hermes Posted December 13, 2011 Report Share Posted December 13, 2011 psaini, do you want to overhaul Soros and Rockefellers? But hurry up because soon will be no Forex trading at all. Watch that: Ha, ha, ha... Hermes Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 13, 2011 Report Share Posted December 13, 2011 Hermes are you from Poland ? Quote Link to comment Share on other sites More sharing options...
hermes Posted December 13, 2011 Report Share Posted December 13, 2011 Not in this life but friend who gave it to me is Polish, that's why the Polish titles. But I understand Polish also. I speak 5 languages. Hermes Quote Link to comment Share on other sites More sharing options...
Roels Major Posted December 14, 2011 Report Share Posted December 14, 2011 (edited) This is the fastest trade i have ever done. Entry was on the spot, didnt wanted to be greedier so closed when i felt its enough for me. Made $ 1055 in straight 13 minutes. :-O Todays Total Profit is $ 1821 8-) Hi, Psaini Well Done! But I notice you trade outside London Market this time? The signal (in 15M) was at the end of London Market.... Here are some of my rules i made for myself trading with "Soundfx System" 1) Trade only one pair. i consider EUR/USD as the Major of Major Pair. (Sometimes i trade EUR/JPY also if its in correlation with EUR/USD, but only after Japanese mkt close)----------->now trade 2 or 3 pair (EU, EJ, and UCHF) 2) Fix trade timing... i start my trading from London open to London close, i will only carry forward a trade after london close (but will close as soon as possible), will not take a fresh trade after london close. 3) Never enter in the middle of a signal given by the system, always wait for a fresh signal... if u missed 5 Min signal then look 4 fresh signal in 15 Min.... 4) After a signal is given dont jump in to it , look for recent high n lows and accordingly place ur trade. 5) I personally never trade during or b4 the imp. news, only after it is over and its effect has subsidized. 6) Discipline and patience is the key to success ( which i lack both of them but i m trying to attain both of them) 7) Each day b4 starting ur MT4 platform check FF for imp. news and act accordingly. 8) This system is not Holygrail.. losses will happen, its the cost that we pay for trading forex, 9) Entering a trade at right time is imp. but its the Exit that will make us rich or poor 10) Be honest with yourself, share ur all results whether in loss or in profit, many forex experts are here to help u with ur trading. they will point out wat mistake u r doing. Edited December 14, 2011 by Roels Major Quote "You Ain't Seen Nothing Yet!". Link to comment Share on other sites More sharing options...
psaini1973 Posted December 14, 2011 Author Report Share Posted December 14, 2011 (edited) Hi, Psaini Well Done! But I notice you trade outside London Market this time? The signal (in 15M) was at the end of London Market.... London was very much open at that time my frnd. According to my broker time the London close at 17:59 PM. 95% of times i dont trade after London close but yes i have taken a trade or two after London close after much thought and analyzing the mkt. Edited December 14, 2011 by psaini1973 Quote Link to comment Share on other sites More sharing options...
Roels Major Posted December 14, 2011 Report Share Posted December 14, 2011 London was very much open at that time my frnd. According to my broker time the London close at 17:59 PM Ok...but if u need this is the good link to check session straight to your PC clock hxxp://[email protected]/market.php? hermes and GTA 2 Quote "You Ain't Seen Nothing Yet!". Link to comment Share on other sites More sharing options...
psaini1973 Posted December 14, 2011 Author Report Share Posted December 14, 2011 Ok...but if u need this is the good link to check session straight to your PC clock hxxp://[email protected]/market.php? Thank you very much Frnd, but i have all the clocks and time in my mind. Quote Link to comment Share on other sites More sharing options...
Roels Major Posted December 14, 2011 Report Share Posted December 14, 2011 Thank you very much Frnd, but i have all the clocks and time in my mind. So what u think today....this time is consolidation period in EU and UCHF....will the price continue to going down (EU) below Support 1 at 1.30065? Quote "You Ain't Seen Nothing Yet!". Link to comment Share on other sites More sharing options...
psaini1973 Posted December 14, 2011 Author Report Share Posted December 14, 2011 So what u think today....this time is consolidation period in EU and UCHF....will the price continue to going down (EU) below Support 1 at 1.30065? Its hard to say at this moment, there's a tight range building up, i am hoping it shld explode either ways. But London will decide where the pairs will go, i just simply follow them Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 14, 2011 Author Report Share Posted December 14, 2011 (edited) Well its not a trade that i feel proud of... i had the perfect entry. Was just hoping that E/U would hit S-2... But E/U just not going down below 1.2960 . Waited more than 4 Hrs but of no use.. closed with the some profit. Todays Net profit is $ 975 :( ( i had more profit than this at given point of time) i Am Still Confident that E/U will hit S-2. ( But i am running out of my patience) Check Out: http://img155.imageshack.us/img155/1725/eur55.gif http://img155.imageshack.us/img155/1725/eur55.gif Edited December 14, 2011 by psaini1973 dhinesh89, domonkos and jasper2603 3 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 14, 2011 Report Share Posted December 14, 2011 Congrats. psaini1973. You entered without cofirmation from 15 M TF. What gave you canfirmation this time ? News that was pushing down the trend ? alansim 1 Quote Link to comment Share on other sites More sharing options...
wartime Posted December 14, 2011 Report Share Posted December 14, 2011 Trading is more art than exact science psaini1973 continue making your pips psaini1973 and alansim 2 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 15, 2011 Author Report Share Posted December 15, 2011 News N News N News. Today is a Holiday for me bcos of News, will only look to trade when all news would be over, only n only if their is a Viable trading opportunity. Roels Major and alansim 2 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 15, 2011 Report Share Posted December 15, 2011 (edited) Psaini1973 Would you be so kind to tell if you use JercaPivot2.mq4 and Stealth+W+Pivots+V10+3.mq4 on your chart? In JercaPivot2 S1 R1 and is calculated according Fibonacci. Edited December 15, 2011 by Fortuna Quote Link to comment Share on other sites More sharing options...
hermes Posted December 15, 2011 Report Share Posted December 15, 2011 (edited) Fibonacci and pivots are calculation, not reality and by the way every FX greenhorn is using it. Be contrary! You have to draw your own SR lines because they are build on reality. It is very easy to do just zoom out and connect the corresponding levels with lines. No big deal. Hermes Edited December 15, 2011 by hermes Fortuna1713006009 1 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 15, 2011 Report Share Posted December 15, 2011 The calculation for a pivot point is shown below: Pivot point (PP) = (High + Low + Close) / 3 Support and resistance levels are then calculated off the pivot point like so: First level support and resistance: First support (S1) = (2*PP) – High First resistance (R1) = (2*PP) – Low Second level of support and resistance: Second support (S2) = PP – (High – Low) Second resistance (R2) = PP + (High - Low) Quote Link to comment Share on other sites More sharing options...
hitescape Posted December 16, 2011 Report Share Posted December 16, 2011 The calculation for a pivot point is shown below... Remember that different brokers start their trading day at different GMT times. That means that the values that you calculate will vary widely from broker to broker. So, which value are you supposed to trust??? Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 16, 2011 Report Share Posted December 16, 2011 Yes, you are right. I have Pivot indicator that calculates me Pivots at my Broker time. Quote Link to comment Share on other sites More sharing options...
hermes Posted December 16, 2011 Report Share Posted December 16, 2011 (edited) There should be GMT offset setting included in Pivot indicators to calculate properly to broker's time, shouldn't be? Hermes Edited December 18, 2011 by hermes Quote Link to comment Share on other sites More sharing options...
hitescape Posted December 18, 2011 Report Share Posted December 18, 2011 There should be GMT offset setting included in Pivot indicators to calculate properly to broker's time, shouldn't be? Hermes Maybe there should be and if you find one, please let me know - I can use the code for some other projects. Also, please let me know which snake oil salesman (forex seminar seller) is correct as some swear by GMT for pivots yet others swear by NY for pivots, ADR, MA, and a few dozen other indicators. The same for the previous high, low and close. To the best of my limited knowledge there is no universal agreement as to which time zone is the "correct" one to use. Quote Link to comment Share on other sites More sharing options...
PIPHORE Posted December 18, 2011 Report Share Posted December 18, 2011 (edited) Maybe there should be and if you find one, please let me know - I can use the code for some other projects. Also, please let me know which snake oil salesman (forex seminar seller) is correct as some swear by GMT for pivots yet others swear by NY for pivots, ADR, MA, and a few dozen other indicators. The same for the previous high, low and close. To the best of my limited knowledge there is no universal agreement as to which time zone is the "correct" one to use. Very true, but I follow industry standard Pivot which is calculated based on NY close at 17:00 EST. It make sense for fx market started from NZ/AU and travel to EU and finally end in US. So broker with GMT offset +2 (their market watch window read 24:00 at NY 17:00 EST) can use standard pivot indicator without GMT offset Here is Pivot indicator with GMT offset setting that I find but caution pivot calculation only go as far as H1 timeframe correctly http://www.4shared.com/file/-vA4q-7u/Pivot_GMT_offset.html N.B. This indicator is written for GMT+2 broker so people with broker GMT offset +2 such as FXDD should put value 0 in the GMT shift setting. Edited December 18, 2011 by PIPHORE hitescape, hermes and domonkos 3 Quote Link to comment Share on other sites More sharing options...
fx4_ever Posted December 18, 2011 Report Share Posted December 18, 2011 This is another one. http://www.4shared.com/file/U80jYdqT/Pivots_Custom.html? Peter Bain uses 6gmt to 6gmt data for his pp hitescape and hermes 2 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 19, 2011 Author Report Share Posted December 19, 2011 Pathetic range bound mkt. wasted the whole day. Took a trade going no where, had to close it bcos of "ECB President Draghi Speaks". Loss of $ 167 :( Check Out: http://img543.imageshack.us/img543/1725/eur55.gif http://img543.imageshack.us/img543/1725/eur55.gif hitescape and jasper2603 2 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 19, 2011 Report Share Posted December 19, 2011 (edited) There is always another day. I keep my fingers crossed for you psaini1973. I did not trade today. For me was one opportunity about 2:00 PM but I was not sure 100% ( I am in the same time with you psaini1973) I have just started to trade your strategy. Edited December 19, 2011 by Fortuna alansim 1 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 19, 2011 Report Share Posted December 19, 2011 http://imageshack.us/photo/my-images/847/110d.gif Quote Link to comment Share on other sites More sharing options...
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