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Central Banks & Big Players

  • #6,101
  • Mar 29, 2012 8:40pm Mar 29, 2012 8:40pm
Quoting 3clipz3
So if a trade goes +50 pips you are willing to walk away with break-even for a bigger win? Dont' you secure a few pips? Maybe a 1:1 or 2:1 with a SL of 1.2 for EU for example. Hard to believe with such high RR one would be willing to go B/E or TP without securing profit.
It would be greed and later on during the week you might see that the price would have touched 400 pips. The opposite could happen as well but it's the only way to win... huge profits. I have myself interrupted trades at 100, 200 pips ... guilty... only to see it reach 400 pips later on while I have wasted some of the money.

If you reach 200, you have 50% chances of reaching 400 and 50% chances going BE since everything's random
Invest in alarm clocks
  • #6,102
  • Apr 1, 2012 8:09pm Apr 1, 2012 8:09pm
Hi tony,

I read your 5 sec. Central Banks & Big Players and try to follow it
1st thing Hard to find 7+pip bar in e/u 5sec. chart after london and ny open
I kept looking for 4 days and could not trade any no 7 pip bar appears i am using mb desktop pro which is good not frezing

you must be looking some other indi. also with it
look at your chart #145, 146, 147, 148
your are opening all trades on 4pip bars not on 7 pip bar
Please you need to clear your strategy

soooorry my english bad
  • #6,103
  • Apr 1, 2012 8:33pm Apr 1, 2012 8:33pm
Quoting Tony112
It would be greed and later on during the week you might see that the price would have touched 400 pips. The opposite could happen as well but it's the only way to win... huge profits. I have myself interrupted trades at 100, 200 pips ... guilty... only to see it reach 400 pips later on while I have wasted some of the money.

If you reach 200, you have 50% chances of reaching 400 and 50% chances going BE since everything's random
I can understand about interrupting trades at 100,200 pips instead of waiting for your 400 target but what I'm referring to is say if your target is 100 pips,200 or 400 pips, do you give it all back if it comes back to break even or do you secure some profit even if it's 10 pips. I don't know about you but being up 100 pips and giving every single one back doesn't make sense in my mind.
  • #6,104
  • Apr 2, 2012 2:10am Apr 2, 2012 2:10am
The system is nice, but when I try to charge a transattion with 99% of my account, a pip in stop loss costs double than the take profit. The 140 take profit of 570 account is +-300 and the stop loss of 2 is 6, what sense? The spread was 1,2 but do you pay every tick or what?
  • #6,105
  • Apr 3, 2012 7:06am Apr 3, 2012 7:06am
This is hard and I need motivation. Spread 1,2, what to do? Idk if take a 2 stop with maximum 3,2 pips loss or 0,8 stop. Wathever, seems that tony is so busy reading other posts.. Im go to see the Simpsons now.
  • #6,106
  • Apr 4, 2012 7:49am Apr 4, 2012 7:49am
Quoting jonander50
This is hard and I need motivation. Spread 1,2, what to do? Idk if take a 2 stop with maximum 3,2 pips loss or 0,8 stop. Wathever, seems that tony is so busy reading other posts.. Im go to see the Simpsons now.
can't find 5 pip bars,no help,like trying to learn mandarin.
  • #6,107
  • Apr 4, 2012 9:19pm Apr 4, 2012 9:19pm
Quoting bodine
can't find 5 pip bars,no help,like trying to learn mandarin.
HI you need oanda as a brker
Invest in alarm clocks
  • #6,108
  • Apr 4, 2012 9:21pm Apr 4, 2012 9:21pm
Quoting jonander50
This is hard and I need motivation. Spread 1,2, what to do? Idk if take a 2 stop with maximum 3,2 pips loss or 0,8 stop. Wathever, seems that tony is so busy reading other posts.. Im go to see the Simpsons now.
Your SL would be 3.2 in the worst case, try to progressively bring it to 0
Invest in alarm clocks
  • #6,109
  • Apr 5, 2012 8:52am Apr 5, 2012 8:52am
LO winner for me today... finally!
r u ready?
  • #6,110
  • Apr 5, 2012 9:26am Apr 5, 2012 9:26am
Quoting Tony112
HI you need oanda as a brker
Thanks T! Hey do you think this set up would work in futures.
  • #6,111
  • Apr 5, 2012 4:51pm Apr 5, 2012 4:51pm
I wanted to have an EA that put stop at entry once a trade reached +2 pips profit, since it would happen so fast. I got 2 replies so far. Tony would you recommend these or anything else? Thank you.

http://www.forexfactory.com/showthre...37#post5547037
  • #6,112
  • Apr 5, 2012 8:57pm Apr 5, 2012 8:57pm
Hi tony

I am using oanda demo now
still cannot find 7 pips bars in 5 secs chart in E/U
any suggession please
  • #6,113
  • Apr 6, 2012 7:52am Apr 6, 2012 7:52am
Hi tony,
Today I found 22 pips bar on 5 sec. chart
Is this bar good signal or we must see only 7 to 10 pips bar for signal
thanks
  • #6,114
  • Apr 6, 2012 9:44am Apr 6, 2012 9:44am
Quoting himnoor
Hi tony,
Today I found 22 pips bar on 5 sec. chart
Is this bar good signal or we must see only 7 to 10 pips bar for signal
thanks

He he, welcome to the world of forex. What you saw was the NFP news spike... meaning bad news for employment in the States. I would only advise you to trade either on your demo account or after 7 years of experience on a real account unless your fetish is losing money. Look for regular 7 pip bars if you wanna trade in high volatility
Invest in alarm clocks
  • #6,115
  • Apr 9, 2012 6:57am Apr 9, 2012 6:57am
Im reading whole post and you're too calm this days tony, arent you? BTW, i think that jumping in the initial direction nowadays isnt practical because arent too many traders as past. Im looking for continuation.

One more thing: How do you duplicate with 1:50? thanks
  • #6,116
  • Apr 10, 2012 7:40am Apr 10, 2012 7:40am
look at todays NY open
Invest in alarm clocks
  • #6,117
  • Apr 10, 2012 9:32am Apr 10, 2012 9:32am
Yeah, I reach to 44 pip but it turned down and got BE +2. The next failed operation will be free. I still thinking about how to gain 140% in a 1:50 oanda. IDK but i'm going to change to an at least 1:100 broker while using demo oanda terminal to visualize 5 sec bars.
  • #6,118
  • Apr 11, 2012 5:48am Apr 11, 2012 5:48am
Today in LO i waited to +1 pip candle and it reach -2 SL. Later the price has go down.

took about two weeks using this, and if it works I'll give a slap on the forehead. Actually you would not have to be shared by this but you did, and I think most people which this strategy works is grateful you Tony.
  • #6,119
  • Apr 12, 2012 10:18pm Apr 12, 2012 10:18pm
Has anyone tried this on a 1 minute chart.

I ask because the smallest time frame i can use with my broker is 1 min.

Thanks,
  • #6,120
  • Apr 13, 2012 8:07am Apr 13, 2012 8:07am
Use oanda's demo account to see 5 secs. I think tony should make a FAQ.
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