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- ForexIdiot replied Nov 11, 2013
What is the difference between the templates ultimatepms15.tpl and UltimatePMS.tpl? When should I use which? Thank you.
- ForexIdiot replied Mar 20, 2013
I'm still by page 15, so maybe I haven't read enough to be posting yet. Anyway, this is a trade I just took based on what I read in those pages. I believe it followed the rules, but would appreciate your comments. TY.
- ForexIdiot replied Jun 14, 2012
As I recall, that trade was a looser.
- ForexIdiot replied Jun 14, 2012
Hi Frenchie! All 3 were present at trade time. 1) ZZ Semaphore on bottom: if you look at the chart, you'll see the red dot where the buy stop was placed. If you follow the zigzag line that goes down and to the lkeft from the red dot, you'll see it ...
- ForexIdiot replied Jun 12, 2012
EurGbp — Just placed this trade right now. I haven't been able to find the clear signals I found last week, or it was too late when I finally spotted them. Let's see what happens with this one...
- ForexIdiot replied Jun 12, 2012
The test trade is currently 19.5 up...
- ForexIdiot replied Jun 8, 2012
Manually closed the real money trade for about 10 pips profit after news made it slump. Still have it open in the demo account, just to see what would have happened.
- ForexIdiot replied Jun 8, 2012
Stopped out for a gain of 105.3 pips, when news caused the E/J to drop like a flying typewriter.
- ForexIdiot replied Jun 7, 2012
The 3 level ZZ repaints after a while, so don't look at it after the fact because it will seem perfect. Repaint is not an issue for this BOLOSO strategy though.
- ForexIdiot replied Jun 7, 2012
Welcome, LT! Grats on your consistent monthly success! I am actually looking to go long on the G/U if breaks 1.5600.
- ForexIdiot replied Jun 7, 2012
Lol, Esser... I just started again like 2 days ago and am not sure that all the trades I've taken actually met the rules on page 1. Once I am comfortable that I understand the system, then I'll start keeping track. If I were to guess, I'd say I'm ...
- ForexIdiot replied Jun 7, 2012
Look right in this website. There's a tab up there that says 'calendar'. It has a schedule of the news releases for the week, the time they will be released, the currency most likely affected by it, and a color (green, yellow or red) to represent ...
- ForexIdiot replied Jun 7, 2012
Well, I would have taken the same trades you took if I'd been awake at that time. Our trades were going fine. However, since Bernanke spoke before Congress 15 minutes ago, the Eur and Usd have dropped like a ton of bricks. The Usd seems to be ...
- ForexIdiot replied Jun 7, 2012
Ok, these are my personal comments. Keep in mind that I am learning this strategy alongside you and that I did not start this thread, so don't take anything herein as gospel. E/U: I looked at the H1 and H4 charts going back a few hours, as I do not ...
- ForexIdiot replied Jun 7, 2012
The rules don't provide any guidance other than to suggest you choose something anywhere between 1:1 to 1:4. I usually set a target profit of 1:4, which is pretty unrealistic, IMO, and then a TS to see how far up it can go. Ideally, with a big ...
- ForexIdiot replied Jun 7, 2012
UsdJpy — This is the trade I placed with real money, risking all of $8.36 if I get maximum SL. Trade is still going, currently 40.3 pips in the money. Using a TS of 66.6 pips which kicks in once the trade has gone 66.6 pips in the green, so I ...
- ForexIdiot replied Jun 7, 2012
EurJpy — Trade still going, 228.5 pips in the money. Using a larger TS of 124.2 pips. Current SL is 105.3 pips in the money.
- ForexIdiot replied Jun 7, 2012
AudUsd — Stopped out for a profit of 28 pips while I was sleeping. Then turned around and kept going up. Another case of too tight a TS.
- ForexIdiot replied Jun 6, 2012
Right. The SL you can set at the zz semaphore (dot) marking the swing low right before the zz semaphore (dot) at which you placed your order. Or, if you are more conservative, at the zz semaphore connected by the zigzag line to your entry semaphore.
- ForexIdiot replied Jun 6, 2012
First trade with real money — I am a few pips away from making my first trade using this system with real money (1 micro lot). This is the setup I am watching on the U/J. Update: I am in @ 79.304.