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All Indicators Trading system

  • #1,981
  • Mar 3, 2014 11:11am Mar 3, 2014 11:11am
Just an observation:
The correlation between trends, M.A.s and news events:
If a trend is going up, and the moving averages are in good shape, this is a sign that the dominant currency in a pair is in an economy that is doing well. The news surprises in an economy that is doing well will usually be on the positive side. This is a correlation that is as much predictive as not!
(Sorry for all the esoteric math)
  • #1,982
  • Mar 3, 2014 11:30am Mar 3, 2014 11:30am
Quoting Rap Skallion
Just an observation: The correlation between trends, M.A.s and news events: If a trend is going up, and the moving averages are in good shape, this is a sign that the dominant currency in a pair is in an economy that is doing well. The news surprises in an economy that is doing well will usually be on the positive side. This is a correlation that is as much predictive as not! (Sorry for all the esoteric math)
Agree 100% , its usually the case that fundamentals support the technicals
  • #1,983
  • Mar 3, 2014 5:29pm Mar 3, 2014 5:29pm
It appears to me that the aussie is getting ready for some good news: Look for movement in the audusd,, audcad, audjpy, and gbpaud
euraud (the latter two in the opposite direction, of course). An interesting play would be to place pending trades far enough above a line of S/R on one pair (but close) and below a line on another pair headed in the same direction:
intention: that the aussie, should it move up, catch the one but not the other, or down, the other but not the one. Probability is that the pending trade that the current price is moving toward will be the one that is activated. The other one should then be removed. Use your money management.

You have five pairs, why not play two one way and three the other? I should think you would keep mind of the Swap.
Remember the first three pairs mentioned will move in the opposite direction of the last two.

  • #1,984
  • Mar 4, 2014 8:25am Mar 4, 2014 8:25am
Quoting Rap Skallion
It appears to me that the aussie is getting ready for some good news: Look for movement in the audusd,, audcad, audjpy, and gbpaud euraud (the latter two in the opposite direction, of course). An interesting play would be to place pending trades far enough above a line of S/R on one pair (but close) and below a line on another pair headed in the same direction: intention: that the aussie, should it move up, catch the one but not the other, or down, the other but not the one. Probability is that the pending trade that the current price is moving...
Well, that suggestion fizzled. It was a news non-event. was only able to glean 25p from it. Hardly worth the effort. The same bias is in place, though, considering news coming up.

Consider this: Russia, while it has proven the Crimea is de facto its own property, and finding it cheaper not to spill blood to prove it further, may have shot itself in the foot to the benefit of the Aussie.

Their use of the Gas they find in Siberia as a compliance tool, renders it far less palatable to a chief potential customer, China: the "second largest economy", who prefer to buy energy from people willing to give it to them for money, no strings attached.

That would be their Capitalist neighbors to the south.

Sooner or later, India will get its act together, and realize the due to lack of infrastructure, 20% of the food it raises goes to waste, rotting in the fields. Which close country, connected to it by a highway as broad as the sea, stands most ready to help them set things aright and profit by doing so?

I know how to do Calculus, and infinite series and such, but do I really need that to ascertain Australia's long term future? Or why they weathered the crisis of 2008 the best of all majored currencies (rivaled closely by the USD friends to the North). I believe that keeping the bias on the Aussie pairs in place will prove profitable. Just sayin'
  • #1,985
  • Mar 8, 2014 6:19am Mar 8, 2014 6:19am
Quoting tafadzwa02
{quote} ..... NB:This WEEK is special in that I am doing it FULL TIME , so no excuses...
This week has been quite revealing .Trading full time for a week on a trial basis was quite a feat.
Firstly - It is VERY different compared to when you are trading part time.The mindset is different and the fact that I was spending the whole day starring at the screen meant that I ended up making funny trades
Secondly - Starring on the charts all day made me a bit emotional.I ended up trading more than 3 trades per day , my risk per trade was huge , instead of my usual 1% , at one point I was risking more than 6% in a trade, which was quite wrong
Thirdly - I realized that , unlike when you are not doing it full time , when you trade and wait for the move , it never happens .Wherever I traded , the market kept ranging in a very small range to the point of making me hate trading.I would wait and wait and wait and the market just didn't want to know .Every time I looked at the other pairs I would not have traded , they will be moving in a bigger range , or even trending.It was as if someone was looking at my trades
I would give myself a 2/10 this week , the 2 being that I won , everything else was so bad .It was as if I was a newbie.I am disappointed really.I will arrange another trial and see how that one goes .I am clearly not ready for doing this on a full time basis

I am on 1.0% risk per trade ( or equivalent of £1.45 * 30 Pips ). Please find attached for more information.
Attached File(s)
File Type: xls Actual Vs All Ind Week Commencing 09-03-2014.xls   462 KB | 212 downloads
  • #1,986
  • Mar 8, 2014 6:31am Mar 8, 2014 6:31am
Yes, I watched the wild ride again. I didn't check each individual trade but based upon past experiences it seems your "system" doesn't do very well so you get frustrated after losing quite a bit like you did this week again so you just trade regardless of your system & seem to get back the losses in 1 or 2 heavy trades(10 contracts). I think you should try just throwing out your "system" & just trade what you see.
As for your trades you get in that don't move, you probably see markets moving strongly in a direction buy afraid to jump on as it's too late so you find a market that hasn't moved much as it's more relaxing to get in. Problem is it continues to "not move" while the true money could be made in markets in a strong trend.
Just my thoughts from a completely uninformed point of view.
Good luck next week!
  • #1,987
  • Mar 8, 2014 6:45am Mar 8, 2014 6:45am
I did a lot of silly mistake this week in my trading too, Still end up break even, trading can be difficult but when you put patient and discipline to work it can be so rewarding. I over leverage my account and result to a dd but I finally get it fixed cos it looks like gambling when you over confidence about market direction. It doesn't matter to me anymore were market will go cos ve seen it all, instead of been a Bull or Bear, Now am a Chameleon, Let the Fun begins
I over leverage my account on Aussie-dollar thinking market got to retrace after 100+ move, lesson learned market could go 1000 pips without a retrace of correction, you just can predict market movement, rather focus on Money management and be discipline .
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm30.png Size: 50 KB
  • #1,988
  • Mar 8, 2014 12:57pm Mar 8, 2014 12:57pm
Quoting srt
Yes, I watched the wild ride again. I didn't check each individual trade but based upon past experiences it seems your "system" doesn't do very well so you get frustrated after losing quite a bit like you did this week again so you just trade regardless of your system & seem to get back the losses in 1 or 2 heavy trades(10 contracts). I think you should try just throwing out your "system" & just trade what you see. As for your trades you get in that don't move, you probably see markets moving strongly in a direction buy afraid to jump on as it's...
My system works , I have proved it overtime , however its biggest weakness is sometimes you spend the whole week without a single signal and given my character , that is a recipe for disaster.I now understand people when they say "It's all about the individual".
As for
"I think you should try just throwing out your "system" & just trade what you see." , I have Signal 2 to take care of that and this is what leads to
"As for your trades you get in that don't move, you probably see markets moving strongly in a direction buy afraid to jump on as it's too late so you find a market that hasn't moved much as it's more relaxing to get in. Problem is it continues to "not move" while the true money could be made in markets in a strong trend. "
  • #1,989
  • Mar 9, 2014 3:35pm Mar 9, 2014 3:35pm
Quoting tafadzwa02
{quote} My system works , I have proved it overtime , however its biggest weakness is sometimes you spend the whole week without a single signal and given my character , that is a recipe for disaster.I now understand people when they say "It's all about the individual". As for "I think you should try just throwing out your "system" & just trade what you see." , I have Signal 2 to take care of that and this is what leads to "As for your trades you get in that don't move, you probably see markets moving strongly in a direction buy afraid to jump on...
It's good that you keep trying something even after a series of losses. I'm just afraid one of these times your 10 contract trades goes against you and wipes out the account. When I was trading with revenge I removed enough of the money from my account so I couldn't trade in larger amounts. Probably the best way to get control of "crazy trading episodes" if you know you can't take a large bet to try getting back the losses in 1 trade.

I think you pointed out the main reason traders struggle for success. Even if they're trading a profitable system, they can't trade it with the discipline required to make it profitable. There's plenty of simple profitable systems yet everyone keeps moving from one system to the next looking for one they think they can trade successfully.
  • #1,990
  • Mar 10, 2014 11:43am Mar 10, 2014 11:43am
Quoting srt
{quote}... I'm just afraid one of these times your 10 contract trades goes against you and wipes out the account. ....
I will NEVER wipe out my account again, if you haven't noticed , when I did the 10 contract trades , My maximum stop was always 30 pips , i.e £300 loss , about 5% maximum loss .I must admit , I have wiped out my account a few times before and it was a bit painful , so what ever happens , I will not do that again.

I do not intend to do those 10 contract trades again .The last time I had done them was in November so I have improved a bit .I have done a long stretch without doing those revenge trades .I hope this time I will last longer .Besides , soon I will be trading 10 contract trades as normal trades (1% of my account )
  • #1,991
  • Mar 12, 2014 11:46am Mar 12, 2014 11:46am
I will be updating you guys on my trades starting from tomorrow as being requested by you .I am also getting a few PMs about my stops and the way I am so accurate with my trades but I Just get stopped out and the market goes in my direction 90% of the time .
I know , there is nothing much I can do about this at the moment .I tried to change my stop to 40 Pips and it kept happening so I am sticking with my average of 30 pips stop for now .

Thanks for noticing that I am correct 90% of the time .I don't do the maths when I am stopped out
  • #1,992
  • Mar 13, 2014 3:41am Mar 13, 2014 3:41am
13-03-2014
USDJPY - BUY

Bought at S1 - 20 pip Stop and 20 pip Target (Weekly Pivot ) .I bought It at Daily 20 MA
Points to note on this pair
It is due for a very big move (The open and close will be more that 85 Pips)on the Daily Time frame .I would give it 7 days from today.
  • #1,993
  • Mar 13, 2014 7:51am Mar 13, 2014 7:51am
Quoting tafadzwa02
13-03-2014 USDJPY - BUY Bought at S1 - 20 pip Stop and 20 pip Target (Weekly Pivot ) .I bought It at Daily 20 MA Points to note on this pair It is due for a very big move (The open and close will be more that 85 Pips)on the Daily Time frame .I would give it 7 days from today.
This trade has won -- No more trades today
  • #1,994
  • Mar 13, 2014 2:06pm Mar 13, 2014 2:06pm
Quoting tafadzwa02
......Points to note on this pair It is due for a very big move (The open and close will be more that 85 Pips)on the Daily Time frame .I would give it 7 days from today.

Who said it BEFORE it happened ?.
  • #1,995
  • Mar 14, 2014 3:12am Mar 14, 2014 3:12am
14-03-2014
GBPUSD - SELL

Sold at break of Monthly Pivot Support - 20 pip Stop and 20 pip Target
  • #1,996
  • Mar 14, 2014 6:28am Mar 14, 2014 6:28am
Quoting tafadzwa02
14-03-2014 GBPUSD - SELL Sold at break of Monthly Pivot Support - 20 pip Stop and 20 pip Target
The market came and hit me by just 3 pips and went straight down to touch my Target as usual .

I have entered my last trade today i.e EURUSD = Signal 14 ( When the market trends on the previous day , trade in the direction of that trend when it retraces and touches the Pivot point .It is a target based trade)

Sell EURUSD @ 1.3884 - 20pip stop , exit when it closes below the red line on the 15Min alligator
  • #1,997
  • Mar 14, 2014 8:49am Mar 14, 2014 8:49am
Quoting tafadzwa02
{quote}..... I have entered my last trade today i.e EURUSD = Signal 14 ( When the market trends on the previous day , trade in the direction of that trend when it retraces and touches the Pivot point .It is a target based trade) Sell EURUSD @ 1.3884 - 20pip stop , exit when it closes below the red line on the 15Min alligator
This trade won , but I lost because I was not there to close the trade .It closed below the red line @ 1.3873 so I would have won 11 pips .In the end Its been a bad day .Typical of my trading
  • #1,998
  • Mar 14, 2014 9:16am Mar 14, 2014 9:16am
Trading sucks big time .How do you explain a sudden change of minds of traders .Only yesterday they were selling these pairs ;like mad and only today they are doing the opposite .Unbelievable
  • #1,999
  • Mar 16, 2014 4:31pm Mar 16, 2014 4:31pm
I failed miserably to observe my rules this week.
I am on 1.0% risk per trade ( or equivalent of £1.72 * 30 Pips after topping up ). Please find attached for more information.
Attached File(s)
File Type: xls Actual Vs All Ind Week Commencing 16-03-2014.xls   462 KB | 194 downloads
  • #2,000
  • Mar 16, 2014 7:10pm Mar 16, 2014 7:10pm
You been trading for quite a while now and you are still surprised?

It's good to see that you are not losing your nerve when you have losing trades.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
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