Valid Buy Signal For Today
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Thanks Mr. Joseph for sharing this trading strategy... i will say I’m the ‘biggest gainer’ here, because i have made well over 800pips (and over 900pips floating profits) since the 8th of may. (When I started using this strategy) i have been trading for well over a year now, but this is the ‘simplest and most profitable’ strategy so far for me. Thanks again.
Keep on going and never stop to study
be patient ,trust yourself and let the profits run; you should forgive your trades once you’re in. Sit on your hands.Don’t get unconfident if you take 1,2,3,4 SL in a row or just one big SL, because if you will always searching for the opportunity you will find it and you will recover all with interest
{quote} If you are asking yourself why I don’t answer your questions, it’s because As I said in this post, i’ll don’t explain it anymore. Sorry guys. I feel stupid to write the same thing over and over again
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
{quote} Thought provoking questions. Since no one is answering yet, let me attempt to. This is my personal view on hindsight. This was a ranging area and later the trend was reversed upward. So losing money here is normal. It should be alright if one is still making money on a monthly basis. Just like any other systems, test over a period of time to see whether it suits your temperament. 1. Type 2 setup, place pending buy order above candle 1. Candle 1 can be of same colour as signal candle. 2. Pending buy order placed 1 pip above candle 1 high....
Money is made by sitting, not trading. Jesse L. Livermore
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
Money is made by sitting, not trading. Jesse L. Livermore
I've got to give credit where credit is due and I am encouraged by what I'm seeing. Granted, I just started applying Joseph's instructions as of May 18th. There is a lot more testing to do to "make it my own" but we are on the right track. Although the method is simple, I also like to use tools that make my life easier. So I have to give a shout out to ASW for the Dashboard and indicators. Joseph may not approve and he is right that they aren't really needed but I love the dashboard and I also confirm everything with the chart itself.
Now to the results. Below is my active TradeExplorer where I will be applying this method to a demo account. It is where I go to prove things. You can ignore everything prior to May 18th as those were other methods. Also the three trades with very short durations as they were mistakes. That leaves five trades - 2 closed and 3 open. My broker is GMT +3 so the day starts on the NY 5pm close. Right now, I'm only trading the Daily timeframe.
Feel free to check that the setups are correct. My entries may be a little early on a few of them because of my schedule but those are calculated risks. It use 1-2% risk on every trade but no more than that so the size depends on the entry and distance to the stop loss.
Let's see how this goes.
https://www.forexfactory.com/hambone#acct.48
Now to the results. Below is my active TradeExplorer where I will be applying this method to a demo account. It is where I go to prove things. You can ignore everything prior to May 18th as those were other methods. Also the three trades with very short durations as they were mistakes. That leaves five trades - 2 closed and 3 open. My broker is GMT +3 so the day starts on the NY 5pm close. Right now, I'm only trading the Daily timeframe.
Feel free to check that the setups are correct. My entries may be a little early on a few of them because of my schedule but those are calculated risks. It use 1-2% risk on every trade but no more than that so the size depends on the entry and distance to the stop loss.
Let's see how this goes.
https://www.forexfactory.com/hambone#acct.48
EURJPY had a nice short setup... moving nicely.
