- Search Forex Factory
- 43 Results
- SlideDog replied May 19, 2009
morning everyone. A nice addition to thursday's setup on the EURGBP this morning.
- SlideDog replied May 18, 2009
Hear hear. Nice to hear someone else who isn't dreaming of megabucks but just a living. Learnt a valuable lesson this weekend that I hadn't got from demo trading. Had an IB at 3pm on friday which I took. I was only risking 2% but then realised I was ...
- SlideDog replied May 18, 2009
Morning Mate, Had a bullish IB on my offset 4H TF on that pair, just gone to Free Trade. It has strongly broken my downtrend line, but I see S/R at 96.18 or thereabouts so might close there. Also took bearish USDCAD, just gone free trade. Took the ...
- SlideDog replied May 15, 2009
Definition of annoying — Take position Market moves in your favour to very close to free trade Market retraces and knocks you out by one or two pips Market reverses again and moves over what would have been your free trade position. ...
- SlideDog replied May 15, 2009
My word what a good hour this has been. 4h bearish pin IBs on GBPUSD, USDJPY, EURJPY, EURGBP and EURUSD, all of which have moved straight out to free trade. Joy!
- SlideDog replied May 14, 2009
I hadn't considered this consciously as a bias, but I did it anyway in some of my testing - test the method on a market you don't know. Before I started looking at FX trading I didn't have a clue what the historic levels were, other than knowing ...
- SlideDog replied May 14, 2009
One of PC's posts (or it might have been TRT's) was that that this method doesn't lend itself to backtesting, which to my mind also rules out a fully automated EA - at best it is a 'have a look at the chart and see what looks like a worthwhile ...
- SlideDog replied May 13, 2009
a couple of superb setups today - that 1h gravestone IB on the USDJPY was a great one. I extended my risk slightly on that, 4% so a result. Also, triple 1h IBs on the EURUSD - I felt that it was going to break hard one way or another when it did, ...
- SlideDog replied May 12, 2009
Agree entirely. To give you an example, I took two positions this morning, one on GBPUSD, the other on EURGBP. I had a bullish IB on 4H GBPUSD, (I run 2h offset so the 4H opens at 7am BST). As well as taking this, a doji formed on both the 4h and 1h ...
- SlideDog replied May 4, 2009
UK public holiday mate, so all quiet on the market... My 4H offset chart showed an IB doji on USDJPY, took it short (was very slightly green doji, but figured it was more of a reversal signal being at the end of the recend 3-day bullish trend), just ...
- SlideDog replied Apr 30, 2009
Ultimately, I don't think it matters. A 4h candle on one offset will give an IB, another won't. If two different offsets (just as a higher TF) gives contradictory signals, then perhaps one should take caution (or a lower % position). In this case ...
- SlideDog replied Apr 30, 2009
Looks even better if you look at the 4H with an offset (i.e. closed half an hour ago) - strong pin bar:
- SlideDog replied Apr 29, 2009
Great read of the market. These pin bars are great as reinforcement of the IB continuation or reversal. I'm really enjoying the fact that the more I practice trying to 'read' the charts, the more they seem to tell me. As you said it's tempting to ...
- SlideDog replied Apr 29, 2009
yesterday's E-J 4H (1H offset) has just closed as a doji. Possible reversal. This morning's U-J 1H Bearish IB just confirmed by a 4H Bearish IB so taking that. Daily is up but within a downtrend, Weekly is downtrending and well off Support so worth ...
- SlideDog replied Apr 29, 2009
Hi Razor, Just looked at your first journal post and I have to say that your call of using the 4h TF proves much more reliable in testing than the 1h TF. Sure, you often have a higher pip risk, but given that you far less frequently get stopped out ...
- SlideDog replied Apr 13, 2009
But this is the problem that many on this forum seem to have - they are always look for ways to prevent losses from happening. They DO happen - often (probably 30-40% of the time). If you trade this system it's perfectly likely that at some point ...
- SlideDog replied Apr 9, 2009
After the no-discretion step through I did last week, I've started getting to understand a lot more about price action. So after getting Steve Nisons's Candlesticks book I've begun to get a much greater grasp on what the recent activity tells me is ...
- SlideDog replied Apr 7, 2009
I feel like giving myself a big slap. I hadn't thought about this either, and so I thought with the clocks going forward an hour last weekend, I now need to get up an hour earlier. Except I don't - I need to get up an hour later. So I got out of bed ...
- SlideDog replied Apr 7, 2009
Razor, I get the 6AM GMT Candle as bullish, opening at 14681. So I'd I've thought you'd be looking for long on that?
- SlideDog replied Apr 6, 2009
no open IB on GBP USD - I'm short on EURGBP