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As Easy as "PI"

  • #341
  • Feb 5, 2013 6:20pm Feb 5, 2013 6:20pm
Good to see your pips growing

A quick question on entry.
Let us assume it is whatever pair here.

Upon closing 1, the histogram 1 is seen crossing below 0.
So today upon the opening 2, based on your trading rules, one can take an entry for short?

Cheers
Attached Image
  • #342
  • Feb 5, 2013 6:37pm Feb 5, 2013 6:37pm
Hi,

Here is my AUDCAD chart... ok, I entered late when price was a little above the trigger point... but seems to work so far....

http://mfinab.dyndns.org:8000/20130205-8re-52kb.jpghttp://mfinab.dyndns.org:8000/20130205-i0k-92kb.jpg
  • #343
  • Feb 5, 2013 7:21pm Feb 5, 2013 7:21pm
Looks like you've found gold, Spyder! Keep up with the good work
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #344
  • Feb 5, 2013 9:23pm Feb 5, 2013 9:23pm
Quoting msia.metal
Good to see your pips growing

A quick question on entry.
Let us assume it is whatever pair here.

Upon closing 1, the histogram 1 is seen crossing below 0.
So today upon the opening 2, based on your trading rules, one can take an entry for short?

Cheers
Looks good. Plus you got the confirmation pullback and continuation before the cross.
  • #345
  • Feb 5, 2013 11:49pm Feb 5, 2013 11:49pm
Hello SPYDERMAN,
Can you explain how exactly you define your entry?
Is it taking the daily closing price in or do you consider the highlights?
Thanks!
Best regards
Oyapoke
  • #346
  • Feb 6, 2013 5:58am Feb 6, 2013 5:58am
Quoting Oyapoke
Hello SPYDERMAN,
Can you explain how exactly you define your entry?
Is it taking the daily closing price in or do you consider the highlights?
Thanks!
Best regards
Oyapoke
I set my pending entry orders at the start of a new trading day based on the close of the previous day. Especially if you're looking at the MACD, it will repaint during the course of the day. Once the bar closes though, it will be fixed.
  • #347
  • Feb 6, 2013 6:12am Feb 6, 2013 6:12am
I've been looking through some other instruments on my MT4 platform that could be tradable. I'm adding some energies, indexes, commodities and metals in. I'm going to monitor them and if I see some likely entries, go in with a lower position size.

I still want to know why the underlying is moving/trending, not just enter because an indicator says thus and so.
  • #348
  • Feb 6, 2013 9:21am Feb 6, 2013 9:21am
Quoting spyderman
I've been looking through some other instruments on my MT4 platform that could be tradable. I'm adding some energies, indexes, commodities and metals in. I'm going to monitor them and if I see some likely entries, go in with a lower position size.

I still want to know why the underlying is moving/trending, not just enter because an indicator says thus and so.
This is where things start to get a bit murky...... when fundamentals start creeping into a mechanical rule based system things start slipping, you start to analyze too much and those nice emotion free executions start to get clouded by doubt.

Just a thought.
  • #349
  • Feb 6, 2013 10:38am Feb 6, 2013 10:38am
Quoting tradestar1
This is where things start to get a bit murky...... when fundamentals start creeping into a mechanical rule based system things start slipping, you start to analyze too much and those nice emotion free executions start to get clouded by doubt.

Just a thought.
Yeah I hear you. There's a fine line there.

But I've said from the start, I'm using the mechanical to tell me what the fundamentals are dictating. There's always an underlying fundamental reason why the indicators have moved.
  • #350
  • Feb 6, 2013 11:47am Feb 6, 2013 11:47am
Quoting spyderman
I've been looking through some other instruments on my MT4 platform that could be tradable. I'm adding some energies, indexes, commodities and metals in. I'm going to monitor them and if I see some likely entries, go in with a lower position size.

I still want to know why the underlying is moving/trending, not just enter because an indicator says thus and so.
Thanks very much, spyderman!
best regards
  • #351
  • Feb 6, 2013 12:04pm Feb 6, 2013 12:04pm
Hi Spiderman,

Is this the way you do it... when the first reversal candle has not been triggered, you'll add to the other reversal candle?

Thanks
Mfinab
Mfinabhttp://mfinab.dyndns.org:8000/20130206-759-222kb.jpg
  • #352
  • Feb 6, 2013 12:24pm Feb 6, 2013 12:24pm
Quoting mfinab
Hi Spiderman,

Is this the way you do it... when the first reversal candle has not been triggered, you'll add to the other reversal candle?

Thanks
Mfinab
Mfinabhttp://mfinab.dyndns.org:8000/20130206-759-222kb.jpg
No, personally I leave the initial pending order where it was. That's where the market paused, and I want to see it break that area.
  • #353
  • Feb 7, 2013 5:07am Feb 7, 2013 5:07am
Hi Spiderman,

Could you please give me your comment about this chart? and what is the good moment to reverse the trade?
Thank you again....

Mfinab
http://mfinab.dyndns.org:8000/20130207-gh4-291kb.jpg
  • #354
  • Feb 7, 2013 6:14am Feb 7, 2013 6:14am
Quoting mfinab
Hi Spiderman,

Could you please give me your comment about this chart? and what is the good moment to reverse the trade?
Thank you again....

Mfinab
http://mfinab.dyndns.org:8000/20130207-gh4-291kb.jpg
Yeah, I am not in G/A right now. If anything I would have had a short pending below that 1/22 candle. If it continues up and crosses I'll wait for a further confirmation. Especially in view of recent price movement
  • #355
  • Feb 7, 2013 6:46am Feb 7, 2013 6:46am
Hi Spiderman,

Thank you for your quick reply.

Have a nice day
Mfinab
  • #356
  • Feb 7, 2013 9:18am Feb 7, 2013 9:18am
Not a great day so far for PI. Draghi's comments are having a big effect on the Euro crosses and beyond.
You can read about them here...http://www.bloomberg.com/news/2013-0...-auctions.html

Let's hope things turn around.
  • #357
  • Feb 7, 2013 10:25am Feb 7, 2013 10:25am
We go there for sure...don't know that U hang up with longs..exmple eu
Attached Image (click to enlarge)
Click to Enlarge Name: 24a.gif Size: 56 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #358
  • Feb 7, 2013 10:43am Feb 7, 2013 10:43am
Hi,

I started this system at the beginning of the week, a lot of pair has been triggered but now I'm in loss almost everywhere.... only AUDUSD that is positive. I'd say it's a bad luck for me

How is it going for you guys so far?

Mfinab
  • #359
  • Feb 7, 2013 10:49am Feb 7, 2013 10:49am
Quoting mfinab
Hi,

I started this system at the beginning of the week, a lot of pair has been triggered but now I'm in loss almost everywhere.... only AUDUSD that is positive. I'd say it's a bad luck for me

How is it going for you guys so far?

Mfinab

Yep, the same here. Now is when we really will know how the system performs.........:nerd:
  • #360
  • Feb 7, 2013 10:59am Feb 7, 2013 10:59am
Hi Caillou, thanks for replying, I really believe on that kind of system but I think we just got caught at the end of strong trend on most major pair.... It will take days and weeks to get back in positive ''I guess''.

Spiderman is using this system since long time ago, he could tell us what he think about this?

Like now, EURCAD, price as moved below MA22, so I guess we should get out? am I right Spiderman? or we wait until we get the real signal to go short?

Ok, if we wait to get out long from EURCAD, do we need to wait those 3 criterias?

1: MA Cross
2: MACD Cross
3: Reversal Candle (breakout)

Or we just apply #1 and #2 to get out long and go short?

This is what I dont understand yet...

Again, thank you Spiderman to always be active and disciplined like you are on this thread and your account. <------ This give me confident to follow you and trust your system.

Mfinab
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