DislikedHi,
You might want to also check out the daily 95 pips thread....
http://www.forexfactory.com/showthread.php?t=44246
A similar type of system, with a few refinements.
PeterIgnored
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DislikedHi,
You might want to also check out the daily 95 pips thread....
http://www.forexfactory.com/showthread.php?t=44246
A similar type of system, with a few refinements.
PeterIgnored
DislikedDid you try to implement martingale money management system to this strategy?Ignored
DislikedI sure hope not! Martinagle is the worst money management method that exists today, and people who use it either have blown out their account in the past or will do so in the future.Ignored
DislikedThanks for that indy! It will definitely come in handy for this! :-)
So, to be clear about the strategy, you just look at the high/low with this indy and then set your orders 1 pip above or below the given high/low for the previous day. For example, G/U Daily chart (Ikofx) shows the High as 1.6090 and Low as 1.5830 for 12/30/09. You would set your orders at 1.6091 and 1.5829. Is this correct?Ignored
Dislikedstevewide tell us more it sounds really intresting will you keep on trading this system have you used all the pairs recomended for this trading style ?`
best regardsIgnored
Dislikedstevewide i also got -2 gmt what time is that in the strategy what time do you start also if you only got one lose in that time maybe you can have more in the market than just 7.5 procent of the account ??
best regardsIgnored
Dislikedsteve what time in our time gmt -2 fo you place the orders im not good in translate the usa time?
also you take profit with the spread also so your profit is 10 pips and your stop is 35 regardless what the spread are, you dont take the spread in the 10 pips ?
thanks for your answears it is really intresting hope you doing well if you will im being werry intrested to see and follow you how this strategy is working.
best regardsIgnored
DislikedHi jgadefelth:
I place orders at 5:30 EST which is -2 GMT. Place the indy attached to help you with keeping up with times.
Bad news with this method this morning: woke up to 35 pip losses in Ej and Ucad short, and Gu long for a total of 135 pips; could be bad to trade after a US holiday but trades have been paying during holidays. Ucad loss turned around after touching the stoploss and then paid after my loss....Ignored
DislikedHi jgadefelth:
I place orders at 5:30 EST which is -2 GMT. Place the indy attached to help you with keeping up with times.
Bad news with this method this morning: woke up to 35 pip losses in Ej and Ucad short, and Gu long for a total of 135 pips; could be bad to trade after a US holiday but trades have been paying during holidays. Ucad loss turned around after touching the stoploss and then paid after my loss....Ignored
Dislikedhi,
what indicator would be reccomended to determine if the market is ranging or trending on the daily chartIgnored
DislikedJust in case anyone is interested. The best way to determine whether a daily trend will end is to look at weekly charts supply and demand levels. If daily is heading into a higher time frame SR level then you need to expect a trend reversal. Lagging indicators will get you in too late.
CheersIgnored