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As Easy as "PI"

  • #221
  • Jan 28, 2013 11:42am Jan 28, 2013 11:42am
I think he meant that we have to compare the weekly trend and wait for a set up on the daily. for example trend is up on the weekly, we should trade only long on daily.
but... well i'm not sure about the question either.
  • #222
  • Jan 28, 2013 12:37pm Jan 28, 2013 12:37pm
Hi Spederman

Where are the short entries when NY closed for G/A and G/C based on your trading?

Thanks, Cheers
Attached Images
  • #223
  • Jan 28, 2013 12:54pm Jan 28, 2013 12:54pm
Quoting msia.metal
Hi Spederman

Where are the short entries when NY closed for G/A and G/C based on your trading?

Thanks, Cheers
Here's my trades on G/A. I wasn't currently trading G/C, not sure why. Maybe it was being too choppy in Decemeber, but it looks pretty close to G/A.
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  • #224
  • Jan 28, 2013 1:03pm Jan 28, 2013 1:03pm
based on your chart i think spiderman strategy should look like that.
correct me if im wrong.
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  • #225
  • Jan 28, 2013 1:06pm Jan 28, 2013 1:06pm
oups, your answer was faster than mine.
  • #226
  • Jan 28, 2013 1:11pm Jan 28, 2013 1:11pm
Sorry for the translation.
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  • #227
  • Jan 28, 2013 4:00pm Jan 28, 2013 4:00pm
Quoting alexey
Sorry for the translation.
Well, in any case, I don't use the weekly for confirmation. Next, we'd have to go to the monthly. You can only stack filters on so long until you don't get any trades. Maybe that's the way to be profitable.
  • #228
  • Edited 5:02pm Jan 28, 2013 4:28pm | Edited 5:02pm
Quoting spyderman
Here's my trades on G/A. I wasn't currently trading G/C, not sure why. Maybe it was being too choppy in Decemeber, but it looks pretty close to G/A.
Quoting toinou21
based on your chart i think spiderman strategy should look like that.
correct me if im wrong.
Sorry my English.
Actually I wanted to ask when is the next short entry, if the trend continues down.
Well your picture shows it
Thanks.
  • #229
  • Edited 5:29pm Jan 28, 2013 4:57pm | Edited 5:29pm
Hi Spyderman

You don't trade the metal?

For Silver, there is not short entry yet, until may till the next close - tomorrow?

Just like Silver, for Gold, the short entry could be made on yesterday. 2 days ago couldn't due histogram yet to cross below 0?

Hope I am correct with the above.

Cheers
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  • #230
  • Jan 28, 2013 5:15pm Jan 28, 2013 5:15pm
If you may, Spyderman, a PB is seen upon NY closed, would you take a short trade like this even thou the histogram is not < 0.

Thanks
  • #231
  • Jan 28, 2013 5:38pm Jan 28, 2013 5:38pm
Quoting msia.metal
If you may, Spyderman, a PB is seen upon NY closed, would you take a short trade like this even thou the histogram is not < 0.

Thanks
No, not just a pinbar by itself. There have been times when I've jumped the gun on the zero cross. Usually if price has been moving that way a couple of days or I hear some news that makes me think the market is heading that way. You can find pinbars all over the place, and they vary from platform to platform.
  • #232
  • Jan 29, 2013 1:49am Jan 29, 2013 1:49am
Quoting spyderman
No, not just a pinbar by itself. There have been times when I've jumped the gun on the zero cross. Usually if price has been moving that way a couple of days or I hear some news that makes me think the market is heading that way. You can find pinbars all over the place, and they vary from platform to platform.
Sorry - I missed the chart.
In fact I referred to U/C where a PB is shown upon NY closing.

So what you advice is still based on the histogram crossing 0 to take an entry, right?

Any comment on post 229?

Cheers
  • #233
  • Jan 29, 2013 7:04am Jan 29, 2013 7:04am
Quoting msia.metal
Sorry - I missed the chart.
In fact I referred to U/C where a PB is shown upon NY closing.

So what you advice is still based on the histogram crossing 0 to take an entry, right?

Any comment on post 229?

Cheers
No, I'm not taking that pinbar over the movement of the trend in general. Could that be a trend change point? Sure, but it could also be nothing but a blip on the way up. Just to repeat...I don't take candlestick formations into account with this strategy. I'm trying to look at longer term market movement.

On post 229. No, I don't trade the metals, at least not with this strategy. But if you did then you could make an argument to jump in on gold a little early due to the downward movement. A little the same with silver.
  • #234
  • Jan 29, 2013 7:19am Jan 29, 2013 7:19am
Quoting spyderman

On post 229. No, I don't trade the metals, at least not with this strategy. But if you did then you could make an argument to jump in on gold a little early due to the downward movement. A little the same with silver.
Thanks for your time.

It just happened the charts are meant for metals.

Say for non-metal pairs, would you take an entry based on the given charts shown.
  • #235
  • Jan 29, 2013 7:21am Jan 29, 2013 7:21am
If you may, Spyderman, when you make a new entry or add-on, pls. post the charts. I want to learn your trading philology. Hope it is ok for you.

Thanks and Cheers
  • #236
  • Jan 29, 2013 1:29pm Jan 29, 2013 1:29pm
Quoting msia.metal
If you may, Spyderman, when you make a new entry or add-on, pls. post the charts. I want to learn your trading philology. Hope it is ok for you.

Thanks and Cheers
Actually I don't want this thread to be a trading journal or a signal service as mentioned earlier. I think the general concept is pretty straight forward. I certainly don't mind discussing entries in general, but would like to see you all post where you think they should be. That's how you really learn a system.

As I add features or tweek parameters I'll share those with everyone.

For example, I've committed to using the 22 EMA (actually 15 pips behind) as an exit rather then waiting for an opposite cross. Then if we get the opposite cross we can start looking for entries the opposite way.
  • #237
  • Jan 29, 2013 5:39pm Jan 29, 2013 5:39pm
Quoting spyderman
Actually I don't want this thread to be a trading journal or a signal service as mentioned earlier. I think the general concept is pretty straight forward. I certainly don't mind discussing entries in general, but would like to see you all post where you think they should be. That's how you really learn a system.
1/ The short entry should have triggered yesterday on G/N, correct?
And the SL is high of 22/1?

2/ For N/U, is the next long entry shown correct?

2/ How soon to BE a trade?

Thank you for your time, Spyderman.
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  • #238
  • Jan 30, 2013 5:18am Jan 30, 2013 5:18am
HI SPYDERMAN thank you for good system.
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  • #239
  • Jan 30, 2013 5:57am Jan 30, 2013 5:57am
Quoting msia.metal
1/ The short entry should have triggered yesterday on G/N, correct?
And the SL is high of 22/1?

2/ For N/U, is the next long entry shown correct?

2/ How soon to BE a trade?

Thank you for your time, Spyderman.
I always give a few pips above/below the swing high/low. On G/N my entry is just below that 5th candle to the left. Didn't quite trigger.

N/U looks about right. Maybe just a couple pips higher.

I don't move to BE. I set initial emergency stop at 300 pips and then trail order 15 pips behind the 22 MA
  • #240
  • Jan 30, 2013 5:29pm Jan 30, 2013 5:29pm
great performance i wonder how many pips you pi hahahah
focus while relaxed to see better
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