"Xenon" System, trading with 1min Chart.
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Mar 28, 2012 at 10:41
basicly it is making to many moves but taking no distance!
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Mar 28, 2012 at 10:43
notice the 5 min chart bars small candles and big High Lows!
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Mar 28, 2012 at 10:54
EU coiled around 1.3350
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Mar 28, 2012 at 16:36
today I had %4.50 up. traded only EU and waited until market get enough liquid which was after US open.
stop for today.
also coded some more points to indicate.
walker
stop for today.
also coded some more points to indicate.
walker
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Mar 29, 2012 at 08:44
Last night I stat running my Asian scalper for EG on xenon account with 1 Lot fix.
walker
walker
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Apr 02, 2012 at 09:16
greetings
due to cost/profit ratio I changed my chart from 1 to 5 min.
when trading with 1 min sometimes it costs 1000 usd to make 100 usd profit. this weird. I guess I had completed the information what I need from 1min.
5 min slower I need to adapt that.
also coding some algos for my patterns and testing them on the same EA with different comments to identify.
walker
due to cost/profit ratio I changed my chart from 1 to 5 min.
when trading with 1 min sometimes it costs 1000 usd to make 100 usd profit. this weird. I guess I had completed the information what I need from 1min.
5 min slower I need to adapt that.
also coding some algos for my patterns and testing them on the same EA with different comments to identify.
walker
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Apr 04, 2012 at 13:48
greetings
I am currently adapting to 5 min chart. it is 5x slower then 1 min so it will take some time.
I now trade only in the zone means between upper fractal and lower fractal. the outside is "space" for me and there are no rules. price movements unpredictable.
also I fix my TP to 3 PIP and SL to 10 PIP.
tight SL is a problem. I had several times Stop Out <0.50 PIP. vice verse also happened.
also several time missed TP < 0.50 PIP.
so I will keep those fix for the time being.
I am currently adapting to 5 min chart. it is 5x slower then 1 min so it will take some time.
I now trade only in the zone means between upper fractal and lower fractal. the outside is "space" for me and there are no rules. price movements unpredictable.
also I fix my TP to 3 PIP and SL to 10 PIP.
tight SL is a problem. I had several times Stop Out <0.50 PIP. vice verse also happened.
also several time missed TP < 0.50 PIP.
so I will keep those fix for the time being.
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Apr 05, 2012 at 11:57
why some of the patterns(trades) works well and some not.
the answer is Time. when I trade with 5 min chart and find a pattern that working well it may fail anytime. the reason is there are many different time frames and each trader including big ones banks and others are all using different time frames to trade according to their actual condition. this makes patterns or trades fails which used to work well.
Time must be in the function but I could not find the correct way to do it.
walker
the answer is Time. when I trade with 5 min chart and find a pattern that working well it may fail anytime. the reason is there are many different time frames and each trader including big ones banks and others are all using different time frames to trade according to their actual condition. this makes patterns or trades fails which used to work well.
Time must be in the function but I could not find the correct way to do it.
walker
Mitglied seit Jan 14, 2010
2279 Posts
Apr 06, 2012 at 09:49
Steve, why 1 min charts?
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Apr 06, 2012 at 10:02
1H for general condition.
1M for best entry point on 5 min.
patterns are all same for every time frame. all same!
1M for best entry point on 5 min.
patterns are all same for every time frame. all same!
Chikot posted:
Steve, why 1 min charts?
Mitglied seit Jan 14, 2010
2279 Posts
Apr 06, 2012 at 10:05
may be, but on 1 min they are not as reliable and it happens really fast. i do not like how 1 min charts look recently. far cry from say 2008-2009.
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Apr 06, 2012 at 10:06
today US holiday. average bar drop to 2.5 PIP from 8.0 PIP. average tick count is < 20tick/Bar. no trade today and on Monday. due EU will be closed on Monday. extended weekend.
Mitglied seit Jan 14, 2010
2279 Posts
Apr 06, 2012 at 10:07
(bearbeitet Apr 06, 2012 at 10:08)
I like long weekends ;)
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Apr 06, 2012 at 10:08
Chikot
believe it or not. all time frames has same noise. it is the calculation of risk/reward when choosing time frame.
believe it or not. all time frames has same noise. it is the calculation of risk/reward when choosing time frame.
Chikot posted:
may be, but on 1 min they are not as reliable and it happens really fast. i do not like how 1 min charts look recently. far cry from say 2008-2009.
Mitglied seit Jan 14, 2010
2279 Posts
Apr 06, 2012 at 10:10
Steve, obviously noise is not same. check e/j, e/u and g/u for example. those were excellent shorting opportunities.
the problem it took so long to wait for those trades to come.
the problem it took so long to wait for those trades to come.
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Apr 06, 2012 at 10:12
the reason I stop trading with with 1min is the cost.
when/if cost > profit it is meaningless. So as I had planned I switch to 5 min and reduce the cost.
when trading with 1 min cost was around 20x of profit. with 5 min now it changed to 1x. means equal.
cost = spread+comission
walker
have look at that
https://www.myfxbook.com/members/xenon/xenon/279813
when/if cost > profit it is meaningless. So as I had planned I switch to 5 min and reduce the cost.
when trading with 1 min cost was around 20x of profit. with 5 min now it changed to 1x. means equal.
cost = spread+comission
walker
have look at that
https://www.myfxbook.com/members/xenon/xenon/279813
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Apr 06, 2012 at 10:13
Chikot
noise is relatively the same. no difference. believe me.
it is the calculation of Risk/Reward.
noise is relatively the same. no difference. believe me.
it is the calculation of Risk/Reward.
Chikot posted:
Steve, obviously noise is not same. check e/j, e/u and g/u for example. those were excellent shorting opportunities.
the problem it took so long to wait for those trades to come.
Mitglied seit Jan 14, 2010
2279 Posts
Apr 06, 2012 at 10:16
R:R is important of course. but you forget about mental capital. I personally can day trade but would love to move away from it. stressful and takes lot of screen time. I am very active by nature hence I have been day trading.
forex_trader_67750
Mitglied seit Mar 01, 2012
171 Posts
Apr 06, 2012 at 10:19
patterns are the same.
look at the tripple bottom at tick chart. happened 2 min ago.
it does not matter if it is a tick chart or daily chart. reactions the same
look at the tripple bottom at tick chart. happened 2 min ago.
it does not matter if it is a tick chart or daily chart. reactions the same
Mitglied seit Jan 14, 2010
2279 Posts
Apr 06, 2012 at 10:22
The ultimate goal is to make money. The less efforts required the better and day trading is very high effort. i would love to move to swing trading. The ingredient that should be improved is patience cause I am experienced enough to know what to look for.
Reading watching now. My wife's exam is in the beginning of June and no screen time for me but at nights. Then I am trading 1 month demo and since July I will be live with myfxbook connected. I want to start swinging then.
BTW, Xenon, have you tried to swing trade?
Reading watching now. My wife's exam is in the beginning of June and no screen time for me but at nights. Then I am trading 1 month demo and since July I will be live with myfxbook connected. I want to start swinging then.
BTW, Xenon, have you tried to swing trade?
