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Easy no stress daily charts:)

  • #581
  • Aug 23, 2011 2:05pm Aug 23, 2011 2:05pm
hy olu.

yes this 2 pairs by me too under the water.thats the game.
  • #582
  • Aug 23, 2011 2:17pm Aug 23, 2011 2:17pm
Quoting stevebalmmer
hy olu.

yes this 2 pairs by me too under the water.thats the game.
Unfortunately it is the nature of the game... It shouldnt stop us from taking the next valid signal though...

Olu
If you think you can or cannot do it you are correct
  • #583
  • Aug 23, 2011 3:30pm Aug 23, 2011 3:30pm
Quoting Stumpy1
Hey guys if you trade 10 lots and only risk 3% of your capital thats a big bank you need do the math

Hey Stumpy!

You do not need a big bank... you need around 600k USD, that is a lot of money, but it is not unimaginable. After 15-20 years of hard work on the markets, you can get there BTW, you only need 5 lots, because with 200 pips a month, you would still make 10.000 USD, which is not that much, but I think many people could live off of that... And for that, you need only 300k USD...
Live it or leave it!
  • #584
  • Aug 23, 2011 3:40pm Aug 23, 2011 3:40pm
Quoting Stumpy1
Hi Slurpee,
I am slowly working through the thread and some things seemed to have changed over time.
The one thing I would love to know is nowdays which pairs do you trade and what stops take profits do you use for them

Hi Stumpy,

I look at these pairs: USDCHF SL and TP170, 100 BE, GBPUSD 200,150, EURUSD 170, 100, AUDUSD 170,100, sometimes USDCAD and EURGBP with settings according to chart, usually 150,75...
Live it or leave it!
  • #585
  • Aug 23, 2011 3:45pm Aug 23, 2011 3:45pm
Quoting Olu
Unfortunately it is the nature of the game... It shouldnt stop us from taking the next valid signal though...

Olu

Holy words

Live it or leave it!
  • #586
  • Aug 23, 2011 5:52pm Aug 23, 2011 5:52pm
this is a copy of what I posted on my thread. It supports our trade going long the usdcad according to our system rules. We are technical traders and we can only trade as such. Our system gave me a directional long bias.

Find uploaded a daily chart of the above pair.

We have the stochs turned up.
We have price action winding to a point ina symmetrical triangle. Symmetrical triangles can break either way. We are wound so tight that all that is left is a breakout. This can be traded with a bracket order or a directional order if you have a particular bias. Targets for any breakout is 250-300pips either way it breaks

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #587
  • Aug 23, 2011 7:25pm Aug 23, 2011 7:25pm
Hi Stumpy,

I look at these pairs: USDCHF SL and TP170, 100 BE, GBPUSD 200,150, EURUSD 170, 100, AUDUSD 170,100, sometimes USDCAD and EURGBP with settings according to chart, usually 150,75...
__________________
Thanks I have worked through the whole thread now and am ready to get serious now where are the new trades LOL.
This system seems to work and is just what I have been searching for I can see no reason for sitting in front of a screen all day scalping.
why would anyone give up one job to take on another??????
  • #588
  • Aug 23, 2011 8:21pm Aug 23, 2011 8:21pm
i think looking the economics new

tomorrow wil be a bad day for the dollar

so for usdchf possible good day

we wait
  • #589
  • Aug 24, 2011 4:29am Aug 24, 2011 4:29am
hello,
with the exotic euro of pairs, how should be there sl?
I find sl 170 something is not enough?
What do you mean about it?
  • #590
  • Aug 24, 2011 5:06am Aug 24, 2011 5:06am
Quoting stevebalmmer
hello,
with the exotic euro of pairs, how should be there sl?
I find sl 170 something is not enough?
What do you mean about it?
I traded this one with a stop of 200

Olu
If you think you can or cannot do it you are correct
  • #591
  • Aug 24, 2011 5:26am Aug 24, 2011 5:26am
all my one pairs in the deficit, how does it look to you?
Nobody more properly trend at this time!
  • #592
  • Aug 24, 2011 6:17am Aug 24, 2011 6:17am
Quoting Stumpy1
Hi Stumpy,

I look at these pairs: USDCHF SL and TP170, 100 BE, GBPUSD 200,150, EURUSD 170, 100, AUDUSD 170,100, sometimes USDCAD and EURGBP with settings according to chart, usually 150,75...
__________________
Thanks I have worked through the whole thread now and am ready to get serious now where are the new trades LOL.
This system seems to work and is just what I have been searching for I can see no reason for sitting in front of a screen all day scalping.
why would anyone give up one job to take on another??????

exactly
Live it or leave it!
  • #593
  • Aug 24, 2011 6:18am Aug 24, 2011 6:18am
Quoting stevebalmmer
all my one pairs in the deficit, how does it look to you?
Nobody more properly trend at this time!

I am negative right now as well... no worries, the worst that can happen is that there will be some losses. In next trades, the winners will come...
Live it or leave it!
  • #594
  • Aug 24, 2011 6:49am Aug 24, 2011 6:49am
eurgbp (long). didny think I would be saying this because I am fundamentally bearish about this pair. But the signal is the signal...Bu the way the daily candle has not closed and in this climate anything can happen so it is just a 'watch' for now.

Olu
If you think you can or cannot do it you are correct
  • #595
  • Aug 24, 2011 8:14am Aug 24, 2011 8:14am
hello to everybody,
I would like to find out with pleasure which pairs with our system are best of all to traden where we can get most Pips.
Is there tool where the monthly performance can register, from every pair us? We have trading?
thank you
  • #596
  • Aug 24, 2011 9:35am Aug 24, 2011 9:35am
Quoting stevebalmmer
hello to everybody,
I would like to find out with pleasure which pairs with our system are best of all to traden where we can get most Pips.
Is there tool where the monthly performance can register, from every pair us? We have trading?
thank you
My advice is to stay with the majors and their 'major' crosses. I have found them most reliable.

Previously I put up my chart of my trading performance using the system. I have an account that I use for this system exclusively although I broke my one rules and put a few commodity trades on itnbecause I forgot the password for the commodity acc.

If you are on MT4 - as quite a few traders are - you can activate trade explorer on forexfactory and everyone will be able to see your trades and their performance.

I will set this up again and expose it to a few traders on this thread

Olu
If you think you can or cannot do it you are correct
  • #597
  • Aug 24, 2011 6:10pm Aug 24, 2011 6:10pm
Is anyone like me still holding the above pairs

The audusd is slowly correcting and the stock market is falling after hours.

The usdcad is still misbehaving though...

Olu
If you think you can or cannot do it you are correct
  • #598
  • Aug 24, 2011 6:19pm Aug 24, 2011 6:19pm
I am...
Quoting Olu
Is anyone like me still holding the above pairs

The audusd is slowly correcting and the stock market is falling after hours.

The usdcad is still misbehaving though...

Olu
  • #599
  • Aug 24, 2011 6:28pm Aug 24, 2011 6:28pm
Quoting FX_California
I am...
Hope it works out for us... First we need to break the trendline.
Attached Image
If you think you can or cannot do it you are correct
  • #600
  • Aug 24, 2011 8:08pm Aug 24, 2011 8:08pm
Quoting Olu
Is anyone like me still holding the above pairs

The audusd is slowly correcting and the stock market is falling after hours.

The usdcad is still misbehaving though...

Olu
yes Olu

i m in on audusd and usdcad holding
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