Still Basketting

http://i33.tinypic.com/2vtxo5k.jpg

ok mens,....the friday has finished and and i rape my first rules.

but the question is that i took my entrance looking 1h chart,....

http://i35.tinypic.com/4kwodh.jpg

possible support??

that we will see on monday...

happy weekend!

Thanks a lot

somebody can open a thread in interactive trading section, or is best open in other side?

is for not contamine more this mr. KOS thread....

regards!

Good to see that some guys are still active. I am still doing well with the system. Some days and weeks are better than others, of course. The main thing to learn is that there are going to be whipsaws and all the other stuff, but if you are patient and keep taking the trades according to the system you will be profitable overall.

One thing that has caused me some problems lately is that I will get into a trade, then it will get into profit enough to cause the stop to be moved to BE and soon afterward the market volatility causes price to pull back enough to hit the BE stop before it moves on. This has cost me some profits. The BE is good protection, but there needs to be some balance between moving it too soon and not moving it soon enough.

I used 150 pips for some time, but that didn't seem to be enough so I increased it to 175 pips and that still wasn't enough. I don't want to move it too far out, but you have to give the market enough room to move.

If you notice, there are times when price can move 300 pips in 15 minutes, and sometimes it takes hours. So, I"m looking into some way of tying the BE to the market volatility, but I"m not sure how to do it. It would seem that it needs to be a different amount during different market conditions. I have been looking at something around ATR 5 but I don't know yet.

Anyone thinking about this idea?

This happens only in whipsaw. Your concern is after the initial move the market returns back to hit the BE. BE is good only when you are not watching the market. The ea gives you visual stop and take profit. With these you can determine your stop loss level based on support resistance and trend lines. Alternatively you can close all the orders on hitting the Kijunsen of ichi. Kijunsen is the 26 period average and kind of exit indicator. Just check these out. Could be a solution some where in these.

FxOptimu$

Hi Dave, I've missed out on a lot of runs recently for this same reason and that's with me using a 200 pip BE. I can't watch the trades generally as being UTC+10 I'm in bed shortly after most trade signals. I think you'll find ATR wont work as often price stagnates with small candles before a signal. This would average out to a small ATR I would have thought. In saying this I've not thrown an ATR on my chart to compare. I was thinking of working my way back through each signal this year that hit BE to check what the average retrace was before the trade continued in the right direction.

Hi All

I am waiting to enter long on retracement. HAS confirmed buy signal. The market is presently testing 61.8 Fibo level. I expect retracement down up to the Pivot level before moving up. Also notice that the market is just coming out of kumo(in lighter shade) cloud in H4. Also notice the Ichi indicator on right hand corner showing 12 up arrows. The rule is it should show 13 up arrows minimum to enter long. So the set up ideal to go long. The long entry I expect to go up to R2 level before a small retracement there. I also expect the market to test the level 203.6 resistance several time before breaking for a massive upward move. However, I am prepared to expect the unexpected. Trailing stop for the long entry going to be the red line which Kijunsen 26 period average. Let us watch how the market responds to our expectations.

FxOptimu$

u see a reentry posibility here?

15 min chart

http://i35.tinypic.com/35mqqug.jpg

it does not look so

As expected the market came down to the pivot point. I am long. Let's see how the market reacts. There is a support of Senkou span A at 184.00. Stop loss for this long entry is 183.00.

FxOptimu$

Hi Peter

Here is the Ichi monitor.

FxOptimu$

does it need H4, day and weekly charts open to run?

By the way, could there be another triangle squeeze forming?

No need. It calculates using the data from all time frames.

FxOptimu$

Yes, there appears to be a triangle.

FxOptimu$

optimus, whats this r/S indi?

can u upload please??

http://i36.tinypic.com/34hsw8m.jpg

im bored....waiting for whats the price want to do....

Thanks for the indicator, FX-Optimus & for the continuing trading commentary & observations on

the charts by yourself & the other contributors. They are all very informative.

Thank you

Larfa

Do you mean Support / Resistance? If so, it is the Pivot Point Indi, which I already uploaded in my post #3719 in page 248.

FxOptimu$

Market is indecisive for the past 4 hours.

FxOptimu$

http://i34.tinypic.com/2wftwf6.jpg

im short.

EDIT:

thanks optimus..