Simple Crossover For Newbies - page 4

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swagman1:
Hey Bear

On the Hour T/F I had a short GBPJPY at 1.00AM GMT around 207.94 currently up about 300 pips.(paper trade only though).Yet you have no mention of this one, your update says choppy waiting for trend, How do you define a trend? At the time of my post it did not look good. Many things happen between the time I post & the next. If you got that great move than fantastic! I missed it because I was in another trade. When I post I look at what I see currently. Although there was cross & a proper signal, because of the uptrend I was unsure.

Does that move yesterday define a trend? It defines a 1 hours trend. It has been moving down for several hours.

Also is there any other gates you use to enter trades like trade only certain times of the day as we all know nobody can stay awake all day/night. the best times are from London open to London close. depending on if its counter trend or not I sometimes wait to see if it breaks S&R.

Cheers Swagman

Hey swagman1,

Answers are in your post in green.

Great Trade. Was that using this system?

Bear-

 
soul:
any short Yen pair?

Thx bear... I did a lot visual backtest for U/J today..

Yet today i found the indicators repaint or Support and Resistance (i knew MA is repaint)

it doesn't matter S&R is repainter indicator (so do ZZ is repaint)...yet I am hard to backtest ... Are there any show repainted S&R indicator?

Hope any big guys could help.....

Hey soul,

Im not sure what you know as a repaint but none of the indis repaint. MAs move. Thats what they do. S&R does not repaint. It may take some time to appear but they do not move once established. If they do I have never EVER seenn them do so.

Bear-

 
soul:
wanna learn from your skills about reading MA and S&R ...

Since MA and S&R repaint...which criteria will you take in order to take action?

Confirm one hour?

breakout S&R xx pip to confirm?

Hey soul,

Again. I have never seen the S&R repaint. My critera is the same as in post 1. Only sometimes if its counter trend do I wait to see if breaks S&R. Sometimes I wait for the candle to close & sometimes I dont. i know thats not a clear answer but its the truth.

Bear-

 

Hi Bear

Thanks for your reply. Yes it is your system, thanx for sharing.

Glad to see it was a valid setup, shame I didnt have real money on it as its still moving( hope others have made $$$).I asked about other gates as I have done a backtest in AB which is not profitable, but if the entries are correct I just need to continue working on the exits.

Cheers for all your help

Swagman

 

Update For 6/2/08

Hey All,

GBP/USD-Still moving down despite the small rally during US open. looking very strong. May change during Londonopen.

USD/CAD-Moved nice during US open. Still in a uptrend. Currently sideways with some chops. Looking to continue uptrend unless US news is real badthe rest of the week.

EUR/CHF-Still in a downtrendfrom Friday. Trend still looks good. It is now in the+200pip range.

GBP/JPY- If you where smart like swagman1 , you watched the pair until it dropped. It is moving downnice & in the +300pip range from where i would have taken the trade. londonopen will make it better or worse. i advise adjsting stops & tp's.

USD/CHF-still short from Friday. after a small rallyduring early US trading it has now continued its down move. Secure more pips!

EUR/USD-Up & down all day. Currenty crossing up. Waiting for close of 8:00am GMTcandlebefore entering. Not my favorite pair so I may not enter.

USD/JPY-Die out it did. Has been falling hardsince 8:00am GMT & moving nice. 1 hr down trendlooking nice. secure some pips& hang on.

AUD/USD-Choppy, choppy, choppy. waste of a trade yesterday. Should have done like swagman1 & took GBP/JPY. Nothing worth trading yet.

EUR/GBP-Moved up niceafter london open. Still moving with a nice looking trend.

EUR/JPY- The wait is over for those who where around during London open. Fell almost +200. London open may change things. Secure some pips.

GBP/CHF-Moved down nice on Fridays signal. London open did change it. For the better!!Still falling. As always secure some pips incase London open changes it back. This was a nice trade. 2bad I missed it. Damn near +500 pip range!!!Not bad for 2 trading days.

EUR/AUD- Its been up & downsince US trading. Still up & down. See what happens during London open.

My current open positions= None.

See you 2marrow.

Bear-

 

Hey Bear

Can you clarify the MACD gate for me please, is it, for a short trade

(a) Histogram below 0.00 or

(b) MACD line below 0.00

I interpret as histogram below 0.00 (therefore MACD < Signal either above or below zero line.

Am I correct?

Cheers

 
swagman1:
Hey Bear

Can you clarify the MACD gate for me please, is it, for a short trade

(a) Histogram below 0.00 or

(b) MACD line below 0.00

I interpret as histogram below 0.00 (therefore MACD < Signal either above or below zero line.

Am I correct?

Cheers

Hey swagman1,

you are correct.

Bear-

 

Hi Bigbear,

Appreciate much your analysis of an array of currency pairs here.

One question, would your analysis turn into paid service some time in future?:p

 
aurorau:
Hi Bigbear,

Appreciate much your analysis of an array of currency pairs here.

One question, would your analysis turn into paid service some time in future?:p

Hey aurorau,

I make my money trading. I had a paid service in the past & it was a headache. So I stopped. THIS WILL STAY FREE FOREVER. If I ever have a paid service I will say so from the start. Not like a certain popular forum member who screwed everyone.

I followed OZ for a little while but found that he was (trying to be civil) full of it. I lost on almost every trade. Risking 100 Pips for a shot @ 50 is backwards. My partner Forex11 liked OZ very much, but I warned him before that he was setting up for a paid service & one day he would screw everyone.

I have seen it all before. I dont even think OZ trades live. Anyway.. I do this for free. It is free now & will always be free. If one day I decide its 2 much for me or if I miss a few days I wont have people up my *** wanting refunds & the like.

I enjoy helping people make pips. It has been the greatest thing that has happened to me (Forex).

Take Care & Good Luck.

Bear-

 
bigbear3391:
Hey aurorau,

I make my money trading. I had a paid service in the past & it was a headache. So I stopped. THIS WILL STAY FREE FOREVER. If I ever have a paid service I will say so from the start. Not like a certain popular forum member who screwed everyone.

I followed OZ for a little while but found that he was (trying to be civil) full of it. I lost on almost every trade. Risking 100 Pips for a shot @ 50 is backwards. My partner Forex11 liked OZ very much, but I warned him before that he was setting up for a paid service & one day he would screw everyone.

I have seen it all before. I dont even think OZ trades live. Anyway.. I do this for free. It is free now & will always be free. If one day I decide its 2 much for me or if I miss a few days I wont have people up my *** wanting refunds & the like.

I enjoy helping people make pips. It has been the greatest thing that has happened to me (Forex).

Take Care & Good Luck.

Bear-

Groovy!!!! Bigbear. Your anwser was exactly what I wanted to ask.

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