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45 Combo - momentum system

  • #121
  • Jan 22, 2015 1:26pm Jan 22, 2015 1:26pm
Quoting JayJay
{quote} Realclick, I'm not getting it. Where is your entry. Tycoon, It's difficult to see your charts. Do you think you can identify your reasoning on your charts i.e. trigger and entry/exit points (like realclick). thanks

Jay,
If you don’t know my exit points then you have clearly not read the first couple of posts.
Regards to my charts, I think it’s as clear as possible… I even zoom in when I make images with shade box to project the clear entry candle point, and my live charts with trigger point is also available.
Please review it bit more closely.
  • #122
  • Jan 22, 2015 1:28pm Jan 22, 2015 1:28pm
Quoting realclick
I know my rules may not be exactly same with thread owner but its like the same system of trading and I wanted to share my chart for trade taken today GBPUSD. {image}

Realclick,
You’re using different MA’s, I gauge the momentum differently, not all moves are valid so therefore what you doing is totally a different system.
Please avoid making such image posts for the sake of confusion of other members.

Thank in advance.
  • #123
  • Jan 22, 2015 1:34pm Jan 22, 2015 1:34pm
Quoting fx-Tycoon
Watch the chart and look at the box and tell me why should not take action on such signals?? {image}
I posed a question above about one of key elements earlier today and felt massively overwhelmed with the level of participation, lol... with that said I see no reason to go any further with it.
Somethings must be learned the hard way, I understand.


Cheers
  • #124
  • Jan 22, 2015 1:46pm Jan 22, 2015 1:46pm
Quoting fx-Tycoon
{quote} forexlion, I never or hardly ever use a market order... if I do that it means I was not prepared well enough to reco my signal etc, but i understand your concern, therefore I use this tool called "depth of market" available in mt4 platform... the image should make it clear as i open one for each chart. this way very quickly as soon as valid signal arrives and cross close candle closes I make one click on buy/sell stop 7 points away from current price. As you see you can pre-set your lot size, SL/TP size. This is fast and solid. I think it...

great, thanks for the info
  • #125
  • Jan 22, 2015 1:52pm Jan 22, 2015 1:52pm
Quoting fx-Tycoon
Watch the chart and look at the box and tell me why should not take action on such signals?? {image}
maybe the candle which crossed the MA is too big?
  • #126
  • Jan 22, 2015 1:55pm Jan 22, 2015 1:55pm
Quoting fx-Tycoon
Watch the chart and look at the box and tell me why should not take action on such signals?? {image}
hi fx Tycoon,

it's nice to see such a nice and easy way of trading with simple logical momentum. just finished reading your thread gonna test it.
well what i observed about your question about avoiding gbpusd trade:

Momentum move was barely more than 10 pips
SL was ok below 10pips
News was bit late from entry time

so i think it was about momentum move
  • #127
  • Edited 3:06pm Jan 22, 2015 2:17pm | Edited 3:06pm
Quoting fx-Tycoon
Watch the chart and look at the box and tell me why should not take action on such signals?? {image}
My thought is because you had a close below the 40 EMA before you had a signal to go long. The other reason I would have avoided it was because the eventual signal candle closed at previous resistance level.

EDIT: Just looked back through your other charts and can see my answer is wrong.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #128
  • Jan 22, 2015 3:07pm Jan 22, 2015 3:07pm
Hi fx-Tycoon,

thank you for your nice and easy system helping to better understand that patience and discipline is key in trading !!

I "borrowed" only your grid-indi, sweetspots, to make levels more clear.

In return I suggest to you and all M1-traders to throw the vertical "Cycle Lines" (available in mt4) on the chart.
Just click on "Cycle Lines" then click on the chart, hold left mouse and drag to the right.
Then doubleclick and bring start point to the 59th minute of an hour and drag it to the 59th minute of the next hour.

That way you have the following single hours displayed and you can see how the hour is "behaving" and even how
the wicks of the H1 candles developing (as you all know more than 90% of all candles have wicks)
So mostly price goes a bit in the opposite way before it turns and make the candle green or red.

To make the 60 minutes visible it CAN support your fiew on the 45-Combo and the momentum.

Hope I can give you something back with that!

Regards
  • #129
  • Jan 22, 2015 4:36pm Jan 22, 2015 4:36pm
Quoting fx-Tycoon
Watch the chart and look at the box and tell me why should not take action on such signals?? {image}
Too choppy, kong-candles/spikes, not even a clear trend, would need a big SL.

Great thread, keep it up!
  • #130
  • Jan 22, 2015 5:13pm Jan 22, 2015 5:13pm
Great thread. I am a fellow momentum trader. Riding a move is the only way to trade IMHO. Lot better than guessing when the move will happen. Reading your posts with interest!! Thanks.
Audentes Fortuna Juvat
  • #131
  • Edited 7:31pm Jan 22, 2015 6:25pm | Edited 7:31pm
I make one click on buy/sell stop 7 points away from current price. As you see you can pre-set your lot size, SL/TP size. This is fast and solid. I think it should be a great help. {image}[/quote]

a Quik Q..
so you post an order on the DOM 7 pips or .7 pips higher then 5 Ema candle close ,if your target is short ...Thanks in advance
Learn THEN Unlearn
  • #132
  • Jan 22, 2015 10:40pm Jan 22, 2015 10:40pm
Thanks fx-Tycoon for posting your method. Do you set a daily loss limit, i.e. stop trading for the day if losses total 20 pips, etc.?
  • #133
  • Jan 22, 2015 11:52pm Jan 22, 2015 11:52pm
Quoting realclick
This is similar to how I trade but with different indicators in name only, moving average crossover wait for pull back and try and ride the momentum with a quick 20 pips profit and risk 10 pips, but I tend to risk more of my account in each trade , 3% instead of 1% as you do. {image}
Looks Nice!

Can you kindly share settings of MA's ?

Thanks!
  • #134
  • Jan 23, 2015 12:24am Jan 23, 2015 12:24am
good morning guys...
lets see what Frankfurt open brings to us and I wish a lot of green pips for us!
  • #135
  • Jan 23, 2015 12:47am Jan 23, 2015 12:47am
Good morning Friends

Green pips to all

regards
  • #136
  • Jan 23, 2015 12:52am Jan 23, 2015 12:52am
had one EJ trade before FO...

looked good so I took it. Got stopped out at plus 3.2 pips. Was up by 13 pips.

Attached Image (click to enlarge)
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  • #137
  • Jan 23, 2015 12:55am Jan 23, 2015 12:55am
Quoting Mr.Ma
had one EJ trade before FO... looked good so I took it. Got stopped out at plus 3.2 pips. Was up by 13 pips. {image}
Same Trade for me too out at BE.
  • #138
  • Jan 23, 2015 12:59am Jan 23, 2015 12:59am
Quoting jeetvirk
{quote} Same Trade for me too out at BE.


EU and UJ is worth to keep an eye on... Lets see what they are doin on the open.
  • #139
  • Jan 23, 2015 1:16am Jan 23, 2015 1:16am
Quoting Mr.Ma
{quote} EU and UJ is worth to keep an eye on... Lets see what they are doin on the open.
Long EU

Attached Image (click to enlarge)
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  • #140
  • Jan 23, 2015 1:22am Jan 23, 2015 1:22am
Long GU hit 20pip TP !!
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