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Price Trap Eur/Usd 1 MIN

  • #241
  • Sep 28, 2011 2:15am Sep 28, 2011 2:15am
Entered 5 minutes ago at 1.35854. So far I'm up 19 pips.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #242
  • Sep 28, 2011 2:18am Sep 28, 2011 2:18am
Quoting Favorite
Entered 5 minutes ago at 1.35854. So far I'm up 19 pips.
My TP 30 pips already got hit. That was fast!

Thank you, raz!

Right now I test it live, but with a small lot size (0.01). I think, I'll test it 3 more weeks and then I'll go with a normal lot size.

I also want to try AUDUSD and USDCAD, somehow I think this system will be good for them too.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #243
  • Sep 28, 2011 2:25am Sep 28, 2011 2:25am
Quoting raz
GJ, and as trader out there with real money knows it isn't easy risking money into unknown territory, so it will take time. However I have made 25% to 30% gains per week on this method. I definetly risk quite a bit, sometimes a lot in certain situations. So I know it works for me, but I appreciate how you are using what feels right for you. Because demo is demo, fake money has no emotions tied to do it. Nothing wrong with using a demo account. However with live money you can understand the feeling of happiness or crap! Lol but way to keep it rolling,...

I want to clarify this post for those out there. I have had made weeks with 25-30%, but I average a 14.76% per week average. Some weeks I have broken even
Trade Like a Robot make money Like a Bank
  • #244
  • Sep 28, 2011 2:27am Sep 28, 2011 2:27am
Quoting Favorite
My TP 30 pips already got hit. That was fast!

Thank you, raz!

Right now I test it live, but with a small lot size (0.01). I think, I'll test it 3 more weeks and then I'll go with a normal lot size.

I also want to try AUDUSD and USDCAD, somehow I think this system will be good for them too.

gj, Let's see what those do for you!
Trade Like a Robot make money Like a Bank
  • #245
  • Sep 28, 2011 2:30am Sep 28, 2011 2:30am
Quoting raz
I average a 14.76% per week average.
I think these are great results!

And you trade only 3 hours a day, right?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #246
  • Sep 28, 2011 2:33am Sep 28, 2011 2:33am
Quoting raz
gj, Let's see what those do for you!
Sure, if they are any good, I"ll tell about that here!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #247
  • Sep 28, 2011 2:41am Sep 28, 2011 2:41am
Up level 1.3617
Lo level 1.3605
Attached Image (click to enlarge)
Click to Enlarge Name: EUR199.GIF Size: 55 KB
Trade Like a Robot make money Like a Bank
  • #248
  • Sep 28, 2011 2:44am Sep 28, 2011 2:44am
nice trap, but can't get in. Need price to come back to enter
Trade Like a Robot make money Like a Bank
  • #249
  • Sep 28, 2011 3:11am Sep 28, 2011 3:11am
Quoting raz
nice trap, but can't get in. Need price to come back to enter
can we enter now? or too late?
Attached Image (click to enlarge)
Click to Enlarge Name: 11092801.gif Size: 12 KB
  • #250
  • Sep 28, 2011 3:11am Sep 28, 2011 3:11am
Good time to get in now Raz?
  • #251
  • Sep 28, 2011 3:13am Sep 28, 2011 3:13am
Longed at 1.3618, and I know it got close to TP, but I am going for it here

TP 1.3644
SL 1.3605
Trade Like a Robot make money Like a Bank
  • #252
  • Sep 28, 2011 3:33am Sep 28, 2011 3:33am
sitting close to SL, but hasn't stopped out yet. So looking for long push here, but who knows. I have my limits set and I will probably goto sleep soon, and hopefully wake up with a win. However if it loses oh well, I made good money on earlier trade, this one is being a bit stubborn.
Trade Like a Robot make money Like a Bank
  • #253
  • Sep 28, 2011 3:34am Sep 28, 2011 3:34am
Quoting raz
Longed at 1.3618, and I know it got close to TP, but I am going for it here

TP 1.3644
SL 1.3605
I think it's already hit the SL. Shall we make another trade to sell it if it broke the lower level clearly?
  • #254
  • Sep 28, 2011 3:37am Sep 28, 2011 3:37am
closed loss,

So not a bad night 4% gain on first win, and -2% loss on second, so netted a good night
Trade Like a Robot make money Like a Bank
  • #255
  • Sep 28, 2011 3:42am Sep 28, 2011 3:42am
Entered short 1.36033

Probably I shouldn't, one good trade per London Open is good enough for me. But I'm testing...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #256
  • Sep 28, 2011 3:54am Sep 28, 2011 3:54am
Quoting Favorite
Entered short 1.36033

Probably I shouldn't, one good trade per London Open is good enough for me. But I'm testing...
Exited manually with +6 pips. Better be safe than sorry!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #257
  • Sep 28, 2011 3:56am Sep 28, 2011 3:56am
Quoting Favorite
Entered short 1.36033

Probably I shouldn't, one good trade per London Open is good enough for me. But I'm testing...
====================
why I ask this is because in the first two trades in this thread, RAZ went short first, and hit SL and then went long for the same trap. So I am a little bit confused.
  • #258
  • Sep 28, 2011 4:04am Sep 28, 2011 4:04am
Quoting bobowang
====================
why I ask this is because in the first two trades in this thread, RAZ went short first, and hit SL and then went long for the same trap. So I am a little bit confused.

No, it was a different trap, a new trap. I set every trap individually and look at them individually, without considering the previous trades.

But this short trade was my mistake, the price started ranging, so I decided to get out with a small profit (+6 pips) and not to allow the trade to become a loss.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #259
  • Sep 28, 2011 4:37am Sep 28, 2011 4:37am
Quoting forexforex
I am out on my runner.
Initial entry: 1.3489
exit 1.3505 for 16 pips.

I exited because another trap was developing and it went against the direction of my first entry. Eventhough the 1hr TF is still a bull. I am just tired and ready to call it a day.

Not bad anyway for 16 pips on my runner. Anyway, I already made 28 pips from my first entry. I am done for the day here. Thanks!


hi forexforex


what is a runner ?

i you trading this system on the 1 hour timeframe ? if not, then why do you use the 1 hr charts, what do you look for there ? can you give a chart example...

thanks
  • #260
  • Sep 28, 2011 4:44am Sep 28, 2011 4:44am
Quoting whatfx
1 hr charts, what do you look for there? can you give a chart example
forexforex, I wanted to ask the same question.

Thank you.
Gentlemen always play by the rules. If they can't, they change the rules.
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