:mad:…us hollyday really influence market that is really not moving as usual,when all of the bigs players are here!!..it is curious to watch oil making new lows(daily basis) while gold had climb near 1000 pips in last 2 hours…usually oil and gold…euro too are directly acting like twins!..curious…it is why trading while us or euro banks are not there may be risky!!!
;)ok guys…must go …important to do today…like go making a poo!!!:D…oil trade still on…market should be bringing oil to somewhere near the 76.75 value…ok…alarm…gold buystop at 1191.42…target as usual…see you later…and let’s pray together!!!
General, could you please confirm what you mean by “trailing start at…50
trailing stop…25” and “breakeven start at 25…pips to breakeven autoclose at +10 pips”?
sure Shandy…trailing stop start at mean…for example…if trailing stop start at value is …25…then you will instal a trailing stop of’'x ‘’ value at +25 reached…if the trailing stop value is 15( not talking about the trailing start) then put a trailing stop of 15 at 25 reached; breakeven is to install in your mind a virtual breakeven point when ‘‘x’’ pips in gain reached;if the breakeven i am using is 25 …and the pip to breakeven is 10…then at 25 reached…i will install a breakeven protection value of zero gain + 10 pips…simple as that…so if the market comes back you are sure to getout with a minimum of 10 pips if your trailing stop had not been activated yet!it is a little bit more work to do it and follow the trade manually but i decided to create my own stealth manager …more easy and do not have to be there when trades are on!
Ok thanks for that General!
Question on the attached chart and why your buy order was opened at 77.07, and not higher if you don’t mind? As per the aqua line the low this morning was around 77.64 (based on the arrowed candle body low rather than the wick). So why was the pending sell stop not at 77.54, and the trade would now be nicely in profit? Or it in fact may have had the trailing stop taken out by now?
ok 10 pips lower was the buffer confirmation i am using …let the market a chance to show me that it will go back soon or not!!!the line you are talking about is the signals…the buffer must be add to this value;when i am not putting a 10 pips budffer…ratio of winning trades is not as good! better to made 10 winning trades of 20 pips…than 5 winning of 30…plus 15 losing of 100!..market must show me that there is some big pushing in volume at this stage !
you can enter sooner if you want …correct with me Shandy,but my own personal experience in trading these 2 commodities brought me to a lot of precautions trading them…so i prefer many trades with afew pips in gain than targetting not less than 100 pips,with a terrible win ratio,but this is my own opinion;but it is corrct to try to find our own comfort zone!
Yes but what I mean is the swing low was at 77.64, take away the buffer zone of 10 pips gives 77.54. 77.07 was a buffer zone of around 60 pips? Or am I missing something?
i am not trading swing high or low…price action movements with own strategy based on last support and resistance…i create my own indicator that combine 5 majors ones…combine to a price action detector…and my signals are based on the average of them together…first setup i explain in that thread is only an approximation… for the moment i am concentrate only in giving signals!
Ok yeah, I see where this is heading.
here is the point Shandy… i coded a single indicator that combine the signals of 8 indicators i usually trade with…and a price action entry targetor…on gold and oil trading 30 minutes charts…so far it is easy…but the fact is to finfd the ideal setup in targets and trailing stop setup for allowing us to stay in the trade as long as we can…and be stopped out with a minimumof profit even the markets goes reversal! here is all of the 8 indicators confirmation i am waiting for an entry + the buffer(10 or 100 pips,depends if you trade oil or gold):)…indicators:Rate of change
MACD
Bollinger Bands
Bulls Power
Bears Power
ADX
RSI
Stochastics.
a little question for you Shandy…just for the fun of it!!! with is your link with Jimmy young???..do you know the spam king, well know by the name of ROB GRESPINET…AND HIS OLD BODY FELIX HOMMOGRATUS???
BY HAZARD???:rolleyes:
SECOND BUYSTOP GOLD AT 1192.50…FIRST ONE STILL ACTIVE… POSSIBILITY OF DOUBLE WIN HERE…I HOPE:p
gold buystop activated at 1192.42 is now closed for a loss of 693 pips at the same time we setup a sellstop at 1185.75 activated and still on;i always a buystop still open when an inverse signals appear…;previous call for a buystop at 1192.50 is cancelled too! stoploss for the sellstop is at 294 pips(1188.74)…going to bed…we’ll see tomorrow:)
:)sellstop in gold closed by trailing stop at +115pips at 1183.05…i’m am going to bed …see you tomorrow guys:)
the last loss in gold is a hard shot to the weekly gain…in fact erase all the gain of the week…-693 pips…so i am +1 pip in gold so far this week;
and for oil i am at +95 and a trade still on…(sellstop at 77.07) should be a good one!!! gold is really going down fast…if my trailing had not getting me out should had been a + 710 pips gain so far…!:mad:
:o total since the 4 of november…both oil and gold…+1756 pips(including last gold loss of 693 pips)
:Dok…sellstop(77.07) oil trade now close at +250 pips…(74.57) for a wee:Dkly total in oil this week of +345 pips…sellstop gold at 1152.52 targets same as usual except stoploss at 1168.25;buystop at 1159.98…targets as usual except stoploss at 1154.73!..happy trading time guys!
:mad:mistake in calls…sellstop gold at 1151.52…targets same except stoploss at 1159.83…and buystop gold at 1167.25,targets same except stoploss at 1154.73…sorry:p