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  • #821
  • Oct 30, 2009 3:12am Oct 30, 2009 3:12am
some indecision going on with the pound - don't worry someone will soon set the record straight
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  • #822
  • Oct 30, 2009 3:22am Oct 30, 2009 3:22am
told ya - floating a 18
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  • #823
  • Edited 5:33am Oct 30, 2009 5:11am | Edited 5:33am
Quoting Tony112
what if we set a minimum of 200 pips what do you guys think?
Its worth a shot but I think it would take many tries with our SL getting hit before we get 200 pips. Kind of like going for a flush Ace high.

I think we would need to identify other parameters which indicate that this could be a big move.

A lot of false moves tonite.
  • #824
  • Oct 30, 2009 8:42am Oct 30, 2009 8:42am
GU's price action is a bit choppy today. One big bar followed by another big bar to a different direction.
  • #825
  • Oct 30, 2009 12:09pm Oct 30, 2009 12:09pm
Just realized when the overall trend is choppy, just about all big moves (6-10pips) will fail. When in a good trend, you can be more aggressive as they will be more than likely work out.
Figuring out when to trade and when to sit on your hands is key.
  • #826
  • Oct 30, 2009 8:59pm Oct 30, 2009 8:59pm
some are missed opportunities
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  • #827
  • Oct 30, 2009 9:00pm Oct 30, 2009 9:00pm
Quoting stinger88
Just realized when the overall trend is choppy, just about all big moves (6-10pips) will fail. When in a good trend, you can be more aggressive as they will be more than likely work out.
Figuring out when to trade and when to sit on your hands is key.

Absolutely stinger, I'll post something next week on which ones to avoid
Invest in alarm clocks
  • #828
  • Oct 30, 2009 9:02pm Oct 30, 2009 9:02pm
10 pip bars are psychological levels are golden
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  • #829
  • Oct 30, 2009 9:05pm Oct 30, 2009 9:05pm
this week ended with a 1.17% growth which is bigger than other weeks last trade wasn't captured during CANADIAN GDP today at 8:30 resulting in 40 pips on maximum leverage on the USD/CAD that requires a small margin... L method going upwards was used. See you next week & take care.
Invest in alarm clocks
  • #830
  • Oct 31, 2009 12:52pm Oct 31, 2009 12:52pm
Next week is full of stupendous news. Caution for the faint-hearted. I will pay particular attention to AUD Cash Rate 11:30pm Mon Nov 2 . I can bet you my bank account this news will shake the pair.

I will place a PREDETERMINED BUY of the AUD/USD, 5 sec. before the news comes as the cash rate is predicted to go from 3.25% to 3.50%.
Invest in alarm clocks
  • #831
  • Oct 31, 2009 6:28pm Oct 31, 2009 6:28pm
hi tony i agree with you, that news announcement will shake the pair but do you think its wise to guess the news?
  • #832
  • Oct 31, 2009 8:28pm Oct 31, 2009 8:28pm
Quoting monies
hi tony i agree with you, that news announcement will shake the pair but do you think its wise to guess the news?
It's the only news I trade with a predetermined bet. Because they are more likely to raise the rate than to leave it like it is. So my philosophy is that I have more than 50% chance of guessing hence it is in my advantage. As always nothing is guaranteed, proceed with caution and at your own risk. Direction on news events is sometimes choppy and random. I will give it a try with some money I am willing to risk
Invest in alarm clocks
  • #833
  • Oct 31, 2009 9:09pm Oct 31, 2009 9:09pm
Quoting Tony112
this week ended with a 1.17% growth which is bigger than other weeks last trade wasn't captured during CANADIAN GDP today at 8:30 resulting in 40 pips on maximum leverage on the USD/CAD that requires a small margin... L method going upwards was used. See you next week & take care.
So 1% growth per week is average? I thought you could make much more since you are using the maximum leverage.
  • #834
  • Oct 31, 2009 10:05pm Oct 31, 2009 10:05pm
Quoting Baby001
So 1% growth per week is average? I thought you could make much more since you are using the maximum leverage.
My bad... 117% or 1,17 growth .... sorry
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  • #835
  • Nov 1, 2009 2:21pm Nov 1, 2009 2:21pm
Quoting Tony112
My bad... 117% or 1,17 growth .... sorry
That makes more sense! So you aim for 100 pips everytime when you take a 10 pips bar, right? Do you trail the SL?
  • #836
  • Nov 1, 2009 3:43pm Nov 1, 2009 3:43pm
Quoting Baby001
That makes more sense! So you aim for 100 pips everytime when you take a 10 pips bar, right? Do you trail the SL?
Yep, I trail it up to " break even " or 0 pip SL...
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  • #837
  • Nov 1, 2009 4:33pm Nov 1, 2009 4:33pm
Tony no joke mate but with the returns you are having you really should think of setting up some sort of fund? If you havent already...I mean I cant wait for tomorrow Im actually hooked with this system waiting on S&R lines and dropping to 5sec gives a huge impact. So dont have to wait just watching.

Its working for me but yeah just a thought...

Unless your already loaded and just like trading your own money lol
  • #838
  • Nov 1, 2009 4:38pm Nov 1, 2009 4:38pm
Hey guys,

This may have been asked before (sorry!), but why not make an EA that searches for a 10 pip candle???
  • #839
  • Nov 1, 2009 4:40pm Nov 1, 2009 4:40pm
Its somewhere in here, someone did it on Ninjatrader but I think its hard to capture 10 pip candles and then continuation...Im afraid this is best done manually...

Btw, It works great if you have the time

Oz
  • #840
  • Nov 1, 2009 6:29pm Nov 1, 2009 6:29pm
Quoting ozzieb88
Tony no joke mate but with the returns you are having you really should think of setting up some sort of fund? If you havent already...I mean I cant wait for tomorrow Im actually hooked with this system waiting on S&R lines and dropping to 5sec gives a huge impact. So dont have to wait just watching.

Its working for me but yeah just a thought...

Unless your already loaded and just like trading your own money lol
I'm hooked too... I've invested a lot of time in this and I'm loving it. It's the key of success, you gotta love it. To tell you the truth, I don't need any additional funding. It's the law of exponential growth.... Even if I had to start over with only 500$, using a good trading and money management skills would lead me right back at where I am now. I'm not that loaded because I always withdraw $ to spend or live with it... In contrast... if you had 1M$ in your bank account, using a poor trading system and mm would lead you to bankruptcy... it's just a matter of time in both cases. To me what's important is to see constant growth ... and after it will only take time.
Invest in alarm clocks
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