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Eitan's Project

  • #2,601
  • Jun 3, 2014 10:51am Jun 3, 2014 10:51am
Quoting pannet1
Fellow traders, Sorry to interrupt. GC, HG entry. MTF CCI not agreeing but hope news will carry it atleast to break even. {image}
8 hours later, price still sitting near my entry. all these time it went near my SL an immediate LOW and came back :-)
  • #2,602
  • Jun 3, 2014 11:08am Jun 3, 2014 11:08am
Quoting pannet1
{quote} 8 hours later, price still sitting near my entry. all these time it went near my SL an immediate LOW and came back :-)
Patience is required. Sometimes like watching paint dry, but you will be in good hands.

Is you're AUD/USD trade using this system?
  • #2,603
  • Jun 3, 2014 11:27am Jun 3, 2014 11:27am
Quoting DrNoStopLoss
{quote} Patience is required. Sometimes like watching paint dry, but you will be in good hands. Is you're AUD/USD trade using this system?
sent you a message
  • #2,604
  • Edited 11:55am Jun 3, 2014 11:34am | Edited 11:55am
So this is what happened to me today. Took the trade on the EURJPY and everything was fine until I was stopped out.
At first I thought I set my stop loss to tight, but when I came home to the computer and compared the charts I saw that price went down further on the Oanda chart than on the FX Globe chart where we look for signals!!

Classic case of stop hunting??
I took the trade on Oanda demo account and put the S/L to 139.075. When I look at the FX Globe chart, and I also checked my GFT account the price never went below 139.080, witch means that I would probably have been still in the trade with green pips!

Left chart is Oanda and right one is FX Globe.
(don't mind the H1 chart, this is just for viewing price-spike better)

This is another example why the S/L should be set in your head and not in MT4!!?

Sorry Eitan if you think this is irrelevant to the system, but it could be good for discussing the S/L issue. If we should use it or not!

Attached Image (click to enlarge)
Click to Enlarge Name: stop loss hunting.png Size: 255 KB
  • #2,605
  • Jun 3, 2014 11:51am Jun 3, 2014 11:51am
Quoting spufuz
So this is what happened to me today. Took the trade on the EURJPY and everything was fine until I was stopped out. At first I thought I set my stop loss to tight, but when I came home to the computer and compared the charts I saw that price went down further on the Oanda chart than on the FX Globe chart where we look for signals!! Classic case of stop hunting?? I took the trade on Oanda demo-live account and put the S/L to 139.075. When I look at the FX Globe chart, and I also checked my GFT account the price never went below 139.080, witch means...
Got little confused here ..
Oanda = Live Account
GFT = Live Account

So you got stopped in Oanda. Price never went below in GFT, right. So if you have put the trade in GFT, you must have won it, right.
  • #2,606
  • Jun 3, 2014 11:55am Jun 3, 2014 11:55am
Quoting pannet1
{quote} Got little confused here .. Oanda = Live Account GFT = Live Account So you got stopped in Oanda. Price never went below in GFT, right. So if you have put the trade in GFT, you must have won it, right.
Sorry, ill try to explain better.
Oanda is demo, and GFT also. FX Globe is also Demo.

Look for signals in FX Globe, took the trade in Oanda.
GFT was only for comparing charts to see what happened to the price!

Price only went below 139.080 in Oanda, where I had my S/L set to 139.075!
  • #2,607
  • Jun 3, 2014 12:00pm Jun 3, 2014 12:00pm
" This is another example why the S/L should be set in your head and not in MT4!!? " yes m8 these dealers aka brokers they All stink big time , specially when u R on their radar cuz of constantly winnin = atm i hav 5 stinkin dealers --- LIVE accts
  • #2,608
  • Jun 3, 2014 12:02pm Jun 3, 2014 12:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: euraudih4.png Size: 63 KB
  • #2,609
  • Jun 3, 2014 12:03pm Jun 3, 2014 12:03pm
Why would they hunt for your SL on a demo account? Doesn't make sense to me
  • #2,610
  • Jun 3, 2014 12:04pm Jun 3, 2014 12:04pm
e/j tryin Hard 2 break R3 @139.72 = my TP1 @140.777
  • #2,611
  • Jun 3, 2014 12:05pm Jun 3, 2014 12:05pm
Am I correct with this entry ??
The spread of the TDI is wide enough ??
SL and TP good ?? 1:1
Attached Image (click to enlarge)
Click to Enlarge Name: euraudch4.png rsi.png Size: 44 KB
Risiko birgt immer auch die Chance.
  • #2,612
  • Jun 3, 2014 12:06pm Jun 3, 2014 12:06pm
Quoting pips777
" This is another example why the S/L should be set in your head and not in MT4!!? " yes m8 these dealers aka brokers they All stink big time , specially when u R on their radar cuz of constantly winnin = atm i hav 5 stinkin dealers
I compared my chart with CME. It was exactly same. When you are sleeping with a tight SL they are widening the spread. I had one case where my SL was away from the day's range. Because of my country, I do not have the flexibility to select broker. If you have it, please select wisely. Also think why PROS are not complaining about their broker.
  • #2,613
  • Jun 3, 2014 12:08pm Jun 3, 2014 12:08pm
Quoting spyderman
{image}
Same here spyder:

Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 142 KB
  • #2,614
  • Jun 3, 2014 12:13pm Jun 3, 2014 12:13pm
Quoting spufuz
So this is what happened to me today. Took the trade on the EURJPY and everything was fine until I was stopped out. At first I thought I set my stop loss to tight, but when I came home to the computer and compared the charts I saw that price went down further on the Oanda chart than on the FX Globe chart where we look for signals!! Classic case of stop hunting?? I took the trade on Oanda demo account and put the S/L to 139.075. When I look at the FX Globe chart, and I also checked my GFT account the price never went below 139.080, witch means that...
Why did you place you SL at 139.075?
Looking at the TP of Eitan I think he placed his virtual SL @138.72 that is the last swing low. There is about 35 pips difference
  • #2,615
  • Jun 3, 2014 12:14pm Jun 3, 2014 12:14pm
Quoting Sesamstrasse
Am I correct with this entry ?? The spread of the TDI is wide enough ?? SL and TP good ?? 1:1 {image}
Looks good man. We are not supposed to have Level 2 Semaphore. Since you have it, its disturbing me. That's all.
  • #2,616
  • Jun 3, 2014 12:16pm Jun 3, 2014 12:16pm
GJ Entry

Attached Image (click to enlarge)
Click to Enlarge Name: GJ_h4.png Size: 39 KB
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #2,617
  • Jun 3, 2014 12:17pm Jun 3, 2014 12:17pm
Quoting pannet1
{quote} Looks good man. We are not supposed to have Level 2 Semaphore. Since you have it, its disturbing me. That's all.

Aah yer , youŽre right .. IŽll remove it ..
But I can see the spread of the TDI is on traderguynw s chart much better to see..
Risiko birgt immer auch die Chance.
  • #2,618
  • Jun 3, 2014 12:18pm Jun 3, 2014 12:18pm
EA entry:

Attached Image (click to enlarge)
Click to Enlarge Name: EA_h4.png Size: 39 KB
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #2,619
  • Jun 3, 2014 12:19pm Jun 3, 2014 12:19pm
Quoting spufuz
{quote} Sorry, ill try to explain better. Oanda is demo, and GFT also. FX Globe is also Demo. Look for signals in FX Globe, took the trade in Oanda. GFT was only for comparing charts to see what happened to the price! Price only went below 139.080 in Oanda, where I had my S/L set to 139.075!
SL needed to be at the 138.77 area same as TP.I am out now and not neer chart i will check it later.
when GOD brings you a challenge he also gives you the power to deal with it
  • #2,620
  • Jun 3, 2014 12:25pm Jun 3, 2014 12:25pm
Quoting jimmynoodles
EA entry: {image}
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