DislikedGood morning guys
closed my long Euro at 1.4265 due to triling stop with + 29 pips gain.....
anyway i have a doubt if i am using wrong triling parqameters....Ignored
Simple 5 / 8 moving average crossover
- #227
- Oct 21, 2007 8:48pm Oct 21, 2007 8:48pm
my trade right now...as at 0:00GMT
E/Y up 199 pip -move SL, lock 100 pip
G/Y up 370 pip - move SL, lock 200 pip
U/Y up 234 pip - move SL, lock 100 pip
Aus/Usd up 4 pip - SL not move yet
hehe....i play safe,...but 400 pip for this month is now confirmed.
just 2 pips of me...
QQE + stoch moves first, when RSI cross the 70 lines/EMA ...that is the trigger.
5/8 is the confirmation whether u want to ride it as long as you want / you take all the profit.
to trade the daily chart.... MM is important. put 2% of your account only on risk.(SL for all the trade u take). if u take 4 trades at one time, devide it 2% / 4....
if u dont have usd30,000.00 then u can always play with usd3000 (it is equal to 300,000 cent...)
then lets play real money....
u can take trade as simple as 15minutes per day to monitor the price.in my case, i look for the chart in the morning (0600 hr Malaysia time, 2200hr GMT) and thats it....
after that, i go to work ( i m currently work as underwater engineer for multinational O&G)
forex is just my part time....and want to keep it as part time.part time that can create as much money than my saving can give dividend (currently the saving gives me return of 9% annually). if forex gives me 30-50% or extremely 100% yearly with this little work, i m more than satisfied.
let say like this...
starting ...usd 3000 (300,000 cent)...at 100% return compoundly...
3000,6000,12000,24000,48000,96000,192K,384K,768K,1.536M
silently we become a millionaire in 9-10 years. with 300 000 cents as a starting? goshhh.... that where MM play a big role.
Peter M, do you have any programmer member who can EA my method? the system is so easy to EA. no head ache.look at my chart setup.
E/Y up 199 pip -move SL, lock 100 pip
G/Y up 370 pip - move SL, lock 200 pip
U/Y up 234 pip - move SL, lock 100 pip
Aus/Usd up 4 pip - SL not move yet
hehe....i play safe,...but 400 pip for this month is now confirmed.
just 2 pips of me...
QQE + stoch moves first, when RSI cross the 70 lines/EMA ...that is the trigger.
5/8 is the confirmation whether u want to ride it as long as you want / you take all the profit.
to trade the daily chart.... MM is important. put 2% of your account only on risk.(SL for all the trade u take). if u take 4 trades at one time, devide it 2% / 4....
if u dont have usd30,000.00 then u can always play with usd3000 (it is equal to 300,000 cent...)
then lets play real money....
u can take trade as simple as 15minutes per day to monitor the price.in my case, i look for the chart in the morning (0600 hr Malaysia time, 2200hr GMT) and thats it....
after that, i go to work ( i m currently work as underwater engineer for multinational O&G)
forex is just my part time....and want to keep it as part time.part time that can create as much money than my saving can give dividend (currently the saving gives me return of 9% annually). if forex gives me 30-50% or extremely 100% yearly with this little work, i m more than satisfied.
let say like this...
starting ...usd 3000 (300,000 cent)...at 100% return compoundly...
3000,6000,12000,24000,48000,96000,192K,384K,768K,1.536M
silently we become a millionaire in 9-10 years. with 300 000 cents as a starting? goshhh.... that where MM play a big role.
Peter M, do you have any programmer member who can EA my method? the system is so easy to EA. no head ache.look at my chart setup.
- #236
- Oct 22, 2007 1:21pm Oct 22, 2007 1:21pm
to all members,
i believe this thread can be successfull.
the only way to make it successful is not to make the signal/trigger to complicated....remember..this is daily....
it moves slowly but sure.
this thread also can be a place where we can know when to enter.. the intraday also can know which way to go...short or long (based on our entry)...but our SL is higher up or lowerdown than theirs.
hmmm..maybe i should open my own thread anyway?
i believe this thread can be successfull.
the only way to make it successful is not to make the signal/trigger to complicated....remember..this is daily....
it moves slowly but sure.
this thread also can be a place where we can know when to enter.. the intraday also can know which way to go...short or long (based on our entry)...but our SL is higher up or lowerdown than theirs.
hmmm..maybe i should open my own thread anyway?
to all members,
i believe this thread can be successfull.
the only way to make it successful is not to make the signal/trigger to complicated....remember..this is daily....
it moves slowly but sure.
this thread also can be a place where we can know when to enter.. the intraday also can know which way to go...short or long (based on our entry)...but our SL is higher up or lowerdown than theirs.
hmmm..maybe i should open my own thread anyway?
I like simplicity.
- #239
- Oct 22, 2007 6:24pm Oct 22, 2007 6:24pm
Not sure there is a more simple strategy than a 5/8 cross and stops below the previous days high/low.
I like simplicity.
I have to agree with PeteM.. I like to keep it simple...
To many different indicators and things added can have you looking at to many thing to try and confirm... That is just me though.. BUJAL38 You may be use to your trading strategy..Which looks like it work well for you and that is good to see.. I like to see people making pips & and thanks for any help you can give us here..