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alcastro replied Nov 17, 2007You are right. i missed that post. But anyway, it was a different entry system from the fractal. On another topic, and i know it might come across as rude but......can we stop the Big Brother, Litlle Brother thing? It eerily reminds me of the Tiger ...
The System (Irony included)
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alcastro replied Nov 16, 2007Trader_V I am confused with the US/JP chart that you posted.I can see the logic behind the way in which you are managing your trade but I cannot see why did you enter that trade in the first place. According to your method, you will only enter a ...
The System (Irony included)
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alcastro replied Nov 16, 2007Five Shorts, You are correct, but if you play it that way you are leaving pips in the table. When i play a PB I don't wait for the third candle confirmation. What i do is that i enter as soon as price goes 10 - 20 pips above/below the pinbar, and ...
Daily PIN Bars
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alcastro replied Nov 15, 2007Well, I just arrived from my fuuuuull time job, watched the charts and ....nooothing!!! No setups. so I will sit on my hands, hug my son, watch some tv reruns, and will be back tomorrow. Take care everybody.
The System (Irony included)
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alcastro replied Nov 14, 2007Hmmmm....my feed is NorthFinance. But anywhoooo, as my chart clearly illustrates I didn't follow FeB's entry. i should have waited until the next candle, and only jump in if it breaks the current candle's high. I guess i still have some vices that i ...
The System (Irony included)
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alcastro replied Nov 14, 2007Leigh, here is the chart with the gap.The previous bar closed at 1.4602 and the next one opened at 1.4645.
The System (Irony included)
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alcastro replied Nov 14, 2007Here is a summary of where i am right now with the pairs i am trading: US/JP: I went long yesterday after a bullish engulfing bar was formed when price bounced from an old support line two days ago. I entered as soon as price went over this bar. I ...
The System (Irony included)
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alcastro replied Nov 14, 2007What happened to the E/U tonight? It has a huge gap!!! I am in it long since last night, taking a bounce from a support that was formed during the past two days, that last week used to be a resistance line. So I am not complaining, but.....what ...
The System (Irony included)
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alcastro replied Nov 12, 2007Thanks Leigh. By the way, regarding your short time frame stuff....I am not an advocate of scalping. I am too much of a chicken to do that. But I have seen a super- trader in this forum scalp the market brilliantly. Go and read Steviets thread. He ...
The System (Irony included)
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alcastro replied Nov 12, 2007I do not want to boast, but I posted this on Friday night: "David, I am NOT Feb, nor Trader_V, nor five Shorts, but hey...I am going to let you knowmy opinion anyway: If you go long you will playing a typical Feb trade (am i right Feb?), in which ...
The System (Irony included)
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alcastro replied Nov 11, 2007Ouch!!!! That whipping hurted!!!! Specially since my back was naked!!! You are right Leigh. I was suggesting some trades against the trend. shame on me!!! Actually what we should do with the Aussie is wait for a re-establishment of the long trend, ...
The System (Irony included)
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alcastro replied Nov 11, 2007Leigh, so shall we get rid of all the stuff that covers us? Hmmm..... sounds like a plan. I am all for it. After all the time that i have spent looking at different systems, testing some, papertrading them, or putting my money behind`them. Losing in ...
The System (Irony included)
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alcastro replied Nov 11, 2007David, I am NOT Feb, nor Trader_V, nor five Shorts, but hey...I am going to let you knowmy opinion anyway: If you go long you will playing a typical Feb trade (am i right Feb?), in which there is a correction in the uptrend that AU/US is in and now ...
The System (Irony included)
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alcastro replied Nov 11, 2007Hey LEIGH, thank you for your summary. It is always helpful to make this exercise. I do the same thing and write it down so I have it by my side when i am analyzing a trade. I agree with MP777 regarding s/r lines: I draw them based on areas where ...
The System (Irony included)
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alcastro replied Nov 11, 2007You are right. A SellStop. Sorry for the confusion!
The System (Irony included)
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alcastro replied Nov 10, 2007Here a pair of charts. One is the AU/US and it was atrade I made last week focusing on Feb's method: The orange broken line shows where i entered the trade. I had a Stop Buy order just at the low of the previous candle (the one just after the ...
The System (Irony included)
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alcastro replied Nov 8, 2007Feb, TraderV and Fiveshorts, this is a great thread and you guys are the ones who are feeding the fire here. FiveShorts is acting like a smart moderator interviewing two seaoned traders asking the questions that we all have. I have to confess, ...
The System (Irony included)
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alcastro replied Nov 5, 2007Hey FEB, thanks for all this info. The more I learn about Forex, the more I trade, the more I believe that pure PA is the way to go. It makes a lot of sense. At least to me, a self-made skeptic. So your thread is fesh air among the smog of ...
The System (Irony included)
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alcastro replied Nov 5, 2007Hey Silkosier, are you still looking at Laguerre? Or are you just sticking to the 5-8 crosses? Do you have an additional filter?
Simple 5 / 8 moving average crossover
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alcastro replied Nov 4, 2007These are the systems that perdure in time. Common sense, simplicity, and knowing what is happening with the pair. Could you post a 4hr chart to see the way inwhich you see your pullbacks? Thanks Feb.
The System (Irony included)