School of Pimpology - page 142
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Okay, I'm going to keep this thread alive. Even if it is about Endy's indicators.
USD/CHF has fallen 800 pips since it crossed the -100.
EUR/USD has risen 1200 pips since it crossed the +100. See the pics below.
And we could almost call them nice little 123's in the bottom window as they push away from those levels. This is definitely one to keep an eye on.
Is this thread dead already?
Okay, I'm going to keep this thread alive. Even if it is about Endy's indicators.
USD/CHF has fallen 800 pips since it crossed the -100.
EUR/USD has risen 1200 pips since it crossed the +100. See the pics below.
And we could almost call them nice little 123's in the bottom window as they push away from those levels. This is definitely one to keep an eye on.Hi, I was just starting to read this thread. I'm at page 34 right now, but I go back and forth to the last page from time to time. I noticed that it's been slowing down on new posts lately (aside from getting more and more confusing). If it is indeed dead, where can I get a follow up on the original Mr. P's stuff?
Thanks
Salat
Welcome Paul,
There are quite a few of us in the club now. Most important thing now is to dust yourself off and trade pure strategy plays, get the confidence back. Its always the same, increase stake and lose straight off.
Bloom
I don't want to mess around here with my "confusing colorful bullshit" anymore, but you are spot on Bill !!!
I am also hanging around with some EURUSD longs since last week as well as USDCHF shorts. Since end of last week I noticed rise in CHF and hence since yesterday I started to long CHF on all 6 currency pairs. Just open them up all and you'll see pippage there(i think it is over 2k pips now overall).
All entries within 20EMA/50SMA region on H1. Nice and smooth.
Bye,
endy
Okay, I'm going to keep this thread alive. Even if it is about Endy's indicators.
USD/CHF has fallen 800 pips since it crossed the -100.
EUR/USD has risen 1200 pips since it crossed the +100. See the pics below.
And we could almost call them nice little 123's in the bottom window as they push away from those levels. This is definitely one to keep an eye on.I don't want to mess around here with my "confusing colorful bullshit" anymore, but you are spot on Bill !!!
I am also hanging around with some EURUSD longs since last week as well as USDCHF shorts. Since end of last week I noticed rise in CHF and hence since yesterday I started to long CHF on all 6 currency pairs. Just open them up all and you'll see pippage there(i think it is over 2k pips now overall).
All entries within 20EMA/50SMA region on H1. Nice and smooth.
Bye,
endyHey Endy,
Thanks again for the really cool indi! I've been watching it closely and it continues to wow me. When do you decide to exit? At the cross of 100/-100 again or cci?
Happy pipping all,
Exits
Extremely important topic fxdiva, however, there is not much new to say here, really.
All was already covered absolutely perfectly by Pimp's posts.
I can only humbly repeat after him:
1. Fibo's (please see my latest sample here: https://www.mql5.com/en/forum/general).
2. Important MAs and S/R's from higher TFs.
3. And the most important of all: money management.
I am working on EA which incorporates currency strength combined with H1 retracements.
Couple of ideas I'm working with:
Entry is divided into three main positions:
a. when price retraces to level of EMA20 (we are still on H1 here),
b. in the middle of retracement region defined by EMA20 and SMA50,
c. at the level of SMA50 (which is bottom of retracement region).
At point a. I enter with 2 units, at b. I enter with 3 units, at c. I enter with 4 units.
On the way UP, I want to book profit at the level of recent high, then I book some profit on fibo levels above recent high. Then I am left with 1 unit I keep for the rest of the move.
I will do the same at the next retracement.
It is very important to define partial booking of profit (booked pips are in your pocket and noone is going to take them away from you) and also let small part of position for the rest of the move. If you do this strategy on 2 week lasting trend with 4-5 retracements you will be happy like rabbit, won't you?
Ok, enough of my rattling here, I guess you get the picture now.
endy
Hey Endy,
Thanks again for the really cool indi! I've been watching it closely and it continues to wow me. When do you decide to exit? At the cross of 100/-100 again or cci?
Happy pipping all,Okay, I'm going to keep this thread alive. Even if it is about Endy's indicators.
USD/CHF has fallen 800 pips since it crossed the -100.
EUR/USD has risen 1200 pips since it crossed the +100. See the pics below.
And we could almost call them nice little 123's in the bottom window as they push away from those levels. This is definitely one to keep an eye on.Thanks Bill,
we should all look at different indicators out there, and work with the mighty pimp.
one thing i am unclear about is how to get the charts up like yours showuing the cci cross etc
i have loaded the indicators etc and i dont get the charts like you do, can you explain please
Thanks
Paul
Extremely important topic fxdiva, however, there is not much new to say here, really.
All was already covered absolutely perfectly by Pimp's posts.
I can only humbly repeat after him:
1. Fibo's (please see my latest sample here: https://www.mql5.com/en/forum/general).
2. Important MAs and S/R's from higher TFs.
3. And the most important of all: money management.
I am working on EA which incorporates currency strength combined with H1 retracements.
Couple of ideas I'm working with:
Entry is divided into three main positions:
a. when price retraces to level of EMA20 (we are still on H1 here),
b. in the middle of retracement region defined by EMA20 and SMA50,
c. at the level of SMA50 (which is bottom of retracement region).
Okay Endy, thanks for the clarification. I was just wondering if you were including your indi somewhere in the exits.
EA sounds pretty powerful, good luck with your work.
Thanks again and Happy pipping,
hello lady and gents,
if you guyz don't mind, i have a few of questions about endy's strat and pimp's strat
endy, where's the stoploss for ur strat?
i've always been uncomfortable with buying on retracements when price is travelling down..cos i always have a fear that they'll turn out to be reversals instead..
am i missing the point? or do i have a valid concern?
would it be better to enter in the reverse order instead when price is coming up? like from the 50sma 4units, the middle 3units, then the 20ema2units?
fxdiva, just to check
i'm using ibfx as well, and there are a lot of pairs missing, which are needed in endy's indicator
do u just go ahead and use the indicator anyway? or did u switch to another broker?
and just to clarify pimp's strat,
(seniors pls help me out here if zak's busy)
are there a ranks of importance among MAs, TL breaks, chart patterns and the CCI?
like for example, yesterday there was a flat top triangle on the GBPJPY.
there was a downside break but the trend was up, pivots and MAs from 1hr and 4hr were all under price.
so i decided to stay out.
it might have been a bumpy ride, but price still managed to fall right through them a long way
would it have been prudent to ignore the MAs and take the break?
how important is the CCI past 200, a signal not to take a trade?
if i see price break out from the day high or a 15min chart pattern or a major support/resistance level with a nice 1-2-3 on the 5min, but 5min CCIs are past 200
what should i do?
should i look at higher timeframe CCIs and take the trade when they're not past 200?
or should i pass on the trade?
sorry for all the questions
my trading's pretty bad lately, not identifying good setups and taking lousy trades.
need a little clarity and help, thanks!