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  • #401
  • Edited 12:06pm Aug 21, 2009 8:54am | Edited 12:06pm
Firstly I would like congratulate you on your success Tony!
..and for sharing your splendid ideas!

Some questions though,

Between which times are you trading and which times would you consider more important than others in terms of volatility in "our" direction?

Also, if i understand your strategy correct,
when a strong (almost full body) 7-10 pip candle closes in the 5 sec chart and the next candle is heading the same way,
does this next candle have to be larger than the first candle for you to enter or do you usually wait a few candles unless candle #2 is exploding with energy?
Meaning, you wouldn't enter if the second candle would close full body at say, 2-3 pips?
..but that you would enter if there was a constant high of 2-3 pips in the, for example, 3 next candles?

*edit* Also, being curious , approx how many green pips do you make per week?
Do you have a daily pip goal set?


With kind regards,
Jesper
  • #402
  • Edited 12:56pm Aug 21, 2009 12:10pm | Edited 12:56pm
Tony, you see any good setups last night? im up US open 5am pst, didnt see anything worth trading on 5sec gu chart.
  • #403
  • Aug 21, 2009 1:18pm Aug 21, 2009 1:18pm
I trade ONLY when a 10 pip candle succes. The results are pretty, with 6 pips+spread SL and 15pips for net profit. Thanks tony You has open my eyes.
  • #404
  • Aug 21, 2009 9:59pm Aug 21, 2009 9:59pm
Quoting seafront
Hi Tony,
What is your strike rate? I would imagine it's pretty low since you use 5 pips to shoot for more than 40pips. Of course you don't need high rate to win as RR is so high.
Thanks for sharing!
hit rates changes through the month... as long as the account is growing...I have no clue as it constantly changes, I would have to look through the whole year but my account is growing in general if I'm doing what I have to do
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  • #405
  • Aug 21, 2009 10:01pm Aug 21, 2009 10:01pm
Quoting darkness
Tony, you see any good setups last night? im up US open 5am pst, didnt see anything worth trading on 5sec gu chart.

I'm mostly on vacation these days... the whole week passed, I thing I made 3 trades or something like that.... I'm waiting for a wire transfer back to the account to trade again.
Invest in alarm clocks
  • #406
  • Aug 22, 2009 1:00am Aug 22, 2009 1:00am
btw how to change the chart style into candlestick???


this 04nda platform really confusing me !!

help !
  • #407
  • Aug 22, 2009 4:11am Aug 22, 2009 4:11am
Quoting Kosmiklove
btw how to change the chart style into candlestick???


this 04nda platform really confusing me !!

help !
In the schedule the top choice is the type of display chart.
  • #408
  • Aug 22, 2009 6:28pm Aug 22, 2009 6:28pm
Quoting Jesper
Firstly I would like congratulate you on your success Tony!
..and for sharing your splendid ideas!

Some questions though,

Between which times are you trading and which times would you consider more important than others in terms of volatility in "our" direction?

Also, if i understand your strategy correct,
when a strong (almost full body) 7-10 pip candle closes in the 5 sec chart and the next candle is heading the same way,
does this next candle have to be larger than the first candle for you to enter or do you usually wait a few candles...


Thank you very much I like to share ideas .... well the essential is that you must have a full 10 pip candle (on a 5 sec chart).... the following is relative... I would suggest you jump in a soon as you see a pip or 2 in the same direction... set a minimal stop-loss.... 10 pips candles usually represent large amounts dropped or a bunch of stop-losses hits on peoples accounts.... like support and resistance levels... from there on... price will travel... if it doesn't, who cares... you loose a few pips ... good luck
Invest in alarm clocks
  • #409
  • Aug 23, 2009 6:04am Aug 23, 2009 6:04am
Hi Tony!
Could you show the new deals? from the latest..
  • #410
  • Aug 23, 2009 12:34pm Aug 23, 2009 12:34pm
Quoting Tony112
Thank you very much I like to share ideas .... well the essential is that you must have a full 10 pip candle (on a 5 sec chart).... the following is relative... I would suggest you jump in a soon as you see a pip or 2 in the same direction... set a minimal stop-loss.... 10 pips candles usually represent large amounts dropped or a bunch of stop-losses hits on peoples accounts.... like support and resistance levels... from there on... price will travel... if it doesn't, who cares... you loose a few pips ... good luck
Perfect!

Thank you very much for straightening out my question marks.
  • #411
  • Aug 24, 2009 1:57am Aug 24, 2009 1:57am
first entry of the week... based ona 7 pip 5sec candle... I'll let it go and see if it can reach a 40 pip target.... might move my stop to 0 in a few secs.
Attached Image (click to enlarge)
Click to Enlarge Name: 82.gif Size: 31 KB
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  • #412
  • Aug 24, 2009 1:59am Aug 24, 2009 1:59am
stop loss moved to 0 pips..... Profit has now reached 20 pips... good week start... if I was greedy I would stop it now... but I'm more greedy so I'll let it roll down further
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  • #413
  • Aug 24, 2009 2:02am Aug 24, 2009 2:02am
ok took about 30 pips on this one.... it feels good because it's now on a larger capital I deposited back in my account
Attached Image (click to enlarge)
Click to Enlarge Name: 83.gif Size: 32 KB
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  • #414
  • Aug 24, 2009 2:04am Aug 24, 2009 2:04am
7 pips candle was kinda powerful in the beginning of the week but, as I always say... wait for bigger candles usually, patience, they WILL come London open is on since 3 minutes good luck, let's make it
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  • #415
  • Aug 24, 2009 2:10am Aug 24, 2009 2:10am
i can feel that a bank is going to drop a brick pretty soon
a 10 pip brick or a 10 trillion brick if you prefer
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  • #416
  • Edited 3:47am Aug 24, 2009 3:28am | Edited 3:47am
Hey Tony,

nice catch! I missed that one.
How long into the London session would say it's worth following?
It's been going for about 1,5 hours now and i only see a few 5 pip canldes forming a little here and there.
  • #417
  • Aug 24, 2009 3:28am Aug 24, 2009 3:28am
dear Tony,

ur system and analysis is absolutely amazing,been reading the threads,doing some demo practice,and the results is a 4/5 stars.

Congrats !!
  • #418
  • Aug 24, 2009 4:13am Aug 24, 2009 4:13am
Quoting Jesper
Hey Tony,

nice catch! I missed that one.
How long into the London session would say it's worth following?
It's been going for about 1,5 hours now and i only see a few 5 pip canldes forming a little here and there.
I personally stay in front of the pc from london open to 2 -3 hours after NY Open... but it's up to you and depends if you have a day job. I do this and work from home only... it's worth it to stay during the beginning of London and Ny ...
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  • #419
  • Aug 24, 2009 4:14am Aug 24, 2009 4:14am
just got stopped but as you can see.... I didn't enter on a 10 pip candle.... it's smaller and the force just wasn't there, it's all good look at that stop-loss.
Attached Image (click to enlarge)
Click to Enlarge Name: 84.gif Size: 35 KB
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  • #420
  • Aug 24, 2009 4:21am Aug 24, 2009 4:21am
Quoting Tony112
just got stopped but as you can see.... I didn't enter on a 10 pip candle.... it's smaller and the force just wasn't there, it's all good look at that stop-loss.
>.<
me too hehehe...

http://i31.tinypic.com/2vjbvb4.png
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