My Iced Latte, Sandwich, Beer, and Midnight Randevous Trading Method | Page 5 | Forex Factory

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My Iced Latte, Sandwich, Beer, and Midnight Randevous Trading Method

  • #81
  • Dec 21, 2012 10:48am Dec 21, 2012 10:48am
Yes... I will try to go into detail from start to finish of a trade, but I am kind of bummed that I am now in the commercial thead. I would rather not be, so I may do it from a new thread if they won't move this one back.

Quoting FerruFx
Ok. On your next screenshot (live trade in real time), may i ask you to place the crosshairs to explain how you defined its place horizontaly/verticaly.

Thank you for your effort and patience.
"Keep your eyes on the helpers" - Mr. Rogers
  • #82
  • Dec 21, 2012 10:51am Dec 21, 2012 10:51am
Quoting damonl
Yes... I will try to go into detail from start to finish of a trade, but I am kind of bummed that I am now in the commercial thead. I would rather not be, so I may do it from a new thread if they won't move this one back.
Ok thank you.

You should ask for the thread to be moved back as you removed all commercial stuff ... Anyway, this stuff wasn't your commercial.

If you open a new thread, please post the link here. You will have at least one follower
MT4/MT5 EAs/Indicators/Alerts coder
  • #83
  • Dec 21, 2012 10:59am Dec 21, 2012 10:59am

CounterTL on gbpnzd

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.jpg Size: 122 KB

Here is my current TL on gbpnzd. Price has hit upper channel line. Stochastic has turned to give me the starting point of my trendline, and stochastic has crossed to give me the connecting point of my trendline. Verticall reference this time is tomorrows candlestick since I con't think that it will come back down today. Usually my vertaicl referencse also coincide with the center of candlesticks.. that might help a bit as well. I may also wait for entry to happen below the low of that next bar which is lower than the trendline and the crosshairs for entry.. until, I would have normally stayed in this trade long, but closed out as I wanted to bank the profits.. wish I wouldn't have done that, but the confidence is building.


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.jpg Size: 171 KB

"Keep your eyes on the helpers" - Mr. Rogers
  • #84
  • Dec 21, 2012 11:00am Dec 21, 2012 11:00am
I did and hopefully they will send it back. Glad to have you around

Quoting FerruFx
Ok thank you.

You should ask for the thread to be moved back as you removed all commercial stuff ... Anyway, this stuff wasn't your commercial.

If you open a new thread, please post the link here. You will have at least one follower
"Keep your eyes on the helpers" - Mr. Rogers
  • #85
  • Dec 21, 2012 11:05am Dec 21, 2012 11:05am
Quoting damonl
Usually my vertaicl referencse also coincide with the center of candlesticks.. that might help a bit as well. I may also wait for entry to happen below the low of that next bar which is lower than the trendline and the crosshairs for entry
That answered my question.

So we take the previous candle for reference (middle or high/low break).

Thank you again.
MT4/MT5 EAs/Indicators/Alerts coder
  • #86
  • Dec 21, 2012 12:18pm Dec 21, 2012 12:18pm
Yes, there is not 100% all the time, but most of the time yes. As always.. be flexible

Quoting FerruFx
That answered my question.

So we take the previous candle for reference (middle or high/low break).

Thank you again.
"Keep your eyes on the helpers" - Mr. Rogers
  • #87
  • Dec 21, 2012 12:33pm Dec 21, 2012 12:33pm

gbpaud short entry

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.jpg Size: 123 KB

Price has gotten close enough to the upper trend line for me. Price than reversed back down to cross my counter trend line based of candles decided on by the stochastic. I choose the aggressive enty. The non--aggressive entry would have been to wait for price to break the low of the previous bar. But, as such, the less aggressive entry results in a larger SL. I would rather to quantity over quality and risk losing a few trades to get a large run as the risk reward ration is so much in our favor with this stratedgy.

"Keep your eyes on the helpers" - Mr. Rogers
  • #88
  • Dec 21, 2012 12:43pm Dec 21, 2012 12:43pm
Yes, it will be a long wait so I'm going to check out alot more pairs. I like using the Probability Meter (great work FerruFX) so I'm going to trade the 19 pairs that the Probability Meter. I've always just traded EUR/USD so this is going to be a truly new experience to me but I'm only demo trading right now so I'm going to give it a shot.

My view on EUR/USD is that price will fall. Since I'm just waking up, I see that I was correct. I have a short on EUR/USD (not from this method however) since 12-19. My entry was at 1.3226. I have a floating p/l of +48 pips right now on that trade. I also have a long on USD/CHF since 12-19 also. My entry on that was at 0.9136. I have a floating p/l of +33 pips on that.

So from this point forward I will be trading 19 pairs using this method on the daily chart. I look forward to the challenge of following 19 pairs and also being a positive part of this thread.

Quoting damonl
That's awesome! Do you kind of understand how the system works? With this system, it might be a long wait trading the daily chart of only one pair, that is why it is nice to monitor them all oro go to a lower TF where there is more action.

So, what is your chart telling you based on the understanding of the system?
  • #89
  • Dec 21, 2012 1:07pm Dec 21, 2012 1:07pm
Thanks for allowing me to be part of your thread. You hit on some very major topics on your first post when you were speaking about the no stress trading that comes from trading the daily charts. I'm at that point in my trading career where I don't want to be at the computer all the time. I've done that for years now and I'm burnt out on it. Time for a much needed change so I figured I would join along with you and your thread.

I will surely post and contribute to this thread in a positive manner. Yeah, I still makes mistakes also but I'm getting better at making fewer and fewer of them. Slowly but surely I believe I can get to a place where I have no stress from trading and can begin to finally put some positive, consistant growth to my trading account. I hope for us all to be able to do that.

Quoting damonl
I see your traders helper there is predicting that eurusd is more likely to go short, rather than long at this time. Feel free to use that as confirmation of set-ups. It might keep you out of trouble. I am also using the stotastic setting ar 5,3,3 to show more aggessive entries once price is in place. Welcome aboard and feel free to post anything. I still make mistakes with this system by not following it, or seeing something that was not there, which for some reason I thought was there.

Maybe more eyes will help us all.
  • #90
  • Dec 21, 2012 2:11pm Dec 21, 2012 2:11pm
This could turn out to be nothing at all but I saw it and wanted to share it. Look at the tight range that AUD/CAD is in right now. I could be wrong but I have a feeling that whenever it breaks out of this range, there may be some nice pips to pick up. Just my 2 pennies!
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-CAD Range.png Size: 133 KB
  • #91
  • Dec 21, 2012 2:24pm Dec 21, 2012 2:24pm
I'm not sure if anybody cares but here is a list of the currency pairs that I will be watching. I went from 1 (EUR/USD) to 19 so please pray for me!!!
Attached Image (click to enlarge)
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  • #92
  • Dec 21, 2012 5:17pm Dec 21, 2012 5:17pm
Hello and welcome:

Once you see how the system works you will see that most of the time you will be looking at pairs and moving on. We want to make sure to keep our SL tight. I would rather take small losses during a possible set up of a big run then a large loss. This puts out R/R in our favor, and we like that. IF you feel lthat you are getting overwhelmed, all you need to do is talk to us and get some help. That is what we are here for.

Quoting Donatello
Yes, it will be a long wait so I'm going to check out alot more pairs. I like using the Probability Meter (great work FerruFX) so I'm going to trade the 19 pairs that the Probability Meter. I've always just traded EUR/USD so this is going to be a truly new experience to me but I'm only demo trading right now so I'm going to give it a shot.

My view on EUR/USD is that price will fall. Since I'm just waking up, I see that I was correct. I have a short on EUR/USD (not from this method however) since 12-19. My entry was at 1.3226. I have a floating...
"Keep your eyes on the helpers" - Mr. Rogers
  • #93
  • Dec 21, 2012 5:21pm Dec 21, 2012 5:21pm
That's it man. Burned out spending time at the computer. For me, most of it I was not even in a trade. I would just watch charts, make some uneducated guesses and watch more charts. Trading like this is fun for me. There is no pressure, and when you come back, you won't be looking for a new move, you will still be trying to determine if the same one you were spying is really going to happen.

I will have patience bud. I may have to make a new thread as I have no desire to be in the commercial formum. I am a socialite, not a commercialite. So, I look forward to having some fun with you.


Quoting Donatello
Thanks for allowing me to be part of your thread. You hit on some very major topics on your first post when you were speaking about the no stress trading that comes from trading the daily charts. I'm at that point in my trading career where I don't want to be at the computer all the time. I've done that for years now and I'm burnt out on it. Time for a much needed change so I figured I would join along with you and your thread.

I will surely post and contribute to this thread in a positive manner. Yeah, I still makes mistakes also but I'm getting...
"Keep your eyes on the helpers" - Mr. Rogers
  • #94
  • Dec 21, 2012 5:32pm Dec 21, 2012 5:32pm
No sweat.. I hope that you have a lot of fun with this. As much fun as I do. Feel free to post some charts as I will, and even catch me, as I am prone to fogetting to look at this or that. You don't have to post evert chart however.. that will be just too much. I am going to try to put together in a little more detail of what I look for, when I look for it and then how I place the trades, etc. Hopefully that will be a little more helpful.

Quoting Donatello
I'm not sure if anybody cares but here is a list of the currency pairs that I will be watching. I went from 1 (EUR/USD) to 19 so please pray for me!!!
"Keep your eyes on the helpers" - Mr. Rogers
  • #95
  • Dec 21, 2012 5:35pm Dec 21, 2012 5:35pm
Channel is heading down, so that is my first option the way I am trading any moves.. looking to go short. What are your thoughts?

Quoting Donatello
This could turn out to be nothing at all but I saw it and wanted to share it. Look at the tight range that AUD/CAD is in right now. I could be wrong but I have a feeling that whenever it breaks out of this range, there may be some nice pips to pick up. Just my 2 pennies!
"Keep your eyes on the helpers" - Mr. Rogers
  • #96
  • Dec 21, 2012 7:23pm Dec 21, 2012 7:23pm
Yes you are so right. Much of my time was spent watching charts and such rather than actually trading. Plus I was taking a great deal of time away from my family and just life period while I was glued to the computer. No more of that for me.

I'm looking to have some fun on this thread with you also. I'm happy to be a part of it. Hopefully they move you back to the trading system section rather than the commercial section.

I will be sure to post some charts but I won't overdue it at all. Afterall, this is your thread not mine. Glad you have patience also because I know I may ask something or do something that will require you to bless me with your patience (probably a few prayers also!).

My view on AUD/CAD is to the downside also. I'm a bit skeptical though because we are at the bottom of the range and we are testing what seems to be strong support. The timing indicator is also at the 30 level but it is still red so it may still have some decent room to drop or it could be getting ready to head back north.

I believe that we may actually see a move back up, price will test resistance (top of the range) again and then it may fall and break out the bottom of the range. I could be completely wrong but these are my thoughts. I've attached the AUD/CAD chart again so everyone can see what I'm actually speaking about.

Quoting damonl
Channel is heading down, so that is my first option the way I am trading any moves.. looking to go short. What are your thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-CAD.png Size: 136 KB
  • #97
  • Edited Dec 22, 2012 6:06am Dec 21, 2012 7:51pm | Edited Dec 22, 2012 6:06am
Quoting Donatello
My view on AUD/CAD is to the downside also. I'm a bit skeptical though because we are at the bottom of the range and we are testing what seems to be strong support. The timing indicator is also at the 30 level but it is still red so it may still have some decent room to drop or it could be getting ready to head back north.

I believe that we may actually see a move back up, price will test resistance (top of the range) again and then it may fall and break out the bottom of the range. I could be completely wrong but these are my thoughts. I've...
I would hesitate to go short or long right now based on what my idicators are telling me. I am looking at an indicator that I worked with a guy on making a long time ago as a replacement for the Timing indi. I haven't looked at in a while, but with the channel it looks really nice. I may just start a new thread anyway with that indie and the channel. I will keep checking it out for now. I have attached it.. what do you think?

Attached File(s)
File Type: ex4 FR_Root1.1.ex4   6 KB | 263 downloads


Check it out with the settings 5, 10.. it looks pretty close to the timing indie and it is the channel the dictates when we enter and when we don't
"Keep your eyes on the helpers" - Mr. Rogers
  • #98
  • Dec 21, 2012 8:47pm Dec 21, 2012 8:47pm
Going to load up the indicator right now.

I'm not taking any trades at all on AUD/CAD right now. That was just my view but thanks for the heads up. I want to see price break out of that range first before I start to think anything about AUD/CAD.

Quoting damonl
I would hesitate to go short or long right now based on what my idicators are telling me. I am looking at an indicator that I worked with a guy on making a long time ago as a replacement for the Timing indi. I haven't looked at in a while, but with the channel it looks really nice. I may just start a new thread anyway with that indie and the channel. I will keep checking it out for now. I have attached it.. what do you think?

Attachment

[font=Century Gothic]Check it out with...
  • #99
  • Dec 21, 2012 8:48pm Dec 21, 2012 8:48pm
Just know that whenever I reach the required status where I can vouch...you got one coming your way buddy!
  • #100
  • Dec 21, 2012 9:27pm Dec 21, 2012 9:27pm
Appreciate that.. I hope you have a nice holiday.. speaking of holidays, it must be getting close to quitting time on the trading for a few days....

Quoting Donatello
Just know that whenever I reach the required status where I can vouch...you got one coming your way buddy!
"Keep your eyes on the helpers" - Mr. Rogers
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