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Still Basketting

  • #3,181
  • Edited 11:24am Jan 28, 2013 11:12am | Edited 11:24am
Basket update,
today I decided to scalp on m1, because didn't like how things are in H1 , so far so good I took around +300 pips.


P.

P.S. But I think 2,15,2,15 isn't a good HAS settings for M1.
KOS, what are your recommendations?
"The fear of loss is a path to the Dark Side." >> Yoda
  • #3,182
  • Jan 28, 2013 12:28pm Jan 28, 2013 12:28pm
Attempted re-entry via the 5m @ tokyo open and got caned on the reversal.
Now just got a core 5 short signal.
Let's see how it goes. I'm away from my terminal so I'll upload pics when i get back.
Anyone else in?
Psalms 82:6: Forex Must Bow!
  • #3,183
  • Jan 28, 2013 12:48pm Jan 28, 2013 12:48pm
I'm in on the short basket now. Triple top for core5 on H4 anyone? Or maybe i'm wrong.
  • #3,184
  • Jan 28, 2013 12:50pm Jan 28, 2013 12:50pm
Quoting stephenoye
Attempted re-entry via the 5m @ tokyo open and got caned on the reversal.
Now just got a core 5 short signal.
Let's see how it goes. I'm away from my terminal so I'll upload pics when i get back.
Anyone else in?
When your decision is base on M5, you should not be away from your station, unless it was back up with long TF.
Face both Win and Lose bravely
  • #3,185
  • Edited 4:38pm Jan 28, 2013 1:06pm | Edited 4:38pm
Quoting Cowboy11
When your decision is base on M5, you should not be away from your station, unless it was back up with long TF.
Was trying out re-entry.
Few minutes later there was a big reversal.
Its funny cos there was also hidden divergence signalling a continuation.
Looking back at it, PA was so far away from the HAS on 4h TF. I should have smelt a rat.

Talking of which, my core 5 was an enter and run job. Does anyone know what 4h is doing.
I hope I haven't made the same mistake twice in one day. Well I have but I'm hoping to get lucky.
Pics please if you could.

Thanks
Psalms 82:6: Forex Must Bow!
  • #3,186
  • Jan 28, 2013 2:39pm Jan 28, 2013 2:39pm
Quoting stephenoye
Was trying out re-entry.
Few minutes later there was a big reversal.
Its funny cos there was also hidden divergence signalling a continuation.
Looking back at it, PA was so far away from the HAS on 4h TF. I should have smelt a rat.

Talking of which, my core 5 was an enter and run job. Does anyone know what 4h is doing.
I hope I haven't made the same mistake twice in one day. Well I have but I'm going to get lucky.
Pics please if you could.

Thanks
Here we go.
Lightning striking twice I think.
Have a look at the H4. Always so strong. Ignore at your peril!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Bad Entry.png Size: 81 KB
Click to Enlarge Name: Bad Entry 4h.png Size: 72 KB
Psalms 82:6: Forex Must Bow!
  • #3,187
  • Jan 28, 2013 3:44pm Jan 28, 2013 3:44pm
Quoting stephenoye
Was trying out re-entry.
Few minutes later there was a big reversal.
Its funny cos there was also hidden divergence signalling a continuation.
Looking back at it, PA was so far away from the HAS on 4h TF. I should have smelt a rat.

Talking of which, my core 5 was an enter and run job. Does anyone know what 4h is doing.
I hope I haven't made the same mistake twice in one day. Well I have but I'm going to get lucky.
Pics please if you could.

Thanks
Trading isn't about luck. Its about discipline,timing and playing the odds properly. Any sell basket now should yield a lot of pips,watching the dailies,it looks like a reversal is forming. UJ rejected 91 again. I'm waiting for the daily candle to close before I start pulling triggers. I've got my eyes on the EJ, its by far the best pair to short, the r/r looks good. The weak Gbp also makes the GJ very viable. I'ill be watching the M15 and H1 charts. Green pips to all
It is possible to make large sums trading, small losses, large wins
  • #3,188
  • Jan 28, 2013 3:47pm Jan 28, 2013 3:47pm
Unless we have major news event, we will be in range market for some time.
Follow me to the Promised Land
  • #3,189
  • Jan 28, 2013 5:07pm Jan 28, 2013 5:07pm
Quoting omadivi
Trading isn't about luck. Its about discipline,timing and playing the odds properly. Any sell basket now should yield a lot of pips,watching the dailies,it looks like a reversal is forming. UJ rejected 91 again. I'm waiting for the daily candle to close before I start pulling triggers. I've got my eyes on the EJ, its by far the best pair to short, the r/r looks good. The weak Gbp also makes the GJ very viable. I'ill be watching the M15 and H1 charts. Green pips to all
Most def Omadivi,

I was on my phone and it auto-corrected though what I meant to say wasn't much better.
It was meant to say "I'm hoping to get lucky" as i had gone short without having a peep at the H4.
Seems to have come good at the moment though the EA stopped me out fo a tiny profit (error in settings).
This might be an opportunity to practice re-entry again.
Psalms 82:6: Forex Must Bow!
  • #3,190
  • Jan 28, 2013 5:15pm Jan 28, 2013 5:15pm
Quoting xlitang
Unless we have major news event, we will be in range market for some time.
Yea quite agree, thats my read of the market at the moment as well.

However ea has gone for the sell signal as attached. I will have to wait and see how it goes.

cheers scalpz

update: now (+3 hrs) currently positive
Attached Image (click to enlarge)
Click to Enlarge Name: #k05m h1 20130128 ibfx au.gif Size: 39 KB
Target 2 : Stoploss in the green
  • #3,191
  • Jan 28, 2013 10:09pm Jan 28, 2013 10:09pm
EJ if it stays abv 121.90 favors buyers . seems like a reversal in 1 h coming in core 5.
  • #3,192
  • Jan 29, 2013 4:32am Jan 29, 2013 4:32am
Quoting scalpz
Yea quite agree, thats my read of the market at the moment as well.

However ea has gone for the sell signal as attached. I will have to wait and see how it goes.

cheers scalpz

update: now (+3 hrs) currently positive
I'm thinking about shorting as well, looking at the hour basket, but the four hour is still in the up.

Also, wouldn't short the GBPUSD anymore, might be heading back up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: one hour basket.gif Size: 23 KB
Click to Enlarge Name: four hour basket.gif Size: 20 KB
  • #3,193
  • Jan 29, 2013 5:05am Jan 29, 2013 5:05am
Quoting cspip
I'm thinking about shorting as well, looking at the hour basket, but the four hour is still in the up.
Do most people here wait for the H4? The H4 switched to negative for a brief while a few days ago, but the last time it went negative was, by my charts, on the 6th of November last year.

The HAS seems to be bouncing against a H1 support at the moment so you may well be right to hold out
  • #3,194
  • Jan 29, 2013 5:14am Jan 29, 2013 5:14am
Quoting WideEyed
Do most people here wait for the H4? The H4 switched to negative for a brief while a few days ago, but the last time it went negative was, by my charts, on the 6th of November last year.

The HAS seems to be bouncing against a H1 support at the moment so you may well be right to hold out
Yes my charts are slightly different there,

Actually just shorted a couple of EUR pairs.... (?) based also on the 8 hour chart below
Attached Image (click to enlarge)
Click to Enlarge Name: eight hour circles.JPG Size: 236 KB
  • #3,195
  • Jan 29, 2013 5:41am Jan 29, 2013 5:41am
Circles aren't easy on MT4. What charts are you using, Netdania?
  • #3,196
  • Jan 29, 2013 6:33am Jan 29, 2013 6:33am
Quoting stephenoye
Here we go.
Lightning striking twice I think.
Have a look at the H4. Always so strong. Ignore at your peril!
Hi Stephenoye How did u put in value stop loss at 200.00 USD on use stop loss
  • #3,197
  • Jan 29, 2013 7:14am Jan 29, 2013 7:14am
Quoting terminator12
Hi Stephenoye How did u put in value stop loss at 200.00 USD on use stop loss
Hi Terminator,

See settings below.
Attached Image (click to enlarge)
Click to Enlarge Name: Stop Loss.png Size: 41 KB
Psalms 82:6: Forex Must Bow!
  • #3,198
  • Jan 29, 2013 7:40am Jan 29, 2013 7:40am
Quoting stephenoye
Hi Terminator,

See settings below.
Hi Stephenoye I had problem with it , Always trade too short , I use 0.01 mini Please show me complete Parameter (is it called) ,
Sorry to worry u , Im almost there ,
Attached File(s)
File Type: docx Parameter 1.docx   54 KB | 489 downloads
File Type: docx Parameter 2.docx   53 KB | 411 downloads
File Type: docx Parameter 3.docx   53 KB | 427 downloads
File Type: docx Parameter 4.docx   147 KB | 429 downloads
  • #3,199
  • Jan 29, 2013 8:33am Jan 29, 2013 8:33am
Quoting terminator12
Hi Stephenoye I had problem with it , Always trade too short , I use 0.01 mini Please show me complete Parameter (is it called) ,
Sorry to worry u , Im almost there ,
I've PM'd you.
Psalms 82:6: Forex Must Bow!
  • #3,200
  • Jan 29, 2013 8:46am Jan 29, 2013 8:46am
We have a USD news report coming out in a couple of minutes. If its bad,it would pull the UJ down, and possibly the other yen pairs. Time will tell. I'm still looking for yen shorts, took some pips earlier in the day but I believe we still have plenty room downside before any significant climb. I'ill be the first to admit it if I'm wrong...
It is possible to make large sums trading, small losses, large wins
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