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45 Combo - momentum system

  • #301
  • Jan 27, 2015 4:18am Jan 27, 2015 4:18am
Quoting birdland
{quote} ok thx for clarification! i just want to learn a new approach AND understanding is a key element. thought that you missed this trade and placed the limit later...sometimes i do it also.
NP, good job.
  • #302
  • Jan 27, 2015 4:21am Jan 27, 2015 4:21am
Ok time to closeout for me and head out to bed... with some positive slippage finishing with +38.

Night.
  • #303
  • Edited 5:45am Jan 27, 2015 4:23am | Edited 5:45am
fx-Tycoon

Thanks for the great thread, I think I am seeing your method ok and the element about the first pullback fits with some of my views.
I would be interested in any comments you have about the attached EU chart, obviously today after the London open.

With EU trending up. would anything in Box A interest you with regard to your 45 combo system? Is the price too far away from the 40ema?

In box B I can see that Fast MA has crossed 40ema but macd is still positive, so I know its outside the system, but in general would you consider this move to be exhausted here? (the chart sort of answers that now, too slow typing)

Thanks again
pullup

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  • #304
  • Jan 27, 2015 4:23am Jan 27, 2015 4:23am
hi everyone,

here are my 2 trades for today... i missed the first hour eu/ej trades and unfortunately able to take only gu/uj small stop losses.

usdjpy:

i think the swing wasnt good enough for a valid setup, it was +10 pips swing move but not a bigger as compared to previous swing moves.
Attached Image(s) (click to enlarge)
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  • #305
  • Edited 9:41am Jan 27, 2015 6:24am | Edited 9:41am
Hi Fx.

Thanks for posting this system I've just read the whole thread but I'm still in the process of fully understanding the rules before I start to demo some trades. (i'm a slow learner lol)

A couple of questions for Fx-Tycoon. You have been trading this system for 8 years which is amazing well done for staying with it. In that period what is your biggest drawdown, do you have losing weeks or months or do you always finish up the week with positive pips. ?

Is trading your full time profession?

One more question. Do you take 1 trade per hour for each currency or one trade per hour from all 4. I must admit it is hard not to interfere and move your stop to break even when +10

Many thanks. The answers will help me decide if I should devote the hours/weeks/months into sticking with this method, I am due to retire from work in 4 years but before that would like to become a master at one system which will allow me to top up my income when I retire, maybe this is that method?

Many thanks again for your time and courage in posting how you trade.

Regards Schoe.

Since posting above 3 trades all winners +60 I'm lovin it, thanks Fx. (admittedly one was on the Dax futures) one on E/U and one on G/U (demo)
  • #306
  • Jan 27, 2015 8:13am Jan 27, 2015 8:13am
NY trade: another +20 for EU long
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #307
  • Jan 27, 2015 8:21am Jan 27, 2015 8:21am
Ty,
Great action with today's trades. Since I'm on the side-lines, I'll place a general comment at the end of your trade day. I have a terrible memory and this will help me continue reading the thread (I will look for my avatar). Hope you don't mind.

Text book entry on your early entry with EU.

Schoe......stick around in 4 years you'll be glad you did, you'll have mastered 45 Combo !!☺
  • #308
  • Jan 27, 2015 9:16am Jan 27, 2015 9:16am
I took this one. What do you think guys?
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  • #309
  • Jan 27, 2015 9:25am Jan 27, 2015 9:25am
WoW !! CP286,

Text book......looks good to me!!
I get excited when I see an entry that meets all conditions......good luck with exit !!
Where is your Stop Loss (SL)
  • #310
  • Jan 27, 2015 9:26am Jan 27, 2015 9:26am
OK CP286...I see your SL
  • #311
  • Jan 27, 2015 9:27am Jan 27, 2015 9:27am
Quoting chrispaul286
I took this one. What do you think guys? {image}
Stopped out.
  • #312
  • Jan 27, 2015 9:38am Jan 27, 2015 9:38am
Didn´t take this. Seems good to me.
Attached Image (click to enlarge)
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  • #313
  • Jan 27, 2015 9:39am Jan 27, 2015 9:39am
Quoting chrispaul286
Didn´t take this. Seems good to me. {image}
I didn´t take it. OFC it has hit TP haha
  • #314
  • Jan 27, 2015 10:21am Jan 27, 2015 10:21am
Quoting chrispaul286
{quote} I didn´t take it. OFC it has hit TP haha

I did
Attached Image (click to enlarge)
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  • #315
  • Jan 27, 2015 10:51am Jan 27, 2015 10:51am
Eurix
Good one.

Your entry candle, how does that look live. Is it a clear cross or does it re-paint. I do not have access to meta-trader at work.
Again congrats...well done
  • #316
  • Jan 27, 2015 10:57am Jan 27, 2015 10:57am
Quoting fx-Tycoon
{quote} I can do that... but please tell me if you have read the thread already or not?
ok i read the whole thread and now i believe i understand how the mac filter some trades
just one more questions, what is the spread on the 4 currencies u trade with ur broker , and when u say ur target + 20 /day , 20+ spread?
thanks
  • #317
  • Jan 27, 2015 11:20am Jan 27, 2015 11:20am
Morning... I see some nice trades some of made during ny session, good on you.

I attend to post one by one now... if you got any question I be here for the next hour or so.
  • #318
  • Jan 27, 2015 11:26am Jan 27, 2015 11:26am
Quoting JayJay
Eurix Good one. Your entry candle, how does that look live. Is it a clear cross or does it re-paint. I do not have access to meta-trader at work. Again congrats...well done

Hi JayJay

It did not repaint it was a clear cross. I was entering at the open of the scond green candle. I hope i answerd it correct. My english is not so good.
the arrow is in the middle of this candle couse of the spread and slippage. I entered with market order.
  • #319
  • Jan 27, 2015 11:27am Jan 27, 2015 11:27am
Quoting pullup
fx-Tycoon Thanks for the great thread, I think I am seeing your method ok and the element about the first pullback fits with some of my views. I would be interested in any comments you have about the attached EU chart, obviously today after the London open. With EU trending up. would anything in Box A interest you with regard to your 45 combo system? Is the price too far away from the 40ema? In box B I can see that Fast MA has crossed 40ema but macd is still positive, so I know its outside the system, but in general would you consider this move...
pullup,

Ok my friend… there are many different ways to trade the PA from various areas and moves it makes… it can produces massive wins at time as well as losses, but it’s all irrelevant to me… the point is, what would you want to build upon to create consistency for yourself for years to come.
- Would you build your castle based on just what and any move you see on the chart!!..
- Or… build on, having many different patterns to go off from!!...
- Or… build on, relying on one or couple of patterns by setting some structures around it to trade it masterfully!!...
I have chosen the 3rd one and trade it in such frame religiously.

So with what said above I should say, No it does not interests. I respectfully suggest to stick with the frame work of the thread if it is any interests of yours.

About B box question… based on the structure I follow and laid out here, the answer is; the momentum is died down when Mac or Ma crosses over... so therefore, No trade and should look upon to new fresh swing.


Cheers
  • #320
  • Jan 27, 2015 11:31am Jan 27, 2015 11:31am
Quoting aamirgpi
hi everyone, here are my 2 trades for today... i missed the first hour eu/ej trades and unfortunately able to take only gu/uj small stop losses. usdjpy: i think the swing wasnt good enough for a valid setup, it was +10 pips swing move but not a bigger as compared to previous swing moves. {image} {image}
Aamirgpi,
If you cannot trade the whole session then just let go of the day as whole if you’re only trading short session like me. If you're trading all day then wait until the start of the new session.
You’re better off this way as I can assure that you will end up with most of losing trades and none or some of the wining ones, lol. Stating based on sour experience.


Cheers
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