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45 Combo - momentum system

  • #181
  • Jan 26, 2015 1:03am Jan 26, 2015 1:03am
Quoting fx-Tycoon
Hello to all... getting prepared to start trading session in about 30 min. Some of the things I do before open: * Mark the Red news on my chart... only one (German ifo) two hours from open. * Set my lot size I want to trade for the day or week. * Set my TP/SL in DTM tool.
Morning fx-Tycoon from Europe

I have one question I discovered over the weekend when I was playing around in the trading simulator...

When there is not enough liquidy in the markets do you adjust your "entry criteria, SL & TP" or do you simply not take the signals?
For example, I came across some situations on EU when the pair never made a decent move (>10 pips) before a valid signal came up. Plus there where times when the 20 pip target never get reached.
This happened very often last august.
  • #182
  • Jan 26, 2015 1:11am Jan 26, 2015 1:11am
This happened very often last august.[/quote]
summer is mostly slow for the markets ...good luck
Learn THEN Unlearn
  • #183
  • Jan 26, 2015 1:14am Jan 26, 2015 1:14am
If you paying close attention... you just should have witnessed the gu situation..

Was it a signal or NO?
  • #184
  • Jan 26, 2015 1:14am Jan 26, 2015 1:14am
Quoting HighFivve
This happened very often last august.
summer is mostly slow for the markets ...good luck[/quote]

I know, especially august when everyone is on holidays...

that why I want to know how fx-Tycoon handles this time of the year.
  • #185
  • Jan 26, 2015 1:19am Jan 26, 2015 1:19am
was eu a signal? Yes why? No why?
  • #186
  • Jan 26, 2015 1:23am Jan 26, 2015 1:23am
Quoting fx-Tycoon
was eu a signal? Yes why? No why?
I took it and it ended up with a -10 pip SL

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-26_0823.png Size: 57 KB
  • #187
  • Jan 26, 2015 1:24am Jan 26, 2015 1:24am
Quoting fx-Tycoon
was eu a signal? Yes why? No why?
not time yet !
Learn THEN Unlearn
  • #188
  • Jan 26, 2015 1:24am Jan 26, 2015 1:24am
Quoting Mr.Ma
{quote} Morning fx-Tycoon from Europe I have one question I discovered over the weekend when I was playing around in the trading simulator... When there is not enough liquidy in the markets do you adjust your "entry criteria, SL & TP" or do you simply not take the signals? For example, I came across some situations on EU when the pair never made a decent move (>10 pips) before a valid signal came up. Plus there where times when the 20 pip target never get reached. This happened very often last august.
Mr.Ma,
If I have a valid signal I trade it and when now I don't as simple as that.
Regards to liquidity... this is the reason I only trade the first a few hours of EU because that where most likely liquidity will roll in if any.a
Regards to aug... sure there is holiday times and sort overall liquidity dry a bit but if I am trading that month I just keep it the same.


Cheers
  • #189
  • Jan 26, 2015 1:26am Jan 26, 2015 1:26am
Quoting fx-Tycoon
was eu a signal? Yes why? No why?
Yes it was. Rules seem to have been met
  • #190
  • Jan 26, 2015 1:26am Jan 26, 2015 1:26am
Quoting fx-Tycoon
{quote} Mr.Ma, If I have a valid signal I trade it and when now I don't as simple as that. Regards to liquidity... this is the reason I only trade the first a few hours of EU because that where most likely liquidity will roll in if any.a Regards to aug... sure there is holiday times and sort overall liquidity dry a bit but if I am trading that month I just keep it the same. Cheers
thanks for the information!!
  • #191
  • Jan 26, 2015 1:30am Jan 26, 2015 1:30am
Quoting Mr.Ma
{quote} I took it and it ended up with a -10 pip SL {image}

The risk on this trade was around 11.5 12 pips... so not a valid signal.


For everyone...
When you start of your day... you want to get off with low risk trade to avoid digging yourself out of a hole right from get go.
Risk Measurement.
  • #192
  • Jan 26, 2015 1:31am Jan 26, 2015 1:31am
Quoting profitkeeper
{quote} Yes it was. Rules seem to have been met
why?
  • #193
  • Jan 26, 2015 1:40am Jan 26, 2015 1:40am
Eu short.... risk -5.7...
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  • #194
  • Jan 26, 2015 1:48am Jan 26, 2015 1:48am
Folks... my filters are for reasons, placed based on my years of work and experience. They do not much got to do with Market analysis, PA fancy analysis, predictions, etc.. PA will do what it will do without you me or anyone else having any control over... the only control we got over is our risk.

My filters are based on risk measurement on a possible potential signal to keep me safe first and then the chance to profit.

When you do that, everything else falls in its own place.

so far avoided me getting into two sure loser for about -20 right of the bat...

EU was a loser too... but I lost only 6... far from being down -26 now.

Survivability before Profitability... avoid the lure...
  • #195
  • Jan 26, 2015 1:55am Jan 26, 2015 1:55am
Quoting fx-Tycoon
If you paying close attention... you just should have witnessed the gu situation.. Was it a signal or NO?
No one answered but I go ahead and point it out...

As to see clear filter... both 5ema and Mac pushed over... makes it a definite No signal... and you can see its current situation it did come back to take out the low before shooting up which still as of now has not hit the 20 mark.
  • #196
  • Jan 26, 2015 1:58am Jan 26, 2015 1:58am
Watch this chart... see how wrong I was in this eu short trade, lol

but, am in the business of being Wrong or Right?... heck no, not to me at least. If I was me and you both were history before we were born, lol.

I am in business of measuring risk to squeeze in some winners who out weight my losers, that's it.
Attached Image (click to enlarge)
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  • #197
  • Jan 26, 2015 2:08am Jan 26, 2015 2:08am
I don't want to scare anyone in here that the filters and etc, is your only chance of profitability in here. For the fact that I have 1:2+ RR placed with this system, even if you make mistake or take chances you will still survive and still make some money.
BUT, to be a real player and avoid mental stress, pressure of falling behind and coming back, to play flawlessly for eventual longevity consistency... you're better off to really think and execute as such.
  • #198
  • Jan 26, 2015 2:10am Jan 26, 2015 2:10am
EU buy @ 112.23
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Learn THEN Unlearn
  • #199
  • Jan 26, 2015 2:13am Jan 26, 2015 2:13am
Quoting HighFivve
EU buy @ 112.23 {image}

You have no signal yet based on this image... you know that right?
  • #200
  • Jan 26, 2015 2:16am Jan 26, 2015 2:16am
eu long...
Attached Image (click to enlarge)
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