hey andrew is their an email alert for your indicators?
Hello, Andrew! Your system very nice! Thank you for sharing.. I've been testing it for 2 weeks on demo 1h-4h timeframe - the results are good, very good!
By the way, what do you think about using an additional indi in your system - standart fractals. Use it only after the 1st entry (1st pending order is opened). Use it just for increase total profit..
Let's see, what we have:
1. Know the trend direction.
2. Have 1st pend order opened.
3. (Maybe) Open additional orders on some price rebounds.
4. Open some additional orders by the standart BW fractals.
With fractals we have (if we catch the trend in the beginning) 2-3 (or more) additional trades with good potential (if we guess the trend direction correctly). The sl and exit rules are like your's.
Andrew, what do you say about that?
Best regards, Noisee.
By the way, what do you think about using an additional indi in your system - standart fractals. Use it only after the 1st entry (1st pending order is opened). Use it just for increase total profit..
Let's see, what we have:
1. Know the trend direction.
2. Have 1st pend order opened.
3. (Maybe) Open additional orders on some price rebounds.
4. Open some additional orders by the standart BW fractals.
With fractals we have (if we catch the trend in the beginning) 2-3 (or more) additional trades with good potential (if we guess the trend direction correctly). The sl and exit rules are like your's.
Andrew, what do you say about that?
Best regards, Noisee.
The most successful trade for the last week in the forex market according to my trading system rules: GBPJPY, 4-hour timeframe (February 26, 2010)
I would appreciate if you can shed some light on the direction of this pair.Also I have been long on GBPNZD for a about 2 weeks and this pair seems to trend down more than up. I am holding on to it as it when it changes direction it charcteristically goes ballistic.
Please post me your comments.
Thanking You
- #233
- Edited 6:08pm Feb 28, 2010 5:59pm | Edited 6:08pm
- | Joined Jan 2010 | Status: Trader | 175 Posts
Hello, Andrew! Your system very nice! Thank you for sharing.. I've been testing it for 2 weeks on demo 1h-4h timeframe - the results are good, very good!
By the way, what do you think about using an additional indi in your system - standart fractals. Use it only after the 1st entry (1st pending order is opened). Use it just for increase total profit..
Let's see, what we have:
1. Know the trend direction.
2. Have 1st pend order opened.
3. (Maybe) Open additional orders on some price rebounds.
4. Open some additional orders by the standart BW...
I've not been trading the system with fractals. It looks nice for adding to the current position in trend using the fractals. So, of course, you can use fractals if you feel comfortable in it.
Dear Andrew. I liked if are able to give some ide with my trade.I went short on the GBPJPY @ 134.846 hopig for a ride down to 133.810 as first target and then possibly down to 132-131 area.
I would appreciate if you can shed some light on the direction of this pair.Also I have been long on GBPNZD for a about 2 weeks and this pair seems to trend down more than up. I am holding on to it as it when it changes direction it charcteristically goes ballistic.
Please post me your comments.
Thanking You
Best regards, Andrew Forex
Hi, Noisee!
I've not been trading the system with fractals. It looks nice for adding to the current position in trend using the fractals. So, of course, you can use fractals if you feel comfortable in it.
Hi, Waheed! The price movements in the forex market are unpredictable at all. And nobody knows what will happen in the future. So, one should use some trading rules to get the expected direction of the price movement. According to my trading system the GBPJPY is in down trend currently on 4-hour chart. Concerning GBPNZD I'll not tell you because...
Thanks Andrew.You reply is appreciated.
