new day, new candle..good luck
My Fix Plan: SL 20 pips & TP 5 pips 4 replies
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I lose 40 pips and win 6 to 10 pips... 17 replies
FXKRED system about 200 pips Daily on GBPJPY 189 replies
spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be 6 replies
DislikedHello FF (me first post after anoonimusly lurking over a year)
I thought I would chime in here since I found this stratagy very interesting. Usually I don't pay much attention to the G/J. I would like to point out that I found an interesting correlation to the intended positions and daily PvPt's. Just some preliminary observations mind you, I plan to research the correlation more thourouly. I'm trying this out on a demo to see what happens. For info on what I'm refering to look here, http://www.forexfactory.com/showpost...01&postcount=1
The Long position (a winner) was between the PP and R1 for today, infact I modified my position, Entry @ 192.37 after it was +32 to SL +1, then took half @ +33, the TP for the rest was set to the R1 @ 193.14. After going to +58 it retraced to +8, then went back up to the TP (to the pip) for +77, so the +50 should have hit for everyone and then some.
The Sell postition almost exactly stradled the S2 (this was what I noticed first actually) which in my limited understanding would have made it a very improbable succesful trade. I then looked at some of the days when folks got stopped out and notice that those positions were almost exactly straddling a S/R area. In other words these positions were counting on a break and run of the S/R to hit the TP.
Just an observation for now, I intend to keep looking at this. Wonder if anyone else here has noticed something similar?
Happy trading allIgnored
DislikedHello Contactit ,yes i know about that ...(The other point to remember is that your SL could still be hit before the your profit is realised), it is only a theory ,but if you cann explain to my your sheed so I know..about that 50 pips TP ..it is from start trade or from HI/LO last day ...and ST 30 pips from start trade or hi/lo......to please ..and thank you ...Ignored