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iandekoker's 5 profit target trades

  • #361
  • Nov 15, 2007 9:55am Nov 15, 2007 9:55am
here are my thoughts on gbp/usd for the next few hours/days

right now we are seeing an inside bar developing on the 4hr charts. So i will stay with these charts for the moment.

Scenario 1:

Gbp/usd breaks out to the upside.

Scenario 2:

Gbp/usd break out to the downside

Either way we are gonna see some good action soon. Right now the market in indecisive. It is consolidating. Also there is strong support at this current level and once this support gives way we are going down to the 1.9000 levels again.

So let's wait and see how this unfolds
Attached Image (click to enlarge)
Click to Enlarge Name: long jpy.gif Size: 13 KB
  • #362
  • Nov 16, 2007 2:04pm Nov 16, 2007 2:04pm
ok i didnt post anything today as i was playing golf and the market doesnt seem to have any direction yet.
  • #363
  • Nov 18, 2007 4:29pm Nov 18, 2007 4:29pm
Here is my take on the week to come. There is a pin bar on daily charts of gbp/usd to i expect prices to go up again this week. My profit targets would be 2.0564 and then 2.0620.

Let's se how this unfolds
Attached Image (click to enlarge)
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  • #364
  • Nov 19, 2007 1:59am Nov 19, 2007 1:59am
Quoting iandekoker
Here is my take on the week to come. There is a pin bar on daily charts of gbp/usd to i expect prices to go up again this week. My profit targets would be 2.0564 and then 2.0620.

Let's se how this unfolds
My 1st profit target got hit so i am happy to start the week with a good winning trade.
In the mean time it looks like price went down since open of frankfurt. so in 2 minutes london will open and let's see what happens then. Normally if you take the first 30 minutes of trading then you will have a good idea as to what the market wants to do and where it is going. So if london open takes prices even further down then we will have a short day. If london open takes price up again then we will have a long day. That is the theory. Let's see how it turns out
  • #365
  • Nov 19, 2007 3:19am Nov 19, 2007 3:19am
Nice going Ian, always good to start the week like that .

I have made a few and lost a few today, currently in an open position, which is throwing some negative numbers at me for some reason, really don't know why, but let's see
  • #366
  • Nov 19, 2007 3:26am Nov 19, 2007 3:26am
mmmm...not trading GBP/USD (because I feel about the USD the same as I feel about Microsoft Products ) but just opened a chart so I can see what you talking about and see that almost pin bar of yours was pretty close to a trend line, so up is looking good for you indeed.
  • #367
  • Nov 19, 2007 5:53am Nov 19, 2007 5:53am
Quoting Oromis
Nice going Ian, always good to start the week like that .

I have made a few and lost a few today, currently in an open position, which is throwing some negative numbers at me for some reason, really don't know why, but let's see
i also got a loss. went short and then was taken out.

the market is sleeping. No action. damn....lol
  • #368
  • Nov 19, 2007 5:55am Nov 19, 2007 5:55am
Quoting Oromis
mmmm...not trading GBP/USD (because I feel about the USD the same as I feel about Microsoft Products ) but just opened a chart so I can see what you talking about and see that almost pin bar of yours was pretty close to a trend line, so up is looking good for you indeed.
yes i took the pin bar.....took my profit.....then tried to go short...got burnt...so now i am long again
Attached Image (click to enlarge)
Click to Enlarge Name: long jpy.gif Size: 12 KB
  • #369
  • Nov 20, 2007 1:59am Nov 20, 2007 1:59am
gbp/usd needs to close above 2.0585 for me to think about going long on this pair. Yesterday was very choppy with little direction.
Attached Image (click to enlarge)
Click to Enlarge Name: long jpy1.gif Size: 13 KB
  • #370
  • Nov 20, 2007 6:38am Nov 20, 2007 6:38am
Did you take the trade on GBP/USD?

What TP target?
  • #371
  • Nov 20, 2007 7:35am Nov 20, 2007 7:35am
yes i did take the trade. i got in at close of this pin bar.

TP was 2.0667 but it was never hit. So i got stopped out in trailing stop
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 12 KB
  • #372
  • Nov 21, 2007 11:03pm Nov 21, 2007 11:03pm
in future i will post my daily trades in forex strategies under irony system
  • #373
  • Dec 9, 2008 8:21am Dec 9, 2008 8:21am
Quoting iandekoker
in future i will post my daily trades in forex strategies under irony system
Good idea. Better let this thread focus on 5 pips scalp. More updates on the scalping method please...
  • #374
  • Aug 26, 2009 3:09pm Aug 26, 2009 3:09pm
The ADX part of this thread looks very interesting. Let's see if we can bring some life back into this thread.
krly
  • #375
  • Aug 26, 2009 4:27pm Aug 26, 2009 4:27pm
Quoting krly
The ADX part of this thread looks very interesting. Let's see if we can bring some life back into this thread.
krly

Agree with Krly.

I came here after DXTrade's comment on the C4 thread.
DX you think we can restart this baby with your help?
  • #376
  • Aug 27, 2009 4:32am Aug 27, 2009 4:32am
Quoting kostas1
Agree with Krly.

I came here after DXTrade's comment on the C4 thread.
DX you think we can restart this baby with your help?
Hi guys,

no, as I'm not the thread starter.
The thread drifted away from the original settings in post#1 after a while...that's why I went away.
If you take the setup in post 1 it's enough... working fine for me.
I f I need quick money I always trade this for 1 or 2 days and it's giving me some spare money if I need it.
Wanted to start an ADX thread... but starting a thread is a nightmare
Read the first 10-20 pages... all is there... nothing to add.
"The only successful substitute for brains is silence."
  • #377
  • Sep 2, 2009 3:30am Sep 2, 2009 3:30am
Quoting DXTrade
If you take the setup in post 1 it's enough... working fine for me.
I f I need quick money I always trade this for 1 or 2 days and it's giving me some spare money if I need it.
Wanted to start an ADX thread... but starting a thread is a nightmare
Read the first 10-20 pages... all is there... nothing to add.
I also came here after DXTrade's comment on the C4 thread. And I am trying to learn the system. But I have difficulty in figuring out what exactly the following indicators are for:

1. ADX Crossing_Alert 1.1.mq4 posted at #191 on p. 13
2. ADX Cross ADX Main Alert 1.1.mq4 posted at #261
3. Iandecoker ADX 2.0.mq4 posted at #262 on p. 18
　
They all look the same to me. Can anyone explain to me briefly the differences among the above indicators, please?

Thank you very much in advance!

Michael
  • #378
  • Last Post: Feb 23, 2010 8:57am Feb 23, 2010 8:57am
Just use the adx main alert indicator (the second one in your list). It alerts you when the adx bars or lines move across the 35 setting.
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