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turtlefan replied Jan 30, 2009Doesn't look like this is going to rally anytime soon. Shorted at 4275.
Cable Update (GBPUSD)
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turtlefan replied Jan 30, 2009Yep, the brokers obviously differ a little. My high at IBFX is 1.4411, so my buy stop is at 1.4421. A few pips aren't going to make any difference on a daily (or even 4H) system. Scott
4H 5EMA System
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turtlefan replied Jan 29, 2009I too would like confirmation on this from one of the veterans of the daily system. It would appear that Tweak #1 comes into play here? So when the current bar closes, we would be placing new orders at the high plus 10 and the low minus 5? Is this ...
4H 5EMA System
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turtlefan replied Jan 29, 2009Well, it was my understanding that the Sunday candle was considered to be a part of Friday's candle in the daily system (at least that is what El Dee indicated to me -- or maybe that is just how he trades it?). In any event, too late now. LOL
4H 5EMA System
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turtlefan replied Jan 29, 2009Alex, El Dee's daily rules state: 3.6 Another occasional occurrence is that the order is filled, creating the automatic stop loss position, and then the price reverses through the stop loss closing your position. Tweak #1 - in this situation, at the ...
4H 5EMA System
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turtlefan replied Jan 29, 2009I began to trade the daily on a LIVE account last night, so this is my first trade with it. Currently down about 185 pips. Stoploss only about 80 pips away.
Scott 4H 5EMA System
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turtlefan replied Jan 27, 2009Yep, I took it based on the HMA, RSI and Trendmaster indicator (which has now reappeared again on my charts, LOL). But I acknowledged in my message that this was "my version" of Mitch's system. I am on demo, so just trying different things at the ...
Traffic Light System
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turtlefan replied Jan 27, 2009Yes, I went long E/U last night as well. Interestingly, when I entered the trade, there was a Trendmaster up arrow on today's bar. When I got up this morning and price has retraced, the arrow is now gone. So whoever said Trendmaster doesn't repaint ...
Traffic Light System
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turtlefan replied Jan 26, 2009Hi there. I took it on my own. At least on my IBFX platform, HMA has turned red, Goldminer is red, and RSI has turned yellow. Currently down quite a bit on it, though (about 85 pips). We'll see if she comes back. Scott
Traffic Light System
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turtlefan replied Jan 26, 2009Mitch, as you well know, you can't expect to win every night or every week or even every month in this game. Hang in there. I think the system is pretty sound... just needs some tweaks on when to get in and out efficiently. Personally, I think it ...
Traffic Light System
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turtlefan replied Jan 26, 2009Sounds good, Mitch. Plus you just had to know that as soon as you began to share your trades publicly, they would take a little bit of a hit, right? That happens to just about all system sharers on FF. But I'm glad to hear that it sounds like your ...
Traffic Light System
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turtlefan replied Jan 25, 2009Update -- now the HMA on EURUSD is back to red again. LOL. I guess I just experienced the HMA's repainting in action!
Scott Traffic Light System
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turtlefan replied Jan 25, 2009Hi, Mitch. Thanks for posting your trades. Being more conservative, I have only entered two trades: USDCAD (sell) and EURAUD (sell). Some of the trends of the other pairs look a bit tired, so I figured might be best to wait for confirmation or a new ...
Traffic Light System
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turtlefan replied Jan 23, 2009If I'm not mistaken, those EAs only close trades, not open them. So there would be nothing to "backtest." Scott
Traffic Light System
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turtlefan replied Jan 22, 2009That is incredible, Mitch. You just entered on the strength of the trends in those pairs or what? Wow. Just be careful with those discretionary trades (the gambling). While you may be on a lucky streak at the moment and able to pull off trades "just ...
Traffic Light System
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turtlefan replied Jan 22, 2009LOL. I was just rounding up to three on USDCAD. I now see from your reply to paradoxical how you are using the number. Right now USDCAD is sitting at 1.2554, and the ATR (14) is 0.206. So if you entered short, your stoploss would initially be ...
Traffic Light System
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turtlefan replied Jan 22, 2009Sounds very interesting, Damon. I put the ATR (14) on one of my charts. It gives values between, say, .015 and .025. If you don't mind, how does this translate to a stop loss value? Scott
Traffic Light System
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turtlefan replied Jan 22, 2009Incredible, Damon. Are you live or demo? For your sake, I hope live.
Well done. Scott Damonl's Daily Trade Picks