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45 Combo - momentum system

  • #1,021
  • Feb 6, 2015 1:56am Feb 6, 2015 1:56am
Quoting Hammertop
Tycoon, if a bar qualifies for a signal, we place our stop order and then the price moves back a bit and a new bar gives a better close it seems to me logic to move the order to a better position. Is that correct? Example is EU short just now.
I recommend to do so only when it drops the risk greatly.. like from 10 to 7.. or 7 to 4... but if you got one where risk is already very minimal like the current situation I just let it be in order to get a realistic break away.
  • #1,022
  • Feb 6, 2015 2:07am Feb 6, 2015 2:07am
I on this trade by miss managing... as I was making the reply back to hammertop all of sudden it slingshot down... otherwise I should have removed my order as it got filtered by both mac and ema.. in notorious slow day did not expect it to make that move quick move. It's so low risk though this one otherwise I would not had even had a order set on it.
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  • #1,023
  • Feb 6, 2015 2:07am Feb 6, 2015 2:07am
Quoting fx-Tycoon
{quote} I recommend to do so only when it drops the risk greatly.. like from 10 to 7.. or 7 to 4... but if you got one where risk is already very minimal like the current situation I just let it be in order to get a realistic break away.
Even more logical. Thanks
  • #1,024
  • Feb 6, 2015 2:11am Feb 6, 2015 2:11am
Quoting fx-Tycoon
{quote} I recommend to do so only when it drops the risk greatly.. like from 10 to 7.. or 7 to 4... but if you got one where risk is already very minimal like the current situation I just let it be in order to get a realistic break away.
An illustration of that situation:-3.2pips...
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  • #1,025
  • Feb 6, 2015 2:14am Feb 6, 2015 2:14am
my first trade. long uj. something wrong there?
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  • #1,026
  • Feb 6, 2015 2:26am Feb 6, 2015 2:26am
Quoting gonso
my first trade. long uj. something wrong there? {image}
After playing with the stop, almost hitting it twice, finally it was lost. Entry was wrong?
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  • #1,027
  • Feb 6, 2015 2:27am Feb 6, 2015 2:27am
Quoting gonso
{quote} After playing with the stop, almost hitting it twice, finally it was lost. Entry was wrong? {image}
did you read the thread TODAY what Ty has written?!
trading is like dancing, don't think and just listen to the music!
  • #1,028
  • Feb 6, 2015 2:37am Feb 6, 2015 2:37am
Quoting fx-Tycoon
I on this trade by miss managing... as I was making the reply back to hammertop all of sudden it slingshot down... otherwise I should have removed my order as it got filtered by both mac and ema.. in notorious slow day did not expect it to make that move quick move. It's so low risk though this one otherwise I would not had even had a order set on it. {image}

Took 10 out of this lucky trade... I banked this just as a reserve for IF I take another shot in the next couple of hours and lose then would not come out negative today.. and if no more trade I walk with +10 which is great for such day.
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  • #1,029
  • Feb 6, 2015 2:44am Feb 6, 2015 2:44am
Quoting fx-Tycoon
{quote} Took 10 out of this lucky trade... I banked this just as a reserve for IF I take another shot in the next couple of hours and lose then would not come out negative today.. and if no more trade I walk with +10 which is great for such day. {image}
Drinks on you then
  • #1,030
  • Feb 6, 2015 2:47am Feb 6, 2015 2:47am
Quoting birdland
{quote} did you read the thread TODAY what Ty has written?!
no, i didnt. nfp day. not a good idea to be in.

thanks.
  • #1,031
  • Feb 6, 2015 2:50am Feb 6, 2015 2:50am
Quoting Hammertop
{quote} Drinks on you then
You know it's all your fault, getting me involve in a shitty trade..

LOL


I wanted to delete the order as it was moving away from trigger point I said I just make this one reply and then delete it, it's ok I got time.. after a line on the next glance I was in, lol..
  • #1,032
  • Feb 6, 2015 2:53am Feb 6, 2015 2:53am
Quoting gonso
{quote} no, i didnt. nfp day. not a good idea to be in. thanks.
You did not know it was a NFP day??... some people wait the whole month for this event and rest of the field who might not give a hoot about other newses but will not ignore the NFP.
If you consider trading even a little bit serious you should not ever to neglect this one.
just a humble advice.
  • #1,033
  • Edited 3:44am Feb 6, 2015 3:08am | Edited 3:44am
Quoting fx wannabe
Ty- I like what I have seen so far. Been demo trading it this week Had a few hiccups, but overall I like the system. Let's face it, you can make a fortune if a trader averages 20 pips/day. I've read thru the thread but haven't seen an answer to this question regarding a few situations I have seen. If you are looking at a potential long trade and everything meets your criteria stated in Post 1. Price went more than 10 pips above after the 5/40 cross. MACD is green. You retrace to the 40. The 5 is still above the 40. Then, before you get a candle...

As long as it's not filtered by the mac tipping over and/or 5ema crossingover.. it is a valid signal.

If the price candle that is cross closing is strong enough then it should also make both filters to follow by showing that strenght... so if they don't, you have not fallen into price deceive.

I hope it is clear as I do understand your concern.

Cheers,
  • #1,034
  • Feb 6, 2015 3:22am Feb 6, 2015 3:22am
Ok... it's surely looking more and more like NFP drag day, which more than likely will remain as such till release time... obviously did not worth the time to be spend and getting near close out for me. The 13 pips Tuesday loss got nearly recovered back with today's lucky result, so puts me up for +80 for the week to finish off... 20 short of weekly target but considering the week at hand it is all good and me grateful. and I spend less than 15hrs in the market this week... this also a key stat that I keep, thought you might like to know or consider.

I be here for another 20 min if you got questions or concerns. I would most likely not be around much this weekend.

Otherwise have a great weekend all.


Cheers,
  • #1,035
  • Feb 6, 2015 3:31am Feb 6, 2015 3:31am
Quoting birdland
my week is already closed, because i try also to avoid NFP days... started last week with trading this approach: 1.week +40 pips (8/day) 2.week +64 pips (12/day) i am happy with so far birdland
Great result Birdland... Now get consistent at that and you will be even happier, I am sure you can and will.


Cheers,
  • #1,036
  • Feb 6, 2015 3:32am Feb 6, 2015 3:32am
thx, i will!...also have a good weekend! cu monday
trading is like dancing, don't think and just listen to the music!
  • #1,037
  • Feb 6, 2015 3:34am Feb 6, 2015 3:34am
Mean time I see good momo on eu and ej, lol... low risk signal worth a shot.
  • #1,038
  • Feb 6, 2015 3:42am Feb 6, 2015 3:42am
Quoting fx-Tycoon
Mean time I see good momo on eu and ej, lol... low risk signal worth a shot.
Both got smashed by filters as good as they looked... it that hold of thing, in the end it's weak for no follow though.
  • #1,039
  • Feb 6, 2015 3:45am Feb 6, 2015 3:45am
Goodnight.

Have a great weekend.

Cheers,
  • #1,040
  • Feb 6, 2015 4:51am Feb 6, 2015 4:51am
short EU
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