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  • #41
  • Jul 15, 2014 9:14am Jul 15, 2014 9:14am
Sorry, 1 pip below or higher of the just closed dalily candle`s lowest or highest point
  • #42
  • Jul 15, 2014 9:36am Jul 15, 2014 9:36am
Quoting ronichimo
Yes, as SWilliams told, we wait for the daily candle close on put a pending order 1 pip below/higher. We started yesterday and first order closed in TP.(SWilliams). My brokers seems to have used a higher lowest point, but for only 3 pips Ronichimo
Thanks!
  • #43
  • Jul 15, 2014 2:59pm Jul 15, 2014 2:59pm
Hi,
Someone placed some orders yet?
  • #44
  • Edited 7:24pm Jul 15, 2014 7:06pm | Edited 7:24pm
Quoting ronichimo
Hi, Someone placed some orders yet?
YES took the NZDUSD & AUDUSD short
All posts are my personal opinion
  • #45
  • Jul 15, 2014 8:02pm Jul 15, 2014 8:02pm
Hi,

i took AUDUSD with 10 pips SL & TP.

Trade hit TP

http://s29.postimg.org/oay0nvxjb/image.png
http://s29.postimg.org/mx6dsky9z/image.png
Profit is on the other side of your mind
  • #46
  • Jul 15, 2014 10:13pm Jul 15, 2014 10:13pm
Quoting swilliam
Hi, i took AUDUSD with 10 pips SL & TP. Trade hit TP {image} {image}
Hi William, nice trade, congrate!

However could you please enlarge and sharper your image because they are blur to me.

I attached my chart image which show different price from yours... would it be issue in trading your strategy?
My chart shows yesterday's LOW is 0.93482 (which different from yours 0.93474)
So, if I would trade today I would take SELL Pending order at 0.93481....am I right?
Attached Image (click to enlarge)
Click to Enlarge Name: FF.jpg Size: 345 KB
  • #47
  • Jul 15, 2014 10:20pm Jul 15, 2014 10:20pm
Quoting Rtm
{quote} YES took the NZDUSD & AUDUSD short
Hi RTM
May I ask why SHORT for NU?
My chart shows yesterday (15/7) closed in between Monthly and Weekly line... which is NO TRADE according to Sir William's strategy...
Or am i missing anything??
Attached Image (click to enlarge)
Click to Enlarge Name: NU.jpg Size: 335 KB
  • #48
  • Jul 15, 2014 10:44pm Jul 15, 2014 10:44pm
On AUDUSD, the low of my broker is 0.93476

So i sell on 0.93475

You can click on my chart to enlarge the view.

FXCM is the one i use a reference,

i dont trade 1st days because of the Sunday candle which cause confusion to different brokers
Profit is on the other side of your mind
  • #49
  • Jul 15, 2014 11:52pm Jul 15, 2014 11:52pm
Quoting swilliam
On AUDUSD, the low of my broker is 0.93476 So i sell on 0.93475 You can click on my chart to enlarge the view. FXCM is the one i use a reference, i dont trade 1st days because of the Sunday candle which cause confusion to different brokers
Hi, If Sunday candle has a good range it can be used ( for the brave)
Friday figures can be traded even though it is short hours, trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50
  • Jul 16, 2014 12:14am Jul 16, 2014 12:14am
Quoting nsn14
{quote} Hi RTM May I ask why SHORT for NU? My chart shows yesterday (15/7) closed in between Monthly and Weekly line... which is NO TRADE according to Sir William's strategy... Or am i missing anything?? {image}
You have dif broker I guess because I got a nice close below and nice pips too!
Attached Image (click to enlarge)
Click to Enlarge Name: Selection_027.png Size: 14 KB
All posts are my personal opinion
  • #51
  • Jul 16, 2014 12:15am Jul 16, 2014 12:15am
Quoting nsn14
{quote} Hi RTM May I ask why SHORT for NU? My chart shows yesterday (15/7) closed in between Monthly and Weekly line... which is NO TRADE according to Sir William's strategy... Or am i missing anything?? {image}
Your chart is unclear also. Cant see last candle?
All posts are my personal opinion
  • #52
  • Jul 16, 2014 1:24am Jul 16, 2014 1:24am
Hey guys. this thread looks interesting. can you tell me wat is the win % of this strategy?
Stay Hungry Stay Foolish
  • #53
  • Jul 16, 2014 1:28am Jul 16, 2014 1:28am
BUY SETUP ON USDCHF HIT Take Profit 7 Pips

**CLICK IMAGE TO SEE CLEARLY!**

http://s16.postimg.org/uzw7a0md1/111.png

http://s16.postimg.org/imjd33wol/222.png
Profit is on the other side of your mind
  • #54
  • Jul 16, 2014 1:31am Jul 16, 2014 1:31am
Quoting Rtm
{quote} Your chart is unclear also. Cant see last candle?
I repost the image so that you can see the last (today candle)...
Yesterday (15/7/2014) candle was closed within the Monthly and Weekly Open line...

I may be cause by diff broker?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NU.jpg Size: 333 KB
Click to Enlarge Name: nu1.jpg Size: 319 KB
  • #55
  • Jul 16, 2014 1:39am Jul 16, 2014 1:39am
Hi traders,

Second day with the strategy.

Today we can try to find out what are the filters for opening a order.
For example, just to find out when or when not put an order I opened several charts and try to find out when NOT open an order, even if everything is accordet to the rules. ( D candle closing above/under the weekly and monthly open).

I opened those following charts yesterday:

eur/usd, gbp/usd, eur/jpy,aud/usd
usd/chf. usd/jpy, gbp/jpy, usd/cad


following the rules, exept Eur/JPY and Gbp/JPY, all were able to trade according with the Basic Rules

I opened orders for those 6 currencies pairs, (at this momento I`m only talking about the strategy and NOT about money managment)

While I`m writing this message, the last order has closed. Here are the results:

Eur/Usd: Sell - TP Gbp/Usd; Buy - SL
Aud/Usd: Sell - TP Usd/Jpy: Buy - SL
Usd/Chf: Buy - TP Usd/Cad: Buy - SL

More than the pairs with TP, I`m interested in those pairs where SL was hitted, let`s try, all togheter, find out why it went wrong, even if we opened by "rules"

Just find out by pair "individually", I know that Eur/Usd and Gbp/Usd are correlated for example, but each pair was opended on the strategy.

So, let´s all do some homework and find out the filters before the D-Candle closes... and make new pips tonight...

Ronichimo
  • #56
  • Jul 16, 2014 1:42am Jul 16, 2014 1:42am
Quoting nsn14
{quote} I repost the image so that you can see the last (today candle)... Yesterday (15/7/2014) candle was closed within the Monthly and Weekly Open line... I may be cause by diff broker? {image} {image}
Hi nsn14,

The first day I started with Swilliams it happened to me also... I suppose it was for using a different bróker and demo account. ( look back on the first messages)

Ronichimo
  • #57
  • Jul 16, 2014 3:16am Jul 16, 2014 3:16am
Thanks R

Another thing I wish to clarify, if TODAY candle started with GAP UP or GAP down, are we still follow the basic rule?
  • #58
  • Jul 16, 2014 3:26am Jul 16, 2014 3:26am
Quoting nsn14
Thanks R Another thing I wish to clarify, if TODAY candle started with GAP UP or GAP down, are we still follow the basic rule?
For instance, if yesterday's candle closed above both Month and Week at 1.30000.
Follow the basic rule, today we shall place BUY Pending order at 1.30001.

Situation 1:
However, today the price GAP UP to 1.30010, and never hit our Pending Order and the price goes up and BULL CANDLE formed, what shall we do?

Situation 2:
Today the price GAP UP to 1.30010 and after that minute, the price falls down and hit our BUY Order at 1.30001, and the price goes further down forming BEAR CANDLE. What shall we do?

Opinion needed, thanks!!!
  • #59
  • Jul 16, 2014 3:52am Jul 16, 2014 3:52am
Quoting nsn14
Thanks R Another thing I wish to clarify, if TODAY candle started with GAP UP or GAP down, are we still follow the basic rule?
In forex those GAP often happen between Friday`s close and Sunday`s open... we don´t trade on sundays. Sometimes, if I haven`t closed a trade on friday I`ll move my SL as close as posible to the PA... if happens a Gap on my favor on Sunday... better, if not I limited the lose. I start from the opinión that I already risked (SL) by opening the order, so if the SL was triggered it was the same risk. If the position was in benefit AND if it`s a carrie-trade, better for me.

The second question has nearly the same answer... but as we use pending orders, and I start to "see" diferent things than when I placed it, by cancelling this order problem solved... There are other pairs to trade...

Ronichimo
  • #60
  • Jul 16, 2014 4:36am Jul 16, 2014 4:36am
Quoting ronichimo
{quote} In forex those GAP often happen between Friday`s close and Sunday`s open... we don´t trade on sundays. Sometimes, if I haven`t closed a trade on friday I`ll move my SL as close as posible to the PA... if happens a Gap on my favor on Sunday... better, if not I limited the lose. I start from the opinión that I already risked (SL) by opening the order, so if the SL was triggered it was the same risk. If the position was in benefit AND if it`s a carrie-trade, better for me. The second question has nearly the same answer... but as we use pending...
Thanks Ronichimo!


What is your opinion if the OPEN of 'TODAY' already exceeded 1 tick which is also suppose to be our PENDING ORDER. But we havent manage to key in that time.
For instance, we suppose to placed BUY Pending order at price 1.30001 but TODAY OPEN price is 1.30001 and price goes North after that. Shall we place another pending order which is higher that the actual one? Or we still placed the same Pending order at 1.30001, hope for the price to pull back and hit our pending order?

PS : And what is the 'different things that you see with placing pending order? mind to share with us?
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