DislikedThank you for the answersI just wanted to see if I was doing something wrong, but I guess that's the way it is.
Wonderful system nonetheless!
Thanks Imram and everybody.Ignored
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DislikedThank you for the answersI just wanted to see if I was doing something wrong, but I guess that's the way it is.
Wonderful system nonetheless!
Thanks Imram and everybody.Ignored
DislikedA question for the veterans who use this system often.
There were two similar triggered trades yesterday and today. They were both Sell trades, triggered after a rally. The Lags were both very similar in their positions and in both cases they were "counter-trend" if you look at the EMAs, in both cases the price was about the Daily Pivot.
Can anyone point me a reason / reasons for the first trade being successful, while the second unsuccessful (stop loss hit), apart from the fact that the second one was triggered after the 60EMA had crossed the 200EMA?
ThanksIgnored
DislikedIts worth noting that though there was a 'clear' signal, the lag2 had been stuck at the top for a while. in those circumstances i tend to look at other time frames to see what is going on. You would notice that the 15, 30 a 1hr time frames all show strong pressure to the upside and consequently i decided against it. Plus the price seemed to close to the emas which made me worried about the possibility of whipsaws especially after such one way traffic yesterday.Ignored
Quoting rocwellDislikedIts worth noting that though there was a 'clear' signal, the lag2 had been stuck at the top for a while. in those circumstances i tend to look at other time frames to see what is going on. You would notice that the 15, 30 a 1hr time frames all show strong pressure to the upside and consequently i decided against it. Plus the price seemed to close to the emas which made me worried about the possibility of whipsaws especially after such one way traffic yesterday.Ignored
DislikedSo how are the "Pro's", using this method with success, thinking about the next move? 400 pip move on the GBPJPY, above a resitance line, MAs pointing up, and soon kicking a sell signal. Will you go with the sell, against trend etc, what are your thoughts, and not i 12 hours when we all know what happend?!!?Ignored
DislikedSo how are the "Pro's", using this method with success, thinking about the next move? 400 pip move on the GBPJPY, above a resitance line, MAs pointing up, and soon kicking a sell signal. Will you go with the sell, against trend etc, what are your thoughts, and not i 12 hours when we all know what happend?!!?Ignored
DislikedFrank
on the 5 min, a sell signal was triggered at 227.81, i am riding this till the daily pivot where we should see a bounce, so my SL is 228.05 and TP is 225.94
note weekly pivot provided resistance so that also would have been a good place to short it, the upmove was exhaustedIgnored
DislikedI stopped out my long with a profit.. and now riding the wave back down.... Got to love a market that movesIgnored
DislikedHave you used the MACD crossover as the entry? Because I waited 3 candles until the Stochastic crossed and the Lag 2 got below 0.85 at 227.33.Ignored
DislikedI'm always happy when traders are successful, we deserve it. BUT on what signals did you ride the wave back? I got a sell at 227.32 and took a quick 25 pips. I'm not riding, as we are countertrending..
If i'm not mistaken, the signal this morning leading into this big move up was just BELOW the pivoline, meaning a rule was broken if you went long, the trend for the last 6-8 hours had been down, so one went against the trend if entering a trade.. I hope everyone sees my point here! It's possible to bend the rules, but how many times do you get away with it.Ignored
Quoting imramsaitDislikedi used the lag and macd to take a trade, stoch sometimes takes 2-3 candles late also, but even 227.33 was a good entry if u see, already +50 on that
so as long as u are new and getting used to system , take entry on confirmation from stoch, later once u get used to it, can take entry on lag and macdIgnored
DislikedI'm always happy when traders are successful, we deserve it. BUT on what signals did you ride the wave back? I got a sell at 227.32 and took a quick 25 pips. I'm not riding, as we are countertrending..
If i'm not mistaken, the signal this morning leading into this big move up was just BELOW the pivoline, meaning a rule was broken if you went long, the trend for the last 6-8 hours had been down, so one went against the trend if entering a trade.. I hope everyone sees my point here! It's possible to bend the rules, but how many times do you get away with it.
Imransat:
This it what I mean, you point out an entryspot where the lags are not below 0.85, the MACD has barely crossed, and STOCH is still not negative? I'm just worried about those that can't read the system clearly if they get the wrong signals, when many in here break the rules.. maybe a trading journal thread where we only discuss our trades and how we see the signals.Ignored
Dislikedi used the lag and macd to take a trade, stoch sometimes takes 2-3 candles late also, but even 227.33 was a good entry if u see, already +50 on that
so as long as u are new and getting used to system , take entry on confirmation from stoch, later once u get used to it, can take entry on lag and macdIgnored
DislikedImran,
Are you using the MT4 platform??? I guess the heart of question is how do you technically lock in some profit? I have my order in, with a few lots, but I'm not sure how to unload a lot from that order, while keeping the rest of the lots in the trade...
Any help form anyone would be greatly appreciated...Ignored
DislikedThanks guys for your replies. I hope you understand that I'm not "bitching" here, just want to know how you're think about the trades you enter. Yesterday, I actually tried to bend the rules with almost the same setup as this morning and got burned. I like this system, and already making pips on it, and will start aiming for at least a 100 pips a day.
Now I'm waiting for the buy signal, and I will watch that carefully as the upmove could have ended for now, so maybe some 30 pips and then a new sell for a longer ride down to the pivo.
Imransait: How about a thread just for trades with the system, everyone can help eachother?Ignored
DislikedImran,
Are you using the MT4 platform??? I guess the heart of question is how do you technically lock in some profit? I have my order in, with a few lots, but I'm not sure how to unload a lot from that order, while keeping the rest of the lots in the trade...
Any help form anyone would be greatly appreciated...Ignored
DislikedYou can try this method that i got from andhimozza :
1. Click the order you want to close order...
2. Change the lot smaller than you put first.. i.e. : you put order with 1 lot and want to close 0,1 lot, open the window to close order and change the lot to 0,1 and clik Close..
3. now you have safe 0,1 lot and let 0,9 lot still run
I hope this answer can help you..Ignored