DislikedJogjatrader,
Jogja,
It seems apparent now that this system of yours doesn't have any losses!
My trading account was at $69 and I was desperate to find a way to get this market working for me.
Since discovering you, Jogjatrader, my account has shot up from $69 two days ago, to a little bit over $110 now!!
I made 13 pips today. I saw that the market was below the 20% william range and that a reversal top was forming at the 2.0325 - 2.0322 area for the gbp/usd, so I sold market at 2.0323 and got out at on an exit at 2.0306 level for 13 pip profit(including the 4 pip spread for the gbp/usd). So, the 13 pips was my total profit after the 4 pip spread. So, whenever I say that I made 14 pips or 12 pips, I mean to say that this is the total "profit" I've made from the actual trade(which doesn't include the 4 pip spread).
Mind you, this trade occured a DAY BEFORE "Non-Farm Payroll" news which comes out at 7:30am Central Time here in the state of Missouri.
Friday morning, I will not trade. I will just watch to take note to see if the actual trade develops before the Non Farm Payroll news. If the trade does occur, I will just stay out of the market, and make a mental note that even on the day of Non-Farm Payroll, a trade setup is still possible.
Thanks for your help jogjatrader.
peace,
CurrencyTraderIgnored
I'm going to show you one.
The Down Arrow on the chart I'm posting is the only retest of a high that qualifies under his rules. Its the only one that meets the description you gave of your trade.
It would have been in profit only 6 pips before turning up and being stopped out. It got stopped out where the X is marked.
It would have been a loser under any of the rule variations he has posted.
The high marked with the X couldn't have been traded short because it exceeded the daily high by more than 4 or 5 pips.