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M5-Two-Way-Confirmation-Strategy

  • #241
  • Jun 25, 2011 3:30am Jun 25, 2011 3:30am
Quoting Forexcube
See #233, #234;

If one would trade with his real account in this kind of way I would think he couldn't be financially successful and if he put out all the hedging orders then the trader's job could be solely to control the risk of ruin. No doubt! Might be that things aren't as bad as all that. To upgrade the solution area you make step by step without terminating the account....

Dear ForexCube

First of all thanks for the answer to post 219.

Let me try to give you my interpretation on what you explained above. One of your sell orders is @1.41xx for 10 Lots and you are deeply in the red...So now you wait for a buy opportunity, enter with 1 lot....and then merge it with the 10 lot sell if it goes into profit......That seems not quite right to me and I have it wrong I think. I think that closing all positions would be the way to go and "restarting" within the current account seems the most reasonable approach. As you are in profit overall it makes it simpler.....and yes, I know you like this kind of challenge I prefer less open positions, but it is like playing chess. I always tried to reduce the amount of pieces in play and then use the remaining in the best way I could. It is more a matter of preference.
Have a nice week-end and now I will go for a swim in the Urnersee. Nice, cold and refreshing!
Larry
  • #242
  • Jun 25, 2011 1:11pm Jun 25, 2011 1:11pm
Forexcube I do want to say nice system buddy. As I am using another method you have brought some lite to me. I took off all indicators and have been using only MA's for entry and targets with pivots and S/R. I have included the ADX. What a wonderful new toy. I put it to the test with my way and it would have definitely kept me out of some trades that looked good from my perspective. It tells me false breakouts and that is key. Its so key to any system and this is a great indicator. I have used macd and all the others. Never ADX. And to be honest I was a little confused with the indicator. Thanks for showing it to us and explaining it.
  • #243
  • Edited 2:29am Jun 26, 2011 2:28am | Edited 2:29am
Quoting Forexcube
Hi mgokhank

I think I have delete the pin. If not I have sent you a mail with the pin.

Kindest regards
FXcube
Thank you Fxcube. I have used the pin you sent me and It works. But MAE and MFE part doesn't work. This feature of Mt4i can help us define our StopLoss and TakeProfit levels ( sometimes hedge levels).

I am following you on twitter. Are your tweets simultaneous with your orders?
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  • #244
  • Edited 5:38pm Jun 26, 2011 5:23pm | Edited 5:38pm
Quoting mgokhank
Thank you Fxcube. I have used the pin you sent me and It works. But MAE and MFE part doesn't work. This feature of Mt4i can help us define our StopLoss and TakeProfit levels ( sometimes hedge levels).

I am following you on twitter. Are your tweets simultaneous with your orders?
To monitor MAE & MFE I have to put the EA on it but it don't work. May be someone has an idea how correct it (10'000.-$ Demo).
See p.1, #1, Demo Account.

"Twitter" is connect with the "myfxbook" Account (25'000.-$ Demo). Data are send from "myfxbook.com" to Twitter (see also p.1, #1, Demo Account.)

FXcube
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  • #245
  • Edited 6:23pm Jun 26, 2011 5:36pm | Edited 6:23pm
Quoting tgdrela1
Dear ForexCube

First of all thanks for the answer to post 219.

Let me try to give you my interpretation on what you explained above. One of your sell orders is @1.41xx for 10 Lots and you are deeply in the red...So now you wait for a buy opportunity, enter with 1 lot....and then merge it with the 10 lot sell if it goes into profit......That seems not quite right to me and I have it wrong I think. I think that closing all positions would be the way to go and "restarting" within the current account seems the most reasonable approach. As you are...

Hi Larry

Hope your Urnersee event was great (Rütli, Sisikon, Tellskapelle, Bauen, Isleten, Flüelen, Altdorf excellent nature there).
If the 5 or 10 lots sizes are running in a profit I will change these into 5 x 1 or 10 x 1 or into several 0.5 and 1.0 ones and will try to minimize the lot sizes carefully. Examples will be given when the chance will come.

Have an upmarket week!

Best regards
FXcube
  • #246
  • Edited 6:42am Jun 27, 2011 6:23am | Edited 6:42am
LCrudeAug11, H4, 2011 June 27
LCrudeAUG11, Weekly, 2011 June 27

H4 Divergence with three indifferent candles.

Long @ 90.60

Set Stop Loss under Weekly EMA200 or hedge these positions.
Attached Image(s) (click to enlarge)
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  • #247
  • Jun 27, 2011 6:39am Jun 27, 2011 6:39am
Silver, H4, 2011 June 27

H4 Divergence and a Hammer.

Long @ 34.05
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  • #248
  • Edited 1:02pm Jun 27, 2011 12:32pm | Edited 1:02pm
Quoting Forexcube
Money-, Order- & Risk-Management

Demo Account, Deposits: 25'000.-$

There's more than one way to skin a cat.

I like to face problems at odd times. The figure below is one. Can tell me someone where could be the problems in the frame below and may be carve out which steps could solve it so that the advantages far outweight the disadvantages?

There isn't just one way of doing it.

I wish you success & happiness!

Kindest regards
FXcube
See #233, #236.

Carve out which steps could solve it so that the advantages far outweight the disadvantages.

Step 2
Reduce to smaller lot pieces.

The 3 x 10 Lot Sell Orders (see #233) are partitioned (hackled) into many 2 Lot and 1 Lot orders.

If the market price will go down you have more the control over your order management, e.g. how many lot sizes you will sell.
Attached Image (click to enlarge)
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  • #249
  • Edited 1:04pm Jun 27, 2011 12:40pm | Edited 1:04pm
See #233, #236, #248.

Carve out which steps could solve it so that the advantages far outweight the disadvantages.

Step 2
Reduce to smaller lot pieces.

Great exercice for working at your soft skills, e.g. to do something with delibaration, well-consdidered, you should be particulary concerned and keep calm!

And you have so much time. If you see the balance around 101K and the Equity ~35K it's not necessary to make more wins with new market orders, you could concentrate solely at all the open orders, may be another way to make profit if doing a professional order management. You have time to manage it, may be one, two, three or more months! Why not?
Attached Image(s) (click to enlarge)
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  • #250
  • Jun 28, 2011 3:26pm Jun 28, 2011 3:26pm
Quoting Forexcube
LCrudeAug11, H4, 2011 June 27
LCrudeAUG11, Weekly, 2011 June 27

H4 Divergence with three indifferent candles.

Long @ 90.60

Set Stop Loss under Weekly EMA200 or hedge these positions.
Exit @ 92.78

Profit: + 218 pips
Attached Image (click to enlarge)
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  • #251
  • Jun 29, 2011 10:59am Jun 29, 2011 10:59am
NZDUSD, H4, 2011 June 29

Short @ 0.8223

Target @ 0.8050 (DS1)
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  • #252
  • Jun 29, 2011 11:01am Jun 29, 2011 11:01am
Quoting Forexcube
AUDCHF, Daily, 2011 June 23
AUDCHF, H4, 2011 June 23

Long @ 0.8829

and one Long again at 0.8650 if price would go down there.
See #230

Exit @ 0.8907

Profit: + 78 pips
Attached Image (click to enlarge)
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  • #253
  • Edited 11:30am Jun 29, 2011 11:06am | Edited 11:30am
Quoting Forexcube
LCrudeAug11, M30, 2011 June 23

Long @ 90.65 (DS3)

H4: MACD Divergence and Stochastic Down

Daily: is signalizing a bottom level also .
See #216

Exit @ 95.42 (H4)

Profit: + 477 pips

See also #221, Exit at (M5) 91.92 could cut your profit too soon.

What about Multiple Time Frame Analysis?
You have to oversee your trades more dynamically at Multiple Time Frames. Manage various Enter and Exit Orders at lower (M5,M15;M30) & at higher (H1, H4, Daily) timeframes.
Attached Image (click to enlarge)
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  • #254
  • Jun 29, 2011 11:24am Jun 29, 2011 11:24am
GBPAUD, H4, 2011 June 29

Long @ 1.5051

Target @ 1.5257 (DR1)
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  • #255
  • Edited 7:09pm Jun 29, 2011 12:31pm | Edited 7:09pm
EURUSD, H4, 2011 June 29

H4 Divergence.

Short @ 1.44200

Daily could go further north. BB upper Line 1.4760. Short again: 1.4492 (DR2)/1.4588 (DR3)

...and will trade at M1/M5 here and there.
Attached Image (click to enlarge)
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  • #256
  • Edited 5:18pm Jun 29, 2011 4:50pm | Edited 5:18pm
CADJPY, H4, 2011 June 29
CADJPY, Daily, 2011 June 29

H4: Stochastic Cross, MACD High, -DI Bottom, CCI-Divergence and Inside Bar.

Short @ 83.24 (DR2 83.27)

Target @ 81.97 (DS1) / 81.68 (mS2)

Daily: If daily EMA200 will be broken at 83.69 and 83.87 (DR3) definitely further upside movements could be possible.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CADJPY, Daily, 2011 June 29.jpg Size: 247 KB
  • #257
  • Jun 29, 2011 6:00pm Jun 29, 2011 6:00pm
EURHUF, H4, 2011 June 29
EURHUF, Daily. 2011 June 29

Long @ 264.97

Long once more again at 263.49 (DS1)
Attached Image(s) (click to enlarge)
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  • #258
  • Jun 29, 2011 6:33pm Jun 29, 2011 6:33pm
USDDKK, H4, 2011 June 30
USDDKK, Daily, 2011 June 30

H4: Long @ 5.1548

Target @ 5.275

Daily: Long once more at 5.136 (DS2, Daily Triangle)

Weekly/Monthly: Could go down till 4.90
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDDKK, Daily, 2011 June 30.jpg Size: 300 KB
  • #259
  • Jun 30, 2011 1:13am Jun 30, 2011 1:13am
EURGBP, Daily, 2011 June 30

Daily Resistance Level with high Stochastics & MACD (not in the frame) values. Market Price has reached the upper line of Bollinger Band.

Short @ 0.9002

Target @ 0.875
Attached Image (click to enlarge)
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  • #260
  • Jun 30, 2011 5:11am Jun 30, 2011 5:11am
GBPCHF, H1, 2011 June 30

Stochastics at the Bottom.

Long @ 1.3330

Next Long if MACD would coming more down, but Daily generates clear long signals (Stochastic Cross).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF, H1, 2011 June 30.jpg Size: 269 KB
Click to Enlarge Name: GBPCHF, Daily, 2011 June 30.jpg Size: 229 KB
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