Dinos
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Morning
Will be trading the hourly chart, indicators I will be using:-
DEMA (8)
MA (10)
Trend Line MA 34
MACD (12,26,9)
Stochastics (14,3,3)
Looking to enter on the crossing of the DEMA/MA, (a) if I want a safe entry, taking only positions with the trend or (b) a more risky position, trading both ways ignoring the trend line.
On the attachment, I have highlighted the entry points, no false signals were generated, every crossover is acted upon.
On the crossover, moving to lower timeframes to gain maximum beneficial entry point.
Attachment highlight entry points, MACD, Stochastic which if applied correctly will gauge the authenticity of the trade.
Exit, between the low of the move and the reversal crossover.
Will be interesting to here everybodys view, and perhaps adapt/change as we go.
I will post my entrys just after they happen, and re-visit to edit why I took that position, I don't expect to be posting large amounts as the trade will probably last a few days, but lets see how we go
Will be trading the hourly chart, indicators I will be using:-
DEMA (8)
MA (10)
Trend Line MA 34
MACD (12,26,9)
Stochastics (14,3,3)
Looking to enter on the crossing of the DEMA/MA, (a) if I want a safe entry, taking only positions with the trend or (b) a more risky position, trading both ways ignoring the trend line.
On the attachment, I have highlighted the entry points, no false signals were generated, every crossover is acted upon.
On the crossover, moving to lower timeframes to gain maximum beneficial entry point.
Attachment highlight entry points, MACD, Stochastic which if applied correctly will gauge the authenticity of the trade.
Exit, between the low of the move and the reversal crossover.
Will be interesting to here everybodys view, and perhaps adapt/change as we go.
I will post my entrys just after they happen, and re-visit to edit why I took that position, I don't expect to be posting large amounts as the trade will probably last a few days, but lets see how we go
Attachments
Dinos
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Nick, depends what I'm after, on this trade, with the 3 & 4 hourly charts in position for beginning their downtrend, I'm likely to ride it down using these charts, but remain aware of the lower timeframes & potential news releases which may affect direction, you in?
With the 10, 15 & 30 min charts look at the bottom of their range, I could close the position and re-enter higher later
With the 10, 15 & 30 min charts look at the bottom of their range, I could close the position and re-enter higher later
Hi Dinos,
Was there not also an entry from the hour chart using your strat ? Or am I missing something as usual...............
nkruger
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Watching the 5 min. chart, I've got a pivot point at 5623 (Sept Fut) so we may see a temporary halt there today, so could be correct in you strategy (quote above)
Dinos
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Ziff
Correct, I jumped the gun, by taking a position on the 15 chart, if I had not taken this I would have taken the hour trade.
Looking good at the minute, sub hour time frames, all bottom of the stoch range, the 1 & 2 hourly's looking good for further movement southward at the min, the 3 & 4 hourly, perhaps ready to fall after DEMA/MA/MACD Crossover, stochastic heading for confirmation by breaking 90
Have locked in 30 pips to protect the trade, love days like this, can't lose now, time for lunch
Correct, I jumped the gun, by taking a position on the 15 chart, if I had not taken this I would have taken the hour trade.
Looking good at the minute, sub hour time frames, all bottom of the stoch range, the 1 & 2 hourly's looking good for further movement southward at the min, the 3 & 4 hourly, perhaps ready to fall after DEMA/MA/MACD Crossover, stochastic heading for confirmation by breaking 90
Have locked in 30 pips to protect the trade, love days like this, can't lose now, time for lunch
nkruger
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Whoops - well, went through 5623 like a hot knife through butter..... Must check my maths !!
nkruger
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Can you not use an SB Co charts and prices ?
Pat494
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Thx - I'll have a look
Pat494
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Looks like I've got the cheapo SB co as well. They do the tick chart but no indicators.
nkruger
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Who do you use ?
Dinos right - CMC good, Cap Spreads ok as well (same as Finspreads)
Correct me please, but I believe quite a few SB companies will allow you play with their platform with depositing any wonga - have a trawl Pat.
