I like your strategy,lots of room for personalizing and subjectivity.I trade Tkimble's "Daily Scalping" found on this great website.Keep up the good work and would like to see more.
Cheers.
Cheers.
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DislikedI like your strategy,lots of room for personalizing and subjectivity.I trade Tkimble's "Daily Scalping" found on this great website.Keep up the good work and would like to see more.
Cheers.Ignored
DislikedI took a demo trade on GBP/JPY using your method,sold at 248.6 on 9th July (hot high 248.77) and closed out on 10th July for a 260 pip profit.
How do you handle situations where the intial hot high/low is exceeded on subsequent days,do you trade these new high/lows or wait for the next week/month /quarter.Any more information on you method would be appreciated.Ignored
DislikedHi everybody,
new on this site, but not on forex trading, i’m gonna let you know my trading approach (pls forgive my not so perfect English, I am Italian).
I've read lot of smart and interesteing people here at FF, people that share their efforts for free, and would like to participate in this positive environment.
Ignored
DislikedI don't know why there is not more interest in your method as I've taken a few demo trades with spectacular results.
1. Sold USD/JPY 8/8/07 +107pips to date still open.
2.Sold GBP/JPY 8/8/07 +410 pips to date still open.
3.Sold EUR/CHF 8/8/07 +141 pips to date still open.
I'm going to look back (Manually) and confirm the method this weekend and next month try some real trades.Thanks for your ideas.
P.S I've tightened the above trade stops as they approach the hot lows which is where I've set profit targets.Ignored
DislikedGood to see you are still around.I closed all above trades with good profits.
1.USD/JPY +176 pips, target was hot low.
2.EUR/CHF +154 pips, target was hot low.
3.GBP/JPY +429 pips, stopped out with trailing stop.
I've just bought EUR/JPY at 160.91 with a stop at 160.30, which is near the hot low for the month.There would have been a good buy for the GBP/CHF in the last two days down near the hot low for the month.
Do you keep trading the monthly hot highs and lows during the whole month or just at the beginning.One last question with regard to quarterly trades,can any quarter be traded or do you start your quarter at the beginning of the year?Ignored
DislikedHi Vella
Just came across your thread today, I find the method very interesting. In one of the posts you refer to the table of historical ranges of the pairs which you trade, weekly monthly and quarterly, could you post the table please, it would be useful for setting the targets or avoiding stop and reverses.Ignored
DislikedHi Vella!
Thanks a lot for sharing, your stuff is really, really interesting, because your method has either a statistical foundation and a rational one.
I'll need some days to better study it, and at least some of its nuances. At a first glance, it surely needs the developing of an advanced feeling for support/resistance levels.
At the moment I have a special interest for the weekly spots, since it is way easier for me to integrate them in my current intraday trading (4H and 1H). Sinergy at work!
Some fast visual backtesting looks very promising, if not great (but I know very well how easy can be being fooled by what just seems easy :-( ).
Since today is Tuesday, I started some real trades (VERY low exposure) just to wet my feet.
Have you some special tricks or warnings for the weekly trades?
Thanks again.
BTW: me too from Italy!Ignored