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My Market Order System

  • #341
  • Feb 19, 2014 6:17am Feb 19, 2014 6:17am
Hi Paul

Bugs being worked out in the dashboard signals? I'm a little confused, or maybe I'm not interpreting correctly?

Some examples - see attachments USDJPY (signal not when expected) and AUDCAD (no signal given that I could see).

Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy m5 semaphor.png Size: 40 KB
Click to Enlarge Name: audcad m5 semaphor.png Size: 33 KB
  • #342
  • Feb 19, 2014 6:28am Feb 19, 2014 6:28am
Quoting Whenever
{quote} Very well done Orid. I would be interested in the results of all those trading the original rules on Daily, or H4 (like many here I suppose, I cannot look at charts during the best market hours). Just for my better understanding: * did you set a pending order long about 10 pips above the upper side of the yellow ball or opened manually when price was there ? * are your results based on exiting as per rules (when the opposite ball appears) ? Thank you.
hi whenever,
I'm actually trying to work out whether to pull out on appearance of new ball or trailing stop , or jumping stop ,
still not decided , jumping stop hit on that us jpy I posted at +50 pips , sometimes the trade gos a long way for the good after a new ball appears.
So at the mo if I am in green and new ball appears try to adjust stop accordingly at least 25 pips but prefer 50 pips. or grab what you can if it reverses.
Entering I try to only enter in direction of a no 3 ball ,(misses a lot of good trades) I just try to follow that no 3 ball by around 50 pips or more depending how it looks ,until it reverses . I think from past trades the four hour is very good but im trying to have less screen time so daily for me.
im not good at explaining hope this helps . I try to keep to original rules as much as poss
best regards Orid peter
  • #343
  • Feb 19, 2014 6:40am Feb 19, 2014 6:40am
Quoting orid
{quote} hi whenever, I'm actually trying to work out whether to pull out on appearance of new ball or trailing stop , or jumping stop , still not decided , jumping stop hit on that us jpy I posted at +50 pips , sometimes the trade gos a long way for the good after a new ball appears. So at the mo if I am in green and new ball appears try to adjust stop accordingly at least 25 pips but prefer 50 pips. or grab what you can if it reverses. Entering I try to only enter in direction of a no 3 ball ,(misses a lot of good trades) I just try to follow that...
eg. if I get one like this ,no new ball I keep following with sl of 50 pips.even though against long trend
BUT Big but ,,, I'm no expert
Orid peter
Attached Image (click to enlarge)
Click to Enlarge Name: neww.jpg Size: 370 KB

  • #344
  • Edited 7:19am Feb 19, 2014 6:48am | Edited 7:19am
Oh and this is an example how I follow that no 3 ball, this one is reversing to my stop order
Attached Image (click to enlarge)
Click to Enlarge Name: mmmmmmmmmmmmmm.jpg Size: 369 KB

regards orid peter
  • #345
  • Feb 19, 2014 7:09am Feb 19, 2014 7:09am
Orid, when you say "Entering I try to only enter in direction of a no 3 ball", do you mean, when the 3ball is going up , you enter buy? instead of sell? Kindly please clarify. Thanks!
  • #346
  • Feb 19, 2014 7:16am Feb 19, 2014 7:16am
Quoting mario777
Orid, when you say "Entering I try to only enter in direction of a no 3 ball", do you mean, when the 3ball is going up , you enter buy? instead of sell? Kindly please clarify. Thanks!
Hi Mario .
If the last no 3 ball is above pa , I only enter sells if below pa only enter buys , but that's my own take , and not bobs rules .
Regards orid Peter
  • #347
  • Feb 19, 2014 7:55am Feb 19, 2014 7:55am
Quoting orid
{quote} im not good at explaining hope this helps . I try to keep to original rules as much as poss best regards Orid peter
Thanks, it was quite clear instead.

Nice indicator with Price, pips to HOD/LOD, and so on.

(would you mind to share it ?)

Thank you again
  • #348
  • Feb 19, 2014 9:34am Feb 19, 2014 9:34am
Quoting Whenever
{quote} Thanks, it was quite clear instead. Nice indicator with Price, pips to HOD/LOD, and so on. (would you mind to share it ?) Thank you again
indicator was kindly supplied by bob post 145
  • #349
  • Feb 20, 2014 4:06am Feb 20, 2014 4:06am
well that eur usd hit the order and went backwards for awhile , but now looks ok , hoping for a big move on this one .
regards Orid pete
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.jpg Size: 354 KB
  • #350
  • Feb 20, 2014 11:45am Feb 20, 2014 11:45am
Quoting Paulus
dont normally look at this time period but is a valid setup...I ike 8am to 5pm Uk time really hence the 5min {image}
Its always easy to see this in hindsight, but for whatever its worth:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf h4 support areas.png Size: 45 KB
  • #351
  • Feb 20, 2014 11:58am Feb 20, 2014 11:58am
Quoting orid
well that eur usd hit the order and went backwards for awhile , but now looks ok , hoping for a big move on this one . regards Orid pete{image}
I am in this one too
The round number 1.3700 could act now as support, let's see..

Entered yesterday Usd/Chf as well.

Now interested in managing the trade properly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EurUsd.jpg Size: 182 KB
Click to Enlarge Name: UsdChf.jpg Size: 185 KB
  • #352
  • Feb 20, 2014 7:44pm Feb 20, 2014 7:44pm
That eur usd went back and hit my stop at BE +6 , just entered again manually
Orid Pete
  • #353
  • Edited 11:09pm Feb 20, 2014 9:43pm | Edited 11:09pm
Quoting orid
That eur usd went back and hit my stop at BE +6 , just entered again manually Orid Pete
Hi Pete, I'm in this one for a SELL too. Hopefully it will take off soon.
  • #354
  • Feb 21, 2014 12:17am Feb 21, 2014 12:17am
paulus, you have done a great job by bringing together many ideas starting from bob, and presenting the dashboard. i appreciate your efforts and your willingness to share it with other fellow traders...well done
learn and earn from the ups and downs...of life.
  • #355
  • Feb 21, 2014 12:41am Feb 21, 2014 12:41am
For those who are trading the dailies, I noticed that most of the trades are successful. Patience and giving the trade room to breath is key. I am also on board the EURUSD train, and plan to let the trade take its natural course. So far, for me, some of these trades have taken weeks to come to fruition. I am interested to hear from other people trading the dailies here.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #356
  • Feb 21, 2014 1:08am Feb 21, 2014 1:08am
Quoting shinewel
paulus, you have done a great job by bringing together many ideas starting from bob
Well thanks but really I hope i just reflect the ethos of Forex Factory
Bob had a great idea and shared his idea,some one picks a bit up and runs with it may fall may not some one else picks up another slice and runs with that.

I was doing a course at Liffe in the city when around that time the UK exchange went over to sets electronic trading.I may have my facts a bit twisted here but the guy doing the course said allot of the traders were pushed behind screens away from the open outcry system when the system changed .When on the floor traders would feed off of others traders emotionally ..being part of the group the collective was very important.

Many traders couldnt make it sitting behind the screens it was unemotional cold without feeling..... and could never replicate the same profits.Many fell by the way side ...............I have no experience of this I wasnt a trader in the city ...this is just how this trader laid it out and explianed it for us.

Forex factory gives you the feeling of being part of the group,a team from all over the world with the same one objective .....to beat the beast .....
  • #357
  • Feb 21, 2014 1:26am Feb 21, 2014 1:26am
Quoting Ezzy
For those who are trading the dailies, I noticed that most of the trades are successful. Patience and giving the trade room to breath is key. I am also on board the EURUSD train, and plan to let the trade take its natural course. So far, for me, some of these trades have taken weeks to come to fruition. I am interested to hear from other people trading the dailies here. Cheers Ezzy
I too trade the daily using Bobs original rules and this week I am short GBPUSD with sl moved to break even. Not too confident with this one as it has bounced off the weekly pivot but you never know....
  • #358
  • Feb 21, 2014 2:05am Feb 21, 2014 2:05am
I hear you Aussie, I am also short on GBPUSD, but dont forget it also bounced off MR2, and next week, WP could be placed on a different level.

What you do is a reflection of you....what I do is a reflection of me.
  • #359
  • Feb 21, 2014 2:23am Feb 21, 2014 2:23am
Quoting Ezzy
I am interested to hear from other people trading the dailies here. Cheers Ezzy
Hi Ezzy
I'm trading the dailies with the original rules, which I owe Bob a big THANK YOU for.

I'm using a live account and trade without a stop loss, some of the trades can take over a week to get in profit, but as yet I haven't had a loosing trade. I'm only trading very small lots and as I gain confidence in the system will slowly increase these, but so far my account has grown by about 50% in just over a month.

Martin
  • #360
  • Feb 21, 2014 2:45am Feb 21, 2014 2:45am
Quoting Aussie Phil
{quote} I too trade the daily using Bobs original rules and this week I am short GBPUSD with sl moved to break even. Not too confident with this one as it has bounced off the weekly pivot but you never know....
yes we are all different in our ways Iw as in that gbp usd but chickened out @ + 84 pips
eur usd and usd chf in at mo and looking a little promising
Patience is my big problem . I tend to grab profit and look or wait for next trade .
Martin you are doing fantastic by the sounds, congrats
Thanks here from me also to Bob , Paulus and everyone else here , for a very interesting thread.
Good luck all
regards orid peter
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