Dislikeda recent up move of 81 pips ended at level 13174.
so, a sell is to be taken. but, the extreme candle is over 32 pips in total length. so entering a sell at the low of the extreme candle may be risky. what say you people ?Ignored
Dislikednot really. remember there could be losses too. this method has bad risk reward of 2:1. i dont usually touch anything that is less than 1:1 risk reward. but iam just testing this method out.
you only have to make 1 or 2 losing trades a week to negate any pips you would have made.
e.g you win 3 days in a row. 3 wins, make 15 pips each win, so 45 pips in total. you then have 2 losing trades. thats 30 pips loss on each trade, total 60 pips loss.
overall in the week you would be down -15 pips.
so you need to be careful here, cannot expect...Ignored
Dislikedm30 trend extreme bar was too long, and we'v already had a decent retracement back to the 38 before we hav a new valid m30 TE BAR
the move has already given its pipsIgnored
Dislikedbut you normally enter trade before the m30 extreme bar closes, do you not ? i usually wait for it to close, but yourself you enter once the 81 pips is hit and the m30 retraces a bit then you enter. as per your previous examples.
so why did you not enter immediately this time ? with sl above the high of the extreme m30. if you had entered immediately then you would have got the 10 pips. curious to know why you didnt enter whilst the m30 extreme bar was still forming, like you did in your old trades.Ignored
Dislikedlets see waht happen today
best luck to me and all with this trade
thank you
http://www.forexfactory.com/images/attach/gif.gifeurusd4h3.gif (54.6 KB, 0 views)
http://www.forexfactory.com/images/attach/gif.gifeurusd30m3.gif (52.4 KB, 0 views)Ignored
DislikedWhat do you mean horrible data? I would have thought that the only relevant difference would be that the candles end at difference times between brokers.
When do alpari daily candles end?Ignored
DislikedCouple of screens, crm is ibfx vs ibfx au. Demo only TG
Data very very bad lately. Have been unable to close trades for a few hours. "We are aware of a few little problems" or similar words.
Yea I said hours. TG its only demo, but trashes the testing of systems.
Maybe thats the intent.
cheers scalpzIgnored
Dislikedstopped out - 30 pips.
sorry, this system aint for me. bad risk / reward ratio. in the long run such bad r:r systems dont work out.
i won two trades this week, +10 pips, then +10 pips. now a loss of -30 pips.
so overall down by - 10 pips this week. sorry, not for me. you will lose in the long run with such a bad risk / reward ratio.Ignored
Dislikedstopped out - 30 pips.
sorry, this system aint for me. bad risk / reward ratio. in the long run such bad r:r systems dont work out.
i won two trades this week, +10 pips, then +10 pips. now a loss of -30 pips.
so overall down by - 10 pips this week. sorry, not for me. you will lose in the long run with such a bad risk / reward ratio.Ignored
Dislikedif you have time, show me pictures, i haven't seen a valid trade yet for today.
you need to incorporate win/loss ratio when you think about risk vs. reward.
an yes, different strokes for different folks.
i know a group of successful scalpers, their tp is 1-5 pips, their sl is 10 pips, they win 99%Ignored