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Price Trap Eur/Usd 1 MIN

  • #701
  • Oct 17, 2011 8:40am Oct 17, 2011 8:40am
Trap 4: Looser... -20
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  • #702
  • Oct 17, 2011 10:22am Oct 17, 2011 10:22am
Trap 5: Winner +27
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  • #703
  • Oct 17, 2011 10:32am Oct 17, 2011 10:32am
Trap 6: +5 Don't take TP by 2 pips.
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  • #704
  • Oct 17, 2011 10:35am Oct 17, 2011 10:35am
Hello fellow traders. As most of you may know I am in the middle of my move to my condo. As much as I miss trading, I really can't wait to finish this move. I am getting my computer setup tonight, however it may look like I may miss another night, but no worries plenty of trading to come. I appreciate all that have been very supportive in my time away. Once I return, I hope to regain a little more strict order with the skype room. Again hang in there, and I will be on either tonight, or tommorrow for sure.

Ras
Trade Like a Robot make money Like a Bank
  • #705
  • Oct 17, 2011 11:04am Oct 17, 2011 11:04am
Quoting raz
Hello fellow traders. As most of you may know I am in the middle of my move to my condo. As much as I miss trading, I really can't wait to finish this move. I am getting my computer setup tonight, however it may look like I may miss another night, but no worries plenty of trading to come. I appreciate all that have been very supportive in my time away. Once I return, I hope to regain a little more strict order with the skype room. Again hang in there, and I will be on either tonight, or tommorrow for sure.

Ras
I'm pretty sure we all help u if we were there !
  • #706
  • Oct 17, 2011 11:51am Oct 17, 2011 11:51am
Traps 7, 8 and 9; - 2- 15 = -17
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  • #707
  • Oct 17, 2011 11:55am Oct 17, 2011 11:55am
Sum of today: -13-20-20+27+5-17 = -38

Worst losing day ever with this method.

There's more tomorrow.
PH
  • #708
  • Oct 17, 2011 12:35pm Oct 17, 2011 12:35pm
Like i said last Friday, today is bearish, so just looking for bear signals. I got only 2 Short trades +70pp. That's all for today.
  • #709
  • Oct 17, 2011 4:37pm Oct 17, 2011 4:37pm
yeah m8 it was a downtrend, be carefull plz!
Thnx for all the scrnshots
  • #710
  • Oct 18, 2011 2:29am Oct 18, 2011 2:29am
One good trade for today.
Trap formed after Frankfurt open.
Sell 1,37444 . Stop loss 1,3760 take profit 1,3710
Take profit hit.

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Per aspera ad astra
  • #711
  • Oct 18, 2011 2:45am Oct 18, 2011 2:45am
Yea....took the same one myself...
  • #712
  • Oct 18, 2011 5:57am Oct 18, 2011 5:57am
the system needs to be enhanced to prevent fake breakouts. filters are required. as it stands i dont feel it will yield good profits in the long run. just an opinion.
  • #713
  • Edited 8:39am Oct 18, 2011 7:44am | Edited 8:39am
There's no such thing as a fake breakout. Price either breaks out or it doesn't.

Once price breaks out according to a system's rules the real question is how far will it go. Unless you can come up with a filter that can predict the future you'll just have to manage trades as they come.

OP is looking for 2:1 reward:risk. With that reward:risk, as long as your win rate is > 30% you have positive expenctancy.
You are in a maze of twisty little passages, all alike.
  • #714
  • Oct 18, 2011 12:02pm Oct 18, 2011 12:02pm
Quoting whatfx
the system needs to be enhanced to prevent fake breakouts. filters are required. as it stands i dont feel it will yield good profits in the long run. just an opinion.

Hi Whatfx!

with reference to your thread above, I have not seen you since September 28, are you still searching the best system or you found it.
Waiting for reply with good news.

take care,
Sevenskies
  • #715
  • Oct 18, 2011 8:12pm Oct 18, 2011 8:12pm
Hi, PH, no more updates???
  • #716
  • Oct 19, 2011 1:30am Oct 19, 2011 1:30am
I have been in the process of moving, so I am on tonight to. Having minor glitches but I am ready to start trading again. Thanks for all who have stuck with this thus far, and we shall see where we can take this further
Trade Like a Robot make money Like a Bank
  • #717
  • Oct 19, 2011 6:02am Oct 19, 2011 6:02am
Quoting Sevenskies
Hi Whatfx!

with reference to your thread above, I have not seen you since September 28, are you still searching the best system or you found it.
Waiting for reply with good news.

take care,
Sevenskies
hi

i dont want divert from this thread, but i have finished the list, just need the time to write it up..
  • #718
  • Oct 19, 2011 12:33pm Oct 19, 2011 12:33pm
i took 1 by the rules, lets see what happends
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  • #719
  • Oct 19, 2011 1:38pm Oct 19, 2011 1:38pm
yes it was a winner +33 pips
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  • #720
  • Oct 19, 2011 5:29pm Oct 19, 2011 5:29pm
I see in the #1 post, is says channels must be a minumum of 9-23 pips wide from top to bottom.

What is the maximum though?

Did you mean 23 pips is the maximum amount before a channel is too big?
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