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45 Combo - momentum system

  • #381
  • Jan 28, 2015 9:45am Jan 28, 2015 9:45am
Quoting Go5
Not the official session, but EU broke the daily pivot so, 1:5 R/R should do... {image}
Good Trade Go5 !!
  • #382
  • Jan 28, 2015 9:46am Jan 28, 2015 9:46am
Quoting MasterGuru
"...the swing must be at least 10 pips from 5/40 crossover point..." - to be accurate.

Thanks!!!
  • #383
  • Jan 28, 2015 10:34am Jan 28, 2015 10:34am
fx-Tycoon would you take that up trend at this candle ? If no please explain.

Thanks
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  • #384
  • Jan 28, 2015 10:36am Jan 28, 2015 10:36am
Quoting MasterGuru
"...the swing must be at least 10 pips from 5/40 crossover point..." - to be accurate.
I don't want to make this complicated . I know it's not. Am I understanding the rules correctly:

Trigger
1- 5ema X (cross) 40ema (from above or below)
2- PA (Price Action) PB (PullBack) and X (crosses) or kiss the 40ema and reverse (swing high)
3- PA will cross 5ema
5- MACD is in the same direction(color)

Entry
1st candle open after PA X 5ema (10 pips or less from swing high: else no trade)

Sorry if I need confirmation on this. I don't believe it is that same as what MasterGuru is saying.
Thanks
  • #385
  • Jan 28, 2015 11:00am Jan 28, 2015 11:00am
today is a very poor day .. no momentum, very little movement
  • #386
  • Jan 28, 2015 11:47am Jan 28, 2015 11:47am
Quoting JayJay
{quote} I don't want to make this complicated . I know it's not. Am I understanding the rules correctly: Trigger 1- 5ema X (cross) 40ema (from above or below) 2- PA (Price Action) PB (PullBack) and X (crosses) or kiss the 40ema and reverse (swing high) 3- PA will cross 5ema 5- MACD is in the same direction(color) Entry 1st candle open after PA X 5ema (10 pips or less from swing high: else no trade) Sorry if I need confirmation on this. I don't believe it is that same as what MasterGuru is saying. Thanks
I would read the first couple of pages again, you don't want a cross after a pullback for instance...
  • #387
  • Jan 28, 2015 11:52am Jan 28, 2015 11:52am
Quoting Go5
{quote} I would read the first couple of pages again, you don't want a cross after a pullback for instance...
Really, Trigger # 3 means that the reversal from the pull back should cross the 5EMA, then enter on the next candle. OK I'll read it again.

I don't want to waste time on this but I'm visual and this is the way it appears to me on the posted charts.

Thanks again.
  • #388
  • Jan 28, 2015 11:58am Jan 28, 2015 11:58am
Morning... I guess I got some reading to do, good activity on the day you shouldn't have been so active ... it's ok take it as a good practice day on a rough one.
Give me some time to zip though the recent pages, mean time if you got any question pop it up.

btw... I will be looking to maybe take couple of low risk shot after the release since there will be liquidity running for remaining of the nys time... so if you like stick around along side.


Cheers
  • #389
  • Edited 12:34pm Jan 28, 2015 12:13pm | Edited 12:34pm
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 have answered this very question couple of days ago rather in details, so please refer that post.
The second part of your question tells me that either you have not read the thread and 1st post with great attention or you simply missed it... so please do so and you will rather easily find your answer.

... also you're trading various instruments which each are different animals of their own with unique behaviors and very selective trading period time to operate on. Keep it simple brother, you can't have your eye on too many charts and be successful consistently... of course this is just a brotherly advise.


Cheers
  • #390
  • Jan 28, 2015 12:19pm Jan 28, 2015 12:19pm
Quoting orange32
fx-Tycoon would you take that up trend at this candle ? If no please explain. Thanks {image}

If it's a valid signal I would put up a buy stop pending on it...

Now you tell me if I would have been triggered and won or lost or neutral?
  • #391
  • Jan 28, 2015 12:37pm Jan 28, 2015 12:37pm
Quoting JayJay
{quote} Really, Trigger # 3 means that the reversal from the pull back should cross the 5EMA, then enter on the next candle. OK I'll read it again. I don't want to waste time on this but I'm visual and this is the way it appears to me on the posted charts. Thanks again.
Yes, ok, but I was referring to #2 (no cross of ema's wanted).
  • #392
  • Edited 3:05pm Jan 28, 2015 1:52pm | Edited 3:05pm
Quoting JayJay
{quote} I don't want to make this complicated . I know it's not. Am I understanding the rules correctly: Trigger 1- 5ema X (cross) 40ema (from above or below) 2- PA (Price Action) PB (PullBack) and X (crosses) or kiss the 40ema and reverse (swing high) 3- PA will cross 5ema 5- MACD is in the same direction(color) Entry 1st candle open after PA X 5ema (10 pips or less from swing high: else no trade) Sorry if I need confirmation on this. I don't believe it is that same as what MasterGuru is saying. Thanks
@JajJay

I am not "saying" anything. I have just simply copied the Rule from Page1 Post1... Plese read it carefully.

Everything can be found on Page1 Post1 and its links. So, if something is not clear then the problem is with your understanding, as everybody else could understand from Page1 Post1 and its links. So please read it again and again... And again, if necessary... IT IS NOT THAT DIFFICULT!!
  • #393
  • Jan 28, 2015 2:00pm Jan 28, 2015 2:00pm
Master,
I didn't mean to put words in your mouth. No need for the sarcasm.
  • #394
  • Jan 28, 2015 2:32pm Jan 28, 2015 2:32pm
Quoting fx-Tycoon
{quote} I have answered this very question couple of days ago rather in details, so please refer that post. The second part of your question tells me that either you have not read the thread and 1st post with great attention or you simply missed it... so please do so and you will rather easily find your answer. ... also you're trading various instruments which each are different animals of their own with unique behaviors and very selective trading period time to operate on. Keep it simple brother, you can't have your eye on too many charts and be...
Ok thanks Fx, I have my screen set up the same as yours so i'm only watching 4 instruments. My concern was that forex pairs all seem to be correlated so I thought if I watch the futures it may give some diversity. But I will stop watching them and stick to the rules.

I will go back and check the first post, I remember you saying you only trade for the first 3 hours as you don't like watching the market longer than that and I do remember you saying you can trade all day if you want. I have learnt quite a lot today by making losing trades.

I've just had my only winner of the day!
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  • #395
  • Jan 28, 2015 2:45pm Jan 28, 2015 2:45pm
+32 on UC.

it was the best major curreny trend with a low spread in this late fomc move.

now to bed
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trading is like dancing, don't think and just listen to the music!
  • #396
  • Jan 28, 2015 3:02pm Jan 28, 2015 3:02pm
Quoting birdland
+32 on UC. it was the best major curreny trend with a low spread in this late fomc move. now to bed {image}

did you use macd as a filter ?
  • #397
  • Jan 28, 2015 3:19pm Jan 28, 2015 3:19pm
Quoting birdland
+32 on UC. it was the best major curreny trend with a low spread in this late fomc move. now to bed {image}
Naughty, naughty 20 is the target , now sit on that step for 5 minutes !
  • #398
  • Jan 28, 2015 3:20pm Jan 28, 2015 3:20pm
Quoting fx-Tycoon
{quote} I have answered this very question couple of days ago rather in details, so please refer that post. The second part of your question tells me that either you have not read the thread and 1st post with great attention or you simply missed it... so please do so and you will rather easily find your answer. ... also you're trading various instruments which each are different animals of their own with unique behaviors and very selective trading period time to operate on. Keep it simple brother, you can't have your eye on too many charts and be...
If I can add 2c, I have the impression some people here are overtrading and, judging by some questions I see, they either haven't read the whole thread or haven't read it enough times... there are quite a few gems here and there... I urge you guys to go back and read it again many times if necessary... Also I see many trades based barely just on entry signals, forgetting that the strong point of the system is the money management. Today the London session has been tough, I got a few pips and then lost them, so closed it at breakeven, but the real winner was New York. I managed 30 pips and then left as the FOMC announcement was impending. I'm sure I'm no better than others, I just try to follow the rules and not overexpose myself. I can't help but agree wholeheartedly with Tycoon's advice: keep it simple! The rules and pairs suggested by him are more than enough to keep you busy and provide good pips, while keeping the losses small. Follow that advice, guys, you won't regret it.
  • #399
  • Jan 28, 2015 3:25pm Jan 28, 2015 3:25pm
Quoting Hammertop
{quote} If I can add 2c, I have the impression some people here are overtrading and, judging by some questions I see, they either haven't read the whole thread or haven't read it enough times... there are quite a few gems here and there... I urge you guys to go back and read it again many times if necessary... Also I see many trades based barely just on entry signals, forgetting that the strong point of the system is the money management. Today the London session has been tough, I got a few pips and then lost them, so closed it at breakeven, but...
I don't want to get into an argument but if you are no better than others as you say then please don't act like you are, i'm here to learn which means making mistakes, we don't need lectures but constructive advice will be appreciated. I agree with you about one thing, I have overtraded today but then its a good way to get to learn the system i'm on demo so losing is part of the learning process.

Cheers.
Schoe.
  • #400
  • Jan 28, 2015 4:22pm Jan 28, 2015 4:22pm
Discipline and religiously sticking to the rules get u paid in the long range ....regretting not taking a trade is not costing you a penny ...taking a trade that you shouldn't and get lucky is going to cost you a fortune in the future! It's like asking for the directions in the strange land and you take your own route anyway....
We have a great system here easy to follow ...and great R/R with is the most underrated and most important part in any trading...IMHO
Green pips
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