Signal Bender
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- rank: 150+ posts
- Posts: 364
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- rank: 150+ posts
- Posts: 364
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AUDUSD
Short 1.01967
SL 15 pips
TP 30 pips
RR 1:2
3 mini lots
Opened 15 mins ago, currently running at +3 pips
Update (2307 SGT) : at +15 pips
Update (2313 SGT) : halved SL, at +18 pips
Update (2328 SGT) : break even SL, at +23 pips, now free trade! moved TP to 40, will continue watching.
Update (2345 SGT) : exited with profit at +35 pips, realised I need to sleep! on the technical side, price is approaching Day Midpoint, which is a potential minor S/R, so might as well exit early. Leaving the trade overnight/over the weekend isn't my sort of thing; I am just not comfortable if I am not watching my trades. Besides, fridays are known to be slow after Europe markets close.
Decision to short reasons :
Trading off Monthly + Weekly + Daily Old Rat high reversal
Price outside x2 dev of M60 576 LWMA : reversal potential
Price slowing down the past 1 hour
Short 1.01967
SL 15 pips
TP 30 pips
RR 1:2
3 mini lots
Opened 15 mins ago, currently running at +3 pips
Update (2307 SGT) : at +15 pips
Update (2313 SGT) : halved SL, at +18 pips
Update (2328 SGT) : break even SL, at +23 pips, now free trade! moved TP to 40, will continue watching.
Update (2345 SGT) : exited with profit at +35 pips, realised I need to sleep! on the technical side, price is approaching Day Midpoint, which is a potential minor S/R, so might as well exit early. Leaving the trade overnight/over the weekend isn't my sort of thing; I am just not comfortable if I am not watching my trades. Besides, fridays are known to be slow after Europe markets close.
Decision to short reasons :
Trading off Monthly + Weekly + Daily Old Rat high reversal
Price outside x2 dev of M60 576 LWMA : reversal potential
Price slowing down the past 1 hour
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Last edited by Relativity on Fri Feb 04, 2011 3:51 pm, edited 7 times in total.
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CCsbrtor
CC = Continuous Candle
This is the major breakthrough. SB was very good; I had plently of success using it at M5/15/30 timeframes, but I couldn't figure why it doesn't work so well for larger timeframes. Until I reread this thread + a whole lot of threads Wavetop/Signalbender/(whoever he is) posted everywhere on the net. (I will be working on MT4 versions of whatever he shared + along with my own discoveries/work like the Continuous Candle.) Its a bit like custom candles, just that my CC is updated in real time, using M15 as the base. .e.g a D1 Continuous Candle = 96 M15 candles. This candle's data is then passed onto the next 3 'indicators'
SB = SignalBender standard calculations
RT = Real Time, SB modified calculations, uses close instead of high/low
OR = Old Rat
CC = Continuous Candle
This is the major breakthrough. SB was very good; I had plently of success using it at M5/15/30 timeframes, but I couldn't figure why it doesn't work so well for larger timeframes. Until I reread this thread + a whole lot of threads Wavetop/Signalbender/(whoever he is) posted everywhere on the net. (I will be working on MT4 versions of whatever he shared + along with my own discoveries/work like the Continuous Candle.) Its a bit like custom candles, just that my CC is updated in real time, using M15 as the base. .e.g a D1 Continuous Candle = 96 M15 candles. This candle's data is then passed onto the next 3 'indicators'
SB = SignalBender standard calculations
RT = Real Time, SB modified calculations, uses close instead of high/low
OR = Old Rat
Last edited by Relativity on Fri Feb 04, 2011 3:32 pm, edited 1 time in total.
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- rank: 150+ posts
- Posts: 364
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scratty wrote:Initialy the reason for my short AUDUSD is the long term FatCat on daily chart... Have you recognised it?
This trade could serve us very well if we are able to hold on to it
I am not sure about your decision. We only have 7 hours of trading left for the week. I already planned to get out on 30 pips TP because of this.
Update : moved TP to 40, will continue watching trade
rel: Nice trade.
Relativity wrote:AUDUSD
Short 1.01967
SL 15 pips
TP 30 pips
RR 1:2
3 mini lots
Opened 15 mins ago, currently running at +3 pips
Update (2307 SGT) : at +15 pips
Update (2313 SGT) : halved SL, at +18 pips
Update (2328 SGT) : break even SL, at +23 pips, now free trade! moved TP to 40, will continue watching.
Decision to short reasons :
Trading off Monthly + Weekly + Daily Old Rat high reversal
Price outside x2 dev of M60 576 LWMA : reversal potential
Price slowing down the past 1 hour
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