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5 PIPS - Only Five

  • #321
  • Nov 3, 2014 6:27am Nov 3, 2014 6:27am
Quoting mwsteiner
{quote} nice mate! whats your settings? For me is EMA 200 and simple-ma5 shift 2 Greetz Michael
Was wondering if the attribute of 5ma price matters (i.e. typical, exponential, smoothed)?
  • #322
  • Nov 3, 2014 6:38am Nov 3, 2014 6:38am
Quoting leeshindig
{quote} Hey mate.. I'm using spread betting on this, and scalping fx in general. Try cap spreads.. their charts have Heiken Ashi.. and reasonable spreads on majors.
Thanks for this, I found I actually have an old Cap Spreads live account, so have given it a try, but unless three's a setting I've missed, the EMA can't be shifted?

Cheers
Getting there, slowly but surely...
  • #323
  • Nov 3, 2014 6:41am Nov 3, 2014 6:41am
Quoting Edlich
{quote} Thanks for this, I found I actually have an old Cap Spreads live account, so have given it a try, but unless three's a setting I've missed, the EMA can't be shifted? Cheers

To be honest I use mt4 and trade with caps.. just you said your SB didn't have HA.. which caps has.
  • #324
  • Nov 3, 2014 6:49am Nov 3, 2014 6:49am
I have been at the fx game for yrs with limited success , never posted before always avoided forums because ... well just because , you guys are a breath of fresh air , Thanks TK you have restored my faith
  • #325
  • Nov 3, 2014 6:57am Nov 3, 2014 6:57am
Quoting ArtflDodger
Thank you, Thank you, Thank you! One of the best posts I have read. After watching some BBC produced episodes on youtube about Traders, I have come to the conclusion. 80% of retail technical traders, have not a clue of how to make money. I actually got frustrated watching them. I have been doing the same thing for the past 3 months and have only had 2 losing days. 5 pips is ridiculously easy. Like you said, if you cant make 5. Get out of the business. My goal is 20 per day. Even 1 pip is a good day to me. As long as commish is covered. Thanks...
I am checking out those HA candles as well.....looks promising
  • #326
  • Nov 3, 2014 6:59am Nov 3, 2014 6:59am
Quoting tk5
{quote} yes good job, getting used to a tactic or strategy on demo always helps. -----however, guys...dont stay on demo too long. It generates instinct of fear from real market.----
My hat is off to you TK5....best thread on FF
  • #327
  • Nov 3, 2014 7:12am Nov 3, 2014 7:12am
Hi members,

anyone in the last trade? down move of e/u... fu**, me missed it, had a bath... expensive bath

I have marked my risk-tolerance (Sl) on my trades, for all the stoploss-seekers, it might help for finding a solution.

Tick-label above candle = short / Tick-label below candle = long / red trendline = stoploss area

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 23 KB


Regards

Chriss
  • #328
  • Nov 3, 2014 8:25am Nov 3, 2014 8:25am
Quoting chrissfx
Hi members, anyone in the last trade? down move of e/u... fu**, me missed it, had a bath... expensive bath I have marked my risk-tolerance (Sl) on my trades, for all the stoploss-seekers, it might help for finding a solution. Tick-label above candle = short / Tick-label below candle = long / red trendline = stoploss area {image} Regards Chriss
As 2:23 gmt, the price keep bouncing near 5 ema. It is so scary to enter. Wait for another round will you chrissfx?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm-m15-exness-ltd.png Size: 33 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym-m15-exness-ltd.png Size: 38 KB


Referring to the chart above, imagine how much pip you will gain throughout the day? You will not believe your own eyes.
  • #329
  • Nov 3, 2014 8:36am Nov 3, 2014 8:36am
Quoting chrissfx
Hi members, anyone in the last trade? down move of e/u... fu**, me missed it, had a bath... expensive bath {image} Regards Chriss
Here you can have mine for that trade, there are plenty more available.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5 pips 031114.png Size: 50 KB
Cut your Losers short and let your Winners run.
  • #330
  • Nov 3, 2014 8:44am Nov 3, 2014 8:44am
Quoting redwed
{quote} As 2:23 gmt, the price keep bouncing near 5 ema. It is so scary to enter. Wait for another round will you chrissfx? {image} {image} Referring to the chart above, imagine how much pip you will gain throughout the day? You will not believe your own eyes.

I will wait until news are done...
  • #331
  • Nov 3, 2014 8:46am Nov 3, 2014 8:46am
Quoting dee50
{quote} Here you can have mine for that trade, there are plenty more available. {image}
You took them all Great work!

Consequent trading at best level...
  • #332
  • Nov 3, 2014 9:53am Nov 3, 2014 9:53am
Quoting chrissfx
{quote} I will wait until news are done...
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym-m1-exness-ltd.png Size: 39 KB


Switched to 1 min chart, contrary to original setting. Anybody got their pips here?

Quoting dee50
{quote} Here you can have mine for that trade, there are plenty more available. {image}
Job well done!
  • #333
  • Nov 3, 2014 10:11am Nov 3, 2014 10:11am
So when i have to open position? When price hit or cross MovingAverage 5 ???
  • #334
  • Nov 3, 2014 10:21am Nov 3, 2014 10:21am
Please read the entire thread. Do yourself a favor and stop being lazy.....

Quoting Kubiasty
So when i have to open position? When price hit or cross MovingAverage 5 ???
SPC * Swollen PocketZ Crew!
  • #335
  • Edited 11:23am Nov 3, 2014 10:46am | Edited 11:23am
OK.
Regarding stop-loss (exiting).

I suggest all to manually control exiting. It's a shorter timeframe anyways.
Just observe and close if you believe the ratio of position size and equity can already harm each other.

or

you can go classic by putting SL 15 pips below last HA candle and 10 pips below last Jap candle.


Best starting time for trading..

Start locating trade set-ups one hour before opening of London (Europe lets say) and trade up until the FIX (4pm London time).
always draw trendlines
  • #336
  • Nov 3, 2014 10:51am Nov 3, 2014 10:51am
TK5,

With the kind of strike rate this generates I can see how this would work in the long run, but I anticipate a few concerned posts about a perceived negative R:R !
Getting there, slowly but surely...
  • #337
  • Edited 11:27am Nov 3, 2014 11:04am | Edited 11:27am
Now lets examine internal organs of HA.

Same set-up in two candles

HA
http://www.imagesup.net/?di=1514150336701


Japs
as you can see..even after long (first) candle breaking ema down it still moves down (later) and generates 12 pips!!! assuming you entered from second HA candle.
And in this example movement isn't big, candles not long and it's NZDUSD (pair with low daily pip ranges!!)...

http://www.imagesup.net/?di=0141503394511
always draw trendlines
  • #338
  • Nov 3, 2014 11:04am Nov 3, 2014 11:04am
Attached Image


my result today with a $30 account, think about that accumulated over a year.
YOUR MOTHERS ASS
  • #339
  • Nov 3, 2014 11:23am Nov 3, 2014 11:23am
Quoting JoeNY
Please read the entire thread. Do yourself a favor and stop being lazy..... {quote}
i read all... i still cant understand when open position... for sure...
  • #340
  • Nov 3, 2014 11:52am Nov 3, 2014 11:52am
Read it again, look at the charts of what others are doing and continue viewing new post while practicing on demo. This will take time...... Weeks, months, years...

Remember, you are trading price using a moving average as a guide. You will not be wasting your time watching price.

Quoting Kubiasty
{quote} i read all... i still cant understand when open position... for sure...
SPC * Swollen PocketZ Crew!
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