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45 Combo - momentum system

  • #941
  • Feb 4, 2015 8:13pm Feb 4, 2015 8:13pm
Quoting schoe
{quote} I understand your reasoning but the logic doesn't make sense to me. You may lose two trades which have a 10 pip stop or lose 4 trades with 5 pip stops you have still lost the same amount but you have made twice as many trades with a better risk reward and maybe with bettier set ups. So instead of saying to yourself you will only trade until you lose twice why not set a 20 pip limit instead, this may also discipline you into finding lower risk setups. Regards Schoe.
You are correct, but there's another element here. Each trade to their own I guess...

For me, it's Psychology - once you lose, you get desperate to make it back so you start taking 'okay signals' and end up losing more.
  • #942
  • Feb 4, 2015 8:58pm Feb 4, 2015 8:58pm
Quoting eurix
{quote} Maby this helps http://forex.timezoneconverter.com/ http://www.worldtimebuddy.com/
Thank you eurix. Now it's crystal clear
  • #943
  • Feb 5, 2015 12:43am Feb 5, 2015 12:43am
Hello to all.. preparing for the session. No red News for next 3hrs so open field in that regard. However there is MPC later on so for those of you who trade all day, careful.


Cheers,
  • #944
  • Feb 5, 2015 12:56am Feb 5, 2015 12:56am
Hello everyone!

made EJ sell +20

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyf-m1-fort-financial-services.png Size: 47 KB


And still open sell UJ about +7

Attached Image (click to enlarge)
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  • #945
  • Feb 5, 2015 1:02am Feb 5, 2015 1:02am
close UJ at BE
  • #946
  • Feb 5, 2015 1:10am Feb 5, 2015 1:10am
hello,

UJ -4
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY05.02.15.png Size: 97 KB
trading is like dancing, don't think and just listen to the music!
  • #947
  • Feb 5, 2015 1:13am Feb 5, 2015 1:13am
Quoting deymonster
Hello everyone! made EJ sell +20 {image} And still open sell UJ about +7 {image}
both not trades by the system.

but its up to you, its your money risking...
trading is like dancing, don't think and just listen to the music!
  • #948
  • Feb 5, 2015 1:25am Feb 5, 2015 1:25am
Quoting birdland
{quote} both not trades by the system. but its up to you, its your money risking...
Ok. tell me what not by system? I read all thread yesterday.
On EJ swing is about 31 pips after crossover, price touch 40 ema, stop loss was 8 pips
  • #949
  • Feb 5, 2015 1:34am Feb 5, 2015 1:34am
Quoting birdland
hello, UJ -4 {image}
With you mate. That will teach me to wait for the opening. LOL
long on EU an UJ now. In profit so far but I would like some speed...
  • #950
  • Feb 5, 2015 1:35am Feb 5, 2015 1:35am
Quoting Hammertop
{quote} With you mate. That will teach me to wait for the opening. LOL long on EU an UJ now. In profit so far but I would like some speed...
me too
trading is like dancing, don't think and just listen to the music!
  • #951
  • Feb 5, 2015 1:37am Feb 5, 2015 1:37am
EU TP hit.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 53 KB
  • #952
  • Feb 5, 2015 1:37am Feb 5, 2015 1:37am
Quoting deymonster
{quote} Ok. tell me what not by system? I read all thread yesterday. On EJ swing is about 31 pips after crossover, price touch 40 ema, stop loss was 8 pips
What about MA5 crossing MA40?
EJ was technically valid, except you entered one bar to late.
but UJ was totally invalid.
  • #953
  • Feb 5, 2015 1:37am Feb 5, 2015 1:37am
My EU buy order didn't trigger and it would have just about hit +20 already :'(
Hopefully UJ can make up for it....fingers crossed!!!
  • #954
  • Feb 5, 2015 1:47am Feb 5, 2015 1:47am
sorry,bad enghlish,I entry good?
Attached Image (click to enlarge)
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  • #955
  • Feb 5, 2015 1:48am Feb 5, 2015 1:48am
+18, good enough, on the 2nd effort took it.

Good to walk away with daily target already in the bag.

You should be long on uj too as I am...
Attached Image(s) (click to enlarge)
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  • #956
  • Feb 5, 2015 1:49am Feb 5, 2015 1:49am
Quoting Crete
EU TP hit. {image}
What are peoples opinions of taking a second stab at a trade if the first bounce is missed. Such as was the case for me on this EU trade. my buy order did not trigger for some strange reason so I missed it. If another nice 40EMA bounce comes along would people take it?

I feel that on this particular one it may be an option due to the first bounce (and successful trade) being so early in the new upwards momentum. The negatives obviously being that the further into the upwards trend we get, the closer we are getting to the (eventual) swing back down. I would want a very tight stop before I took it I think.
  • #957
  • Edited 4:15am Feb 5, 2015 1:51am | Edited 4:15am
Quoting deymonster
{quote} Ok. tell me what not by system? I read all thread yesterday. On EJ swing is about 31 pips after crossover, price touch 40 ema, stop loss was 8 pips
then read it more carefully

the details to filter trades are there for a reason...but again its your money risking, so i dont care.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.png Size: 84 KB
Click to Enlarge Name: uj.png Size: 103 KB
trading is like dancing, don't think and just listen to the music!
  • #958
  • Feb 5, 2015 1:53am Feb 5, 2015 1:53am
Quoting fx-Tycoon
+18, good enough, on the 2nd effort took it. Good to walk away with daily target already in the bag. You should be long on uj too as I am... {image} {image}
I'm not understand. Why did u take the trade Ty?
The measurement of swing is not good. Is it because the SL is low?
It's almost like case C yesterday with better SL.
  • #959
  • Feb 5, 2015 1:54am Feb 5, 2015 1:54am
Quoting fx-Tycoon
+18, good enough, on the 2nd effort took it. Good to walk away with daily target already in the bag. You should be long on uj too as I am... {image} {image}
Cant ask for more than that chief! Congrats!

In regards to current UJ, did you get in on the first bounce or wait for the second one? I waited for the second as I did not like the sideways momo of price on the first entry. The second one looked MUCH stronger to me with a good swing down, small push through the 40EMA and then a strong move back up.

EDIT: I actually just realised that i had the thickness of my 40EMA line set far to high so it made it look like the candle wick hit it when it actually didn't quite.
  • #960
  • Feb 5, 2015 1:59am Feb 5, 2015 1:59am
Hello everybody, came a bit late to the table, just in time for the long on UJ.
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