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As Easy as "PI"

  • #321
  • Feb 5, 2013 7:39am Feb 5, 2013 7:39am
Quoting Caillou
Yep, 9 of my 10 pairs have pending orders.....USD/JPY and CAD/JPY already fired.

Still thinking about just taking addons trades or not.........

Cheers
Caillou,

What do you mean by "Just". You mean wait for the first pullback?
  • #322
  • Feb 5, 2013 8:37am Feb 5, 2013 8:37am
Very nice Spyderman! Really like what you have here......
  • #323
  • Feb 5, 2013 8:43am Feb 5, 2013 8:43am
Quoting spyderman
Caillou,

What do you mean by "Just". You mean wait for the first pullback?
I mean taking crosses and pullbacks or just pullbacks......I have made a quick visual backtest, sometimes you missed some initial good moves but sometimes taking only pullbacks makes you avoid a lot of losses due to ranging periods.

As always, not easy to say what is the best.

Do you have any conclusion about this?

Thank you

Cheers
  • #324
  • Feb 5, 2013 9:07am Feb 5, 2013 9:07am
Quoting 4xPIPAHOLIC
Very nice Spyderman! Really like what you have here......
Thanks 4x,

That means a lot. Hope we can continue the success.
  • #325
  • Feb 5, 2013 9:10am Feb 5, 2013 9:10am
Quoting Caillou
I mean taking crosses and pullbacks or just pullbacks......I have made a quick visual backtest, sometimes you missed some initial good moves but sometimes taking only pullbacks makes you avoid a lot of losses due to ranging periods.

As always, not easy to say what is the best.

Do you have any conclusion about this?

Thank you

Cheers
Yeah I agree. I've definitely held off on entries on some of the ranging pairs until a pullback confirmation. NzdChf is a good example.

On others, like when I got stopped out of the E/J and G/J a couple of weeks ago, I got right back in at the earliest signal.

So, as with most things, you definitely have to use some discretion.
  • #326
  • Feb 5, 2013 9:13am Feb 5, 2013 9:13am
Quoting spyderman
Thanks 4x,

That means a lot. Hope we can continue the success.
I am sure we can my friend....the only way we can fail is if we give up......
  • #327
  • Feb 5, 2013 10:08am Feb 5, 2013 10:08am
Hi Spyderman

Thanks for your generosity on sharing this simple powerful idea, I hope it continues with lots of other trends.

Just set up a demo and got everything ready to go, probably going to kick of just as the trends change ! Anyhow its long term and we need to jive the system some stress and look at the outcomes.

Can I ask are you able to share the MA trailing stop ?

May the trends never stop

Thanks
  • #328
  • Feb 5, 2013 12:06pm Feb 5, 2013 12:06pm
Hi Spiderman,

This chart is from AUDCAD Daily, it seems that you dont trade this pair? Could you please confirm that a short has been triggered?

Thank you for sharing a very nice strategy...
Mfinab,

http://mfinab.dyndns.org:8000/20130205-785-212kb.jpg
  • #329
  • Feb 5, 2013 12:10pm Feb 5, 2013 12:10pm
Obama is about to talk.... get ready for some movements...
  • #330
  • Feb 5, 2013 12:18pm Feb 5, 2013 12:18pm
Hopefully the japs don't come back to bite me in the youknowwhat..
Attached Image (click to enlarge)
Click to Enlarge Name: trades.PNG Size: 34 KB
Financial independence is what I live for
  • #331
  • Feb 5, 2013 12:40pm Feb 5, 2013 12:40pm
Quoting mfinab
Hi Spiderman,

This chart is from AUDCAD Daily, it seems that you dont trade this pair? Could you please confirm that a short has been triggered?

Thank you for sharing a very nice strategy...
Mfinab,

http://mfinab.dyndns.org:8000/20130205-785-212kb.jpg
If you were trading strictly off of the cross then yes. Some are waiting for the first pullback/continuation to enter, especially on pairs that are coming out of a ranging area.

No, I don't currently have A/C on my radar. It was pretty choppy back in November when I started this and really not setup to trade. I've put it back on my platform but not taking anything on it yet.
  • #332
  • Feb 5, 2013 12:43pm Feb 5, 2013 12:43pm
Hi Spiderman,
This is from you froma previous post.. : As far as the close...you can see in the attached chart, I use an ea that trails my stop in relation to the 22 MA. Here on Eur/Gbp I have it set to trail the MA by 15 pips. The 22 MA right now is at .8411. The trailing stop is at .8396. As price moves up the stop will too. If price moves against me then it will close the trades.

Is this the way you still make on open trades? I read that you got SL out on GJ and another pair... wondering if you modified the way to put SL since that day.

Thanks for you help again Spiderman,

Mfinab,
  • #333
  • Feb 5, 2013 12:47pm Feb 5, 2013 12:47pm
Sorry my english please.

Firt of all thanks spyderman for his work. i'm trying to trade in 1H chart....and there realy is a problem to control all open tradeі.

maybe is a good idea to make EA.....

Why i'm not using 1D .....i dont have a lot of money.



Spyderma, and others, what can you suggest for 1H trading?


(sory if i missed this in topic)
  • #334
  • Feb 5, 2013 1:39pm Feb 5, 2013 1:39pm
Quoting mfinab
Hi Spiderman,
This is from you froma previous post.. : As far as the close...you can see in the attached chart, I use an ea that trails my stop in relation to the 22 MA. Here on Eur/Gbp I have it set to trail the MA by 15 pips. The 22 MA right now is at .8411. The trailing stop is at .8396. As price moves up the stop will too. If price moves against me then it will close the trades.

Is this the way you still make on open trades? I read that you got SL out on GJ and another pair... wondering if you modified the way to put SL since that day....
Actually at that time I was using a 300 pips trailing stop. That's what took me out of G/J and E/J. Since then I've switched to the trailing MA. Had I been using it at that time the E/J would not have closed. The G/J would have.
  • #335
  • Feb 5, 2013 1:51pm Feb 5, 2013 1:51pm
Quoting sefew
Sorry my english please.

Firt of all thanks spyderman for his work. i'm trying to trade in 1H chart....and there realy is a problem to control all open tradeі.

maybe is a good idea to make EA.....

Why i'm not using 1D .....i dont have a lot of money.



Spyderma, and others, what can you suggest for 1H trading?


(sory if i missed this in topic)
I can't suggest anything because I don't trade that low of TF with this. I just don't think you're going to get the trends. Too choppy.
If you can't invest in daily charts, try finding a broker with a micro account that lets you trade $100 positions. At 100:1 leverage you'd only be putting up a dollar for each one.
  • #336
  • Feb 5, 2013 1:55pm Feb 5, 2013 1:55pm
Hi Spiderman

Thank you for the quick reply. I would very appreciate you to be in IRC channel. Is there any other way to stay in contact beside FF ?

Thanks again for your time.

Regards,
Mfinab,
  • #337
  • Feb 5, 2013 2:08pm Feb 5, 2013 2:08pm
Quoting mfinab
Hi Spiderman

Thank you for the quick reply. I would very appreciate you to be in IRC channel. Is there any other way to stay in contact beside FF ?

Thanks again for your time.

Regards,
Mfinab,
I'm not much of a chatter. Too many commitments. Thanks for the invite though.
  • #338
  • Feb 5, 2013 3:06pm Feb 5, 2013 3:06pm
All the JPY pendings have hit. 8 new total orders on the day.
  • #339
  • Feb 5, 2013 3:10pm Feb 5, 2013 3:10pm
Quoting eltax100
Hi Spyderman



Can I ask are you able to share the MA trailing stop ?

May the trends never stop

Thanks

It's a commercial product so don't want to go into it on the thread. You can PM me if you want.
  • #340
  • Feb 5, 2013 5:46pm Feb 5, 2013 5:46pm
Quoting mfinab
Hi Spiderman,

This chart is from AUDCAD Daily, it seems that you dont trade this pair? Could you please confirm that a short has been triggered?

Thank you for sharing a very nice strategy...
Mfinab,

http://mfinab.dyndns.org:8000/20130205-785-212kb.jpg
I have a couple of open trades on the AUD-CAD, see the chart, just on demo, this broker has Sunday candle now but they are working to change to GMT +2 soon, also in my Explorer, don't look too close or ask me any hard questions of the trades there

Attached Image (click to enlarge)
Click to Enlarge Name: 0003.jpg Size: 163 KB
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