Buy sell line trading | Page 131 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Difference between buy/sell stops & buy/sell limits 34 replies

how to change buy to sell, sell to buy for EA 1 reply

the buy/buy or sell/sell currency broker?? 5 replies

I am looking for EA to put Buy Stops, Buy limits, Sell limits, and Sell Stops. I will 0 replies

hwo to get rid of teh Buy line and Sell line 2 replies

Attachments: Buy sell line trading
Exit Attachments

Buy sell line trading

  • #2,601
  • Feb 4, 2013 10:38am Feb 4, 2013 10:38am
Quoting 60minuteman
Hi Bryn... yeah I was on nakedforex but nobody seemed interested, so I dropped it...

mmmm... Im really not an expert on the market as such, so would feel wrong advising you. I'm more of a pattern recognition guy really... I think you want to go and check out no brainer trades .com... he seems to know about that sort of thing...

What I will say is, if price is in the right location, i.e the right price, it doesn't matter what time of day or day of the week it is..
Hey 60minuteman...thanks for the feedback. I'll check out nobrainertrades.com.

Yeah, the guys at NFN can be pretty exclusive and like to keep indicators to a real minimum. I trade ideas with them sometimes but don't really fit in. Some pretty smart traders tho.

I like to focus on trend continuation trades, too, like your buy/sell line big shadow method. I was wondering if you have ever used the ADX indicator and if you have any thoughts on it? I really like the ADX... I set it up really high (50+). And, when I get strong signals...I feel really good about getting into trades on pullbacks.

I guess I am just asking if you have used it and whether you think it can be effective? I've attached a sample chart of a fairly clean trend...you can see the strong signal the ADX (50) gives when the red/green lines spread far apart. It is a very basic indicator.

thanks 60mm...take care
Bryan
Attached Image (click to enlarge)
Click to Enlarge Name: aud-yen-adx.gif Size: 30 KB
  • #2,602
  • Feb 4, 2013 12:55pm Feb 4, 2013 12:55pm
What value trailing stop are you using for the 1hr tf...when are you putting it on? I see you use it from time to time from your posts. What's your method?
  • #2,603
  • Feb 4, 2013 1:46pm Feb 4, 2013 1:46pm
Quoting cugir321
What value trailing stop are you using for the 1hr tf...when are you putting it on? I see you use it from time to time from your posts. What's your method?

For longs I trail behind the low of the previous h1...Then I only trail the stop when a new high is made..
tradewith60
  • #2,604
  • Feb 4, 2013 1:57pm Feb 4, 2013 1:57pm
Thanks....just down loaded the trailing by shadows EA....sounds like a plan!
Quoting 60minuteman
For longs I trail behind the low of the previous h1...Then I only trail the stop when a new high is made..
  • #2,605
  • Feb 4, 2013 2:59pm Feb 4, 2013 2:59pm
Interesting comparison to commander indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: 174.gif Size: 50 KB
  • #2,606
  • Feb 5, 2013 10:40am Feb 5, 2013 10:40am
Nice trades everywhere today, especially H1 and M5 entries on the yen pairs in London

M5 EJ trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-02-05 at 16.37.26.jpg Size: 98 KB
tradewith60
  • #2,607
  • Feb 5, 2013 10:44am Feb 5, 2013 10:44am
M5 trade long on GJ this morning... check the R/R on that beauty

if you missed it there was also OB or a CROSS TRADE on H1
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-02-05 at 16.42.29.jpg Size: 95 KB
tradewith60
  • #2,608
  • Feb 5, 2013 12:11pm Feb 5, 2013 12:11pm
Looking for good entry in Gold H1 but didnt found any nice setup.
  • #2,609
  • Feb 5, 2013 12:25pm Feb 5, 2013 12:25pm
Quoting nicloejones
Looking for good entry in Gold H1 but didnt found any nice setup.
yeah was a bit wild on h1 today and nothing really set up properly... needs to break out of this daily box it's in
tradewith60
  • #2,610
  • Feb 5, 2013 1:29pm Feb 5, 2013 1:29pm
Quoting 60minuteman
For longs I trail behind the low of the previous h1...Then I only trail the stop when a new high is made..
Hey 60: When you were trading 4 hr, did you use a 4 hr. trailing stop or did you drop down to the 1hr and use that time frame? Thanks for the help and I love the site
  • #2,611
  • Feb 5, 2013 2:08pm Feb 5, 2013 2:08pm
Quoting bigjim1958
Hey 60: When you were trading 4 hr, did you use a 4 hr. trailing stop or did you drop down to the 1hr and use that time frame? Thanks for the help and I love the site
I would recommend staying on H4...
tradewith60
  • #2,612
  • Feb 7, 2013 6:03am Feb 7, 2013 6:03am
Scalping EJ on M1...
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M1 020713.gif Size: 53 KB
  • #2,613
  • Feb 7, 2013 6:07am Feb 7, 2013 6:07am
Quoting California
Scalping EJ on M1...
Excellent post California. I learn lots from the reasoning for trades you add to the screenshots.
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #2,614
  • Feb 7, 2013 6:25am Feb 7, 2013 6:25am
Quoting fisheggs
Excellent post California. I learn lots from the reasoning for trades you add to the screenshots.
Thank you so much, fisheggs. I hope it is helping you in your trading.

I will add that I pretty much operate on fixed profit targets. For scalping, it is 1R. Tuesday was such an unbelievable day for EJ M1 in terms of range and pa that I went to 1.5R, 2R, and 3R fixed targets. That was a day that paid to be on M1, not M5. I think there were 10 setups that day on M1. Just ridiculous. On days like that, I also trade breakouts on M1. My average risk is 10p on M1. On Tuesday, due to the elevated vol, I was using 14p.
  • #2,615
  • Feb 7, 2013 7:36am Feb 7, 2013 7:36am
Scalping EJ on M5
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M1 020713-2.gif Size: 33 KB
  • #2,616
  • Feb 7, 2013 7:42am Feb 7, 2013 7:42am
Quoting California
Scalping EJ on M5
i'll have some of that too....

OB closed below ma's, momentum entry
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-02-07 at 13.39.52.png Size: 27 KB
tradewith60
  • #2,617
  • Feb 7, 2013 7:47am Feb 7, 2013 7:47am
Quoting 60minuteman
i'll have some of that too....
Right on, my brother....
  • #2,618
  • Feb 7, 2013 7:56am Feb 7, 2013 7:56am
oooh niceness
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-02-07 at 13.55.51.png Size: 33 KB
tradewith60
  • #2,619
  • Feb 7, 2013 8:01am Feb 7, 2013 8:01am
Have you got a TP or you trailing 60?

Quoting 60minuteman
oooh niceness
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #2,620
  • Feb 7, 2013 8:02am Feb 7, 2013 8:02am
Quoting 60minuteman
oooh niceness
3 traders viewing now