Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

Is the "system" part really so easy to come by? 86 replies

Is there an "easy" way to trade on Forex? 98 replies

Doing things the "easy" way = failure? 8 replies

Attachments: As Easy as "PI"
Exit Attachments

As Easy as "PI"

hey look eurcad is in fibo 38.2 level, so maybe waith for decision...U can switch on 4h and monitoring it but dont think that at close us session and asia we will have solution
I think U can trade with this trend fallow system on 4h timeframe with a lot of succes and U will fell this system
its only may opinion

thug
Attached Image (click to enlarge)
Click to Enlarge Name: 24a.gif Size: 56 KB
The market was bullish, turned bearish, and you'are brokish!!!
this screen , sorry
Attached Image (click to enlarge)
Click to Enlarge Name: 25a.gif Size: 33 KB
The market was bullish, turned bearish, and you'are brokish!!!
Quoting Caillou
Yep, the same here. Now is when we really will know how the system performs.........:nerd:
Dead right Caillou. This may be a trend change but many may turn right back around. The Jpy pairs aren't even close to the 22 MA yet.
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
Sorry to hear that mfinab. The reality is, that is to be expected to a degree. I too started out in the red...still am based solely on my balance. It's the equity from the longer term successful trends that keep it positive. You haven't had time to build up those orders.

Reread the beginning of post #1 and #5.
Hi Spyderman

I am trading with a very small account because I find that I am not careful enough with a demo account.

My first ever 100 pips were made on the USDJPY and this made me feel like a winner after all the losses.

Due to the time zone I only check my charts the next morning early and sometimes it helps me better to analyze

the situation then.

Thank you for your patients with us. Are you still busy with the order flow study? A 14 page pdf is attached if you are interested which

was a free study that was done in 2008
Attached File(s)
File Type: pdf Breedon_Ranaldo_20081205.pdf   236 KB | 697 downloads
Quoting jmcl
Hi Spyderman

I am trading with a very small account because I find that I am not careful enough with a demo account.

My first ever 100 pips were made on the USDJPY and this made me feel like a winner after all the losses.

Due to the time zone I only check my charts the next morning early and sometimes it helps me better to analyze

the situation then.

Thank you for your patients with us. Are you still busy with the order flow study? A 14 page pdf is attached if you are interested which

was a free study that was done in 2008
Good deal JMCL,

Yeah I'm still working on incorporating the order flow mentality. Going through an extensive course now. Really helps the confidence level having some feel for what's going on behind the charts. Like the JPY crosses. We're seeing quite a retracement, but all the global macro sentiment still points to a weak Yen. We shall see.
Good luck with the course, is it via the internet?

If so please forward the info

Thanks
I've gotten my ass handed to me...
Attached Image (click to enlarge)
Click to Enlarge Name: ass.PNG Size: 48 KB
Financial independence is what I live for
Hi Spiderman,

Some charts are now touching the MA22 on a retracement, ex: Eurjpy, GbpUSD, EurAud... Any thoughts? Do you plan to get out soon and wait for another signal?

Mfinab,
Quoting mfinab
Hi Spiderman,

Some charts are now touching the MA22 on a retracement, ex: Eurjpy, GbpUSD, EurAud... Any thoughts? Do you plan to get out soon and wait for another signal?

Mfinab,
I've set my closing EA with a 15 pip buffer, so they will close if price crosses the MA by 15 pips. I've had several close but the JPY pairs are still going. My E/A isn't showing close to the MA yet.
Quoting smatthew
I've gotten my ass handed to me...
Yeah, I'm getting pounded right now as well. The Euro is definitely taken a hit. Draghi's words this week were not taken well. I would not be suprised to see the Eur crosses start heading south.
Quoting jmcl
Good luck with the course, is it via the internet?

If so please forward the info

Thanks
It's an online course. You can PM me if you want the details.
Spyderman

Assume one is at the opening hour of the day and a chart is looked like the attached.
What would be your general trade philosophy when see such chart?

Thanks for your comment.

Cheers
Attached Image
Quoting msia.metal
Spyderman

Assume one is at the opening hour of the day and a chart is looked like the attached.
What would be your general trade philosophy when see such chart?

Thanks for your comment.

Cheers
Well just looking at the chart shown, it looks like I might have a nice entry spot just above that 1.5315 recent high. You've got some nice movement and you may be catching some action at the 1.5300 mark. I'd still want to look back a bit at previous market movement and study what's going on with the currencies involved. Looks like Gbp/Aud...
Quoting spyderman
Well just looking at the chart shown, it looks like I might have a nice entry spot just above that 1.5315 recent high. You've got some nice movement and you may be catching some action at the 1.5300 mark. I'd still want to look back a bit at previous market movement and study what's going on with the currencies involved. Looks like Gbp/Aud...
Thanks for your comments.

In addition to the trading method, one should possess a well understanding in the currencies of the countries involved, if I read your comments in above and previous posts. THIS is the area I am weak, or rather to say I need to "catch up" a lot

(yes it is G/A)
Quoting msia.metal
Thanks for your comments.

In addition to the trading method, one should possess a well understanding in the currencies of the countries involved, if I read your comments in above and previous posts. THIS is the area I am weak, or rather to say I need to "catch up" a lot

(yes it is G/A)
I am definitely of the mind set that understanding the underlying market sentiment is of great importance. I'm moving more and more to an Oder Flow mentality.
Quoting spyderman
I am definitely of the mind set that understanding the underlying market sentiment is of great importance. I'm moving more and more to an Oder Flow mentality.
Don't mind to share... what is the "order flow?" A trend (may be not)?
Spyderman

With the chart, is line 1 the appropriate entry?

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: q.gif Size: 82 KB
Quoting msia.metal
Spyderman

With the chart, is line 1 the appropriate entry?

Regards
I would be at line 2
Quoting msia.metal
Don't mind to share... what is the "order flow?" A trend (may be not)?
Order flow is just that. It's the flow of the buy and sell orders that come into the market. Every time you enter a buy or sell order, you contribute to the order flow. Now you and I don't trade enough to even pretend to cause a blip in the market. But there's big money out there...central banks, hedge funds, sovereign nations...that can and do. Or if you get enough smaller players all doing the same thing.

Take a look at the chart here for Usd/Cad this morning. No fibs, trend lines, pin bars, or for that matter "PI" moving averages that caused that price action There was a couple of news releases that caused an massive influx of orders into the market. A lot of money decided in a short period of time that it would be a good idea to be long US dollar and short Loonie. (Made a nice straddle spread trade on that release this morning too...but that's another story... )

That's order flow. Sometimes its quick and over, sometimes it lasts for weeks or months (Yen weakness)
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 99 KB
0 traders viewing now