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Hippiedog's Keep it Stupid Simple

  • #41
  • Oct 8, 2015 6:50am Oct 8, 2015 6:50am
Quoting jgadefelth
{quote} I think you overreacting some i have not asked how mutch money you make or how mutch you invest in every trade i just simply ask on a return in percent if you tell me that you make 10 percent return on your investment every mounth that just tells me 10 percent it dont tells me what is your name or your account number or if it is 10 percent on 10 dollar, 100 dollar or 100000000000000000000000000 or even on a demo account. Best regards
sorry jgadefelth I have a weird sense of humour, 100% each month easily achieved if careful..
FREEDOM IS SECURITY.
  • #42
  • Oct 8, 2015 7:15am Oct 8, 2015 7:15am
GBP/NZD on my watchlist, very strong bearish currently, will be looking to take it to 50 EMA upon it breaking the resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.png Size: 71 KB
FREEDOM IS SECURITY.
  • #43
  • Oct 8, 2015 7:52am Oct 8, 2015 7:52am
Hi jgadegelth

This does need a proper EA to give the figures and results you are asking for so I have some mail out and there is also a thread posted by highfivve asking for any takers here http://www.forexfactory.com/showthread.php?t=561102 so hopefully soon will have some more refined data for people reading the thread..
Stay tuned.
FREEDOM IS SECURITY.
  • #44
  • Oct 8, 2015 8:00am Oct 8, 2015 8:00am
Tame impala, currents album hope this plays on here.

Inserted Video
FREEDOM IS SECURITY.
  • #45
  • Oct 8, 2015 8:42am Oct 8, 2015 8:42am
update- missed GBP/USD
Attached Image (click to enlarge)
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FREEDOM IS SECURITY.
  • #46
  • Oct 8, 2015 8:55am Oct 8, 2015 8:55am
Hippidog,

I am not sure what you actually do if the position goes awfully wrong. Do you take a 10K pips loss? Is there a point where you just take the loss, close all trades and move on? I suppose all trades are different and there is no set rules, but surely there are trades that will NEVER reach the 100 pip target. So what do you do then?

Thanks

Insider
  • #47
  • Oct 8, 2015 9:24am Oct 8, 2015 9:24am
Hi hd
Interesting strategy but very risky
I've posted below a EU chart and according with you we can take a BUY on yellow arrow ( 2015 Jan 2 ) at 1.20013.
Problem: from this date , EU had never reached this price.
Attached Image (click to enlarge)
Click to Enlarge Name: BB.jpg Size: 275 KB
  • #48
  • Oct 8, 2015 9:36am Oct 8, 2015 9:36am
Quoting madscalp
Hi hd Interesting strategy but very risky I've posted below a EU chart and according with you we can take a BUY on yellow arrow ( 2015 Jan 2 ) at 1.20013. Problem: from this date , EU had never reached this price. {image}
Hi madscalp !
You are safe when you had set a stop loss below the green hammer.
Next opportunity to buy only was at the lower right.
Just set a stop loss and let it go.
The bigger wins easily payout for the small losses.
Believe me it works.
It's just as simple as that.
There is no other secret in forex.
Floor traders in Chicago made tons of money but you need
to be extremely disciplined !!
Bernhard
  • #49
  • Oct 8, 2015 9:37am Oct 8, 2015 9:37am
Quoting madscalp
Hi hd Interesting strategy but very risky I've posted below a EU chart and according with you we can take a BUY on yellow arrow ( 2015 Jan 2 ) at 1.20013. Problem: from this date , EU had never reached this price. {image}

Yes very risky way to trade.

I am not defending this trading style with the below because I have said this is very risky way to trade but that said:

1: Knowing about January I very rarely trade January..
2: Also E/U every body was selling and watching that plummet, common sense should hopefully prevent anybody taking a stupid trade when a currency is falling of a cliff, so again it is really down to the trader to think about all the factors.
3: Always look to the left... If it has done it's 100 pips and then taken the negative direction jump on the trend it very well may not retrace for a long time.. remember the best trading is not reversal but trend trading so again the whole trading style in this thread is very very very risky but hopefully we are going to get an EA of somebody soon and see some more in depth data.

Thanks Madscalp
FREEDOM IS SECURITY.
  • #50
  • Oct 8, 2015 9:43am Oct 8, 2015 9:43am
Quoting behof
{quote} Hi madscalp ! You are safe when you had set a stop loss below the green hammer. Next opportunity to buy only was at the lower right. Just set a stop loss and let it go. The bigger wins easily payout for the small losses. Believe me it works. It's just as simple as that. There is no other secret in forex. Floor traders in Chicago made tons of money but you need to be extremely disciplined !! Bernhard
Hi behof

Thanks for post...

A stop loss will definitely help this, we really need that EA any body?

Please help EA DUDES....
FREEDOM IS SECURITY.
  • #51
  • Oct 8, 2015 9:48am Oct 8, 2015 9:48am
Quoting insider999
Hippidog, I am not sure what you actually do if the position goes awfully wrong. Do you take a 10K pips loss? Is there a point where you just take the loss, close all trades and move on? I suppose all trades are different and there is no set rules, but surely there are trades that will NEVER reach the 100 pip target. So what do you do then? Thanks Insider
Hi insider999

Nope I just trade my way out of hell... I take it on the chin, but that is why I started doing this with a micro even when I had a considerable sized fx account already...
It is seriously risky way to trade, but after a while providing you are able to study fx news and trending markets to stay away from then you are on your way... but yes china caught me out badly but stayed with it for 3-4 weeks and came out on top...

Definitely do not start trading with large lots, once you get used to trading like this then increase while compounding... but I will continue to post on here what I think I may be taking and it is down to any body to take in to consideration if they are going to trade it...

I will always trade myself out of a bad situation insider999
FREEDOM IS SECURITY.
  • #52
  • Oct 8, 2015 10:01am Oct 8, 2015 10:01am
Actually though Looking back on 4H is slightly misleading as the candles can cover 100 pip moves, now if the candle is red bearish, it doesn't actually mean that it went directly down in that 4 hour period and stayed at the bottom waiting...

Again not defending how risky this style of trading is but be aware of that when backtesting through charts anybody, that 4Hour red bearish could of made you 400 pips bouncing up and down with in itself before settling at the bottom.

Worth knowing.
FREEDOM IS SECURITY.
  • #53
  • Oct 8, 2015 10:43am Oct 8, 2015 10:43am
Quoting hippiedog
remember the best trading is not reversal but trend trading
I agree totally
i'm always careful about system against the trend even with small lots
  • #54
  • Oct 8, 2015 10:46am Oct 8, 2015 10:46am
Hello again,

Staying away from trends makes sense with any oscillator signals. Could ADX be helpful? Say, as a rule of tumb, any pair with an ADX (14) over 20 on the daily chart would be considered dangerous to trade. Maybe 20 is a little low.
Have you considered that before?

Insider
  • #55
  • Oct 8, 2015 10:59am Oct 8, 2015 10:59am
I was looking at the G/U 3 min on with the ADX.... after todays news and ADX definitely helps.

This may be better for scalping for some people, to include possible stops or dare I say a Martingale where by instead of each position been same lot size but increase each position size...

1,2,3 etc etc you know just to add heat to the fire

I am looking more into it...
FREEDOM IS SECURITY.
  • #56
  • Oct 8, 2015 11:37am Oct 8, 2015 11:37am
Hi

Bearing in mind I only skimmed the thread and have not read in detail I just wanted to share my this idea in contrary to the keep on adding idea

once the PA return from outside the 100/2 you can use that as the swing high or low to put the SL in place .

I know the entries are not 100% correct but just showing the idea

Any way,all the best

Rooi

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


Added : Catastrophic loss on EU averted
Attached Image (click to enlarge)
Click to Enlarge Name: SL2.png Size: 84 KB
We miss 100% of the shots we don't take
  • #57
  • Oct 8, 2015 12:31pm Oct 8, 2015 12:31pm
Quoting Rooi
Hi Bearing in mind I only skimmed the thread and have not read in detail I just wanted to share my this idea in contrary to the keep on adding idea once the PA return from outside the 100/2 you can use that as the swing high or low to put the SL in place . I know the entries are not 100% correct but just showing the idea Any way,all the best Rooi {image} Added : Catastrophic loss on EU averted {image}
Hi Rooi

Thanks, will try this out on micro or demo for next month on a take every PA return over 100/2 basis with stop at 100/3 and see how it pans out overall.

Any good at EA's at all?
FREEDOM IS SECURITY.
  • #58
  • Oct 8, 2015 12:49pm Oct 8, 2015 12:49pm
Quoting hippiedog
{quote} Hi Rooi Thanks, will try this out on micro or demo for next month on a take every PA return over 100/2 basis with stop at 100/3 and see how it pans out overall. Any good at EA's at all?
Hi hd

I'm far from having the time sit and work on something as my skills are far from great but have a look here
Attached File(s)
File Type: mq4 GY 1M Bollinger Bands Scalping System EA.mq4   7 KB | 683 downloads

Found here
http://www.tradingsystemforex.com/ex...system-ea.html

Otherwise have a look HERE <------ Click there
I always check the picture in google search to find something that look like what I want.

From my experience,the longer the thread is around and the better the results look the bigger chance you have of someone helping with the EA.

Sorry I can't be of more help,but too busy with trading.

Rooi
We miss 100% of the shots we don't take
  • #59
  • Oct 8, 2015 12:53pm Oct 8, 2015 12:53pm
Quoting hippiedog
It is a risky way to trade

I know it's only October, but I hope you won't mind my mentioning that this comment might well end up being in the running for the forum's "Understatement of the year" award for 2015.
  • #60
  • Oct 8, 2015 12:53pm Oct 8, 2015 12:53pm
Nice one Rooi I will take a look, cheers

NZD/USD 4H on my watchlist
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd 4.png Size: 65 KB
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