how did that potential trade work out for you BlueBottle? was it a winner?
Paulus,
This system is rock-solidI've traded it for months now and it works. One thing that I want to point out is the necessity of checking with the higher timeframes. I know that 60% of the time a setup on the 15m chart looks perfect and works out perfectly. However, it's been mine and others' experiences that checking with the higher timeframes solidifies your trades and almost guarantees your winners. I prefer to trade off the 30m chart and check to make sure it's in sync with the 4hr. Like Boxing says, why trade off the 15m for a small move when you can chase the bigger moves off the 30m charts. Also, it's easier for a move on the 15m to get turned around than it is for one on the 30m or 1hr. Kinda like the difference between stopping a bike versus a car or bus
Are you just talking about the 5,3,3? or the 20 or 50?
- #1,966
- May 12, 2008 10:14pm May 12, 2008 10:14pm
Paulus,
This system is rock-solid
do you switching TFs or you have a few charts on diff TFs open?
and could you show confirmation (comments) on chart and/or post shot of active workspace, please?
thank you
: ))))
- #1,976
- May 19, 2008 3:11am May 19, 2008 3:11am
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
Hello everyone
I am very excited about trying out this method ! it looks great !
i am about half way thru the thread and feel ready to start demo trading today. I noticed that there hasn't been a post from Boxingislife since april.........does he not support the thread any longer ?
I am based in the UK and so I am very lucky with my trading hours and will trade the european open right thru to the us close some days.
Hoping to learn from you guys and if you have any tips or advice please feel free to post.
I am not a newbie to trading forex been doing it for a couple of years , just new to this system.I was drawn to the simplicity of it and, as Boxing said somewhere, it is easy on the eyes ! My recent charts had so many indicators on them that it made your head spin ha ha !
just taken my first trade a gbpusd long from the 30 min chart, with 4 hour confirming.
Happy pipping everyone
cheers
kim
Glad you found this method attractive. Just take concording TF trade and it should be fine.
Also watch for for pull back bigger than 50% as most of the time even if the set up looks fine, it will fail.
Finally, Boxingislife do no support this thread lately because so much has been said allready that there is no real need for further explaination
Hi Kim,
Glad you found this method attractive. Just take concording TF trade and it should be fine.
Also watch for for pull back bigger than 50% as most of the time even if the set up looks fine, it will fail.
Finally, Boxingislife do no support this thread lately because so much has been said allready that there is no real need for further explaination
Hi Melpheos
nice to meet you !
could u please explain a little more about a pullback being more than 50%? do you mean when already in a trade?
are you having some success with this system?
it is a shame that Boxingislife is not around anymore .....it is always more inspiring when the creator of a method is also involved day to day. Hope he is doing well though and successful in his studies at university.
what part of the world do you live melpheos do we trade the same times?
that was a nice long on cable earlier hope you caught some pips.
cheers
kim
- #1,978
- May 19, 2008 6:32am May 19, 2008 6:32am
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
Hi Melpheos
nice to meet you !
could u please explain a little more about a pullback being more than 50%? do you mean when already in a trade?
are you having some success with this system?
it is a shame that Boxingislife is not around anymore .....it is always more inspiring when the creator of a method is also involved day to day. Hope he is doing well though and successful in his studies at university.
what part of the world do you live melpheos do we trade the same times?
that was a nice long on cable earlier hope you caught some pips.
cheers
kim
)I've done incredibly well with this strategy but due to my new position at work i have no time to trade it on intraday and i really dont feel at ease trading it on higher than H1 TF (i think it's not reliable enough due to news release or geoeconomical change which can change a D1 trade from good to very very bad in a few days )
For the 50% retracement i meant what i said
If the price retraces above the 50% from the swing high/low of the last major move you can have a signal but it will probably fail. By retracement i mean that price break the 50% and close above/below it (not just a break)
I'm from France. I guess you are from UK (Cheers
I've done incredibly well with this strategy but due to my new position at work i have no time to trade it on intraday and i really dont feel at ease trading it on higher than H1 TF (i think it's not reliable enough due to news release or geoeconomical change which can change a D1 trade from good to very very bad in a few days )
For the 50% retracement i meant what i said
If the price retraces above the 50% from the swing high/low of the last major move you can have a signal but it will probably fail. By retracement i mean that price break the 50% and close above/below it (not just a break)
yes i am in the uk but i would much rather be living in france ha ha .......lucky you !
ok thanks for that advice about the pullbacks.........i think i understand what you mean
it is a shame that you are not able to continue trading at the moment....you not tempted to trade fulltime yet ?
cheers
kim
- #1,980
- May 19, 2008 10:17am May 19, 2008 10:17am
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
ahh bonjour !
yes i am in the uk but i would much rather be living in france ha ha .......lucky you !
ok thanks for that advice about the pullbacks.........i think i understand what you mean
it is a shame that you are not able to continue trading at the moment....you not tempted to trade fulltime yet ?
cheers
kim