My Iced Latte, Sandwich, Beer, and Midnight Randevous Trading Method | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Big Sandwich System 94 replies

Fibos Midnight 2 midnight 3 replies

Midnight to midnight Floor pivots 4 replies

Pips of Iced Earth 9 replies

Effilang's Sandwich... 33 replies

Attachments: My Iced Latte, Sandwich, Beer, and Midnight Randevous Trading Method
Exit Attachments

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

  • #161
  • Dec 24, 2012 10:25am Dec 24, 2012 10:25am
The cross hair doesn't get placed on the current candle, it gets placed on the same place as the current candle. Line the vertical plane of the crosshairs in line with the center of the candlestick (splitting the candlestick into left and right sides); the vertical place of the candlestick. Once this is done, move the crosshairs up and down on the vertical plane until the left arm (in this case) of the crosshairs touches my trendline. So, the left arm is just touching the trendline and the bottom arm is on the vertical plane that splits the candlestick in right and left sides. When it is in place, the price at the horizontal plane of the crosshairs is (in this case) going to be our point of entry.

Hard to put an explanation into words sometimes, but I will keep trying.



Quoting FerruFx
My understanding problem is this.
"Keep your eyes on the helpers" - Mr. Rogers
  • #162
  • Dec 24, 2012 10:32am Dec 24, 2012 10:32am
Quoting damonl
Once this is done, move the crosshairs up and down on the vertical plane until the left arm (in this case) of the crosshairs touches my trendline.
On your screenshot, the trendline is touched even 10 pips below the pending order or even 100 pips above.

Sorry to be a pain ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #163
  • Dec 24, 2012 10:37am Dec 24, 2012 10:37am
Not on mine. Do me a favor and give me a screen shot as you understand the definitions with the crosshair in place.

Quoting FerruFx
On your screenshot, the trendline is touched even 10 pips below the pending order or even 100 pips above.

Sorry to be a pain ...
"Keep your eyes on the helpers" - Mr. Rogers
  • #164
  • Dec 24, 2012 10:47am Dec 24, 2012 10:47am
Quoting damonl
Not on mine.
Of course yes. Move the crosshair up and down and the horizontal touch your trendline in any position.

Quoting damonl
Do me a favor and give me a screen shot as you understand the definitions with the crosshair in place.
I can't because I don't understand.

I am sure that this is the wording of your explanation which I don't understand. My english lag a bit !!!
MT4/MT5 EAs/Indicators/Alerts coder
  • #165
  • Dec 24, 2012 10:51am Dec 24, 2012 10:51am
Where are you from?

do you understand about placing the upper and lower arms of the cross hairs in the vertical center of the candlestick. If so, so me in a picture.

Quoting FerruFx
Of course yes. Move the crosshair up and down and the horizontal touch your trendline in any position.



I can't because I don't understand.

I am sure that this is the wording of your explanation which I don't understand. My english lag a bit !!!
"Keep your eyes on the helpers" - Mr. Rogers
  • #166
  • Edited 12:34pm Dec 24, 2012 12:19pm | Edited 12:34pm

Merry Christmas.....


The market is closed so there is no more trading fun. Enjoy. I hope everyone has something to be thankful as we count down the new year. Peace on earth, and I will see you after Christmas when the market resumes operation.


Live Life Large,


Dust

"Keep your eyes on the helpers" - Mr. Rogers
  • #167
  • Dec 24, 2012 7:15pm Dec 24, 2012 7:15pm
Quoting damonl
Where are you from?
I'm located in Thailand

Quoting damonl
do you understand about placing the upper and lower arms of the cross hairs in the vertical center of the candlestick. If so, so me in a picture.
No ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #168
  • Dec 24, 2012 8:55pm Dec 24, 2012 8:55pm
I've got a quick second. I'm a visual learner so is it possible for you (damonl) to create a screenshot with explanations typed on the screenshot on exactly how you determine and draw your trendlines? Sorry if this is a hassle. I want to understand just how you do it but I'm having a tough time with it.

No rush request or anything like that. Just whenever you have a free second. I think if you could do a screenshot or even a quick video it will clear up the questions that FerruFX, myself and others may have.
  • #169
  • Dec 25, 2012 9:02am Dec 25, 2012 9:02am
Merry Christmas:

How about if you study some of the charts that have been posted and then post one of your own, and I can better correct were you might be wrong.. Not toady though if you don't want.. let's make it a long weekend

Quoting Donatello
I've got a quick second. I'm a visual learner so is it possible for you (damonl) to create a screenshot with explanations typed on the screenshot on exactly how you determine and draw your trendlines? Sorry if this is a hassle. I want to understand just how you do it but I'm having a tough time with it.

No rush request or anything like that. Just whenever you have a free second. I think if you could do a screenshot or even a quick video it will clear up the questions that FerruFX, myself and others may have.
"Keep your eyes on the helpers" - Mr. Rogers
  • #170
  • Dec 25, 2012 9:03am Dec 25, 2012 9:03am
Hmmmmm.. let me think

Quoting FerruFx
I'm located in Thailand



No ...
"Keep your eyes on the helpers" - Mr. Rogers
  • #171
  • Dec 25, 2012 1:05pm Dec 25, 2012 1:05pm
I was thinking that it might be really nice to show weekly and monthly pivots on the chart. Of anyone has what they think is the best one for this, it would be great if you could post it or point me in the right direction as to where it may be at.

Thanks in advance!

Live Life Large,

Dust
"Keep your eyes on the helpers" - Mr. Rogers
  • #172
  • Dec 25, 2012 5:11pm Dec 25, 2012 5:11pm

Let's take a look at this chart


Attached Image (click to enlarge)
Click to Enlarge Name: crosshairs.jpg Size: 167 KB


Do you see the downward sloping counter trend line?

Then you see that price action of the last chart that you see on the screen is getting close to that counter trend line, and so I want to place a stop order somewhere above the line. I am goin to use the "crosshairs" to do that.

Okay, so I have switched the pointer to the crosshairs, and that gives me the "+" with extensions placed on them.

Hey, I think I've got it....

By cross hairs, I am talking about the "+" sign only. So, when I put the left arm of the "plus sign" touching the trend line, not the extension lines. If you look real close at the crosshairs, at the crossing point, you can see that there is a gap between the "+" and the extension lines. This is what I use for my refernce points on the counter trend line.

Does this help? Pretend that those extension lines were not there and all you had on your chart looked like this "+" . It is the points of the "+" that I use to figure my entry and and somtimes SL point as well.

Let me know if this helps.
"Keep your eyes on the helpers" - Mr. Rogers
  • #173
  • Dec 25, 2012 5:43pm Dec 25, 2012 5:43pm

SL Settings

I have spent some time going over what I am going to use for my stop loss values. I have decided on 60% of the ATR (20). This keeps me in the R:R relationship that I would like of at lease 4:1. I will use this unless I can draw a trendline, and using that would give me tighter SL than using the ATR. Alright than, onward.

"Keep your eyes on the helpers" - Mr. Rogers
  • #174
  • Dec 25, 2012 6:27pm Dec 25, 2012 6:27pm
Hi, I am new to this, first ever post...
I have been following this thread since it was first started. This method of trading that you are sharing with us is the first thing I have come across that works for me. I have not been trading for very long, I have had no success on the smaller time frames, but looking at the daily ( and weekly ) I feel I am starting to make some progress. What you are sharing here is great, a simple approach and easy to follow. Can't post any charts at the moment as I am not on my computer, but am going to contribute in the future. Great, simple approach to trading that suits me perfectly. Thanks for sharing.
I have entered a number trades since this thread was started, most have been successful. Exited a couple to early, fear got in the way and I set my stop,s to close. Lots of work to do.... Great thread.

Merry Xmas
  • #175
  • Dec 25, 2012 7:15pm Dec 25, 2012 7:15pm
Quoting damonl
By cross hairs, I am talking about the "+" sign only. So, when I put the left arm of the "plus sign" touching the trend line, not the extension lines.
This solves the misunderstanding. So many postings for this ... and made me look like an idiot.

Thanks again for your great patience.
MT4/MT5 EAs/Indicators/Alerts coder
  • #176
  • Dec 25, 2012 11:33pm Dec 25, 2012 11:33pm
Hello:

You bestill on me quite the honor. To have your first post on this forum not even be random speaks volumes for what we are doing. This got me thinking that there must be thousands if not more who trade in this same kind of style for the reasons that you mentioned, and the reasons which others have mentioned who are following along. To me, this suggests that there are thousands of traders out there who already trade using this same very concept, and it is no secret that volume moves the market. Finding that exact entry that so many others already know about is something that I think we are very close to doing.

I am glad to have you on board. I think that in the future lots of good things could be awaiting you by following this thread. I look forward to working with you. Merry Christmas to you as well.

Live Life Large,

Dust

Quoting RogFx
Hi, I am new to this, first ever post...
I have been following this thread since it was first started. This method of trading that you are sharing with us is the first thing I have come across that works for me. I have not been trading for very long, I have had no success on the smaller time frames, but looking at the daily ( and weekly ) I feel I am starting to make some progress. What you are sharing here is great, a simple approach and easy to follow. Can't post any charts at the moment as I am not on my computer, but am going to contribute in...
"Keep your eyes on the helpers" - Mr. Rogers
  • #177
  • Dec 25, 2012 11:35pm Dec 25, 2012 11:35pm
Hahahahahahahaha.. I bet you were thinking that I had lost my mind and didn' know what the heck I was typing about.....

Quoting FerruFx
This solves the misunderstanding. So many postings for this ... and made me look like an idiot.

Thanks again for your great patience.
"Keep your eyes on the helpers" - Mr. Rogers
  • #178
  • Dec 26, 2012 12:23am Dec 26, 2012 12:23am
Quoting damonl
Hahahahahahahaha.. I bet you were thinking that I had lost my mind and didn' know what the heck I was typing about.....
Absolutely not! I was reading again and again your answers to find out what I was missing. The crosshair for me was the whole thing !!! Hope that it was also for many others ... Don't like to be ridiculous alone
MT4/MT5 EAs/Indicators/Alerts coder
  • #179
  • Dec 26, 2012 10:45am Dec 26, 2012 10:45am

eurnzd - one of many trend lines in place today

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.jpg Size: 119 KB

I have to hit the road for a while, but should be back today. I have some additional information and clarification to the first page, as I try to solidify a few things that were still ambiquous to me. I hope to get to that in the next few days or so.

Who else has a chart to share?

"Keep your eyes on the helpers" - Mr. Rogers
  • #180
  • Dec 26, 2012 7:23pm Dec 26, 2012 7:23pm

eurusd pending order



Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 25 KB




This is a unique situation that does happen once in awhile, and it occurs when price action is so close to touching a channel line, but we haven't gotten the points needed to draw a trend line. Then we get a color change on the root. Sometimes it will be a good idea to not wait for a trend line and for me that is when price and the channel line are very close. Chances are this looks like it might be a flag based on the fact that price has gone from one channel line to the other in a vertical line.

"Keep your eyes on the helpers" - Mr. Rogers
0 traders viewing now