{quote} My small contribution to this thread, Trading with The Three Dragon by Islander in pdf form. Hope it helps. {image}
Here's a picture for the cover!
- #54,222
- Jul 21, 2013 4:27am Jul 21, 2013 4:27am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} Islander (and the others if needed), could I contribute a Money Management tool is extremely fit to your technique? I am sure (I am using it myself in such conditions), it is helpful. Its parameters are completely fit to the conditions you are trading and moreover you can check and replace the parameters the way you want. The features of the tool are allow one to automatically close a half of a position at 20 pips. B/E is set at this point. Each half of the rest (...of the rest an so on) is closed in the 17% ATR jumping step. Depending on...
Thanks, I'll take a look at it.
As I have mentioned recently, in the current ranging conditions we are often seeing several intra day swings of 30 to 40 pips and thus I will usually be closing out for 20 or so pips a trade. Others may use my ideas for entries, but look for a larger target , perhaps based on the RDH or RDL as shown by the SonicR Control Panel. This is personal choice and adds flexibily in allowing each trader to work out his / her own set of Trading Rules. Either way, my suggested weeky minimum of 250 pips can be achieved with a little practice.
Even with the 50:1 gearing / leverage limit for US traders this still allows good profits to be built up from a $1,000 account. Once consistent mirco pip trades are achieved then moving to single mini pip units make my weekly 250 minimum pips worth $500 - and even a US trader is allowed to double that and trade 2mins / entry = 4 mins / trade....
Trading Levels with WRBs
- #54,223
- Jul 21, 2013 4:37am Jul 21, 2013 4:37am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
@ jim800 & ArtfulDodger - wow - thanks Guys 
If interest continues I will expand a little on the basics - when I have time.....right now I am heading out for the day.....
If interest continues I will expand a little on the basics - when I have time.....right now I am heading out for the day.....
Trading Levels with WRBs
- #54,226
- Jul 21, 2013 8:45am Jul 21, 2013 8:45am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
{quote} My small contribution to this thread, Trading with The Three Dragon by Islander in pdf form. Hope it helps. Thanks ArtfulDodge for the image.File updated. {image}
You too tah, although we passionately disagree with the way you trade, were it not for your coding prowess the crux of the template would not be possible. Abe won the election, I do hope the gap up will not be too severe. In any event, the gap will make an attempt to fill, so there may be a way out yet.
If you are good at something, never do it for free--Joker
- #54,227
- Jul 21, 2013 8:48am Jul 21, 2013 8:48am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
@ jim800 & ArtfulDodger - wow - thanks Guys
If you are good at something, never do it for free--Joker
- #54,228
- Jul 21, 2013 8:52am Jul 21, 2013 8:52am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
{quote} Here's a picture for the cover!
If you are good at something, never do it for free--Joker
- #54,229
- Edited 1:12pm Jul 21, 2013 9:06am | Edited 1:12pm
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #54,231
- Jul 21, 2013 10:33am Jul 21, 2013 10:33am
{quote} My small contribution to this thread, Trading with The Three Dragon by Islander in pdf form. Hope it helps. Thanks ArtfulDodge for the image.
When I downloaded this file ,Acrobat Reader XI did not open this file due to some erroe while downloading.
Can you help find to download properly?
Thanks
arasheed
- #54,232
- Edited 3:13pm Jul 21, 2013 11:29am | Edited 3:13pm
What else to say - learn to read price action on any specific pair and any timeframe in conjunction
with Islanderīs Ema settings.
Edit Tah what happened to your posted pic sent you a pm about this ? My settings etc - following Islanders settings ?
You posted your settings showing a chart - Using What You deemed to be the settings. And then it got deleted by you
H.
with Islanderīs Ema settings.
Edit Tah what happened to your posted pic sent you a pm about this ? My settings etc - following Islanders settings ?
You posted your settings showing a chart - Using What You deemed to be the settings. And then it got deleted by you
H.
"The future is already written in the past"
- #54,235
- Jul 21, 2013 4:25pm Jul 21, 2013 4:25pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Markets open with a gap down for the Yen crosses. Funny how 78% of retail traders are long the yen pairs. They say MM can not control the market.
(I wonder who "they" are?)
- #54,236
- Jul 21, 2013 4:38pm Jul 21, 2013 4:38pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
What else to say - learn to read price action on any specific pair and any timeframe in conjunction with Islanderīs Ema settings.
I decided you'd covered it well enough for both of us. It is not my cup of tea, so I thought maybe I should not rock the boat and that my post was just clutter.
- #54,238
- Edited 5:46pm Jul 21, 2013 4:53pm | Edited 5:46pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
The media has been reporting Friday forward how the YEN would weaken and the UJ would easily hit 105 to 110 yet today all yen pairs gap down. How many got caught on that gap? I am sure the MM will continue their manipulation both long and short seeking those stop losses to book as much as they can to start the week. {image}
G20 agrees to avoid currency wars
By Charles Clover in Moscow, Robin Harding in Washington and Alice Ross in London
G20 nations agreed not to target their exchange rates in search of a competitive edge but the tensions that led to talk of a “currency war” remain.
“We will refrain from competitive devaluation. We will not target our exchange rates for competitive purposes,” the G20 finance ministers said in a statement that echoed a similar call last week from the G7....
Of course the MMs would easily have known this was coming and took advantage last week to put on the pumps to suck in more longs as they continued to build short. And, if "Uncle Abe" and the rest of his "Merry Men" in Japan get their act together and foster the economy in the right direction, of course the YEN will strengthen. The MMs know this, too, because they will "help it along" in that direction.
-tah 
- #54,240
- Jul 21, 2013 5:48pm Jul 21, 2013 5:48pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts