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- ultramoe replied Apr 25, 2012
Hi, Your right it's the close of the 9PM(EST) candle so the entry will be based on the close of the 9PM(EST) and not the close of the 5PM(EST) candle. It's sometimes confusing when you have your broker ahead of you by +6/+7 hours. Thanks.
- ultramoe replied Apr 24, 2012
Daily 20 pips — Hi, I've made a youtube video maybe this will help lol video
- ultramoe replied Apr 24, 2012
I do, however it doesn't make a difference anyways. Because my stop is always double my entry. So if I take 1 LOT EUR/USD my stop will be 2 LOT EUR/USD so that will automatically give me a short or long entry depending on my entry.
- ultramoe replied Apr 24, 2012
My Daily 20 PIPS (NO Indicators!!!) — PhilipK, I am so sorry!! I didn't know you posted a question for me regarding the daily 20pips. In the case of a reversal, what I do is I calculate my loss for example: I went long EUR/USD and got stopped ...
- ultramoe replied Mar 30, 2012
Hey thanks for sharing your comments with me. The risk might be high, that I will never deny. However that is why I do the reversal for Break-even, and second of all I use to have this problem where when I first started to trade and would do back ...
- ultramoe replied Mar 30, 2012
95% of the time I make my 20 pips before the close of the 4H 9pm(EST) candle. What I do is I put a OCO (One-Cancels-the-Other) order if again it it hits HOD I go long if it hits LOD I go short. And I check up on it ever 1-2hours. Just to make sure I ...
- ultramoe replied Mar 30, 2012
This means, lets say on the close of the 4H 5pm(EST) the following candle the 9:00pm(EST) candle did no break the LOD/HOD of the 5pm(EST) candle. I will continue with the 4H 1am(EST) and see if it will break the HOD/LOD candle of the 5pm(EST) ...
- ultramoe replied Mar 29, 2012
Hahaha, that's the funniest thing i've read today.
- ultramoe replied Mar 29, 2012
Hi, Okay here's your answers lol: 1. Do you do this every trading day, including bank holidays? Answer: Yes doesn't matter. If it breaks the HOD LOD of the 4H candle it's a trade. 2. If so, do you make your 20 pips a day? Answer:Yes, that's my daily ...
- ultramoe replied Mar 29, 2012
My Daily 20 PIPS (NO Indicators!!!) — Hi all, I'll get to the point right away. I don't use any indicator at all, all what I use is a 4H EUR/USD chart. The way I make my 20 Pips a day is I start with the 5pm(EST) candle stick and let it close. ...
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