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Trading is as simple as ABCD

  • #3,981
  • Feb 18, 2015 3:47am Feb 18, 2015 3:47am
Not even a smidgen of a retracement yet in our top trender GBPAUD but wait for it to come. Its gone 100 plus pips on most GBP pairs so gotta pullback sooner or later then jump on board.....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 48 KB
Feel the Fear and do it anyway!!!
  • #3,982
  • Feb 18, 2015 3:55am Feb 18, 2015 3:55am
Quoting Vantage
Hi Clive I have taken an aggressive entry on gbpaud post news 1.9749. Not a typical trade for me but in gbpaud for about +120 from this morning so at BE and will see if this pops up.
Great trading Mr V. as ever I would of held my earlier one but got in too late and only up a handful so thought better not risk it and banked 5mins before release..

Did you say you got 120 pips out of GBPAUD?????

Bloody awesome if you did....
Feel the Fear and do it anyway!!!
  • #3,983
  • Feb 18, 2015 4:00am Feb 18, 2015 4:00am
Quoting clivepackham
{quote} Great trading Mr V. as ever I would of held my earlier one but got in too late and only up a handful so thought better not risk it and banked 5mins before release.. Did you say you got 120 pips out of GBPAUD????? Bloody awesome if you did....
My aggressive entry on gbpaud was out at BE. Now in the gbpaud and gbpnzd from the post news system trades that followed. Both above BE now.

Exited gbpaud sell this morning early for +336(posted higher low lower high thread) and in a buy from pre Frankies open so thats running still at about +120 at the moment.
  • #3,984
  • Feb 18, 2015 4:23am Feb 18, 2015 4:23am
yea me too but not my best entry ever but at BE now so its got two choices....

Trouble is I have to work every now and again and talk to clients so can't always time my entries but we're see how it goes with any luck this GBP will go up all day on the back of that news release..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1.png Size: 54 KB
Feel the Fear and do it anyway!!!
  • #3,985
  • Feb 18, 2015 4:46am Feb 18, 2015 4:46am
Out for nowt on GBPNZD not surprising as entry was a bit too late, was up about 20 odd pips at one time but didn't bank as I was holding it on back of the GBP news....

Need to time these entries better otherwise they will nearly always get knocked off at BE on the first pullback after entry...never mind will look for another GBP opportunity if it shapes up and I'm not too busy....
Feel the Fear and do it anyway!!!
  • #3,986
  • Feb 18, 2015 4:58am Feb 18, 2015 4:58am
Let me share this tool.
It is currency power meter. Thin line is hourly power, wide is daily. You can change H1 to H4, or add or remove currencies. It is based on Volumes.
Attached File(s)
File Type: zip CurrencyPowerMeter.zip   11 KB | 309 downloads

Today with this tool I choose GBP against weak AUD and made 79 pip
  • #3,987
  • Feb 18, 2015 5:20am Feb 18, 2015 5:20am
Quoting Virtikus
Let me share this tool. It is currency power meter. Thin line is hourly power, wide is daily. You can change H1 to H4, or add or remove currencies. It is based on Volumes. {file} Today with this tool I choose GBP against weak AUD and made 79 pip
Thanks I'll take this out for a spin and see how it runs.
  • #3,988
  • Feb 18, 2015 6:55am Feb 18, 2015 6:55am
Clive, Mr V, Dave, California.

Back again having picked up a new head.

My initial thoughts were to trade the Chf weakness bearing in mind that I had no regard for the big fundamental on the horizon.
Mr v gave me a sharp lesson in reality, Followed by Clive who elaborated on his pre news trading technique based on Gbp strength.
Dave with his supporting attitude,and California with his posting the same thoughts that were in my head being split stakes taking profit on half and letting the other half run.
the following chart would have been the results with a big dollop of hindsight.

The saying is that you cant teach an old dog new tricks.The jury is still out on that one.

the following Gbp/ Chf chart represents all scenarios
Attached Image (click to enlarge)
Click to Enlarge Name: pree post news.PNG Size: 61 KB
  • #3,989
  • Feb 18, 2015 7:31am Feb 18, 2015 7:31am
Quoting geanies101
Clive, Mr V, Dave, California. Back again having picked up a new head. My initial thoughts were to trade the Chf weakness bearing in mind that I had no regard for the big fundamental on the horizon. Mr v gave me a sharp lesson in reality, Followed by Clive who elaborated on his pre news trading technique based on Gbp strength. Dave with his supporting attitude,and California with his posting the same thoughts that were in my head being split stakes taking profit on half and letting the other half run. the following chart would have been the results...
Your on the top of your game at the moment WELL DONE to be honest I was no use to you on that trade as I said do not even have any Chf pairs on. I have moved on in my thoughts from the entries of trades to the profit taking side (if any), I accept my thoughts are a little different to must of the TOP GUYS on here but I need to get into my head (and Account) if the method is profitable, now this is were I am out on my own, I am quite happy to WIN or LOSE on a trade not interested in breaking even so I am making a personal log and checking my risk/reward so in most cases I enter a trade with a 20/25 pip stop so to get 1-1 I need 20/25 pips profit, which I am more than happy with but I am then going to see if I could have got 40/50 pips or 2-1 and lastly do a 3-1 not interested in 1/2 stakes or anything like that, this should give me a very good idea if my entries are consistently good and what they are worth, do not really expect anyone to agree but its my money so I will do it my way, Well done to every one that's made pips today.
  • #3,990
  • Feb 18, 2015 7:35am Feb 18, 2015 7:35am
Quoting geanies101
Clive, Mr V, Dave, California. Back again having picked up a new head. My initial thoughts were to trade the Chf weakness bearing in mind that I had no regard for the big fundamental on the horizon. Mr v gave me a sharp lesson in reality, Followed by Clive who elaborated on his pre news trading technique based on Gbp strength. Dave with his supporting attitude,and California with his posting the same thoughts that were in my head being split stakes taking profit on half and letting the other half run. the following chart would have been the results...
Dear geanies
Will you be so kind to tell me if the indicator in your chart is MA_shade or
MA_ribbon_filled? If so , willyou be so kind to tell me the settings.
Thank you very much
Respects
Dan
  • #3,991
  • Feb 18, 2015 7:40am Feb 18, 2015 7:40am
Quoting Virtikus
Let me share this tool. It is currency power meter. Thin line is hourly power, wide is daily. You can change H1 to H4, or add or remove currencies. It is based on Volumes. {file} Today with this tool I choose GBP against weak AUD and made 79 pip
Only watching a short time, first reaction its amazing how effective the TT top 8 is in matching your strength meter, in particular the top 2-3 slots.
  • #3,992
  • Feb 18, 2015 7:40am Feb 18, 2015 7:40am
Quoting Virtikus
Let me share this tool. It is currency power meter. Thin line is hourly power, wide is daily. You can change H1 to H4, or add or remove currencies. It is based on Volumes. {file} Today with this tool I choose GBP against weak AUD and made 79 pip
Hi Virtikus

I like the sound of a currency meter built on volume, I've wanted to involve volume for sometime now in my trading so would like to have this meter. Problem is I don't have an unzip function on my lap top could you post it again in its MT4 form please??

Cheers Clive.
Feel the Fear and do it anyway!!!
  • #3,993
  • Feb 18, 2015 7:46am Feb 18, 2015 7:46am
Quoting Vantage
{quote} Only watching a short time, first reaction its amazing how effective the TT top 8 is in matching your strength meter, in particular the top 2-3 slots.
Thats exactly what i wanted to check out, because on the 1 min we are so close to the money I thought it would be similar, after all its the money its measuring in a volume meter and its money thats forming our 1 min trends so I guess its gotta be co-ordinated.

You've obviously unzipped it could you post it for me in MT4 format please?

Cheers
Feel the Fear and do it anyway!!!
  • #3,994
  • Feb 18, 2015 7:51am Feb 18, 2015 7:51am
Dave.
Different blokes different strokes.
If what you are doing suits your personality then go with it, if it makes pips no arguments.
As always I can always count on you to have my back

Hi Dansmol
Its the ribbon filled ma that I am playing about with presently,I haven't arrived at a solid conclusion as to the setting.

This one is set to a 200lwma coupled with a 400Lwma for the larger and attempts to show my interpretation of the 30 min and the one hour

the other is set to 34lwma and 100lwma again an attempt to show the 5min and 15min on a 1 minute chart. the main thing is to have regard to strongly trending currencies as outlined by Clive
Regards
  • #3,995
  • Feb 18, 2015 7:55am Feb 18, 2015 7:55am
Quoting clivepackham
{quote} Hi Virtikus I like the sound of a currency meter built on volume, I've wanted to involve volume for sometime now in my trading so would like to have this meter. Problem is I don't have an unzip function on my lap top could you post it again in its MT4 form please?? Cheers Clive.

Attached File(s)
File Type: ex4 CurrencyPowerMeter.ex4   11 KB | 313 downloads
  • #3,996
  • Feb 18, 2015 8:05am Feb 18, 2015 8:05am
Thanks Virtkus I've got it now will give you my thoughts soon as I've played with it...

Just got back into this GBPAUD trade yet again for about the third time today been up about 30 plus pips in all but trying to hold for the longer term run so lets hope this sticks this time. If not I'm back to Orphan hugging....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #3,997
  • Feb 18, 2015 9:04am Feb 18, 2015 9:04am
dansmol
My appologies I gave you the wrong MAs they are all EMAs on the chart I posted.

I gave you a bum steer in saying they were LWMAs as I said have been experimenting and am still tripping over things.

hope I didn't cause you to much confusion
  • #3,998
  • Feb 18, 2015 9:08am Feb 18, 2015 9:08am
Ok so its off again and struggling topget past yesterdays high (yellow line) also of course its reached its daily atr however good news is good news so hopefully it willpush on this time....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 63 KB


Already have the answer, the computer says no......
Feel the Fear and do it anyway!!!
  • #3,999
  • Feb 18, 2015 9:11am Feb 18, 2015 9:11am
Actually correction the computer says yes but dumps me first....again

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 60 KB


Maybe I gotta have a bit more faith in my system and follow Daves lead and just leave my stop where it is , either a winner or a loser....
Feel the Fear and do it anyway!!!
  • #4,000
  • Feb 18, 2015 9:20am Feb 18, 2015 9:20am
Its now or never........

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 60 KB


Cant fault my resolve can you?????
Feel the Fear and do it anyway!!!
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