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Central Banks & Big Players

  • #1,761
  • Mar 21, 2010 4:46pm Mar 21, 2010 4:46pm
frankkn, yes, break even means you lose no money... 0 loss. Including the spread. especially if your trading high lots.
  • #1,762
  • Mar 21, 2010 5:13pm Mar 21, 2010 5:13pm
allready locked in my 10 ticks for today on gbp/usd on the false break with max leverage. lets see what it does.


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  • #1,763
  • Edited 5:49pm Mar 21, 2010 5:38pm | Edited 5:49pm
well, came back on me but hey... I moved my SL to +10 after the spread so a good first trade. But I think it might continue up a bit before a turnaround unless it actually does breakout further down but there is no real direction as of right now. thats what I mean but who the hell knows where it will go... but you can count on low timeframe PA for quick in and outs with tight stops.

but now with tony's method in mind, I will work on letting them ride for longer take profits as soon as we see some high volatility. I like the frankfurt open on GU into london open. so I will be doing this with GU then.

during NY hours I pay more attention to EU since it doesn't seem to have as much cable influence as during london session... for my quick scalps.
  • #1,764
  • Mar 21, 2010 5:51pm Mar 21, 2010 5:51pm
Quoting Tony112
Very good point... and yes you're right, I have never ever sold anything in here.... unlike forex system sellers, I actually am able to grow an account WITH the actual system I'm using hence I have nothing to sell here

but I have lots to share, because I have a passion for success

One thing I might not agree with you is scalping, you have to keep in mind that my minimum TP nowadays is 120pips, yes I agree the SL are tight, but I don't know if we may call my trades scalping, specially trades that I close after days... but you have a great thinking...
Hello Tony112,I will try your trading system in the upcoming fo/lo session.since you have switched to a longer time frame you can still use your original method and keep your position on your 4hr trade,why not ? trade within your trade. your 4hr trade has no effect on your shorter tf trade.. thanxs for sharing your method
  • #1,765
  • Mar 21, 2010 6:14pm Mar 21, 2010 6:14pm
First, I have to say that by reading this thread I think that I've landed on a goldmine !!....Tony112 is the mannn
  • #1,766
  • Mar 21, 2010 7:07pm Mar 21, 2010 7:07pm
Hi Tony and everyone,

I've been lurking here and have a question. Since the sl's are so small, I guess you are throwing the max lot sizes that your margin allows at each trade ? Is this right ? ie. If you had a 1k account through like 4-5 minis at it ?


Thanks,

Sean
  • #1,767
  • Mar 21, 2010 7:27pm Mar 21, 2010 7:27pm
Quoting seanint
Hi Tony and everyone,

I've been lurking here and have a question. Since the sl's are so small, I guess you are throwing the max lot sizes that your margin allows at each trade ? Is this right ? ie. If you had a 1k account through like 4-5 minis at it ?


Thanks,

Sean

yea exactly, about the equivalent of 3 lots per 1K max leverage
Invest in alarm clocks
  • #1,768
  • Mar 21, 2010 7:28pm Mar 21, 2010 7:28pm
Quoting frankkn
tony:

do we add the spread when moving stop to b/e

for example, if the spread is 1 pip, and our long entry was 1.0000, do we place our stop at 1.0001?
yea you have to set the SL red line at the tip of the arrow (where you entered) >l
Invest in alarm clocks
  • #1,769
  • Mar 21, 2010 7:31pm Mar 21, 2010 7:31pm
Quoting Benjie
First, I have to say that by reading this thread I think that I've landed on a goldmine !!....Tony112 is the mannn
come on I'm just a regular guy... but persistence is something I have

take advantage of it it's free, I hope it comes back to me in another form LOL
Invest in alarm clocks
  • #1,770
  • Mar 21, 2010 7:35pm Mar 21, 2010 7:35pm
we have no support or resistance to trace yet
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  • #1,771
  • Mar 21, 2010 8:15pm Mar 21, 2010 8:15pm
Quoting Tony112
we have no support or resistance to trace yet
What time frame you looking for support/resistance levels??
  • #1,772
  • Mar 21, 2010 8:29pm Mar 21, 2010 8:29pm
Quoting Mightyzoner
What time frame you looking for support/resistance levels??
5M
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  • #1,773
  • Mar 21, 2010 8:32pm Mar 21, 2010 8:32pm
less than five hours

can you taste it
  • #1,774
  • Mar 21, 2010 8:37pm Mar 21, 2010 8:37pm
Quoting Tony112
5M
I've noticed you close some trades before they hit the 120 TP. Is this because the price hits s/r?
  • #1,775
  • Mar 21, 2010 9:44pm Mar 21, 2010 9:44pm
Quoting lolpie
I've noticed you close some trades before they hit the 120 TP. Is this because the price hits s/r?
greed
Invest in alarm clocks
  • #1,776
  • Mar 21, 2010 9:45pm Mar 21, 2010 9:45pm
1.5015 ???
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  • #1,777
  • Mar 21, 2010 10:38pm Mar 21, 2010 10:38pm
s+r on the 5m
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  • #1,778
  • Mar 21, 2010 11:31pm Mar 21, 2010 11:31pm
i was sleeping
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  • #1,779
  • Mar 22, 2010 12:02am Mar 22, 2010 12:02am
i got my first ten pips from it!
  • #1,780
  • Mar 22, 2010 12:50am Mar 22, 2010 12:50am
Quoting frankkn
i got my first ten pips from it!

well done, with time you will learn to set your SL0 and leave your workstation
Invest in alarm clocks
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