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Trading Made Simple

  • #36,521
  • Apr 22, 2014 1:45am Apr 22, 2014 1:45am
JPY pairs have dropped a bit , but mindful market might be creating wiggle room
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  • #36,522
  • Apr 22, 2014 1:48am Apr 22, 2014 1:48am
Quoting twissted
hey everyone, new around here. i seem to have loaded all the indicators onto mt4 except the tdi... its the only one that wont load or even show in my indicator list. it DL as an mql4 file which i assume needs to be mq4 and is stopping me from getting it. anyone know how i can overcome this? thanks
I sometimes have that problem. Did you try to install the ex4 instead? In my folder, it is automatically convert to mq4 when I install ex4.
  • #36,523
  • Apr 22, 2014 1:55am Apr 22, 2014 1:55am
Those trading intraday USD crosses (aside UJ), be mindful that your profit expectations must stay realistic. Because of QE, market volatility for most pairs has decreased greatly... Currency trading isn't what it used to be back in the day Phx bagged 100s of pips on the eurousd pair. In 2008, the volatility index used to be around 30%. Today it is a mere 6% I believe. Be very careful, guys.
  • #36,524
  • Apr 22, 2014 2:03am Apr 22, 2014 2:03am
Current GA 4h short - entered at close of candle marked by vertical line with a nice TDI and stoch cross.

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The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #36,525
  • Apr 22, 2014 2:17am Apr 22, 2014 2:17am
Quoting WDays
Those trading intraday USD crosses (aside UJ), be mindful that your profit expectations must stay realistic. Because of QE, market volatility for most pairs has decreased greatly... Currency trading isn't what it used to be back in the day Phx bagged 100s of pips on the eurousd pair. In 2008, the volatility index used to be around 30%. Today it is a mere 6% I believe. Be very careful, guys.
  • #36,526
  • Apr 22, 2014 2:17am Apr 22, 2014 2:17am
Quoting WDays
Those trading intraday USD crosses (aside UJ), be mindful that your profit expectations must stay realistic. Because of QE, market volatility for most pairs has decreased greatly... Currency trading isn't what it used to be back in the day Phx bagged 100s of pips on the eurousd pair. In 2008, the volatility index used to be around 30%. Today it is a mere 6% I believe. Be very careful, guys.
I would definitely agree with the volatility of EU and some other majors - but there are other pairs that have been very volatile and giving up big pip counts - such as GBPAUD, GBPNZD and EURAUD. This is why Phx switched to EA (I believe). The spread on these pairs tends to scare some people off but they don't realise that it's just a cost of trading and that the reason the spread is bigger is because the pairs move more!

Part of the key is finding the pairs that have been moving, and the best way to do this (imo) is to check the ADR's of each pair before you start trading for the day. Any pairs with low ADR will be off the watch list. Any pairs with good ADR are the ones I will watch.

I agree that this week may be quiet, but again you never know!

Jimmy
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #36,527
  • Apr 22, 2014 2:28am Apr 22, 2014 2:28am
Quoting jimmynoodles
{quote} I would definitely agree with the volatility of EU and some other majors - but there are other pairs that have been very volatile and giving up big pip counts - such as GBPAUD, GBPNZD and EURAUD. This is why Phx switched to EA (I believe). The spread on these pairs tends to scare some people off but they don't realise that it's just a cost of trading and that the reason the spread is bigger is because the pairs move more! Part of the key is finding the pairs that have been moving, and the best way to do this (imo) is to check the ADR's of...
Pardon, but you missed my point. My post was directed only to those trading USD/XXX crosses with the exception of GU and UJ maybe. Of course there are still pairs that bring good pippage, although even EA has slowed down much.
  • #36,528
  • Apr 22, 2014 2:31am Apr 22, 2014 2:31am
Quoting WDays
{quote} Pardon, but you missed my point. My post was directed only to those trading USD/XXX crosses with the exception of GU and UJ maybe. Of course there are still pairs that bring good pippage, although even EA has slowed down much.
Arr ok I see - In which case I agree totally!

Jimmy
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #36,529
  • Apr 22, 2014 2:34am Apr 22, 2014 2:34am
Quoting WDays
{quote} Pardon, but you missed my point. My post was directed only to those trading USD/XXX crosses with the exception of GU and UJ maybe. Of course there are still pairs that bring good pippage, although even EA has slowed down much.
Very good point, indeed. Does anyone know where can I find a dassboard for the pairs, please? I know this is not an ADR thread but I think this would be very helpful.

Thanks.
Imparo ancora
  • #36,530
  • Apr 22, 2014 2:38am Apr 22, 2014 2:38am
Quoting erksa
{quote} Very good point, indeed. Does anyone know where can I find a dassboard for the pairs, please? I know this is not an ADR thread but I think this would be very helpful. Thanks.
I use this one. It highlights any pair over a certain ADR. This is set to 90 by default.
Attached File(s)
File Type: ex4 ADR_ ATR_20_Pairs_v3_Sal.ex4   9 KB | 583 downloads
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #36,531
  • Apr 22, 2014 2:43am Apr 22, 2014 2:43am
Quoting jimmynoodles
{quote} I use this one. It highlights any pair over a certain ADR. This is set to 90 by default. {file}
Thank you very much, Jimmy.
Imparo ancora
  • #36,532
  • Apr 22, 2014 3:35am Apr 22, 2014 3:35am
Quoting twissted
hey everyone, new around here. i seem to have loaded all the indicators onto mt4 except the tdi... its the only one that wont load or even show in my indicator list. it DL as an mql4 file which i assume needs to be mq4 and is stopping me from getting it. anyone know how i can overcome this? thanks
What version of MT4 are you using?
  • #36,533
  • Apr 22, 2014 3:38am Apr 22, 2014 3:38am
Quoting GilR
In future I hope to wean myself somewhat from FF I have started my own journal on blog and who knows what else (under construction) with charts and explanations of trades etc. may also consider a skype group if any interest for live communications. See profile
Hi I'm looking forward to seeing your website up and running.
  • #36,534
  • Apr 22, 2014 3:49am Apr 22, 2014 3:49am
Quoting digf
{quote} Hi I'm looking forward to seeing your website up and running.
Thanks. May include a trading room or use group skype
  • #36,535
  • Apr 22, 2014 3:51am Apr 22, 2014 3:51am
Closed my ACAD trade early after it went from around 20 pips to 7

Not long now to the 10am trades
  • #36,536
  • Apr 22, 2014 4:03am Apr 22, 2014 4:03am
Any 10am takers?
  • #36,537
  • Edited 5:28am Apr 22, 2014 4:09am | Edited 5:28am
doing 8am and 12pm candles - all my 8am trades are flopping so far. hoping for a turnaround


EDIT: EU and GU longs going ok

Quoting GilR
Any 10am takers?
  • #36,538
  • Apr 22, 2014 4:11am Apr 22, 2014 4:11am
Great thread guys,

I have been trading a very similar system for some time now and it works well.. Have just subscribed to this as it would be good to follow.

Also I would love to look at live Skype sessions as GilR mentioned earlier.

Cheers
  • #36,539
  • Apr 22, 2014 4:15am Apr 22, 2014 4:15am
Quoting blamshakk
doing 8am and 12pm candles - all my 8am trades are flopping so far. hoping for a turnaround {quote}
Ok -- so you decide at the London open!

Do you find that the horse has already bolted? The way I look at the 6am bar is that I am positioning myself with plenty of time for German and then London open.

Will be interested to see how your 8 and 12 am strategy works out

Gil
  • #36,540
  • Apr 22, 2014 4:23am Apr 22, 2014 4:23am
Quoting GilR
Any 10am takers?

I looked at GU, but my interest is with EU and UJ
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