DislikedYes only those pairs.... 2 had huge spreads and the other just didnt seem to move much
PIgnored
thank you
The Cable double day / the two day "rule" 14 replies
A Day Traders Day? 7 replies
The best way to trade is one trade a day 76 replies
Day by Day 9 replies
DislikedN00b_FX
The breakout of the price from the Asia session 10 pips above or below is the entry.This is what I am concentrating on for now..if an EA develops it will be easier to code
The TP 161.8% fib that is correct it the TP ..its just 61.8% of the Asian high low added to your entry
Hope that helps
PIgnored
DislikedI am a breakout traders and i found that you breakout system is the best system (Without TP and SL) and i make green pips on UCAD and AU this week.By Mathematical calculation the bigger the trend the bigger the profit.
f it hit stop order and the trend countinue we can exit on breakeven and wait for retracment for increase in equity.Ignored
DislikedI dont I take it...this is just 1 trade a day and Ive had that on the break up early in the London open when we had the momentum of the UK traders
PIgnored
DislikedSo, in this particular case my stop loss should be at 1.5339 (high of the Asia sesion + 10 pips), right ?
Sorry if I am so persistent, but I want to put the things in worder for me, couse today I just took a nice loss
And I agree that the high can support us when the price goes against usIgnored
DislikedHi FX_NOOB,
I too took a loss on that one. I was thinking of adding to the stop loss 10 pips (Like Paulus suggested) but now I see where I was suppose to have done so all along. The good news is since I noticed all of the other GBP pairs started moving down in direction I jumped on board and rode it back down to the 161.8 level so it more than made up for the loss. I don't suggest anyone do this... I just had a hunch it would.Ignored
DislikedFX
I don’t look at trend direction at all is too subjective for me I go with any signal when it occurs.I like things to be mechanical
Patt
Any range will do me,once long the short order is cancelled yes and visa versa
Steve
Yes correct 1 trade per day per pair I only follow 2 so for me if the break occurs on each that’s 2 trades
At the 1.618 level I close 50% and bring the rest to break even at 200 I close the other 50%
You need to take up knitting if you got too much time hehe
8pips
Not me cannot code at all in MT4 sorry but others...Ignored
DislikedFX
Sorry the stop is 10pips above the high..we need a price break of 10 pips to enter..I need the high or low to support my trade if it moves against me...To set it at the high or low wouldn't work same as when we use swing low for a stop on a long we set it just below the swing low NOT the swing low itself
Cheers
PaulusIgnored
DislikedI caught a loss on the GBPJPY today with a buy that then dropped to close on the stop loss. In looking at Paulus' chart I see that you're using the...Ignored