DislikedI'm still holding the short on usd/jpy, currently up just 5 pips.
I don't see any new entries for today on FXDD.
Ignored
Of course, with my luck I've just jinxed it for everyone, so sorry in advance!!
-Dave
dx and ex daily and EU daily 3 replies
Daily Highs and Lows to Previous Daily Highs and Lows 1 reply
AshFX Daily (EA - MTaboneWeb) 250 replies
GBP/USD daily pip movement vs. EUR/USD daily pip movement 3 replies
DislikedI'm still holding the short on usd/jpy, currently up just 5 pips.
I don't see any new entries for today on FXDD.
Ignored
DislikedI'm waiting for EURGBP long next day or two. Backtesting with this pair on this system looks very promising.
Of course, with my luck I've just jinxed it for everyone, so sorry in advance!!
-DaveIgnored
DislikedAsh,
It is a wonderful system and hope to gain pips with this system. I have ibfx mt4 and in your posts you recommend fxdd to base our trade on. I went to their site, they only offer demo for 90 days. Do you know if they let you renew demo or open yet another one so that I keep using it without opening a live account with them at this point?
Thanks
AkalraIgnored
DislikedHi Ash
You mentioned S/R and Fibs being very important
as we are looking at the daily charts do you only use
S/R and Fibs from the daily charts and nothing else.
thanksIgnored
DislikedI could be wrong but I think that when the demo acct runs out it's just a matter of a few mouse clicks to open a new one: FILE\OPEN AN ACCOUNT
Hope that helps (and that its correct!).
daveIgnored
DislikedAsh do you think this
1:30pm USDhttp://www.forexfactory.com/images/m...mpact_high.gifCore Durable Goods Orders m/m
Is going to affect our usd/jpy trade to our benifit ?
Is it best not to worry too much about these announcements ?Ignored
DislikedAsh is right. The problem I'm seeing is that many of you are using real live accounts to test the system. That's taking on more risk than necessary. You should be testing with a demo account unless you hate money.Ignored
Dislikedalso, systems are often a product of the specific market they were developed in. waiting too long to impliment a system could see the market conditions change and the system losing its effectiveness.
of course the best systems overcome that, which is the hope for every system developer.Ignored
DislikedHi Ror,
Yes, I entered my SS Long Trade for Eur/Jpy at the opening of the new candle, i.e. 165.18. My SL was at the swing low, which was @ 161.73.
My 1st TP (as outlined in the PDF manual in the first post), is equal to the same number of pips of the close of the candle minus the low, which is 165.17 - 162.24 = 293 pips. This TP was hit, and I moved my SL to break even.
The second TP was when the AO closed as red. This occured yesterday, at which point I closed my long for an additional 215 pips.
So in total, on that trade I made around 500 pips.
Hope the pic makes things clearer.
Thanks.
AshIgnored
Dislikedalso, systems are often a product of the specific market they were developed in. waiting too long to impliment a system could see the market conditions change and the system losing its effectiveness.Ignored
DislikedPersonally, I don't recommend trading for too long on demo accounts. In my opinion, to test a system, it's better to open a live micro account (tenth of a mini), and then test. This way, you're working with real money, and it will instill in to you the required attributes you need to cope with natural human emotions such as greed, fear, hope, etc...Ignored