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As Easy as "PI"

  • #101
  • Jan 9, 2013 9:02am Jan 9, 2013 9:02am
Hi I put the screen my scalp trade, close minute ago

add ichimoku with my settings that I like

trade was late couse I was eaten
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The market was bullish, turned bearish, and you'are brokish!!!
  • #102
  • Jan 9, 2013 9:36am Jan 9, 2013 9:36am
Quoting spyderman
Patguay,

Welcome to the thread. It comes down to the old saw...the more bad pips you filter out, the more good pips you fail to get. I really don't know the best way. It's something each trader will have to work out in keeping with their own trading style. Bobcat mentioned earlier not taking the first cross and waiting for an "addon" signal. That may help in many cases. However there are always those trades that make a cross and then head parabolically upward or downward. Your going to miss those kinds of moves.

So far I'm content...
So in reality, it is hard to screen out those currency pairs which is undergoing sideway trends. Anyway, I have entered 7 positions with different currency pairs, 5 are non JPY cross. It is remarkable to note that within 10 hrs, my position has appreciated 6% of my capital. I guess by increasing the sample size, it will help to offset the losses and reduce the significance contributed by individual "side way" currency pairs. I will add more to it when any currency pair fulfil your stated criteria.
  • #103
  • Jan 10, 2013 4:49am Jan 10, 2013 4:49am
Well the trades have pretty much all turned for the good again. With the weakening Yen and the strength of the Aud & Nzd there are a lot of strong trends going.

As positions get piled on it just makes things grown exponentially. Tough not to take profit, but then what.

I remember a quote earlier in the thread in response to taking profit and running:
Quoting juicyt
I was thinking the same thing. Of course if that doubles again in a few days or week, we would both look the fool..

So I'll stick to the course. Time may tell that it would be wise to trail the stops on all trades, at least to a couple of hundred pips. But there have already been a couple times (like on UsdJpy) where we had a significant retrace (162 pips) and then the trend resume. I'll have to think about that one.
  • #104
  • Jan 10, 2013 9:04am Jan 10, 2013 9:04am
Weekly screen and my scenario that I crate days ago...

the key will be now area of ichimoku cloude, I trust ichimoku and overther is 200ema

I see clear elliot wave
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The market was bullish, turned bearish, and you'are brokish!!!
  • #105
  • Jan 10, 2013 9:28am Jan 10, 2013 9:28am
Quoting FXThug
Weekly screen and my scenario that I crate days ago...

the key will be now area of ichimoku cloude, I trust ichimoku and overther is 200ema

I see clear elliot wave
Well then start your own itchy scratchy elliot wave thread........
  • #106
  • Jan 10, 2013 10:13am Jan 10, 2013 10:13am
Quoting tradestar1
Well then start your own itchy scratchy elliot wave thread........
ok understand U scalp trade on m1 with system rule.. will see
The market was bullish, turned bearish, and you'are brokish!!!
  • #107
  • Jan 10, 2013 10:14am Jan 10, 2013 10:14am
shot
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The market was bullish, turned bearish, and you'are brokish!!!
  • #108
  • Edited 11:39am Jan 10, 2013 10:50am | Edited 11:39am
This looks like a great system Spyde, it seems like it's really difficult to figure out when a market is consolidated or ranging, but it sure pays off when it's trending. Even when it is consolidating, we have a set stop loss, while when it is trending profits can go through the roof like in the CADJPY pair. I will be following this system and also trying to demo trade as well on the Daily Charts. I really like the idea of adding trades on when the trend is continuing.

Are all those trades that are in the open trades section, not counted in your All time return of 10,678 pips? So technically you would have 17353+10678 pips = 28031 Pips? I was just curious. Good luck with everything Spidey. Your system looks phenomenal!

And also, I guess the EURCHF pair is an obvious no trade pair, because of the price floor by the ECB. So fundamentals do come into play!
  • #109
  • Jan 10, 2013 12:29pm Jan 10, 2013 12:29pm
Quoting spyderman
Well the trades have pretty much all turned for the good again. With the weakening Yen and the strength of the Aud & Nzd there are a lot of strong trends going.

As positions get piled on it just makes things grown exponentially. Tough not to take profit, but then what.

I remember a quote earlier in the thread in response to taking profit and running:



So I'll stick to the course. Time may tell that it would be wise to trail the stops on all trades, at least to a couple of hundred pips. But there have already been a couple times (like...

how this trade ding so far??
  • #110
  • Jan 10, 2013 12:50pm Jan 10, 2013 12:50pm
Quoting FXThug
ok understand U scalp trade on m1 with system rule.. will see
You are confusing me with With This GUY
  • #111
  • Jan 10, 2013 12:57pm Jan 10, 2013 12:57pm
Quoting brokerr
how this trade ding so far??

Which trade are you referring to brokerr
  • #112
  • Jan 10, 2013 1:00pm Jan 10, 2013 1:00pm
Quoting hyperspeeds3
This looks like a great system Spyde, it seems like it's really difficult to figure out when a market is consolidated or ranging, but it sure pays off when it's trending. Even when it is consolidating, we have a set stop loss, while when it is trending profits can go through the roof like in the CADJPY pair. I will be following this system and also trying to demo trade as well on the Daily Charts. I really like the idea of adding trades on when the trend is continuing.

Are all those trades that are in the open trades section, not counted in your...
I haven't added up all the lost pips, but currently I have 18,000 pips of floating profit.

As long as the Swiss Franc stays pegged to the Euro I won't trade the Chf pairs. Theirs no point, they mirror their Eur counterparts. The only exception is that I trade the NzdChf rather than the EurNzd because I get a better spread on my broker.
  • #113
  • Jan 10, 2013 1:12pm Jan 10, 2013 1:12pm
Quoting spyderman
I haven't added up all the lost pips, but currently I have 18,000 pips of floating profit.

As long as the Swiss Franc stays pegged to the Euro I won't trade the Chf pairs. Theirs no point, they mirror their Eur counterparts. The only exception is that I trade the NzdChf rather than the EurNzd because I get a better spread on my broker.

Oops...just went up another 1000 pips in the last 15 minutes.
  • #114
  • Jan 10, 2013 1:15pm Jan 10, 2013 1:15pm
Quoting spyderman
Oops...just went up another 1000 pips in the last 15 minutes.
Thanks the weakness of JPY ! I have doubled my account with JPY this week
How do you trade the pair EUR/USD for the last days Spyderman ?

Thanks a lot,
Green pips to all !
Trade Safe !
  • #115
  • Jan 10, 2013 1:22pm Jan 10, 2013 1:22pm
Quoting Goodgame42
Thanks the weakness of JPY ! I have doubled my account with JPY this week
How do you trade the pair EUR/USD for the last days Spyderman ?

Thanks a lot,
Green pips to all !

Not very well...

I'll be closing a -200 pip trade at the end of the day. The Euro news today killed those short positions.
  • #116
  • Jan 10, 2013 1:27pm Jan 10, 2013 1:27pm
Quoting spyderman
Not very well...

I'll be closing a -200 pip trade at the end of the day. The Euro news today killed those short positions.
Yes me too when I saw there was a lot of serious news on EUR I exited my short and stand to see how price will go.
Trade Safe !
  • #117
  • Jan 10, 2013 1:29pm Jan 10, 2013 1:29pm
Quoting Goodgame42
Thanks the weakness of JPY ! I have doubled my account with JPY this week
How do you trade the pair EUR/USD for the last days Spyderman ?

Thanks a lot,
Green pips to all !
Yeah according to the news they're projecting the Yen to go to 90 vs. the dollar. That would be another 1350 pips on that pair. I have 9 positions currently. If it goes to 90 against a weak dollar it should move very well vs. the Commodity countries

I just keep waiting for the bottom to fall out.
  • #118
  • Jan 10, 2013 1:33pm Jan 10, 2013 1:33pm
Quoting spyderman
Yeah according to the news they're projecting the Yen to go to 90 vs. the dollar. That would be another 1350 pips on that pair. I have 9 positions currently. If it goes to 90 against a weak dollar it should move very well vs. the Commodity countries

I just keep waiting for the bottom to fall out.
Yes it could have a lot of movements again so trade safe and take profit on several trades before seeing a reversal
Trade Safe !
  • #119
  • Jan 10, 2013 1:34pm Jan 10, 2013 1:34pm
has this thread got anything to do with the movie ''life of PI'' by any chance ?
  • #120
  • Jan 10, 2013 1:40pm Jan 10, 2013 1:40pm
Todays EUR/USD surprise was a knee jerk reaction to the BS spewed from the ecb...... I will be very surprised if this continues..... but hey what do I know. I just trade my signals.......
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