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5 PIPS - Only Five

  • #761
  • Nov 12, 2014 10:24am Nov 12, 2014 10:24am
Quoting rcsltd
I read the first page of a "Teach Yourself French" book once and, to this day, I still can't speak French. I have no idea why!
rcsltd, you don't have to learn the language of the enemy as the French never do.
  • #762
  • Nov 12, 2014 11:10am Nov 12, 2014 11:10am
Quoting JoeNY
This was posted in the Favorite Trading Myth's Thread by member Trader34. FX Viper is closing trades in the average of 7 pips and trades with decent capital. His My FX book here Fact or fiction.... Your method is your method. Practice Practice Practice http://www.youtube.com/watch?v=QCi1Sl2LYn0
Thanks Joe, Looks v interesting. I have only glanced at it at the moment, but he is trading 19 -20 lots, no SL, current drawdown on 2 trades "158 pips," = -$31,470. Which is still only 4.56% of his account. Held a trade for 16 hrs for 5.9 pip gain. $689,867.32 Balance so he can afford the drawdown. He is only trading EU. He has a pip expectancy of just 3.9 pips, but he has a target of anywhere between 28 - 54 pips, so as he has an expectancy of 3.9 pips he must be using a trailing stop.

I will comment again when I have watched the video.
Cut your Losers short and let your Winners run.
  • #763
  • Nov 12, 2014 3:10pm Nov 12, 2014 3:10pm
Quoting tk5
{quote} listen Fred...simply open a M15 chart...look at it... Apply 5 EMA with 2 shift. candle crosses 5ema..next opens inside... you can easily take 5 pips and get hell out. There will surely be 5 even more there..FOR SURE! please do it now....see how many such short movements you can do. Did you see?? It's so simple.
Hi
The idea seems simple, but I have a question:
what do you mean by 2 shifts an d by next opens inside? opens inside what?
Thanks ;-)
On my way to financial independence - if others can do it - I can do it
  • #764
  • Nov 12, 2014 3:18pm Nov 12, 2014 3:18pm
Quoting Eur Usd
{quote} Hi The idea seems simple, but I have a question: what do you mean by 2 shifts an d by next opens inside? opens inside what? Thanks ;-)
Shift is one of the parameters in the settings for the MA in MT4 and opening inside means a second HA candle opening on the same side as the trigger candle closes.
Getting there, slowly but surely...
  • #765
  • Nov 12, 2014 5:13pm Nov 12, 2014 5:13pm
Nobody realized it as yet!!!! Other MAs do not show correctly in the previous Dashboard, Error corrected,
Attached File(s)
File Type: mq4 Dashboard 5 Pips Only -r v2.mq4   9 KB | 596 downloads
  • #766
  • Nov 12, 2014 6:07pm Nov 12, 2014 6:07pm
Would this help the divergence fans?

Moonie

Attached File(s)
File Type: ex4 Stochastic_Divergence.ex4   12 KB | 514 downloads
  • #767
  • Nov 12, 2014 10:23pm Nov 12, 2014 10:23pm
For those of you who haven't watched the video posted by JoeNY (see #Post 760), it's another little GEM that highlights some of the key aspects of being/becoming a good trader. Well worth watching. a Good trading day to all..
No Trend, No Trade!!
  • #768
  • Nov 12, 2014 10:41pm Nov 12, 2014 10:41pm
As you can see, this or any other so called "system" or so called "stategy", fails long term.

You cannot predict the future, and any indicator you add is lagging, always.
The Black Swan: The Impact of the Highly Improbable
  • #769
  • Nov 13, 2014 1:11am Nov 13, 2014 1:11am
Quoting MapleLeaf
As you can see, this or any other so called "system" or so called "stategy", fails long term. You cannot predict the future, and any indicator you add is lagging, always.
oh really?? then why such pessimistic one signed up for FF. why bother.
always draw trendlines
  • #770
  • Nov 13, 2014 1:28am Nov 13, 2014 1:28am
Quoting MapleLeaf
As you can see, this or any other so called "system" or so called "stategy", fails long term. You cannot predict the future, and any indicator you add is lagging, always.
Can you show where it fails long term because although u said 'as u can see', you have failed to point it out??
  • #771
  • Nov 13, 2014 2:57am Nov 13, 2014 2:57am
DEE do you have something on eye today? For buy or sell?
  • #772
  • Nov 13, 2014 2:59am Nov 13, 2014 2:59am
Quoting Kubiasty
DEE do you have something on eye today? For buy or sell?
sell on eurcad right now hurry tp 1.39
  • #773
  • Nov 13, 2014 4:07am Nov 13, 2014 4:07am
Here's two trades in which it didn't work.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UC_SL.png Size: 35 KB
Click to Enlarge Name: UJ_SL.png Size: 35 KB
Porta itineris dicitur longissima esse
  • #774
  • Nov 13, 2014 4:16am Nov 13, 2014 4:16am
Quoting bubincka
Here's two trades in which it didn't work. {image} {image}

look at both those charts and tell me.. where is the momentum?

jeez.

All you need to do is look at the last 2 hours worth of candles to see in which direction profit is waiting.
  • #775
  • Nov 13, 2014 4:21am Nov 13, 2014 4:21am
Quoting leeshindig
{quote} look at both those charts and tell me.. where is the momentum? jeez. All you need to do is look at the last 2 hours worth of candles to see in which direction profit is waiting.
I take your point, but both trades are according the rules and it is by definition a strategy to catch reversals.
Finally, I ask you a courtesy, don't be harsh, today's World Kindness Day 2014..
Porta itineris dicitur longissima esse
  • #776
  • Nov 13, 2014 4:22am Nov 13, 2014 4:22am
Quoting bubincka
Here's two trades in which it didn't work. {image} {image}
Your Order was Long when the MA was Down
  • #777
  • Nov 13, 2014 4:46am Nov 13, 2014 4:46am
C'mon, screenshots were taken afterwards, it's evident that at the moment of entries MA was pointing up!
Porta itineris dicitur longissima esse
  • #778
  • Nov 13, 2014 4:53am Nov 13, 2014 4:53am
Quoting bubincka
Here's two trades in which it didn't work. {image} {image}
theres no proper rule here..
theres your brain and eyes.
who asked you to buy at that point seeing marketing is down..and price under 200

thers no miracle in forex mate where you simply do sth and it works immediately and all the time
always draw trendlines
  • #779
  • Nov 13, 2014 4:54am Nov 13, 2014 4:54am
Quoting Moonie
Would this help the divergence fans? Moonie {file}
Hi Moonie, could you elaborate on how this is supposed to work?

Thanks!
Life is like a snickers, its full of nuts!
  • #780
  • Nov 13, 2014 6:21am Nov 13, 2014 6:21am
Quoting tk5
{quote} theres no proper rule here.. theres your brain and eyes. who asked you to buy at that point seeing marketing is down..and price under 200 thers no miracle in forex mate where you simply do sth and it works immediately and all the time
please note that for usdjpy entry px is over 200. But to be a reversal strategy market should necessarily be down to finally reverse up ! Otherwise what the MA crosses mean to this strategy ??
Porta itineris dicitur longissima esse
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