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- 15 Results (1 Threads, 14 Replies)
- cwp1979 replied Nov 23, 2012
Wow, another loser this week. Figures that I was hitting about 80% winners demo trading and now am 1 for 4 with real money. Lost about 100 pips this week.
- cwp1979 replied Nov 22, 2012
Silat50, someone broke into my car and stole my weed! j/k I just did my nightly analysis for possible trades and also came up with GBP/USD short as my only trade tonight. We must be on the same page. One thing I wanted to point out is to be wary of ...
- cwp1979 replied Nov 20, 2012
I wouldn't take any of those trades. Somewhere in this thread the7 mentioned that if the signal candle touches both EMA's it's invalid. I believe this is the case for most of your pairs. Beware of a long wick inside of EMA channel. This shows ...
- cwp1979 replied Nov 19, 2012
Great advice!!
- cwp1979 replied Nov 11, 2012
Last week's 11/2/12 GBPUSD trade would have closed on 11/6/12 @ 1.5989 for a 135 pip profit Update for this past week: 11/6/12 buy AUDNZD @ 1.2558 #1. Closed at 1.2604 for 46 pip profit #2. Closed at 1.2588 for 30 pip profit #3. Floating a 186 ...
- cwp1979 replied Nov 7, 2012
So far took winners this week in long AUDNZD and long EURJPY using my entry parameters and setting TP at opposite EMA. That's 5 for 5 winners using those parameters. I'll post all trades this weekend and let you know how my other exit parameters did. ...
- cwp1979 replied Nov 3, 2012
This chart shows the last trade. Down arrow shows entry candle. You could argue that the body might not have been exactly a perfect system candle but I felt it was a good entry so maybe it was a judgement call. Horizontal red line at 1.6062 shows ...
- cwp1979 replied Nov 2, 2012
Sure, I took three trades this week. I am using my parameters of only trading with the trend unless the signal candle is a hammer or engulfing. I am also testing three exits. #1. Close trade on close of day with candle ending above/below opposite ...
- cwp1979 replied Oct 30, 2012
This is what I was talking about in post #502. I will only trade against the trend if I have a strong reversal candle such as an engulfing or hammer. I am using a 30-day SMA to determine the trend. I am currently short GBPUSD from 1.6090 and GBPCHF ...
- cwp1979 replied Oct 28, 2012
I see your point about letting the runners run. I still feel like I need a good reversal candle in order to take a trade against the trend. I see too many examples of short signals in an uptrend that are stopped out the follow day. I think I'll use ...
- cwp1979 replied Oct 28, 2012
My Parameters — After spending some more time reviewing the charts I set some additional parameters for taking trades. My goal is to eliminate some of the false signals and take only high probability trades. I'm not saying this is better than ...
- cwp1979 replied Oct 27, 2012
After reading this entire thread and reviewing some historic charts I have a few thoughts/questions: 1. Has anybody tried closing their trades when the candle body closes outside of the opposite band? For instance, you enter a short position when ...
- FX Options System
If you're looking for a system that works you may be interested in my blog. The purpose of the blog ...
- cwp1979 replied Aug 15, 2008
Thanks, I downloaded it but have some questions. I am trying to implement this for the weekly strategy. -I'm assuming that if I set it on Sunday evening it will base the trade off of Friday's close? Does it set pending buy/sell at +50/-50 pips from ...
- cwp1979 replied Aug 14, 2008
EA for this system — I'll apologize in advance if this question has already been discussed but has anybody created an EA for this system? It seems as though it would be fairly easy to create with the basic parameters. It was also be nice to ...
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