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  • #1,021
  • Mar 26, 2013 5:01am Mar 26, 2013 5:01am
Quoting Pipsninja
Thanks again Favorite. I had a question regarding your comment on my -8 pip trade with the price being above your Ichimoku. My short entry was at 7:24 according to my platform time. I am attaching both pics for comparison with your template and mine. I would appreciate your comments mate.
Hello all

Pipsninja, you are right, in my chart the price is above Ichimoku
But i wont take that trade because is to close to the lower band of TMA.
Today i`m filtering even more this system with with the position regard TMA band

Green pips
Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,022
  • Mar 26, 2013 5:02am Mar 26, 2013 5:02am
Quoting Pipsninja
Thanks Favorite for the detailed response.
Sure! Any time!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,023
  • Mar 26, 2013 5:07am Mar 26, 2013 5:07am
Quoting Simonik
i wont take that trade because is to close to the lower band of TMA.
Today i`m filtering even more this system with with the position regard TMA band
Simonik, good for you!

If somebody can filter the entries judging by the distance between the price and the TMA band - that's great and that's what I recommend! Unfortunately not all traders are as patient as you and I are! But evaluating the trade according to this distance is a very good habit!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,024
  • Mar 26, 2013 5:08am Mar 26, 2013 5:08am
Quoting Favorite
Sure!

Page 62, post #930:
http://www.forexfactory.com/showthre...49#post6543449

The post contains the templates, the indicators and the rules and explanations too!
Thank you Sir !
  • #1,025
  • Mar 26, 2013 5:10am Mar 26, 2013 5:10am
Quoting juicyt
hope to get involved real soon.
juicyt, that would be great!

And Welcome Aboard!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,026
  • Mar 26, 2013 5:11am Mar 26, 2013 5:11am
very important the Favourite noticed, places where the price doesn't do the next maximum or a minimum, thanks are important..... therefore I can sometimes enter in bye and under a cloud.... but it is careful.... +20
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man is capable of much, only not everyone knows, on what he is capable
  • #1,027
  • Mar 26, 2013 5:13am Mar 26, 2013 5:13am
Quoting gtudor
Thank you Sir !
You are welcome!

But when somebody calls me "Sir", I usually get nervous and ask: "Are you talking to me or to my granpa Al?"
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,028
  • Mar 26, 2013 5:27am Mar 26, 2013 5:27am
I just wanted to let you all know that Favorite on page #62, post #930 has explained his method with all the indicators and templates. I had missed this post.
Trading can't be taught but it can be learned
  • #1,029
  • Mar 26, 2013 5:36am Mar 26, 2013 5:36am
Quoting Favorite
sunhoyu, I think we can have something like 6-10 good entries per day per currency, depending on the day (day of the week, daily range, news/no news etc.)

Right now I trade only EURJPY, but I was watching EURUSD and GBPJPY for a little while, they both would do just fine.

Maybe one of the programmers would be able to create a Dashboard, so it would be possible to watch a lot of currencies. But I understand it is a very big maybe, the system is pretty complicated, especially M1 Price Action. But one of the patterns I'm going to show this...
wow! this system is really something!

i took three trades with using the last swing high or low and i took profit when the price touch the TMA the result is -5+5+11=+11 pips

it seems working great and i dun know if currency strength work for other traders,

but i think use the currency strength to trade the pairs (strongest two and weakest two) can be a filter when we first open the MT4 to trade

and it can avoid some very tight range to trade then reduce small losses, but of course it depends on the action

I think this system use swing high low as SL is ok, i will be testing more!

Also, I would like to hear about how you avoid to trade tight range like the second week of this month with this system,

that was a disaster if the price is not moving enough
  • #1,030
  • Mar 26, 2013 5:41am Mar 26, 2013 5:41am
Quoting sunhoyu

Also, I would like to hear about how you avoid to trade tight range like the second week of this month with this system,

that was a disaster if the price is not moving enough
Today EU range is 45 pips....but if you aim for small tp, is ok..
Patience and focus is important in such days...i think...
Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,031
  • Mar 26, 2013 5:52am Mar 26, 2013 5:52am
Quoting Arnold49
Hi Kosmo,

I use LVOE all the time on live trades, wouldn't be without it.

Steve.
Thanks, Steve! That's good news
mind over matter
  • #1,032
  • Mar 26, 2013 5:52am Mar 26, 2013 5:52am
Quoting Favorite
You are welcome!

But when somebody calls me "Sir", I usually get nervous and ask: "Are you talking to me or to my granpa Al?"
Thanks again !
  • #1,033
  • Mar 26, 2013 6:04am Mar 26, 2013 6:04am
Quoting zapad13
very important the Favourite noticed, places where the price doesn't do the next maximum or a minimum, thanks are important..... therefore I can sometimes enter in bye and under a cloud.... but it is careful.... +20
Very good, zapad13, it is one of the options!

I wouldn't recommend it to everybody because you have to know exactly what you're doing!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,034
  • Mar 26, 2013 6:06am Mar 26, 2013 6:06am
Quoting Pipsninja
I just wanted to let you all know that Favorite on page #62, post #930 has explained his method with all the indicators and templates. I had missed this post.
Thank you, Pipsninja! I hope when we finish improving the system, DNA would place the most important links in the first post.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,035
  • Edited 6:26am Mar 26, 2013 6:14am | Edited 6:26am
Quoting sunhoyu
wow! this system is really something!

i took three trades with using the last swing high or low and i took profit when the price touch the TMA the result is -5+5+11=+11 pips

it seems working great and i dun know if currency strength work for other traders,

but i think use the currency strength to trade the pairs (strongest two and weakest two) can be a filter when we first open the MT4 to trade

and it can avoid some very tight range to trade then reduce small losses, but of course it depends on the action

I think this system use...
sunhoyu, using the last swing high or low is a good idea, but I think we have to pay attention to the Ichimoku cloud's borders too. I think in a week or two, when we have more experience with this system, we'll be able to decide about the SL.

Using currency strength is an excellent idea, and even if we won't get a Dashboard, we'll be able to choose the best trades.

As to the tight range - I agree with Simonik, we'll do just fine if we follow the rules and adjust our targets, and TMAs help us to do it at any day.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,036
  • Mar 26, 2013 6:21am Mar 26, 2013 6:21am
How is DNA? It is ok? Anybody now?
Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,037
  • Mar 26, 2013 6:22am Mar 26, 2013 6:22am
Quoting Favorite
sunhoyu, using the last swing high or low is a good idea, but I think we have to pay attention to the Ichimoku cloud' borders too. I think in a week or two, when we have more experience with this system, we'll be able to decide about the SL.

Using currency strength is an excellent idea, and even if we won't get a Dashboard, we'll be able to choose the best trades.

As to the tight range - I agree with Simonik, we'll do just fine if we follow the rules and adjust our targets, and TMAs help us to do it at any day.
my first system was H1 with ichimoku, if we use ichimoku, actually according to my experience, the SL should be the opposite cloud, when price close the opposite cloud we get out or we can also set the SL on the opposite side of the cloud line.

for currency strength, i would really suggest everyone to trade that way, coz like today eurusd just have small range today, but then if we look at the number of the strength u would stay out and trade eur/jpy instead and make tons on pips even just now was good!

i think the TMA already did the work for us like u said so TP is not an issue to us

guys labor of division!
  • #1,038
  • Mar 26, 2013 6:25am Mar 26, 2013 6:25am
Quoting Simonik
How is DNA? It is ok? Anybody now?
I'm sure DNA will be back in a little while, as far as I understand he just has his hands full with his family matters at the moment.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,039
  • Edited 8:48am Mar 26, 2013 6:32am | Edited 8:48am
Quoting sunhoyu
my first system was H1 with ichimoku, if we use ichimoku, actually according to my experience, the SL should be the opposite cloud, when price close the opposite cloud we get out or we can also set the SL on the opposite side of the cloud line.

for currency strength, i would really suggest everyone to trade that way, coz like today eurusd just have small range today, but then if we look at the number of the strength u would stay out and trade eur/jpy instead and make tons on pips even just now was good!

i think the TMA already did the work...
Yes, I think you're right, we don't have to worry about TP any more, so we can concentrate on the SL. The way I can see it right now - we probably have to have two figures, from high/low and from Ichimoku cloud, and take the smaller of them as our SL. But as I said, we need at least a couple of weeks to watch the system's work.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,040
  • Mar 26, 2013 8:08am Mar 26, 2013 8:08am
Quoting Arnold49
Hi Kosmo,

I use LVOE all the time on live trades, wouldn't be without it.

Steve.
Steve, one more question if I may.

Is it safe in case of platform or internet disconnections? I know that when you drag the lines on the chart the price in the terminal adjusts automatically. But is that the case on the broker's side?
mind over matter
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