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  #81 (permalink)  
Old 05-11-2006, 07:12 AM
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Quote:
Originally Posted by moneyline
Hi ValeoFX,

Your two postings above caught my attention. I've hear the GBP/USD is a very active pair. I don't know if that is what translates as "volatility." (but I suspect it is!)

Am I correct to assume the XO system should be traded in more active markets, such as the London and early NY sessions?

I've been reading this forum for some time and gathering information that will one day become part of my "gut feeling."

Thanks for your help Valeo, much appreciated!

moneyline
I see you can already trust that "gut-feeling" of yours. Yes, I only trade London and NY. Best wishes and thank you for hanging in there with us.
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  #82 (permalink)  
Old 05-11-2006, 07:42 AM
Ant Ant is offline
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Quote:
Originally Posted by Dan S
There were some beautiful signals in early asian session today.

Short cable made me +38 and long u/j +6 (following the exit rules this trade would give more than +50, but I took the +6 since I was scared to be in another chop )
Hi Dan,
Great stuff.
I guess this means that the best signals are to be on market opens, Asian, Euro and NY as well as maybe news announcement time.
I still will look for something in the CCI perhaps to confirm 'chop' time.
Has anyone tried out the Step Choppy bars v1.1 to maybe help? I don;t like to complicate a nice system with too many indicators but it might be a reference...just a thought. I will put them on and see if they help in times of chop.( I notice that they do a sort of correction up to 3 bars back so maybe not good to use as a lead indicator)
Cheers
Ant

Last edited by Ant; 05-11-2006 at 07:44 AM.
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  #83 (permalink)  
Old 05-11-2006, 08:25 AM
Ant Ant is offline
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USDCHF 15 min Demo trade

Hi
I took a demo trade Long from 2253
The CCI has already reached 250 and I am +20.
I will stay in this trade a bit longer as it is demo but I think in a live trade I would be happy with 20 pips. I will wait for XO to give a red on the 5 min and then exit.
Cheers
Ant

UPDATE re the above trade

I got out at 2280 10.3 bar (I had 2 red bars ) +27
Attached Images
File Type: gif usdchf.gif (11.9 KB, 709 views)

Last edited by Ant; 05-11-2006 at 08:38 AM.
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  #84 (permalink)  
Old 05-11-2006, 08:32 AM
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USDJPY Demo Trade

I had a long signal here at 111.42

Trade UPDATE out at 111.29 -13
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File Type: gif usdjpy.gif (13.1 KB, 570 views)

Last edited by Ant; 05-11-2006 at 09:45 AM.
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  #85 (permalink)  
Old 05-11-2006, 09:39 AM
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I dont know guys. Its getting frustrating.
I see alot of whipsaws. Sure there are great signals.
But there is alot of whipsaw too.

Just look at cable 5 min and 15 min.
You get chopped a bloody nose. Same on usd/jpy.
And there is volatility.
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  #86 (permalink)  
Old 05-11-2006, 09:49 AM
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I will switch to 15 min now also.
And took the short u/j signal.

EDIT:
The u/j trade I think I screwed up.
No asctrend signal and cci is still positive.

Last edited by Dan S; 05-11-2006 at 09:58 AM.
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  #87 (permalink)  
Old 05-11-2006, 10:56 AM
Ant Ant is offline
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Quote:
Originally Posted by Dan S
I will switch to 15 min now also.
And took the short u/j signal.

EDIT:
The u/j trade I think I screwed up.
No asctrend signal and cci is still positive.
u/j still looking ok
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  #88 (permalink)  
Old 05-11-2006, 10:59 AM
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Yes, we got asctrend now and cci dips a little below 0.
But the trade was premature.
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  #89 (permalink)  
Old 05-11-2006, 11:36 AM
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Quote:
Originally Posted by Dan S
I dont know guys. Its getting frustrating.
I see alot of whipsaws. Sure there are great signals.
But there is alot of whipsaw too.

Just look at cable 5 min and 15 min.
You get chopped a bloody nose. Same on usd/jpy.
And there is volatility.
Dan, I was also frustrated this morning! I have added the Hist_StepMA_Stoch_KV1_ex_02_with filters onto a second 5m chart last week already and it helped a lot. Still not perfect as you can see from this morning's GBP/USD trade. However, it kept me out of most of the trouble. On top of that I open a 1-m chart with the "XO-method" (I post it here as well for everyone's perusal and comments), which helped me stay out during the choppy times.

Let us add and subtract to what we have until we are in agreement that it is good enough for anyone to trade and be successful.

The announcement was a bit of a deterent, but look what happenend if it is in the right direction and if you obey the "XO-method" on the 5-m chart.

Please guys (and dolls ) be honest and let us work this out together.

Wishing you all LONG pockets and SHORT arms.
Attached Images
File Type: gif xo-1_minute_chart.gif (40.9 KB, 714 views)
File Type: gif tsd_filter to xo_method.gif (24.0 KB, 710 views)
Attached Files
File Type: mq4 Hist_StepMA_Stoch_KV1_Ex_02_with Filterlevels.mq4 (5.8 KB, 315 views)
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  #90 (permalink)  
Old 05-11-2006, 11:39 AM
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Quote:
Originally Posted by Ant
Hi
I took a demo trade Long from 2253
The CCI has already reached 250 and I am +20.
I will stay in this trade a bit longer as it is demo but I think in a live trade I would be happy with 20 pips. I will wait for XO to give a red on the 5 min and then exit.
Cheers
Ant

UPDATE re the above trade

I got out at 2280 10.3 bar (I had 2 red bars ) +27
Ant, please read my latest post and get back to me, if you will! Thank you for your diligence. Much appreciated.
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"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
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