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My Market Order System

  • #501
  • Mar 7, 2014 1:59am Mar 7, 2014 1:59am
Orid,

Has the S3 moved along with price? I wasn't watching this pair but here is my chart, different broker, I use New York close. My observations are.. candle hasn't broken and you would be heading into support directly below I like to see some space for price to go, before you take a trade draw in the next area of support or resistance if it looks fairly strong and is too close pass.
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  • #502
  • Mar 7, 2014 2:36am Mar 7, 2014 2:36am
Ok I have closed AUDCHF as the first area of support seems to be holding for now, that inside bar also didn't carry through.
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  • #503
  • Mar 7, 2014 2:47am Mar 7, 2014 2:47am
What about AUD daily? In a downtrend ---got the 3 ball retrace.
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We are all One. Be present. Be the Observer
  • #504
  • Mar 7, 2014 3:08am Mar 7, 2014 3:08am
Hi Iamfx,

This is just my take... Yesterdays bar is very strong and today we continue to push above resistance I would like to see some clear price action that would go hand in hand with the S3 on Monday, ideally a pin bar reversal closing below resistance, the only way that's going to happen is if we keep pushing up from here and we sell of hard later, possibly with NFP that could happen.
Attached Image (click to enlarge)
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  • #505
  • Mar 7, 2014 3:11am Mar 7, 2014 3:11am
im just trying this on demo so i placed a lot of orders before i went to bed yesterday. But is not looking good:

Went in on yellow line , the 3 disc was at that time at the candel marked with blue. Order was only 3 pips away of 3disc candel. Next time i set order atleast 5-10 pips under 3disc candel.
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The same thing on AUDUSD order was placed at yellow 3 disc was at blue arrow. Also order was only 2 pips under 3 disc candel...

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If i yould have placed the order 5-10 pips under the 3 disc candel it would not have triggerd the 2 order ... but still learning. But my orders where valid entries or ?

And PAJ you are totaly right on AUDUSD there was a big resistence broken should have waited with that trade and with NZDUSD i think should waited to for bounce of the 0.8555 Resistence. But i thought just try this system only with the rules and dont care about news or sup/resis... i think bad idea.
Oh and i mark my trades cause i make my orders with MT5 ...
  • #506
  • Mar 7, 2014 3:22am Mar 7, 2014 3:22am
hello guys, one question, you put your orders 10 pips away from the close of the candle or from the high low? in the first post is the close, but i see orid``s order under the low whats right

thanks
  • #507
  • Mar 7, 2014 3:26am Mar 7, 2014 3:26am
Quoting frani60
hello guys, one question, you put your orders 10 pips away from the close of the candle or from the high low? in the first post is the close, but i see orid``s order under the low whats right thanks
Normaly right under the CLOSE OF CANDEL thats the rules. But you see in my last post #505, the 2 orders where losers. If i would have placed the order 10 pips under the close of 3 disc, the 2 orders would not been triggerd. .... I will next time set my orders 5-10 pips under close of candel... But thats only my try , the right rules are order at close of candel.
  • #508
  • Mar 7, 2014 4:54am Mar 7, 2014 4:54am
Quoting Paj
Orid, Has the S3 moved along with price? I wasn't watching this pair but here is my chart, different broker, I use New York close. My observations are.. candle hasn't broken and you would be heading into support directly below I like to see some space for price to go, before you take a trade draw in the next area of support or resistance if it looks fairly strong and is too close pass. {image}
Hi paj that reversed on me and - 70 pips , ive put a new stop order .
Regards orid
  • #509
  • Mar 7, 2014 5:26am Mar 7, 2014 5:26am
hi orid, you put your buy and stop order always high/low of the prefious candle not close is this right
  • #510
  • Mar 7, 2014 6:34am Mar 7, 2014 6:34am
Hey guys

i think USDJPY and EURUSD are really looking good to go down next week. But this is only a try with this System + SHI Channel indy.

If you look daily chart USDJPY at the yellow circle it touches the SHI Channel in daily and when you look at the 4 Hour it also touches the SHI Channel.
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In here EURUSD in Daily it went over the SHI Channel and in H4 it ust touched the SHI Channel , but i think it went over the Daily SHI channel cause the H4 SHI wasnt touched (and News ofcouse)

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Sry if i post some new indicator to this System but its only a try from my side . Cause i think we all want to make that System work better and better and make good pips.

What do you guys think about USDJPY and EURUSD ?
  • #511
  • Mar 7, 2014 6:42am Mar 7, 2014 6:42am
Quoting frani60
hi orid, you put your buy and stop order always high/low of the prefious candle not close is this right
40-100pips below disc ,is what im trying but that is not bobs rules.
regards orid
  • #512
  • Mar 7, 2014 6:44am Mar 7, 2014 6:44am
Quoting orid
{quote} 40-100pips below disc ,is what im trying but that is not bobs rules. regards orid
40-100 pips in daily or 4H chart ?
  • #513
  • Mar 7, 2014 6:57am Mar 7, 2014 6:57am
Quoting orid
Hi all , well Ive showed the good ones so better show some doubtfull ones , early days yet. lots of pending orders Still waiting on ok for live account is everyone making pips? regards orid {image}
Orid - Just a question-----also Bob could weigh in ---- Since the Yellow dot has moved several candles why not move the
entry order just under that new candle?
Tom
  • #514
  • Mar 7, 2014 7:26am Mar 7, 2014 7:26am
Quoting kPack
Hey guys i think USDJPY and EURUSD are really looking good to go down next week. But this is only a try with this System + SHI Channel indy. If you look daily chart USDJPY at the yellow circle it touches the SHI Channel in daily and when you look at the 4 Hour it also touches the SHI Channel.{image} {image} In here EURUSD in Daily it went over the SHI Channel and in H4 it ust touched the SHI Channel , but i think it went over the Daily SHI channel cause the H4 SHI wasnt touched (and News ofcouse) {image} {image} Sry if i post some new indicator...
KPack - I don't mean to disrespect what you have added in the way of indicators but Bob, who started this thread stated that the only indicators we need for HIS system is the Semafor indi. A lot of threads get screwed up because well meaning people try to add to what the thread is all about. You may have a great system and if so why not open a thread so people can decide for themselves BUT this is Bobs thread and we need to respect him and his way of trading while he generously shares with us. Thanks for understanding.
  • #515
  • Mar 7, 2014 7:57am Mar 7, 2014 7:57am
No Problem, i thougt the system is not finished , thougt he want to build a System with the semafor indi..... But thats why i wrote sry for posting a new indi.... Wont happen again , i know what you mean that threads get f...up cause of ppl adding new stuff. I will stay here with you guys and try the system too. But like oric also dont play with the rules for entrys. And i also had a lot of losers when i sticked to the , order placed direct under 3 disc candel.... But from now on, no new Indis sry again
  • #516
  • Mar 7, 2014 8:05am Mar 7, 2014 8:05am
UCad closed for 70 pips
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  • #517
  • Mar 7, 2014 8:37am Mar 7, 2014 8:37am
Quoting kPack
No Problem, i thougt the system is not finished , thougt he want to build a System with the semafor indi..... But thats why i wrote sry for posting a new indi.... Wont happen again , i know what you mean that threads get f...up cause of ppl adding new stuff. I will stay here with you guys and try the system too. But like oric also dont play with the rules for entrys. And i also had a lot of losers when i sticked to the , order placed direct under 3 disc candel.... But from now on, no new Indis sry again
KPACK - Thanks for the reply -- i know you are only trying to learn and help others -- i certainly do not know what the answer is to the drawdowns. Maybe if when we get the yellow and place our order 10 or so pips above / below we should just put a small .01 order in the direction we want to go. If it retraces and yellow moves put another .01 order in until price comes up above the original order then go with a larger $$ order. Just trying to figure it out like you.
Tom
  • #518
  • Mar 7, 2014 8:55am Mar 7, 2014 8:55am
Yep , i will try the 10 pips or sup/Res , Down below tactic. Just enterd NZDUSD on Yellow line a little under the last support. Lets see where it goes only sad think is it is friday and on friday normaly not much happens...

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  • #519
  • Mar 7, 2014 9:16am Mar 7, 2014 9:16am
Saw what was happening..........seems like the powers to be were sucking people into believing the NFP was going to be bad because of weather and they pulled the rug again....sold nzdusd at .8490 my tp is .8089..........it was maybe the NZD last gasp b4 the fall mentioned earlier...we will see.........
  • #520
  • Mar 7, 2014 10:03am Mar 7, 2014 10:03am
Quoting kaiser soze
Saw what was happening..........seems like the powers to be were sucking people into believing the NFP was going to be bad because of weather and they pulled the rug again....sold nzdusd at .8490 my tp is .8089..........it was maybe the NZD last gasp b4 the fall mentioned earlier...we will see.........

same opinion. i also think EurUsd and UsdJpy looks good for sell next week but we will see.
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