EURJPY M15 system 80%+ | Page 30 | Forex Factory

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EURJPY M15 system 80%+

  • #581
  • Apr 5, 2018 6:43pm Apr 5, 2018 6:43pm
Quoting tenthman
Ok ... so you don't go by the rules as set forth by Fxmd. I'm not criticising your decision making process ... especially if you were asleep at the time. I just wanted to know how to avoid trade set-ups that are destined to fail. Thanks for everything that you do.
If it so easy, people will make millions.
Intraday only.
  • #582
  • Apr 5, 2018 6:44pm Apr 5, 2018 6:44pm
Quoting navk
{quote} The PA has to retrace for every move up in NY, vice versa. If it does not, then expect resistance or support in Asia/ Frankfurt, London sessions. I learnt this. Unless it is a strong move.
LOL ... ok, thankyou my friend.
  • #583
  • Edited 8:49pm Apr 5, 2018 8:18pm | Edited 8:49pm
In fact, we had 2 Stop Losses..look at the entries where the white arrows are...all based on technique rules and not on sleeping habits ...
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  • #584
  • Apr 5, 2018 8:53pm Apr 5, 2018 8:53pm
Quoting driven18
In fact, we had 2 Stop Losses..look at the entries where the white arrows are...all based on technique rules and not on sleeping habits ... {image}
Wrong. Breakout and Candlestick close outside range must occur.
  • #585
  • Apr 5, 2018 9:01pm Apr 5, 2018 9:01pm
Quoting cfudge
{quote} Wrong. Breakout and Candlestick close outside range must occur.
Wrong. Read the rules on the first page. Buy/Sell if the price breaks(not closes) above/below the range. It broke.
  • #586
  • Apr 5, 2018 11:00pm Apr 5, 2018 11:00pm
Quoting driven18
In fact, we had 2 Stop Losses..look at the entries where the white arrows are...all based on technique rules and not on sleeping habits ... {image}
Someday you will lose. But totally you will be in profit with this system my friend
  • #587
  • Apr 5, 2018 11:29pm Apr 5, 2018 11:29pm
Quoting driven18
{quote} Wrong. Read the rules on the first page. Buy/Sell if the price breaks(not closes) above/below the range. It broke.
I think member cfudge is right. Please look at the third image in post 1.

However, maybe the topic starter can give us clarity about this.
Keep it simple without too many crappy indicators!
  • #588
  • Apr 6, 2018 12:50am Apr 6, 2018 12:50am
" I wait for candle close above level, if it went too far into the TP zone I wait for retracement."

Fxmd - Post#6
  • #589
  • Apr 6, 2018 2:31am Apr 6, 2018 2:31am
Quoting luvene
{quote}I think member cfudge is right. Please look at the third image in post 1. However, maybe the topic starter can give us clarity about this.
Fxmd responded to this question on Page 28, Post 557.

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  • #590
  • Apr 6, 2018 3:05am Apr 6, 2018 3:05am
Quoting eagle85
{quote} Fxmd responded to this question on Page 28, Post 557. //////////
Yes and that's what I was thinking too
Keep it simple without too many crappy indicators!
  • #591
  • Apr 6, 2018 3:24am Apr 6, 2018 3:24am
The system is interesting. But, you need to carefully select the stop loss.
  • #592
  • Apr 9, 2018 2:51am Apr 9, 2018 2:51am
I do not believe that this simple system has a chance of success. It is just 50/50. Personally, I think that if you are going to do breakout trading, it is best to take the last three hours before London opens but even than......it is a kind of gambling trading.

Best is using volatile pairs like a EURJPY, GBPUSD with a reasonable spread. It seems better to me searching possible resistance or support levels and to set a BUYSTP or SELLSTP order.
Keep it simple without too many crappy indicators!
  • #593
  • Apr 9, 2018 3:17am Apr 9, 2018 3:17am
We'll see whether it works or not.
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  • #594
  • Apr 9, 2018 4:01am Apr 9, 2018 4:01am
Two trades i have on, one for 6th April and the other for 9th April. Both are yet to hit t.p or s.l
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  • #595
  • Apr 9, 2018 4:38am Apr 9, 2018 4:38am
Quoting KimKim23
Two trades i have on, one for 6th April and the other for 9th April. Both are yet to hit t.p or s.l{image}
I hope it hits tp. It is seen to hit more upside levels with price action and emas
  • #596
  • Apr 9, 2018 7:48am Apr 9, 2018 7:48am
Quoting luvene
I do not believe that this simple system has a chance of success. It is just 50/50. Personally, I think that if you are going to do breakout trading, it is best to take the last three hours before London opens but even than......it is a kind of gambling trading. Best is using volatile pairs like a EURJPY, GBPUSD with a reasonable spread. It seems better to me searching possible resistance or support levels and to set a BUYSTP or SELLSTP order.
Then don’t trade it, go find one you like.
Grind until you no longer have to introduce yourself. 4:30am club
  • #597
  • Apr 9, 2018 8:09am Apr 9, 2018 8:09am
April 9, 2018
Buy Target 1 hit.
Trade closed.

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  • #598
  • Apr 9, 2018 8:29am Apr 9, 2018 8:29am
I agree with fxmd.

This method does not hit target some days.

This method hits stop loss some days.

This method hits target most of days.

Overall a good method.

Stop loss has to be refiend though.

Excellent risk/reward on monthly basis. Unlike other methods.
Intraday only.
  • #599
  • Apr 9, 2018 9:55am Apr 9, 2018 9:55am
today before and after
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  • #600
  • Apr 9, 2018 10:10am Apr 9, 2018 10:10am
It is very easy to show some good results and the same for bad results I like Breakout trading but I don't understand why the time setting should be between 22.00 - 02.00 GMT. Personally I like the Breakout box 3 hours before London is opening. Good luck everyone, this was my last post
Keep it simple without too many crappy indicators!
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