- Search Metals Mine
- jmw1970 replied Jul 15, 2011
Hi Balasz227 regarding the first point that I made regarding the TMA bands being against you, this is my personal take i will occasionally take these, if the price action gives me a reason, the fact that the CCI indicates short/long is not enough ...
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 15, 2011
Balazs227 — Hi couple of points on your last trades:- EURGBP - why would you place a buy? the tma bands were clearly against you USDCHF - your trailing stop was too close, the entry was fine, the stop loss should have been about 0.81595, this ...
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 13, 2011
i just use a regular fib, although I remove the 23.6 level basically for me, it either has to retrace at least to 38.2, or if the retrace doesn't reach 38.2 then I am looking for a breakout entry around the zero line the original system was already ...
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 13, 2011
if you were using the TMA True (with distances), you would have seen that this was a risky trade to take that is the problem with the originally recomended TMA indicator, hence most people use the true version now. the difference between true and ...
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 13, 2011
if you look carefully during these times this is normally due to news etc (your example was bernanke testifying) during this time most retail brokers increase their spread massively and also you get lots of requotes placing a profitable trade once ...
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 13, 2011
AUDUSD +6.6 pips closed out as the PA wasn't smooth (possibly because ny open soon)
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 13, 2011
in a long trend put a fibonnacci from the low to the high (so the zero line is at the high), then look for a retrace at least to the 38.2 line in a short trend the reverse if you look at the audusd open picture i uploaded you can see my fib. fibs ...
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 13, 2011
I ignore the TMA when the retracement has been at least 38.2 in strong trending markets waiting for a retrace back to the mid/or opposite line might never happen
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 12, 2011
did you read ALL of the post that the indicator was attached too? the indicator you downloaded requires you to have the indicator "TMA Called" in your indicator list (does not need to be on the screen) without this it the alerts are not correct
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 12, 2011
2 quick MOM type scalps EURUSD + 25.5 pips EURJPY + 37.5 pips
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 10, 2011
MTF - Multiple Time Frame (sometimes also known as OTF - Other Time Frame) The plotting of an indicator from a different timeframe to your chart timeframe ie. in your case the plotting of daily bollinger bands, ma's onto the 1hr chart
Plotting daily moving averages as horizontal lines on hourly charts
- jmw1970 replied Jul 8, 2011
hi speculant i can answer that for you a sub has a high/low within x pips of the sma AND has a CCI > 50 (long, CCI < -50 short) the first bars that broke the sma did not qualify because of the CCI this is clearly mentioned in the rules. regards, ...
Flag trading the trend
- jmw1970 replied Jul 7, 2011
good going, now i am really upset that my internet was down, everyone was making money but me
ah well, next week beckons.. Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 7, 2011
Hi All sorry been unable to post for a few days my internet connection decided to up & die on me - and for some reason swiss efficiency didn't work that well in getting it back going with tomorrow being nfp, not sure there will be much opportunity ...
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 5, 2011
you might want to check this out url it posts to twitter
Trades to twitter, facebook, etc..
- jmw1970 replied Jul 5, 2011
good going, today i kept on hoping for breakout's that just never materialised and from your trade statement it seems that scalp, scalp and scalp some more was definitely more profitable i normally position trade, looks like there is whole lot of ...
Kevinator 5m retracement-Live trading
- jmw1970 replied Jul 5, 2011
i know what you mean i got in again on the EU but at a price 15 pips lower than my earlier entry, so first I lost on spread / slippage on the first trade (3.2pips), and my second trade started out at effectively -15 come on people - this is a forum ...
Kevinator 5m retracement-Live trading