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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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  • #790,541
  • Apr 22, 2013 12:27pm Apr 22, 2013 12:27pm
Quoting QuikFlipp
{quote} I expect the short interest will be shown to have increased this week. Thank you for the reply. I enjoy reading these posts in here...some expect a bullish move to 1.31XXX others a test of 1.3. And this posting opinions is truly reflected in the EU PA lol BTW, that pop about hour ago, nothin more than short covering, dont get trapped going long up at these levels. Just my 55 cents
The issue I have with the COT is the end which is Tuesday before the Friday release.

Like a slow indo its behind the current times but still has value because the big boys generally keep/add to their positions over time.
Trade smaller than rational because the market is irrational...
  • #790,542
  • Apr 22, 2013 12:28pm Apr 22, 2013 12:28pm
Quoting EuroTraderJD
{quote} In the vast majority of cases I let the indos tell me. I have a 2 strikes rule. If the PA violates the 5 SMA and/or the 15 SMA that is one/two strikes against the trade. If the RSI3 goes under 50 then that is another. For example in my sub account I have longs only. The most current one is @48. Lets say the PA goes up to 65 and then the 5SMA catches up and at some point the PA goes under the 5 SMA. That is Strike 1. What if the PA stays under the 5SMA and the RSI3 goes under 50...? Strike #2 and I am out. Please remember brother I hyper...
What if you sleep and your system tells you to close your trades, but you miss it (since you sleep) ?

You have an EA which close the trade ? or you wait ?
COT: The precious data ignored
  • #790,543
  • Apr 22, 2013 12:30pm Apr 22, 2013 12:30pm
Quoting QuikFlipp
{quote} I expect the short interest will be shown to have increased this week. Thank you for the reply. I enjoy reading these posts in here...some expect a bullish move to 1.31XXX others a test of 1.3. And this posting opinions is truly reflected in the EU PA lol BTW, that pop about hour ago, nothin more than short covering, dont get trapped going long up at these levels. Just my 55 cents
That is why I post news from various sources. Just like on here no one knows the future. Diverse news is important to keeping an open mind rather than a brain washed one from one source who may be talking their book.
Trade smaller than rational because the market is irrational...
  • #790,544
  • Apr 22, 2013 12:30pm Apr 22, 2013 12:30pm
Quoting EuroTraderJD
{quote} You are welcome brother. I thought this news flash may be relevant to us.

Thanks again for the pyramid setup. I have adjusted it to fit my preferences and have been seeing a higher success rate whilest avoiding those dreaded SL lol

I think this will be a great week, we will see and I will keep you posted on my progress. I may have a couple thoughts i would like to bounce off you later this evening via PM.

Green pips to you and all
"It is not enough to have a good mind; the main thing is to use it well"
  • #790,545
  • Apr 22, 2013 12:36pm Apr 22, 2013 12:36pm
FYI to my brothers.

It has been drawn to my attention the term I use "strike"

I dont mean it as hitting I mean here is I am looking for 2 violations.

hmmn a strike in American baseball is you swing and miss. 3 times missing while swinging at the ball and you are out till your next turn what I mean here is I am looking for 2 violations

Some things get lost in translation.
Trade smaller than rational because the market is irrational...
  • #790,546
  • Apr 22, 2013 12:37pm Apr 22, 2013 12:37pm
Quoting gatorinla
{quote} not true 2964? waiting for a 3096 bounce to S.. s/l above 3128...if all looks correct then, i will enter.. with a small s/l.. if its a 2 humper. the last bounce to 3046+ may be enough.. i am waiting for the better r/r..
also uj s 99.42/53 with a small risk s/o tight.. both in the chop.
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those who can, do. those who cant, talk about those who can
  • #790,547
  • Apr 22, 2013 12:42pm Apr 22, 2013 12:42pm
Quoting EuroTraderJD
{quote} In the vast majority of cases I let the indos tell me. I have a 2 strikes rule. If the PA violates the 5 SMA and/or the 15 SMA that is one/two strikes against the trade. If the RSI3 goes under 50 then that is another. For example in my sub account I have longs only. The most current one is @48. Lets say the PA goes up to 65 and then the 5SMA catches up and at some point the PA goes under the 5 SMA...
..the odds are nearly 100% that Ms Market will visit this level at some point.
This last line is what i meant. How far would you let it go before closing? Might be 100% to return but it could take months.
  • #790,548
  • Edited 12:55pm Apr 22, 2013 12:44pm | Edited 12:55pm
Quoting kuroro001
{quote} I guess when you took the trade in the first place it was for a specific reason ? Has the reason changed ?
Thanks those 2 questions gave me the answer. Yes and No is the answer. The position size was made to close in 24 h, -after he got a HH and a pullback. I am a bit unsure now why does it takre so long to move to 3200 and consolidating to 30000....

I am wondering why didn't ask it from myself. Maybe , because it is unusually to not able to close thre position in profit within 1 market day , lool

Thanks again.
I want to buy PATIENCE
  • #790,549
  • Apr 22, 2013 12:52pm Apr 22, 2013 12:52pm
Ok let me try to respond to your comments bro

My long at 3138 aren't smilling. I should used a SL at 3100. Interest rate rumor is holding my margin busy....

DAMN Ms Market. This is why I trade smaller than rational so I can laugh at her while holding a position.


A lot of times I have saved the position with removing the SL and wait to come back, but sometimes even if is comming back : the not available to trade at full position or the only one direction to trade sometimes can be higher damage to my Equity than an 5% DD, eg missing an 5% DD and a 10% run up.

I know this too so I trade small to limit my DD plus I follow the Price Saturation Zone meaning I dont place too much size at a price level. This also helps with the DD.

My software calcs this but you can use as a rule of thumb the 4H ATR (because I trade the 10M) and adjust it from there if I am going with or against the trend. Less for with trend and more against. The pos are spaced helping reduce the potential DD


With 2 accounts : one for shor one for long not really happs. I am trading from MT4 mobile, than I need 2 devices to not forget the positions

OANDA lets me switch between accounts on thier mobile platform in addition to the desktop version.

Would you close that shit now?

I cant answer this because I dont know all the particulars such as account size, position size, your tolerance to risk.

I have a long @48 and another @ 1.3090 and one more at 1.3196. Am I going to FAIL and BAIL? No because the Euro will revisit these prices at some point and trading small in a pyramid lets me sleep at night while I trade the short side.
Trade smaller than rational because the market is irrational...
  • #790,550
  • Apr 22, 2013 12:54pm Apr 22, 2013 12:54pm
Quoting matheszabi
{quote} Stupid oanda doesn't allow hedge even at eu section , where is permited by law
I have OANDA and do it all the time.

Go to your main account > MAIN MENU > Account > Create Sub Account.

Easy Peasy Lemon Squeezy
Trade smaller than rational because the market is irrational...
  • #790,551
  • Apr 22, 2013 12:58pm Apr 22, 2013 12:58pm
Quoting QuikFlipp
{quote} I use MT4....are you saying you cant hedge your position? I have found that by not usingstop loss on EVERY trade i have more winners than losers....but this has not been backtested LOL
I have real time tested it with my hard earned money and it works with the proper MM.

In over 18 months I have had 1100+ winners and 9 losers.

Although I need to update this and will post actual numbers. Verification if possible.
Trade smaller than rational because the market is irrational...
  • #790,552
  • Apr 22, 2013 1:00pm Apr 22, 2013 1:00pm
Quoting matheszabi
{quote} Oanda will not allow in MT4 either. MT4 is made for Windows, I am poor only a mac I have qnd there isn't friendly . Using phones and tablets instead.
They offer MT4.
Trade smaller than rational because the market is irrational...
  • #790,553
  • Apr 22, 2013 1:03pm Apr 22, 2013 1:03pm
Hi Qatari man,

It looks gbpusd will lead first.My guess is that 1.5280 would be a perfect short for a swing, eurusd has a little more time I guess.

Regards,

Okan

Quoting Qatari man
if one Hour candle close bellow 1.3040 that mean we are going to 1.2977 today or tomorrow
  • #790,554
  • Apr 22, 2013 1:05pm Apr 22, 2013 1:05pm
Quoting EuroTraderJD
{quote} I have OANDA and do it all the time. Go to your main account > MAIN MENU > Account > Create Sub Account. Easy Peasy Lemon Squeezy
Thanks for responses.

Long time ago I have wiped an 1000 usd account in the following case:

I have played with EUR/JPY or USD/JPY, for sure it was the JPY the target and other the account base.
I have used 2 or 3 sub-account as you.
It was a Sharp move of 200 pip in a few hours? or a few candles in 15 min chart. I came home and I have took the profits, and closed all positions, removed Orders and went to sleep.
At the morning I saw I had an order left to another sub-account, which I forgot ( or it was at another booker). The order got filled and account from 22 GMT to 06 GMT...
From than I am using only 1 broker and only 1 account: the 1000$ lesson.

Check my trade explorer: I am using Oanda's MT4, but Oanda doesn't let me to hedge the position in the same account. If you move to Oanda EU ( from Oanda US) then you will escape from FIFO limitations only. Hedge is not allowed, I can't It will close / reduce the size of the opened position.
I want to buy PATIENCE
  • #790,555
  • Apr 22, 2013 1:05pm Apr 22, 2013 1:05pm
Quoting kuroro001
{quote} What if you sleep and your system tells you to close your trades, but you miss it (since you sleep) ? You have an EA which close the trade ? or you wait ?
Sleep hell I trade FX I dont sleep...

No I dont use an EA. Dont trust them. Even though I am a software engineer/database admin I dont trust my money to a computer. Shit can and does happen.

I wouldnt own and automated gun either. I like knowing when to pull the trigger.

Since I live in the USS of A on the east coast and London opens while I am dreaming, I get up in the middle of the night to check the market. You may laugh at this but I drink a big glass of water before bed and call it my Euro Pee...

If the market goes my way then I get out. If not I let it ride. Trading small is always the key.

Sometimes I miss pips but hey I got to sleep a little or it will affect my judgment.
Attached Image
Trade smaller than rational because the market is irrational...
  • #790,556
  • Apr 22, 2013 1:06pm Apr 22, 2013 1:06pm
it's trying 1.3050 but it can't get a grasp. it seems like it wants to head back to 1.3030. just needs a push
  • #790,557
  • Apr 22, 2013 1:08pm Apr 22, 2013 1:08pm
Quoting QuikFlipp
{quote} Thanks again for the pyramid setup. I have adjusted it to fit my preferences and have been seeing a higher success rate whilest avoiding those dreaded SL lol I think this will be a great week, we will see and I will keep you posted on my progress. I may have a couple thoughts i would like to bounce off you later this evening via PM. Green pips to you and all
Great brother I am happy that it works for you.

You mentioned some key things here... adapting it to your preferences...

I always welcome questions and have replied to many of my brothers here and elsewhere.
Trade smaller than rational because the market is irrational...
  • #790,558
  • Apr 22, 2013 1:15pm Apr 22, 2013 1:15pm
Quoting cspip
{quote} This last line is what i meant. How far would you let it go before closing? Might be 100% to return but it could take months.
Brother I have shorts from July of last year @ 1.21xx I have a big tool in my FX toolbox called Patience.

The key again is trading small in a pyramid formation. These are tiny. the first one at the tip of my short pyramid is 0.06%

Some may laugh at the size of my "Tip of the Sword" but when E was 1.37xx I was the one laughing shorting all the way down while keeping my total account balance.

If done right with a reasonable good trading system the wins far out pace any carry I had to pay.

Again what I do is not for everyone.
Trade smaller than rational because the market is irrational...
  • #790,559
  • Apr 22, 2013 1:17pm Apr 22, 2013 1:17pm
Quoting Petro1979
it's trying 1.3050 but it can't get a grasp. it seems like it wants to head back to 1.3030. just needs a push
Are you just trading small tf?

On the weekly I think we need more up before we go down. So test of 1.3090 or 1.3128. US session today is slow due to lack of catalyst. Asia session could take it back up to 1.307X next. And there's a variety of economic data on the burner for tomorrow.
  • #790,560
  • Apr 22, 2013 1:18pm Apr 22, 2013 1:18pm
Quoting EuroTraderJD
{quote} No I dont use an EA. Dont trust them. Even though I am a software engineer/database admin I dont trust my money to a computer. Shit can and does happen. I wouldnt own and automated gun either. I like knowing when to pull the trigger. {image}
Same as me.

One of those shits for me it is the Weidmann rumor at Breaking news.
Those can't be caught via EA.

For a known dataset ( past 10 year forex data) can be written many profitable EA, once I wrote 1. It will have no warranty as in the next month will not fail that EA - and did failed. My 2 or almost 3 month of analyse + coding is 0. Moreover I know I will not buy any EA ever.

At workplace I don't want to show a big forex chart to my boss ... instead of that I can take a look at my phone in each hours for a few min ( 1-3 is enough to check the news and open-close position, but not to check all sub-accounts and orders and what else not... )
I want to buy PATIENCE
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