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Attachments: GBPJPY Daily Trend Method
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GBPJPY Daily Trend Method

Quoting Dreamliner
That's the one that just closed; you mean you'll put an order in for the 7:00-7:30 bar?
No...I really did mean the 6:30-7:00 bar's closing price. It's the exact same as the morning trade.

Michael
Quoting MichaelLee_8
No...I really did mean the 6:30-7:00 bar's closing price. It's the exact same as the morning trade.

Michael
But you wrote that at about 7:15. How could you put an order in for the bar that closed at 7:00?
Quoting Dreamliner
But you wrote that at about 7:15. How could you put an order in for the bar that closed at 7:00?
I'm not in the trade yet. I just put a "pending buy stop" order for 133.98 with a stop at 132.93 and a take profit at 135.23
Hi: I just came across this method an I am a newbie, but I went back and looked at all last week and todays trade and each time there was a trade which I think there were 3 trades last week and today's trade and each trade got stopped out. Is that correct.

Thanks
Darvin
Quoting darvin
Hi: I just came across this method an I am a newbie, but I went back and looked at all last week and todays trade and each time there was a trade which I think there were 3 trades last week and today's trade and each trade got stopped out. Is that correct.

Thanks
Darvin
Hey Darvin,

Nice to see you here. The first two trades of the May were stopped out. The next two were winners. Today's trade was stopped out. Total May pips: -50
Traders,

I was just taken into the market for the 7:00pm trade.
Quoting MichaelLee_8
I'm not in the trade yet. I just put a "pending buy stop" order for 133.98 with a stop at 132.93 and a take profit at 135.23
Ah, now I understand what you are saying. I'm kinda dense, helps to clap out the syllables for me!
Quoting Dreamliner
Ah, now I understand what you are saying. I'm kinda dense, helps to clap out the syllables for me!
LoL!!
The 7:00PM EST trade Total May Pips= 118
Guys i have tried this method on the 4 hour charts with good results, no timing required, just make sure the indicators line up. SL & TP are last significant S & R.
Quoting Cosmo
Guys i have tried this method on the 4 hour charts with good results, no timing required, just make sure the indicators line up. SL & TP are last significant S & R.
Hey Cosmo,

Thanks for looking into my method. What you are proposing seems a bit different than what we are doing here. Would you mind defining "good results" for us?

Michael
Quoting MichaelLee_8
The 7:00PM EST trade Total May Pips= 118
This trade has not hit either take profit or stop loss, we are still in this trade.

Entry was at 134.02.
Low after that has been 133.11
High has been 134.82

Is this your calculation too? (Give or take a few pips)
Quoting Dreamliner
This trade has not hit either take profit or stop loss, we are still in this trade.

Entry was at 134.02.
Low after that has been 133.11
High has been 134.82

Is this your calculation too? (Give or take a few pips)
That's funny I was just about to comment. You're talking about the trade from 7pm last night correct?

I'm a little sea sick from watching the price action on that trade. We stay in the trade until the SL or TP is hit. Although, we may look to change that in the future, that's the way I back tested it.

Michael
Good morning traders! I'm currently back testing 5:00AM EST to see if it's a lucrative time to implement this method. I'm done with May, June, and July of 2009. The results aren't looking very good but I'll keep you all updated.

Watching Indiana Jones and the Temple of Doom. It's crackin me up!
Quoting MichaelLee_8
That's funny I was just about to comment. You're talking about the trade from 7pm last night correct?

I'm a little sea sick from watching the price action on that trade. We stay in the trade until the SL or TP is hit. Although, we may look to change that in the future, that's the way I back tested it.

Michael
Yes, that was the trade I am talking about. I just noticed you posted this: "The 7:00PM EST trade Total May Pips= 118"

So I was responding that this trade has not hit take profit or stop loss.
I was talking about the Total number of pips for May. Not last nights trade.
Quoting MichaelLee_8
I was talking about the Total number of pips for May. Not last nights trade.
Oh *clap* I *clap* un *clap* der *clap* stand *clap* now *clap*
Less than 30 minutes until trade time
Good morning,
It seems a trade is on its way!
Yep....It certainly seems that way.
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