"Xenon" System, trading with 1min Chart.
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 11, 2012 at 11:44
ok guys
I had earlier mentioned about waves here at this thread. currently I am using that strategy with an modified Ehlers indicator.
here are rules for succes ( technical , not mental )
- every movement in the market is the combination of 3 waves.
- this can me sometimes 3-1 = 2 or 3+1 = 4
- if it is 2 wave then it is a very strong momentum movement
- if it is 4 wave then it is testing the same level after 3 attemps. it can go further or reject.
3 waves are the most common and easy to determine.
2 waves are very fast and difficoult to determine
4 waves are slover.
the main point is
- to detrmine the waves correctly
- decide if it will be 2 or 3 wave.
- 4 wave is hapens after 3 completed and can be determined.
the magic numberfor trading is 3 +- 1
I am currently doing well with that system. after 100 demo trades will move to live.
as I had mentioned earlier unfort. I could not able to code the patterns. tihs is more likely face regoc. system.
walker
I had earlier mentioned about waves here at this thread. currently I am using that strategy with an modified Ehlers indicator.
here are rules for succes ( technical , not mental )
- every movement in the market is the combination of 3 waves.
- this can me sometimes 3-1 = 2 or 3+1 = 4
- if it is 2 wave then it is a very strong momentum movement
- if it is 4 wave then it is testing the same level after 3 attemps. it can go further or reject.
3 waves are the most common and easy to determine.
2 waves are very fast and difficoult to determine
4 waves are slover.
the main point is
- to detrmine the waves correctly
- decide if it will be 2 or 3 wave.
- 4 wave is hapens after 3 completed and can be determined.
the magic numberfor trading is 3 +- 1
I am currently doing well with that system. after 100 demo trades will move to live.
as I had mentioned earlier unfort. I could not able to code the patterns. tihs is more likely face regoc. system.
walker
Členem od Apr 13, 2012
15 příspěvků
May 11, 2012 at 13:04
Thanks for answer. Can you give me any period that move >2000 pips?
xenon posted:
if you are asking that info for grid calculation this information means nothing.
anyway price can move >2000 pips without giving you a chance to exit BE.
quangmach posted:
xenon posted:
Hi quangmach
do you mean sideways market with flat?
if yes this is very relative. it makes huge differents from trader to trader. depends on what your target is.
walker
Sorry for late reply Steve. I meant for example GPU/USD down 200 pips without retrace more than 50pips or down total 200pips within an hour and only retrace 15~30pips and down more
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 11, 2012 at 19:04
(Upravené May 11, 2012 at 19:33)
this weeks results
I hope I keep my mental level same.
system technically seems ok.
when I feel confident I will share all details including indicator.
will explain how I trade with screenshots.
I had traded
1M
5M
15M
charts this week with 1000 usd equity 0.50 fix lot. Lot will be updated next week with formula (0,5*current_equity/initial_equity)
also trading 0.01 lot long term trades with 4H and Daily charts.
I hope I keep my mental level same.
system technically seems ok.
when I feel confident I will share all details including indicator.
will explain how I trade with screenshots.
I had traded
1M
5M
15M
charts this week with 1000 usd equity 0.50 fix lot. Lot will be updated next week with formula (0,5*current_equity/initial_equity)
also trading 0.01 lot long term trades with 4H and Daily charts.
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 11, 2012 at 19:16
some monthly time windows that blows grid accounts
07-2007
02-2008
07-2008
12-2008
03-2009
12-2009
01-2010
05-2010
07-2007
02-2008
07-2008
12-2008
03-2009
12-2009
01-2010
05-2010
quangmach posted:
Thanks for answer. Can you give me any period that move >2000 pips?
xenon posted:
if you are asking that info for grid calculation this information means nothing.
anyway price can move >2000 pips without giving you a chance to exit BE.
quangmach posted:
xenon posted:
Hi quangmach
do you mean sideways market with flat?
if yes this is very relative. it makes huge differents from trader to trader. depends on what your target is.
walker
Sorry for late reply Steve. I meant for example GPU/USD down 200 pips without retrace more than 50pips or down total 200pips within an hour and only retrace 15~30pips and down more
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 12, 2012 at 09:46
earlier I had mentioned that I had some limit issues (metally) that I can not stop my self at loosing steaks and lose more. to stop that I went to mental doctor last week and get some help from him.
I think I will visit him some times and fix that issue forever.
walker
I think I will visit him some times and fix that issue forever.
walker
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 14, 2012 at 11:13
JP morgen lost 2Billion on trading.😲
SO we are not the only who blow accounts
SO we are not the only who blow accounts
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 14, 2012 at 11:44
these weeks FX market start trading during the weekend on the Greece and Spain news instead of trading weekdays. Bigdogs new tool against retail traders.😞
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 14, 2012 at 13:58
the main Q is who won that amount!!??
xenon posted:
JP morgen lost 2Billion on trading.😲
SO we are not the only who blow accounts
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 15, 2012 at 11:14
I stop also demo for a while.
I had some systems that makes money but the one who fails is me.
I had to take my self under cotrol.
then I can directly go back to live. no demo nedded.
PS: my Xenon system has fix SL and TP with 1/2.5 RR ratio. last week I had %30 easly ( 1000usd > 1300usd). but yesterday I had lost 10 usd while I was trying to exit on BE in 2 trades and get mad. then destroy the account while I was already daily +%6.
before I fix that mental stuck mode I will not trade demo or live.
walker
I had some systems that makes money but the one who fails is me.
I had to take my self under cotrol.
then I can directly go back to live. no demo nedded.
PS: my Xenon system has fix SL and TP with 1/2.5 RR ratio. last week I had %30 easly ( 1000usd > 1300usd). but yesterday I had lost 10 usd while I was trying to exit on BE in 2 trades and get mad. then destroy the account while I was already daily +%6.
before I fix that mental stuck mode I will not trade demo or live.
walker
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 15, 2012 at 11:41
BTW who is trying to understand and trade the market with levels or other inidicators or what ever. Forget about all.
there is no level no Trend lines that can generate consistant profit.
Market is the chains of waves. the last chain of Short is the first chain of long or vice verse.
just try to identify the waves. thats will be enough for you to make good profit.
if you are able to control yourelf.
walker
there is no level no Trend lines that can generate consistant profit.
Market is the chains of waves. the last chain of Short is the first chain of long or vice verse.
just try to identify the waves. thats will be enough for you to make good profit.
if you are able to control yourelf.
walker
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 15, 2012 at 13:00
EU heading 1.26500
xenon posted:
got 1 close below the TL. if today also close below TL we can see more lows at EU soon
xenon posted:
EU has opened below the triangle at Daily chart.
if we see 2 day close below this level we should prepare for new lows for EU
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 15, 2012 at 13:13
there is no type of trading as Scalping.
scalping type created by the DD brokers to prevent from missing entry and exit of trades.
trader can trade either tick or 1H chart. the only difference is the profit target in PİPs.
it can be either 50 pips or 0.50 pips. depends on the time frame.
at the end traders are looking for the same formations to enter/exit trades.
with STP STP/ECN brokers scalping is no more an issue for brokers. and all traders are well come.
as a result trading styles named swing or scalping are the same regardles of time.
walker
scalping type created by the DD brokers to prevent from missing entry and exit of trades.
trader can trade either tick or 1H chart. the only difference is the profit target in PİPs.
it can be either 50 pips or 0.50 pips. depends on the time frame.
at the end traders are looking for the same formations to enter/exit trades.
with STP STP/ECN brokers scalping is no more an issue for brokers. and all traders are well come.
as a result trading styles named swing or scalping are the same regardles of time.
walker
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 15, 2012 at 13:36
another advise for you.
forget about over/below any peirod of MAs or MA croses. useless.
eg..
best longs are formed below MA 30 and vice verse.
but in general traders look for reverse.
just watch waves as wave surfers.
walker.
forget about over/below any peirod of MAs or MA croses. useless.
eg..
best longs are formed below MA 30 and vice verse.
but in general traders look for reverse.
just watch waves as wave surfers.
walker.
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 16, 2012 at 17:02
currently I do not trade but there si smoething starnge with EU in last 2 hours. I assume I missed a news.
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 17, 2012 at 10:58
if EU does not climb over 1.27600 in ~2 days then we will be looking for more lows ~1.25
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 19, 2012 at 11:56
at the end ( at least for now ) I found where I go wrong!
the reason why I destroy account while manual trading is; I stop using my entry exit signals and trade according to my mood.
early stages I was captured by the daily PH. I come over that. for now I should come over my mood of day.
from now I will keep all accounts traded at my portfolio and see how I handle this issue.
walker
old post from old thread about PH of the day.
Phsycology(Ph) of a trading day:
1- start of a day:
with every start I afraid of having loosers but also feel confident that Patterns works well.
2- first trades:
with every start most probably I had my daily goal in a very short period of time. Just watching and catching the patterns. entering trades and exit if necessery even in loss.
3 - daily goal achived:
this is the first break point of the day. after having achived the daily goal Ph changes. from that point I start finding reasons to NOT ENTER the new trades. because daily goal achived and the fear of loosing that is putting more pressure.
4- missing new winners:
the result of nr3 I start missing many winners. and this make me stressed and got angry to myself. that point is the second break point of the day.
5- finding reasons to enter new trades:
at that point I start FINDING reasons to enter trades. due I had missed some winners and now I must fill that gap in my mind. WHY NOT %5 instead of %1 or %2.
6- entering wrong trades:
now I had find the reasons to enter trades just %100 opposite of nr3. those are not exectly what I am looking for. I am just trying the fill the missed gap immediatelly and making wrong desecions. the another reason for this is the Rescue plan. at the backstage of my mind I know that I have rescue plan and this will rescue me if I take a wrong one.
7- Rescue:
as a result I enter wrong trades and those goes against me. at that point instead of exiting the trade at a certain point I keep loosing and start the rescue plan. ( this loose most probably is the result of a very fast price action/spike )
8- Back to start Ph:
when the afraid happens mind reset logic and start trading normal again. at the rescue stage I trade other pairs and make good profit.
8- end of the day:
most probably the rescue plan works ( you can call this basket or grid trading ) and day has saved.
the reason why I destroy account while manual trading is; I stop using my entry exit signals and trade according to my mood.
early stages I was captured by the daily PH. I come over that. for now I should come over my mood of day.
from now I will keep all accounts traded at my portfolio and see how I handle this issue.
walker
old post from old thread about PH of the day.
Phsycology(Ph) of a trading day:
1- start of a day:
with every start I afraid of having loosers but also feel confident that Patterns works well.
2- first trades:
with every start most probably I had my daily goal in a very short period of time. Just watching and catching the patterns. entering trades and exit if necessery even in loss.
3 - daily goal achived:
this is the first break point of the day. after having achived the daily goal Ph changes. from that point I start finding reasons to NOT ENTER the new trades. because daily goal achived and the fear of loosing that is putting more pressure.
4- missing new winners:
the result of nr3 I start missing many winners. and this make me stressed and got angry to myself. that point is the second break point of the day.
5- finding reasons to enter new trades:
at that point I start FINDING reasons to enter trades. due I had missed some winners and now I must fill that gap in my mind. WHY NOT %5 instead of %1 or %2.
6- entering wrong trades:
now I had find the reasons to enter trades just %100 opposite of nr3. those are not exectly what I am looking for. I am just trying the fill the missed gap immediatelly and making wrong desecions. the another reason for this is the Rescue plan. at the backstage of my mind I know that I have rescue plan and this will rescue me if I take a wrong one.
7- Rescue:
as a result I enter wrong trades and those goes against me. at that point instead of exiting the trade at a certain point I keep loosing and start the rescue plan. ( this loose most probably is the result of a very fast price action/spike )
8- Back to start Ph:
when the afraid happens mind reset logic and start trading normal again. at the rescue stage I trade other pairs and make good profit.
8- end of the day:
most probably the rescue plan works ( you can call this basket or grid trading ) and day has saved.
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 19, 2012 at 11:59
on the top of that I stop stuck in one trade. so when needed I exit in loss and open reverse. OCO.
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 19, 2012 at 12:09
EU closed wek just over 1.27600 which is 1.27777
so it does want to move long and get away from the gravity effect of ~1.2500
here at that level now should watch and see if it can stay over 1.27800 for at least 1 day.
if I had enough patient I could trade higher time frames with > 30 PIP target. but not for now. first I should come over my 'trading according to mood' issue with smaller time frames.
so it does want to move long and get away from the gravity effect of ~1.2500
here at that level now should watch and see if it can stay over 1.27800 for at least 1 day.
if I had enough patient I could trade higher time frames with > 30 PIP target. but not for now. first I should come over my 'trading according to mood' issue with smaller time frames.
xenon posted:
if EU does not climb over 1.27600 in ~2 days then we will be looking for more lows ~1.25
forex_trader_67750
Členem od Mar 01, 2012
173 příspěvků
May 19, 2012 at 12:40
the Root of price action is Tick.
due to difficulties trading with ticks currently %99 of us using time frames with candle sticks.
but if you watch a Tick chart for some hours you will see very clear exit and entry points for profitable trades.
also but unfortunatelly with current costs of brokers for retail traders and order execution speed of MT4 it is not possible to trade with it.
there are some other charts called Range Bars and Renko Bars. I have tested both. with those charts which they can be created on MT4 as OFFline charts, we can filter and get better charts with low noise. but this also has disadvantage which is Poker Face. it is not possible to understand market mood from those charts due it is highly filtered.
my conclusion using Tick charts. I currently start testing that. EU has average 30 ticks/1min. if its moving slow and sideways it drops. if its moving fast it goes up to > 50 tick/1min.
SO currently I had created a chart with 30 ticks. average, this is very similiar to 1 min chart. but when market is slow it will not close bars before 30 ticks count and when market moves fast it will close >=2x bars instead 1.
as a result it will filter the sideways market with lower bar close and will better exit when market is fast due to higher bar close.
after tests complete I will share the results here.
walker
due to difficulties trading with ticks currently %99 of us using time frames with candle sticks.
but if you watch a Tick chart for some hours you will see very clear exit and entry points for profitable trades.
also but unfortunatelly with current costs of brokers for retail traders and order execution speed of MT4 it is not possible to trade with it.
there are some other charts called Range Bars and Renko Bars. I have tested both. with those charts which they can be created on MT4 as OFFline charts, we can filter and get better charts with low noise. but this also has disadvantage which is Poker Face. it is not possible to understand market mood from those charts due it is highly filtered.
my conclusion using Tick charts. I currently start testing that. EU has average 30 ticks/1min. if its moving slow and sideways it drops. if its moving fast it goes up to > 50 tick/1min.
SO currently I had created a chart with 30 ticks. average, this is very similiar to 1 min chart. but when market is slow it will not close bars before 30 ticks count and when market moves fast it will close >=2x bars instead 1.
as a result it will filter the sideways market with lower bar close and will better exit when market is fast due to higher bar close.
after tests complete I will share the results here.
walker
Členem od Jan 14, 2010
2299 příspěvků
May 19, 2012 at 16:31
Steve, after you made your goal. close PC , walk away and go and smell flowers.
You do not have to trade 24 hours a day. Find something else to do.
You do not have to trade 24 hours a day. Find something else to do.
xenon posted:
at the end ( at least for now ) I found where I go wrong!
the reason why I destroy account while manual trading is; I stop using my entry exit signals and trade according to my mood.
early stages I was captured by the daily PH. I come over that. for now I should come over my mood of day.
from now I will keep all accounts traded at my portfolio and see how I handle this issue.
walker
old post from old thread about PH of the day.
Phsycology(Ph) of a trading day:
1- start of a day:
with every start I afraid of having loosers but also feel confident that Patterns works well.
2- first trades:
with every start most probably I had my daily goal in a very short period of time. Just watching and catching the patterns. entering trades and exit if necessery even in loss.
3 - daily goal achived:
this is the first break point of the day. after having achived the daily goal Ph changes. from that point I start finding reasons to NOT ENTER the new trades. because daily goal achived and the fear of loosing that is putting more pressure.
4- missing new winners:
the result of nr3 I start missing many winners. and this make me stressed and got angry to myself. that point is the second break point of the day.
5- finding reasons to enter new trades:
at that point I start FINDING reasons to enter trades. due I had missed some winners and now I must fill that gap in my mind. WHY NOT %5 instead of %1 or %2.
6- entering wrong trades:
now I had find the reasons to enter trades just %100 opposite of nr3. those are not exectly what I am looking for. I am just trying the fill the missed gap immediatelly and making wrong desecions. the another reason for this is the Rescue plan. at the backstage of my mind I know that I have rescue plan and this will rescue me if I take a wrong one.
7- Rescue:
as a result I enter wrong trades and those goes against me. at that point instead of exiting the trade at a certain point I keep loosing and start the rescue plan. ( this loose most probably is the result of a very fast price action/spike )
8- Back to start Ph:
when the afraid happens mind reset logic and start trading normal again. at the rescue stage I trade other pairs and make good profit.
8- end of the day:
most probably the rescue plan works ( you can call this basket or grid trading ) and day has saved.
