hello Northpro just quick question. what wave do you think gbpusd is in? I believe it is in wave 5 on daily chart what is your thought
Tras WaveTrade 17 replies
Quoting NorthproDislikedSept 24, 2006
Spread Signal.
GBP/USD
Short
Entry: 8995
Target: 8856
Stop: 9134
Potential 139pips
R/R: 1 to 1
W/L on pair: 71%
NorthproIgnored
Quoting HowManyPipsDislikedNice call Northpro,
Followed this trade and made a decent profit it actually hit 8856 over here at Oanda, and went to about 8853, I was looking at daily support level 3 as a final stop but unfortunately that didn't happen, overall though your right, still bearish so who knows maybe it will still hit where your at. Another question are you ever going to release this system publicly. Because if you do have a model for this system (and ever release a .pdf. or .txt file) I would really like to read it. Thanx
Frank C.Ignored
Quoting NorthproDislikedSept 24, 2006
Spread Signal.
GBP/USD
Short
Entry: 8995
Target: 8856
Stop: 9134
Potential 139pips
R/R: 1 to 1
W/L on pair: 71%
NorthproIgnored
Quoting NorthproDislikedSept. 28, 2006
After flirting very close to our target the pair finally hit.
GBP/USD
Target: 8856 Hit
Gain: +139 pips
Total Sept: +726 pips
Total since start: +801 pips
Things look quiet on Wavetrade for the rest of the week, we'll have to see what later today brings.
NorthproIgnored
Quoting babarmughalDislikedCool Stuff NOrthpro, can you please tell us what sort of indicator/s do you use...?? Please teach us some of your skills..
Thanks
BabarIgnored
Quoting balatDislikedHi Northpro, just popped in today. All looks very interesting. I appreciate that you are using this as a journal, but will you continue to provide stats on your trades on a rolling basis?.
Saying that, as the thread is new I guess I can keep a track of your trades myself. For me personally, targets on a trade have always been a problem so knowing my actual risk/reward on taking a trade has not been possible, this does go against the grain with me but... I have no other options. I don't find Fib extensions too useful.
I will look to take your signals where possible with small size, I just dont like demo trading.
Well, just wanted to say HI, and look forward to following the developement of your method over the coming months.
Continued success
Tony(UK)Ignored
Quoting HowManyPipsDislikedHey Northpro,
When (or if) you calculate average daily range for the pound on this year's past data (2006 only) what number are you getting? I'm getting 139 pips. Seems like a much bigger price range than most of the days I've been seeing latelyIgnored