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- spmaon replied Apr 9, 2009
For exit strategy i'd suggest that we just move the stoploss at the next support/resistance for buy/sell. Either use fractal or your S&R indicator would do you good. Or for those who are bold enough just put your TP 3 times than your risk as ...
- spmaon replied Feb 16, 2009
Many thanks Dave....it works perfectly.
- spmaon replied Feb 15, 2009
Guys, how do you guys make the price appear at the fibo lvl? sorry for this basics thing....
- spmaon replied Feb 8, 2009
I don't really need it but just post it some else might need it. I'm trading the daily...we can see it is obvious that any ma style can make money...
- spmaon replied Feb 8, 2009
I don't trade this system yet but i can see that using the 80 ema high/low may not be a bad idea. I'd suggest that we go the simplest way which is the most recent support/resistance. I can see that sometime price tend to retest the ema, so having ...
- spmaon replied Feb 8, 2009
That is exactly what i meant. Over filtering will only complicated our trading. In my view this method almost complete. If we could devise our SL and TP in a more systematic without changing or adding the method that would be the best.
- spmaon replied Feb 8, 2009
anyone for daily? — I just wonder if this thing works on the daily TF. From the past data it looks promising. I can't use 1 hr TF so often due to my work schedule.
- spmaon replied Feb 8, 2009
let it be — Just a suggestion... Just let it be plain and simple. You don't have to modify anything with this method. Risk/reward are very good since it kept our trade with a very tight SL. If you lost a trade don't change the method just ...
- spmaon replied Jan 13, 2009
Still holding now. Right now it is 100+ as of 0630 hrs. i can't trade lower than 4 hr or daily. Too busy to monitor. i still facing some risk though around 90 pips... I enter at almost the break of 12.1.09 daily candle and my SL is 10 pip higher ...
- spmaon replied Jan 13, 2009
sorry bro, What is your time frame? Is it 5 min? It very hard to see it since i short the E/U so i'd like to see it more clear on how you enter the trade.
- spmaon replied Jan 12, 2009
Just another thought on Fibo. To me fibo just provide us some guidelines on POSSIBLE support or resistance. Nobody really knew how the price shall react over those lines. As Sham has highlighted you'll find different fibo level at different time ...
- spmaon replied Jan 6, 2009
hehehe...lucky me. Got into this trade..still holding it with open TP. SL put at +10 just incase.
- spmaon replied Jan 4, 2009
market blues — Not really keen to trade today. Gonna wait a few more days to see the action. Waiting for good setup for long in UJ.
- spmaon replied Jan 1, 2009
intended to be swing trader — I like to use daily and 4 hr TF and mainly using MA and breakout. Assumming that i normally hold my trade for a few days and targeting for an early reversed swing then maybe i'm. Pls share your chart here and we ...
- spmaon replied Jan 1, 2009
It is ok i already made a lot in Dec. Basically i lost just a small portion of my equity. Anyway money is still money. It is still hurt when we lost the trade. But as you said it Sham it is a tuition fee..lol.
- spmaon replied Dec 31, 2008
Emm...i get out early on this trade at lost 160++. This is due to a divergence of MACD in 4 hr TF. Well it is a crazy trade in this late year....
- spmaon replied Dec 31, 2008
Hi all, I agree with you 100% it just that i dont look at forex as a car. I look at it like a woman. Beautiful, breath taking but at the same time it can snap your money without you even knowing (margin call...lol). Yeah discipline is everything, ...
- spmaon replied Dec 31, 2008
new but old..... — Hi all, I've been here quite a long time but not an active member in term of posting. Hope that i can be welcome as family here. To sham, This is a good thread keep it up. I'd like to learn more from you and maybe to meet ...
- spmaon replied Sep 22, 2008
wiseman — Dear all, Many of you are discussing wiseman 1 entry and exit. FYI in the book they didn't mention that this is a divine rules that we have to follow. As a start i'd like to suggest that we start with wiseman 3. Once you have master ...
- spmaon replied Jun 17, 2008
reading material — Dear all, I've found something interesting regarding inside bar topic when 'googling'. It is closely related with what you guys have done. just click the link below. Don't worry this is purely reading materials, I didn't ...