ah...seems a good reason..
my bad
fxozgirl....keeping it simple!
- #225
- Jul 19, 2011 5:20pm Jul 19, 2011 5:20pm
audchf, gbpaud whilst technically valid signals, I didn't take these trades today as I wasn't convinced with the amount of penetration above the 20 level from the stoch signal....
We shall wait for tomorrow to see what transpires with these pairs. Every day I remind myself that I don't HAVE to be in a trade...so I am looking for the 'A' trades so as to have the best chance of success, not borderline trades that may turn against me.
Good pipping to everyone
We shall wait for tomorrow to see what transpires with these pairs. Every day I remind myself that I don't HAVE to be in a trade...so I am looking for the 'A' trades so as to have the best chance of success, not borderline trades that may turn against me.
Good pipping to everyone
- #226
- Jul 21, 2011 1:20am Jul 21, 2011 1:20am
20/07/11
gbpchf
opened buy 0.03 1.32946 sl 300 tp 500 be+2 50
gbpchf update
Trade is currently down approx 20 pips at the moment after being down approx 70 pips at the open of the candle this morning. Hopefully we will see continued movement up towards breakeven
- #231
- Jul 21, 2011 1:41am Jul 21, 2011 1:41am
As a user of the 'original flavour' LC daily method, I'm following this with close interest, keep up the good work........Do you have an update on your live pip total this week fxozgirl?
Hey stricky,
Thanks for visiting
I have not traded live with this method this week, mainly because my live account is dealing with some eur cross trades from last week (from another system) that are still recovering, so would prefer not to add any further trades there until we see what happens at the euro summit tonight.
I am hopeful that the need to protect the euro will see some decisions that will allow the markets to recover somewhat from last weeks panic.
In the meantime, I will continue forward testing on my demo account, although I still won't trade any eur cross until it is clearer what the outcome in europe will be.
In a way this turmoil in the market is good as it's allowing me to watch and learn how this type of market affects this system and the way it trades, so if similar market conditions prevail at any time in the future (which they will), I will have experience to know whether to trade or not.
Cheers
Hey stricky,
Thanks for visiting
I have not traded live with this method this week, mainly because my live account is dealing with some eur cross trades from last week (from another system) that are still recovering, so would prefer not to add any further trades there until we see what happens at the euro summit tonight.
I am hopeful that the need to protect the euro will see some decisions that will allow the markets to recover somewhat from last weeks panic.
In the meantime, I will continue forward testing on my demo account, although...
- #233
- Jul 21, 2011 3:55pm Jul 21, 2011 3:55pm
21/07/11
gbpchf update
Trade is currently down approx 20 pips at the moment after being down approx 70 pips at the open of the candle this morning. Hopefully we will see continued movement up towards breakeven
gbpchf
Stop was moved to breakeven + 2 and 1st leg of trade closed with 49.1 pips and a free trade. Trade managed to get to approx 90 pips before retracing and closing at breakeven.
Total pips = 53.1
- #234
- Jul 21, 2011 4:19pm Jul 21, 2011 4:19pm
21/07/11
audchf
opened buy 0.03 0.88114 sl 250 tp 500 be+2 50
audchf
Trade moved to break even over night banking 51.2 pips on the 1st leg of the trade and giving me a free trade for the balance.
I'm not sure what happened just now, but there must have been a spike as the 2nd part of the trade closed with 124 pips and then immediately retraced and closed the final part of the trade at break even for another 52 pips.
I swear I just flicked to another chart and came back and all this had happened
Total pips = 227.2
- #238
- Jul 23, 2011 5:26pm Jul 23, 2011 5:26pm
Hi simplecoders, thanks for taking an interest in this thread....
Not only that, but it's less confusing than when the screen is filled with heaps of conflicting indicators.
I'm not sure about this, I haven't tested it, but it may be worth testing on a 4H chart. Obviously you would need to be able to monitor your charts at the open/close of the candle, which I personally don't have time for.
Also, the total pips earned on the daily chart are excellent any way
Hello fxozgirl,
Your strategy is simple and effective with negligible screen time!!!
Can this strategy may be extended to other lower time frames? But we have to more screen time.
Also, the total pips earned on the daily chart are excellent any way
