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20 pips with Livelli indicator

  • #81
  • Jul 16, 2015 4:59am Jul 16, 2015 4:59am
Quoting toscano
Hi, today are u.s. unemployment rates: do you stay at market or close your position? Thanks. Leonardo
Entirely up to you Leonard
The only time I would close trades would be 13.00 Wednesday 1st week of the month and NFP
  • #82
  • Jul 16, 2015 6:07am Jul 16, 2015 6:07am
Quoting raylin
{quote} Entirely up to you Leonard The only time I would close trades would be 13.00 Wednesday 1st week of the month and NFP
Thank you Raylin
  • #83
  • Jul 16, 2015 6:50am Jul 16, 2015 6:50am
Raylin,

can you list the currency pairs you trade with please ?
  • #84
  • Jul 16, 2015 6:54am Jul 16, 2015 6:54am
I would have jumped in on the NZD/USD pair this morning and would have lost,can someone tell me why it was a bad trade? sorry still learning...
  • #85
  • Jul 16, 2015 7:38am Jul 16, 2015 7:38am
Quoting nozzer
I would have jumped in on the NZD/USD pair this morning and would have lost,can someone tell me why it was a bad trade? sorry still learning...
Hi Nozzer,

for me was a sell trade from 0.6510. How many pips had your stop?

But 0.65 is a big support. So I don't trade it.

I'm still learning too.

And this is my think.

We wait for Ray, now
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  • #86
  • Jul 16, 2015 7:44am Jul 16, 2015 7:44am
Off topic: CAD, bad news. USD, good news. UsdCad going down
Not sure if I should pay more attention to the news or just ignore them entirely from now on.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #87
  • Jul 16, 2015 7:49am Jul 16, 2015 7:49am
I am a little confused about entry. Do you put pending orders just above/below the dots or do you wait until the trigger candle hits the dot and wait until that candle closes?
  • #88
  • Jul 16, 2015 9:41am Jul 16, 2015 9:41am
Hi guys ,

new here and will follow this method ..
few questions ..
- the zigzag valus 6 and 24 in the indicator remain as they are?
- the 7 and 28 ema i must create using moving average indicator ?
- someone here tried to use on the new york opening ??

Thanks and Good luck ,

Nir.
  • #89
  • Jul 16, 2015 11:36am Jul 16, 2015 11:36am
Quoting nozzer
I would have jumped in on the NZD/USD pair this morning and would have lost,can someone tell me why it was a bad trade? sorry still learning...
Hi Nozzer
Can't see a trade on my charts on Nzd/usd also I stay out of trades going into big round numbers
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  • #90
  • Jul 16, 2015 12:07pm Jul 16, 2015 12:07pm
Quoting jmullins9646
I am a little confused about entry. Do you put pending orders just above/below the dots or do you wait until the trigger candle hits the dot and wait until that candle closes?
When the 1st 3 dots appear on the chart I normally put the buy stop or sell stop at the close of the
the 1st candle.Sometimes if you do this the price as gone past that entry so I do not take the trade
Hope that is clear
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  • #91
  • Jul 16, 2015 4:36pm Jul 16, 2015 4:36pm
Raylin,

oh ok,thanks for explaining that for me :]
  • #92
  • Jul 17, 2015 2:01am Jul 17, 2015 2:01am
Hi everibody,

these are, for me, the first trade:

eurjpy sell order 134,74
eurusd sell order 1.0874

What do you think?
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  • #93
  • Jul 17, 2015 2:43am Jul 17, 2015 2:43am
Two trades today
bought Pound/Jpy at 194.08 didn't want to take trade below round number profit 10 pips
Bought Pound/Usd 1.5643 profit 10 pips with 3 pips locked in on 2nd trade (bit late in entry with this trade
Unfortunately lost 200 pips yesterday
Attached Image(s) (click to enlarge)
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  • #94
  • Jul 17, 2015 3:05am Jul 17, 2015 3:05am
Hi Toscano
Since it looks like we are the only ones that are trading this system I would like your views on the take profit
I have back tested this system on most pairs and seem to achieve a 80% strike rate
I know that by bringing my stop loss down to 40 or 30 pips this drastically reduces strike rate
I was considering after 10 pips move the stop to break even on both trades and the just take profit on the first trade at 20 pips
and the 2nd trade out at 40 pips
This way we make 60 pips per trade risking 100 pips
  • #95
  • Jul 17, 2015 3:59am Jul 17, 2015 3:59am
Quoting raylin
Hi Toscano Since it looks like we are the only ones that are trading this system I would like your views on the take profit I have back tested this system on most pairs and seem to achieve a 80% strike rate I know that by bringing my stop loss down to 40 or 30 pips this drastically reduces strike rate I was considering after 10 pips move the stop to break even on both trades and the just take profit on the first trade at 20 pips and the 2nd trade out at 40 pips This way we make 60 pips per trade risking 100 pips
Hi Raylin,

I see too that maybe we are the only ones that we are trading with this system. This is a simple system and I like this system.
About the tp yesterday I put the trailing stop on both the positions when pips were 10 and trailing stop (Eurjpy 15 and 16 pips; Eurusd 15 pips both the positions; usdjpy 11 pips every trade). We can move to break even after 10 pips and close the first trade to 20 pips. I think that we consider to run the trailing stop for the second trade; and trade out when price hit trailing stop. So we could bring an higher gain. Now I try.

I entered now on usdcad: buy 1.2973 and now the gain is 10 pips

What do you think?
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  • #96
  • Jul 17, 2015 4:38am Jul 17, 2015 4:38am
Hi Leonard (Toscano)
Yes I think that might work ie trailing stop
I find 50% of the trades are in profit within the hour and then do nothing or sometimes you will get a breakout in the 1st
15 minutes and you can achieve 100 pips
I have been back testing the Pound/usd, Euro/Usd and Pound/Jpy on the 15 minutes chart with the same success rate in fact
your trade on the Usd/Cad would be in profit by 20 pips already with trailing stop in place
Attached Image (click to enlarge)
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  • #97
  • Jul 17, 2015 4:41am Jul 17, 2015 4:41am
Hi

I am closely following too but not trading yet due to not having found the optimal stop and target yet.
Regards
  • #98
  • Jul 17, 2015 4:53am Jul 17, 2015 4:53am
Quoting raylin
Hi Leonard (Toscano) Yes I think that might work ie trailing stop I find 50% of the trades are in profit within the hour and then do nothing or sometimes you will get a breakout in the 1st 15 minutes and you can achieve 100 pips I have been back testing the Pound/usd, Euro/Usd and Pound/Jpy on the 15 minutes chart with the same success rate in fact your trade on the Usd/Cad would be in profit by 20 pips already with trailing stop in place {image}
Yes, I see.

I opened positions on 1h chart and my entry was 1.29723. I don't see 15M chart. Now the positions are in pair. While I wrote the last post the price had a ratracement and i didn't put the trailing stop.

I removed the two pending order on eurusd and eurjpy

Leonardo
  • #99
  • Jul 17, 2015 5:12am Jul 17, 2015 5:12am
Nice to have you on board Howard
The risk reward is an issue at the moment but may improve with the 15 minutes charts and taking the stop to break even
after 10 pips and trailing stop on the 2nd trade of 20 pips
Two trades I took yesterday on the 1 hour system loss of 200 pips would have been a
profit of 35 pips on the 15 minute system.Still early days requires more back testing and forward testing
  • #100
  • Jul 17, 2015 5:17am Jul 17, 2015 5:17am
Hallo Howard, welcome on board.

Now I decided to trade out from usd cad.

Leonardo
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