That steady stream of pips.... | Forex Factory

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That steady stream of pips....

  • #1
  • First Post: Edited 1:45am Mar 29, 2007 12:51am | Edited 1:45am
For those of us wishing to become fulltime traders, we must recognize that a steady stream of pips (with low drawdown) is the ultimate thing we must obtain.

I'm not talking about a Holy Grail. Money Management without consistent pips is useless.

This thread is for sharing your methods of success in achieving steady pips.



MY method is being forward tested. I use EURUSD H1 bars and look for specific entries. There are 7 entries that I am testing.

One of these is to look for a gap up/down more than 20 pips on Sunday's open. If the gap is up, I go short with a TP of 200 and a SL of 20. If gap is down, I go long with a TP of 200 and SL of 20. Believe it or not, this method was good for several thousand pips over the last few years....

Depending how much sharing people do on this thread, I will disclose my other setups. Good luck to us all and God be with you....
  • #2
  • Mar 29, 2007 1:08am Mar 29, 2007 1:08am
Usualy swing till the news from -1h to 6:50 in +7 gmt and follow the news 1 h after , follow the global news till london open
  • #3
  • Mar 29, 2007 1:17am Mar 29, 2007 1:17am
Hi Tdion, thx for chatting via PM enjoyed the comaradery.

Here is a link to my ATM...and no it does not stand for "Automated Teller Machine"... it's the Accrete Trading Model...it has to do with my ongoing studies of the "Harmonic Beat Theory".

This applies to intraday trading, utilizing mainly 15, 30, or 60m charts. No moving averages or other indicators utilized.

: ) Thom
  • #4
  • Mar 29, 2007 1:31am Mar 29, 2007 1:31am
You don't do anything until one hour after there is news relating to the Yen in the Asian session. Is that right?

Quoting Gwan
Usualy swing till the news from -1h to 6:50 in +7 gmt and follow the news 1 h after , follow the global news till london open
  • #5
  • Mar 29, 2007 1:37am Mar 29, 2007 1:37am
I use a quick 2EMA cross of a 36 EMA and 72EMA, along with a modified Osma indicator with settings, 48,1,48, changing from + to - or vice versa at the same time. It has a very high success rate, it just doesn't happen that often. Maybe 4-5 times a month on the hourly GBP/USD.
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  • #6
  • Mar 29, 2007 1:44am Mar 29, 2007 1:44am
Cool...... thanks for sharing

Quoting aicccia
I use a quick 2EMA cross of a 36 EMA and 72EMA, along with a modified Osma indicator with settings, 48,1,48, changes + or - changing at the same time. It has a very high success rate, it just doesn't happen that often. Maybe 4-5 times a month on the hourly GBP/USD.
  • #7
  • Mar 29, 2007 10:51am Mar 29, 2007 10:51am
Quoting tdion
One of these is to look for a gap up/down more than 20 pips on Sunday's open. If the gap is up, I go short with a TP of 200 and a SL of 20. If gap is down, I go long with a TP of 200 and SL of 20. Believe it or not, this method was good for several thousand pips over the last few years....
Interesting idea. I was trying to play the Sunday gap as if I was playing a stock with pre-market news. Gap happens, gap fills, comes back and breakouts out. Sounds very similiar, except for just going by 20 pips, and I don't get 200 pips. I haven't seen a gap I liked in about 5 or so weeks now. Mine was more than 20 pips for a nice big gap to fill and break.

I wish I had more, but I'm not getting anything that works that consistant yet. I keep changing methods and tweaking. What I just mentioned hasn't even happened or tested enough for me to say it's anything good. I'm going back to a lot of stock daytrade methods and trying for that.
  • #8
  • May 1, 2007 8:12am May 1, 2007 8:12am
Anyone.... Anyone.... Buhler..... Buhler.....

I don't want this thread buried at the bottom of the pile.
  • #9
  • Jul 13, 2007 6:00am Jul 13, 2007 6:00am
Quoting tdion
You don't do anything until one hour after there is news relating to the Yen in the Asian session. Is that right?
.... now to think of it...... my steady pips has changed....
been 4 month now and those steady pips comes from swap and one way trading in usd-jpy long..... in grid
scenario : grid limit trigered, price retrace, trigering grid stop , take profit, again and again.....
taking profit in resistan level, clean all positive...
once in a while, when there is a big dip, add more lots.....
less care about indicator too.... my latest attemt is using multi MA, it is good to see colorfull chart
  • #10
  • Jul 13, 2007 6:36am Jul 13, 2007 6:36am
well one of my methods is in the trading systems section

but heres how things have been workin for me

1h chart i look for a swing high and low. draw some fibos and find clusters.

then i will use that as a pivot if it holds ill go long from there if it breaks ill short. and vice versa
i also use daily pivots and s/r levels and a gann fan sometimes since if its broken then alot of times itl get to where the other angled lines are.

the example im gonna post
4h gbpchf
fibo cluster at 50 and 61.8 the blue area. it held many times which is an enough reason by itself to short
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  • #11
  • Jul 13, 2007 6:49am Jul 13, 2007 6:49am
heres another example where the price stalled around the fibo cluster and went down a bit. chances are itl move back to that area and thats when i would short unless i decide to short at the touch of that area. a bit risky but should give some pips either way.it also helps that price is under the 144 ma especially since were lookin to short.
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  • #12
  • Jul 13, 2007 7:36am Jul 13, 2007 7:36am
do you use any trigger for your short boxingslife? like counter TL break? or just on touch of the cluster level?
  • #13
  • Jul 13, 2007 8:10am Jul 13, 2007 8:10am
most of the time a trendline break on rsi or cci
but any trigger should work fine really
  • #14
  • Last Post: Jul 13, 2007 9:11am Jul 13, 2007 9:11am
Quoting aicccia
I use a quick 2EMA cross of a 36 EMA and 72EMA, along with a modified Osma indicator with settings, 48,1,48, changing from + to - or vice versa at the same time. It has a very high success rate, it just doesn't happen that often. Maybe 4-5 times a month on the hourly GBP/USD.
What is the Osma indicator? Do you use it to combat whipsaws? how do you enter, on first close after the cross?
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