Hello CIORIMAU,
I use this system and it does give bad signals sometimes, but with good money management I can get out of bad signal trades with small loss and wait for good signal trade with big gain.
Hello CIORIMAU,
I use this system and it does give bad signals sometimes, but with good money management I can get out of bad signal trades with small loss and wait for good signal trade with big gain.
Has anybody taken the re-entry buy on the EUR/JPY, I did not but would of been a great trade, I find those difficult as I don't quite know when to enter.
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Joined May 2007
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Status: Trend Trader
|147 Posts
Sorry to say, but this is the result of breaking rules. At 40 pips, you were supposed to move the remaining positions SL to breakeven. You would have netted 40 pips.
Sorry to say, but this is the result of breaking rules. At 40 pips, you were supposed to move the remaining positions SL to breakeven. You would have netted 40 pips.
hi market snipers, I'm new to fx and I've only been trading the news, but I find ur syx interesting. However, I'm having difficulties setting up my moving average(100) and macd (15,26,9) pls put me thru. thanks
Hey guys marketsnipers has made it clear how he trades the system and how he interperates his wkly pivots, do a little work, you will grasp things a lot better for it.
Sorry to say, but this is the result of breaking rules. At 40 pips, you were supposed to move the remaining positions SL to breakeven. You would have netted 40 pips.
Ignored
So if you used this rule in eurchf you will not lost money but not make money$$$$$$$ correct?
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Joined May 2007
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Status: Trend Trader
|147 Posts
Carioca made 40 pips on TP1. Had he/she moved the SL of the TP2 and 3 to breakeven, His /her trades would have closed at 0, leaving a nett 40 pips in the account.
hi market snipers, I'm new to fx and I've only been trading the news, but I find ur syx interesting. However, I'm having difficulties setting up my moving average(100) and macd (15,26,9) pls put me thru. thanks
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Joined May 2007
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Status: Trend Trader
|147 Posts
Yes, I have mentioned it all in the thread. I will be compiling a PDF manual soon. I hope that should lessen my job considerably.
But anyways, I look at the weekly pivots as a shift in the thinking and sentiment of the market. Above pivot bullish, below pivot, bearish. This, in a nutshell.
You wanna learn more, you can join my mentorship room. Oh, by the way, it is free.
Hey guys marketsnipers has made it clear how he trades the system and how he interperates his wkly pivots, do a little work, you will grasp things a lot better for it.
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Joined May 2007
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Status: Trend Trader
|147 Posts
Ok, here is one of the trades I took this week. Up 145 pips. I closed 1st pair for 33 pips, second for 93 and third one is still on. You can see a sell before that, but I did not take it since trend is strongly Bullish.
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Joined Nov 2006
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Status: Fightin' Gator
|121 Posts
Hello Marketsnipers
I just finished reading your thread and I'm anxious to start demoing your strategy using various pairs on 4H and Daily. It appears to be a less stressful approach to trade. Thanks for sharing it.
I noticed on the AUD/JPY trade, I did not have a zero line crossover on my MACD until several bars after price closing above the 100 SMA, well after your entry. You had mentioned in a previous post that sometimes your entries were discretionary in that they were made without MACD confirmation. I also noticed that you were using another indicator instead of MACD on that trade.
Under what conditions would you consider entering without MACD confirmation. Usually the 100 SMA cross and the zero line cross on MACD are within a couple bars but sometimes there is such a lag that you would most likely have to pass on the trade. On the AUD/JPY trade, there was a good slope on the 100 SMA indicating strength of trend.
Your system seems to be interesting and very easy to write it as an EA. Why donīt you try to code it? Then you can backtest it, there is no better tool in order to improve it, in my humble opinion.
