iandekoker's 5 profit target trades

This is working.

nice going.

Thanks blueruby. That's working and makes things much more easier!

Thanks mate... have set the ADX to 35. Giving me less but better entries.

You are a great help!

hello iandkoker,
thanks for your easy system, take my first +5 profit on euro.

pipshark

Here we might have a low risk long trade coming up. Notice how gbp/usd is trading around the 50% fib level. So you can either go long at 50% level or wait for price to go down to 61% level.

The reason why i say this is a LOW risk trade is because under the 61% fib level there is a trendline and support level and also the weekly pivot point. So there is a lot of support levels. Plus you get the oppertunity to ride this trade all the way up to the 2.1000-2.1100 levels and that all for 30-50 pips risk

I went long and put my stop loss 10 pips under the weekly pivot point. I know that if the weekly pivot point gets broken then gbp/usd will retrace even more. Which gives me the oppertunit to recover my loss with a short trade

Oh by the way. look how well the channel came into play. So when the market opened you could have put a buy order 10 pips above the top of the channel or you could have gone short straight away once the price touched the top of the channel

May there be many many many more 5 pippers in your trading career

There is basically the same set up for eur/usd

price around 61% fib level and at bottom of trading channel. so it offers a low risk long trade.

The only thing to look out for on both gbp/usd and eur/usd is that stochastics on 4hr chart was in overbought area and has since turned down below 80 level. So looks like a short day might be on the cards...

remember you never ever wanna go against the daily and 4 hr charts!!!!!!!!!

check out this link.

http://www.thefxmarkets.com

Look at their Rpm section. It tells you what currency to buy or sell according to their analysis. It is worthwile having a look at their website just to see if you are still on the right track

you wanna go long on numbers 1 and 2

you wanna go short on 17, 18

also on FX street we have a few very good webinars staring in a few hours time.

I cannot encourage you more to join these webinars. They are awesome and FREE

http://www.fxstreet.com/live/sessions/

These guys know what they are talking about. It helps me understand the market so much better. And i learn every time i log in.

You're welcome.

If you want to avoid changing the settings on every startup you can change them inside the file.

Right click on the indicator and select modify.

About 10 lines down from the top of the program, you can see the user inputs listed with their default settings.

You can change "UseADXMain" to true and set "ADXMainLevel" to 35 there if you wish.

THEN press the button that says "Compile"

NOTE that when you compile, these changes will be made on every instance of the indicator that is running at the time you compile - all will restart and will therefore go to default settings.

yeah,
my second one +6

Your pic is very small, but it looks like you have a nice ADX indicator there.
What is it?

this are both together-the advanced + the normal from this thread.

pipshark

OK... thanks.
Good idea

thats great,
another +6 pips

pipshark

Hi mate,

now the only problem is, that if the Main ADX goes above 25 some candles after the DIs have crossed = no alarm. Any possibility to change this?

Thanks...

http://www.forexfactory.com/attachme...1&d=1194252876
here was the chart posted earlier....so let's see how this one played out

Here is the lastest chart

See how the price touched the bottom of the channel and then went up again

i am sure everyone took this 5 pip long trade on offer?lol

This last red candlestick is also a bearish dark cloud.....so let;s see how far the price will go down now

I've had four trades, four wins so far today, mainly B/J. I unfortunately missed that E/U beauty.

I am struggling with my entry timing though...just a lack of confidence I guess, but will keep at it.
Battling the greed fever is also no easy task...