allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 06:30 PM |
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Posted By maungv on 14 Jul 2009 08:51 AM
after the news release.... now it's sell... allan or enybody else, plz evaluate ... need learn a lot
For this, i saw the last candlestick is a rather long bearish stick. But the start of this candlestick, i believe did not touch MACD 0 line yet. Signal should be at the start of the candlestick touching MACD 0 line. |
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maungv
Senior Member
Posts:1475
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| 14 Jul 2009 09:39 PM |
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thanks allan, yup 10-15 pips is a better choice  |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 10:22 PM |
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Once the pair hits a profit of maybe 10pips, if you want to let the trade run, just set stoploss to +1pip in case market move back and you won't end up negative. If you are contented to have 10pips per trade, it is fine too depending on your pips goal (if you have any) per month. |
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farizu
Forum Moderator
Senior Member
Posts:3194
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| 15 Jul 2009 05:09 AM |
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Posted By allangenex on 14 Jul 2009 06:03 AM
Thought it would be good to keep track on the profitability of this system
Score board for this system (1hr):
Total wins: 3
Total loss: 0
Trade done by: Allangenex
Score board for this system (15mins):
Total wins: 1
Total loss: 0
Trade done by: Allangenex
This idea about keeping a score board is very good... |
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allangenex
Senior Member
Posts:4202
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| 15 Jul 2009 05:31 AM |
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Yup. Thanks!  So far, there isn't any trade signal today. EU and GU refuses to touch the MACD. Ha. |
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maungv
Senior Member
Posts:1475
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| 15 Jul 2009 08:35 AM |
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looking forward for tommorow |
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allangenex
Senior Member
Posts:4202
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| 15 Jul 2009 10:33 AM |
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Probably... if EU refuses to go down and do some ranging up and little down, it is tough to get a signal. We'll see how it works out tonight. |
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maungv
Senior Member
Posts:1475
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| 15 Jul 2009 10:44 AM |
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hi allan, glad to know someone online too yup EU and GU go north!! hope GU will go south atleast a bit, coz the price hit the 38,2 fibo barrier.. heheh... |
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allangenex
Senior Member
Posts:4202
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| 15 Jul 2009 11:17 AM |
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Yeah but i am going offline soon. Have enough for today's charts. It is not worth monitoring anymore. Gotta get some sleep and be fresh for the next day work. |
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allangenex
Senior Member
Posts:4202
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| 15 Jul 2009 07:52 PM |
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 This is one good scenario why one should not place a trade using this system. From the chart, you can see that the prices were resting on and under the MAs. Thought MACD touches once or twice but it is not a valid signal and may result in either 0pip or -4 pips. This is the disadvantage of using a 15min TF instead of a one hour one. |
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farizu
Forum Moderator
Senior Member
Posts:3194
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| 16 Jul 2009 09:32 AM |
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Posted By allangenex on 15 Jul 2009 07:52 PM
This is one good scenario why one should not place a trade using this system. From the chart, you can see that the prices were resting on and under the MAs. Thought MACD touches once or twice but it is not a valid signal and may result in either 0pip or -4 pips. This is the disadvantage of using a 15min TF instead of a one hour one.
It always makes sense to consider the sloping angle of the ma's before placing a trade. If it is flatlining then the message is stay out and let the market pick a direction first... |
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michaelfx
Senior Member
Posts:2528
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| 16 Jul 2009 09:48 AM |
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What kind of ma are you referring to farizu |
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TRADE WITHOUT LIMITS
https://www.exness.com/a/13141
http://www.acextra.com |
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michaelfx
Senior Member
Posts:2528
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| 16 Jul 2009 09:49 AM |
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What kind of ma are you referring to farizu |
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TRADE WITHOUT LIMITS
https://www.exness.com/a/13141
http://www.acextra.com |
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allangenex
Senior Member
Posts:4202
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| 16 Jul 2009 09:56 PM |
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That's right, Farizu. Avoid trading when all MAs line are flat.
Michael, Farizu was refering to the MAs that is in this system i supposed. |
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allangenex
Senior Member
Posts:4202
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allangenex
Senior Member
Posts:4202
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| 16 Jul 2009 10:10 PM |
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 However, at 1 hour chart, there is a possibility to see a sell signal soon.. i hope.. ha.. |
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allangenex
Senior Member
Posts:4202
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| 16 Jul 2009 10:14 PM |
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 System applies on GBP/USD. Just in case, some of you thought that this can only be used for EU. |
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allangenex
Senior Member
Posts:4202
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| 17 Jul 2009 01:51 AM |
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 Sell signal at 15min TF. Enter one lot at 1.4124. TP at 1.4138. Stop loss at 1.4110. |
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alice
Senior Member
Posts:1287
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| 17 Jul 2009 03:21 AM |
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which one is better, use it at hourly rime frame or 15 TF, at 15TF market movement quite faster to change |
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maungv
Senior Member
Posts:1475
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| 17 Jul 2009 03:23 AM |
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I took that sell on GU huray !! how about euro at ! hout TF now... ? can we sell it? |
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