DislikedHi Paulus:
Always a pleasure to see you on the threads, I hope everything is going well with you and looking forward to your thoughts. Take care.
JimIgnored
Thanks Jim thats a nice thing to say I appreciate it
Paulus
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DislikedHi Paulus:
Always a pleasure to see you on the threads, I hope everything is going well with you and looking forward to your thoughts. Take care.
JimIgnored
DislikedYEEEEEEEEEEEEEEES, my first trade live account with you Tony, maybe 80 pips seems a bit shortIgnored
DislikedExample :
Fibonacci sequence : 1 1 2 3 5 8 13 21 34 55 89 144
Daily open ( green line ) = 1.20000
Daily open + 34 pips = 1.20340 = first line above daily open
Daily open - 34 pips = 1.19660 = first line below daily open
Daily open + 55 pips = 1.20550 = second line above daily open
Daily open - 55 pips = 1.19450 = second line below daily open
and so onIgnored
DislikedHi alfanzereii,
Good observation, the power of number sequence eh !
Paulus, This method of trading is well documented, there is a guy in the U.K. selling a system based on the London open, he uses Ma's, misses most of the move.
This method is more robust, look back to a few of my earlier post's for more info.
Regards,
BabeFXIgnored
QuoteDislikedthe chart explains it very well - initial direction - JUMP ON THE TRAIN with 2 pip SL... then reduce to 0 progressively
QuoteDislikedHi alfanzereii,
Good observation, the power of number sequence eh !
QuoteDislikedBy the way, how can you guys manage stoploss with 0.5 or 1.5 pip, if one whole pip (1.0 pip) is the least amount of pips to be adjusted? So if you entered on 1.2900 with SL on 1.2898, you can move you SL on 1.2899, but not on 1.2898.5. True?
DislikedThat's because tony's and my broker also is a five digit broker and if I have a trade at 1.29000 and a SL at 1.28980 , I can move my SL to 1.28985Ignored
DislikedThe hardest is to wait, to be patient and not close your trade with TP like 40 pips......
Now +70 pips...who knows.... even if it hits the SL, itīs a 0SL.....Ignored
Disliked1. What % do you initially risk? I normally put 2% on the table... which I did this morning and now my account is up almost 80%!!!!!! Is 2% too risky for this type of trading?
2. Does anyone move their stop to bag a couple of pips? Say for example, our current trade is up almost 80 pips... so I figure if it reverses from here all the way back to entry I may as well put a couple in the bank ready for the next trade. I don't mean trailing the stop or messing with Tony's TP - just say 2 pips in the bank ready for next trade? Any thoughts?Ignored
DislikedTony great work
Couple of questions
1. Are you no longer waiting for a 8 pip move?
2. The 2 pip stop includes the spread?
THANKSIgnored
DislikedHi Fourx,
I know you directed this at Tony but I thought I would help if I can... the answer to your first question is no. Entry is in the direction of the first 5 second candle at open. If it is up you go long if it is down you short.
The second question I think is a yes. That is why Tony is trading the Euro on Oanda as it is only 0.9 pips spread.
Cheers!
DanIgnored