GBPJPY Daily Trend Method | Page 29 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Weekly Trend Trading Method 651 replies

bo7a method... method for GBP/JPY 205 replies

Gbpjpy/gbpusd charts and setups-> [Piters Method] 158 replies

Easy trend trading method 6 replies

Jacko's P&P Trend Trading Method 73 replies

Attachments: GBPJPY Daily Trend Method
Exit Attachments

GBPJPY Daily Trend Method

  • #561
  • Aug 6, 2010 9:00am Aug 6, 2010 9:00am
GY Daily Trend Method: Wait
  • #562
  • Aug 6, 2010 9:32am Aug 6, 2010 9:32am
GY Daily Trend Method: Wait
  • #563
  • Aug 6, 2010 10:00am Aug 6, 2010 10:00am
GY Daily Trend Method: No Trade Today
  • #564
  • Aug 9, 2010 8:46am Aug 9, 2010 8:46am
Today's trade is going to be very close. The ADX is flirting with the 25 level and the RSI is also questionable here.......
  • #565
  • Aug 9, 2010 9:01am Aug 9, 2010 9:01am
GY Daily Trend: No Trade Today

ADX below 25
  • #566
  • Aug 9, 2010 7:56pm Aug 9, 2010 7:56pm
Traders, I probably won't be able to give out trade signals tomorrow because of a court hearing that I have at 9:00am regarding my house. My wife and I had to bring a law suit against our home builder.... here is a video that explains it better.
Inserted Video
  • #567
  • Aug 11, 2010 8:29am Aug 11, 2010 8:29am
Trade time coming up!
  • #568
  • Aug 11, 2010 9:00am Aug 11, 2010 9:00am
GY Daily Trend Method: Wait
  • #569
  • Aug 11, 2010 10:15am Aug 11, 2010 10:15am
I am starting to use the system. I was curious if the trade manager is set up to accept 5 digit brokers or do you need to accomodate for that. For example, if we want a 35 pip TP do we enter 35 or 350?

Thanks

Mark
  • #570
  • Aug 12, 2010 8:36am Aug 12, 2010 8:36am
Quoting mhall
I am starting to use the system. I was curious if the trade manager is set up to accept 5 digit brokers or do you need to accomodate for that. For example, if we want a 35 pip TP do we enter 35 or 350?

Thanks

Mark
Mark, sorry for the delayed response. You will need to add an extra zero if you are on a five digit broker. Nice to have you along

Michael
  • #571
  • Aug 12, 2010 8:37am Aug 12, 2010 8:37am
Traders,

I was stopped out of yesterday's trade on that nice 38.2% retracement.
  • #572
  • Aug 12, 2010 10:36am Aug 12, 2010 10:36am
Pivot: 134 Our preference: Short positions below 134 with targets @ 132.8 & 132 in extension.Alternative scenario: Above 134 look for further upside with 134.5 & 135 as targets.Comment: the RSI is turning down, the pair is under pressure and is approaching its previous low.Key levels135134.5134133.2 last132.8132131.6
  • #573
  • Aug 12, 2010 11:11am Aug 12, 2010 11:11am
Sorry for being late......there was no trade for the day.... ADX was below 25
  • #574
  • Aug 12, 2010 11:14am Aug 12, 2010 11:14am
Quoting Piter Profit
Pivot: 134 Our preference: Short positions below 134 with targets @ 132.8 & 132 in extension.Alternative scenario: Above 134 look for further upside with 134.5 & 135 as targets.Comment: the RSI is turning down, the pair is under pressure and is approaching its previous low.Key levels135134.5134133.2 last132.8132131.6
Thanks for the comments, price levels, and targets. However, please keep in mind that this thread is for the GY Daily Trend Method.

Michael
  • #575
  • Aug 13, 2010 9:01am Aug 13, 2010 9:01am
GY Daily Trend Method: Wait
  • #576
  • Aug 13, 2010 9:03am Aug 13, 2010 9:03am
If I understand correctly, would it be considered a no trade for the day since the first candle was below 25?

Thanks

Mark
  • #577
  • Aug 13, 2010 9:31am Aug 13, 2010 9:31am
GY Daily Trend Method: No Trade Today.
ADX dropped below 25
  • #578
  • Aug 13, 2010 9:34am Aug 13, 2010 9:34am
Quoting mhall
If I understand correctly, would it be considered a no trade for the day since the first candle was below 25?

Thanks

Mark
At the close of the first bar my ADX read 27.1628. At the close of the second bar my ADX read 23.9401.
  • #579
  • Aug 13, 2010 3:13pm Aug 13, 2010 3:13pm
So, trades for the day are canceled if the ADX drops below 25 on the first or second candle? Would we still not trade If the ADX was below 25 on the second candle and above on the third? Or would we trade the third? thanks for the help.

Mark
  • #580
  • Aug 16, 2010 8:56am Aug 16, 2010 8:56am
Quoting mhall
So, trades for the day are canceled if the ADX drops below 25 on the first or second candle? Would we still not trade If the ADX was below 25 on the second candle and above on the third? Or would we trade the third? thanks for the help.

Mark
You WOULD NOT trade the third.
0 traders viewing now