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  • #1,861
  • Jun 24, 2011 7:51am Jun 24, 2011 7:51am
Quoting jmw1970
your AU trade looks to have the same problem my EU trade had (updated the previous post)

unable to hold the break of the middle line

this where you must decide to hold or let it stop out

though if you look at the 4h stoch, although up there has been next to no movement in the last hours
thanks, im learning slowly and i see what you mean, so i pulled out for +1.7

lets look for more
  • #1,862
  • Jun 24, 2011 7:58am Jun 24, 2011 7:58am
hoping for a usdcad long soon, what do u think?
  • #1,863
  • Jun 24, 2011 8:00am Jun 24, 2011 8:00am
DAMMMMMMMM

this is where have certain hard rules can go against you

I never use more than a 20pip stop, sometimes less depending on the swing low

EURUSD trade (http://www.forexfactory.com/showthre...=1#post4723689)

If i had placed my stop at the swing low (which would have meant a 29pip stop), not only would my trade have survived but hit it's take profit

This is why correct placement of stops is important, maybe my 20pip rule will not work with this method

and either - don't take a trade when sl would be more than 20pips or get rid of my max sl rule altogether.

decisions, decisions
  • #1,864
  • Jun 24, 2011 8:06am Jun 24, 2011 8:06am
Quoting jmw1970
DAMMMMMMMM

this is where have certain hard rules can go against you

I never use more than a 20pip stop, sometimes less depending on the swing low

EURUSD trade (http://www.forexfactory.com/showthre...=1#post4723689)

If i had placed my stop at the swing low (which would have meant a 29pip stop), not only would my trade have survived but hit it's take profit

This is why correct placement of stops is important, maybe my 20pip rule will not work with this method

and either - don't take a trade when sl would...
SL is v important i think, always below or above swings, i dont use a hard set amount i always set sl by what price is telling me, in this case it would of helped you no end anyway im still looking at eurjpy and usd cad
  • #1,865
  • Jun 24, 2011 8:13am Jun 24, 2011 8:13am
66trader66

I went through this 100% usage some time ago and changed to a different MT4 broker for my charts and found that cured the problem.

Interbank opened at the same time with either FxPro or Alpari charts chewed up resources, so much so that constantly the usage was 100% (drove me crazy) yet GoMarkets charts with either of the three named charts doesn't...............go figure.

I like having two different charts open at the same time as I find it easier to pick up gaps in data.


Di
  • #1,866
  • Jun 24, 2011 8:16am Jun 24, 2011 8:16am
true,

I also noticed i made another mistake in placing that order, high impact news being released

p.s. i have a sellstop waiting on ej at the mid-line


Quoting deankenny21
SL is v important i think, always below or above swings, i dont use a hard set amount i always set sl by what price is telling me, in this case it would of helped you no end anyway im still looking at eurjpy and usd cad
  • #1,867
  • Jun 24, 2011 8:18am Jun 24, 2011 8:18am
Quoting jmw1970
true,

I also noticed i made another mistake in placing that order, high impact news being released

p.s. i have a sellstop waiting on ej at the mid-line
why a sell stop and also why on mid line

i thought we entered on or either the rf candle direction ?
  • #1,868
  • Jun 24, 2011 8:18am Jun 24, 2011 8:18am
Quoting deankenny21
hoping for a usdcad long soon, what do u think?
Watching with interest

not much going on, hard to not pull the trigger, eh

  • #1,869
  • Jun 24, 2011 8:21am Jun 24, 2011 8:21am
I use a similar method of entry to P.Dean

I find what i believe is the trigger candle, (sometimes via RF Finder but not always) and then enter usually with a buy/sell stop with a buffer.

helps avoid false breaks.

Quoting deankenny21
why a sell stop and also why on mid line

i thought we entered on or either the rf candle direction ?
  • #1,870
  • Jun 24, 2011 8:21am Jun 24, 2011 8:21am
Quoting docrock
Watching with interest

not much going on, hard to not pull the trigger, eh

i sold eur chf 4 hr stoch down, off the top tma , tma lines sloping downwards trade still open at +15
  • #1,871
  • Jun 24, 2011 8:22am Jun 24, 2011 8:22am
EURJPY - initial target lower band
Attached Image
  • #1,872
  • Jun 24, 2011 8:36am Jun 24, 2011 8:36am
update on short eur chf

+18.3 pips

i had a streak of 6 losers, so this was nice
  • #1,873
  • Jun 24, 2011 8:53am Jun 24, 2011 8:53am
cool, now a new streak has started, right

  • #1,874
  • Jun 24, 2011 8:55am Jun 24, 2011 8:55am
Quoting peterporter
mom eurchf sell
Again I took this MOM cos the trend is good for down on all TF like yesterday
  • #1,875
  • Jun 24, 2011 9:06am Jun 24, 2011 9:06am
Quoting docrock
cool, now a new streak has started, right

yes hopefully, we should get this thread more active again, for learning and live trading purposes
  • #1,876
  • Jun 24, 2011 9:43am Jun 24, 2011 9:43am
EURJPY +29.7pips

see http://www.forexfactory.com/showthre...=1#post4723856
for entry
Attached Image
  • #1,877
  • Jun 24, 2011 10:09am Jun 24, 2011 10:09am
Quoting jmw1970
EURJPY +29.7pips

see http://www.forexfactory.com/showthre...=1#post4723856
for entry
well done i could have pulled alot more from my eur chf too, but i bailed out at +18
  • #1,878
  • Jun 24, 2011 10:22am Jun 24, 2011 10:22am
this thread is dying people, no one hardly posts thier setups no more, let alone the author seeming to have dissapeared aswell which is a shame
  • #1,879
  • Jun 24, 2011 10:32am Jun 24, 2011 10:32am
Quoting deankenny21
this thread is dying people, no one hardly posts thier setups no more, let alone the author seeming to have dissapeared aswell which is a shame
Seems to be quite a few lurkers though, 33 at present time watching thread...


e/u seems ranging now, Ive just been scalping a bit, workin it
+30 on a bunch of little trades
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  • #1,880
  • Jun 24, 2011 10:34am Jun 24, 2011 10:34am
Well if you look at the charts just above your post then i am not surprised, a great guys system has been truly bastardised
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