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  • #201
  • Aug 7, 2014 3:31am Aug 7, 2014 3:31am
Unbelievable
I just found out that my Brokers spread on Russel2000 is only 0.3 points and on the S&P500 is 0.4 Points with no comissions
how crazy is this!!! made my day now
  • #202
  • Aug 7, 2014 4:36am Aug 7, 2014 4:36am
Quoting room217
today was a loong day... could not even open my mt4 tomorrow I'll see the new posts...

It was an exiciting day yesterday




Quoting Dr.Scalpall
{quote} hi FXpros, what's the entry criteria, change of bbandstop direction or continuation as price returns to it? regards doc.

Hi, nice to meet you, welcome here...

Well, the entry criteria is try to enter in the main trend direction, but the system is good also for capture trend change. Don't use it on currencies, since i didn't test it with them but i suspect that it would not give good results since their low volatility. This system require lowest spread as possible, my good results depend deeply by the lack of spread.

Typical trend trading entries:

Attached Image (click to enlarge)
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Take a look in the first post, there are several screenshots links of some trade caught.



Quoting Jeffray
Unbelievable I just found out that my Brokers spread on Russel2000 is only 0.3 points and on the S&P500 is 0.4 Points with no comissions how crazy is this!!! made my day now
mmmhh, are you sure that it is not 3 pip and 4 pip?
First rule is not to lose. Second rule is not to forget the first rule...
  • #203
  • Aug 7, 2014 5:31am Aug 7, 2014 5:31am
Aaaahhh damn.... you are right! Its 3 and 4 points. So i will stick to de30 which has 1 point spread
  • #204
  • Aug 7, 2014 10:23am Aug 7, 2014 10:23am
Any News?
How was your trading today thefxpros?

how do you feel with the new template?
  • #205
  • Aug 7, 2014 10:42am Aug 7, 2014 10:42am
Quoting Jeffray
Any News? How was your trading today thefxpros? how do you feel with the new template?
Another very positive day!

Attached Image (click to enlarge)
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The bad news is that today, after first 350-400 $ profit i added a second position in recovery of a losing one. Usually i never do that. I came out of it pretty well, but evidently i need to work more on discipline.




The template needs some adjustment, i'm working on it right now. Sometimes i'm not at ease with it when market is not trending, as scalper i hate to wait the correct setup, but i have to. So, i'm looking for a solution that allows me to keep the good signal on trending market and allows me to recognize when there is the space for a quick counter trend scalp.

For this purpose i mainly used trendlines and heiken ashi sw (not included in the new template), but i have to study it better, i am sure that is possible to understand in advance which points are more probable to be the inversion points, i've always been convinced.
First rule is not to lose. Second rule is not to forget the first rule...
  • #206
  • Aug 7, 2014 10:56am Aug 7, 2014 10:56am
Quoting thefxpros
The bad news is that today, after first 350-400 $ profit i added a second position in recovery of a losing one. Usually i never do that. I came out of it pretty well, but evidently i need to work more on discipline. The template needs some adjustment, i'm working on it right now. Sometimes i'm not at ease with it when market is not trending, as scalper i hate to wait the correct setup, but i have to. So, i'm looking for a solution that allows me to keep the good signal on trending market and allows me to recognize when there is the space for a quick...
You know what happened to me yesterday, when I added positions
I had a look on it again this morning and actually I was down by 360 Points yesterday before I traded the News on Gold which really saved my a$$...
I will never ever do it again, thats for sure!

Well, regarding the scalping thing... It is actually quiet the same for me! Iam not really the most patient guy, I want to have it FIFO (fast in, fast out). It is almost a horror for me to hold positions for more than 20 minutes, even hours

maybe we have to work on a template for ranging days! using the 3 point chart on a 1 point Chart or something similiar.

will check the Chart when I get home to see what de DE30 made today. I saw on my phone that it had a nice downmove after NY open.
Will post some Charts later!
  • #207
  • Aug 7, 2014 11:07am Aug 7, 2014 11:07am
Quoting Jeffray
{quote} You know what happened to me yesterday, when I added positions I had a look on it again this morning and actually I was down by 360 Points yesterday before I traded the News on Gold which really saved my a$$... I will never ever do it again, thats for sure! Well, regarding the scalping thing... It is actually quiet the same for me! Iam not really the most patient guy, I want to have it FIFO (fast in, fast out). It is almost a horror for me to hold positions for more than 20 minutes, even hours maybe we have to work on a template...

Yes, yes, i know. When i add position to recovery a losing one is ALWAYS and ONLY if i'm in profit for the day and if the loss became equal to day profit, i close all. And after i always think "you are an ass, there is no reason to do that". Trading is just this, a mind work, nothing else.

Regarding to 1 pip chart, i used to try so many times with indices but the volatility is too high in order to safely trade the 1 pip chart...see how many breakout traps...i'll see further if it can be done.

Attached Image (click to enlarge)
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First rule is not to lose. Second rule is not to forget the first rule...
  • #208
  • Aug 7, 2014 11:19am Aug 7, 2014 11:19am
thats what I think too. trading the 1 pip range bar is very choppy and fast! so we might have to work with pending orders and maybe a trendline EA to get the orders right in time placed on a really good entry point. otherwise the order might get slipped some points when there is a lot of volatility.
  • #209
  • Aug 7, 2014 1:55pm Aug 7, 2014 1:55pm
Quoting Jeffray
{quote} regarding this message.... I had the same issue with ICMarkets on my favorite DE30... At the beginning I did write the "standard" pip/point number in the "bars range" field. When I did this, I had the same error message like you have on oanda. Then I was really upset, because my offline chart lokked like a stupid picture with only some coloured points on it... After that I just played around with some templates and on one template was a spread indicator attached and it showed me that my spread was "800 points" (before FO). And I thought.......
you right... I had this problem on LQD mt4 as well, and the way you said worked
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #210
  • Aug 7, 2014 2:00pm Aug 7, 2014 2:00pm
Quote
General trend bband stop calculated on range bar chart 7 pip and short term trend bband stop calculated on range bar chart 3 pip. Main chart range bar 2 pip. MACD in separate window as momentum indicator.

on this image the lines of the indicator are set in one range but calculated on another?
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #211
  • Aug 7, 2014 2:07pm Aug 7, 2014 2:07pm
Quoting thefxpros
{quote} mmmhh...different result on nogap charts...maybe you need to adjust indicator settings.
I notice that in your images, your lines are much better than the lines on my chart with no gap
I'll try the gap indicator to see if the trend could be better
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #212
  • Aug 7, 2014 2:13pm Aug 7, 2014 2:13pm
Quoting thefxpros
{quote} Here you go....50 trades, 14 losses. NEVER worry about the loss, if you do all according your trading plan, and your trading plan is proved to be good and robust, collect the loss and go ahead. now i leave and need a shower because after 50 trades, my brain is smoking...literally. {image}
if you win with a percentage above %65, you are a cash cow...

I will try range bars next week, and I'll post results.
  • #213
  • Aug 7, 2014 2:31pm Aug 7, 2014 2:31pm
Quoting thefxpros
{quote} It was an exiciting day yesterday
for me, was a pretty tiring day... I'm about to move go to nz, a lot of things to settle up over here... I hope everything goes ok

Quote
Aaaahhh damn.... you are right! Its 3 and 4 points. So i will stick to de30 which has 1 point spread
there is 1 point fixed? what it is the broker my friend? oanda is about 1~2.5... I thinking in make and EA to mt4 and 1 pip fixed could be good

zero on ninja trader would be better, of course, but the EA is praticaly made it, soh would be funny leave it working for a month... just to see
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #214
  • Aug 7, 2014 2:33pm Aug 7, 2014 2:33pm
Quoting room217
{quote} on this image the lines of the indicator are set in one range but calculated on another?
mmmhh, what do you mean? it is a multi timeframe indicator, yes, it is calculated on 7 pip chart and plotted on my range bar 2 pip chart, it seems to me i wrote it.



Quoting room217
{quote} I notice that in your images, your lines are much better than the lines on my chart with no gap I'll try the gap indicator to see if the trend could be better
yes, that's the why i cannot trade well with a chart with no gap, the one no gapped looks so congested to me...



Quoting openyoureyes
{quote} if you win with a percentage above %65, you are a cash cow... I will try range bars next week, and I'll post results.
ok, let's hope to another no time-based charts trader . Cash cow? Well, i hope it lasts over time
First rule is not to lose. Second rule is not to forget the first rule...
  • #215
  • Aug 7, 2014 2:42pm Aug 7, 2014 2:42pm
yes, you wrote it... Now I get it why the lines are so different from my charts...
I'm doing this right now...
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #216
  • Aug 8, 2014 12:11am Aug 8, 2014 12:11am
Hey a question when i want to trade the 4hr or dailywhat range bar setting i musst use?
Everyday better.
  • #217
  • Aug 8, 2014 1:02am Aug 8, 2014 1:02am
Quoting thefxpros
{quote} It was an exiciting day yesterday {quote} Hi, nice to meet you, welcome here... Well, the entry criteria is try to enter in the main trend direction, but the system is good also for capture trend change. Don't use it on currencies, since i didn't test it with them but i suspect that it would not give good results since their low volatility. This system require lowest spread as possible, my good results depend deeply by the lack of spread. Typical trend trading entries: {image} Take a look in the first post, there are several screenshots...

cheers, such small RB's can make a quiet currency seem busy. I'll look into a couple of indices aswell.

doc.
  • #218
  • Aug 8, 2014 3:10am Aug 8, 2014 3:10am
Quoting room217
there is 1 point fixed? what it is the broker my friend? oanda is about 1~2.5...
well, during asia session it goes up to 8 points!
when Frankfurt opens it goes down to 2 points.
and when London opens it is only 1 point the rest of the day. At least as far I had an eye on it. Don't know how it is when its late evening here in Germany because I stop trading at 5 or 6 pm here...

nice one to move to NZ! Haven't been there yet but I fell in love with Australia
Where about you from?

EDIT: sorry, forgot to mention the Broker. Iam with ICMarkets, just Google it. (btw Iam not recommending nor advertising anything regarding broker )
  • #219
  • Aug 8, 2014 3:45am Aug 8, 2014 3:45am
Quoting arlucad
Hey a question when i want to trade the 4hr or dailywhat range bar setting i musst use?

mmmhhh, try a size of 15 - 20 pip per bar...
First rule is not to lose. Second rule is not to forget the first rule...
  • #220
  • Aug 8, 2014 4:20am Aug 8, 2014 4:20am
a quick one

in line with the trend, out for +12.8 points

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