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45 Combo - momentum system

  • #361
  • Jan 28, 2015 3:26am Jan 28, 2015 3:26am
-8 on short GU
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trading is like dancing, don't think and just listen to the music!
  • #362
  • Jan 28, 2015 3:36am Jan 28, 2015 3:36am
Quoting birdland
-8 on short GU {image}
I got caught there too. Always suspicious when it whips about like that, so I did a little looking around
http://www.forexlive.com/blog/2015/0...o-raise-rates/

pullup
  • #363
  • Jan 28, 2015 3:44am Jan 28, 2015 3:44am
Quoting pullup
{quote} I got caught there too. Always suspicious when it whips about like that, so I did a little looking around http://www.forexlive.com/blog/2015/0...o-raise-rates/ pullup
dont worry about this, happens sometimes...will concentrate on next trade at NY
trading is like dancing, don't think and just listen to the music!
  • #364
  • Jan 28, 2015 3:48am Jan 28, 2015 3:48am
Quoting schoe
Hi Russtrader. I'm monitoring the Dax and the YM in the afternoon. I missed two good entries this morning on the Dax futures, I didn't mark them they are easy to spot ! Just gone short E/U, errrr stopped out for -4. - 9 for the day. {image} {image}
schoe

I was going to post after the first EU setup that you skipped, but I got distracted. I was interested to know why you skipped the trade on a valid signal, i gave it a miss because of resistance. I went out to M15 to see it better.
Your recent candles indi shows the resistance level from the asia session H4 and H1, I am waiting for it to break below 1.13300 and then looking for the pullback.

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regards
pullup
  • #365
  • Jan 28, 2015 3:58am Jan 28, 2015 3:58am
Quoting schoe
Hi Russtrader. I'm monitoring the Dax and the YM in the afternoon. I missed two good entries this morning on the Dax futures, I didn't mark them they are easy to spot ! Just gone short E/U, errrr stopped out for -4. - 9 for the day. {image} {image}
what is dax and ym ?
  • #366
  • Jan 28, 2015 4:10am Jan 28, 2015 4:10am
Quoting pullup
{quote} schoe I was going to post after the first EU setup that you skipped, but I got distracted. I was interested to know why you skipped the trade on a valid signal, i gave it a miss because of resistance. I went out to M15 to see it better. Your recent candles indi shows the resistance level from the asia session H4 and H1, I am waiting for it to break below 1.13300 and then looking for the pullback. {image} regards pullup
Can't remember now Russ I just didn't like the look of the price action it looked more like an up move than a pullback, maybe the Dax isn't such a good idea I've just lost two trades for -28 got some slippage and my spread on the demo is a very challenging 3 pips. Good i'm on demo I got over confident yesterday and still have a lot to learn to perfect this method ! -37 so far today, Fx would be having nightmares.

Rehanovich. Dax is the German Stock Index and YM is the mini Dow futures.(USA)

Cheers Schoe.
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  • #367
  • Jan 28, 2015 4:10am Jan 28, 2015 4:10am
Morning, folks.

There is a nifty little helper coded by "Gringoh" over at SHF - it plots a moveable line and shows the pipdistance to the price; very handy for eyeballing SL pips (it also calculates lotsize).

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http://www.stevehopwoodforex.com/php...sts&att_sr=att
  • #368
  • Jan 28, 2015 5:00am Jan 28, 2015 5:00am
Quoting schoe
{quote} Can't remember now Russ I just didn't like the look of the price action it looked more like an up move than a pullback, maybe the Dax isn't such a good idea I've just lost two trades for -28 got some slippage and my spread on the demo is a very challenging 3 pips. Good i'm on demo I got over confident yesterday and still have a lot to learn to perfect this method ! -37 so far today, Fx would be having nightmares. Rehanovich. Dax is the German Stock Index and YM is the mini Dow futures.(USA) Cheers Schoe. {image}

Hi Shoe, not sure how you got -28... was your stop at ten pips ? thats a lot of slippage. I think maybe look for the first or second pullback, and if you like the risk.. then ok
Yes today is difficult, ive made 2 errors which cost me 20 pips otherwise i would have been +30 for the day rather than +10

Russ
  • #369
  • Jan 28, 2015 5:02am Jan 28, 2015 5:02am
Another loser! 7 losers today no winners, a real wake up call after yesterday. This trade actually went 11 pips positive but I stuck to the rules and ended up taking a 5 pip loss. I'm going out for a jog! Trading is easy when you are winning but when you are losing it's easy to lose discipline and chase those losses.

Question for FX when he wakes up, Do you stop trading after a set number of losses or always wait until the end of your trading session, I know you said you only take one trade per hour what is the reason for this?

I think you may be correct Russ first pullback is the safest but its moving all over the place today. I took a larger hit on the first Dax trade than I wanted stop was a bit too wide, some slippage and large spread.

Thanks

Schoe.
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  • #370
  • Jan 28, 2015 5:03am Jan 28, 2015 5:03am
EJ -7 I was a bit late on entry
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  • #371
  • Jan 28, 2015 5:19am Jan 28, 2015 5:19am
Quoting schoe
Another loser! 7 losers today no winners, a real wake up call after yesterday. This trade actually went 11 pips positive but I stuck to the rules and ended up taking a 5 pip loss. I'm going out for a jog! Trading is easy when you are winning but when you are losing it's easy to lose discipline and chase those losses. Question for FX when he wakes up, Do you stop trading after a set number of losses or always wait until the end of your trading session, I know you said you only take one trade per hour what is the reason for this? I think you may be...


I should have walked away at 9 ish , easy to say after , plus rules state no trades after 10am. Try same method with dax but using the 200ema , again look for first touch ;-)

Russ
  • #372
  • Jan 28, 2015 5:45am Jan 28, 2015 5:45am
Some losers and a winner...
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  • #373
  • Jan 28, 2015 6:17am Jan 28, 2015 6:17am
Quoting schoe
Hi Russtrader. I'm monitoring the Dax and the YM in the afternoon. I missed two good entries this morning on the Dax futures, I didn't mark them they are easy to spot ! Just gone short E/U, errrr stopped out for -4. - 9 for the day. {image} {image}
Hi Schoe

First Post, second Link.
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  • #374
  • Jan 28, 2015 7:19am Jan 28, 2015 7:19am
"...the swing must be at least 10 pips from 5/40 crossover point..." - to be accurate.
  • #375
  • Jan 28, 2015 7:37am Jan 28, 2015 7:37am
Thanks guys for pointing that out, that's why its good to make mistakes I can learn from them.
  • #376
  • Jan 28, 2015 7:40am Jan 28, 2015 7:40am
Quoting schoe
Thanks guys for pointing that out, that's why its good to make mistakes I can learn from them.
I agree. "mistakes today are pips tomorrow".

gonso
---------
There are three kind of people:
- the ones who can count
- the ones who can't count
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  • #377
  • Jan 28, 2015 8:44am Jan 28, 2015 8:44am
I hate these Trades even if its a winner.
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  • #378
  • Jan 28, 2015 9:00am Jan 28, 2015 9:00am
Not the official session, but EU broke the daily pivot so, 1:5 R/R should do...

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  • #379
  • Jan 28, 2015 9:18am Jan 28, 2015 9:18am
Quoting fx-Tycoon
Folks I am quite tired tonight, and my wife has cut a cold, gotta do some honey-dues... PA seems a bit slow anyways with fomc at hand... so going to bed. Good night.
the best advice today!

cu all tomorrow
trading is like dancing, don't think and just listen to the music!
  • #380
  • Jan 28, 2015 9:25am Jan 28, 2015 9:25am
Quoting Go5
Not the official session, but EU broke the daily pivot so, 1:5 R/R should do... {image}
Very nice trade.
I was also thinking of using this method in conjunction to Pivot points. Let us know your opinion and keep posting your trades.
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