My 15 confirmation bar started @ 238.40.. May the spread differnce.. my spread is currently 4 pips now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #5,941
- Aug 9, 2007 9:21pm Aug 9, 2007 9:21pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
I have tried this many times and burnt my finger over and over again.. These were the trades I do off my strategy. More losses than winners.
p.s. Looking forward to your updated strategy thread
Mike
- #5,944
- Aug 9, 2007 9:24pm Aug 9, 2007 9:24pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
I don't quite understand your answer (I see it's a comment on my last paragraph). Do you mean that if you don't enter at the start of the trend (the confirmation by your system) then you don't enter at all?
p.s. Looking forward to your updated strategy thread
Mike
- #5,945
- Aug 9, 2007 9:26pm Aug 9, 2007 9:26pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Go in a lil late
@ 238.60
TP 239.95
So aussie u get in exactly on the cross over but only on the 15,30,45,00 intervals. No, in betweens?
15 mins works for me.. you may find another time frame which suits you more
possibilities are unlimited buddy if you do your homework sky is the limit with this strategy 
- #5,948
- Aug 9, 2007 9:28pm Aug 9, 2007 9:28pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Just wanna share that I got my 100 pips this afternoon http://www.forexfactory.com/images/icons/icon7.gif
Thanks to Auslanco as well for contributing this technique http://www.forexfactory.com/images/icons/icon7.gif
- #5,950
- Aug 9, 2007 9:29pm Aug 9, 2007 9:29pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
i'm in at 238.51. ive mastered the entry signals but the exitcorect me if i am wrong, when the 15min si cross back down take profits?
Just collect 100 pips from the retracements.. 
- #5,953
- Aug 9, 2007 9:31pm Aug 9, 2007 9:31pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
My 15 confirmation bar started @ 238.40.. May the spread differnce.. my spread is currently 4 pips now.
hi aus--can u please post a pic of how u took that long entry at 238.40 from the confirmation bar
just that i dont see that entry on the confirmation bar buddy
thanks
( not how but where
)
- #5,955
- Aug 9, 2007 9:34pm Aug 9, 2007 9:34pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
hi aus--can u please post a pic of how u took that long entry at 238.40 from the confirmation bar
just that i dont see that entry on the confirmation bar buddy
thanks
( not how but where
My broker is FXCM CNX. entry there was 238.40.
- #5,956
- Aug 9, 2007 9:34pm Aug 9, 2007 9:34pm
Bill.. dont be too greedy mate..
but eventualy i would need to know how to determin exit. is 100 pip frofit a general retracement amount or only on this ocation. no hurry for the answer to this question
- #5,958
- Aug 9, 2007 9:37pm Aug 9, 2007 9:37pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
will do its only demo money
After a big rally.. you can expect 100 pips from the 15min cross over. There are also others ways to determine the full retracement such as 5sma of each time frames and momentum. If you read my earlier posts you will learn alot about catching the retracement.
