THX,
NL
- #182
- Nov 12, 2008 9:48am Nov 12, 2008 9:48am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Why loser? Not reached the 0 line ,yet. Or changed the rules?
THX,
NL
did I change that opps ...sorry..
I might use either one in fact
... in a tight market I always use the "3"
in a wild market I sometimes use the "1"
(I like to give it about 25-30 pips with the Eur)
if "3" is to close... but I normally still move it up to "3"
I hate losing pips
I hope that makes sence
cheers
teb
- #183
- Nov 12, 2008 3:16pm Nov 12, 2008 3:16pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi one and all
is anyone else trading this system?
and how are you doing?
cheers
TEB
is anyone else trading this system?
and how are you doing?
cheers
TEB
- #188
- Nov 13, 2008 2:39am Nov 13, 2008 2:39am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I like the simpicity of the system but i'm going to test on larger time frame (daily), do i hv to make changes to the indicator and such, thanks
always base it on the 5 ems
5 = day
25= week
100 = month
cheers & let be know how you do
teb
- #189
- Nov 13, 2008 2:45am Nov 13, 2008 2:45am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I've spent the better part of the night reading this post. I've come to understand your system pretty intimately tonight and I am going to start using it. While reading I've put it up against a couple different trades and they've came out very well! I do have a couple of questions. Hopefully you can find the time to answer them.
How long are you typically in a trade from start to finish with this system?
Any estimates on success rate with this system?
I don't quite understand how you lost this trade and what you were saying here. Are you...
yes
teb
- #190
- Nov 13, 2008 2:46am Nov 13, 2008 2:46am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
OK.THX, TEB!
It lifts Your R:R, but push down Your hit rate...
You think Your expectancy is better, now, or just psychologically easier to trade on this way?
NL
yes to both
teb
- #191
- Nov 13, 2008 2:51am Nov 13, 2008 2:51am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi TEB,
Not doing much trading with this yet but I like the format and am looking at possibilities. Have a couple of questions though.
On the pdf you posted about 1-2-3's, the author clearly looks for major trend reversals with that pattern. With the 5 min chart that isn't going to happen but do you ever trade against the ema's? From what I have seen there are many more opportunities if you allow yourself to do so. Otherwise are you just using the 1-2-3 as an entry point into the trend defined by the ema's.
Secondly, do you only use the swing...
2. I use the fractals to help me but I pick the 1.2.3 points .. some times I use point (esp point "3"), that the Factals don't call
3. 1.2.3 is the main way I trade I will trade a good tri-angle break
or a pen bar ( lost a trade last night with this)
teb
- #192
- Nov 13, 2008 3:32am Nov 13, 2008 3:32am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
just ok
teb
- #193
- Nov 13, 2008 4:06am Nov 13, 2008 4:06am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
1st target hit
2nd lot to 0+1 pip SL
teb
- #194
- Nov 13, 2008 4:22am Nov 13, 2008 4:22am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
missed this one & its better then the Eur/Usd
because its going with the hour channel
cheers
TEB
- #196
- Nov 13, 2008 4:29am Nov 13, 2008 4:29am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
2nd target hit
teb
- #197
- Nov 13, 2008 4:32am Nov 13, 2008 4:32am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Your 1st lot SL is at 0 - 2pips and your 2nd lot is at 0 + 2 pips, so you are only moving it up 3 pips correct?
when I made money I then move to save it
the numbers you are quoiting are for enteries
not move ups
Cheers
teb
- #198
- Nov 13, 2008 4:49am Nov 13, 2008 4:49am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
interesting price is playing between the hour channel & the 200% fibb
we have a battle going on to see which way price will go.
I think this battle may be important for all the 4x
teb
