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Market Predatorfx58

  • #161
  • Jun 15, 2017 8:33am Jun 15, 2017 8:33am
Quoting PrinceJ58
How potent can a reversal be? {image}
I died because of the recersal
there must be something I'm not getting right yet.
besides getting stopped out, I got slippage loss from it too. Hmmm
interesting

should markets like certainty, this explains the pause in direction.
makes me further.
Mill learn from this mpc bank rate event.
i was shorting into GBPUSD and gbpaud
both reversed. And got stopped with slippage.

im thiking of doing a limit order away from the box. Something like a hit and go and take profit before such "high risk" events take place
  • #162
  • Jun 15, 2017 8:34am Jun 15, 2017 8:34am
Quoting PrinceJ58
How potent can a reversal be? {image}
I second that
  • #163
  • Jun 15, 2017 8:39am Jun 15, 2017 8:39am
Quoting PrinceJ58
What happens when you don't follow the steps of the system I have done a demonstration on a demo account. Common mistakes of traders make with this system: Trading without stop-loss Not moving stop-loss Not using Take Profit or Closing out method Not taking incremental Profits Not using multiples in trade sizes for proper money management. Not letting the trade do its journey Not observing Potential reversal closed candles Not being aware {image}
Does trading Asian range and London session and closing before us session work?

in addition to these rules here.
im trying to be as conservative and capital preservative as possible.

i notice the pairs I like eg euraud eurnzd and gbpaud gbpnzd doesn't trend into the us session

and I do count the average daily range for the pair too. To keep me safer.

this approach of the rules stated helps me stay green
  • #164
  • Jun 15, 2017 8:41am Jun 15, 2017 8:41am
Quoting fanatics
{quote} Hmm I only have four trades triggered today. And all ended up as losses. I had sells for gbpcad, gbochf, gbpusd, buy for cadchf. I traded the Asian range only. Princej58, your trades were those you listed earlier?
Fanatics, I was in similar situation as you. Feeling gbpaud and GBPUSD and gbpcad
they were green from Asian to London session and in came news and it reversed.

mistake learnt for me - yes breakout, least aside, I entered the London session late. And didn't get the chance to break even. Ouch
  • #165
  • Jun 15, 2017 8:42am Jun 15, 2017 8:42am
Quoting fanatics
{quote} Hmm I only have four trades triggered today. And all ended up as losses. I had sells for gbpcad, gbochf, gbpusd, buy for cadchf. I traded the Asian range only. Princej58, your trades were those you listed earlier?
The initial breakout would have been in profits...
Should the stop loss be moved to break-even all would be well.

This situation happens to me at times when i don't follow the rule. Like the other day-Monday if i had not moved the stop losses i would have also incurred a loss as well.
Attached Image (click to enlarge)
Click to Enlarge Name: Intial breakout.png Size: 280 KB
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  • #166
  • Jun 15, 2017 8:45am Jun 15, 2017 8:45am
Quoting fanatics
{quote} Did you leave both pending orders or you did OCO? I did OCO and had losses
I did not use oco, as i have had experience where both side breaking out would yield good profits. As stated in the past, OCO has its good and it has its bad- This is one of them, so i have been leaning towards leaving the other one.
The trades have to be managed in these situations though.
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  • #167
  • Jun 15, 2017 9:13am Jun 15, 2017 9:13am
Quoting PrinceJ58
{quote} I did not use oco, as i have had experience where both side breaking out would yield good profits. As stated in the past, OCO has its good and it has its bad- This is one of them, so i have been leaning towards leaving the other one. The trades have to be managed in these situations though.
Ok sure. I hope all these scenarios would b covered in the document. So that we would know exactly what to code for different scenarios.
  • #168
  • Jun 15, 2017 9:52am Jun 15, 2017 9:52am
Quoting fanatics
{quote} Ok sure. I hope all these scenarios would b covered in the document. So that we would know exactly what to code for different scenarios.
I will try my best to assist where I can. So you are coder?
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  • #169
  • Jun 15, 2017 9:58am Jun 15, 2017 9:58am
Quoting CliffyC
{quote} Does trading Asian range and London session and closing before us session work? in addition to these rules here. im trying to be as conservative and capital preservative as possible. i notice the pairs I like eg euraud eurnzd and gbpaud gbpnzd doesn't trend into the us session and I do count the average daily range for the pair too. To keep me safer. this approach of the rules stated helps me stay green
An easy way to know is to look back at 1 to 2 hours before us session opens and 15-30 minutes before.
Either it reverses on the open or there is big push in favour of the trade direction.
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  • #170
  • Jun 15, 2017 10:08am Jun 15, 2017 10:08am
The next thread I will start will focus on what i think could likely be a very profitable scalping technique once optimized correctly.
Or should I keep it a secret hmm. There have been a lot of takers, Casper's (ghost-followers) recently on this thread versus givers and supporters. I will sleep on it.
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  • #171
  • Jun 15, 2017 6:41pm Jun 15, 2017 6:41pm
Quoting PrinceJ58
{quote} I will try my best to assist where I can. So you are coder?
Yes I am a coder. We can make this work.
  • #172
  • Edited 7:28pm Jun 15, 2017 6:42pm | Edited 7:28pm
Quoting PrinceJ58
The next thread I will start will focus on what i think could likely be a very profitable scalping technique once optimized correctly. Or should I keep it a secret hmm. There have been a lot of takers, Casper's (ghost-followers) recently on this thread versus givers and supporters. I will sleep on it.
I'm definitely interested! Like I previously told u, I'm interested in scalping as well. We can take it up privately only for those really interested and willing to help.
  • #173
  • Jun 15, 2017 8:30pm Jun 15, 2017 8:30pm
Quoting fanatics
{quote} Yes I am a coder. We can make this work.
Great Stuff Fanatics
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  • #174
  • Jun 15, 2017 8:32pm Jun 15, 2017 8:32pm
Quoting fanatics
{quote} I'm definitely interested! Like I previously told u, I'm interested in scalping as well. We can take it up privately only for those really interested and willing to help.
Precisely I am willing to share as long as i have some serious people who are willing to do some screen time to get things done.
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  • #175
  • Jun 15, 2017 8:35pm Jun 15, 2017 8:35pm
Quoting fanatics
{quote} If we code an ea for this strategy, it's not going to be easy to detect such reversals.
I have a few E.A.s found here on forex factory and far from forex factory that can help, I think, not sure but every coder is different.
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  • #176
  • Jun 15, 2017 8:50pm Jun 15, 2017 8:50pm
GBP experiencing something can anyone figure it out.
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  • #177
  • Edited 11:45pm Jun 15, 2017 11:27pm | Edited 11:45pm
Quoting PrinceJ58
GBP experiencing something can anyone figure it out.
A below its average Asian session range move base on cheat sheet
it should be 60pips for Asian range for gbdusd
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 51 KB
  • #178
  • Edited Jun 16, 2017 12:04am Jun 15, 2017 11:53pm | Edited Jun 16, 2017 12:04am
Quoting CliffyC
{quote} A below its average Asian session range move base on cheat sheet it should be 60pips for Asian range for gbdusd {image}
I think that is about correct in terms of acceptable range limit and the 180 day ADR was around 160 don't remember off the top of my head. Its in my cheat sheet though.

It allows you to subtract the 60 pips leaving you with a possible move if 120 pips on average. So I'd price should breakout in one direction without any reversals/ change of trend, then expect that kinda move. Otherwise the smaller the better. The only trick to it sometimes it breaks both directions when the range is really small, price may break & reverse throughout the actual trading day.

Oh I almost forgot to mention that it really is nice to see you add some flavour to the mix...nice ma's. I hope it helps you.
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  • #179
  • Jun 16, 2017 6:11am Jun 16, 2017 6:11am
Why can we leave trades running?Need Responses?
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  • #180
  • Jun 16, 2017 6:24am Jun 16, 2017 6:24am
No Response!!! Seriously?
So many persons present & no Response hmm...
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