DislikedManually closed the real money trade for about 10 pips profit after news made it slump. Still have it open in the demo account, just to see what would have happened.Ignored

Freebie 1 min trading method 1,221 replies
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Newbie asking a newbie interest rate question: 1 reply
Help adding a filter to the Freebie Indicator 3 replies
evaluate a newbie's system 3 replies
DislikedManually closed the real money trade for about 10 pips profit after news made it slump. Still have it open in the demo account, just to see what would have happened.Ignored
DislikedHi FI,
allow me a question: Your setup there seems not fully according to rules from post 1:
BUY Limit Order
Trade With The Trend
1) ZZ Semafor On BOTTOM
2) ZigZag On BOTTOM
3) Place Buy order at last HIGH (ZZ Semafor Dot) Add Spread if you want.
You only have 3), right. :-)
You dont have a semafor bottom (3ball) or...Ignored
DislikedHy,
I'm new in this trading system.
Is it an opportunity to long direction?
What do you think?
Thanks!Ignored
Disliked
DONT Trade with EMOTIONS!! If your SCARED TO LOSE MONEY....YOUR TOO SCARED TO MAKE MONEY!!
RULES:
SELL Limit Order
Trade With The Trend
1) ZZ Semafor On TOP
2) ZigZag on TOP
3) Place Sell order at last LOW (ZZ Semafor Dot) Add Spread if you want.
SL= Last High(ZZ Semafor Dot BEFORE SIGNAL) You can add Spread if you want.
TP= 1:1-1:4+(risk/reward) or Use Other Pivots(The Daily Range indicator will tell you what pivot to MAX PROFITS)
DONT BE GREEDY!
You place the order once a LOW has been formed which can be seen by the ZZ Dot & ZigZag AND the ZZ indicator & ZigZag indicator starts heading HIGHER. Once order has been filled you can move your SL to the last HIGH ZZ Dot before the entry to reduce your risk even more.
BUY Limit Order
Trade With The Trend
1) ZZ Semafor On BOTTOM
2) ZigZag On BOTTOM
[color=red]3) Place Buy order at last HIGH (ZZ Semafor Dot) Add Spread if you want.
SL= Last Low(ZZ Semafor Dot BEFORE SIGNAL) You can add Spread if you want.
TP= 1:1-1:4+(risk/reward) or Use Other Pivots(The Daily Range indicator will tell you what pivot to MAX PROFITS)
DONT BE GREEDY!
You place the order once a high has been formed which can be seen by the ZZ Dot & ZigZag AND the ZZ indicator & ZigZag indicator starts heading LOWER. Once order has been filled you can move your SL to the last LOW ZZ Dot before the entry to reduce your risk even more.
Ignored
DislikedI think that setup was pretty SIMPLE & STRESS FREE....Did you see it? did you catch it?Ignored
Dislikedhttp://www.forexfactory.com/attachme...1&d=1329904329
hi mr dredding ...where can i get this template ? especially the indicator TREND at the bottom
window ...
the indicator not include at 1st page
thanksIgnored
DislikedHello Dredding82,
Thank you for your simple system. For your 15m trading, which timetrame for trend detection do you use, 1hr, 4hr or daily. thanksIgnored
DislikedHey,
This might be a silly question. Since the ZZ is based on the Elliot Waves (isn't it?), would you say your system is based on the Wave theory?
(Using "based" in the broadest sense of the word)
I am trying to understand the mechanism behind the system and am considering buying a book on wave theory.
Cheers,
DreadTradeIgnored