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- PistolDave replied May 18, 2016
Winston, thanks for posting your trading methods. Testing out your strategy for only a few weeks now shows me that it is worthwhile and can be profitable. I'm still exploring a few options on how to manage open positions. I have been opening ...
- PistolDave replied Feb 6, 2013
These are the setups I have seen lately. The first one, I shorted and was in profit a minimum of 500 pips at one point. Then price spiked up fast and took me out at BE. The second, I did not take. It was the huge run up that slammed me on the last ...
- PistolDave replied Feb 3, 2013
Summary for the last month: Losses (BE) Wins 1 -430 2 (20) 3 (20) 4 1300 5 (20) 6 (-45) 7 800 8 1000 9 (20) 10 -150 11 (20) 12 -190 13 (0) 14 1100 ------------------------ Loss pips:-770 BE pips: 55 Win pips: 4200 ------------------------- Balance: ...
- PistolDave replied Jan 14, 2013
I'm still long since Jan 9th and I added a little more on that last pullback. I am trading it with the assumption that price will make it to the next major resistance near 160.00 on the chart. I think it will, since it has made a good strong break ...
- PistolDave replied Jan 10, 2013
It has been a great run in the last two days. I'm still in and up about 1300 pips. But price being at the major resistance on the weekly is worth watching. I suspect a retrace will be coming, at least. Still, I'm staying in for a reversal signal on ...
- PistolDave replied Jan 10, 2013
I was short in that same trade that Kos posted on #2602, and I got stopped out about the same price. But I reentered long on the 15m chart even though it was against the 1h trend. I was taking a chance that the 4h trend was resuming. It would have ...
- PistolDave replied Jan 8, 2013
Shorted this break on the 1h chart during the NY session. So far it looks good. The SL is locked at BE now so even if the longer term uptrend kicks in again, I'm safe. What does anyone think about using a 600 pip initial stop, then breakeven after ...
- PistolDave replied Jan 3, 2013
There are three ideas that come to mind for reentry. (Trading long in established uptrend, for example): 1) Watch a lower timeframe than your trade timeframe for HAS to change from one color to the other and then back again. That is, if you are ...
- PistolDave replied Dec 31, 2012
Thanks Kos and other contributors. I caught this nice run on the 15m chart today. Only demo, but I'm still learning. I had to close it because the broker's platform was closing for the New Years Day holiday very soon. Still, over 600 pips so I'm not ...
- PistolDave replied Dec 26, 2012
I took the time to read over the entire thread and understand how it works. I also tried several different indicators that might help give us more of an edge, but I didn't find anything better than the ones we are using. Several months ago, hmaoui ...
- PistolDave replied Mar 19, 2012
Box — Mike, Here is what I think is the box, and how it can be used to enter the trade with low risk. Is this correct? Dave image
- PistolDave replied Mar 19, 2012
AUDCAD daily — 5.25, That is a nice weekly pin, but I'm seeing some strong resistance too. It seems like the 1.0500-1.0550 zone should have held as support when price dropped back to it, but after a few days it broke down strongly. I'm ...
- PistolDave replied Mar 16, 2012
Is it a higher probability setup when price breaks the pin on the next bar, as opposed to when it happens two or more bars later? Example: On the chart, the pin bar (1) is followed by a bullish bar (2) which obviously didn't break through to the ...
- PistolDave replied Mar 15, 2012
EURUSD h4 — I'm looking at going short if price breaks below this h4 pin. Possibly the beginning of another swing down. It looks like a good rejection of the 1.31000 level. Also, the top of the candle has touched the fib 61.8 and 38.2 ...
- PistolDave replied Mar 5, 2012
NZDUSD 15m is testing S2 now: image Went long just above S2
- PistolDave replied Mar 5, 2012
Would this remain a valid trade until the TmaSlope shows a decreasing bar? If price continues to go against the position, what would definitely show it to be a losing trade and time to close out? Thanks. This is AUDJPY Also, the price bars had ...
- PistolDave replied Mar 4, 2012
Here's a visual of the same thing EaglePip said: image
- PistolDave replied Jul 25, 2010
AUDCHF analysis — Big Boss: Since last month's strong bear candle, price has found support in the 0.8850-0.8950 area and bulls have been pushing price higher so far this month. This is the third consecutive month of lower lows, and unless ...
- PistolDave replied Jul 23, 2010
Consider the immediate trend is up on the boss and is in sync with the dominant trend so the odds favor more upside and the countertrend is high-risk. image
- PistolDave replied Jul 19, 2010
Trend determination — Strat, I have been reading the answers you gave No1Optimist a few days ago dealing with how to determine the trend. I also looked at that document he posted that helps to explain the dominant, intermediate, short term, ...