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Eitan's Project

  • #2,601
  • Jun 3, 2014 8:51am Jun 3, 2014 8:51am
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 9:08am Jun 3, 2014 9:08am
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 9:27am Jun 3, 2014 9:27am
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 9:55am Jun 3, 2014 9:34am | Edited 9:55am
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 9:51am Jun 3, 2014 9:51am
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 9:55am Jun 3, 2014 9:55am
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 10:00am Jun 3, 2014 10:00am
" 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 10:02am Jun 3, 2014 10:02am
Attached Image (click to enlarge)
Click to Enlarge Name: euraudih4.png Size: 63 KB
  • #2,609
  • Jun 3, 2014 10:03am Jun 3, 2014 10:03am
Why would they hunt for your SL on a demo account? Doesn't make sense to me
  • #2,610
  • Jun 3, 2014 10:04am Jun 3, 2014 10:04am
e/j tryin Hard 2 break R3 @139.72 = my TP1 @140.777
  • #2,611
  • Jun 3, 2014 10:05am Jun 3, 2014 10:05am
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 10:06am Jun 3, 2014 10:06am
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 10:08am Jun 3, 2014 10:08am
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 10:13am Jun 3, 2014 10:13am
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 10:14am Jun 3, 2014 10:14am
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 10:16am Jun 3, 2014 10:16am
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 10:17am Jun 3, 2014 10:17am
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 10:18am Jun 3, 2014 10:18am
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 10:19am Jun 3, 2014 10:19am
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 10:25am Jun 3, 2014 10:25am
Quoting jimmynoodles
EA entry: {image}
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