Not so easy today...
USD/JPY:
+1.4
+0.5
+21.2
+7.4
+0.9
http://www.xaron.net/dl/fx/2008/intr...jpy_310108.png
Regards - Xaron
USD/JPY:
+1.4
+0.5
+21.2
+7.4
+0.9
http://www.xaron.net/dl/fx/2008/intr...jpy_310108.png
Regards - Xaron
Forex intraday using the 5min chart: EURUSD 108 replies
The Force 5min system 3,806 replies
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5min Bollinger breakout system 42 replies
DislikedHi Bs
Just to answer your BTW question on the 4h thread, I am currently in ZellamSee, Austria and yes, it is summer now in South Africa and don't really have heavy snowfall in South Africa. Only one ski resort.
Enjoy the trading.
I do see nice SMOOTH TC patterns on the EY and so far all of them resulted in profits. Can't wait to be back to catch some of them. I saw two of them today.
All other readers - it seems like another nice filter to use to eliminate bad trade setups.Ignored
DislikedHi Bs
I didn't comment on your 1min chart because I don't want to lie (I do keep quiet if I am not familiar with something being discussed) - I am not really comfortable with the 1min charts. I got burned too many times using the 1min chart. Yesterday I only made 5pips on 1min chart because I didn't feel comfortable after a while (exit too early). I just don't like the 1min chart or I am just not familiar with the price movements on 1min charts.
Sorry but no comments because I don't want to lie or pretend I know something.Ignored
Dislikedi learned to trade on 1 min news from u.u mean u didnt trade on 1min any more?Ignored
Dislikedmaybe I'm little offtopic , but what Return On investment you guys get per month? Whats average?Ignored
DislikedI cannot really give you an answer because I did practise a lot with this and other systems using one live mini account. But last year I did post my monthly results on a regular basis to give an indication what to expect from this system. You can just go back and have a look. I think it is between 10 and 200pips a month. I am sure you can make 10-15pips a day with easy if you do follow the market on a regular basis. Now you can do your own calculations with your own money management/number of lots.
This week I made 23pips (4 TRADES) just trading between 19H00 and 21H00 GMT.
As from this week, I am back with some serious trade - just following My Rules as posted on page 156. No more playing around.
I hope it helps.Ignored
DislikedIt will depend on your broker and type of account.
For mini account: 1pip = $1 for each full lot.
For standard account: 1pip = $10 for each full lot.
Some brokers allow you to trade mini lots (0.1lot) or even micro lots (0.01 lot).
I do have a mini account and I do trade micro lots risking $0.01 per micro lot. Just to get use to live trading and you don't lose that much money when testing a system.Ignored
DislikedHi everyone,
Ive only just found this thread- thanks to Phillip for sharing the strategy and to all those who have posted helpful comments.
I am still going through the posts to "catch up" and am paper trading as I go along with the occasional live trade.
I have a question and I apologise if it seems very basic- I follow the set up and the principles- am I right in thinking the trigger is when the price action moves back out of the zone and back above/below the MA10?
In practice is it intended that:
1) an order is placed to enter just beyond the 10 MA or
2) that we go long or short whilst we are in the "zone" but by doing this we cant be sure that it wont power on out of back towards the MA50? or
3) that we wait until it moves out of the zone and then enter in which case do we wait for the bar to close or enter when the price moves back in?
Hope someone can offer some help on this?
regards,
MarkIgnored