Hi Nina, and all.
400000 wow that is a lot of lookers nina
Nina, i am just starting to do what you sugested in post #3883 and do a little statistics gathering, mostly for my own information about how this method works, and to try and workout the best strategy to maximise profit.
to start i am only looking at level one entries, with targets as you sugested to be 15pips 20, 25, 30, 40, 45, 50. also using a 34pip stop loss.
I am going to record the date and time of entry on which pair, whether buy or sell and price entered, next is to record whether targets1 thru 7 (T1-T7) are hit, also the max favourable effect of the trade and the max negative effect of the trade.
the only thing i am a bit stuck on and would like some input about ? i was thinking if i was in a trade and price goes against the trade and crosses the 50line in the opposite direction and we get a candle open on the opposite side of the 50line with a confirming stepMAstoch signal the first trade should be closed without letting it hit the stoploss if it hasn't allready, and reopen a new position in the new direction. Would you think that this is the appropriate course of action in this situation.
Also, 1 more question, if price goes thru the 50 line and a new bar or candle opens above (buy) or below (sell) but the stepMAstoch hasn't yet changed but it does by the time that candle closes, we can still enter the trade at the opening of the 2nd candle after the crosss? or do we just let that trade pass?

I am at the moment only going back to the 1st of april till now with the stats,and have only started with euro once that is done will do gbp and then will move on to chf.
I cant wait to see the results as i think it will show just how profitable this method can be if you employ the right strategy.
cheers for now
Geoff

Hello,

Nice pips indeed!

Hi

Geoffro,

I have some suggestion. the month April06 was totally different than Feb 06 it was range bound market not trendy like in April. so conclusion on the basis of only April months trade will be different if you analyse Feb Trades.

But March was a mix of both.

This was my input. You may goahead the way you want

Hi NINA
I congratulate to you for 400000 views and your comment is truly.
As you said we need:
Focus, discipline and patient.

__________________
health & wealth , success & happiness

Hi, Geoff!

Thank you for your work.

Of course. Lets say, price crosses up EMA50 and new bar opens above EMA50 with Hist_StepMA_Stoch in green. You take the trade. Then price goes up a few pips and reverses, crosses down EMA50 without hitting stop of 34 pips and new bar opens below EMA50 with Hist_StepMA_Stoch now in red without hitting neither 34 pips stop. You should close your long trade and open a short one. Do it like this now in order to have your work done.

To open a trade you need an opening above/below EMA50 with Hist_StepMA_Stoch in green (long) or red (short). If that happens at the third bar, it is ok as long as the gap between EMA50 and opening is less than 21 pips. When is more than 20 pips, you can also take the trade, but you should know that the trade is riskier.

Nina

Check out post 3433 --

Quote (from Nina):

I would not post my real time trades because:

a: this is not a game.
b: I do not want people to follow my trades. I do know how much I can lose.
c: This is not a signal service.

This forum is for sharing.
This forum is for learning.
This forum is for students.
This forum is for teachers.
Every student is a potential teacher.
Every teacher is a potential student.
Sharing on this forum is 100% voluntary.
People share on this forum what they want and when they want.
Everybody on this forum has the right to make a request.
Everybody on this forum has the right to not answer a request.
In a forum where there is sharing going on respect for each other is paramount.
Participating on this forum is a priviledge not a right.

cheers

Hi Kiwigold and All,

I think the decision to post your trades live or not should be left up to the individual. Those that can handle the extra work, and feel like they would like to post their trades, should by all means do so. We thank them all!

Besides, I think CatFX50 has matured and not everybody is a home-spun 'n green newbie. There are those that would feel comfortable posting in real time, and wouldn't sweat it. We are all different!

moneyline

Does anyone have monthly histotical range data for FX majors? I saw it one day on a major brokerage website, can't recall that one.

I think we might be coming into ranging markets at summer time - less volatility, not much trending and pretty slack performance in pips. Brokers going on holidays? What do you think?

Hi
I made some screenshots for summer from 02 to 05. At least in GBPUSD it does not look like there are no trends.

Attached Images

	cable_summer_02.gif (14.0 KB, 91 views)
	cable_summer_03.gif (15.4 KB, 69 views)
	cable_summer_04.gif (15.9 KB, 63 views)
	cable_summer_05.gif (14.5 KB, 68 views)