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  • #1,121
  • Jul 11, 2018 7:45am Jul 11, 2018 7:45am
Quoting pips29
ended well for both cad/yen and the loonie..must admit mm were quite ruthless but I stuck on to my guns. {image} {image}
Good job!!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,122
  • Jul 11, 2018 8:41am Jul 11, 2018 8:41am
Quoting heispark
{quote} Good job!!
thanks mate, on to the next one...any pair on your mind?
the cautious seldom err....C
  • #1,123
  • Jul 11, 2018 6:21pm Jul 11, 2018 6:21pm
Quoting pips29
{quote} thanks mate, on to the next one...any pair on your mind?
i dun know... perhaps gold? you guide me pls...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,124
  • Jul 11, 2018 6:23pm Jul 11, 2018 6:23pm
Quoting heispark
{image} Crude is losing momentum...... {image} At the moment, I have a GU short position....
OIL. Time to exit... Another Demo fun. Don't do it at home. It's dangerous....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 043.png Size: 105 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,125
  • Jul 12, 2018 1:55am Jul 12, 2018 1:55am
Quoting heispark
{quote} i dun know... perhaps gold? you guide me pls...
Take a look at the aussie..a QM pattern has emerged on the daily..you can go long now with a stop just below 73
the cautious seldom err....C
  • #1,126
  • Jul 12, 2018 2:05am Jul 12, 2018 2:05am
Quoting heispark
{quote} OIL. Time to exit... Another Demo fun. Don't do it at home. It's dangerous.... {image}
If timing is improved it would be a good trade..Direction was correct
the cautious seldom err....C
  • #1,127
  • Jul 12, 2018 2:12am Jul 12, 2018 2:12am
Quoting pips29
{quote} Take a look at the aussie..a QM pattern has emerged on the daily..you can go long now with a stop just below 73
Perhaps short term AU buying may work. It doesn't look very attractive to me. Also, nearly 80% of retailers have long position....
Let me wait and see how it plays out.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,128
  • Jul 12, 2018 2:15am Jul 12, 2018 2:15am
Quoting pips29
{quote} If timing is improved it would be a good trade..Direction was correct
yes, it's pivotfactory style without SL.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,129
  • Jul 12, 2018 2:20am Jul 12, 2018 2:20am
this is what I meant...pa on the weekly,, the previous weeks showed rejection of the swing low(sl) with no close below this level and the daily showed a QM pattern..I reckon risk is low and reward high
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDUSDDaily.png Size: 50 KB
the cautious seldom err....C
  • #1,130
  • Jul 12, 2018 2:25am Jul 12, 2018 2:25am
[quote=heispark;11254795]{quote} yes, it's pivotfactory style without SL.....
if you took the trades after the bearish candle at the top they would have been almost perfect
the cautious seldom err....C
  • #1,131
  • Jul 12, 2018 2:32am Jul 12, 2018 2:32am
Quoting heispark
{quote} Perhaps short term AU buying may work. It doesn't look very attractive to me. Also, nearly 80% of retailers have long position.... Let me wait and see how it plays out.
talking about ssi, if you look carefully at the statistics provided by fxcm, the number of winning trades outweigh losing ones at all times but the problem lie with the risk:reward ratio...they lost because of bad risk:reward although they won more often..when traders are winning more times than they lost then you find traders are almost always right in the direction taken but took profits quick and letting losers run till margin call. get a nice r:r and you will be profitable with a 50% win..no doubts about that.
the cautious seldom err....C
  • #1,132
  • Jul 12, 2018 3:33am Jul 12, 2018 3:33am
gone short
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the cautious seldom err....C
  • #1,133
  • Jul 12, 2018 3:41am Jul 12, 2018 3:41am
Quoting pips29
{quote} talking about ssi, if you look carefully at the statistics provided by fxcm, the number of winning trades outweigh losing ones at all times but the problem lie with the risk:reward ratio...they lost because of bad risk:reward although they won more often..when traders are winning more times than they lost then you find traders are almost always right in the direction taken but took profits quick and letting losers run till margin call. get a nice r:r and you will be profitable with a 50% win..no doubts about that.
Hum.... yes, I agree that blindly going against SSI also won't work. We need more filters. Recently, I am reading Neilsdigest's strategies (https://www.forexfactory.com/showthread.php?t=761579). It seems he applies SSI uniquely. Interesting anyway.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,134
  • Jul 12, 2018 3:56am Jul 12, 2018 3:56am
an old article https://t.co/EYUUiZlXM5
the cautious seldom err....C
  • #1,135
  • Jul 12, 2018 4:08am Jul 12, 2018 4:08am
Quoting heispark
{quote} Hum.... yes, I agree that blindly going against SSI also won't work. We need more filters. Recently, I am reading Neilsdigest's strategies (https://www.forexfactory.com/showthread.php?t=761579). It seems he applies SSI uniquely. Interesting anyway.
what's the position for eur/usd if you don't mind me asking
the cautious seldom err....C
  • #1,136
  • Jul 12, 2018 4:26am Jul 12, 2018 4:26am
Quoting pips29
{quote} what's the position for eur/usd if you don't mind me asking
Do you mean SSI of EU? According to myfxbook, 64% is long.... For me, I want to be flat for this pair. Momentum doesn't look strong......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,137
  • Jul 12, 2018 5:02am Jul 12, 2018 5:02am
Quoting heispark
{quote} Do you mean SSI of EU? According to myfxbook, 64% is long.... For me, I want to be flat for this pair. Momentum doesn't look strong......
yes, that's what I meant but thinking now I should have shorted euro against both the cad and aud..I just don't know why it didn't occur to me instead of shorting the usd against the cad and aussie. I would be harvesting profits now had I done that but in any case my trades will also bear fruits, just slightly longer time
the cautious seldom err....C
  • #1,138
  • Jul 12, 2018 5:11am Jul 12, 2018 5:11am
are those positions taken by registered members of myfx, if they are reliability will be the issue imo
the cautious seldom err....C
  • #1,139
  • Jul 12, 2018 5:16am Jul 12, 2018 5:16am
unless aud moves up I doubt I will be able to match last month
Attached Image
the cautious seldom err....C
  • #1,140
  • Jul 12, 2018 5:17am Jul 12, 2018 5:17am
Quoting pips29
are those positions taken by registered members of myfx, if they are reliability will be the issue imo
I adopted this from Neilsdigest. He believes this is the best. But myfxbook supports only several platforms (for example, I use JForex and it's not supported). Let me see if it's really good.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
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