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45 Combo - momentum system

  • #1,501
  • Feb 13, 2015 8:20am Feb 13, 2015 8:20am
Good morning. Good stuff. Thanks Tycoon for sharing and mentoring.

I was watching the #GU price action and did see a valid entry @ 9am NY. I did not take it because price action has been muted most of the last hour. Also the #GU has been bumping up to 1.5400 and getting rejected.

The entry would have been only 6 pips from 1.5400. Did any other NY traders take this trade? Other comments?
Thanks,
Darryl
  • #1,502
  • Feb 13, 2015 9:01am Feb 13, 2015 9:01am
Quoting diamonddbw
Good morning. Good stuff. Thanks Tycoon for sharing and mentoring. I was watching the #GU price action and did see a valid entry @ 9am NY. I did not take it because price action has been muted most of the last hour. Also the #GU has been bumping up to 1.5400 and getting rejected. The entry would have been only 6 pips from 1.5400. Did any other NY traders take this trade? Other comments? Thanks, Darryl
I did. Dumped it at +5 as lack of momo, and also red news incoming.
  • #1,503
  • Feb 13, 2015 9:06am Feb 13, 2015 9:06am
Quoting MrRijk
Hi Fx Tyfoon; Kindly could you explain what you mean by MACD on to Opposite?? because English isn't my native language ,so if possible give me an example. Thank you on advance, and god bless you. Regards, MrRijk.
I hope Ty didn't hear you calling him Tyfoon
Opposite just means the macd changes colour i.e. moves to the opposite part of the zero line.
  • #1,504
  • Feb 13, 2015 9:07am Feb 13, 2015 9:07am
Quoting Hammertop
{quote} I did. Dumped it at +5 as lack of momo, and also red news incoming.
++++++++++++++++++++++++++++++++
Thanks HT. Nice job on the pdf too, especially listing the post #'s, as that can really help get further context and being able to enlarge the charts...
  • #1,505
  • Feb 13, 2015 9:12am Feb 13, 2015 9:12am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Thanks HT. Nice job on the pdf too, especially listing the post #'s, as that can really help get further context and being able to enlarge the charts...
It's ok. Stay tuned for a new version over the weekend. There has been too much new good stuff lately to leave it out
Also you just gave me an idea. Next time I will use the original charts with hyperlinks so it will be possible to click from inside the pdf. I chose the other solution because the quality improves a bit for printing, but this way (with active links) it will be possible, as you say, to check them on the FF site directly and then enlarge them for better sight.
  • #1,506
  • Feb 13, 2015 9:12am Feb 13, 2015 9:12am
Quoting Hammertop
{quote} I did. Dumped it at +5 as lack of momo, and also red news incoming.
Well, it reached the TP in no time over news, but it could have gone the opposite way...
  • #1,507
  • Feb 13, 2015 9:25am Feb 13, 2015 9:25am
Quoting Hammertop
{quote} Well, it reached the TP in no time over news, but it could have gone the opposite way...
++++++++++++++++++++++++++++++++
Indeed. Getting out prior to news is a strategy.

I did get back in #GU at the :10 candle. Stop was right at 10 pips, but on GU that's to be expected.
++++++++++++++++++++++++++++++++


Update: SO -8 on This trade.

Now Stalking UJ sell.
Attached Image (click to enlarge)
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  • #1,508
  • Edited 10:04am Feb 13, 2015 9:48am | Edited 10:04am
Now in #UJ short. SL to BE+1 once price hit low of day at +10.

++++++++++++++++++++++++++++++++
Update: +1
Attached Image (click to enlarge)
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  • #1,509
  • Feb 13, 2015 10:48am Feb 13, 2015 10:48am
Quoting diamonddbw
Good morning. Good stuff. Thanks Tycoon for sharing and mentoring. I was watching the #GU price action and did see a valid entry @ 9am NY. I did not take it because price action has been muted most of the last hour. Also the #GU has been bumping up to 1.5400 and getting rejected. The entry would have been only 6 pips from 1.5400. Did any other NY traders take this trade? Other comments? Thanks, Darryl
Do you mean that one? I got in a bit to late

I was lucky the news pushed it up. Before the News I moved my stop to BE
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 31 KB
  • #1,510
  • Feb 13, 2015 11:24am Feb 13, 2015 11:24am
Quoting eurix
{quote} Do you mean that one? I got in a bit to late I was lucky the news pushed it up. Before the News I moved my stop to BE {image}
++++++++++++++++++++++++++++++++


Yes. That was the entry I was considering.
  • #1,511
  • Feb 13, 2015 11:34am Feb 13, 2015 11:34am
I took this #EJ sell about 15m ago. The crossover swing was almost 15 and I set my target for 13, but pulled off with 10, which was enough to get me back to BE +0.1 for the day...



All three trades I took today, got to a minimum of +10 but no more. Could be that today being Friday, with not much news, and this is the start of a 3 day w/e in US (presidents day), and no pairs reached their 5 day ADR, that there was simply not enough interest.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 2-13-15.png Size: 34 KB
  • #1,512
  • Edited 2:20pm Feb 13, 2015 1:53pm | Edited 2:20pm
Quoting CNTrader1
Morning Guys, Please excuse my naivety, but I am very new to trading. I have come across this system and tried a small number of times to implement it as this sort of trading will suit me needs/time spent trading etc. I have read through the 75 pages of this interesting thread, but I was hoping that someone, with a spare five minutes, could explain the technique in a few basic, simple steps that a novice trader would understand. I think I have my ma indicators set right at 5 and 40, but in all honesty I am unsure as to what indications on the one...

Do you know what causes a Moving Average to actually move?

Read this link please... http://www.forexfactory.com/showthre...68#post8051468
  • #1,513
  • Feb 13, 2015 2:09pm Feb 13, 2015 2:09pm
Quoting MrRijk
Hi Fx Tyfoon; Kindly could you explain what you mean by MACD on to Opposite?? because English isn't my native language ,so if possible give me an example. Thank you on advance, and god bless you. Regards, MrRijk.

Read this link before making another post please.
http://www.forexfactory.com/showthre...68#post8051468
  • #1,514
  • Feb 13, 2015 2:15pm Feb 13, 2015 2:15pm
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Indeed. Getting out prior to news is a strategy. I did get back in #GU at the :10 candle. Stop was right at 10 pips, but on GU that's to be expected. ++++++++++++++++++++++++++++++++ Update: SO -8 on This trade. Now Stalking UJ sell. {image}
Not a signal... after buffer and trigger your in at about 12 pips risk which makes it highly invalid signal. with not much distance to the top.
.. and your trigger line shows your not using suggested buffer, no distance, which along with a few other matters from your recent posts tells me you have not fully read or understood the materials, please do so before cluttering the thread with irrelevant trade posts.

Thanks in advance.
  • #1,515
  • Feb 13, 2015 2:22pm Feb 13, 2015 2:22pm
Quoting fx-Tycoon
{quote} Not a signal... after buffer and trigger your in at about 12 pips risk which makes it highly invalid signal. with not much distance to the top. .. and your trigger line shows your not using suggested buffer, no distance, which along with a few other matters from your recent posts tells me you have not fully read or understood the materials, please do so before cluttering the thread with irrelevant trade posts. Thanks in advance.
++++++++++++++++++++++++++++++++
Whoa dude. Lighten up. On my chart the SL was 10.2 pips. Since I didn't use market depth for entry, I clicked in as soon as price had advanced 0.7 pips above the close. The line was my fill.

I've since read the info on Market Depth so I now understand it. The whole point (I thought) was to show one's own interpretation, and put it up for evaluation.

If you don't want me posting charts, just say so, and I'll honor your wishes.
  • #1,516
  • Feb 13, 2015 2:39pm Feb 13, 2015 2:39pm
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Whoa dude. Lighten up. On my chart the SL was 10.2 pips. Since I didn't use market depth for entry, I clicked in as soon as price had advanced 0.7 pips above the close. The line was my fill. I've since read the info on Market Depth so I now understand it. The whole point (I thought) was to show one's own interpretation, and put it up for evaluation. If you don't want me posting charts, just say so, and I'll honor your wishes.
Don't call me dude.
You can post, but accordingly... read the thread and you would know whats the whole point.
My review on your trades are spot on and I only mention it for your own good and the sake of thread confusion for others.
My evaluation; your entry on that gu trade shows no buffer vs 0.7 no matter what you did or use. The measurement of close to low is at 10 with buffer from both side, slippage and spread you will be way over 10 around 12 to say the least, so the trade is invalid. You are moving your SL and TP all the time on every trade!!... you deviate from the structure only when it highly conflicts with daily management, otherwise you be experience chaos instead of consistency in this nature of trading.


Cheers,
  • #1,517
  • Feb 13, 2015 3:06pm Feb 13, 2015 3:06pm
Quoting fx-Tycoon
{quote} Don't call me dude. You can post, but accordingly... read the thread and you would know whats the whole point. My review on your trades are spot on and I only mention it for your own good and the sake of thread confusion for others. My evaluation; your entry on that gu trade shows no buffer vs 0.7 no matter what you did or use. The measurement of close to low is at 10 with buffer from both side, slippage and spread you will be way over 10 around 12 to say the least, so the trade is invalid. You are moving your SL and TP all the time on every...
++++++++++++++++++++++++++++++++
Points taken. Cheers
  • #1,518
  • Feb 13, 2015 3:13pm Feb 13, 2015 3:13pm
I'm going to try and practice my trading this weekend using the trade simulator as I am annoyed I made a mess of this week, missed signals, wrong trades, hesitation etc. ( i've never used the simulator before but have a PDF to work it out) .

How long did it take you to become consistent on a weekly basis FX?

Thanks for your help this week it is much appreciated.
  • #1,519
  • Feb 13, 2015 3:23pm Feb 13, 2015 3:23pm
OK, 65 logged trades so far, profit factor 0.98 (win rate 31%) so let's see how and if we can improve on that. I intend to trade as little as possible and maybe lower TP to 10 or 15 pips once over +20 for the day; well, one just needs to build up his experience - read: hundreds of trades...
  • #1,520
  • Feb 13, 2015 3:28pm Feb 13, 2015 3:28pm
Quoting Go5
OK, 65 logged trades so far, profit factor 0.98 (win rate 31%) so let's see how and if we can improve on that. I intend to trade as little as possible and maybe lower TP to 10 or 15 pips once over +20 for the day; well, one just needs to build up his experience - read: hundreds of trades...
Hi Go
Have you made profits with a 31 % suucess rate GO , im not familiar with profit rate.. have you closed out trades early, well what i mean is have you mainly stuck to the rules ? would be nice to hear if your account has increased .. well done if it has

RussTrader
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