WARNING: Don't follow me as I'm just learning 
james16 Chart Thread
- #70,542
- Aug 4, 2010 7:44am Aug 4, 2010 7:44am
Be careful because we are in an uptrend right now. And remember its easier to ride the trend than go against it.
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Thanx for the remark, the Guppy is indeed trending up. The divergence and the DBHLC was just to tempting not to trade for a quick countertrend pullback, as it turns out price pulled back to the uptrend line and PA via 2 pinbars confirmed support of the TL. Price soared up after the 2 pinbars !
May the force be with you,
Pipcrawler
- #70,543
- Aug 4, 2010 7:56am Aug 4, 2010 7:56am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
...I took the trade (live) anyway off the 1H-TF...
if price continue to fail to reach/breach 1.3800, then 1.3700 (& lower) looks possible.
good job on that trade. alert mind
- #70,550
- Aug 4, 2010 9:50am Aug 4, 2010 9:50am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
- #70,551
- Aug 4, 2010 10:09am Aug 4, 2010 10:09am
- | Joined Jul 2010 | Status: MAKE IT HAPPEN | 2,220 Posts
Hey Adilius
dont know if thats what you are looking for about NET BREAKEVEN
but on post 70532 by Supreme there is a link to atclarkson posts about this EA with all the explanation about how to manage breakeven or specific pips above breakeven according to the spread I would say
hope it helps
thanks again
Andrea
And thanks to Supreme for pointing this out!!!
Be careful because we are in an uptrend right now. And remember its easier to ride the trend than go against it.
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i didnt expect it to move so fast 
- #70,553
- Aug 4, 2010 10:29am Aug 4, 2010 10:29am
...thank to you guys!
Andrea
PS can you believe I have discovered the holy grail for trading right now???
was demo testing the EA to check it out and I have taken 5 out of 5 trades!!
much more success in 10 minutes of blind entry then in 3 months...
Andrea
PS can you believe I have discovered the holy grail for trading right now???
was demo testing the EA to check it out and I have taken 5 out of 5 trades!!
much more success in 10 minutes of blind entry then in 3 months...
Hey Andrea, thanks a lot! I read through the manual and YES field 2 can be used for what I need!!! Cool! thanks
And thanks to Supreme for pointing this out!!!
- #70,554
- Edited 10:49am Aug 4, 2010 10:34am | Edited 10:49am
A bit too small to counter that uptrend. Let me put it this way . . if that was a PB, that size, would you take it? But I do like the small loss that the IPB provides than a regular PB's, that's for sure.
Hey Eswap,
I would be just a little cautious here. In terms of what we look for in the shape department the IPB is pretty ok, the tail extends down to the previous bar low and the close is bearish. What worries me though is the fact that it is off nothing major. I see no BRN no obvious trend line and no fibs either. So it all just turns out to be a trade going totally against a hugely dominant up trend with only a 35 pip stop. See the catch here on IPBs? They carry good R:R, 1:2 is almost always certain precisely because of a tight stop - which...
The IPB failed indeed, so another trade in the "still to learn" basket.
Trading: the skill of avoiding trades
thx Correct. You need your MT4 running for the EA to work.
Here is another item to remember. When you set a stop loss or take profit for your trade, that value is sent to the broker server. So if you close MT4, those values will still take effect if the value is hit.
However, a trailing stop is stored on YOUR computer, not the broker computer. So if you close MT4, your trailing stop will NOT work. Some people don't realize that distinction.
Hello. I have been trading forex for about 2 years with limited success. I was referred to this thread from other threads on FF so here I am. I can see that this thread commands a lot of respect in the FF community and I'd like to be a regular here to learn and grow. I've read through the initial posts but I'm confused about the various abbreviations that you guys use to denote different price action setups. I've looked hard for a summary/explanation of these for newbies but couldn't find it. It'd be great if someone can point me in the right direction....
