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  • #1,361
  • Mar 20, 2015 8:49am Mar 20, 2015 8:49am
GJ gave some nice trades yesterday so I decided to watch it again today.

Missed the post-LO trade after the fakeout below the Asian range which failed to approach Y's low. H4 and H1 both looking bullish so took the continuation up which was a bit risky as directly into the daily pivot. Closed after the first rejection of the BRN. After two small legs down re-entered as the 179 level became support, target was yesterday's late London morning resistance level which was the start of the afternoons move down also around the 200% extension from this mornings first move.

Edit: 5 pip renkos
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Follow, don't anticipate.
  • #1,362
  • Mar 20, 2015 12:27pm Mar 20, 2015 12:27pm
Quoting Ian
GJ gave some nice trades yesterday so I decided to watch it again today. Missed the post-LO trade after the fakeout below the Asian range which failed to approach Y's low. H4 and H1 both looking bullish so took the continuation up which was a bit risky as directly into the daily pivot. Closed after the first rejection of the BRN. After two small legs down re-entered as the 179 level became support, target was yesterday's late London morning resistance level which was the start of the afternoons move down also around the 200% extension from this...
Ian, thank you very much for posting. Great explanation of the reasons for your actions and consequently, excellent execution. It is great when we can all benefit from each others experience.
Have you tried Mr Packhams TTindy it monitors 27 pairs and displays the Top 8, GJ is often in the Top 8, amongst others, so as you are obviously comfortable trading more volatile higher spread pairs it can give you the heads up as to which of them are trending, saves having to have 27 charts open. Note, the TTindy I posted here only monitors the 6 Majors.
Cut your Losers short and let your Winners run.
  • #1,363
  • Mar 20, 2015 12:30pm Mar 20, 2015 12:30pm
Quoting Ian
GJ gave some nice trades yesterday so I decided to watch it again today. Missed the post-LO trade after the fakeout below the Asian range which failed to approach Y's low. H4 and H1 both looking bullish so took the continuation up which was a bit risky as directly into the daily pivot. Closed after the first rejection of the BRN. After two small legs down re-entered as the 179 level became support, target was yesterday's late London morning resistance level which was the start of the afternoons move down also around the 200% extension from this...
The AllMACD indy, does it have any benefits over the standard MT4 MACD, other than the colours, ie has it been optimised or anything?
Cut your Losers short and let your Winners run.
  • #1,364
  • Mar 20, 2015 12:42pm Mar 20, 2015 12:42pm
Hi every one. I was out this morning and when I came back my internet connection was down, we had a storm in our area so I am assuming it took out our local tower. I missed all the action so I am hoping that some of you managed to get a large chunk of the pips that the market was giving away today.

I am actually only posting following Ian's success with the GJ pair, to remind those of you who will be tempted to try the "exotics" to make allowance for the increased volatility and "Spread" of those pairs because it will have an effect on your SL and TP for example, with my broker I have a very low spread because I also pay commission on each trade so typical spread on EU is 0.2 pips but on GJ it is 1.8 pips on other brokers the difference can be significant, so remember to allow for this when you are placing your Stop losses in particular. I use a little spread indicator visible in the top RH corner of my charts, others are more in your face.
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Cut your Losers short and let your Winners run.
  • #1,365
  • Mar 20, 2015 2:31pm Mar 20, 2015 2:31pm
Quoting dee50
{quote} Ian, thank you very much for posting. Great explanation of the reasons for your actions and consequently, excellent execution. It is great when we can all benefit from each others experience. Have you tried Mr Packhams TTindy it monitors 27 pairs and displays the Top 8, GJ is often in the Top 8, amongst others, so as you are obviously comfortable trading more volatile higher spread pairs it can give you the heads up as to which of them are trending, saves having to have 27 charts open. Note, the TTindy I posted here only monitors the 6 Majors....
Dee, you're very welcome. Yes I have the TT indy (both with all pairs and your modified version) which can give a great heads up for strength across correlated pairs. There was JPY weakness across multiple pairs this morning which, along with higher TF PA gave added confidence in taking the trade. Also Stochs and MACD were in agreement suggesting move up. The spread is high on GJ and my initial stop was below the swing low at about 30 pips but my entry was poor on both trades so it could have been much smaller.
Attached Image
Follow, don't anticipate.
  • #1,366
  • Mar 20, 2015 2:44pm Mar 20, 2015 2:44pm
Quoting dee50
{quote} The AllMACD indy, does it have any benefits over the standard MT4 MACD, other than the colours, ie has it been optimised or anything?
It's highly customisable, up to 26 types of MA, 7 different price types (high, low close, median etc.) but actually the main reason I like it is that I can set the colours to make it look pretty and to see a pull back in the histogram more easily. These eyes aren't getting any younger!!
Follow, don't anticipate.
  • #1,367
  • Mar 20, 2015 3:24pm Mar 20, 2015 3:24pm
EU +2 +22 +46. I was annoyed because my internet was down and I had missed a lot of good action so when I saw this setup even though it was late on a friday evening I decided to have a go. As you can see I got taken out for a B/E on the first go but with all that confirmation of a reversal i jumped straight back in. All the reasons are marked on the charts. The little arrows are very cute and likeable, i have to cook supper now but I will post the indy over the weekend and explain how it works and what to do when the KY Gell doesn't work.
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Cut your Losers short and let your Winners run.
  • #1,368
  • Edited 7:52am Mar 22, 2015 7:18am | Edited 7:52am
ASCTREND ARROWS INDY.

Examples of this in use can be found on the Genesis Matrix thread and if you Google "ASCTREND" you will find systems on Forex TSD by Igorad, Newdigital and Mladen. Here this indy was optimised by our very own Xaphod for the Genesis Method. It is a very simple 2 MA cross but a small algorithm is applied and hey presto an arrow appears where you least expect it.
There is a visual and audible alert. but both can get irritating especially in consolidation.
In looking around you will find mention of Risk settings of 3, 10 and 6, I am sticking with 6, but play around with it to satisfy your own curiosity, I did.

DO NOT trade the Arrows, they MUST be filtered. Use them as a visual aid to confirm the trend not as a blind signal to enter.

If you want to find out what happens when you take the arrows as a signal, there is an old EA, does not work on 5 digit pairs, that you can run thru the Strategy Tester, it is called "ASCTRENDBuySell Expert v1.1, the results are not appalling but like all MA cross methods it loses rather than wins. Have fun.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 ASCTrend1i-Alert.mq4   8 KB | 478 downloads
File Type: mq4 AsctrendBuySellExpert_v1.1.mq4   7 KB | 443 downloads
Cut your Losers short and let your Winners run.
  • #1,369
  • Mar 23, 2015 5:10am Mar 23, 2015 5:10am
EU +46. First one of the week, nice start, HTF Divergence leading into a 123 reversal into HTF trend, straight forward uncomplicated. easy TP short term S&R + 61.8% Retr + daily open.

Before you all start asking, the one click trader came from my broker, check your brokers web site you will probably find it there, the previous broker I was with had it, but it did not work, this one does.
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Cut your Losers short and let your Winners run.
  • #1,370
  • Mar 23, 2015 5:27am Mar 23, 2015 5:27am
EU +40. That does it for me. 2 no brainers first thing Monday morning, what will the rest of the week be like?
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Cut your Losers short and let your Winners run.
  • #1,371
  • Mar 23, 2015 5:43am Mar 23, 2015 5:43am
Quoting Ian
{quote} It's highly customisable, up to 26 types of MA, 7 different price types (high, low close, median etc.) but actually the main reason I like it is that I can set the colours to make it look pretty and to see a pull back in the histogram more easily. These eyes aren't getting any younger!!
Hi Ian
Thanks for the info.
As you look at currency correlations, while I was browsing the forums this weekend I came across this.
http://www.forexfactory.com/showthre...81#post8109281

It is CPU intensive, so no good for my old laptop, but it is a very very interesting interpretation.
Cut your Losers short and let your Winners run.
  • #1,372
  • Mar 23, 2015 5:59am Mar 23, 2015 5:59am
One Click Trader.

I have just found a PDF for the OCT, if you can get one from your broker, Get It it has all sorts of features and it is easy to set up. If you can not find it on your brokers site try the link in the PDF.
Attached Image (click to enlarge)
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Attached File(s)
File Type: pdf One-Click-Trader-Manual-ENG.pdf   1,018 KB | 792 downloads
Cut your Losers short and let your Winners run.
  • #1,373
  • Mar 23, 2015 6:07am Mar 23, 2015 6:07am
Quoting dee50
EU +40. That does it for me. 2 no brainers first thing Monday morning, what will the rest of the week be like? {image}
Very nice, I completely messed up this morning. Late to screen resulting in too much haste, fell for the LO fake lower, stopped on that one despite the divergence staring me in the face. Realised what was happening and got long a bit early, then was moving my stop and closed out by mistake.
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Follow, don't anticipate.
  • #1,374
  • Mar 23, 2015 6:18am Mar 23, 2015 6:18am
Quoting dee50
EU +40. That does it for me. 2 no brainers first thing Monday morning, what will the rest of the week be like? {image}
Better, hopefully.
Follow, don't anticipate.
  • #1,375
  • Edited 9:50am Mar 23, 2015 9:31am | Edited 9:50am
Another one. EU +41 +B/E @19 ongoing. I might be being a tad greedy here, I think I will drop my final TP to the BRN for + 60, that is if I am not too late. Draghi is testifying to the european parliament so I do not expect any fire works but you never know! Asc Trend has not signalled a change on the HTF so I might be safe to hold on, if not, I have made a living.

EDIT. I closed out 2nd part for +50, all momentum gone.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #1,376
  • Mar 23, 2015 2:45pm Mar 23, 2015 2:45pm
Quoting dee50
{quote} Hi Ian Thanks for the info. As you look at currency correlations, while I was browsing the forums this weekend I came across this. http://www.forexfactory.com/showthre...81#post8109281 It is CPU intensive, so no good for my old laptop, but it is a very very interesting interpretation.
Thanks, I've had a quick look, I'll look properly when time allows, it certainly looks impressive.
Follow, don't anticipate.
  • #1,377
  • Edited Mar 24, 2015 1:03am Mar 23, 2015 4:10pm | Edited Mar 24, 2015 1:03am
Quoting dee50
Another one. EU +41 +B/E @19 ongoing. I might be being a tad greedy here, I think I will drop my final TP to the BRN for + 60, that is if I am not too late. Draghi is testifying to the european parliament so I do not expect any fire works but you never know! Asc Trend has not signalled a change on the HTF so I might be safe to hold on, if not, I have made a living. EDIT. I closed out 2nd part for +50, all momentum gone. {image}
Dee, a divergence question.

When you have a double bottom in price as in the first divergence on your chart how do you decide whether to view it as a regular or hidden divergence? Lower low in the indicator implies hidden div but I would have expected the second price low to be higher than the first. On my feed the second low was very slightly lower so, if anything, I would have been looking for a regular divergence with the indicator making a higher low (which clearly didn't happen) to imply price would then move up.

Interested in your thoughts on this.
Follow, don't anticipate.
  • #1,378
  • Mar 24, 2015 4:51am Mar 24, 2015 4:51am
EU +37 +74. The entry was easy with a cluster of HTF and current TF Divergences both Hidden and Regular, Price could only be going in one direction. The difficult part was picking a TP, with multiple possible TPs, the initial 123 gave a 161%@ 1.0966 & a 200%@ 1.0980 I took those initially, when my first TP was taken a look at the MACD and Stochs clearly showed very strong upwards momentum as neither was going below its median line, the HTF 123 in play also placed a 200 just above the BRN 1.1000 with a weekly S&R level in there as well, so instead of closing out at the lower 200% I decided to hold on for the BRN as that was a much stronger confluence area. I could have held for the ultimate possible TP but like yesterday I prefer to bank pips even though yesterday did eventually go thru my TP, the key words being, Possible & Eventually.
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Cut your Losers short and let your Winners run.
  • #1,379
  • Mar 24, 2015 5:09am Mar 24, 2015 5:09am
EU +13 pullback 50% from 1.1000 + good momentum. I should AIM (1:4) for re-test 1.1000 but decided to close manually.
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  • #1,380
  • Mar 24, 2015 5:10am Mar 24, 2015 5:10am
Thanks Dee50 once again for an excellent explanation, I am finding these really useful, Could I ask how you relate the TTindy indicator to the above trade, was confirmation present on the 1 min and/ or 5 Min column or do you use this indicator in another way ?

Grateful for any advice

Kind Regards

Des
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