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  • #3,461
  • Jan 20, 2015 5:03pm Jan 20, 2015 5:03pm
Quoting devontrader
Possible change in trend? higher low? cci and rsi are both oversold in a trend channel so going for a nice long move as trial,,,im only 2pips behind with a good stop so once in profit stops move up for a free trade looking for a higher high {image}

Hmmm I see where you're coming from but the last turn down was a LH in my book and also the 100lwma is sloping down and that last LH was right under the 100lwma, the BRN 1.1600 as well as off of the daily pivot, so I'm thinking lower if anything, but hey I'm a one minute man what the hell do i know about this hrly stuff????
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Feel the Fear and do it anyway!!!
  • #3,462
  • Jan 20, 2015 5:06pm Jan 20, 2015 5:06pm
Clive
46 viewing @ 23.06 pm WOW
  • #3,463
  • Jan 20, 2015 5:08pm Jan 20, 2015 5:08pm
Quoting OAPDave
Clive 46 viewing @ 23.06 pm WOW

I think it was 74 not so long ago and I'm glad to see you're still one of em, glad you decided to hang around, us old timers have gotta stay together Dave....
Feel the Fear and do it anyway!!!
  • #3,464
  • Jan 20, 2015 5:20pm Jan 20, 2015 5:20pm
Quoting clivepackham
{quote} Hmmm I see where you're coming from but the last turn down was a LH in my book and also the 100lwma is sloping down and that last LH was right under the 100lwma, the BRN 1.1600 as well as off of the daily pivot, so I'm thinking lower if anything, but hey I'm a one minute man what the hell do i know about this hrly stuff???? {image}
Clive just for a laugh pull up your chart again that's in this post and just toggle from 60mim 30min 15min 5min 1min and tell me what you see, the only spoiler is ECB Thursday
  • #3,465
  • Jan 20, 2015 11:06pm Jan 20, 2015 11:06pm
Quoting devontrader
{quote} how are you finding the method? for me im finding the 100lwma a challenge cos its lagging being a moving average,,but then i guess im looking for the price reversal point rather then the abc of the abcd move to help me with this i have a zigzag indicator plotting the HH and LL etc

I think it is the best but I'm also struggling getting into trades at the right time. I've been entering the right trades but my timing is off and end up with a bit of drawdown that can wear one down, after which I'm just too happy to exit @ break even plus few pips. Then the trade takes off without me. Look at the GA trade I took this evening (Asian session) and closed for just 2 pips only to come back now and see the pair down 40 pips without me But I think the solution is waiting for pullback to (or close to) the MA channel when it coincides with the Stochastic @ the opposite extreme before entering. I will also look for a linear CCI indicator instead of the histogram as it will do the same thing as the Stochastic.

I'm off to bed now and will be back during the US session.

Shalom
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  • #3,466
  • Jan 20, 2015 11:17pm Jan 20, 2015 11:17pm
Quoting clivepackham
{quote} Hmmm I see where you're coming from but the last turn down was a LH in my book and also the 100lwma is sloping down and that last LH was right under the 100lwma, the BRN 1.1600 as well as off of the daily pivot, so I'm thinking lower if anything, but hey I'm a one minute man what the hell do i know about this hrly stuff???? {image}
closed trade this morning for £114 profit.looks like its pulling back...im not about to watch it so took money and run.ive marked chart so will look tonight to see what happened
  • #3,467
  • Jan 20, 2015 11:23pm Jan 20, 2015 11:23pm
For me, this set up in 5 min chart.
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Intraday only.
  • #3,468
  • Jan 20, 2015 11:24pm Jan 20, 2015 11:24pm
Quoting devontrader
{quote} closed trade this morning for £114 profit.looks like its pulling back...im not about to watch it so took money and run.ive marked chart so will look tonight to see what happened
Devon, you seem to be doing good. Keep it up.
Intraday only.
  • #3,469
  • Jan 20, 2015 11:48pm Jan 20, 2015 11:48pm
Quoting navk
For me, this set up in 5 min chart. {image}
navkwhat is the pink and blue indicator bottom of your chart?Can you share it?
  • #3,470
  • Jan 21, 2015 12:19am Jan 21, 2015 12:19am
Quoting 919gilead
{quote} I think it is the best but I'm also struggling getting into trades at the right time. I've been entering the right trades but my timing is off and end up with a bit of drawdown that can wear one down, after which I'm just too happy to exit @ break even plus few pips. Then the trade takes off without me. Look at the GA trade I took this evening (Asian session) and closed for just 2 pips only to come back now and see the pair down 40 pips without me But I think the solution is waiting for pullback to (or close to) the MA channel when...
I used to do that a lot too, just keep reminding yourself "there will always be another opportunity" don't think "I don't wanna miss out on this trade". You might even want to reduce your risk a bit, could be causing some stress.

I know I'm not one to help you as you are a far better trader then me! But just saying what has helped me

Cheers!
  • #3,471
  • Jan 21, 2015 12:42am Jan 21, 2015 12:42am
Hello Clive.
Thanks for the reply and warm words. I spent several years on Forex. But I'm too lazy and disorganized for manual trading )) So I spent time in the creation of EA. After so many years this way is over. I can't make EA to create profit in both market conditions the trend and the flat. Your Ttindy may be the key to a semi-automatic trading. I have a profitable trend EA. I'll try to put them manually based on the signals TTindy.
I still do not lose hope on this path to freedom;-)
  • #3,472
  • Jan 21, 2015 1:04am Jan 21, 2015 1:04am
Quoting dvanderlinde
{quote} I used to do that a lot too, just keep reminding yourself "there will always be another opportunity" don't think "I don't wanna miss out on this trade". You might even want to reduce your risk a bit, could be causing some stress. I know I'm not one to help you as you are a far better trader then me! But just saying what has helped me Cheers!
Thanks Dustin, as I already reduced my lots so I can handle the little drawdowns as long as I'm trading with the trend. And I am not a better trader than you - I am a newbie and still learning.

GJ short
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  • #3,473
  • Jan 21, 2015 1:29am Jan 21, 2015 1:29am
Quoting 919gilead
{quote} Thanks Dustin, as I already reduced my lots so I can handle the little drawdowns as long as I'm trading with the trend. And I am not a better trader than you - I am a newbie and still learning. GJ short {image}
Hi George! Nice to see u are doing just great!
Always like to see your working desctop.It is really harmonic and beatiful.
But where is your fixed stop loss level in such supervolatile market conditions ? And what about BOJ press conference coming, or your trading style anymore does not pay attention to such kind of boring and silly things?!

Shallom,
David.
Success is nothing more than a few simple disciplines, practiced every day.
  • #3,474
  • Jan 21, 2015 1:43am Jan 21, 2015 1:43am
Quoting Machinator
{quote} Hi George! Nice to see u are doing just great! Always like to see your working desctop.It is really harmonic and beatiful. But where is your fixed stop loss level in such supervolatile market conditions ? And what about BOJ press conference coming, or your trading style anymore does not pay attention to such kind of boring and silly things?! Shallom, David.
Hey David,

Good to hear from you. There was no SL to the trade at the time I took the screenshot as I followed the momentum to trade break of both the 178.50 level plus the prior swing low, based on the prior engulfing M30 candle and other information on a manual dashboard I created to aid trading decision. The indicator at the bottom right is the PSA by Hanover. And I don't trade the news unless I see a really great setup supported by my dashboard showing currency groups that are really strong against groups that are really weak.

Shalom
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  • #3,475
  • Jan 21, 2015 1:45am Jan 21, 2015 1:45am
Guys
Just have a quick look at the Eur/Usd I am not to surprised the mini up moved stopped, it bumped its head on the 60min 100lwma and had used around 50pips of its Daily Range, not saying it wont go through later but needs to get some more energy first. I don't trade this one but its not quite were I would want it yet to get me interested, and yes you can take little chunks out of it
  • #3,476
  • Jan 21, 2015 2:31am Jan 21, 2015 2:31am
Quoting 919gilead
{quote} Hey David, Good to hear from you. There was no SL to the trade at the time I took the screenshot as I followed the momentum to trade break of both the 178.50 level plus the prior swing low, based on the prior engulfing M30 candle and other information on a manual dashboard I created to aid trading decision. The indicator at the bottom right is the PSA by Hanover. And I don't trade the news unless I see a really great setup supported by my dashboard showing currency groups that...
Hey George!
Personally, unfortunately or not ,I still trade with my own money,so I cannot even imagine such kind of luxury to trade without stop limits.
Take care and Trade safe!

David.
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Success is nothing more than a few simple disciplines, practiced every day.
  • #3,477
  • Jan 21, 2015 2:36am Jan 21, 2015 2:36am
Quoting Machinator
{quote} Hey George! Personally, unfortunately or not ,I still trade with my own money,so I cannot even imagine such kind of luxury to trade without stop limits. Take care and Trade safe! David. {image}
Hey David,

I agree with you, one should never trade without a SL, and I will always try to put a SL

Thanks for keeping me in check

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #3,478
  • Jan 21, 2015 5:22am Jan 21, 2015 5:22am
Quoting 919gilead
{quote} I think it is the best but I'm also struggling getting into trades at the right time. I've been entering the right trades but my timing is off and end up with a bit of drawdown that can wear one down, after which I'm just too happy to exit @ break even plus few pips.
The only thing I see George is it appears you are entering later than Clive would enter. Once price is within a few pips of your channel, set a stop order in proper direction. You can move it as you need to. Look for a confirming candle of rejection of the channel (as well as your stoch or cci). This will get you in much sooner and allow a smaller SL as well as more profit, and finally, less drawdown.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,479
  • Jan 21, 2015 5:54am Jan 21, 2015 5:54am
Hey George, I am looking at the PSA from Hanover. Are you using the default settings on it and putting it on a M1 chart? Are you still using your currency slope indicator as well?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,480
  • Jan 21, 2015 6:31am Jan 21, 2015 6:31am
some great trade opportunities today, hope some have caught the moves
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