Disliked{quote} Thank you. Another question: If you are with one or more baskets in a winning situation, when do you exit ? Do you have a daily target ?Ignored
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Disliked{quote} Thank you. Another question: If you are with one or more baskets in a winning situation, when do you exit ? Do you have a daily target ?Ignored
Disliked{quote} YES even if it is 4 i will.i take all trades as the signals comesIgnored
Disliked{quote} having a target is not a good thing in pro trading because it puts you under pressure and some time you overstretch a market because you want to meet target.secondly,market are not always the same every day so i only take what the market gives to me for the day.if my trade plans line up i trade.for my exit of profit i will take about itIgnored
Disliked{quote} first of all thanks Mjyoung and other contributors for the great thread have a question regarding rule #4: am i understending rule #4 correctly? - first find weak (strong) currency (slave or master) - at least 4 of 7 pairs of slave (or master) currency must have percent change above (below) 0.1 (-0.1) - all these pairs must be 10 pips above (below) daily open line picture taken at 10 45 GMT today EUR basket: sell EA, EC, EN, EG, EU explanation: - EUR weak (slave) - other currencies in EUR basket are not slaves (it doesn't matter if these...Ignored
DislikedSince explanations are a bit confusing here for many or a bit more and some here play the secretive kind role i will post simple 2 rules at the base of this strategy which i can say is not a bad ideea to follow at all,also is in fact the main rule to manage your entry decision based on currency strength when you use this as indicator in your trading. The add with rule daily pips since open and daily change % since open can save your ass from problems you might not know to manage like retraces ,pullbacks,rejections.So if you base your entries into...Ignored
DislikedSince explanations are a bit confusing here for many or a bit more and some here play the secretive kind role i will post simple 2 rules at the base of this strategy which i can say is not a bad ideea to follow at all,also is in fact the main rule to manage your entry decision based on currency strength when you use this as indicator in your trading. The add with rule daily pips since open and daily change % since open can save your ass from problems you might not know to manage like retraces ,pullbacks,rejections... {image} {image}Ignored
Disliked{quote} Thanks for the info Husky....was curious what the math equation for calculating base and quote percentages? Thanks.Ignored
Disliked{quote} Please go to: https://www.forexfactory.com/showthread.php?p=9750862#post9750862Ignored
DislikedSince explanations are a bit confusing here for many or a bit more and some here play the secretive kind role i will post simple 2 rules at the base of this strategy which i can say is not a bad ideea to follow at all,also is in fact the main rule to manage your entry decision based on currency strength when you use this as indicator in your trading. The add with rule daily pips since open and daily change % since open can save your ass from problems you might not know to manage like retraces ,pullbacks,rejections.So if you base your entries into...Ignored
Disliked{quote} I want to thank you this clear explanation. But let me ask you, in the CAD example rule 4 is met and we can't get EURCAD trade because it's risky because (daily pips limit done), but what about USDCAD. In agreement with rule 4 I think we could get a USDCAD sell trade. What do you think? thank you, your help is really usefull TONIIgnored
DislikedHow about you tell us your secrets and don't just post pictures of your profits every day?Ignored
DislikedJPY Moved More than daily average. It's time to return. The market is going to deceive. The show is still bullish. If the London market. It was going to continue ascending. But in the US market is the opposite. This is not a secret. This is the recognition of market behavior. And there is a need for 1 - system selection (all systems are good, all systems have weaknesses) 2 - no change system 3 - practice and practice. 4 - Trust System {image} {image} {image}Ignored