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Market Predatorfx58

  • #181
  • Jun 16, 2017 6:29am Jun 16, 2017 6:29am
Quoting PrinceJ58
Why can we leave trades running?Need Responses?
Meaning? I guess follow your trade plan meaning let trade either hit SL or TP as every trigger pull have already been taken into account risk factor.
Self discipline It is a practice
  • #182
  • Jun 16, 2017 6:31am Jun 16, 2017 6:31am
Quoting okshop
{quote} Meaning? I guess follow your trade plan meaning let trade either hit SL or TP as every trigger pull have already been taken into account risk factor.
Thanks Soldier for you i will respond as the rest remain spectators...
I will give it some more time...There is no wrong answer PEOPLE!!!!
R:R "Percentage Focus"
  • #183
  • Jun 16, 2017 6:40am Jun 16, 2017 6:40am
Quoting PrinceJ58
{quote} Thanks Soldier for you i will respond as the rest remain spectators... I will give it some more time...There is no wrong answer PEOPLE!!!!
Been a busy work day so no time to check out here. If u r referring to gbpusd, I guess reason is the upcoming usd red news in about one hour? Plus 8t has been ranging the whole of today.

Just reporting my demo results today. Poor... Had many stop loss trades. current open positions are green but overall for the day is very negative. Will not close my positions and will let them run till new york session.

How did your trades fair today, Princej58?
  • #184
  • Jun 16, 2017 6:42am Jun 16, 2017 6:42am
The picture tells the story...
Attached Image (click to enlarge)
Click to Enlarge Name: How Powerful can this be....png Size: 131 KB
R:R "Percentage Focus"
  • #185
  • Jun 16, 2017 6:44am Jun 16, 2017 6:44am
Quoting fanatics
{quote} Been a busy work day so no time to check out here. If u r referring to gbpusd, I guess reason is the upcoming usd red news in about one hour? Plus 8t has been ranging the whole of today. Just reporting my demo results today. Poor... Had many stop loss trades. current open positions are green but overall for the day is very negative. Will not close my positions and will let them run till new york session. How did your trades fair today, Princej58?
Yes I'm thiking markets are waiting for a rebound in dollar strength to short the GBPUSD? It's been in a consolidation during Asian and euro session

tbis scares me. The breakout will be crazy I feel
  • #186
  • Jun 16, 2017 6:46am Jun 16, 2017 6:46am
Quoting PrinceJ58
{quote} Thanks Soldier for you i will respond as the rest remain spectators... I will give it some more time...There is no wrong answer PEOPLE!!!!
I have to ask, why are some people saying Friday trading is optional?
Is there any detailed effects that affect this?
like options expirations always on Friday?

this has been something I been wandering.
  • #187
  • Jun 16, 2017 6:57am Jun 16, 2017 6:57am
Quoting CliffyC
{quote} Yes I'm thiking markets are waiting for a rebound in dollar strength to short the GBPUSD? It's been in a consolidation during Asian and euro session tbis scares me. The breakout will be crazy I feel
Should give you excitement... Can't know unless you try. I feel you are a safe trader that will wait for the breakout then enter.
R:R "Percentage Focus"
  • #188
  • Jun 16, 2017 6:59am Jun 16, 2017 6:59am
Quoting okshop
{quote} Meaning? I guess follow your trade plan meaning let trade either hit SL or TP as every trigger pull have already been taken into account risk factor.
What about scaling out of a trade? You still bank something on that balance and move SL to break even.
R:R "Percentage Focus"
  • #189
  • Jun 16, 2017 7:04am Jun 16, 2017 7:04am
Quoting PrinceJ58
{quote} Should give you excitement... Can't know unless you try. I feel you are a safe trader that will wait for the breakout then enter.
thats so funny. yes my personality is reflected in way I press the mouse. I realize trading reflects alot of myself.
I like to wait for the breakout and count the daily range, and also break even +2.
Making it slow like a marathon and not a race.
  • #190
  • Jun 16, 2017 7:06am Jun 16, 2017 7:06am
Quoting CliffyC
{quote} I have to ask, why are some people saying Friday trading is optional? Is there any detailed effects that affect this? like options expirations always on Friday? this has been something I been wandering.
I beg to ask the question if you were a swing/positional trader, observing only daily to monthly charts and holding trades based on that condition would you get in and out of trades? Hmmn
R:R "Percentage Focus"
  • #191
  • Jun 16, 2017 7:06am Jun 16, 2017 7:06am
Quoting PrinceJ58
{quote} What about scaling out of a trade? You still bank something on that balance and move SL to break even.
Yes the calmer the better, it geives me time to put orders on both sides and it doesnt retrace and eat into the stop loss.
Im thinking of gbpnzd and gbpusd for the us session
  • #192
  • Jun 16, 2017 7:11am Jun 16, 2017 7:11am
Quoting CliffyC
{quote} thats so funny. yes my personality is reflected in way I press the mouse. I realize trading reflects alot of myself. I like to wait for the breakout and count the daily range, and also break even +2. Making it slow like a marathon and not a race.
I made a pole for the reason that we could help each other in figuring out how to approach methods best for their trading preferences.
So if you wouldn't mind in sharing your idea of what you want and look for. I will use it as an example. Probably the silent traders will speak then.
R:R "Percentage Focus"
  • #193
  • Jun 16, 2017 7:18am Jun 16, 2017 7:18am
Quoting PrinceJ58
{quote} What about scaling out of a trade? You still bank something on that balance and move SL to break even.
Yes I do use SL TO BE or Trailing Stop on all my trades as I think FX is an illusion like a magic show and instead of being a spectator it’s better to learn the magic and be the magician
Self discipline It is a practice
  • #194
  • Jun 16, 2017 7:28am Jun 16, 2017 7:28am
Quoting okshop
{quote} Yes I do use SL TO BE or Trailing Stop on all my trades as I think FX is an illusion like a magic show and instead of being a spectator its better to learn the magic and be the magician

Sometimes there will be these days...BUT HOW TO CAPITALIZE? It may breakout higher or reverse.
Identify how to find moments like these it may do us all well.
Attached Image (click to enlarge)
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R:R "Percentage Focus"
  • #195
  • Jun 16, 2017 7:47am Jun 16, 2017 7:47am
Hmm the results tell the story... on the divergence.
I gave hints you can go check your cadjpy... I wont do anymore of that though
15 pips at 1:00 Lot hmmm
15 pips at 5:00 Lot
15 Pips at 10:00 Lots
Attached Image (click to enlarge)
Click to Enlarge Name: Divergence.png Size: 80 KB
R:R "Percentage Focus"
  • #196
  • Jun 16, 2017 8:01am Jun 16, 2017 8:01am
Now about Coding...Fanatics and others... there are several existing E.A.'s on the market which reflect similar details and could be modified to reflect the differences in this strategy to begin with , but what if an indicator is developed like the one i have posted, it would help us to see what are the best parameters to implement.
R:R "Percentage Focus"
  • #197
  • Jun 16, 2017 8:05am Jun 16, 2017 8:05am
Quoting PrinceJ58
Now about Coding...Fanatics and others... there are several existing E.A.'s on the market which reflect similar details and could be modified to reflect the differences in this strategy to begin with , but what if an indicator is developed like the one i have posted, it would help us to see what are the best parameters to implement.
I can take a look at the code. How do you want it to be modified?
  • #198
  • Jun 16, 2017 8:17am Jun 16, 2017 8:17am
Quoting PrinceJ58
{quote} I made a pole for the reason that we could help each other in figuring out how to approach methods best for their trading preferences. So if you wouldn't mind in sharing your idea of what you want and look for. I will use it as an example. Probably the silent traders will speak then.
I like capital preservation. like a +2 and brreak even, it feels good to look at it hehe.
Instead of a bad stop loss.

At times, it just goes against me and eats me out when i do the BE. Ill just reenter. But if its too far from the open of the day. Ill stop it.
I learnt to trade another day. Greed kills =D
  • #199
  • Jun 16, 2017 8:27am Jun 16, 2017 8:27am
https://admiralmarkets.com/education...to-trade-forex

I was surfing and doing homework and reading.
Absorbing this now
Attached Image
  • #200
  • Jun 16, 2017 8:30am Jun 16, 2017 8:30am
Quoting PrinceJ58
Can this indicator be upgrade to fit out strategy... It should reflect mm session. The main concern here is ADR that is Less than Half of the Daily Average range of an asset. {image} {file} {image}
Hey Prince,

I like the idea you're working with. When I first began looking into trading Forex I investigated that indicator and it looked very promising, but utilizing the logic you've added with the sessions, news, etc... it would almost have to work even better. The programmer/coder is Sqaulou: https://www.forexfactory.com/squalou

The original premise behind the strategy was that the market creates consolidation areas that it returns to periodically. There were some guys on 'Forexhard's' thread (the guy who thought of it) that did well, even without the indy.

I think all you'd have to do is to restrict the indicator to only calculate consolidation areas at certain times and prior to major news announcements, or include options for one or both criteria in the existing code. That way you could easily test your strategy for as far back as you want.
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