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Trend Runner

  • #61
  • Edited 3:48am May 2, 2013 3:44am | Edited 3:48am
Hi ILZ
you stated: "Once price moves to 30 pips in my favor, even if price has come back, I will place a BE +3 (If possible). "

in the image of post 57, how would your money management have been, after entry? Would you not have been stopped out by this BE+3 rule?

Sorry if I am insisting and I am slow to understand, but I am a stubborn lady and I have no rest until I get the picture clearly!
  • #62
  • May 2, 2013 4:25am May 2, 2013 4:25am
Quoting gaia68
Hi ILZ you stated: "Once price moves to 30 pips in my favor, even if price has come back, I will place a BE +3 (If possible). " in the image of post 57, how would your money management have been, after entry? Would you not have been stopped out by this BE+3 rule? Sorry if I am insisting and I am slow to understand, but I am a stubborn lady and I have no rest until I get the picture clearly!
Hey gaia68,

LOL... It's no problem. That is why we are all here.

In this particular shot we are discussing the EUR/USD. As you know I did not take that trade because I chickened out .

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-02_021751.png Size: 10 KB


This is what would have happened had I taken that trade.

Long @ 1.30920 Initial SL 1.29920

The arrow is pointing at a candle with high of 1.3120 which was only 28 pips. The next tag shows were 30 pips was reached. But after that candle, which had a high of 1.31853 which is over 90 pips. So at the close of that candle I would have had a +9 secured.

Hope that helps.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #63
  • May 2, 2013 4:40am May 2, 2013 4:40am
Thank you ILZ. Sorry, I do not trade currencies and I could not check better: from the first picture I had thought that 30 pips had been reached in the candle where the arrow is, and the trade stopped at the next candle. Thank you for the detailed explanation.
  • #64
  • May 2, 2013 4:45am May 2, 2013 4:45am
Quoting gaia68
Thank you ILZ. Sorry, I do not trade currencies and I could not check better: from the first picture I had thought that 30 pips had been reached in the candle where the arrow is, and the trade stopped at the next candle. Thank you for the detailed explanation.
Hey gaia68,

No need for apology. If you do not ask how are you going to learn?

-ILZ
“Control, control, you must learn control!” - Yoda
  • #65
  • May 2, 2013 8:29am May 2, 2013 8:29am
Hi Ilzalama,

My gold trade , 1st time i have attached a screen shot ,can you guys see it
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
  • #66
  • May 2, 2013 8:31am May 2, 2013 8:31am
Hi Ilzalama,

Now gold has reversed ,the 4 hour candle has not closed so would you have closed the trade , mine is open still
  • #67
  • May 2, 2013 9:47am May 2, 2013 9:47am
Hi Ash,

I have gone through your thread and it is really making sense. Thank you for your information and guidance. I am in forex since last one year demo. Recently I have open live account with FXDD. Today I have taken trade and link is attached. Can you please check and guide me.

Bomi

http://www.mql5.com/en/charts/231910...fxdirectdealer
  • #68
  • May 2, 2013 9:52am May 2, 2013 9:52am
Quoting ashtrader
Hi Ilzalama, My gold trade , 1st time i have attached a screen shot ,can you guys see it {image}
Hi Sorry Ash my apology. I should send it to ilzalama. Anyway can anyone help me out. Also I am waiting for EUR/CHF is it the right time or should I wait more?

Bomi
  • #69
  • May 2, 2013 6:01pm May 2, 2013 6:01pm
Quoting ashtrader
Hi Ilzalama, My gold trade , 1st time i have attached a screen shot ,can you guys see it {image}
Hey ash,

So according to your supertrend, you should HAVE NOT TAKEN THAT TRADE. Supertrend was NOT RED.

Remember. For a SHORT,

1- price needs to CLOSE UNDER 200 SMA

2- Supertrend NEEDS TO BE RED

3- Price needs to CLOSE UNDER RED SUPERTREND

-ILZ
“Control, control, you must learn control!” - Yoda
  • #70
  • May 2, 2013 6:05pm May 2, 2013 6:05pm
Quoting Bomi
Hi Ash, I have gone through your thread and it is really making sense. Thank you for your information and guidance. I am in forex since last one year demo. Recently I have open live account with FXDD. Today I have taken trade and link is attached. Can you please check and guide me. Bomi http://www.mql5.com/en/charts/231910...fxdirectdealer
Hey Bomi,

I would have opened the trade at the start of the new candle, not during the current. But you have the right idea!

-ILZ
“Control, control, you must learn control!” - Yoda
  • #71
  • May 2, 2013 6:18pm May 2, 2013 6:18pm
Hi Ilzalama ,

Thanks for pointing out , I thought price only has to close below the supertrend .

So for shorts it must close below 200sma and price must close below supertrend and supertrend must be RED

for longs price must be above 200sma and price must close above supertrend and supertrend must be BLUE

ONE MORE ? if long does supertrend have to be above the 200sma or it doesnt matter

& if going short does supertrend have to be below the 200sma or it doesnt matter

Hey Bomi , yeah according to me 4hr candle must close, but as Ilzalama said you got the right idea .

I really appreciate it Ilzalama THANK YOU AGAIN
  • #72
  • Edited May 3, 2013 3:26am May 2, 2013 6:30pm | Edited May 3, 2013 3:26am
Trade Update

Short AUD/USD - 1.02815. Current Stop 1.02755. +6.0 Secured

EUR/JPY - NOTHING

EUR/USD - NOTHING

GBP/JPY - NOTHING

(NEW) Long GBP/USD @ 1.55363. Current Stop 1.54363.Long GBP/USD @ 1.52784 stop out +258.6 realized

USD/CAD - NOTHING .Short USD/CAD @ 1.01907 stop out +88.7 realized.

USD/CHF - NOTHING. Short USD/CHF @ 0.93941 stop out +82.0 realized.

USD/JPY - NOTHING

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #73
  • May 2, 2013 6:32pm May 2, 2013 6:32pm
Quoting ashtrader
Hi Ilzalama , Thanks for pointing out , I thought price only has to close below the supertrend . So for shorts it must close below 200sma and price must close below supertrend and supertrend must be RED for longs price must be above 200sma and price must close above supertrend and supertrend must be BLUE ONE MORE ? if long does supertrend have to be above the 200sma or it doesnt matter & if going short does supertrend have to be below the 200sma or it doesnt matter Hey Bomi , yeah according to me 4hr candle must close, but as Ilzalama said you got...

Hey ash,

The supertrend DOES NOT HAVE TO BE above/below the 200 SMA in order for the trade to be verified.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #74
  • Edited May 3, 2013 3:27am May 2, 2013 11:11pm | Edited May 3, 2013 3:27am
Trade Update

AUD/USD - NOTHING . Short AUD/USD - 1.02815 stopped out +6.0 realized

EUR/JPY - NOTHING

EUR/USD - NOTHING

GBP/JPY - NOTHING

Long GBP/USD @ 1.55363. Current Stop 1.54363.

USD/CAD - NOTHING

USD/CHF - NOTHING

USD/JPY - NOTHING

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #75
  • May 3, 2013 3:25am May 3, 2013 3:25am
Trade Update

AUD/USD - NOTHING

(NEW)Long EUR/JPY @ 128.718. Current Stop 127.718

EUR/USD - NOTHING

(NEW)Long GBP/JPY @ 152.561. Current Stop 151.561

Long GBP/USD @ 1.55363. Current Stop 1.54933.

USD/CAD - NOTHING

USD/CHF - NOTHING

USD/JPY - NOTHING

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #76
  • May 3, 2013 7:06am May 3, 2013 7:06am
Hi Ilzalama,

Thanks for the reply. Seeing your trades I feel that besides your all regular conditions, you also considering 200 MA curve, distance between R & S lines and colour of MACD,STR & EMA. Am I right?

Bomi
  • #77
  • May 3, 2013 9:09am May 3, 2013 9:09am
Hi Ilz,

I still dont understand how you make use of your signal bar v3 indicator , have you noticed if you create a profile of several pairs and have signal bar indicator on all the pair templates it freezes mt4
  • #78
  • May 3, 2013 9:28am May 3, 2013 9:28am
Hi Ilz,

I thought jpy trades going sideways ,can you please explain why you took it

same applies for eurjpy ,BUT WELL DONE!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 03-05-2013 15-22-19.png Size: 19 KB
  • #79
  • May 3, 2013 9:31am May 3, 2013 9:31am
I have gone back in your post, I take my words back, price is doing lower highs ,so not exactly sideways , but more like its coiling to go up! So well done ,i should have taken then eur jpy and gbp jpy .
  • #80
  • May 3, 2013 12:16pm May 3, 2013 12:16pm
Long signal.
Attached Image (click to enlarge)
Click to Enlarge Name: aut.gif Size: 25 KB
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