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New Day breakout by fed

  • #81
  • Aug 31, 2009 3:25am Aug 31, 2009 3:25am
good.
try this method tmr.
and i think i will modify the TP level~
and also need to further study on the SL
  • #82
  • Aug 31, 2009 8:40am Aug 31, 2009 8:40am
Quoting Weasy2k
great work...going to try it out tomorrow if i can get around to a computer in time.
hi Weasy2k, between 00:00GMT-12:00GMT is the best time for me. So it works for me the best. I bagged 74 pips, and got stopedout with the others, since I am home today, I am waiting for it to retrace, I might enter in again at that break..
  • #83
  • Aug 31, 2009 2:02pm Aug 31, 2009 2:02pm
Hi guys, I am changing slightly something on this strategy. Instead of entering it with 3 orders, I will enter in with 2 orders. TP1 would be number of pips that I will risk (min of 80 pips), TP2 would be number of pips risked*2 when I hit TP1 the 2nd entry I will BE. When I hit TP2 I will bring my 2nd entry to 50% line and continue to target TP3 which is 3*of number of pips that I risked. This will give me more $$$$. I will also update this at the first post.
  • #84
  • Edited 3:21pm Aug 31, 2009 3:03pm | Edited 3:21pm
Quoting Weasy2k
great work...going to try it out tomorrow if i can get around to a computer in time.
When ever you are ready to go live, what else you can do is that I will post the entry price, TP1, TP2 and SL then you could call your broker if they have a deal desk which you can at least place your entries untill you get home, now at least you will have some valid entries.
  • #85
  • Aug 31, 2009 6:31pm Aug 31, 2009 6:31pm
wow if you could do that...ide be a happy man
I can jump onto the computer at work but i dont have my forex software here so i can at least check in here and use my phone to place the orders
  • #86
  • Aug 31, 2009 6:58pm Aug 31, 2009 6:58pm
Yes for sure, I will place the plan and look at the screen and then I will also indicate the entry, tp1, tp2, sl. If you can get a computer at work, go to http://forex.tradingcharts.com/charts/ or to your favourite website which will provide you a real life chart, you can then look at the chart as well just to make things sure. For now at least for the first couple of weeks just look at the results and follow this thread or you could still place your orders with small lots, its up to you. Glad to help..... I will place my screenshot in 1 hour.

remember to make things simple we will place 2 entries starting tonight. I hope you read my prev post to get the details about it.....
  • #87
  • Aug 31, 2009 8:11pm Aug 31, 2009 8:11pm
Hi guys, I favoure short tonight at 150.91, TP1 150.13, TP2 149.38, SL 151.71
Attached Image (click to enlarge)
Click to Enlarge Name: break08.jpg Size: 54 KB
  • #88
  • Aug 31, 2009 8:35pm Aug 31, 2009 8:35pm
Quoting fed
Hi guys, I favoure short tonight at 150.91, TP1 150.13, TP2 149.38, SL 151.71
does it hv some room for long?!
  • #89
  • Aug 31, 2009 8:50pm Aug 31, 2009 8:50pm
I don't think it does, right now it is still retracing to 50% fibs.
  • #90
  • Aug 31, 2009 9:19pm Aug 31, 2009 9:19pm
Quoting fed
Hi guys, I favoure short tonight at 150.91, TP1 150.13, TP2 149.38, SL 151.71
a/c to my chart the candle body range is 151.233 to 151.281
so i set up short order at 151.933

fed, do you hv messenger(MSN, yahoo, ICQ)?
  • #91
  • Aug 31, 2009 9:49pm Aug 31, 2009 9:49pm
Quoting fed
Hi guys, I favoure short tonight at 150.91, TP1 150.13, TP2 149.38, SL 151.71

what i see that the diff of ur sl n entry is 80pips while entry n tp1 is 78pips
  • #92
  • Aug 31, 2009 9:58pm Aug 31, 2009 9:58pm
Quoting Freako
what i see that the diff of ur sl n entry is 80pips while entry n tp1 is 78pips
I have 5 digit brocker that is why it will be off 1-2 pips. I don't use the calculator.
  • #93
  • Aug 31, 2009 10:01pm Aug 31, 2009 10:01pm
Quoting wltam
a/c to my chart the candle body range is 151.233 to 151.281
so i set up short order at 151.933

fed, do you hv messenger(MSN, yahoo, ICQ)?
how did you get 151.93 for short? the top is 151.28 the buttom is 151.22, subract 30 pips from 151.22 and you get 150.92 for short. I don't have msn or icq....
  • #94
  • Aug 31, 2009 10:05pm Aug 31, 2009 10:05pm
Quoting fed
I have 5 digit brocker that is why it will be off 1-2 pips. I don't use the calculator.
means ur RR is 1:1?
  • #95
  • Aug 31, 2009 10:19pm Aug 31, 2009 10:19pm
if I hit all 3 TPs then RR would be 1-2 risk-reward. for example 80 pips target hits then the 2nd entry also goes 3 more times 80 pips which makes total of 320 pips with total of 160 pips risking.
  • #96
  • Aug 31, 2009 10:23pm Aug 31, 2009 10:23pm
Quoting fed
how did you get 151.93 for short? the top is 151.28 the buttom is 151.22, subract 30 pips from 151.22 and you get 150.92 for short. I don't have msn or icq....
becasue ...i typed wrongly
should be 150.933
  • #97
  • Aug 31, 2009 10:26pm Aug 31, 2009 10:26pm
Hi fed,

What broker are we using to establish the 00:00 GMT candle (without wicks)?

My FXDD chart doesn't look like yours on GBP/JPY.

Thanks.
  • #98
  • Aug 31, 2009 11:38pm Aug 31, 2009 11:38pm
Quoting Bobcat2
Hi fed,

What broker are we using to establish the 00:00 GMT candle (without wicks)?

My FXDD chart doesn't look like yours on GBP/JPY.

Thanks.
hi, I am using forex.com
  • #99
  • Aug 31, 2009 11:53pm Aug 31, 2009 11:53pm
g/j is still consolidating, hoping it will move down at euro/london open
  • #100
  • Aug 31, 2009 11:53pm Aug 31, 2009 11:53pm
Quoting fed
Yes for sure, I will place the plan and look at the screen and then I will also indicate the entry, tp1, tp2, sl. If you can get a computer at work, go to http://forex.tradingcharts.com/charts/ or to your favourite website which will provide you a real life chart, you can then look at the chart as well just to make things sure. For now at least for the first couple of weeks just look at the results and follow this thread or you could still place your orders with small lots, its up to you. Glad to help..... I will place my screenshot in...
Yea i am trying this out with my oanda account so i can login to thier web platform on my lunch which i can plan around that candle
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