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This topic contains 442 replies, has 32 voices, and was last updated by  Lucky Mametja 54 minutes ago.

Viewing 20 posts - 381 through 400 (of 443 total)
  • Author
    Posts
  • #60526

    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 496

    So this would mean its a retrace…..keep t/p levels tight in this case.

    #60527

    Aariff Kadar
    Participant
    • Topics: 0
    • Replies: 53

    Raj,

    Thanks for the example. I have question on it.

    AUDJPY – 15 MIN signal, 1hour candle was not above MA’s and Trend in 1 hour also down. Can you please let me know why you made this trade.

    GBPJPY – 30 min chart was not above MA and trend is also down.

    Aariff

    #60539

    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 496

    Aariff – aud/jpy is in a sideways consolidation….it was at the bottom of the range that’s why I took the long. I thought it might break out to the upside, but it didn’t happen yet.

    Gbp/Jpy has bullish divergence so I have been taking any long opportunities I can get.

    Cheers.

    #60546

    basharat Javed
    Spectator
    • Topics: 0
    • Replies: 10

    Thanks raj for great support.

    #60555

    No Name
    Spectator
    • Topics: 0
    • Replies: 54

    Nice morning trade on EURUSD – entry (or re-entry) shown on 30/15/5min charts 8-8:30 GMT

    Watch for aggressive response to Retail Sales today – these are the December shopping results and are considered very significant regarding US consumer spending

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    #60561

    Adz B
    Spectator
    • Topics: 0
    • Replies: 43

    Thanks for the heads up Keith!

    #60567

    Aariff Kadar
    Participant
    • Topics: 0
    • Replies: 53

    Thanks Raj.

    I managed to make 3 successful trades today in 15 min.

    I will continue to trade in demo and i will let you know, if i get lost again 🙂

    Thanks for your patience and support for me. you answered all my question without any hesitation. You are good mentor. 🙂

    Aariff

    #60568

    Thomas P.
    Blocked
    • Topics: 0
    • Replies: 146

    Nice one!
    With a little luck, we’ll have an engulfing.

    #60569

    No Name
    Spectator
    • Topics: 0
    • Replies: 54

    Thanks Raj.

    I managed to make 3 successful trades today in 15 min.

    Great! Well done! Great way to enter the weekend 🙂

    #60570

    Thomas P.
    Blocked
    • Topics: 0
    • Replies: 146

    …my comment wasn’t meant for this discussion

    #60575

    Aariff Kadar
    Participant
    • Topics: 0
    • Replies: 53

    🙂

    Great! Well done! Great way to enter the weekend 🙂

    #60577

    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 496

    Well done my friend!! Happy for you!!

    Cheers.

    #60579

    No Name
    Spectator
    • Topics: 0
    • Replies: 54

    The afternoon’s EURUSD offered a couple of nice trades for the brave.
    I thought I would post this chart as it shows some interesting points concerning the importance and principles of checking multiple TF’s

    All three TF’s (30/15/5) showed a buy before the retail sales and gained a great follow-through after its release. Then the red circles show the divergence that followed on the various TFs:

    – The 30M remained positive whilst the 15M and 5M showed the end of the first move up. Ignoring the lower TF could have ended up giving back a lot of the move if there was no second leg up.

    – Then, interestingly, the 15M remained negative for nearly 2 hours (in conflict with 30M) whilst the 5M whipsawed back and forth wickedly. If one was only watching the 5M then most of the first leg profit would have been surrendered to these whipsaws.

    – then around 16:45 GMT (18.45 on chart) both 15M and 5M crossed back in line with the 30M amd yielded a quick 20 pip straight profit.

    I guess it is just a case of picking which combination of TFs suits one’s trading style and profit/stop-loss tolerances.

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    #60582

    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 496

    Very diligent work Keith hope you caught some! Maybe next week we break out, let’s see.

    I won’t be trading next week….going away, but I will join you guys the following week.

    Safe trading, Cheers.

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    #60584

    No Name
    Spectator
    • Topics: 0
    • Replies: 54

    Very diligent work Keith hope you caught some! Maybe next week we break out, let’s see.

    Thanks, yep its been a good day both morning and afternoon – but I didn’t trade through the retail sales…

    I won’t be trading next week….going away, but I will join you guys the following week.

    Gotta spend some of those pips some time -have a great week, Raj, and thanks!

    #60587

    Peter Harris
    Spectator
    • Topics: 0
    • Replies: 2

    Hi Raj, just want to let you all know I had several successful trades today on my first day of using the system. Will post the screen shots maybe Sunday night as I’m going away for the weekend. Hope you all have a good one.
    Rgds
    Pete

    #60589

    TJ ‘
    Participant
    • Topics: 0
    • Replies: 92

    I won’t be trading next week….going away, but I will join you guys the following week.

    Yeah, spend some pips, that must be good. Have fun mate, enjoy your week! We gonna miss you. 🙂

    #60600

    Sebastian Brandt
    Participant
    • Topics: 0
    • Replies: 281

    Hello guys,

    eur/usd is still in a range on my chart:
    https://www.mql5.com/en/charts/4482846/eurusd-d1-fxpro-financial-services

    Just bouncing between support and resistance, so I will stay out for now 🙂

    #60604

    TJ ‘
    Participant
    • Topics: 0
    • Replies: 92

    All three TF’s (30/15/5) showed a buy before the retail sales

    Nice pics Keith. It reveal the power of multiple TFs.

    #60609

    No Name
    Spectator
    • Topics: 0
    • Replies: 54

    All three TF’s (30/15/5) showed a buy before the retail sales

    It reveal the power of multiple TFs.

    Yes TJ, the power of multiple Tfs, but also the protection multiple Tfs provide.

    All MA-based systems rely on trend continuation to succeed and suffer terribly from whipsaws. It is clear that there is no MA system that relies purely on crossovers that is also profitable longterm. There are such sophisticated backtesting and optimising systems nowadays that if such a system existed it would have been found already. Therefore we need an “edge” to make these kinds of systems profitable.

    I believe that edge in this system is in this use of multiple TFs combined with sensible profit/stoploss management. It filters out (most of) the false crosses and profits exceed the remaining losses.

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