Thread: I know it cant be this easy... No name yet

Look, this trader is obviously bullish on the US Dollar pairs.

You could even write an EA script according to this indior.

AH-HA ! There goes another one of those moments....

I took a second look in the my buys and notice the HMA indior changed on AUDUSD. It was green in the new pub, but today is reddish indiing a downward trend. I -$50. I will need to keep a watch out it may mean that we need to wait just a little bit past the new daily bar before creating the trade.

The rest of the trades are moving along nicely.

Originally Posted by ;

Appearance, this trader is obviously bullish on the US Dollar pairs.

You could even write an EA script based on this indior alone.

AH-HA ! There goes another one of those moments....

I just had an AH-HA moment. Why am I looking at these charts when I could do other thing, oh ya $$$. So far as the the beautiful young woman, well she's are new poster girl.

Thank you toshi

My trades did well overnight, see chart for update. Hope these number hold by end of day. I just realized that perhaps I need to have some stop loss on each trade, though it would need to be something like large number - particularly for these trades where I'm entering in after the start of the trend.

6 Structure(s) Can't compain about today amounts, though there wasn't much motion from this morning. I have attached a chart of each of the open pairs, thankfully all in amounts. All pairs are still showing great downward tendencies so we'll keep them open till at least tomorrow morning considering tomorrows Non-Farm Report (even though this being a day method and pairs we have open it may not matter).

Moving forward I'm just going to record my own buys so we are able to keep a running total, not sure when seeing the chart is actually vital. I would go through all the pairs which you broker provides because I saw a number of good signs that I chose to not take - do not need to over buy now.

Mitch

Hi Mitch,

I'm somewhat conservative and plan to test your system in the following manner.

I shall wait till the goldmine and rsi change color and not trade before that bar has finished. I will then place a buy stop in the high of the bar plus 1 pip plus spread. My stop loss will be 10-20 pips under the recent swing low. The reverse for shorts except the spread doesn't need to be accounted for.

2 percent of account MM and whether the stop is too far....NO TRADE. No more than 10% of the account at risk at any one time. After I'm in profit by about .5 ATR I shall aggressively move my stop to preserve profit and also to allow more trades if I was in the 10% limitation.

Jim

I forgot....no jumping in in the middle of a fashion. If I miss the first day that the goldmine and rsi both reveal a trade....NO TRADE!!

Jim,

I enjoy your conservative approach for this method, and I glad your going to give it a go. I am still trying to make sure I am getting the signals right, then I will operate on MM. Please keep posting, I am sure I'm going to learn a lot from your own approach. I concur with taking first signal trades, though I am doing well.

Simply to get you fully current, I am up $429 on closed trades this week, and $470 upward on open commerce (all sells with downward tendency signals currently).

By the way can I ask which broker you are using.

Mitch

I am noticing agian the HMA repainting. On CHFJPY at 4:00 it gave a reddish line signal, then about 4:40 it turned out green and now at 5:03 it is back into red. As I've mention before this can be my guy informs me that we might need to give it an hour. In my excited state that I was trading against the trend I shut that commerce -$16.00. Oh well, that is what this is about, learning!

There were setups on USD/CAD however, the halt was 680 pips off. Too rich for my blood.

Eur?Chf signaled short but is at a short term up trend. I will wait till it turns north.

USD/CHF reveals possibly a double top but I am not keen to short a strong $ yet. The $ remains perceived safe haven therefore any shorts ought to be rapid in and out.

AUD/JPY has been ranging but might be worth a fast short. Personally, I will wait till it breaks out of it's range. Stop would be 478 pips off which for me is too much for a quick short.

I believe this system will begin revealing some decent setups next week. We are in the middle of a cycle on pairs now. The HMA is short enough so it will recycle.

Sooooo....no trades for me tonight with this system.

I exchange with MB Trading. I keep a seperate, small account to live test ideas. I can trade as little as 10 cent pips with them.

Could you show your wins/losses in pips. It is meaningful to me.