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Simple High Probability Trading

  • #141
  • Nov 6, 2013 8:50pm Nov 6, 2013 8:50pm
hi Nexas,

Just wanted to know if i am following ur strategy right??? i have attached the chart(arrows indicate my entries followng the moving average which tells the trend and the CCI for trigger. Please do have a look...ur response will be much appreciated.


Regards

Dennis
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm2.png Size: 34 KB
  • #142
  • Nov 6, 2013 10:01pm Nov 6, 2013 10:01pm
Quoting Nexas
Hi Bluejack, Yes of course. I will post charts in the future as oppose to just text. Thanks Nexas
Thank You..
  • #143
  • Nov 7, 2013 1:58am Nov 7, 2013 1:58am
Quoting dennis4u15
hi Nexas, Just wanted to know if i am following ur strategy right??? i have attached the chart(arrows indicate my entries followng the moving average which tells the trend and the CCI for trigger. Please do have a look...ur response will be much appreciated. Regards Dennis {image}
Hi Dennis,

It looks good to me. Is there any reason on the second one you weren't in earlier?

Thanks


Nexas
  • #144
  • Nov 7, 2013 3:09am Nov 7, 2013 3:09am
hi Nexas,

Firstly thanks for the reply...i was a bit unsure with the second trade as i felt that the trend may change since the price had gone below or broken the previous swing low...i waited for a while and when two more bullish candles appeared thats when i decided to enter...the other problem i am facing is when to exit...for now i am just using previous swings or the S&R. could you advice me a bit on the exit please as thats where we can win or lose.

Regards

Dennis
  • #145
  • Nov 7, 2013 3:20am Nov 7, 2013 3:20am
Quoting dennis4u15
...the other problem i am facing is when to exit...for now i am just using previous swings or the S&R. could you advice me a bit on the exit please as thats where we can win or lose. Regards Dennis
Nexas can reply on this as well, but I thought I'll give my opinion. I think firstly what is most important is to aim for 1.5R - 2R. This way your win ratio can be below 50% and you'll still come out on top. After you've done a large enough sample of trades, combined with some backtesting results, you can analyze the data and determine whether you should change your TP. (Reduce or increase your R ratio.) You can also perhaps work on a trailing SL method in order to ride the runners.
  • #146
  • Nov 7, 2013 4:20am Nov 7, 2013 4:20am
I'm looking to get short the EURSEK... need a nice pullback!

Attached Image (click to enlarge)
Click to Enlarge Name: EURSEK.png Size: 39 KB
  • #147
  • Nov 7, 2013 4:21am Nov 7, 2013 4:21am
Hi Dennis,

PTR pretty much nailed it... you are looking for a good risk reward... so 1.5 - 2 to 1 is good... generally I will exit a position if I get two candles in the opposite direction in any case though.

Nexas
  • #148
  • Edited 5:23am Nov 7, 2013 5:03am | Edited 5:23am
Quoting Nexas
The pairs I trade at the moment on a day trading basis are
EURNOK
EURSEK
EURAUD
EURUSD
AUDUSD
USDJPY
GBPUSD
GBPJPY
For longer term trades I will look at anything. Nexas
Does anyone here have experience with NOK, SEK, DKK pairs? Nexus likes EURNOK and EURSEK, but I'm not familiar with their spreads or whether there are other cross pairs worth analyzing ...... considering the extremely low volatility in the major pairs this year.
Attached Image
No longer trading forex. Looking for full time job.
  • #149
  • Nov 7, 2013 6:03am Nov 7, 2013 6:03am
Quoting mmaker
Does anyone here have experience with NOK pairs?
Only with NOK ... air

Attached Image

Attached Image


PS: Nok in Thai means bird ... and is a low cost air company ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #150
  • Nov 7, 2013 6:41am Nov 7, 2013 6:41am
Hi Guys and Girls,

Here are the trades on the EURSEK... perfect trades... just wait for the momentum!

Hopefully this helps... with me highlighting it first and then showing you the charts once im done trading... let me knwo..

Nexas

Attached Image (click to enlarge)
Click to Enlarge Name: EURSEK.png Size: 60 KB
  • #151
  • Nov 7, 2013 6:42am Nov 7, 2013 6:42am
Quoting mmaker
{quote} Does anyone here have experience with NOK, SEK, DKK pairs? Nexus likes EURNOK and EURSEK, but I'm not familiar with their spreads or whether there are other cross pairs worth analyzing ...... considering the extremely low volatility in the major pairs this year. {image}

The spreads are around 10 pips and I use a 20 pips range charts for these... I also cut my position size right down as they move so quickly and can gap in price which can be costly...
  • #152
  • Nov 7, 2013 6:42am Nov 7, 2013 6:42am
Quoting FerruFx
{quote} Only with NOK ... air {image} {image} PS: Nok in Thai means bird ... and is a low cost air company ...

Love it!!!
  • #153
  • Nov 7, 2013 7:37am Nov 7, 2013 7:37am
i like renko trading and i am following this thread

i saw this video
Inserted Video


any comments on this video
  • #154
  • Nov 7, 2013 9:38am Nov 7, 2013 9:38am
Quoting Nexas
Hi Guys and Girls, Here are the trades on the EURSEK... perfect trades... just wait for the momentum! Hopefully this helps... with me highlighting it first and then showing you the charts once im done trading... let me knwo.. Nexas {image}
Nexas,
Perfect Example.. Thank You...
  • #155
  • Nov 7, 2013 2:06pm Nov 7, 2013 2:06pm
Well what a day today! I didn't catch everything but there were sooooooo many opportunities today.

Please tell me some of you caught some of the moves?
  • #156
  • Nov 7, 2013 2:54pm Nov 7, 2013 2:54pm
Quoting Nexas
Well what a day today! I didn't catch everything but there were sooooooo many opportunities today. Please tell me some of you caught some of the moves?

beutiful day today. and its not finished as far as i see it.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #157
  • Nov 8, 2013 2:34am Nov 8, 2013 2:34am
Quoting Nexas
Well what a day today! I didn't catch everything but there were sooooooo many opportunities today. Please tell me some of you caught some of the moves?
Wednesday I decided not to trade this system for the rest of the week due to all the news releases. It obviously wasn't the best decision!

I haven't looked at the charts yet, so not sure what I've missed. I'll look into it over the weekend and regroup next week.
  • #158
  • Nov 8, 2013 6:41am Nov 8, 2013 6:41am
Quoting Nexas
My entry signals are very easy... I just wait for a pull back and then for two consecutive candles back in the direction of the trend. I place my stop behind the swing high and look for a target of over 1:1 So if you look at the previous post you will see that the arrows are pointing to two consecutive candles in the direction of the longer term trend in the same instance as we get the CCI setup. If these happen together we are good to go! Next I will talk about price action. Up til now I have talked about the technicalities and science of the system...
Hello, Mr Nexas, may i wish to point out that my cci 7 looks different compare to yours, that look upper part-uptrend, lower portion with a different color-downtrend. However, my cci 7, looks different- only with readings fro o-200. plks advise me on how to download your type of cci7, thank you.
  • #159
  • Nov 8, 2013 8:50am Nov 8, 2013 8:50am
can't used range bars with my mt4 because it froze my computer. >.< do I need to upgrade my computer? >.<
  • #160
  • Nov 8, 2013 8:58am Nov 8, 2013 8:58am
Quoting faststare08
can't used range bars with my mt4 because it froze my computer. >.< do I need to upgrade my computer? >.<
What kind of range bars size are you using ?

Generally the smaller the size, the higher are the pc ressources needed.
MT4/MT5 EAs/Indicators/Alerts coder
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