Thread: Arts journal of adventure and discovery

Originally Posted by ;

to bad I do not have so much time babysitting all day.

Should you use MT4 simply set up an email alert so that you don't have to babysit. My machine emails me whenever the 12EMA has crossed the 28EMA. After I get the email I then open up the charts and decide whether or not to trade.

Originally Posted by ;

I'm going to bed, so I'm tightening SL's and placing TP's for both:
USDCHF - SL moved to 1.2300 and TP @ 1.2355
EURUSD - SL moved to 1.2823 and TP @ 1.2775

USDCHF TP and exit hit @ 1.2355 ( 83) - Total for this comprehensive transaction: 105

EURUSD trade remains open. I've moved SL to 1.2815. Thus far 35 30 has been netted by the 2 TP's.

Cheers,
Art...

G'day all,

USDJPY commerce obtained:

Short @ 116.35.
SL is @ 116.67.
TP1 @ 116.25
TP2 depart @ 115.95. (I will trail stop and not depart completely if I'm at the PC if/when it gets near to the price)

Cheers,
Art...

Originally Posted by ;

G'day all,
USDJPY trade obtained:
Short @ 116.35.
SL is @ 116.67.
TP1 @ 116.25
TP2 depart @ 115.95. (I will trail stop and not depart completely if I am at the PC if/when it gets close to this price)
Cheers,
Art...

Forget this trade. It isn't a valid 5/12 and RSI cross entry because the RSI has not crossed and closed below 50 yet.

Rather than delete that I thought I would just explain it.

Cheers,
Art...

I was just going to ask.

Art, are you trading the 30 minutes or 1 hour charts?

Originally Posted by ;

Forget this transaction. It isn't a legitimate 5/12 and RSI cross entry since the RSI hasn't crossed and closed under 50 yet.

Rather than delete that I thought I'd simply explain it.

Cheers,
Art...

Hello Art,

How about putting a sell stop at 116.20? I'd imagine by that time, the RSI(21) must have crossed 50. Of course, the first TP will be the tunnel. Only a thought!

Ken

Originally Posted by ;

Art, are you currently trading the 30 min or 1 hour charts?

1hr charts only. However, I do look at 4hr and daily just to get a mention for where current price is in relation to the bigger picture.

Cheers,
Art...

Hi Ken,

Originally Posted by ;

Hi Art,
How about Placing a sell stop at 116.20? I would imagine by that time, the RSI(21) should have crossed 50. Of course, the first TP is going to be the tunnel. Just a thought!
Ken

Nope. One of my criteria is that the 5/12 cross and RSI(21) cross happen with a few bars of each other. Also, I won't open a commerce based on merely one of the signals. Taking a trade because an event should happen is a dangerous game to playwith.

Cheers,
Art...

G'day all,

Looking at past moves of euro thru the vegas tunnel, I am not confident it will have the ability to break and continue towards remaing TP's. That is why I shall take TP2 @ 1.2840 ( 30) and depart the final lot receptive, just incase.

I will do the same with USDCHF, taking 2 lots @ 1.2283 ( 11 net), leaving one lot moving and open SL to 1.2252.

I may be incorrect, but it does not matter.

Cheers,
Art...