GBP/JPY held up throughout the night. I just closed up three orders worth 155 pips.
I hope others caught the same move.
I hope others caught the same move.
Is There Any Simplest Method To Success In Forex? 63 replies
Absolute Simplest KISS Method. Also, how do we measure risk reward? 68 replies
What is the simplest trading strategy out there? 0 replies
Simplest and easiest trading strategy 11 replies
Back to Dow Theory....The Simplest Trading Method, by Thomas Chadwick 19 replies
DislikedNicolas, thanks for posting your system. Which method for calculating 12 SMA do you use (high/low/close/median/etc.)?
All the bestIgnored
DislikedThis method produced 825 pips in the last two days - and there were more pips than that available. The price action wasn't too extraordinary either.
I'm curious to see how it weathers during more turbulent times. But there's little room to doubt that it's an overall winner.
Nicolas, you've done a great favor for the members of the FF community. I hope they're wise enough to pick up on it.
P.S. I would strongly advise that a good exit strategy be developed. I simply closed out my trades while they were in a good position. You don't want to see a 200 pip gain dwindle back down to 50 - at least I don't.Ignored
DislikedA question-it seems to work even better if you trade as PRICE goes thru the 32's...any opinions?
And staying in a trade until the MACD crosses does seem to really helpIgnored
DislikedI'm curious to see how it weathers during more turbulent times. But there's little room to doubt that it's an overall winner.
Nicolas, you've done a great favor for the members of the FF community. I hope they're wise enough to pick up on it.
P.S. I would strongly advise that a good exit strategy be developed. I simply closed out my trades while they were in a good position. You don't want to see a 200 pip gain dwindle back down to 50 - at least I don't.Ignored
Dislikedhey guys,
i am creating a team to monitor the GBP/JPY around the clock. if you are interested send me a PM. with your name e-mail and the time zome in witch you live. and from what time to what time you are available to monitor the pair.Ignored
Dislikedcheck for september - october and the beginning of november 2006 it was a hell of turbulence.
i have to say that but sometimes a position will go down about 150 PIPs before it wins so you'll have to put a 200 PIP stop loss. and if you want to add a target point let it be at a minimm of 200 PIP coz you don't want to risk more than you can win in a trade.
you can use fibo numbers for targets as per vegas method. 144 - 233 - 377
if you insist on adding a SL and a TP these can be an idea you can adopt but it is better to close and reverse with the trend change.
i'll see the past result and try to developp a good exit strategy for target points. it will take a while before i post them here so be patient.Ignored
Dislikedcheck for september - october and the beginning of november 2006 it was a hell of turbulence.
Ignored