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  • #5,461
  • Nov 26, 2014 9:41am Nov 26, 2014 9:41am
Quoting crkjl
Hello, I'm having a problem with SL in my trades. I'd like to follow Nihilist recommendations for "Last flat area of Kijun Sen over the signal candle (+) spread (+) 4/5 pips" but I've found that my broker in the pairs when I try to enter a SL it must be up or down a lot of pips from market price. For example, in GBPJPY SL must differ from market price by at least 108 pips. This is a lot more pips than recommended SL. Have anybody this situation? Any suggestion? Regards and sorry for my newbie question.

Hi crkjl;

Is that 108 pips or 10.8 pips?

Because 10.8 pips seems a lot to have to be away from market price to enter a trade.
  • #5,462
  • Nov 26, 2014 10:11am Nov 26, 2014 10:11am
Quoting stevepatt
{quote} Hi crkjl; Is that 108 pips or 10.8 pips? Because 10.8 pips seems a lot to have to be away from market price to enter a trade.
Hi stevepatt, yes they are 108 pips with 5 digits. this is happening in a lot of pairs. I'm attaching trade window for EURUSD (most common). As you can see 40 pips must differ from market price if you want to add a Pending Order or SL or TP.

I'm working with XM.
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
  • #5,463
  • Nov 26, 2014 10:31am Nov 26, 2014 10:31am
Quoting crkjl
{quote} Hi stevepatt, yes they are 108 pips with 5 digits. this is happening in a lot of pairs. I'm attaching trade window for EURUSD (most common). As you can see 40 pips must differ from market price if you want to add a Pending Order or SL or TP. I'm working with XM. Regards {image}
4 pips ... not 40
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,464
  • Nov 26, 2014 9:20pm Nov 26, 2014 9:20pm
Quoting stevepatt
{quote} Hi kholid; Sometimes it's easier to look at the chart and read what it's saying. Momentum-Test-Price Action it's the same on all TFs. Once you get used to looking for this you will see it everywhere. {image}
Interesting - thanks for illustrating this Steve!
  • #5,465
  • Nov 27, 2014 1:23am Nov 27, 2014 1:23am
Quoting stevepatt
{quote} Hi crkjl; Is that 108 pips or 10.8 pips? Because 10.8 pips seems a lot to have to be away from market price to enter a trade.
Hi Steve,
Would you mind please explaining the thought process that you go through when considering to close a loosing trade ?
Many thanks,
GW
IMPROVISE ADAPT OVERCOME
  • #5,466
  • Edited 2:55am Nov 27, 2014 2:34am | Edited 2:55am
edit:forget about it
  • #5,467
  • Nov 27, 2014 3:07am Nov 27, 2014 3:07am
Quoting ghost walker
{quote} Hi Steve, Would you mind please explaining the thought process that you go through when considering to close a loosing trade ? Many thanks, GW

Hi ghost walker;

This is an area of my trading that needs work.

I find it very hard to exit a losing trade manually, psychologically I find it difficult to except a loser.

It's something I'm working on, the charts below might help.

Exit when you see PA going against your trade but, again that's something I find hard to do. Check AUD/USD, below, to see an example of this.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27th Nov 14 GBP:USD D1 Chart.png Size: 113 KB
Click to Enlarge Name: 27th Nov 14 AUD:USD D1 Chart.png Size: 137 KB
  • #5,468
  • Nov 27, 2014 3:23am Nov 27, 2014 3:23am
Quoting stevepatt
{quote} Hi ghost walker; This is an area of my trading that needs work. I find it very hard to exit a losing trade manually, psychologically I find it difficult to except a loser. It's something I'm working on, the charts below might help. Exit when you see PA going against your trade but, again that's something I find hard to do. Check AUD/USD, below, to see an example of this. {image} {image}
Hi Steve,
I also struggle in this area and it is probably my weakest link,thanks again for your time,all the best,
GW
IMPROVISE ADAPT OVERCOME
  • #5,469
  • Nov 27, 2014 4:15am Nov 27, 2014 4:15am
what you think of GBPAUD 1h chart
  • #5,470
  • Nov 27, 2014 4:40am Nov 27, 2014 4:40am
Quoting stevepatt
{quote} Hi ghost walker; This is an area of my trading that needs work. I find it very hard to exit a losing trade manually, psychologically I find it difficult to except a loser. It's something I'm working on, the charts below might help. Exit when you see PA going against your trade but, again that's something I find hard to do. Check AUD/USD, below, to see an example of this. {image} {image}
My exit point would have been at that bullish enfulging candle . Just sayin
Make choices and don't look back !
  • #5,471
  • Nov 27, 2014 4:57am Nov 27, 2014 4:57am
Quoting Purec
{quote} My exit point would have been at that bullish enfulging candle . Just sayin

Hi Purec;

Exactly right, but knowing it doesn't always mean do it something I've got to work on
  • #5,472
  • Nov 27, 2014 5:02am Nov 27, 2014 5:02am
Quoting braciola
what you think of GBPAUD 1h chart

Hi braciola;


I would advise everyone to take a look at things like this and work on the best levels to look for Trades.

I know it's easy with hindsight but as long as you keep doing the same things you should keep getting the same results.

Look for Market Structure

Look for Momentum

Look for a Test

Look for PA
Attached Image (click to enlarge)
Click to Enlarge Name: 27th Nov 14 GBP:AUD H1 Chart.png Size: 112 KB
  • #5,473
  • Nov 27, 2014 3:07pm Nov 27, 2014 3:07pm
Is it possible to write EA baded on Nihilist's indicator?
Who can help me?
  • #5,474
  • Nov 27, 2014 3:41pm Nov 27, 2014 3:41pm
Quoting stevepatt
{quote} Hi kholid; Sometimes it's easier to look at the chart and read what it's saying. Momentum-Test-Price Action it's the same on all TFs. Once you get used to looking for this you will see it everywhere. {image}
Steve, Really inspirational work - changed my way at looking at charts and price action in the last few weeks
  • #5,475
  • Nov 28, 2014 1:44am Nov 28, 2014 1:44am
[Quote = stevepatt; 7903801] {quote} Hi braciola; Vorrei consigliare a tutti di dare un'occhiata a cose come questo e lavorare sui migliori livelli per cercare Trades. Lo so che è facile con il senno di poi, ma fintanto che si mantiene facendo le stesse cose che si dovrebbero tenere ottenendo gli stessi risultati. Cercare Struttura del mercato Cercare Momentum Cercare uno sguardo test per PA {image} [/ quote]
I had seen good
  • #5,476
  • Nov 28, 2014 2:47am Nov 28, 2014 2:47am
EUR/USD D1
AUD/USD D1
NZD/USD D1

Three trades all in line with the Primary Trend and either Inside Candles or Pin Bars setting the Trade up.

I'm going to try taking 50% Profit at 1:1 and allow the remaining 50% to run.

I just keep repeating what works for me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 28th Nov 14 EUR:USD D1 Chart.png Size: 138 KB
Click to Enlarge Name: 28th Nov 14 AUD:USD D1 Chart.png Size: 132 KB
Click to Enlarge Name: 28th Nov 14 NZD:USD D1 Chart.png Size: 138 KB
  • #5,477
  • Nov 28, 2014 3:11am Nov 28, 2014 3:11am
Hi stevepatt
sorry for the trouble. I must have missed your post regarding the settings of AllAverages and HMA_Russian. Could you please direct me the post.

Regards
Xbd14
  • #5,478
  • Nov 28, 2014 3:47am Nov 28, 2014 3:47am
Quoting Xbd14
Hi stevepatt sorry for the trouble. I must have missed your post regarding the settings of AllAverages and HMA_Russian. Could you please direct me the post. Regards Xbd14

Hi Xbd14;

I'm using the Babon Slope Indicator but the HMA Russian and (T_S_R)-Daily Range gives exactly the same thing.

I'm using two MAs on Daily Period=63 Method=1 Price=0 and Period 150 Method=1 Price=0 and on all other TFs just the 63.

I've used the 63 because it corresponds quite well with the Holygrail Indicator.

The MA used isn't important it's about using them in a constant way.
  • #5,479
  • Nov 28, 2014 4:23am Nov 28, 2014 4:23am
Quoting stevepatt
{quote} Hi Xbd14; I'm using the Babon Slope Indicator but the HMA Russian and (T_S_R)-Daily Range gives exactly the same thing. I'm using two MAs on Daily Period=63 Method=1 Price=0 and Period 150 Method=1 Price=0 and on all other TFs just the 63. I've used the 63 because it corresponds quite well with the Holygrail Indicator. The MA used isn't important it's about using them in a constant way.
Thanks steve much appreciated. Yes i understand MA used not that important if i cant understand the market structure. I am trying to learn and improve. I am backtesting and live with mico account. Your sharing helping me a lot like most others to learn.

Many pips to you

Regards
Xbd14
  • #5,480
  • Nov 28, 2014 5:02am Nov 28, 2014 5:02am
Quoting stevepatt
EUR/USD D1 AUD/USD D1 NZD/USD D1 Three trades all in line with the Primary Trend and either Inside Candles or Pin Bars setting the Trade up. I'm going to try taking 50% Profit at 1:1 and allow the remaining 50% to run. I just keep repeating what works for me. {image} {image} {image}
Personally . Not gonna enter till MRAL is not broken . You thought me this
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 359 KB
Make choices and don't look back !
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