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- LarryDavid replied Jul 28, 2009
Wow, what a thread. Stumbled onto this thread yesterday, and have spent most of today reading through the many pages. There is some fantastic stuff in here. Edge, thanks for setting out, step by step, a simple but incredibly effective trading ...
- LarryDavid replied Jul 23, 2009
Did anyone jump in on this trade? I had to pop out for 20 minutes, and miss the best set up of the day! Inverted hammer, bounce off the daily pivot, and then a signal candle. Typical. Incidentally, this signal, just after the new York open reminds ...
- LarryDavid replied Jul 23, 2009
Hi tick, Great trade, I had to sit through a 6-7 pip drawdown before I saw that doji, and price come back down again. Yours worked out perfectly. In a tight ranging market, I'll take a 80% out at around 10 pips, or wherever there is likely to be ...
- LarryDavid replied Jul 23, 2009
Hi there T4L. yes, there are lots of good traders out there, and the more we can help each other to pick up on little nuances to filter out bad trades, the better. The Force 5 is not a purely mechanical 'set it and forget it' system, you need to use ...
- LarryDavid replied Jul 23, 2009
Hi DD. Great to see a Force 5 old hand come back to the fold! I agree, it's much better to keep this system simple, and to rely on price action as much as possible. I'm really interested to read that you no longer use trendlines. I'm still using ...
- LarryDavid replied Jul 23, 2009
First trade of the day - took a short signal at 1.4225. Risky trade, as the weekly R1 pivot was at 1.4212, so that was my target, with a tight stop. Target eventually hit, I've taken out 80% of the profit, and am now letting the rest ride, with a BE ...
- LarryDavid replied Jul 23, 2009
HI TT, I think that what Forex Jedi meant by redrawing the trendlines, is that once a trendline had been broken, it is no longer valid - so it should be deleted, and replaced with a new one. What I do once a trendline has been broken, is that I keep ...
- LarryDavid replied Jul 22, 2009
tickticker, the difference is easy to spot. A nice doji causes you take a winning trade, whilst an ugly one makes you lose pips
- LarryDavid replied Jul 22, 2009
Hi T4L, yeah, that was a tough call. What I'm starting to look at is price action when I enter a trade. I know this is not strictly in the rules, as ForexJedi only looks at PA for exits. But I'm more inclined to take a trade if I see a nice doji ...
- LarryDavid replied Jul 22, 2009
Yes, I always wait for some form of retracement if there's already been a big move. You can quite often get in at a 40-50% retrace, but I'm not so fussy to try and time it too exactly, as I might miss the rest of the move.
- LarryDavid replied Jul 22, 2009
Here are my current trendlines. I'm not taking a view as to which direction price is likely to take, but given the tight trading range, and the fact that Bernanke is speaking in a couple of hours, they will definitely be broken, so no trades for me ...
- LarryDavid replied Jul 20, 2009
I would be very interested in seeing some more action on this thread. I've been a lurker here on FF for 3 or 4 years, and this is one of the first threads where I think I would actually benefit from posting charts, and being part of a community of ...
- Posts by Member Search: 'LarryDavid'