Search | Energy EXCH
  • Search Energy EXCH
Posts by Trader
Website
Posts by Trader
    Advanced Search Options
    Post Types (all, none)
    Websites (all, none)
    Post Attachments (all, none)
    Sort Results By
    Date Range
    Back to Basic Search
    • DocPMD replied Sep 2, 2009

      Short EJ 240 15 5 — Short EUR/JPY Entry 131.96 Stop 132.13 TP#1 131.79 TP#2 131.55 Risk 2% Profit 1.8% Had to leave my terminal for a few minutes and I can't stand leaving a trade unattended. So I exited the second part of the position early ...

      MTF Trix system
    • DocPMD replied Sep 1, 2009

      Short GU 30 5 (reentry) Entry 1.6152 Stop 1.6182 TP#1 1.6142 (adjusted) TP#2 1.6120 Risk 2% Profit 1.1% Took this reentry trade short. It initially went in my direction to the previous low, but then reversed almost all the way to the stop. I then ...

      MTF Trix system
    • DocPMD replied Aug 31, 2009

      I entered as per the rules in the candle on the red arrow. I could have entered on the open of that candle, but I chose to be more conservative and wait for the break below the signal candle (as per one of Glen's suggestions). If you are saying that ...

      MTF Trix system
    • DocPMD replied Aug 31, 2009

      Glen, Yes, all practice trades at this point. And I hate to admit I have totally ignored the ATR criteria. I guess I need to pay more attention to that. Would you mind giving us (me) a little lesson again on how you use that? Thanks, Doc

      MTF Trix system
    • DocPMD replied Aug 31, 2009

      I was watching EJ for a break of the 133 level. Should have set a stop market order because it flew through my entry level too fast to enter manually. I would have made my target 25 pips in about 5 min. Glad you caught part of it. Doc

      MTF Trix system
    • DocPMD replied Aug 31, 2009

      Refer to Post #1751 - it was my trade, not Glen's. Yes, it was short GU. He was just trying to give me some insight as to why the trade might have failed. And he was probably correct. Doc

      MTF Trix system
    • DocPMD replied Aug 31, 2009

      Glen, I fear tht you are correct. The low liquidity made it easy for price to spike up. It has now gradually retraced to where is is supposed to be - my first target level. Doc

      MTF Trix system
    • DocPMD replied Aug 31, 2009

      On the 30 min chart that I posted, the first white bar to the left of the red down arrow appeared, signaling the short on the 30 min. I waited to enter until the bar with the red arrow broke below the signal bar. The exact entry is shown on the 5 ...

      MTF Trix system
    • DocPMD replied Aug 28, 2009

      With all due respect to the folks who are using that indicator, that's exactly why I do not use it! It is much easier to look at multiple charts with color coded bars or signal arrows so that you know exactly when a valid signal occurs. I suppose ...

      MTF Trix system
    • DocPMD replied Aug 28, 2009

      That's pretty much what I expected you to say. But one thing that seems consistent is that it appears that in any case you don't trail your stops unless you at least partially in profit. Makes sense. As in the example that I provided with my initial ...

      MTF Trix system
    • DocPMD replied Aug 28, 2009

      Stops — Glen, Question about how you manage your stops. I am comfortable so far trading the 30 5 MTF. Today: GBPUSD -20 +25 EURJPY +25 Attached is a 30 min chart for EURJPY. From your previous posts it looked to me like you were suggesting a ...

      MTF Trix system
    • DocPMD replied Aug 27, 2009

      A few more hours — I've spent another few hours this morning studying a Renko chart for EURJPY. I've tried several momentum indicators to try to filter trades with no luck. I also had a 1 min chart on my other screen so that I could go back ...

      NITRO Scalping for serious traders
    • DocPMD replied Aug 26, 2009

      Renko is a charting method designed to help visualize PA by filtering out the noise. Whether this is an advantage or not, who knows. Edge presented the idea and claimed it could be profitable, all we are trying to do is figure it out. Nothing more, ...

      NITRO Scalping for serious traders
    • DocPMD replied Aug 26, 2009

      Frank, Seems like I've read the rat experiment a thousand times by now, and I understand the meaning of it. But I'm not sure how it relates to the context of my post. If I were the rat, I would take the Renko reversal every time, because the ...

      NITRO Scalping for serious traders