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- pipz4me replied Jun 3, 2013
"he doesnt wait for confirmation any more and he gave his reasons. Others still want confirmation but still use his ideas" I am sorry but I have no idea what you are talking about, I havent come here looking for anything. I merely offered my own ...
- pipz4me replied Jun 3, 2013
Well I dont want to hijack this thread with how I trade so I wont so any more about what I do apart from saying that I dont use fixed targets and I use very tight stops so I am more often wrong than right. If that's a statistical truth then I am ...
- pipz4me replied Jun 1, 2013
Because there is no certainty in any trade you take and you have to re-evaluate all the time. I take breakeven trades all the time and am very happy with that, but my trading is based on taking very small losses and letting winners run, and run. End ...
- pipz4me replied May 31, 2013
Well really my point is that we should not try and learn trading in a rule based way as the market doesn’t care about rules and any rules based system will have a miniscule edge (if any at all) where only trading it in huge volume makes it ...
- pipz4me replied May 31, 2013
Been a long time since I was last on this thread. Learnt some interesting stuff along the way. One observation I would make is that the more times a level has been touched does not make it an inferior setup, far from it. Its a far better approach to ...
- pipz4me replied Feb 7, 2012
Well its still way short of your target so its a bit early to be sounding smug. I am still completely confused about the relevance of this to any of the content of this thread, who do you have a beef with? I think I will just ignore you from now on.
- pipz4me replied Feb 7, 2012
Try url Just my view on R:R - the first trouble area needs to be approx 1R away from entry for me to consider it. Any less than that and I find it better to leave it and look for other options. This isn't a cast iron rule though - a very high ...
- pipz4me replied Feb 7, 2012
Not really - the first bar that made the low was the SFP bar. The bar that you traded made a new low but from within minor consolidation - there are no previous swing points that its failing. They work sometimes but the strike rate on SFP's with ...
- pipz4me replied Feb 2, 2012
you might as well just flip a coin
- pipz4me replied Feb 2, 2012
You are far more stupid than I gave you credit for. You think you have traded today like The_Wizard teaches it? Go back and read the entire thread, attend the free webinars for a few months and then spend many hundreds of hours on demo chart-time to ...
- pipz4me replied Feb 2, 2012
Not sure where any of this fits in to the strategies discussed on this thread but good luck with it anyway, you will find out quickly enough if there is an edge to it. I would recommend you signing up for Toms free sunday evening webinars which will ...
- pipz4me replied Jan 30, 2012
Hi Wiz, I have followed Toms method for 8 months and looking for setups on the daily levels only is very doable but you need to tweak Toms method slightly (ie the rounded restest on the hourly doesnt need to be rounded on the daily) The strike rate ...
- pipz4me replied Jan 26, 2012
LOL! If you dont run a hedge fund and do a bit of mentoring on the side.........
- pipz4me replied Jan 25, 2012
Quinny With regard to exits this is something you need to work out for yourself. What will help you though is to map the daily chart with support and resistance levels and then observe how price reacts at those levels. These are going to act as both ...
- pipz4me replied Jan 25, 2012
Its happens every once in a while. You generally get some sort of reaction at a level even if its short-lived. No system is perfect.
- pipz4me replied Jan 24, 2012
Hi fxnumen I think you have understood some concepts but the issue is with how you have applied them. Remove everything from the Gold daily chart and then try and identify areas where price highs and lows meet. Try and find the cleanest levels - on ...
- pipz4me replied Jan 24, 2012
Hi Quinny Just some friendly advice - You need to start with stop and exit placement before getting in the trade otherwise you are going to develop some bad habits that will deplete your account and stress you out. Stop needs to be at a point that ...
- pipz4me replied Jan 23, 2012
Hi Quinny Put a line on your charts at 1703 and look at the last 4 touches of it on a daily chart since 29th Nov - nearly 5 touches of which all of them are support last. Price then breaks through it on the 12th Dec and we are now waiting for price ...
- pipz4me replied Sep 14, 2011
Yes thats swing failure pattern, but it certainly didnt fail, look what happened to price in the hours following it.
- pipz4me replied Sep 2, 2011
Well I did some comprehensive analysis of gap trading on Eurusd for 2011 using .5R, 1R and 2R and it doesnt stack. 63%, 46% and 33% win rate respectively (up to 29th August) A fixed stop of 50 ticks actually outperforms the above models but its by ...