Rising Sun
Try Alan Hull MA.
Pete
Try Alan Hull MA.
Pete
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DislikedJohnDoe,
Thanks for your input. There are Pro and Cons to both methods. I am going to stick with this one for awhile and we'll see.
PeteIgnored
QuoteDislikedStop outs
Dear Pete,
My brother took the following slope trades and all were stop outs. Did he do anything wrong? Thanks, Lenoxer
Dec. 31 - Stop Outs
07:56 GBPCHF short @ 2.2432
07:57 NZDUSD long @ .7774
07:57 USDCAD short @ .9776
I think it was more a matter of timing on the GBP/CHF..
As to the other pairs few saw that reversal coming, AND here is the biggie.... trading these last days of the year are very hazardous,...... Once the new year gets going things will return to a more normal market...... less big surprises.
So don't lose faith in the system, just us MM and wait for the next signal, and get beck in there.
This is one of the reasons people fail..... they try a new system and it fails for them almost immediately, they then think aw this is junk and move on in search of the next system, it may work for a little while then it gives them a couple losing trades and off they go again in search of.............
NO system will give you 100% winning trades, you must use discipline and STICK to the rules and use good MM. This is how you ultimately win in FX. .... JMHO
PS..... this is a very good, very simple system....... use discipline, MM, and follow the rules.
DislikedI am waiting for the 4hr on some of these to change to get in. If you are following along.
Eur/USD
USD/CHF
USD/CAD
EUR/AUD this one nowhere near
30m chart on the GBP/USDIgnored