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- Edźwin replied Jan 6, 2011
Thanks for quick reply, I also move stop-loss to break even point after 10-15 pips in plus, but more often I close my trades between 15 and 30 pips, first off because the time frame I use is quite low, secondly my maximum stop-loss is 15 pips (so ...
- Edźwin replied Jan 6, 2011
I personally concentrate only on m15 and EURUSD, and I'd like to aks you a question: how do you determine your TP level? becasue for me this is the key-factor to be profitable in this business.
- Edźwin replied Jan 5, 2011
Finally, I've been checking your thread everyday in hope to find some new valuable informations, so good to know you are still alive and see you back on track
- Edźwin replied Dec 30, 2010
It's not really my name what is more there is no such a name in Poland, but my sister used to misrepresent my real name (which is Edward) in this way, in regard to pronunciation of "Edźwin", I think "edge"-"vin" is the closest in sound, not ...
- Edźwin replied Dec 28, 2010
I added your thread to my favourites because price action is what I like the most and that's why I'm waiting for more (and more and more keep up the good work
- Edźwin replied Aug 26, 2010
indeed, very helpful article, I'll try to not think about my previous losses, your thread improved my trading style significiantly and only psychology issues keeps me from becoming a successful trader,
- Edźwin replied Aug 16, 2010
tunera can you tell sth more about a pattern which gives you the basis to think that the move will go on much far from your initial take profit goal? btw your stats on myfx are impressive
- Edźwin replied Aug 16, 2010
thanks for sharing, simple and effective this is what I like the most, cheers
- Edźwin replied Jul 20, 2010
As I've metioned before, be careful near round numbers and be aware of sr levels from higher tfs and from m15 mainly when market is ranging. You can also add fibs and pivots to your chart certainly it won't hurt simplicity of this system. image
- Edźwin replied Jul 20, 2010
I meant opening hours of London and NY stock exchange (GMT +2:00).
- Edźwin replied Jul 20, 2010
We need the first candle's high/low to be above/below the sma5.
- Edźwin replied Jul 20, 2010
Stop-loss shouldn't exceed 30 pips. Stop-loss can be placed on a few different levels, everything depends on the risk one want to take: 1. above/below the sma5, 2. above/below the first candle the move starts from, 3. above/below the second candle, ...
- Edźwin replied Jul 16, 2010
Countex there is nothing to elaborate on, rule is simple: between two following candles and horizontal line must appear a gap. Correct me if I'm wrong but it probably won't work on higher tfs or on other sort of breakouts. From higher tfs I take ...
- Edźwin replied Jul 16, 2010
Hello again It's time for my next author's idea (I won't create new thread because of the low intrest in my first concept). As previous one, it isn't based on any idicator or other satan's instruments because I'm a confirmed follower of simplicity ...
- Edźwin's M15 system - proverbial construction of flail :)
Hi everyone I'd like to share concept of my system, the idea of it came upon me few days ago so it ...
- Edźwin replied Jul 12, 2010
thanks for quick reply, you resolved my all doubts, cheers
- Edźwin replied Jul 12, 2010
I'm aware of that, but this doesn't explain why I have diffrent indications in separate windows, both with the same setup, for now I can point only one difference between them, MTF bar indicator in the first window is from template and h4 is at the ...
- Edźwin replied Jul 12, 2010
MTF gives me diffirent indications on the same time frame (m15), for example today since 7 o'clock on the first window I got 4 arrows down - 7.15, 8.00, 15.15, 17.15 (GMT + 2:00), on the second window I have 4 arrows (3 down, 1 up) - 8.00, 15.15, ...
- Edźwin replied Jul 10, 2010
I always wait for a retrace to the sma5. When market is ranging it allows me to restrict losses and SL can be smaller. From my overview in most cases we get better entry position. With drawing trendlines, there is always one problem for me, I see ...
- Edźwin replied Jul 8, 2010
Hello everybody I'd like to share my variation on the PM Forex Strategy, maybe someone will be intrested. I use it on m5. Trades are not opened at the open of third candle but when the price goes back to sma5, so it can happen at the third candle or ...
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