Hi jdcompute, Could you post your chart pls, and share with us where is yr entries and exists. Kindly keep on posting the charts with comments, this definitely be helpful to the newbie here, at least for me. Thanks in advanced. rey
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DislikedDoes anyone know what moved the yen pairs so much today? I've taken in 200+ pips alone on eurjpy and another 150+ on audjpy. I'm curious because I don't see anything on the news calendar.Ignored
DislikedHi jdcompute, Could you post your chart pls, and share with us where is yr entries and exists. Kindly keep on posting the charts with comments, this definitely be helpful to the newbie here, at least for me. Thanks in advanced. reyIgnored
DislikedI did not watch the yen pairs closely today, but having seen this in the past I assume that it is the carry trade realigning itself across the markets. Since the 6th of August the G/U has dropped 2500 pips. With talk of the Sterling cutting its rate the carry trade is cash out.Ignored
DislikedI'll have to read up a little more about the carry trades since that's something I know very little about. Also, I wanted to ask you if you trade for a living? I'm working my way towards trading for a living. I have a 12-18 month timeframe for myself right now. Been at this for a little over a year now.Ignored
DislikedI am a 14,3,3 kind of guy, I would rather wait just a bit for the confirmation. I typically trade only the 1hr and the 5min (if nothing exciting is going on the 1hr), and I trade typically when only when the 30 and the 1hr are very close together, I mean like makin love close. I don't pay too much attention to the 4hr and daily except that if they all agree I increase my # of lots and hang on. You can knock out hella pips this way.Ignored
DislikedI grabbed an easy +45 pips off of that trade. It'll probably go up a bit more but I'm tired..it's 2:17AM Dallas time over here and I'm ready to turn in.Ignored
DislikedI trade from the 15-minute chart alone. From time to time, I'll go down to the 5-minute chart to time an entry once I get a signal from the 15-minute chart though. Actually, I make pips off this system day in and day out.Ignored
DislikedDo you find the system still effective in a trading range?
I can see how effective the system would be during strong trends, of course it's impossible to know you're in a trend until it's at least partly formed.
How do you find the system performs when you think a trend is underway but it merely turns out to be the top or bottom of a trading range?
Thanks
AndyIgnored