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  • #1,121
  • Jan 18, 2016 7:24am Jan 18, 2016 7:24am
Quoting Go5
{quote} Thanks for your comments! The UCH SL was 2 pips above the swing, 7 pips more would have been enough.. {image}
yes but the signal candle was forming the swing that's why I would give more space. I would give at least 10 pips.
  • #1,122
  • Jan 18, 2016 7:26am Jan 18, 2016 7:26am
Quoting pipcat
{quote} Lebaneese, I am wondering, in this case, do you wait for a 50 pip move to update stop to BE on a single pair when entering on a 30min chart or on a 4 hr chart?
On M30, it depend on each pair volatility to move SL to BE.
4H is totally different MM .
  • #1,123
  • Jan 18, 2016 7:28am Jan 18, 2016 7:28am
Mr. Lebaneese

besides losses at GJ, UJ and CJ, can you check for my entry on UC and NJ too?

all this trades was done 2-3 hours before London start, does it matter?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCADM30.png Size: 32 KB
  • #1,124
  • Jan 18, 2016 7:28am Jan 18, 2016 7:28am
Apologies for being a nuisance with my extremely rookie questions but it think I may have missed the part where pending orders were discussed. As per my understanding, you enter long or short (depending on the dots' colour) right after the signal candle closes. But here I've seen traders uploading pictures with pending order placed where the signal candle opens. Am i correct in concluding that you only place a 'buy stop' at the opening point of a bear signal candle when going long?
Attached snapshot was taken a few minutes before the candle closed.

Green pips to you all, As Mr. Smoothtrader would say.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_09 Jan. 18 15.28.jpg Size: 70 KB
  • #1,125
  • Jan 18, 2016 7:33am Jan 18, 2016 7:33am
Quoting Lebaneese
{quote} On M30, it depend on each pair volatility to move SL to BE. 4H is totally different MM .
Thank you. Is this where you use ATR to help determine BE SL?
  • #1,126
  • Jan 18, 2016 7:34am Jan 18, 2016 7:34am
Quoting failedbid
Apologies for being a nuisance with my extremely rookie questions but it think I may have missed the part where pending orders were discussed. As per my understanding, you enter long or short (depending on the dots' colour) right after the signal candle closes. But here I've seen traders uploading pictures with pending order placed where the signal candle opens. Am i correct in concluding that you only place a 'buy stop' at the opening point of a bear signal candle when going long? Attached snapshot was taken a few minutes before the candle closed....
for buy signal we wait bearish candle and we call it retracement , what we trade is break of this candle. But is this case the move was already gone so we will enter late. I call it exhausted move.
Attached Image (click to enlarge)
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  • #1,127
  • Jan 18, 2016 7:35am Jan 18, 2016 7:35am
Quoting pipcat
{quote} Thank you. Is this where you use ATR to help determine BE SL?
​ATR is used for other trading system to define my SL and TP.
  • #1,128
  • Jan 18, 2016 7:37am Jan 18, 2016 7:37am
EN triggered
Attached Image (click to enlarge)
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  • #1,129
  • Jan 18, 2016 7:39am Jan 18, 2016 7:39am
NU also
Attached Image (click to enlarge)
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  • #1,130
  • Jan 18, 2016 7:48am Jan 18, 2016 7:48am
EN
Shouldn't be the setting like this?
Attached Image (click to enlarge)
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  • #1,131
  • Jan 18, 2016 8:00am Jan 18, 2016 8:00am
Quoting kiketo
EN Shouldn't be the setting like this? {image}
no Kiketo there was another retracement bar so we enter at lower one.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM30.png Size: 39 KB
  • #1,132
  • Jan 18, 2016 8:04am Jan 18, 2016 8:04am
Thank you for replying so quickly. I am uploading the picture you posted earlier with a sell stop. I'm simply trying to understand the logic behind pending orders in your system.

Why did you go for a pending order instead of opening a position just as soon as the signal candle ended?

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: forex.png Size: 35 KB
  • #1,133
  • Jan 18, 2016 8:11am Jan 18, 2016 8:11am
Quoting Lebaneese
NU also {image}
Lebaneese what is the trigger?
  • #1,134
  • Jan 18, 2016 8:12am Jan 18, 2016 8:12am
Quoting failedbid
Thank you for replying so quickly. I am uploading the picture you posted earlier with a sell stop. I'm simply trying to understand the logic behind pending orders in your system. Why did you go for a pending order instead of opening a position just as soon as the signal candle ended? Regards {image}
​because when I posted the trade the candle wasn't closed yet when it close the pending order should move up . We have to wait the candle close.
  • #1,135
  • Jan 18, 2016 8:27am Jan 18, 2016 8:27am
Quoting failedbid
Thank you for replying so quickly. I am uploading the picture you posted earlier with a sell stop. I'm simply trying to understand the logic behind pending orders in your system. Why did you go for a pending order instead of opening a position just as soon as the signal candle ended? Regards {image}
Hi Failedbid, you don't have to enter at the close of the signal candle but at the break of the low of that candle.

M.
  • #1,136
  • Jan 18, 2016 8:33am Jan 18, 2016 8:33am
EURUSD long trade is still in play at the moment. It still moving in a very tight range though. US holidays cause slow market movements.
Know your edge and trade within it
  • #1,137
  • Jan 18, 2016 8:33am Jan 18, 2016 8:33am
The U.S. Markets are closed today. Lebaneese, have you found that to not be important as far as currency trading goes?
  • #1,138
  • Jan 18, 2016 8:34am Jan 18, 2016 8:34am
h1 long signal
Attached Image (click to enlarge)
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  • #1,139
  • Jan 18, 2016 8:38am Jan 18, 2016 8:38am
Quoting wrapocs
h1 long signal {image}
​yes it is a valid signal .
  • #1,140
  • Jan 18, 2016 8:43am Jan 18, 2016 8:43am
Quoting L.m
{quote} Hi Failedbid, you don't have to enter at the close of the signal candle but at the break of the low of that candle. M.
Makes sense, thanks

And thank you Mr. Lebaneese for taking so much time to help other traders.
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