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- begbrook replied Sep 8, 2010
50/50 pin bars no edge? — if a set up works 50/50 then you do have an edge...if you follow sensible MM.You can make money with set ups that work much less than that. But back to pins. First not all pins etc are equal...read Pring...myself i ...
- begbrook replied Aug 27, 2009
shilko use the system for entries the exits per the system are simply maths...they are not nec realistic! check the s/r use ur own exits based on what u see and what makes sense use an ea and u will have well...avg losses and profits use ur ...
- begbrook replied Aug 27, 2009
5 min is very very short...day trading stuff
- begbrook replied Aug 27, 2009
hardsmoker...why do u care its falling trend is down end of whats the support whats the resistance thats all u need to know to make money according to me
- begbrook replied Aug 27, 2009
red cabb — so how much do u depend on fundies? not crit etc...just asking cos for me fundies mean nothing cos already in rice by time I see it.. are fundies helpful?
- begbrook replied Aug 27, 2009
hardsmoker — I trade daily fx charts its free and well works for me ok put it this way ...Im gmt... so I get up 1 am in the morning have to check thier their charts but i am am making money :
- begbrook replied Aug 27, 2009
feel I need to soften the last post by me... I feel way too many people are looking for a magic system...they copy and they think they will make money. the holy grail. all i can say ive not found it- so dont think it exists -been trading a few years ...
- begbrook replied Aug 27, 2009
this ... the time thing...has been asked time and again.Not just on this thread...its always a huge problem! I spreadbet so dont use the normal platforms...so all I did is backtest what i understood on my platform and found what worked.- yep takes ...
- begbrook replied Aug 27, 2009
Plan-b jacko has already told you. Its a ranging market ie: its bouncing from upper trendline to lower trendline. hes already said where his last entry and exit was so you have a good idea of which trendlines hes using.- in this ranging market Im ...
- begbrook replied Aug 24, 2009
yes the short should have set from this morning ?
- begbrook replied Aug 24, 2009
There you go ...thats basically what Ace said ...so now you have two people who have backetested and found x3 to be probably the best weekly target and Im very tempted to let this week run problem is most wont bother backtesting ( and they should ...
- begbrook replied Aug 24, 2009
its straight forward geribosi and not really a variation on the basic system all the system is doing is giving you a bias for the market for the week. and it seems to work from what I traded and from my backtesting. however i am trading for income ...
- begbrook replied Aug 24, 2009
nasir my point was if I were trading this system for the first time this week I would not have set the long..yet They would now be in profit...and happy bunnies
- begbrook replied Aug 24, 2009
there you have it ace has the stats - tp3 is fairly safe 4x is less likely but if you wait it will be profitable I have been trading a while now - years not months - and admit I have seen in the past a good profit evaporate while waiting for things ...
- begbrook replied Aug 24, 2009
geribosi I think you misunderstand me ... I use the all the same rules using the 4 hour box but check it every day and eliminate any trade i think is high risk or unlikely the people who say follow the system are right fiddle with it and at some ...
- begbrook replied Aug 24, 2009
nasir i think if you trade then you will have to accept the 1 pip miss now and then as an individual you are up against some of the brightest brains money can buy - and programs for that matter. if you are using sensible money management by trading ...
- begbrook replied Aug 24, 2009
geribosi I can see you profit target 15360 so would you take profits there or stick to the rules and hold for x3 or x4 ?
- begbrook replied Aug 24, 2009
you have a good point there - risking 1-2% it wont matter either way and you will be abiding by sensible money management.
- begbrook replied Aug 24, 2009
I am using this system but on a daily basis. a week is way out of my comfort zone. yes i understand my risk etc is mutiplied....and i may miss the massive move... my goal is consistant profits not drawdowns and then a huge profit. anyway from ...
- begbrook replied Aug 24, 2009
shiko why did you take the long? what were the realistic targets? not crit just asking