I never trade fridays. The simple reason for this is that a many big players in Asia and Europe but also in the US dont are allready in the weekend.
zeuzera
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DislikedHello zeuzera
Do you think I can use this strategy on a 15min time frame? Which currencies pair do you think it is most profitable on? Which pair do you think gives the lowest pips range between the high and the low candles?
ThanksIgnored
DislikedHi lissyking.
15min is too much. 5min is ok.
Some traders use 3min.
As i said befor, most of major pairs are profitable. But i dont like USDJPY, GBPJPY and GBPCHF.
zeuzeraIgnored
DislikedHi lissyking.
15min is too much. 5min is ok.
Some traders use 3min.
As i said befor, most of major pairs are profitable. But i dont like USDJPY, GBPJPY and GBPCHF.
zeuzeraIgnored
DislikedHi TraderJSS.
You have to read the rules for this system !!!
Since september we have a too high volatility in GBPUSD.
But you have to take a look on some other pairs.
Here you have a chart on EURUSD with this system:
-in the past two weeks we have only winning trades
(dont trade on Friday, blue in the chart, because most of the players in Europe and also some in the US are allready in the weekend !!!)
zeuzeraIgnored
DislikedThis strategy is effective...just started using it (twice) with good sucess...though on 15m on e/u. If its ok with other major pairs , then beautiful!!!!!!!!!!!Ignored
DislikedHi zykas.
If you are winning with your strategie, dont take care what anybody said !!!
zeuzeraIgnored
DislikedIf I m correct, somewhere on the thread, CTGUY said he uses ONLY the GBP/USD for this system. He wouldn't recommend this for other pairs.Ignored
DislikedHi TraderJSS,
if you are winning, dont care what anybody said !!!
I dont know how could you earn money (since September) with system acording to the rules in the first posting.
Here only one detail:
GBPUSD 15M
watch !!! 8 times stopped in a row !!!
Hello, I think you had wrongly putting buy/sell stop area. The main rule is to set the highest and lowest within 1400-1600 HRS and the stoploss at the opposite order. You also have to set lower TP and not 95pips. I would prefer 10-15 pips to be discpline.
Anyway I am very...Ignored
DislikedHi Zeuzera,
Could you explain more on NR7 or point to where I can learn more about it.
Thanks
TSIgnored
DislikedHi TraderStar.
NR stands for "Narrow Range".
A narrow range candle is simply a candle which has a range from high to low that’s much less than the average past candles. Many traders are tracking NR7 candles. NR7 means the narrowest range of the last seven candels.
With NR we can watch for the "Range Contraction".
So if we have NR7 in combination with ID (inside day), it is a very good setup.
I have learned NR7 from the best trader that i ever saw. It was a very nice girl .
Google it "breakouts of NR7"
zeuzeraIgnored
DislikedI dont know if anyone else took the breakout this morning, however, the range from 1400-1600 was 75 pips, which is relatively small for this pair these days, so I took it and hit +75 pips. Good start to a new year. Good luck to everyone this year.Ignored