got out for +28, was using the SL method Siuol suggested by moving SL to low of 2 previous candles.
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Disliked+101
If we used Siuol's suggestion of the SL method, then the pip profit would have been a nice portion.Ignored
DislikedHi guys,
Just finished reading the thread and i have a 'feel-good' feeling about this system (its simple). I'm currently using another system off the 2 min chart and will see how this one goes on that time frame and will post my results and charts as i trade.
Thanks again,
PipsotIgnored
DislikedHi guys,
Just finished reading the thread and i have a 'feel-good' feeling about this system (its simple). I'm currently using another system off the 2 min chart and will see how this one goes on that time frame and will post my results and charts as i trade.
Thanks again,
PipsotIgnored
DislikedIt's not bad on e/u but g/u seems to be doing pretty well since it's moves are stronger and quicker.Ignored
DislikedSiuol,
I see now what you mean with trying to use this method in tandem with the 5 wave trading method of brian. The problem is the charts, I have only one 19" screen... what do you think? Did you compare this method with brian's on the Gbp/Jpy trade you took this morning(gmt)?Ignored
DislikedI've yet to do the comparision but I think we may be able to figure something out. I will do that later today with the trade I took. I will look and see what price was doing on this method when I took the trade that I did. I think that if one studies price action enough, you will not need any indicators. It's truly the only way to trade. I plan to trade strictly price action once I understand it more but combining the method from Brian and this method, I think one can make some serious pips.Ignored
DislikedJust been reading through the thread looking for the rules which are supposed to be on Page 2 post 26. However they are not, also, have any indicators been updated and posted later?
looks like it but they are not posted by the original poster.
Confused.Ignored
DislikedJust been reading through the thread looking for the rules which are supposed to be on Page 2 post 26. However they are not, also, have any indicators been updated and posted later?
looks like it but they are not posted by the original poster.
Confused.Ignored
DislikedIt LOOKS (I may be wrong, feel free to correct me!) like you place a stop order on the break of a candle which CLOSES outside the channel in the same direction suggested by the MACD. Put your S/L at the opposite side of the channel and then move it down following price as someone suggested earlier.
It's quite similar to something I'm doing with a 10EMA Hi/Lo channel but with the 50SMA as a filter instead of MACD. Picks up all the large swings but frequent losses in rangeland.
Unsure where Stochastics/RSI come in as these aren't part of the screenshot...Ignored
DislikedI see, it is understandable given the situation.
One last question though.
In post 1 there is a zip file and 4 other uncompressed files but, the same files are in the ZIP. Which files are we supposed to use?
Also there is a new file on p4 post 58????
This is harder to work out than the rules to the system.
Is there any chance you can delete the old files in post 1 and upload all current files in a zip on post #1?
Thanks in advance.Ignored