Just to say thanks......

Hey ppl

I see a lot of well deserved individual thanks to various posters and thread starters, ...

But i wanted to go one step further and thank all the following ...

TEB63
SPUDFYRE
JAMES 16
EFFILANG
LEVER70

And all those that contributed to the threads (you know who you are...)

I think i have reached a point of understanding, which is not the same as saying i 've cracked it because i havent ,however it is because this forum is such a great place and thanks to all the good people that i am slowly gaining some consistency(only 2yrs later?).

i just wanted to put pen to paper? and say this .

my way of understanding is not true in particular to any of the above mentioned methods but it is an amalgamation , and it is my way...

i have had two very consistent months now and yes it is still only demo, but the whole patience thing/MM has paid of

below is a chart from todays trades ...it is by no means being boastful but purely my way of saying 'couldnt have done it without you lot !!!!!

thanks again

Rye

Can you elaborate and tell us what your indicators and system rules are?

100 per pip....a stop of 50 points will be a risk of 5k

1/8 of account equivalent to risk of 12.5% per trade....cool...

JEST 1081.....

Yes i realise that two of those trades dont conform to what i have previously said,but these for me were very strong signals on all time frames and paid of very handsomely, it is not something i do all the time because i am aware that i could(will)get caught out eventually. 0.5 lots/1.0 as you can see are normal practice (with the exception of todays break of the 50sma on g/y for 5 lots currently up 108pips but chasing with trail tight behind).

Plus jest if you look at my chart, for mr that last candle that bounced of the fifty wsa all the confirmation that e/u was only going one way, i know i could've been wrong and this is all still very much a work in progress ....but that is what demos are for eh (and no matter what we do we will all take losses ...thats part of the game...take care mate

WHTenn......Hi..

as i mentioned above ,still very much a work in progress,but its all the bits that make sense to me from all the systems and methods i've studied in original post...

50sma blue
20ema firebrick
8ema orange mixture off effilang 25/50 and cornflower method

stochs
fast 5,3,3
slow 14,3,3 from teb2 (TEB63)

Basically i buy/sell inline with larger timeframe w1 /d1 trend which is not neccesarily the overall trend but are convincing enough for trades that can last between 1-3+ days.

I wait for a cross of the 50sma on a larger tf say d1 and then wait till it confirms thru H4 down to 30m for entry..

all breaks of 50sma must have the support of fast and slow stoch for entry,in all tf's.

I also buy or sell the initial bounce after cross if favourable and all ducks line up

Stops
initial 50 pip stop and always monitor early stage of the trade in case price comes back thru 50sma,which it can do and this (if watched properly will lead to some small losses) but when you catch an early trend right has an excellent R:

Exits

Still testing these but in genral termsi exit on convergence of 8/20 cross on the tf i entered on . let me clarify ..if i entered on the 30m i will get out on the 30m.i usually use stoch cross to cofirm ..once again if the fast and slow line up

will try to post some charts if interested

Rye

Have posted two charts .

First is 50sma cross on H4 as shown with blue line also note fast and slow stoch in synch

Second is m30 ,thick blue line is H4 cross and thin blue line is m30 cross of 50sma and stoch

will see where thi goes but could be a proper usd breather or not ..who cares ..trade what you see not what you think.

some might say this is too simplistic but how difficult would you want too make it

Will be watching keenly at 2.0300 and channel s/r 2.0277ish

take care

Rye

sorry !!!!!!!he he !!