2009.07.02 BACK TO BASICS - K.I.S.S.

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monolisa
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Postby monolisa » Sat Jul 04, 2009 2:48 am

Quite right. Be able to read price action would definitely give you more rewarding trades.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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marypipins
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Postby marypipins » Sun Jul 05, 2009 2:16 pm

Hi Tro...
I'm sure you know of the Open Range therory, whereby when a market first opens it can set the perimeters in the first hour or so for the rest of the day. I have followed this in other forums and its very simple and seems to be very successful. Have you coded anything that would mask off that time frame with the highs and lows and then help with the breakout? As always let me also just say thanks for all your help and your generosity. Lisa

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TheRumpledOne
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Postby TheRumpledOne » Sun Jul 05, 2009 5:33 pm

Use the i-Sessions code or my modified version. Just change the time.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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lukx
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Postby lukx » Mon Jul 06, 2009 4:37 am

comon how you guys can make this hz system work?
here's when I entered, candel was going down I enterd short and I lost 60 pips !!! Image

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pablo101
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Postby pablo101 » Mon Jul 06, 2009 4:57 am

Thats daft losing 60 pips, get of the train if it is losing momentum
What line? The line that tells you which way you are trading! - MO

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frang0nve
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Postby frang0nve » Mon Jul 06, 2009 4:59 am

Hello,

In my limited experience with this system i'll give you my opinion.
Provided that you entered in the first cross of the 133.25 level, I'd say that you could close the trade with a maximum profit of 5 to 8 pips in the lower wick of the candle.
If you didn't, you certainly should close when price went against you to avoid a winner become a loser.
This is scalping.

Cheers

Francisco

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monolisa
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Postby monolisa » Mon Jul 06, 2009 5:05 am

Hi lukx,

The candle with the semafor 3 showed reversal with strength (long lower wick and a, despite a bit small, green body). The next bear candle didn't show much strength either. Long would be a high probability trade.

Also what's your SL?

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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TheRumpledOne
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Postby TheRumpledOne » Mon Jul 06, 2009 5:58 am

And what are those squigglys doing on your chart!??!!?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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lukx
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Postby lukx » Mon Jul 06, 2009 6:17 am

monalisa, I took it because usually sema 3 is always pushed down and down. Anyway I know I'm the one doing something wrong :). It's just hard to figure out what it is when you lost over 3000$ in a year of bad forex trading.

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pablo101
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Postby pablo101 » Mon Jul 06, 2009 6:27 am

This is awesome, first three hours today and I'm up 51 pips.

Thanks TRO for everything if I haven't said it already, I gonna post this in baby

BTW, I will pay it forward when I get things organized!
What line? The line that tells you which way you are trading! - MO

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