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Project Spio Trading system & Journal -Deadly accurate


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Project Spio Trading system & Journal -Deadly accurate

  #51 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
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cory View Post
I plot them and this is what I get.


No, you misunderstood.
Reconfigure your Fibonacci,

But you can plot out the 62, 262 and 138 and 268 EMAs

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  #52 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114


rdaune View Post
Hi Nasdin,

Thank you for this interesting thread. By any chance, is it possible to get those indicators for NinajTrader 7?

Thanks.


Hahas, another one.
I have had multiple requests.

Sadly, I do not have this indicator for NinjaTrader.

Nasdin

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  #53 (permalink)
 
forrestang's Avatar
 forrestang 
Chicago IL
 
Experience: None
Platform: Ninja, MT4, Matlab
Broker: CQG, AMP, MB, DTN
Trading: E/U, G/U
Posts: 1,329 since Jun 2010
Thanks Given: 354
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Nasdin94 View Post
No, you misunderstood.
Reconfigure your Fibonacci,

But you can plot out the 62, 262 and 138 and 268 EMAs

I get the same thing.

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  #54 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114


forrestang View Post
I get the same thing.





Your fibonacci, is the main thing here.


I have posted the method on plotting the fibonacci.

Instead of measuring the trend, you measure the retracement as seen here.
In an uptrend, you measure the bearish retracements
In a downtrend, you measure the bullish retracements

Very contradictory to what the gurus teach.

The 161.8
The 200
and the 261.8 are worthy Support/resistance points where you can place trades from or as a TP level.

The 314.2 and 368.2 happens as well if there is a bigger retracement during the trend.
They are probably the 268/200 Fib levels of bigger retracements but are seen as 314.2 and 368.2 of the smaller retracement you measured.

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  #55 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114


forrestang View Post
I get the same thing.


Draw on any retracement you see,
And you'll see this applies to everything.

And if you happen to find retracement projections(I just came up with this term) which confleunces in the same level, then, that's a sharp turning point



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  #56 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114

Journal
I have taken numerous trades today, however I did not post them here mainly because I was rushing to school at the moment.

There were 3 trades
Sell eur/usd X2
Sell nzd/usd

The 2 eur/usd trades ended up with a 60 pips profit
The nzd/usd ended up with a 30 pips profit.

The trades were a mistake.
I need to remind myself to wait for signal to complete or I might have to endure out a negative 40 pips value.
This has happened more than once, always due to emotions and greed.
I should have waited for the trend to finish exhausting first before entering.
However, luck has saved me.

I need to learn to control my emotions, It's been a difficult ride, all these years yet I have not learnt from my mistake, maybe someday, It'll get me, Just one day.

You're always just one trade away from failure. I need to get that in my head.

Nas.

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  #57 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114

I realized that the multiwave X that I had uploaded was not working properly
Here is the fixed one.
I attached Schaff Trend and LRSI because it required them to be in your custom indicators folder in order to work properly.

Note: Multiwave X is a lagging indicator as compared to Multiwave-W
But it works just as well as Multiwave-w and both should be combined so as to filter out trades during a rally or a long wave.

Otherwise, using them individually works pretty well if the market is ranging.
Reminder to self: Always place trades Off Fibonacci levels, FiboPivots or when accompanied with Price Action.

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Elite Membership required to download: MultiWave-X.mq4
Elite Membership required to download: LRSI.mq4
Elite Membership required to download: Schaff Trend.mq4
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  #58 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114

Trade Journal:
26/10/2011

The eur/usd has been ranging lately.
Nevertheless, I have spotted a short trade on the AUD/NZD.
SL: 20 pips
TP 56 pips.
The Fibopivot im using here is a modified one to give longer term support/resistance.
If I were to use the original one, the S1 line should be where the price is at right now. ( I calculated manually using fibonacci)

EUR Cad trade

Just another trade here.


Edit: The AUDNZD isnt going so well at 13 pips loss
The eurcad is doing quite well at 20 pips profit
2. Exited the AUDNZD with a 10 pips loss. My first loss in weeks.
The eurcad trade was exited with a 21 pips profit.

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  #59 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114

I have been scalping 8-20 pips lately but was too lazy to post the trades here since there are too many trades to post.

I have since stopped scalping, ( since I want a life)
And has since moved to the 4h charts since I want to enjoy life and have more free time to myself.

EUR USD is targeting 1.40215.
I have made major sell limit positions around that level.

I have also attached the modified fibopivot.
This modified version is for longer term trading, optimized for 4h.

Attached Files
Elite Membership required to download: FiboPivots2.mq4
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  #60 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114


The EUR/USD is targetting the 1.40125- 1.40215 area.

Until then, I'm buying this pair till it reaches that level.

Overnight, my nzdusd trade was triggered, so is my eur usd trade as well.

40 pips for the eurusd
80 pips for the nzdusd

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