Welcome to the Layer Cake son!
Dislikedfor me on this yesterday night and was successul.. a short with a tp of 15 pips.. i believe with this system you shd be able to get 10-15 pips easily.. couple that with multiple lots.. 50 pip a week gives you a good livingIgnored
Dislikedso here goes: setup for 5 minutes gbp/usd: EMA envelops indicator set @ 34 deviation 0.09. time frame: i prefer 5 minutes but the deviation can be changed to fit other timeframes. rules: for long entry, wait for price to touch the channel and then enter long when price retraces back to the 34 EMA. Reverse rules for short. Stop: on the opposite side of the channel. take profit: break even when price touches the channel and trail profits from here with a stop that get closer to the position as it moves in my favor. that is it, simple and clear. i welcome all constructive ideas and criticism. wahomeron.Ignored
DislikedHi there. My name is Anne Marie. I am very new to all of this and have been trying to figure it all out. I was wondering if you would be willing to answer a few questions for me?
1. I was wondering if you could tell me where you get your charts? I dont know where I would go to get them, and not sure how to apply them into my trading stratagy.
2. I was also wondering if you would be willing to explain to me what you mean by setup for 5 min? What is EMA envelops indicator? And lastly what is a channel?
I have a demo account with MBT. Thank you so much for even looking at this email.
Thank you for your time. Im just trying to figure it all out. If you are willing to answer my questions I appreciate you!!!Ignored
Dislikedhi wahomeron,thanks for sharing your system.may i ask how long have u been trading this method? whats the success rates? only for cable?
DislikedThanks for the charts. You have put together a nice simple easy to
design method. As with all method MM must be used. Thanks again.
- i always break even @ the channel then trail profits from here with a fast moving stop.
- <20 pips = B/E
- 40 pips= lock in 10 pips
- 60 pips= lock in 30 pips
- 70 pips= lock in 50 pips
- 80 pips= lock in 70 pips
- close trade @ round numbers. for example 1.9600Ignored
Thank you for sharing your system!
Could you graphicaly show one of this processes?
Thank you very much!Ignored
Dislikedhi aktaurus, thanks for your interest but i do not understand your question. Please expound.Ignored
DislikedThank you for your reply!
I ask you to show some episode on history where you trailed your stop as you describe it. Is it possible?
Dislikedhi wahomeron, I find your system very interesting. Cable yesterday was a very good example of this entry strategy applied.
We should develop a strategy for exits.Ignored
Dislikedhi aktaurus, got a chart here for you to see the profit taking in action. This is the last trade from friday. In this particular trade i got a 50 pip profit since the market retraced back to 1.9658.
Let me know if you have any questions.
DislikedWhat exactly is the trigger doing and what does it represent? Does it mean you should look out for the upcoming entry?Ignored