Well, we should know after tonight on the near term direction on the Jpy pairs.
- Joined Jul 2011 | Status: Member | 7,781 Posts
If you trade like me, you'll be homeless and broke within a week.
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DislikedWell, we should know after tonight on the near term direction on the Jpy pairs.Ignored
DislikedHi Spyderman,
Nice thread, I've been following with interest for a while.
I have a question regarding your stops. Where did you come up with a 300 pip stop? I've been experimenting with a similar strategy using a 100 pip stop but getting stopped out too often. Thinking of increasing to 250 but wondered if u had done any research to come up with 300. I'm wondering if it may be sensible to look at ATR for each pair I trade and have a different stop loss amount for each pair which moves with current volatility? Any thoughts?
Keep up the good work.
Suntan...Ignored
DislikedHi Spyderman,
I was checking your trade history, and i was wondering why you didn t add a trade on EUR/GBP on 17 january ( check the attachement) ?
best
ToinouIgnored
Dislikedhi spyderman, after i view your trade report, i found out that almost all of the winning trades is with the yen, may i know is this system work best with the yen? it seems doesnt works so good with other currency, may i know is this true?Ignored
Dislikedoh Sorry i didn't see it. I'm not used to Forex factory trade list.
Anyway I will follow carefully this thread it s really interesting.
ToinouIgnored
DislikedWell, this move back on the Yen pairs took out my stops on the Eur and Gbp crosses. Time will tell if that was a blessing or a curse. Up until yesterday I didn't have those stops pulled up to within 300 pips. If it turns out to be a mistake I may have to not trail stops and just move to BE after a big trend establishes itself. Hard to know. Anyways, it banked about 5800 pips.Ignored
DislikedWell, this move back on the Yen pairs took out my stops on the Eur and Gbp crosses. Time will tell if that was a blessing or a curse. Up until yesterday I didn't have those stops pulled up to within 300 pips. If it turns out to be a mistake I may have to not trail stops and just move to BE after a big trend establishes itself. Hard to know. Anyways, it banked about 5800 pips.Ignored
DislikedGreat trading Spyderman! Keep up the excellent work! Here is a little addition to your already proven powerful concept.
Here I took the liberty to add a 128 period EMA (dark blue) for a typical cycle baseline, then added the two Heiken Ashi Smoothed candles, first the 7,22 cross and then the 7,128 cross. It just cleans up the perspective of price during those times of consolidation and helps aid in seeing those turning points a little easier for me. Otherwise, Thanks for your posts!!!
Thanks,
sjcIgnored