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45 Combo - momentum system

  • #61
  • Jan 21, 2015 1:25pm Jan 21, 2015 1:25pm
thanks for the simple system ,with ez money and over-trading management built in

1. Q ..

**make only one trade per hour per direction, When and If signal is given**

is this per pair? if so you could have only 8 trades max per hour.

--good pips--
Learn THEN Unlearn
  • #62
  • Jan 21, 2015 1:37pm Jan 21, 2015 1:37pm
Quoting HighFivve
thanks for the simple system ,with ez money and over-trading management built in 1. Q .. **make only one trade per hour per direction, When and If signal is given** is this per pair? if so you could have only 8 trades max per hour. --good pips--

high five.


Cheers
  • #63
  • Jan 21, 2015 1:39pm Jan 21, 2015 1:39pm
Quoting BLACKFEET
Blackfeet, No problem I explain further again… post 2's image should be helpful when looked closely. I always use pending orders (Buy stop/Sell stop). I always go off the closed candle. I use a buffer of 0.7 pips from the close price. The signal candle is the 1st candle cross closes the 5ema… so no second candle. I use No script… everything I do is manual… I like being hands on and I keep it clean. Cheers Hi, fx-Tycoon Thanks quite a lot. Knowing this points, I'm going to study your post 2' image with accuracy. Best regards BBF

Sounds good... try to be available during my trading session and you will see some live action as I did today, it will go a long way.


Cheers
  • #64
  • Edited 2:27pm Jan 21, 2015 1:58pm | Edited 2:27pm
Quoting fx-Tycoon
I see a lot of followers so I would pop up a key question... Watch the chart, who can tell me why I would not take such signals? {image}

Ok I asked this question earlier and a few people participated in answering it.

Here is the answer and a golden nugget one... that is why I wanted to be brought up in the get of this thread.

For better momentum build up signals... The swing must be at least 10 pips from 5/40 crossover point to the height of the swing. on this particular signal you see that the measurement is less then 10 and around 6 pips at most. This is where the 10 point grid comes handy with one look in the heat of the battle, speed is key in 1m trading.
When you trade the small movement crossovers it will do couple of major damages in the long run... first and for most, it will get you involved in too many weak momentum based signals, at least not strong enough to get you to +20 target... 2nd, you will be involved in range conditions for unknown duration which could lead to several or back to back losses.
The signal of any m1 system is already a aggressive one where not enough data is gathered... so we want to get in early but not way too early... so this would be a major filter without much damage to the winners total.
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Attached Images
  • #65
  • Jan 21, 2015 2:00pm Jan 21, 2015 2:00pm
I've been lurking on these forums for a while now, and finally found a system I like. I'm a fellow west-coaster and wake up early for my day job, but I'm going to try to stay up and test this out tonight. Thank you!
  • #66
  • Jan 21, 2015 2:29pm Jan 21, 2015 2:29pm
Quoting hbfx
I've been lurking on these forums for a while now, and finally found a system I like. I'm a fellow west-coaster and wake up early for my day job, but I'm going to try to stay up and test this out tonight. Thank you!
Sounds good friend, see you then.


Cheers
  • #67
  • Jan 21, 2015 2:52pm Jan 21, 2015 2:52pm
Q..
Could you please show us an example when you use the MACD as a filter ..thanx
Learn THEN Unlearn
  • #68
  • Jan 21, 2015 3:08pm Jan 21, 2015 3:08pm
Quoting HighFivve
Q.. Could you please show us an example when you use the MACD as a filter ..thanx
Here it is inside chart explanations.
Hope it helps.

Cheers
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  • #69
  • Jan 21, 2015 8:40pm Jan 21, 2015 8:40pm
Nice setup.. Could u please share the time u trade with this setup.. Either asian or london or us session??
  • #70
  • Jan 21, 2015 9:43pm Jan 21, 2015 9:43pm
Quoting Riyaz555
Nice setup.. Could u please share the time u trade with this setup.. Either asian or london or us session??
The answer to your above question is in post #1
  • #71
  • Jan 22, 2015 1:10am Jan 22, 2015 1:10am
Hello to all... just started looking at charts and looking for the next opportunity.
  • #72
  • Jan 22, 2015 1:14am Jan 22, 2015 1:14am
Hi FX Tycoon thanks for simple and nice 1 min system. will post charts with trades. looking for retrace in GU
  • #73
  • Jan 22, 2015 1:20am Jan 22, 2015 1:20am
Quoting jeetvirk
Hi FX Tycoon thanks for simple and nice 1 min system. will post charts with trades. looking for retrace in GU
You're welcome.

Same here... when I start my session I prefer fresh moves over old moves... this relates to current condition of eu and gu vs ej and uj.
  • #74
  • Jan 22, 2015 1:23am Jan 22, 2015 1:23am
ej short...
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  • #75
  • Jan 22, 2015 1:27am Jan 22, 2015 1:27am
Quoting fx-Tycoon
ej short... {image}
Quick 7 pips loss.

Moving on...
  • #76
  • Jan 22, 2015 1:33am Jan 22, 2015 1:33am
Short on uj... got a bit of negative slippage there

ej the bastard, lol... already hit the target
thats ok it all part of the game... and I got it back with u looks like
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  • #77
  • Jan 22, 2015 1:41am Jan 22, 2015 1:41am
Took 20 pips on EJ

missed the UJ Trade.
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  • #78
  • Jan 22, 2015 1:42am Jan 22, 2015 1:42am
Quoting jeetvirk
Took 20 pips on EJ missed the UJ Trade. {image}

nice.... butttt, lol

be careful with using bigger stops... the name of the game is survivability first... if you go deep into loss from the get go of the day, then your will be playing a different game. The trend strength should not interfere with your trading plan.

just a brotherly advice.

Cheers
  • #79
  • Jan 22, 2015 1:44am Jan 22, 2015 1:44am
GU in mess lets wait for london open.
  • #80
  • Jan 22, 2015 1:52am Jan 22, 2015 1:52am
Quoting jeetvirk
GU in mess lets wait for london open.
Definitely, same for eu... need nice fresh move on both.
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