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  • #4,661
  • Oct 2, 2014 10:54am Oct 2, 2014 10:54am
Quoting Indrek
Meanwhile, I post a trade that was based on indicators. Just to remind how it works {image}
Could you explain the trade please? What rules were you using when you took that trade?
  • #4,662
  • Oct 2, 2014 10:57am Oct 2, 2014 10:57am
Quoting sriniff
{quote} Could you explain the trade please? What rules were you using when you took that trade?
Rules are still the same as they were. As you see, candle closed under Kijun and all indicators confirmed.
  • #4,663
  • Oct 2, 2014 11:26am Oct 2, 2014 11:26am
Quoting stevepatt
{quote} Hi mara, It comes down to the TF we trade, we have trends within trends within trends. On H1 there is a nice down trend that has developed. On W1 this is just a pullback, in the long term up trend. On D1, where I trade, I see it only as a pullback and wait for market reaction at the level I have marked. As long as we know where we are in the bigger picture it can be very profitable to trade lower TFs, as fx_mig has also been doing. I never try to predict where the market is going I just follow the price. The best I can do is to mark levels...

You are absolutly right, predictions are for analists and economists not for serious traders, and the funny thing about analists and economists is that 50% of their time are telling you what will happen in the markets and the other 50% of their time they are trying to explaint you why It did not happen what they said, we as Traders have to act according to market movements and not based in any kind of furtune teller.

Regards
Indicators always obey Price, not the other way.
  • #4,664
  • Oct 2, 2014 12:19pm Oct 2, 2014 12:19pm
Quoting maxtrader
{quote} You are absolutly right, predictions are for analists and economists not for serious traders, and the funny thing about analists and economists is that 50% of their time are telling you what will happen in the markets and the other 50% of their time they are trying to explaint you why It did not happen what they said, we as Traders have to act according to market movements and not based in any kind of furtune teller. Regards
I know maxtrader I didn predict anithing read my posts

I just saw and I get the 175 anyway I know what about u talking,Im too long on fx market
  • #4,665
  • Oct 2, 2014 8:04pm Oct 2, 2014 8:04pm
Quoting mara1
{quote} I know maxtrader I didn predict anithing read my posts I just saw and I get the 175 anyway I know what about u talking,Im too long on fx market

You should be the one who must read carefully, I was not talking about you, if you read what I wrote I was talking about financial analists and economists, unless of course you are one of these two, and I dont know what are you saying about 175, if It has to do with some pips you gained congratulations.

Other than that have a great trading day
Indicators always obey Price, not the other way.
  • #4,666
  • Oct 2, 2014 9:43pm Oct 2, 2014 9:43pm
Quoting Indrek
{quote} Rules are still the same as they were. As you see, candle closed under Kijun and all indicators confirmed.
Your chart shows stochastic near oversold level though? Still okay to enter?
Enter Signature
  • #4,667
  • Oct 2, 2014 9:46pm Oct 2, 2014 9:46pm
Quoting san99
{quote} Your chart shows stochastic near oversold level though? Still okay to enter?
In fact, many best entries according to this system are right before Stochastic shows oversold/overbought. It is when there is a good trend and we enter into continuation of the trend.
But in this case it was not near. I just checked - Stochastic was even above 50.
I added 50 level to Stoch now to avoid confusion.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-admiral-markets-as (1).png Size: 61 KB
  • #4,668
  • Oct 2, 2014 10:54pm Oct 2, 2014 10:54pm
EUR/USD D1

Pending Sell Stop below yesterdays candle, after a pullback in the trend.

Target at Weekly Support/Demand level.
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd Oct 14 EUR:USD D1 Chart.png Size: 134 KB
  • #4,669
  • Oct 2, 2014 11:08pm Oct 2, 2014 11:08pm
ok stevepatt
but would you mind share your current template ?
  • #4,670
  • Oct 2, 2014 11:21pm Oct 2, 2014 11:21pm
Quoting cavenlee92
ok stevepatt but would you mind share your current template ?
Hi cavenlee92,

Here's the template I'm using
Attached File(s)
File Type: tpl @@@@@@@@NihilistTrendTrading.tpl   37 KB | 616 downloads
  • #4,671
  • Oct 2, 2014 11:33pm Oct 2, 2014 11:33pm
Quoting stevepatt
{quote} Hi cavenlee92, Here's the template I'm using {file}
thanks stevepatt
and maybe this pair also can set the pending ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 167 KB
  • #4,672
  • Edited 1:28am Oct 3, 2014 1:11am | Edited 1:28am
Quoting stevepatt
EUR/USD D1 Pending Sell Stop below yesterdays candle, after a pullback in the trend. Target at Weekly Support/Demand level. {image}
StevePatt,
Trading the daily chart, do you move your pending entry with every candle(under or over) that is formed, or where the trend started the pullback(almost like a fractal breakout continuation trade setup)? Example-you currently have a pending short now on E/U, do you move it up if another candle or two or three is formed higher? Hope it's understandable. How many pips away from top/bottom is your pending? You're doing real well on the daily. Congrats.


Cheers
  • #4,673
  • Oct 3, 2014 2:39am Oct 3, 2014 2:39am
Quoting MKFXTrader
{quote} StevePatt, Trading the daily chart, do you move your pending entry with every candle(under or over) that is formed, or where the trend started the pullback(almost like a fractal breakout continuation trade setup)? Example-you currently have a pending short now on E/U, do you move it up if another candle or two or three is formed higher? Hope it's understandable. How many pips away from top/bottom is your pending? You're doing real well on the daily. Congrats. Cheers

Hi MKFXTrader,

If I'm not triggered into a trade I adjust my EP/SL at the end of each day.

The USD/JPY Chart below demonstrates this.

When Buying I place a pending Buy Stop +5 pips +Spread

When Selling I place a pending Sell Stop -5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd Oct 14 USD:JPY D1 Chart.png Size: 116 KB
  • #4,674
  • Oct 3, 2014 3:46am Oct 3, 2014 3:46am
TP hit on GBPUSD

+149 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB
  • #4,675
  • Oct 3, 2014 4:04am Oct 3, 2014 4:04am
Quoting cavenlee92
{quote} thanks stevepatt and maybe this pair also can set the pending ? {image}

Hi cavenlee,

Too much Support/Demand below to consider this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd Oct 14 EUR:CAD D1 Chart.png Size: 115 KB
  • #4,676
  • Oct 3, 2014 4:34am Oct 3, 2014 4:34am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 41 KB

Attached File(s)
File Type: ex4 FXi Waves AutoTrend.ex4   33 KB | 770 downloads


Hi Guys,
Can anybody out there shed some light on this indicator please,any information would be appreciated,
Joy to ya,
GW
IMPROVISE ADAPT OVERCOME
  • #4,677
  • Oct 3, 2014 5:26am Oct 3, 2014 5:26am
Everyone is getting set for the NFP News
It's not what you DO, it's HOW you do it.
  • #4,678
  • Oct 3, 2014 5:40am Oct 3, 2014 5:40am
Wow! it's great trading while there's high volatility with a really good strategy
It's not what you DO, it's HOW you do it.
  • #4,679
  • Oct 3, 2014 6:17am Oct 3, 2014 6:17am
Many thx for powerfull strategy. I did not have the patience to read all 234 pages branch.
Is it possible to use this strategy on the D1? What MM is most suitable?
  • #4,680
  • Oct 3, 2014 7:07am Oct 3, 2014 7:07am
Quoting bellduke
Many thx for powerfull strategy. I did not have the patience to read all 234 pages branch. Is it possible to use this strategy on the D1? What MM is most suitable?

Have you read any pages of the thread, like maybe the one you posted on?
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