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Strategy to take safe pips every day

  • #41
  • Nov 17, 2007 6:22am Nov 17, 2007 6:22am
Please Toto, do you have MSN or ICQ we can talk there ?
Please PM me with it .
I have just few questions to know about the strategie and you might help me with it ..
Thank you
  • #42
  • Nov 17, 2007 7:02am Nov 17, 2007 7:02am
Quoting toto4444

wait for a up-candle that dont touch the ema10,

then wait for next resistance and for a down candle when the downcandle is finished than u can go long 1 or 2 pip over the high from the 2 candles before.

set stop high or low from two candles before
I am thick..can someone help clarify this part..does this look right??

Long:
wait for a up candle that doesn't touch 10 ema
then wait for a downncandle when finished
then go long 1-2 candles over high of these two candles?

appreciate some help

generalz
  • #43
  • Nov 17, 2007 3:13pm Nov 17, 2007 3:13pm
ong:
wait for a up candle that doesn't touch 10 ema
then wait for a downncandle when finished
then go long 1-2 candles over high of these two candles?

1-2 pips over the high the last two candles . ;-)
  • #44
  • Edited 10:55pm Nov 17, 2007 8:52pm | Edited 10:55pm
I am a little confused which is a bit embarrassing cause this is supposed to be a simple system - lol. Your results are fantastic and I would like a piece of the action cause i like high % wins but I will patiently wait for someone to post a chart clearly showing entry and exits. I am sure it is very simple once you know what to do and I thank you for sharing such a high probability technique
edit
ive made an attempt at figuring this out myself. Im not sure what you mean by 2 candles earlier but I assume you mean the swing high or low created by the retracement. Here is a chart of EUR/JPY going into last weeks close. there is a signal generated and another forming for next week. Let me know if this is right thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Spot3.PNG Size: 22 KB
BTC Return This Year: na
  • #45
  • Nov 18, 2007 12:16am Nov 18, 2007 12:16am
Quoting M.A.C.Doug
I am a little confused which is a bit embarrassing cause this is supposed to be a simple system - lol. Your results are fantastic and I would like a piece of the action cause i like high % wins but I will patiently wait for someone to post a chart clearly showing entry and exits. I am sure it is very simple once you know what to do and I thank you for sharing such a high probability technique
edit
ive made an attempt at figuring this out myself. Im not sure what you mean by 2 candles earlier but I assume you mean the swing high or low created by the retracement. Here is a chart of EUR/JPY going into last weeks close. there is a signal generated and another forming for next week. Let me know if this is right thanks
that is my understanding too........hope we're not wrong.
  • #46
  • Nov 18, 2007 3:38am Nov 18, 2007 3:38am
hey really nice grafics and a perfect long setup, how do u du that, can u show me that so i canpost more entrys for example... i thin we can make some skype konference in the live market on monday maybe to watch themarkets together
pls email me private and pls i am sorry sorry for my english that is not sooooo good
  • #47
  • Nov 18, 2007 6:43am Nov 18, 2007 6:43am
Quoting toto4444
ong:
wait for a up candle that doesn't touch 10 ema
then wait for a downncandle when finished
then go long 1-2 candles over high of these two candles?

1-2 pips over the high the last two candles . ;-)

thanks..told I was thick

nice system, thanks for sharing..

generalz
  • #48
  • Nov 18, 2007 7:57am Nov 18, 2007 7:57am
Too All:

As I look at charts after the initial 2 candle set up you could wait +4 candles in a retractment before you can take a profit...are others seeing the same thing or am I doing this wrong.

generalz
  • #49
  • Edited Nov 19, 2007 3:28am Nov 18, 2007 11:13pm | Edited Nov 19, 2007 3:28am
Quoting generalz
Too All:

As I look at charts after the initial 2 candle set up you could wait +4 candles in a retractment before you can take a profit...are others seeing the same thing or am I doing this wrong.

generalz
I have no idea how toto knows when to exit but it seems to me waiting for a retrace to exit will barely cover spread for most trades. A re-trace may however set up another trade in the same direction. I propose that after your entry is triggered, you place a stop 1 pip above/below the set up reverse candle. you then target the equal number of pips for a target, including spread, for a 1:1 risk reward. At 85% hit rate with usually very tight stops, it is a money printer. Catching the bigger moves is unnecessary. Alternately you could leave part of your position open with a stop at break even to enable you to participate in a bigger run

Here are two winning short trades that occurred during Asia today.
Trade 1 risks 12 pips and targets 12 pips.
trade 2 risks 19 pips and targets 19 pips. (although the 10 ema did get touched)
if you risk 3% per trade you would have returned 6% today before London opened. if you did that every day and compounded your returns you would double your account every 12 trading days!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Spot4.PNG Size: 21 KB
BTC Return This Year: na
  • #50
  • Nov 19, 2007 4:23am Nov 19, 2007 4:23am
Hi Doug, this is an interesting hypothesis that think worth the backtest, however, if we appply strictly the rules, we would've taken only the first trade... what do you think toto?
Ado Whether you believe you can do a thing or not, you are right.
  • #51
  • Nov 19, 2007 10:44am Nov 19, 2007 10:44am
its really difficult to explain, bcos english is not my "mother language" but normaly my exit is 5-10 pips sometimes in a gib move more, thanks the guys who put some charts in, there a the right entries, for beginners i can say, take some pips and go, but for not beginners trail your stop in the winning direktion. the best and most effektive way but is...

to take some pips, look for another market and do another trade, if u really watch some more markets with very much patience u can make 20 trades or more a day with some pips profit each, some times a have then more than 30 trades in a few days winners in a row

dont risk too much i really try to make constantly 10-20% a mounth and it works...
  • #52
  • Nov 19, 2007 10:50am Nov 19, 2007 10:50am
Quoting toto4444
its really difficult to explain, bcos english is not my "mother language" but normaly my exit is 5-10 pips sometimes in a gib move more, thanks the guys who put some charts in, there a the right entries, for beginners i can say, take some pips and go, but for not beginners trail your stop in the winning direktion. the best and most effektive way but is...

to take some pips, look for another market and do another trade, if u really watch some more markets with very much patience u can make 20 trades or more a day with some pips profit each, some times a have then more than 30 trades in a few days winners in a row

dont risk too much i really try to make constantly 10-20% a mounth and it works...
Seem this can be made into an EA. Any programmers here?
  • #53
  • Nov 19, 2007 10:55am Nov 19, 2007 10:55am
Hello, my skype name is kimba1999, may we can watch with a few persons in a skype konference together the market and we can profit from each other, the company prorealtime a chart system can programm it for free... so that programm will scan the market for that


u are invided to join my skype
  • #54
  • Nov 19, 2007 11:03am Nov 19, 2007 11:03am
Quoting toto4444
Hello, my skype name is kimba1999, may we can watch with a few persons in a skype konference together the market and we can profit from each other, the company prorealtime a chart system can programm it for free... so that programm will scan the market for that


u are invided to join my skype
Have they programmed it for you? Is there a template file you can send us or something?
  • #55
  • Nov 19, 2007 12:39pm Nov 19, 2007 12:39pm
This is a promising and safe system. I'll give it an inside look tomorrow. Thanks toto
  • #56
  • Nov 19, 2007 12:39pm Nov 19, 2007 12:39pm
i dont have it yes but i will give u an info i i have it
  • #57
  • Nov 19, 2007 12:43pm Nov 19, 2007 12:43pm
in a down trend: can we enter short after two resistance candle? If so, which candle we consider to put stop loss and short entry?
  • #58
  • Nov 19, 2007 12:52pm Nov 19, 2007 12:52pm
and 1 other question: have we consider the high/low of the resistance candle or the close of the resistance candle to entry the trade?
  • #59
  • Nov 19, 2007 12:59pm Nov 19, 2007 12:59pm
yes u can go in after two resistence candles as longs as they not touch the ema 10

normaly the stop loss u set over the top of the high from the down candle
  • #60
  • Nov 19, 2007 1:00pm Nov 19, 2007 1:00pm
Quoting darko80
and 1 other question: have we consider the high/low of the resistance candle or the close of the resistance candle to entry the trade?
the high low is more safe---
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