we DONT know where price will go the next second so trust your indicator
- #110
- Edited 9:17am Jul 30, 2013 8:32am | Edited 9:17am
- | Joined Sep 2009 | Status: Trader | 248 Posts
AckelSystem update (3.2 version):
1) Using indicator Ackel_ForceIndexMultiCurrencies (1) to have a comparision between the force of seven currencies in a determined moment.
2) Using SMA 10 in main window (2) to catch dynamic support/resistance points (3) and help to exit (4) a trade.
3) Using M15 timeframe template with H4 (6) and D1 in Minichart indicator.
And I observed that Ackel_InfoLabel_Right (5) indicator have an issue with some brokers and is not showing correctly the GMT and local times (with values like "-4" and "-3" respectivelly. The indy needs be corrected.
1) Using indicator Ackel_ForceIndexMultiCurrencies (1) to have a comparision between the force of seven currencies in a determined moment.
2) Using SMA 10 in main window (2) to catch dynamic support/resistance points (3) and help to exit (4) a trade.
3) Using M15 timeframe template with H4 (6) and D1 in Minichart indicator.
And I observed that Ackel_InfoLabel_Right (5) indicator have an issue with some brokers and is not showing correctly the GMT and local times (with values like "-4" and "-3" respectivelly. The indy needs be corrected.
Aiming 10 pips StopLosses. I am trying train myself to put stoplosses of 10 pips, using 15 min timeframes. This mean I shall be stopped more frequently, but maybe this will be better than be stopped once for -50 pips, hum? I just need adjust the timing.
4 losses, 1 win. Of course the ROI is saving me.
I am a "H1 timeframe" guy and I am having difficulties in this task. Need more time on M15 charts.
There was an amazing oportunity in GBPUSD today.
Stoploss 13 pips above resistance line and round number. This coincides with SMA 10 in main window (orange line).
profit = 53 pips
In indicator window RSI crossed below EMA and bollinger band.
ADX is rising. -DI > 30.
Trailing stop using SMA 10 (orange line in main window), until exit.
Stoploss 13 pips above resistance line and round number. This coincides with SMA 10 in main window (orange line).
profit = 53 pips
In indicator window RSI crossed below EMA and bollinger band.
ADX is rising. -DI > 30.
Trailing stop using SMA 10 (orange line in main window), until exit.
Two good oportunities in GBPJPY today:
There was a resistance in price and a divergence with RSI.
Then ADX began to go up and RSI crossed below EMA and lower Bollinger Band (in indicator window).
The second trade ocurred after a correction.
Price action was the most important factor here. You can see how the candles have descendent wicks (3 of them in each trade, before price acceleration).
The other indicators are favorable and with good risk management you have enough reasons to enter these trades.
Trailing stop followed SMA 10 until exit points.
+56 pips and +43 pips, respectively.
There was a resistance in price and a divergence with RSI.
Then ADX began to go up and RSI crossed below EMA and lower Bollinger Band (in indicator window).
The second trade ocurred after a correction.
Price action was the most important factor here. You can see how the candles have descendent wicks (3 of them in each trade, before price acceleration).
The other indicators are favorable and with good risk management you have enough reasons to enter these trades.
Trailing stop followed SMA 10 until exit points.
+56 pips and +43 pips, respectively.
AUDCAD M15 today:
Sell at 1.9282, below the support line (now resistance line). Stoploss is above a resistance line, 10 pips above. Yes, only 10 pips!
There are not significant support lines, so we should consider reactions in the "round numbers lines".
Trailing stop folowing the SMA (orange) line, until exit, for a profit of 58 pips.
At time of entry, RSI have crossed below EMA and Bollinger Band in indicator window. ADX is rising and >30. +DI is under lvl 10.
A very good "Trade D" setup.
Sell at 1.9282, below the support line (now resistance line). Stoploss is above a resistance line, 10 pips above. Yes, only 10 pips!
There are not significant support lines, so we should consider reactions in the "round numbers lines".
Trailing stop folowing the SMA (orange) line, until exit, for a profit of 58 pips.
At time of entry, RSI have crossed below EMA and Bollinger Band in indicator window. ADX is rising and >30. +DI is under lvl 10.
A very good "Trade D" setup.
- #115
- Edited 8:48pm Jul 31, 2013 8:32pm | Edited 8:48pm
- | Joined Sep 2009 | Status: Trader | 248 Posts
CHFJPY M15:
Risky because of the two resistance lines above entry point.
But indicators (TDI and ADX) and price action in H4 and D1 are interesting.
Stop at SMA 10 (16 pips below entry point).
Lets see.
Risky because of the two resistance lines above entry point.
But indicators (TDI and ADX) and price action in H4 and D1 are interesting.
Stop at SMA 10 (16 pips below entry point).
Lets see.
CHFJPY M15: {image} Risky because of the two resistance lines above entry point. But indicators (TDI and ADX) and price action in H4 and D1 are interesting. Stop at SMA 10 (16 pips below entry point). Lets see.
I could use some automatic trailing stop method here and go to bed, but it is done.
- #117
- Edited 8:36am Aug 15, 2013 7:58am | Edited 8:36am
- | Joined Sep 2009 | Status: Trader | 248 Posts
A recent trade
USDCHF M15
Entered a buy order after a price action at SMA20 (center of Bollinger Bands), in confluence with EMA 55 and a significant support line.
New York was opening and, although the resistance lines above the entry point, I saw an opportunity because the movement in the first bullish candle was fast enough.
SL 14 pips below entry point. TP1 16 pips above entry point, below the third resistance line.
Result: +16 pips.
I missed the whole movement, I could profit about 32 pips, but this was a succesfull trade anyway. No regrets.
P.S. - The yellow line in main window is the ALF_MTF indicator, what I was trying but I think it is redundant. You can use the EMA 144 (purple line) and EMA 233 (red line) to see the major trend. In this picture, you can see how the EMAs are aligned and then EMA 55 comes near EMA 144 before go up again (when I entered the trade). I am using now these EMAs in my system (version 3.3).
USDCHF M15
Entered a buy order after a price action at SMA20 (center of Bollinger Bands), in confluence with EMA 55 and a significant support line.
New York was opening and, although the resistance lines above the entry point, I saw an opportunity because the movement in the first bullish candle was fast enough.
SL 14 pips below entry point. TP1 16 pips above entry point, below the third resistance line.
Result: +16 pips.
I missed the whole movement, I could profit about 32 pips, but this was a succesfull trade anyway. No regrets.
P.S. - The yellow line in main window is the ALF_MTF indicator, what I was trying but I think it is redundant. You can use the EMA 144 (purple line) and EMA 233 (red line) to see the major trend. In this picture, you can see how the EMAs are aligned and then EMA 55 comes near EMA 144 before go up again (when I entered the trade). I am using now these EMAs in my system (version 3.3).
- #118
- Edited 3:35pm Aug 15, 2013 8:21am | Edited 3:35pm
- | Joined Sep 2009 | Status: Trader | 248 Posts
Was once a guy who was on the tenth floor of a building and suddenly tripped and fell from the balcony.
Always the optimist, when he was passing the second floor, said:
" - So far, so good!"
Well, looking at my chart with only 17 days, I can say the same.
So far, so good!
Plus, a 2.19 Profit Factor is not bad at all!
I am optimistic as the guy of the above story, and if my results are still good at 60 days, I shall go to a real account.
- #119
- Edited 5:23pm Aug 15, 2013 3:18pm | Edited 5:23pm
- | Joined Sep 2009 | Status: Trader | 248 Posts
WHY I AM NOT TAKING THIS ONE
GBPJPY M15. Apparently there is a signal to sell, but ...
Mixed signals. ADX, TDI, BB are ok, but the proximity with the support line and EMA 233 keep me out.
Besides this, major trend is bullish.
I am out.
GBPJPY M15. Apparently there is a signal to sell, but ...
Mixed signals. ADX, TDI, BB are ok, but the proximity with the support line and EMA 233 keep me out.
Besides this, major trend is bullish.
I am out.
WHY I AM NOT TAKING THIS ONE GBPJPY M15. Apparently there is a signal to sell, but ... {image} Mixed signals. ADX, TDI, BB are ok, but the proximity with the support line and EMA 233 keep me out. Besides this, major trend is bullish. I am out.
