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  • #501
  • Apr 24, 2020 3:19am Apr 24, 2020 3:19am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-sbM1.png Size: 45 KB


This was a trade where I was targeting the previous day low. You'll notice that it didn't quite make it.

I got out after a bar closed above the channel. It shouldn't be closing above the channel if it's going to keep going down, so I could smell a rat.

Sometimes you'll find price initially goes in your favour but then turns. Don't be afraid to take a few pips if so. In the end I only took 7 pips from the move but I was happy with how I managed it.
  • #502
  • Apr 24, 2020 3:51am Apr 24, 2020 3:51am
So far so good on Oil. Have also scalped EurUsd, EurJpy, Cable and GbpJpy this morning. All targets were previous days low.

Really nice little system you have put together. Much appreciated Laura!

Will carry on trading small lots and updating when possible.
Attached Image (click to enlarge)
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  • #503
  • Apr 24, 2020 3:59am Apr 24, 2020 3:59am
did well on usdcad

Attached Image (click to enlarge)
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  • #504
  • Apr 24, 2020 4:01am Apr 24, 2020 4:01am
This was a trade where I was targeting the previous day low. You'll notice that it didn't quite make it. I got out after a bar closed above the channel. It shouldn't be closing above the channel if it's going to keep going down, so I could smell a rat. Sometimes you'll find price initially goes in your favour but then turns. Don't be afraid to take a few pips if so. In the end I only took 7 pips from the move but I was happy with how I managed it.[/quote]


Thanks. Useful tip to know.
  • #505
  • Apr 24, 2020 4:04am Apr 24, 2020 4:04am
Quoting optitrader
did well on usdcad {image}
Well done
  • #506
  • Apr 24, 2020 4:09am Apr 24, 2020 4:09am
watching for a channel failure on GJ, the CompRSI <30
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.jpg Size: 195 KB
  • #507
  • Apr 24, 2020 4:12am Apr 24, 2020 4:12am
Set-up on CHFJPY M5. I've decided against it as it's at the ADR low which as shown seems to be pretty solid support and it's consolidating.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.png Size: 108 KB
  • #508
  • Apr 24, 2020 4:29am Apr 24, 2020 4:29am
What timeframes are people having more success with 1m, 5m or 15m? Ive mostly used th 15, had a few good trades, a couple bad ones, just tried on a 5m chart, lost the trade but I think in theory it was a better a trade, it made more sense.
  • #509
  • Apr 24, 2020 4:34am Apr 24, 2020 4:34am
Quoting SidneyMagal
What timeframes are people having more success with 1m, 5m or 15m? Ive mostly used th 15, had a few good trades, a couple bad ones, just tried on a 5m chart, lost the trade but I think in theory it was a better a trade, it made more sense.
M5 on trades where ADR is lower and M1 for those where it's higher for me personally
  • #510
  • Apr 24, 2020 5:25am Apr 24, 2020 5:25am
Anyone else in Gold long, it's ranging like a nightmare!
  • #511
  • Apr 24, 2020 5:34am Apr 24, 2020 5:34am
EU 5min Short
Tp at Yesterday Low 1.07560
Attached Image
Be Greedy
Dices Return This Week: na
  • #512
  • Apr 24, 2020 5:43am Apr 24, 2020 5:43am
Quoting AKCodingEye
EU 5min Short Tp at Yesterday Low 1.07560 {image}
It didn't work out. StopLoss hit.
Be Greedy
Dices Return This Week: na
  • #513
  • Apr 24, 2020 5:45am Apr 24, 2020 5:45am
Quoting james.trades
Anyone else in Gold long, it's ranging like a nightmare!
I've been in for a little while. Looks like it might finally break out.
  • #514
  • Apr 24, 2020 5:48am Apr 24, 2020 5:48am
EU against the flow again
nice spike to exit
cheers
Attached Image (click to enlarge)
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  • #515
  • Apr 24, 2020 5:50am Apr 24, 2020 5:50am
Quoting LauraT
{quote} I've been in for a little while. Looks like it might finally break out.
Yeah agreed, taking its time. What's your target?
  • #516
  • Apr 24, 2020 5:55am Apr 24, 2020 5:55am
Quoting james.trades
{quote} Yeah agreed, taking its time. What's your target?
yesterday's high is a logical target but i'll be guided by the price action - i've taken partial profits so watching and waiting now
  • #517
  • Apr 24, 2020 5:58am Apr 24, 2020 5:58am
Closed Gold. 1729.4 up to 1735.02. Just in profit for the day now after a EURNZD trade turned north. Any input welcome on that one (charts attached)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZD BEFORE.png Size: 117 KB
Click to Enlarge Name: eurnzd after.png Size: 118 KB
  • #518
  • Apr 24, 2020 6:02am Apr 24, 2020 6:02am
Exciting news folks!

The talented and selfless hanover has offered to help develop tools to make the roadmap easier to trade and/or trades easier to find.

The beta version of the first tool is here https://www.forexfactory.com/showthread.php?t=994835

Enjoy
  • #519
  • Apr 24, 2020 6:14am Apr 24, 2020 6:14am
This strategy is so robust it can be traded in many ways and for the scalpers among you, this may be of interest.
I am totally in awe of Laura and how she can achieve the massive, long held trades that she does but my temperament is different and I enjoy lots of quick in and out trades.
This morning has not been the easiest but I have still achieved 1% so far on extremely conservative (for me!) settings.
I use .001% of balance for my lotsize for FX and a bit higher for indices. And I use the globaltrademanager to TP at .02% of balance. I close the ones I don't like manually as I base it on the PA rather than a fixed SL.
The individual profit amounts may seem paltry to begin with but they add up incredibly quickly and, if you do the sums, 1%/day compounded can turn into a very nice living.
The timings are GMT+2.
Attached Image (click to enlarge)
Click to Enlarge Name: statement.jpg Size: 434 KB
Attached File(s)
File Type: mq4 GlobalCloseManagerv2.mq4   4 KB | 675 downloads
  • #520
  • Apr 24, 2020 6:24am Apr 24, 2020 6:24am
Hi LauraT, do you sometimes hedge your trades if they go against you or do just set the sl?
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