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I like mine the original. For me the more stuff on my charts the more I look like a deer in the head lights. Keep it Simple and Stupid is my biggest help.
This thread is looking great and with lots of folk contributing and adding to it. Keep it up everyone.
Vegas
Quote:
Originally Posted by Pipskateer
In reading this entire thread,........................
Just looks like me as well.....My wife must have sent you the photo...
Yeah....she got it from MY wife....
Ok, doing demo trading now... Just entered a gbpchf long at 2.4424 after 9 pip spread. SMA breached by price after a long downrun, so I'm hoping for a retrace north since the D-Line has just now been breached.... gettin my feet wet on Randy Candy....
G/Chf:
Long @ 2.4424
S/L: 2.4384 (40 pips & below SMA 25)
T/P: 2.4472 (48 pips up to the daily HI)
EDIT: Stopped out for +5 pips
Not bad for a goofed entry from the H1, when I was thinkin M15...lol
U/Jpy:
Short @ 118.90 after SMA breach
S/L: 119.10 (20 pips & above SMA 25)
T/P: 118.66 (24 pips down to 50% Spud Fibo)
EDIT: Stopped out -20 pips
Shoulda been a +10 pip gainer, but went to bed with TP/SL set,
TP was too aggressive for the Asian session me thinks.
E/Jpy:
Short @ 163.02 following good RC Zorro
S/L: 163.42 (40 pips & above SMA 25)
T/P: 162.44 (58 pips @ 50% Spud Fibo)
EDIT: Stopped out -40 pips
This trade was an easy winner had I chose the first fibo
level @ 162.72 for my TP instead of the WAY too aggressive 50% mark.
Sloppy trade mgmt robbed me of good pips on all three of these trades.
__________________
\o/ In Christ Alone!
Pipskateer
Last edited by Pipskateer; 07-31-2007 at 02:31 PM.
Just wanted to reply to your trade questions. As to your trade, look back to my rules and I specifically said to trade WITH the osc, not against it. Very important. In order to trade against it, you must drop down one time frame and reapply all the rules.
I am attaching a screen shot of what you should have been looking for today. Also, I don't know if you actually use your charts zoomed in that far but I suggest you back out at least one. It gives you a better picture of what is going on.
I may start another thread for my system because it really is different to the Randy Candles and I don't want to get people mixed up. I will post for all if I do.
__________________
Change everything till it works!!! Test, test, test... Click here to see my trading... http://letsgetreal.mt4stats.com
I hope you will continue your work on a new thread. It seems to me that this thread is going backwards. I've traded the RC's successfully for several months and have no interest in backtracking. I bought the eurjpy on every pullback today almost exactly as you have shown on your chart. your chart has made the alert candles basically obsolete. I'm not sure why some of the newer posters can't see it. On the other hand.........You can lead a horse to water but
God forbid this thread attracts the Steinitz flunkies.....and others
I'm not sure what you mean when you say this thread is going backwards....Can you explain it little more.
Thanks
Quote:
Originally Posted by summitfx
I hope you will continue your work on a new thread. It seems to me that this thread is going backwards. I've traded the RC's successfully for several months and have no interest in backtracking. I bought the eurjpy on every pullback today almost exactly as you have shown on your chart. your chart has made the alert candles basically obsolete. I'm not sure why some of the newer posters can't see it. On the other hand.........You can lead a horse to water but
God forbid this thread attracts the Steinitz flunkies.....and others
I may start another thread for my system because it really is different to the Randy Candles and I don't want to get people mixed up. I will post for all if I do.
I hope you will continue your work on a new thread. It seems to me that this thread is going backwards. I've traded the RC's successfully for several months and have no interest in backtracking. I bought the eurjpy on every pullback today almost exactly as you have shown on your chart. your chart has made the alert candles basically obsolete. I'm not sure why some of the newer posters can't see it. On the other hand.........You can lead a horse to water but
God forbid this thread attracts the Steinitz flunkies.....and others
Agreed......
I don't even look for alert candles either. What this thread has evolved into (IMHO) is a big improvement over straight RC's.
Color TV made Black&White kinda obsolete.......still works....still helpful.....but obsolete. But, if you never took the time to look at a color TV.....you wouldn't know what you were missing.
I am very happy with the additions of IT and Rads. I have stopped reading other threads and am focusing on the perfection of this method.
Summit: If the Steinitz EA proves that trading a dozen , highly correlated positions, automatically with never-a-stoploss may just , in fact, be hazardous to ones account balance......look out!!! (lol).
I hope you will continue your work on a new thread. It seems to me that this thread is going backwards. I've traded the RC's successfully for several months and have no interest in backtracking. I bought the eurjpy on every pullback today almost exactly as you have shown on your chart. your chart has made the alert candles basically obsolete. I'm not sure why some of the newer posters can't see it. On the other hand.........You can lead a horse to water but
God forbid this thread attracts the Steinitz flunkies.....and others
I agree!
I actually went back to the previous Summit Template (the one with Woody's CCI trigger and I added daily/weekly pivots and s/r). For some reason I am more comfortable and successful with it. It really all depends on the individual, and as stated by others here on the thread, use what works for "you". I like the R/Cs for it's simple look and easy visuals.......
Linear Mode
