Extracted Thread (per thread starter's request)
- #3,424
- Edited 2:16am Sep 12, 2012 1:54am | Edited 2:16am
- | Joined Aug 2012 | Status: Trader | 19 Posts
That should now be a profit, trade 1, follows the news, no surprise
Larry
Anyway i wanted to point out the behavior of the market at 00:00 GMT.
This is scaring : before, he spread is around 1.0, then the spread can go up to 5 pips at 00:00 (!) and retuns to 2 pips 15 minutes later.
What to do if the zone is broken because of that "technically wrong" candle ?
Thanks.
- #3,426
- Sep 12, 2012 4:04am Sep 12, 2012 4:04am
I really wish you guys would stop lying about all those pips you say you're making! Don't you know how totally worthless and ineffective this system is?
I really wish you guys would stop lying about all those pips you say you're making! Don't you know how totally worthless and ineffective this system is?
let me enlighten you that I grabbed 30 pips after few adjustment and linking this system with OIL. this was when I traded on low profile using a quicky SL and TP on a terminal called ODIN which I Hate...
You are God sent, God bless you my friend.
- #3,429
- Sep 12, 2012 9:51am Sep 12, 2012 9:51am
- | Commercial User | Joined May 2011 | 1,754 Posts
Whadya mean stairsteps? I don't see no stinking stairsteps! This system is a freaking joke, man what a bunch of losers!
(Sorry guys don't mind me, just letting off a little steam, hehe. One CC got binned, and the other is going back to obscurity, and you guys are banking nicely this week, so things are looking up!)
(Sorry guys don't mind me, just letting off a little steam, hehe. One CC got binned, and the other is going back to obscurity, and you guys are banking nicely this week, so things are looking up!)
To improve is to change. To perfect, is to change often.
- #3,430
- Sep 12, 2012 9:56am Sep 12, 2012 9:56am
- | Commercial User | Joined May 2011 | 1,754 Posts
Good one forexhard
let me enlighten you that I grabbed 30 pips after few adjustment and linking this system with OIL....
Either way, I'd like you to get some pics and charts together and show everyone exactly what you are referring to, and show us step-by-step how you made it happen. Can you do that for me?
To improve is to change. To perfect, is to change often.
You're about the third person to mention doing this. Did you get the idea from the thread, or did you come up with it on your own?
Either way, I'd like you to get some pics and charts together and show everyone exactly what you are referring to, and show us step-by-step how you made it happen. Can you do that for me?
Stairstep Breakouts works very well and I never found such a accurate and easy system yet, and today I made some profits, I've been reading thru your thread and practicing older CZ for almost a week now.
Today was the day when I didn't considered anything except your method and BINGO. I used to use another self strategy earlier but its a brain teaser but CZ is the future for sure, the r:r is way too good in your method.
I've been into OIL for more than two years and I am shocked to see it can be this easy.
I've attached a small example shows the effect Clearly.
I would like to say 2 thing which you have mentioned earlier, everywhere.
a). There no one size fits all,
(I suggest Try different settings/positions, till you feel satisfied)
b). Its so easy that It's Hard.
I am here and should post more charts in coming days showing new CZ's if that interest you.
- #3,432
- Sep 12, 2012 10:08pm Sep 12, 2012 10:08pm
- | Commercial User | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.
- #3,433
- Sep 12, 2012 10:11pm Sep 12, 2012 10:11pm
- | Commercial User | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.
I won't quote the whole post in my reply as it was so detailed but many thanks for the reply. I've just woken up so will need a while to digest all you've said but great post nevertheless.
Incidentally...always a fantastic feeling to wake up 30 pips better off than you were when you went to bed!
Attachment
In a trade set, trade 1 is your first goal. From then on it's reversal management. No matter how I slice it, with standard doubling out to say 6 trades I can't make it worth while: too light on the front end, too heavy on the backend. Even if I could get 1750p in a 100 day period, I'd only be able to risk a micro on it so it's $175 (hypothetical). With the non-mart, I could do a half or even full mini if I was aggressive on an (also hypothetical) ~430p which would be $215 - $430.
So I made a tweak to try different position sizes. With the thought that the 2nd trade will be fairly successful since it's just your SL converted to TP, and the 3rd TP is also the SL so it's a likely winner, I am looking at sequences that use that fact to shift the weight of the orders and not just do straight doubling: 1,4,3, or 2,4,2 or even 3,4,1 since most orders with my settings are done by trade 3 and I limit to that.
I do hope it'll help someone else in my position with reversal management as it can make a big difference. Still digging. On to testing these theories now.
On a side note, is it my imagination or is it that if you set the QuickTP to the same as the box range the % win for trade 1 is always > 50%? Even though your TP is likely greater than the SL? Interesting edge this SSBO brings in.
- #3,437
- Sep 12, 2012 10:44pm Sep 12, 2012 10:44pm
- | Commercial User | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.
