Whoa!! AUDUSD just got closed out with +100 pips gain. Nice way to start the week.
- #49
- Jun 11, 2012 10:54am Jun 11, 2012 10:54am
- | Joined Aug 2006 | Status: Trader | 1,024 Posts
+100 on eurusd
+125 on eurjpy
be on audusd
+27 open on audjpy
Those are impressive results! I was so tired last night that I could only place an EU trade Oanda. I made +100 pips while I was asleep...probably a good thing I couldn't fiddle with your rules!
Hi Enoc,
Those are impressive results! I was so tired last night that I could only place an EU trade Oanda. I made +100 pips while I was asleep...probably a good thing I couldn't fiddle with your rules!
My first demo Nadex spread trade worked out as well I sold the EURJPY last night ceiling was 100.60 price was at 100.45 i risked only 15 dollars only put up 15 dollars and made 85 dollars when it expired next day at 7am EDT. Very sick RR on that will keep playing with it. I am liking what I see. Its like the ultimate derivatives options casino and its legal. lol.
ah feeling euphoric today need to keep myself in check, luckily this system keeps me from over trading otherwise i would be like a crack addict have an addictive gambling kind of personality so you can imagine how bad that can be with trading.
GL on next setup will advise you guys if i spot anything good.
Hi Enoc,
Those are impressive results! I was so tired last night that I could only place an EU trade Oanda. I made +100 pips while I was asleep...probably a good thing I couldn't fiddle with your rules!
not trying to go way off course here, just constantly lookingthinking about improving our edge as much as possible.
as far as pin bars go i have thrown those up as well and would definitely play both sides on those they seem to get faded just as much as then get broken out on.
so we have the following patterns
1. inside bar - sure fire pattern
2. outside bars - another potential
3. PIN bars - heavily used would place orders on both sides if used.
Another thought i had was a fading strategy using limit orders but not sure how to implement it yet when i think of something ill let you know.
Thanks!
- #53
- Jun 11, 2012 12:31pm Jun 11, 2012 12:31pm
- | Joined Aug 2006 | Status: Trader | 1,024 Posts
Bob, what are your thoughts on using outside bars I am looking at the charts on they are pretty powerful as well I need to do more testing but was thinking should I try it as a seperate strategy or combined somehow with this one maybe providing 2 entry opportunity styles.
not trying to go way off course here, just constantly lookingthinking about improving our edge as much as possible.
as far as pin bars go i have thrown those up as well and would definitely play both sides on those they seem to get faded just as much as then get broken out...
There are a variety of methods to trade IB's alone. I would specifically cite Peter Crowns' body of work, and Toby's thread on BP. These strategy examples expand trading to D1, H4 and H1 charts all with different methods of trading.
I actually traded Peter Crowns' version as well last night on the AU pair...made a profit of 19 pips on TP1, and the 2nd trade is currently +45 pips on TP2. The difference in strategy dynamics between your H4 setup and Peter's H1 setup are significant, and I admire both. Not to boast, but I've made 424 pips since Friday trading this and Peter's setups with no losses. YOUR setup has made the most profit for me! Keep up the good work!
So...I guess I would encourage you to continue to develop your H4 method (it's a good one!) here on this thread, and then start new threads for each additional strategy that you want to pursue, and have the time to manage.
Thank you for sharing with us!
