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- #1,843
- Sep 1, 2009 7:50am Sep 1, 2009 7:50am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #1,845
- Sep 1, 2009 7:58am Sep 1, 2009 7:58am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
here is my effort, almost too embarrassed to post after Glen's excellent charts.
Maybe, I need to get away from BIG picture scenarios.
Maybe, you should get rid of most of your indicators 
If to speak seriously - do you really use all of that stuff that is on your chart?? At least I do not understand from the picture on what basis did you enter...
- #1,846
- Sep 1, 2009 8:01am Sep 1, 2009 8:01am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
Glen, I am happy that I was right - GU broke 16200 and is moving down 
Probably not for long but I am in and first profit taken
160 is not normal ADR for GU, so I expected that today's range may be bigger Entered 4 hours ago at the break of H1 signal candle. And first profit was set at 1.6202, so I tried to prepare for the scenario that price could bounce back from 00.
Probably not for long but I am in and first profit taken
160 is not normal ADR for GU, so I expected that today's range may be bigger
Entered 4 hours ago at the break of H1 signal candle. And first profit was set at 1.6202, so I tried to prepare for the scenario that price could bounce back from 00.
- #1,847
- Sep 1, 2009 8:07am Sep 1, 2009 8:07am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
here is my effort, almost too embarrassed to post after Glen's excellent charts.
Maybe, I need to get away from BIG picture scenarios.
This will work as well
" Never let the past hold the future to ransom "
- #1,848
- Sep 1, 2009 8:09am Sep 1, 2009 8:09am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
Glen, I am happy that I was right - GU broke 16200 and is moving down
Probably not for long but I am in and first profit taken
160 is not normal ADR for GU, so I expected that today's range may be bigger
" Never let the past hold the future to ransom "
- #1,850
- Sep 1, 2009 8:30am Sep 1, 2009 8:30am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #1,851
- Sep 1, 2009 8:34am Sep 1, 2009 8:34am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
Xcret, No threats of banning, intimidation, insult, superiority or indicator bashing.
Are many helpful people on board here without the personality clashes we've seen elsewhere.
" Never let the past hold the future to ransom "
- #1,852
- Sep 1, 2009 8:35am Sep 1, 2009 8:35am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
Here is my ugly trade. Please note that after my entry there were 3 proper entry signals... But never mind, over 100 pips for today
- #1,853
- Sep 1, 2009 8:36am Sep 1, 2009 8:36am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
Xcret,...
- #1,854
- Sep 1, 2009 8:37am Sep 1, 2009 8:37am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
Here is my ugly trade. Please note that after my entry there were 3 proper entry signals... But never mind, over 100 pips for today
" Never let the past hold the future to ransom "
Hi guys - the old eyeballs are hanging out from a shed load of back testing and I'd appreciate any comments you have on the following.
I'm planning on trading 3 pairs Cable/EurYen/Eur$ (I know that last one isn't one of Glens favs), and until I feel proficient enough I'll stick with just the 60/15/5 time frame. At the moment I don't intend to trade scale out style, and am looking for a straight 20 pip PT or a stop. I'll move the stop based on price action swing hi/lo's up until eith PT or stop is hit.
For money mgt I'm looking at a 2500 pip bank from which all 3 pairs will be traded, everything I've tested suggests this is a nice safe bank size - if any of you supertraders feel that's not appropriate I'd appreciate what you'd suggest.
From everything I've tested I can see that this approach will get me into many of the trades I would have previously taken - only this way gets me in a lot sooner, meaning my stops are closer as is my profit target - which has to be a good thing
Thanks again for all the positive posting Cheers Ziggy
I'm planning on trading 3 pairs Cable/EurYen/Eur$ (I know that last one isn't one of Glens favs), and until I feel proficient enough I'll stick with just the 60/15/5 time frame. At the moment I don't intend to trade scale out style, and am looking for a straight 20 pip PT or a stop. I'll move the stop based on price action swing hi/lo's up until eith PT or stop is hit.
For money mgt I'm looking at a 2500 pip bank from which all 3 pairs will be traded, everything I've tested suggests this is a nice safe bank size - if any of you supertraders feel that's not appropriate I'd appreciate what you'd suggest.
From everything I've tested I can see that this approach will get me into many of the trades I would have previously taken - only this way gets me in a lot sooner, meaning my stops are closer as is my profit target - which has to be a good thing
Thanks again for all the positive posting Cheers Ziggy
- #1,859
- Sep 1, 2009 9:41am Sep 1, 2009 9:41am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
None that time I'm afraid. (We don't need no stinkin higher timeframe confirmation.) Just kidding!!!!
I'm afraid I'm too eclectic for my own good. There are many ways to make money with fx, but there are far more ways to lose.
Just bringing in another perspective, and if it doesn't conform to the overall goal of maximum profitability, it should be politely discarded and no harm done.
Thanks all!