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Discovering An Edge

  • #181
  • Jun 29, 2015 5:41am Jun 29, 2015 5:41am
Quoting vlady1974
{quote} Hey Mike, hope you're getting better. Good dose of pippage can help make you feel better if it doesnt help with the flu I just experimented this morning with it.... it's attached to 1 pair's chart and takes over the entire screen. So the first one was for EURUSD (screenshot this morning) is for 50EMA. I then added another pair, GBPUSD and set it for 200EMA. So in theory, we can add charts for different timeframes and EMAs as long as your PC and Chart Layout can handle it. It's actually a big time saver now as I just look at the Reds and...

Ok....I'll take a look at it......CAD looks like the ugly sister on my CSM across multiple Tf at the moment.
  • #182
  • Jun 29, 2015 5:43am Jun 29, 2015 5:43am
Quoting panamamike
{quote} Ok....I'll take a look at it......CAD looks like the ugly sister on my CSM across multiple Tf at the moment.
A pip is only worth it if you know how much you risked to earn it
  • #183
  • Jun 29, 2015 5:45am Jun 29, 2015 5:45am
E cad.....gap covered.
  • #184
  • Jun 29, 2015 5:53am Jun 29, 2015 5:53am
Quoting panamamike
E cad.....gap covered.
That's one big daily candle. But it's still below Daily averages.... though it does look tempting. The funny bone in my elbow is twitching, saying if I don't know enough about it probably best to stay away! LOL
A pip is only worth it if you know how much you risked to earn it
  • #185
  • Jun 29, 2015 5:54am Jun 29, 2015 5:54am
Quoting vlady1974
{quote} That's one big daily candle. But it's still below Daily averages.... though it does look tempting. The funny bone in my elbow is twitching, saying if I don't know enough about it probably best to stay away! LOL
I'll be long biased if ECAD breaks and stays above 13793
A pip is only worth it if you know how much you risked to earn it
  • #186
  • Jun 29, 2015 5:54am Jun 29, 2015 5:54am
Quoting vlady1974
Pending Long AUDNZD @ 11220
11220...???
  • #187
  • Jun 29, 2015 5:57am Jun 29, 2015 5:57am
Here is an example of what I mentioned last week about the power of the 10 d ATR. Look where the early "CHF intervention" pop turned....
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-29 05_53_25-CADCHF,H1.png Size: 120 KB
  • #188
  • Jun 29, 2015 6:08am Jun 29, 2015 6:08am
short GA on open of hourly at 2.0482
  • #189
  • Jun 29, 2015 6:15am Jun 29, 2015 6:15am
Quoting LITEchild
{quote} 11220...???
1.1220 ..... Not sure why you are so confused by that.
  • #190
  • Jun 29, 2015 6:34am Jun 29, 2015 6:34am
Quoting LITEchild
{quote} 11220...???

I'm a bit lazy on the decimal. And eyeing IGINDEX all this time just makes me copy it's reference of the numbers.
Eg. below 1.3748
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD-1H.JPG Size: 190 KB
A pip is only worth it if you know how much you risked to earn it
  • #191
  • Jun 29, 2015 6:52am Jun 29, 2015 6:52am
Quoting panamamike
short GA on open of hourly at 2.0482
And my tight TS comes through like a charm.... 1/2 at +10.....second 1/2 stopped out +3. It may make for a lot of small "singles", but I do get lots of "extra base hits" and very few errors
  • #192
  • Jun 29, 2015 6:55am Jun 29, 2015 6:55am
FWIW...my MM is as follows:
When non trending on the daily..... My hourly trades are 1/2 off at +10 with a 7 pip TS. If the pair is in a trend on the daily, I go BE at 25 pips, lock in 10 and JS every 10pips. At times I will give it extra room on the remainder after BE turn off the TS or JS and let it go for the 10 d ATR, but that depends on the specific days market action, news events, etc.
  • #193
  • Jun 29, 2015 7:00am Jun 29, 2015 7:00am
with the current ranging markets and high degree of uncertainty and volatility surrounding EUR and risk, I am strictly using 1/2 off at 10 pips, BE to +3 and trail by 7. this will likely be the case all this week.
  • #194
  • Jun 29, 2015 7:05am Jun 29, 2015 7:05am
it will be interesting to see if the pattern of US session reversing European action happens today.
  • #195
  • Jun 29, 2015 7:29am Jun 29, 2015 7:29am
if the EUR starts to turn weak, it looks like JPY will be the best to trade against it. It has only covered about half the gap from Friday close.
  • #196
  • Jun 29, 2015 7:36am Jun 29, 2015 7:36am
Quoting vlady1974
{quote} I'm a bit lazy on the decimal. And eyeing IGINDEX all this time just makes me copy it's reference of the numbers. Eg. below 1.3748 {image}
  • #197
  • Jun 29, 2015 8:12am Jun 29, 2015 8:12am
Quoting panamamike
it will be interesting to see if the pattern of US session reversing European action happens today.
That's a very good and protective MM system Mike. Appreciate that - I like the disciplined use of trailing stops. I do mine on swing lows (for Longs)... but I suppose it's no different especially on smaller timeframes.
A pip is only worth it if you know how much you risked to earn it
  • #198
  • Edited 8:28am Jun 29, 2015 8:14am | Edited 8:28am
Before lunch I had a look at the FX Board and found that it was saying CAD weakness. I then cross referenced with 2 other currencies for opposite strength and found my old favourites, USD and GBP. Therefore,

Long
GBPCAD @ 19426.9, SL at BE now
USDCAD @ 12357.3, SL at BE now

Edit:
GBPCAD target 19597
USDCAD target 12436
A pip is only worth it if you know how much you risked to earn it
  • #199
  • Jun 29, 2015 9:07am Jun 29, 2015 9:07am
Quoting vlady1974
Before lunch I had a look at the FX Board and found that it was saying CAD weakness. I then cross referenced with 2 other currencies for opposite strength and found my old favourites, USD and GBP. Therefore, Long GBPCAD @ 19426.9, SL at BE now USDCAD @ 12357.3, SL at BE now Edit: GBPCAD target 19597 USDCAD target 12436
All stopped out (tight trailing stops are in order today)
GBPCAD +37
USDCAD +14.5

AUDNZD -3
LOL that was a mistake, typed in the wrong pair!

Total for day +97.3
A pip is only worth it if you know how much you risked to earn it
  • #200
  • Jun 29, 2015 9:14am Jun 29, 2015 9:14am
interesting......I had a GCad long too, and am now AN long based on 1hr close.
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