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- Wamo replied Jan 18, 2013
Hmm I missed your earlier post with the trade. I already took my profit at S1, so I will watch how you play this and maybe learn something.
- Wamo replied Jan 18, 2013
I took +24 pips off of Cable. Bounced off of the daily pivot along with all the trimmings. Look at all those red arrows on the dashboard. I closed at S1, but there could be more pips there.
- Wamo replied Jan 17, 2013
Yeah, the Euro (EU & EJ) is retracing now as well. I might consider a long if we get a good signal soon, but we are up at the ATR and pivots, so probably not. My guess is the Euro longs are done for the day. But I resist the urge to form an opinion ...
- Wamo replied Jan 16, 2013
I'm on NY time, and I have a daytime job, so trading the London session can be sleep-depriving. I have devised a means to trade it without staying up in the wee hours watching bars paint (or paint dry, same thing). I keep my trading station running ...
- Wamo replied Jan 16, 2013
Ahh yes, that was an awesome trade. I didn't even look at EJ as I am trying to focus on one pair for this test. Excellent result!
- Wamo replied Jan 16, 2013
Hello Traders, Thanks for this system and this thread! I am testing it in demo like many others. Here's a trade on E/U I have in progress. I know the trade is counter to the trend of the last day or two but I took it because I knew I would be ...
- Wamo replied Jan 12, 2013
MT4 can be a pain for moving SLs and TPs, however somewhere along the way I picked up these two scripts (attached) that make it so much easier. Once you install the scripts, just drag the script named "ASL Set-Move" onto your chart where you want ...
- Wamo replied Jan 8, 2013
That sounds useful, thanks for putting in the effort!
- Wamo replied Sep 12, 2011
I'm glad you have a positive trade locked in. I would have never taken that trade, however, because the CZ has already been "used and abused". Good one for you though.
- Wamo replied Sep 11, 2011
This week, I plan to continue testing the Stairstep System to evaluate its expectancy. I know that for any system to be profitable over the long term it must have a positive expectancy. So, I will continue my testing by looking at only around two ...
- Wamo replied Sep 9, 2011
FxH, in your picture, the arrow is on the open of the candle following the two consecutive closes above the buffer line. Isn't that exactly where it should be - close of second candle = open of third? Edit: nevermind, I see you noted it now.
- Wamo replied Sep 8, 2011
It is probably just a Fib indicator with the expansion levels modified to be even hundreds.
- Wamo replied Sep 8, 2011
Bary, I'm no senior when it comes to trading this system, but I will tell you what I did. I have noted FxH's comments about not having too many CZs, so I decided that I wanted an average of two CZs per week, for each pair that I am monitoring. I ...
- Wamo replied Sep 7, 2011
No worries, and thanks a ton for sharing your method. I will be sure to include a chart when I post about an entry from now on. I don't have any questions about that trade as it worked exactly according to plan. You have described your method in ...
- Wamo replied Sep 7, 2011
FxH, I have read the entire thread and I believe I took a trade by the rules. See the chart below, where I entered on the bar indicated by the black line. Two consecutive closes above the upper buffer line. Perhaps this example does not fall under ...
- Wamo replied Sep 7, 2011
That is the SNB pegging the Franc to 1.20 Euros.
- Wamo replied Sep 7, 2011
RoelsMajor, I took the same trade and closed with 53 pips profit as price entered the previous small area of congestion just above your blue pivot. My first trade testing this system.
- Wamo replied Feb 25, 2011
GU ND on M5 & M15
- Wamo replied Feb 24, 2011
Here's Alpari-US (not that you asked for that one)
- Wamo replied Feb 24, 2011
EU is finally starting to pay off, after hours of nursing that trade through the late US and early Asian session as it tested and retested 1.38.