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"The Pip Nailer". Any time frame, any pair

  • #1,161
  • Sep 11, 2008 12:54am Sep 11, 2008 12:54am
Quoting lrathi
Please quote and attach from the manual where you see 1h TF?

I see the heading:"The Pip Nailer". Any time frame, any pair.

Thanks,

LR
oh, your right, I must have gotten confused with another system. I've been studying about 5 right now to see which one makes profits and fits my lifestyle the best.
  • #1,162
  • Sep 11, 2008 1:02am Sep 11, 2008 1:02am
it is H1 or higher the better. Of course you can use M1, M5, noone is going to stop you.
  • #1,163
  • Sep 11, 2008 7:53am Sep 11, 2008 7:53am
If profit target is hit within 30 minutes on a 1 Hr signal but price moves back to trade entry point, can the trade be repeated? What is the feeling?
  • #1,164
  • Sep 11, 2008 9:12am Sep 11, 2008 9:12am
Quoting fxfact
If profit target is hit within 30 minutes on a 1 Hr signal but price moves back to trade entry point, can the trade be repeated? What is the feeling?
Definitely not.
  • #1,165
  • Sep 13, 2008 3:33am Sep 13, 2008 3:33am
first three days using system - 14 trades 12 winners - 17% increase in equity.

lovin it

pretty sure things will cool off but still this is excellent.
  • #1,166
  • Sep 13, 2008 4:33am Sep 13, 2008 4:33am
Quoting ahendon
first three days using system - 14 trades 12 winners - 17% increase in equity.

lovin it

pretty sure things will cool off but still this is excellent.
Wanna share out how you do it?
  • #1,167
  • Sep 13, 2008 5:07am Sep 13, 2008 5:07am
Guys,

I am starting a bring "OzFX" thread back campaign HERE... Vote the poll,.,,please your reply and voice ur concern.,..All I want is to bring this great thread to where it belongs...


Sonic
  • #1,168
  • Sep 13, 2008 5:24am Sep 13, 2008 5:24am
post a few chart will make it more meaningful
  • #1,169
  • Sep 14, 2008 1:10am Sep 14, 2008 1:10am
Quoting mphpopular
Wanna share out how you do it?

I just leave the dashboard open and when an alert sounds I place the trade. nothing under 15 minutes.

SL and TP just as stated in the rules.

I use a fibo indicator to guage exits but mostly I just let the rules take me out.

I am on the west coast so I only trade 11pm-1am and then again 7am-3pm.

I will post charts next week.

I suspect this is an unusually good result and a very small sample.

good trading next week everybody....
  • #1,170
  • Sep 15, 2008 4:01am Sep 15, 2008 4:01am
Anyone catch today morning nice pips from EG H4?

I caught it wif +35pips. What a nice Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: trade 56.jpg Size: 102 KB
  • #1,171
  • Sep 19, 2008 3:59pm Sep 19, 2008 3:59pm
Lonely for this week. Only have 1 signal during on MOnday and that's made the week. But still glad for the profit
  • #1,172
  • Sep 20, 2008 8:27am Sep 20, 2008 8:27am
is it the trade you did on monday? If you use H1, probably no trade
  • #1,173
  • Edited 9:50pm Sep 29, 2008 9:38pm | Edited 9:50pm
Juz back to my pc after 2 weeks of absence.
Here is the trade that I taken from H4.

EDit:
Try refer back the signal by pipnailer D1
Pair :usdjpy , audusd, audjpy, euraud.

All this become a false signal.

For me I believe the signal by H4 is more stable and valid compare to D1.
Attached Image (click to enlarge)
Click to Enlarge Name: trade 18.jpg Size: 171 KB
  • #1,174
  • Sep 30, 2008 2:24am Sep 30, 2008 2:24am
Quoting mphpopular
Juz back to my pc after 2 weeks of absence.
Here is the trade that I taken from H4.

EDit:
Try refer back the signal by pipnailer D1
Pair :usdjpy , audusd, audjpy, euraud.

All this become a false signal.

For me I believe the signal by H4 is more stable and valid compare to D1.
i don't trade mondays and fridays.
monday's are affected by weekend news, fridays are low volume.
  • #1,175
  • Oct 2, 2008 1:01am Oct 2, 2008 1:01am
What is going on here? Why someone paying to provide free service?
Attached Image
Vouch me and I vouch you back !
  • #1,176
  • Oct 2, 2008 1:20am Oct 2, 2008 1:20am
Quoting The_One
What is going on here? Why someone paying to provide free service?
everyone has an agenda. everyone.
  • #1,177
  • Oct 2, 2008 7:56pm Oct 2, 2008 7:56pm
Lose 120++pips and win 20++pips

SO this week lose.
Attached Image(s) (click to enlarge)
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  • #1,178
  • Oct 4, 2008 9:25am Oct 4, 2008 9:25am
Let us see something special here due to diferent price feed by different broker.

If using alpari data feed, it should be a winning trade after all

Edit:
If use alpari data feed, wil set SL at1.5040

IBFX set as 1.5008

So IBfx get hit by SL but alpari is a winning trade
Attached Image(s) (click to enlarge)
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  • #1,179
  • Oct 5, 2008 9:02pm Oct 5, 2008 9:02pm
First off, I would like to thank everyone who has been involved in developing this thread and sharing this system - it is a great system!

This is my first post here on ForexFactory. I have read the entire thread from start to finish (2 days)! My eyes are dry and blurry, my brain is smoking, but I have the general theory. -- I THINK!!!!

I do have a question about the stop loss....

Attached is a pic of EUR/JPY H1. The nailed candle has a high of 146.11 and a low of 144.94. The ATR21 of the nailed candle is .63. The open of the next candle is 146.09. If I understand correctly, the S/L should be the same as the low of the nailed candle - 144.94. Our T/P should be the same number of pips from the open of the candle following the nailed candle - 147.24. The T/P was never hit as the high only reached 146.81 and the S/L would have been hit on the next candle.

Did I do all of my math right, and this was just a bad trade?

Also, if I figure my S/L and T/P from the ATR21 then my S/L would have been even lower... .63*5 = 3.15 for a S/L of 142.94.

Once again, did I figure the ATR21 correctly?

Thanks,

Brian
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.gif Size: 18 KB
  • #1,180
  • Oct 5, 2008 9:29pm Oct 5, 2008 9:29pm
Quoting bdgardiner
First off, I would like to thank everyone who has been involved in developing this thread and sharing this system - it is a great system!

This is my first post here on ForexFactory. I have read the entire thread from start to finish (2 days)! My eyes are dry and blurry, my brain is smoking, but I have the general theory. -- I THINK!!!!

I do have a question about the stop loss....

Attached is a pic of EUR/JPY H1. The nailed candle has a high of 146.11 and a low of 144.94. The ATR21 of the nailed candle is .63. The open of the next candle is 146.09. If I understand correctly, the S/L should be the same as the low of the nailed candle - 144.94. Our T/P should be the same number of pips from the open of the candle following the nailed candle - 147.24. The T/P was never hit as the high only reached 146.81 and the S/L would have been hit on the next candle.

Did I do all of my math right, and this was just a bad trade?

Also, if I figure my S/L and T/P from the ATR21 then my S/L would have been even lower... .63*5 = 3.15 for a S/L of 142.94.

Once again, did I figure the ATR21 correctly?

Thanks,

Brian
Hi,
Using ATR for exit might be a good way as well.
And for your entry and exit, perfectly calculated. So, no mistake at all.

But for your info, this setup is kinda of a using high probability win trade. So, its ok to have some of losses trade.

Let's do an example:
1) For the chart you posted, we might have a loss trade if we follow pre-defined rule. But if we using ATR, we have been end with a win trade but with smaller pips gain.

2) So, how about during every trade, you hit the ATR and exit your trades with small profit, but infact, if you set your TP by predefined rule, you might hit your TP, and gain a larger profit.
Wish I didn't make you confuse.

3) You might give a try on the ATR for longer period and see how things goes. Or you can adjust your SL to breakeven +1 when hit the ATR value, and let the predefined TP to do its job...

Afterall, welcome to this thread. It's a honour to our fxmoment to have your very first post in his thread.
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