it's a small matter

looking like, what I found, it seems very interesting operation in D1 and H4, the 16th entry in 1.5970 SL 1.5870 would have given a score on the 21st 200 pips profit. I like it !!
it has settings for period 3?

UOUuu!!! according semaphore, good time for a buy 0.88 SL 0.87

Awesome! I was close at least with the caliber lol

Not sure if you've had the chance to answer my PM from a little while ago?

closing everything with a 'n' in it.... today will be a little risker than this small account can take..... there is no tellin what's in store for todays 3pm cash rate and statement..... will renter slowly at better prices if given a chance .....h
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began using fxcm's metatrader platform, attached explorer, in earnest this week.....

slowly moving my now defunct ibfx platform personal indicators and ea's into fxcm..... some will not work, or must be reworked, most notably those based on marketinfo (mode_swap)..... fxcm does not support that function.......

noticed something unusual..... the ea's with spread components ran but were getting hosed up...... after running some of the spread dashboards it's appears quite often the spread will be negative..... the dashboards use 2 technique's, both marketinfo (mode_spread) and the math ask-bid to verify each other..... the chart below shows max spread and min spread observed.....

this must be looked into in much more detail..... will rewrite that ea to be more fxcm specific and run full time beginning sunday.....

but before scalpers or hedgers jump for joy on negative spreads, remember there are commissions on both sides......h

//------- more later 7:30 news

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rough week..... managed to crawl away with about 5300 in etradefx with just over -300 in the red left standing...... fxcm account can be seen above.....
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for the next few months my primary focus will remain on the euro...... the monthly eurnzd, eurcad, euraud, eurusd and eurgbp charts continue to deteriorate..... a november 2 or 3 week across the board countertrend eur rally exists...... i see that possibility as a good thing..... it gives the chance to travel the same ground twice.....

next week might be slower..... that also is seen to me as a good thing.... as mentioned at the first of the month, the 2012 lows are my long range targets.....

there should be 1000 pips per pair range between now and year end.... 8 weeks..... 5000 combined....... will try to run the fxcm account up to 5k to start 2015 with......h
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How have you been sourcing power for a computer/monitor while in the middle of a forest?

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hey grin..... the laptops will usually run for 3 to 4 hours on it's battery alone..... the verizon wireless cards will last about the same..... several stands were i commonly stay longer than those times have a regular 12 car battery outside with leads run inside were I can plug in an ac/dc inverter or cigarette lighter type dc power source....

within reason, i have almost unlimited access to telephone supplies..... prior to the wireless days, back in the dialup internet era, i dial tone in several stands miles back in the woods from my house .....

and all that might seem strange until you understood my true point of it all..... did you by chance see poundtraders video of the forex daytrader......... good one pt..... well my deer stands are just a hayseed forex daytrader version of that video.....

imagine me backpacking in my laptop, gun and all to a deer stand..... or when it's not hunting season just collecting pine knots for the fireplace along the way to the deer stand.... or on and on..... really see more deer lookin out my office window..... the picture below is the same view as in my profile.....

just a hayseed here..... nothing more......h

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about a hour ago the utter complete ignorance of fifo rule was again made plain.... possibly a dozen or more orders were closed out by the platform at a unnecessary loss due to adhering to the fifo rule.... a single order on each the eurnzd and euraud hit their profit target and every 'older' order was closed out prematurely..... those orders did not hit their profit target nor did they hit their stoploss..... the fifo rule forced them to be closed......

the true fault was mine..... i have ea's that search through all orders and assure each order has targets with respect to their orderopentime()'s but had neglected to have it running..... that brief eur spike down which was very much to my favor set the chain reaction in motion.....

it was relatively few orders and little money, but brings to light the fact that bureaucrats have no business regulating something they do not understand.......

and again, the true fault was mine.....h
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might be fixin to take a beatin this afternoon with aud 6:30 cst news..... will give the euraud plenty of rope to hang me with.....

it's often best to trade from the inside out..... meaning, buy once the price rises thru the bb bands and sell when it falls below..... so last weeks euraud trade would be a sell, and i did..... things change......

todays news might put me on the wrong side of that trade logic...... but still expecting the weekly head and shoulders pattern.... it's been several months since the video below, patterns on the weekly scale take time..... approx. 40 weeks to completion......

bottom line, red might be the color of the day..... will risk all of the past 8 days profit + 400$ in the fxcm account...... and all the past 8 days profit + 4k$ in the etrade account...... hey, it's just money.......h

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goooood grief..... fixin to take a ride up to the narrows dam in the ozarks and forget this week..... well that's not entirely true..... will drive up to the lake, good time to pick up acorns, but will not forget this week's trades...... prefer to learn from them......

probably my worst week so far this year...... why..... why trade so hard on the euraud...... why so many losses.......

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-> the why so hard the euraud.....

first, it has to do with the sunday gap, and that is not meant to debate the existence of gaps....... gaps have a tremendous fill rate.... a simple ea or indicator can prove such...... just about the only type gap that never closes is a 'break away' gap..... these are often seen at market bottoms, tops or unprepared for news..... sunday had none of those..... so my thoughts were the gap should fill within a reasonable time..... it hasn't......

second is the weekly and daily head and shoulders patterns..... those patterns have been found highly reliable by many of the best market technicians.....

third is just the fundamental difference between the eur and aud.....

given all 3 above , the trade seemed a slam dunk...... and it was...... except hadn't planned on me getting the dunking......
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-> the why so many losses....

half were due to stoploss's being hit and half due to an attempt at repositioning..... the repositioning failed to work....
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if someone never fell they would be poorly prepared for a fall..... losses help prepare/avoid for future losses...... very often taking the loss is the best trade available..... when your boots are stuck so deep in the mud you can't move your feet, leave your boots..... move on..... take the loss..... at least you still have your socks......

moved some money out of etrade into fxcm account above, will add at least 1k more before year end......

the usd strength should strengthen both the cad, nzd and aud against the eur....... the euraud and eurnzd weekly charts stochastic have fell below 80...... that is not oversold...... have high hopes for next week.....h
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Also got spooked by early week, beginning of the month price action ... . Did not enjoy the intratrade drawdown as it was shaping up, but managed to hang in there ... . I had previously told myself to stay out of beginning of the month/beginning of the quarter trading as it always seems to be somewhat jarring ... .

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hey zebra.... yeah, there is always that end of quarter window dressing funds go thru..... and when the next one begins others will enter at better prices which whipsaws prices everywhere..... so many funds and etf's are bound by their bylaws which often force them to trade in manners they rather not......

my hesitation in adding too heavily to existing eur shorts this week is that the aud, cad, usd and nzd are all at or well passed their 4 hour average zigzag..... this often hints that a 100 pip counter move is to be had within the next 200 pips...... so with the exception of the eurgbp, the risk in the other 4 , on average, is 100 pips against me....

kinda need a good month here so my risk tolerance is, well,,,,, about triple what would be normally comfortable......

etrade finished last month up a little over 10k, lookin for twice that this month......h
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Fortunately, I bailed out of all of my positions last week as a net profitable basket. I don't usually do that, looking at trades on a per-pair basis to see whether the net position for that pair is profitable (the joys of FIFO). The beginning-of-the-month intratrade drawdown for the basket had me somewhat spooked, so I figured it was best to clear the deck, breathe for a little bit, and then start wading back in this week ... .

Awesome dashboard, by the way ... . Hope the change in directionality is short-lived ... .

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eurusd directional changes this morning reminded me of the switchbacks going up pikes peak.....

when looking at the max monthly atr's , it's easy to see even the most unbelievable targets are within a few months reach.......h

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Which reminds me that I should look at monthly's more often ... . Puts things in big picture perspective ... . Additionally, the Euro crosses all appear to be at long-term support, which spells bounces (opportunities for good short entries) or apocalyptic breakouts ... . Given the fact that the ECB is so far behind the curve in taking steps to ease, I am thinking weakening Euro for some time to come ... .

hi haysee... Please let me know how did you determine the news will be favorable to USD tow days before. recent history also unfavorable to USD. But you were sure about the news & increased the lot size as well at the last movement. please explain
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hey iresh.... it's easier to reply here..... first, no one really knows how the markets will react to the news..... even the best news can hurt a currency and even the worst news can help it..... even if we did know the news two days before, we would probably still miss read the outcome......

you must disregard my past 2 weeks trading cause it has been truly terrible, one mistake after another.... i have made plenty money in all accounts but plot my trades on a chart and you'll see the worst entries and the worst exits.... use the indicator below to plot your trades..... and use this indicator on any daily chart to see your day to day results..... the charts below are my trades and are not something to be proud of......

getting back to the news, i probably did not increase my lot size much in the fxcm account cause it's small.... but total lots climbed due poor entry timing not allowing for exits..... my fxcm lot size will stay usually be 0.01 or 0.02 until the account doubles..... it's a small standard account so that's only 10 and 20 cents a pip........ once the account is at 40k, usual trades will be 1 or 2 mini lots or 1 and 2 $'s a pip..... at 100k, 1 standard lot per trade will be normal..... there is no rush.....

will continue to buy any extreme usd weakness and sell any extreme eur strength..... i will assume any usd news will be good, but not know how the markets will react.... and will assume any eur news will be bad, and again will not know how the markets will react.....

the eur is heavily oversold and market is heavily short..... risk is for a vicious short squeeze.....

will try to get back in sync next week with the markets and should do better...... now be honest, aren't those some pitiful trades below......h
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Thank you Hayseed, it is a helpful indicator.

Hi Hayseed.Thanks for sharing all this great info here.

Would you mind sharing the Peyton ma that does not plot the text and the vertical lines.Only the MA itself.

Wishing you continued success with all you endeavors trading and otherwise.

PS - If you love hunting you should visit South-Africa.Personally I dont hunt but my mates love it.

All the best

Rooi.

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hey rooi..... that is just alan hulls moving average, the hma below...... wizardserg and fxigor changed it up some for their purpose, as in the tsr below..... and i changed it further for mine.....

been workin on a ea to trail or lead pending orders based on the hma tunnel, as in the 'vegas tunnel' wealth builder..... my idea is to have the orders rise or fall in step with hull ma +/- multiples of the atr, or something else.....

it has been anything but a wealth builder lately.... still workin on it..... hopefully it will turn around before i'm broke.......h
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