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Pip Farming

  • #21
  • Jan 19, 2015 1:30am Jan 19, 2015 1:30am
Quoting forexnetworth
Trading breakouts has been the foundation of my trading strategy over the years. I trade in a similar manner with few differences. This is a good, solid method of trading.
I agree... simple straight forward takes advantage of good moves....welcome along for the ride
Plan, Prepare, Execute, Repeat
  • #22
  • Jan 19, 2015 1:46am Jan 19, 2015 1:46am
Good to see you again ST...brilliant
  • #23
  • Jan 19, 2015 3:35am Jan 19, 2015 3:35am
Our E/C short position was reversed this morning...I will probably take 1/3 position at +50 pips and move the stop
Attached Image (click to enlarge)
Click to Enlarge Name: EC_Reverse_Long.png Size: 39 KB
Plan, Prepare, Execute, Repeat
  • #24
  • Jan 19, 2015 3:46am Jan 19, 2015 3:46am
Congrats on this new thread !

I will be here for you if you need me! Still reading what you send me the other day.

I am cooking something of my own too, i will share with you later

Take Care!
  • #25
  • Jan 19, 2015 3:49am Jan 19, 2015 3:49am
Quoting sconcha
Congrats on this new thread ! I will be here for you if you need me! Still reading what you send me the other day. I am cooking something of my own too, i will share with you later Take Care!
Hey Sconcha....good to see you here We will talk soon
Plan, Prepare, Execute, Repeat
  • #26
  • Jan 19, 2015 3:53am Jan 19, 2015 3:53am
Reversed on the E/J short as well
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_Reverse_Jan19.png Size: 38 KB
Plan, Prepare, Execute, Repeat
  • #27
  • Jan 19, 2015 4:44am Jan 19, 2015 4:44am
Looks very interesting, I shall follow along.

I did notice that you say in Post 1 about chart setup

" Apply the advanced fractal indicator with a setting of 9. (This is 4 lower H's on either side or 4 higher L's)"

and there is 1 chart that has 9 on it but since then the charts have a 7 - did you make typo mistake or change the settings and I missed that comment?

Thanks, John
It takes a lot for me to IGNORE you, but you can try.
  • #28
  • Jan 19, 2015 4:57am Jan 19, 2015 4:57am
Quoting Erebus
Looks very interesting, I shall follow along. I did notice that you say in Post 1 about chart setup " Apply the advanced fractal indicator with a setting of 9. (This is 4 lower H's on either side or 4 higher L's)" and there is 1 chart that has 9 on it but since then the charts have a 7 - did you make typo mistake or change the settings and I missed that comment? Thanks, John
Good catch Erebus....I was looking at the GBP/AUD pair when I typed this up and the 9 was something I was looking at on the long term chart just to see what difference it made if any and had not changed it back.

I use 7 for my 4 hr trading on the core pairs G/J E/J E/C and G/N....and those are the charts that you have been seeing.

I will make the change on the 1st post

Many Pips
Plan, Prepare, Execute, Repeat
  • #29
  • Jan 19, 2015 7:05am Jan 19, 2015 7:05am
Target hit in E/C...1/3 of position...
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Click to Enlarge Name: EC_target1.png Size: 36 KB
Plan, Prepare, Execute, Repeat
  • #30
  • Jan 19, 2015 7:45am Jan 19, 2015 7:45am
Losers are just a part of this game!
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Plan, Prepare, Execute, Repeat
  • #31
  • Jan 19, 2015 9:37am Jan 19, 2015 9:37am
1st target hit on E/J....we are farming some Pips today
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Click to Enlarge Name: EJ_target.png Size: 37 KB
Plan, Prepare, Execute, Repeat
  • #32
  • Jan 19, 2015 9:53am Jan 19, 2015 9:53am
Just got triggered long on the Dragon
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Plan, Prepare, Execute, Repeat
  • #33
  • Jan 19, 2015 10:43am Jan 19, 2015 10:43am
Quoting swingtrade65
Target hit in E/C...1/3 of position... {image}
That first target one third -would that be at the resistance on your at left bars 8-9 and 10 (Lows)?
every Saint has a past. Every Sinner has a Future
  • #34
  • Jan 19, 2015 11:00am Jan 19, 2015 11:00am
Quoting turnip15
{quote} That first target one third -would that be at the resistance on your at left bars 8-9 and 10 (Lows)?
turnip, no...that is purely a MM tgt to put some pips in the bank. I will generally trade in a size that lets me take off 1/3 or 1/2 at 50 pips and let the rest ride.
It is purely for smoothing out the equity curve due to the fact that about 65-70% of trades will reach the 50 pips mark but never turn into a trend that goes for 150 pips plus. Just managing risk and maximizing return as much as possible
Plan, Prepare, Execute, Repeat
  • #35
  • Jan 19, 2015 11:22am Jan 19, 2015 11:22am
Understood - long live statistics
every Saint has a past. Every Sinner has a Future
  • #36
  • Jan 19, 2015 11:33am Jan 19, 2015 11:33am
Quoting turnip15
Understood - long live statistics
Exactly!!! This is a math game whether anyone realizes it or not
Plan, Prepare, Execute, Repeat
  • #37
  • Edited 1:17pm Jan 19, 2015 1:16pm | Edited 1:17pm
@ swingtrade65, can you please tell us the broker that you are using for the posted charts?

Also, is that indicator on those charts the same as in Post 1?

Because I cannot replicate the latest trades in either GBP-JPY and EUR-JPY

See this chart, I even set the indicator to 3 but the last Arrows do not appear

Recent price action also seems to missing 1 red bar on my chart

Attached Image (click to enlarge)
Click to Enlarge Name: 20-01-2015 5-08-57 AM.png Size: 46 KB
It takes a lot for me to IGNORE you, but you can try.
  • #38
  • Jan 19, 2015 1:22pm Jan 19, 2015 1:22pm
i
Quoting Erebus
@ swingtrade65, can you please tell us the broker that you are using for the posted charts? Also, is that indicator on those charts the same as in Post 1? Because I cannot replicate the latest trades in either GBP-JPY and EUR-JPY See this chart, I even set the indicator to 3 but the last Arrows do not appear Recent price action also seems to missing 1 red bar on my chart {image}
Hi Erebus

I am using FXCM and their platform ..... Both of the indicators that I sm using are native to their platform if that answers your question
Plan, Prepare, Execute, Repeat
  • #39
  • Jan 19, 2015 1:37pm Jan 19, 2015 1:37pm
Yeah. thanks for quick answer, that's what I thought, the indicators must read the price bar differently, maybe the close instead of the high, I'll just have to go with what I see on my charts I guess

Another question, do you watch limited pairs or check all of them?

Thanks, John
It takes a lot for me to IGNORE you, but you can try.
  • #40
  • Jan 19, 2015 1:58pm Jan 19, 2015 1:58pm
Quoting Erebus
@ swingtrade65, can you please tell us the broker that you are using for the posted charts? Also, is that indicator on those charts the same as in Post 1? Because I cannot replicate the latest trades in either GBP-JPY and EUR-JPY See this chart, I even set the indicator to 3 but the last Arrows do not appear Recent price action also seems to missing 1 red bar on my chart {image}

I see he is using setting 7 for fractals on FXCM. I get same fractals with setting 3 on MT4 indicator (NY time candles) I guess thats 3 candles from each side .

Attached Image (click to enlarge)
Click to Enlarge Name: fractals.png Size: 39 KB
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