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- PistolDave replied Sep 14, 2016
Nice call.
- PistolDave replied Aug 9, 2016
Honestly, no, I didn't pay much attention to that. I basically just took the entries and exits according to the other rules. Another mistake I made. No wonder I have trouble making money. I can see now that learning to avoid the sideways ...
- PistolDave replied Aug 9, 2016
On my charts, it was 17 wins, 13 losses. I had the win rate wrong when I posted earlier. I thought it was 65% to 70% but it looks closer to 57% on the GBPUSD during the time period. The average win was around 130 pips and average loss was about 60 ...
- PistolDave replied Aug 9, 2016
I wanted to mention some backtesting results that should interest everyone here. I recently completed backtests on GBPUSD from July 31 2015 to July 31 2016 (260 trading days) first using the original rules, another test using a two bar trailing stop ...
- PistolDave replied Aug 4, 2016
Bk8, thanks for sharing your trading method. I'm exploring some possibilities for taking partial profits at the BB middle line, outer bands, and following the trend. Also looking at a few ways of trailing the stop to protect profits with the least ...
- PistolDave replied May 18, 2016
Winston, thanks for posting your trading methods. Testing out your strategy for only a few weeks now shows me that it is worthwhile and can be profitable. I'm still exploring a few options on how to manage open positions. I have been opening ...
- PistolDave replied Apr 21, 2013
Good to see that some guys are still active. I am still doing well with the system. Some days and weeks are better than others, of course. The main thing to learn is that there are going to be whipsaws and all the other stuff, but if you are patient ...
- PistolDave replied Mar 2, 2013
Wow. Only seven posts in five days. Not long ago there were 10-30 posts every day. The mods have really thrown this thread on the trash heap by moving it to commercial. I assume that this is their method of killing off a thread instead of just ...
- PistolDave replied Feb 26, 2013
I hope the thread doesn't die out. But if it does I'm going to keep trading the system anyway, with or without an ea. In fact, I have never used any of the ea's that everyone is using. I am only using the MPBM of Steve Hopwood to manage the position ...
- PistolDave replied Feb 23, 2013
I think the admin is mistaken in thinking that this thread is promoting anything commercially. I have sent a complaint to them and tried to convince them of that fact. I don't know if it will help, but I hate to see the thread stuck here in the ...
- PistolDave replied Feb 6, 2013
These are the setups I have seen lately. The first one, I shorted and was in profit a minimum of 500 pips at one point. Then price spiked up fast and took me out at BE. The second, I did not take. It was the huge run up that slammed me on the last ...
- PistolDave replied Feb 3, 2013
Hi Dud, I was very fortunate to be able to catch some of the bigger swings this month. To answer #2 above, I started out with 0.02 lots per pair, then after three or four trades I raised it to 0.03 per pair, then after a few more, to 0.04 and this ...
- PistolDave replied Feb 3, 2013
Summary for the last month: Losses (BE) Wins 1 -430 2 (20) 3 (20) 4 1300 5 (20) 6 (-45) 7 800 8 1000 9 (20) 10 -150 11 (20) 12 -190 13 (0) 14 1100 ------------------------ Loss pips:-770 BE pips: 55 Win pips: 4200 ------------------------- Balance: ...
- PistolDave replied Jan 21, 2013
Does anyone have any ideas about how to determine when to buy the basket of 14 and reverse the EG and EU - or when to buy and not reverse the two pairs? The same question applies to selling. How can you tell when to sell the basket with the GC and ...
- PistolDave replied Jan 14, 2013
This is the first thing I saw posted on FF news that might affect the market that way: url It really shook out a lot of traders, but if the trend is changing we will just follow it the other way and still do just fine.
- PistolDave commented Jan 14, 2013
Yep. The middle finger.
- PistolDave replied Jan 14, 2013
Well, maybe I spoke too soon. The news, or whatever it was, just took me out at BE on the last position. I went ahead and closed out with about 1300 pip gain. I'm OK with that. I'll stand aside for awhile and see what happens. Dave
- PistolDave replied Jan 14, 2013
I'm still long since Jan 9th and I added a little more on that last pullback. I am trading it with the assumption that price will make it to the next major resistance near 160.00 on the chart. I think it will, since it has made a good strong break ...
- PistolDave replied Jan 12, 2013
Thanks, kos. I agree. There are a lot of traders who use the major S/R levels as zones to buy or sell. Sometimes price can either break through or reverse there in a very strong way. Sometimes a trend change may also happen at these levels. ...
- PistolDave replied Jan 10, 2013
It has been a great run in the last two days. I'm still in and up about 1300 pips. But price being at the major resistance on the weekly is worth watching. I suspect a retrace will be coming, at least. Still, I'm staying in for a reversal signal on ...