Dislikednice observation there.
but for this system.i think we have to at least check the prices every few hrs. cannot afford not to trade for a few days right? .Ignored
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Dislikedam i right? so u always open limit order for the nxt set up when u start the current order?
YES
what if when u go to slp and u miss a few wins? u continue to draw the lines and start from there?
YES
anyway u said that if trending u going to put ur sl at 100pips. if u hit that sl wont u lose quite a bit of pips there? or its better to follow ur previous sl at 50pips. even if it hits its still not so pain. LOL.Ignored
DislikedNo, my SL is always 50 pips.
When the price give me 50 pips more, i move my SL, because in a trend, i just have a SL, not a TP, i move my SL each time i have 50 pips more.
I said in the beginning of this thread that my SL = 50 and my TP = 50 because it's easier to understand. But in fact, i use both TP and SL only in ranges.Ignored
DislikedHi everyone I have follow this thread for a while (ok ok I have been following since yesterday and I like it). I notice that people been asking about the USD/JPY and I have backtest the USD/JPY using the the 50 pips methods and I don't know if I did it right but I followed it the same way I learned it on here and here are my result since Aug - Nov. It would only let me backtest to Aug on my meta trader for some reason but here are the results.
Aug: +50 pips
Sep: -150 pips
Oct: +150 pips
Nov: +200 pips
You don't earn as much as GBP/USD, but hey...Ignored
Dislikedi see i see. i think i nv phrase my q properly one the one u are slping.
when u are slping right then u will miss a few trades. then will ur trades still be balance out? what u the time u slp are all the wins and the time u awake are the loses.Ignored
DislikedHi everyone I have follow this thread for a while (ok ok I have been following since yesterday and I like it). I notice that people been asking about the USD/JPY and I have backtest the USD/JPY using the the 50 pips methods and I don't know if I did it right but I followed it the same way I learned it on here and here are my result since Aug - Nov. It would only let me backtest to Aug on my meta trader for some reason but here are the results.
Aug: +50 pips
Sep: -150 pips
Oct: +150 pips
Nov: +200 pips
You don't earn as much as GBP/USD, but hey...Ignored
DislikedZedbulon,
Can you clarify the SL movement that you follow?
Looking in my chart when price crosses below red box-A we enter short with SL1 at -50 pips. When price crosses below red box-B we move to SL2 (breakeven). When price crosses below C you could:
a) Move to SL3 (50 pips profit) and your trade stops with the next blue box
b) Take profit at TP=100 pips profit but you miss a probable move lower as often happens.
Which option would you use?
KostasIgnored
DislikedZebulon,
Have you ever considered this pattern?
V A V A V A V A V
V A V A V A V A V
You will never win with this pattern if you follow the rules on post #1.
There is possibility it could happen !!!
Just a thoughtIgnored
DislikedZebulon,
Have you ever considered this pattern?
V A V A V A V A V
V A V A V A V A V
You will never win with this pattern if you follow the rules on post #1.
There is possibility it could happen !!!
Just a thoughtIgnored
DislikedZebulon,
How about this other pattern ?
V
V
A
V
V
A
V
V
A
This pattern also will cause your system as disclosed on page #1 to fail.
What are your thoughts about this.Ignored