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Trading EURUSD only

  • #11,581
  • Nov 10, 2012 4:18am Nov 10, 2012 4:18am
You remember I was not taking 15-20 pips profits. kind of obsesses with r:r ratios. now I am not taking 100 pips either. it all depends upon what you are doing. for the time frame you are trading and your method it is a right thing, for mine might be wrong, but I have been thinking about developing some method when trader trades a basket and it is a total basket profit that should be taken or loss taken. remember we discussed this once when I told you how stocks guys were trading baskets at the office? it also makes sense as long as trader is good with determining some shorter term moves on few pairs. my floating is always up so it might make sense, but it is a totally different method. with current approach I should stay with a trend as long as possible and now I started pyramiding. pyramiding for this new wave of trades is not an option cause entroies are not safe but in the future I am planning to add to winners.


Quoting stevewalker
for me it does not matter.
if it ask for scalping I scalp if it trends thats also ok.
I dont care the trade distande. I care the secure profit as much as I can.
there are many trades 10-15 pips in history. Some of those are parts of big move.
instead of having 50 or 80 pips in once I take it with portions as 10-15-20 which is actually %100 matching the MKT mood as we are getting CZ every 10-15 pips.
  • #11,582
  • Nov 10, 2012 4:18am Nov 10, 2012 4:18am
I should leave.
see you later.
  • #11,583
  • Nov 10, 2012 4:21am Nov 10, 2012 4:21am
the issue is
the waves

I trade waves.
we can not know when a wave will end.
so I start with wave & end with wave.
if it continiou I enter again same direction.
this is actually what I am doing.

BUT............
when we have bigger waves the trade distance automaticly will be bigger for sure.

every trader has its on way of trading.

there is no single correct one.
in reality all correct/wrong
see you later

the big BOSS is waiting

Quoting shiko
You remember I was not taking 15-20 pips profits. kind of obsesses with r:r ratios. now I am not taking 100 pips either. it all depends upon what you are doing. for the time frame you are trading and your method it is a right thing, for mine might be wrong, but I have been thinking about developing some method when trader trades a basket and it is a total basket profit that should be taken or loss taken. remember we discussed this once when I told you how stocks guys were trading baskets at the office? it also makes sense as long as trader is good...
  • #11,584
  • Nov 10, 2012 4:23am Nov 10, 2012 4:23am
see you later. will go take a nap and go to the gym

Quoting stevewalker
the issue is
the waves

I trade waves.
we can not know when a wave will end.
so I start with wave & end with wave.
if it continiou I enter again same direction.
this is actually what I am doing.

BUT............
when we have bigger waves the trade distance automaticly will be bigger for sure.

every trader has its on way of trading.

there is no single correct one.
in reality all correct/wrong
see you later

the big BOSS is waiting
  • #11,585
  • Nov 10, 2012 6:25am Nov 10, 2012 6:25am
Quoting shiko
I would say you should relax because price is making new lows. divergence form 1H? it is too low of a time frame to consider against down trend on daily/weekly. of course if they move up to 1.2900 i will be stopped but so far they have not been able to reach even 1.2800. which means strong selling pressure.
Have you entered at the daily low? in this case I could understand your worries. I actually know that entries at these levels are not optimal. safe entries for me were around 1.300-1.2900 area. However seeing the potential I am ready to make...
you are 100percent right from the DOW theory viewpoint we are making new lows and then we are in a downtrend ...

what i am telling is a bit different i.e the volumes are telling that the smart money ( ''they'') is going into EUR Side (spanish baillout or a greek thing or the fiscal cliff concerns or whatever the reason)....

an other clue is on the weekly and the daily chart with RSI 2 period (applied to open) that is telling us that the monday daily candle is likely to close positive and that the week have also good probability to close green .

an other clue is the LT-TL and the nearest price level for a reversal that is also a fibo level .

you got also the USD index in a potential reversal zone ,

you got also CRAAPL currently Tumbling (meaning price need to be inflated (weaker dollar) in order to ''save'' most of hedge-funds ( stock pickers ) that are also US T-Bond holders ( then i let you guess what will be the next FED move ) .

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Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #11,586
  • Nov 10, 2012 6:26am Nov 10, 2012 6:26am
LT-TL and the nearest price level for a reversal that is also a fibo level
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Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #11,587
  • Nov 10, 2012 6:56am Nov 10, 2012 6:56am
the issue is %161 extension level is matching with weekly High before low.

this level can be a bounce level.
or ths actual down move is a pullback.

before getting answers those Q we can not know the real direction

Quoting aerotrade
LT-TL and the nearest price level for a reversal that is also a fibo level
  • #11,588
  • Nov 10, 2012 6:57am Nov 10, 2012 6:57am
back to coding.
will spend sometime & try to add some smart features to EA that has faced while trading last week
  • #11,589
  • Nov 10, 2012 6:58am Nov 10, 2012 6:58am
here

Quoting stevewalker
here
  • #11,590
  • Nov 10, 2012 7:13am Nov 10, 2012 7:13am
Quoting stevewalker
back to coding.
will spend sometime & try to add some smart features to EA that has faced while trading last week

do you have any good ea without increasing lots having stops and without over trading if you could show me.
  • #11,591
  • Nov 10, 2012 7:18am Nov 10, 2012 7:18am
coded thousands
if there would be I would be using it instead of having thousands of screen hours he he

but there is one for EURUSD which is long term trading with ~1000 pip TP & SL change accrodingly with S/R

but I should find it out of thousands of code.

Quoting XharpScalper
do you have any good ea without increasing lots and without over trading if you could show me.
  • #11,592
  • Nov 10, 2012 7:20am Nov 10, 2012 7:20am
Quoting stevewalker
coded thousands
if there would be I would be using it instead of having thousands of screen hours he he

but there is one for EURUSD which is long term trading with ~1000 pip TP & SL change accrodingly with S/R

but I should find it out of thousands of code.
which one you actually trust and use ?
  • #11,593
  • Nov 10, 2012 7:21am Nov 10, 2012 7:21am
a small portion of it

Quoting stevewalker
coded thousands
if there would be I would be using it instead of having thousands of screen hours he he

but there is one for EURUSD which is long term trading with ~1000 pip TP & SL change accrodingly with S/R

but I should find it out of thousands of code.
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  • #11,594
  • Nov 10, 2012 7:24am Nov 10, 2012 7:24am
on the other hand
learned alot when coding & testing
but human interupt needed
means semiautomated

robots works only with banks or with big players with huge %DD

Quoting stevewalker
a small portion of it
  • #11,595
  • Nov 10, 2012 7:26am Nov 10, 2012 7:26am
Quoting stevewalker
on the other hand
learned alot when coding & testing
but human interupt needed
means semiautomated

robots works only with banks or with big players with huge %DD
ok if i would say could you show me one of your <range> bot
and one of <trend> bot.

just 2 of them ..
  • #11,596
  • Nov 10, 2012 7:28am Nov 10, 2012 7:28am
none

I could make fortune of selling them ( I guess I may )
but if any system can not create profit for me, selling it is not correct

I use the actual EA for creating data needed it is not trading

Quoting XharpScalper
which one you actually trust and use ?
  • #11,597
  • Nov 10, 2012 7:29am Nov 10, 2012 7:29am
Quoting stevewalker
none

I could make fortune of selling them ( I guess I may )
but if any system can not create profit for me, selling it is not correct

I use the actual EA for creating data needed it is not trading

you have participated in ATC ?
  • #11,598
  • Nov 10, 2012 7:30am Nov 10, 2012 7:30am
here
Quoting XharpScalper
ok if i would say could you show me one of your <range> bot
and one of <trend> bot.

just 2 of them ..
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  • #11,599
  • Nov 10, 2012 7:30am Nov 10, 2012 7:30am
here
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  • #11,600
  • Nov 10, 2012 7:33am Nov 10, 2012 7:33am
Quoting stevewalker
here

nice . you use them?
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