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  • #101
  • Oct 22, 2009 3:46am Oct 22, 2009 3:46am
Quoting Gleneagles
GBPUSD 50 75 100 TS activated Stopped +69 on TS
50 Stop at BE (second position) Stopped +2 at BE

EURJPY 50 75 TS activated +67 closed manually

GBPJPY 50 75 100 150 TS activated +191 Stopped on TS

EURUSD +40 Stop pulled in to 14970
Edit: Stopped out -34

AUDJPY +40 Stop pulled in Closed -8

NZDUSD +40 +2 Stopped out

Just a quick update
OK , I have no open positions on 240M.
It appears as if we may see some USD strength today looking at the markets.
However, I wait for confirmation, I don`t trade on speculation.
" Never let the past hold the future to ransom "
  • #102
  • Oct 22, 2009 4:23am Oct 22, 2009 4:23am
Quoting Gleneagles
OK , I have no open positions on 240M.
It appears as if we may see some USD strength today looking at the markets.
However, I wait for confirmation, I don`t trade on speculation.
Depending on how many pairs you trade, the average price swing value on 240M can be substantial if a sustainable trend forms.

You can see the swings over a period of time on the 240M charts. On average I estimate around 500-600 pips per swing, trading 8 pairs.
Some swings can net well over a 1000 pips because with the strong trends, the chances are very good that you will have entries in all traded pairs. It is possible that some pairs may be in a loss but being " subsidized " by the winners in other pairs.

I will post a few examples of the techniques I use to trail open positions over the next few days.

Trading 240M is not much different to trading 60M TF, traders are scared because it takes too long. They don`t like being in the market, even if they are in profit There is normally lots of time to convince yourself that the trade will not work if you trade on 240M, it requires a different mindset, something that is required rather quickly once you realize that it is a logical and sensible way to trade. Of course, after looking at the pips gained after a decent swing, you wonder why you sit and stare at charts 12 hours a day looking for 20-30 pips
" Never let the past hold the future to ransom "
  • #103
  • Oct 22, 2009 5:07am Oct 22, 2009 5:07am
Quoting Gleneagles
............................traders are scared because it takes too long. They don`t like being in the market, even if they are in profit There is normally lots of time to convince yourself that the trade will not work if you trade on 240M, it requires a different mindset, something that is required rather quickly once you realize that it is a logical and sensible way to trade. Of course, after looking at the pips gained after a decent swing, you wonder why you sit and stare at charts 12 hours a day looking for 20-30 pips
Hello Glen,

This is exactly where I am at the moment, my current lack of conviction is very frustrating

Looking forward to your examples.
TTFN Merlyn
  • #104
  • Oct 22, 2009 5:48am Oct 22, 2009 5:48am
Quoting harar
Hi
I just found this thread. Thank you paidperpip. I am glad to see Lrathi and Gleneagle contributing their generosity and experience, as usual. I like the title of your thread and hope one day i will be able to fly like eagle
regards
G'day Harar,

Welcome aboard! I echo Lrathi's comments... here its a bit of a self serve setup, with a liberal dose of 'all for one and one for all'.

Time has been a commodity I could with more of currently, but thanks to the helpful folks here, Lrathi's fantastic manual and tuition from Gleneagles, thankfully this thread doesn't need a lot of moderating... We are grown ups here, which is good.

Tomorrow I will update Post #1 with the manual and other things (thanks for your patience Lrathi ). Looks like a lot of folks are having some good success with Glen's guidance. Thanks for playing Glen... We all value your input, even those of us too busy to trade currently. I know time is an issue for you too at times, and we are all the better for what ever you can spare.

Best of luck people!

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #105
  • Oct 22, 2009 7:12am Oct 22, 2009 7:12am
Hi folks,
I'm new to this thread and have just read the manual and all the posts here. It seems an excellent system. Time to test!

Question for Glen please:
1. When you use 60,15,5 and 240,15,5 do you take your trading decision from the 5 minute? If not which TF?

2. Do you use the Royston MTF? If not which?

Thanks.

Question for anyone: Has anyone tried a 15,5 MTF set up?

Thanks,

Castlebrook
  • #106
  • Oct 22, 2009 7:55am Oct 22, 2009 7:55am
Quoting castlebrook
Hi folks,
I'm new to this thread and have just read the manual and all the posts here. It seems an excellent system. Time to test!

Question for Glen please:
1. When you use 60,15,5 and 240,15,5 do you take your trading decision from the 5 minute? If not which TF?

2. Do you use the Royston MTF? If not which?

Thanks.

Question for anyone: Has anyone tried a 15,5 MTF set up?

Thanks,

Castlebrook
Entries are always from 5M charts regardless of the system traded.
I use Royston MTF but there are others that will do the same job.
" Never let the past hold the future to ransom "
  • #107
  • Oct 22, 2009 8:21am Oct 22, 2009 8:21am
Late entry
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Oct. 22 15.18.gif Size: 18 KB
" Never let the past hold the future to ransom "
  • #108
  • Oct 22, 2009 9:09am Oct 22, 2009 9:09am
Glen, Lrathi and Paidperpip,

I was not going to write as I am not really contributing but I have just finished reading this entire thread, I have started reading the manual and I am simply filled with gratitude for what you are doing.

Glen's knowledge seems to speak for itself here... the manual for what I have read so far is clear & concise and then there is this forum...am I in pip heaven???

I have had many hard lessons in forex in the past. I do intend to read the manual 5 times as suggested. I do feel encouraged... very encouraged!

I truly believe in trading with the trend... just recently I have been getting familiar with higher time frames and everything I have read here and in the manual about multi time frames makes such sense to me...

Thank you for EVERYTHING!

Yours TRULY grateful,

Jc from Oz
  • #109
  • Oct 22, 2009 10:03am Oct 22, 2009 10:03am
Quoting Jc_oz
Glen, Lrathi and Paidperpip,

I was not going to write as I am not really contributing but I have just finished reading this entire thread, I have started reading the manual and I am simply filled with gratitude for what you are doing.

Glen's knowledge seems to speak for itself here... the manual for what I have read so far is clear & concise and then there is this forum...am I in pip heaven???

I have had many hard lessons in forex in the past. I do intend to read the manual 5 times as suggested. I do feel encouraged... very encouraged!

I...
Glad you find some value, I am sure you can convert it into pips.
" Never let the past hold the future to ransom "
  • #110
  • Oct 22, 2009 10:26am Oct 22, 2009 10:26am
Glen do you think using 15,5 MTF would be too short term? I'm thinking day trading.

Thanks

Castlebrook
  • #111
  • Oct 22, 2009 10:53am Oct 22, 2009 10:53am
Quoting castlebrook
Glen do you think using 15,5 MTF would be too short term? I'm thinking day trading.

Thanks

Castlebrook
If you are interested in scalping, it is probably OK. Taking your trend direction from 15M is only suitable for small profit targets. You will also see a lot more false signals. Unless you are a skilled scalper and are comfortable trading that way, I do not recommend it.
" Never let the past hold the future to ransom "
  • #112
  • Oct 22, 2009 11:32am Oct 22, 2009 11:32am
Thanks
  • #113
  • Oct 22, 2009 1:16pm Oct 22, 2009 1:16pm
Hi folks,
On page 20 of the manual it says "There is a template provided called Glen 60-15-5.tpl.

Where is this template please?

Thanks

Castlebrook
  • #114
  • Oct 22, 2009 1:32pm Oct 22, 2009 1:32pm
Quoting castlebrook
Hi folks,
On page 20 of the manual it says "There is a template provided called Glen 60-15-5.tpl.

Where is this template please?

Thanks

Castlebrook
Castlebrook,

Look at the top for the paperclip tab. Click on it to open the different attachments... Look for the zip files.... download these and check inside....
You should be able to locate it in there...

Bruce
  • #115
  • Oct 22, 2009 4:41pm Oct 22, 2009 4:41pm
Quoting brucech
Castlebrook,

Look at the top for the paperclip tab. Click on it to open the different attachments... Look for the zip files.... download these and check inside....
You should be able to locate it in there...

Bruce
It may have been a reference to the other thread...

I will also post it on Page #1 for others...

PPP
Attached File(s)
File Type: tpl glen mtf 60-15-5.tpl   49 KB | 333 downloads
How do you make a small fortune in Forex? Start with a large one!
  • #116
  • Oct 22, 2009 8:25pm Oct 22, 2009 8:25pm
Quoting Jc_oz
Glen, Lrathi and Paidperpip,

I was not going to write as I am not really contributing but I have just finished reading this entire thread, I have started reading the manual and I am simply filled with gratitude for what you are doing.

Glen's knowledge seems to speak for itself here... the manual for what I have read so far is clear & concise and then there is this forum...am I in pip heaven???

I have had many hard lessons in forex in the past. I do intend to read the manual 5 times as suggested. I do feel encouraged... very encouraged!

I...
You are welcome! Your understanding of gratitude will reward you many times more.

Attached SCIENCE OF GETTING RICH by Wallace D. Wattles Chapter 7.
Attached File(s)
File Type: pdf science of getting rich.pdf   381 KB | 537 downloads
  • #117
  • Oct 22, 2009 9:13pm Oct 22, 2009 9:13pm
Post #1 now has the PDF and the Optional and Mandatory files for the system. If you don't already have them, they can be found there.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #118
  • Oct 22, 2009 9:17pm Oct 22, 2009 9:17pm
Quoting Jc_oz
Glen, Lrathi and Paidperpip,

I was not going to write as I am not really contributing but I have just finished reading this entire thread, I have started reading the manual and I am simply filled with gratitude for what you are doing.

Glen's knowledge seems to speak for itself here... the manual for what I have read so far is clear & concise and then there is this forum...am I in pip heaven???

I have had many hard lessons in forex in the past. I do intend to read the manual 5 times as suggested. I do feel encouraged... very encouraged!

I...
G'day JC! Welcome aboard!

Hope your time here is fruitful.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #119
  • Oct 23, 2009 2:42am Oct 23, 2009 2:42am
Not a copybook trade

GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Oct. 23 09.33.gif Size: 19 KB
" Never let the past hold the future to ransom "
  • #120
  • Oct 23, 2009 3:07am Oct 23, 2009 3:07am
Not exactly by the rules
Eurgbp has nearly double $ value per pips to most other currencies

All red,red,red,...

Easy one to pick
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 51 KB
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