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45 Combo - momentum system

  • #481
  • Jan 29, 2015 3:22pm Jan 29, 2015 3:22pm
When I'm working in the day the only thing worth practicing on in the evenings is the YM Dow Futures.

I took one trade tonight however as I'm mathematically challenged I have trouble working out when to take profit on this the decimals are confusing. I just know I made $1500 dollars on 10 demo contracts . This was my only trade but I am seeing that the chances appear most favourable when you are in a good trend with price respecting the 40 moving average and the average sloping up or down nicely.

I'm learning Fx I will get there in 4 years before retirement!
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  • #482
  • Jan 29, 2015 3:28pm Jan 29, 2015 3:28pm
Quoting schoe
When I'm working in the day the only thing worth practicing on in the evenings is the YM Dow Futures. I took one trade tonight however as I'm mathematically challenged I have trouble working out when to take profit on this the decimals are confusing. I just know I made $1500 dollars on 10 demo contracts . This was my only trade but I am seeing that the chances appear most favourable when you are in a good trend with price respecting the 40 moving average and the average sloping up or down nicely. I'm learning Fx I will get there in 4 years before...

If you want it bad, then you will have it without a doubt. But if I were you I would stay clear off the indexes, at least in the beginning.

Cheers,
  • #483
  • Jan 29, 2015 3:29pm Jan 29, 2015 3:29pm
I am done here guys, see you tonight half hour before eu session.

Good day.

Cheers
  • #484
  • Jan 29, 2015 3:44pm Jan 29, 2015 3:44pm
forgot to ask. What role does the H1 "M Candle" indi have?

ty
pullup
  • #485
  • Jan 29, 2015 3:48pm Jan 29, 2015 3:48pm
Quoting pullup
forgot to ask. What role does the H1 "M Candle" indi have? ty pullup
There is a rule which says: one trade per hour
and the 60 minutes M-Candle makes the hour more and better visible.
  • #486
  • Jan 29, 2015 3:52pm Jan 29, 2015 3:52pm
Quoting Mr.Ma
{quote} There is a rule which says: one trade per hour and the 60 minutes M-Candle makes the hour more and better visible.
Fastest answer ever
ty
pullup
  • #487
  • Jan 29, 2015 4:28pm Jan 29, 2015 4:28pm
Quoting fx-Tycoon
{quote} Sorry for late reply had to drive to office. Your 1st and 3rd trade are none valid. 3rd trade as you mentioned yourself, far from a touch. 1st trade... well, I like you to dig it out yourself... I have talked about it in detail in one of my important posts. It's the most effective way to learn but more importantly to stick with. Overall from my review of your trades whats evident is anxiousness to get a trade off before full confirmation, which is very dangerous in 1m. there are two areas that absolute patience is required... one, to be...
Thanks for your reply. The only reason left could be the pips moved after the ema-cross which in this case was 10.9 (barely enough? - but at least 10). Everything else seems to be in place, ema's, R/R etc.
  • #488
  • Jan 30, 2015 12:26am Jan 30, 2015 12:26am
Hello to all... getting prepared for the session.
I had a nice 20 min walk after dinner, jacuzzi, nice cold shower and coffee brewing, can't ask for much more to close out the week.

One red news (eu cpi) 3 hrs into the session hopefully by that time I am already above target.


Cheers
  • #489
  • Jan 30, 2015 12:32am Jan 30, 2015 12:32am
Morning FX, Good luck today , I'm getting ready for work, your evening sounds good except for the cold shower

How many pips are you up for the week?
  • #490
  • Jan 30, 2015 12:39am Jan 30, 2015 12:39am
Quoting schoe
Morning FX, Good luck today , I'm getting ready for work, your evening sounds good except for the cold shower How many pips are you up for the week?
From where you are I should trade from hot tub, lol... is it snowing there?

I think around +70... as long as your up it's a blessing.
  • #491
  • Jan 30, 2015 12:43am Jan 30, 2015 12:43am
Quoting Go5
{quote} Thanks for your reply. The only reason left could be the pips moved after the ema-cross which in this case was 10.9 (barely enough? - but at least 10). Everything else seems to be in place, ema's, R/R etc.
Please read the 3rd link pay attention to the one bold word in the middle and then look at where you got trigger!!
  • #492
  • Jan 30, 2015 12:49am Jan 30, 2015 12:49am
Hi fx-Tycoon.
I just came across this thread yesterday and thought that I'd give it a go.

I just entered EUR/USD long based on the below. Any massive problems that stand out for you?
My only real issues were that the price only just managed to touch the 40EMA and price had already had a couple of failed attempts to get through the exact entry point.

Cheers and good luck today!!
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  • #493
  • Jan 30, 2015 12:52am Jan 30, 2015 12:52am
Quoting fx-Tycoon
{quote} From where you are I should trade from hot tub, lol... is it snowing there? I think around +70... as long as your up it's a blessing.
Nah I'm in the South, its a positively tropical 3 degrees.
  • #494
  • Jan 30, 2015 12:52am Jan 30, 2015 12:52am
Quoting pullup
forgot to ask. What role does the H1 "M Candle" indi have? ty pullup
It's for the same reason as mr.ma mentioned but it's not one trade per hours...
It's one trade per hour, per direction.... which could make it to have two possible trades in one hour... one buy, one sell.

The one hour candle is just for clear visibility of period ending and starting... I do not pay much attention to the look of the candle if that's what most or some of you are wondering.


Cheers,
  • #495
  • Jan 30, 2015 12:55am Jan 30, 2015 12:55am
Quoting Alkatraz
Hi fx-Tycoon. I just came across this thread yesterday and thought that I'd give it a go. I just entered EUR/USD long based on the below. Any massive problems that stand out for you? My only real issues were that the price only just managed to touch the 40EMA and price had already had a couple of failed attempts to get through the exact entry point. Cheers and good luck today!! {image}

Welcome Alkatraz.

Yep there are couple of issues.
Please read the thread and fully absorb it.

Thanks in advance.

Cheers,
  • #496
  • Jan 30, 2015 1:14am Jan 30, 2015 1:14am
Quick observation right after eu open...

You just witnessed about 20 pips bear move on all for pairs... what does it tell you? you guessed it.. some liquidity has rolled in... that is information... the greatest commodity in trading.
Now, you must focus on valid pullback... reco the validation... BE PATIENCE for full validation... measure the risk to pick the best and lowest one.
As you can see between the four pairs, gu,ej,eu are showing stronger momentum vs uj.


Lets see how it shapes up from here.
  • #497
  • Jan 30, 2015 1:19am Jan 30, 2015 1:19am
Quoting fx-Tycoon
{quote} Welcome Alkatraz. Yep there are couple of issues. Please read the thread and fully absorb it. Thanks in advance. Cheers,
Additional problem identified = top of this swing high was only a few pips higher than the bounce off of the 40EMA (as well as the entry being right at this top!)

I also think that I should have entered on the first green candle that closed above the 5EMA so I actually entered WAAAY too late!

It's funny how no matter how many times you read something you can still forget basic things when you get excited about a potential trade!
  • #498
  • Jan 30, 2015 1:26am Jan 30, 2015 1:26am
What is the most ideal signal...

Good show of momentum swing... then, pullback with touch reaction to 40 ema without mac and 5ema tipping over 40ema... crossover resume of PA candle off 5ema... measure the risk ( stop size )... then, set pending buy/sell order... that's it.
  • #499
  • Jan 30, 2015 1:29am Jan 30, 2015 1:29am
eu short...
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  • #500
  • Jan 30, 2015 1:29am Jan 30, 2015 1:29am
Just entered short on EU.
4 Pips is it worth to find out if its the right direction or not

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