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Buy sell line trading

  • #2,281
  • Dec 29, 2012 11:32am Dec 29, 2012 11:32am
Quoting California
I like MB Trading. It is an ECN. Spreads are xlnt, EU is 0.7p-1.0p most of the time. They are one of the top four largest. If any other questions, please PM me so we do not distract the thread. You have a great attitude, btw.

To everyone else: Do not be afraid to take some time backtesting the setups. This way you will know how profitable the setups have been in the past (win rate, total return, avg win, avg loss), what to expect in terms of max drawdown, which setup you like the most, the frequency of the setups. If one does not take the time...
HAhaHA.....Thanks for the tip California.....interesting....I have gone trough over 50 demo accounts for testing strategies and never knew this.....

Happy New Year to you!
  • #2,282
  • Dec 31, 2012 9:46am Dec 31, 2012 9:46am
GPB/CAD, H1 bullish engulfing, exit at daily s/r level for +51 pips
Happy New Year!!
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  • #2,283
  • Jan 2, 2013 9:57pm Jan 2, 2013 9:57pm
Added colored MACD to help with entries.

15 min comandos
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  • #2,284
  • Jan 2, 2013 10:08pm Jan 2, 2013 10:08pm
GU
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  • #2,285
  • Jan 3, 2013 1:49am Jan 3, 2013 1:49am
Quoting snail69
Added colored MACD to help with entries.

15 min comandos
In my opinion, MACD is not necessary. Price action alone and s+r levels should give you all needed information for a profitable trading.
  • #2,286
  • Edited 5:36am Jan 3, 2013 5:24am | Edited 5:36am
Another very profitable day (so far)...

GBP/CAD, H1 engulf, +20 pips
GBP/USD, H1 engulf / outside bar, +42 pips
GBP/AUD, H4 outside bar, +40 pips

Total for the day: +102 pips, equals an account growth of +8%.

I just switched to trading via a VPS, so my home PC can cool down a bit from its continuous operation. I can connect to it with my android phone, my tablet or my pc at work. Don't have to work that long anymore I think...
  • #2,287
  • Jan 3, 2013 8:45am Jan 3, 2013 8:45am
I'm still sitting on the sidelines (and very hard to do.) I will start live trading next week although some of you have used this week to good advantage. p.
  • #2,288
  • Jan 3, 2013 12:44pm Jan 3, 2013 12:44pm
Quoting Olarion1975
Another very profitable day (so far)...

GBP/CAD, H1 engulf, +20 pips
GBP/USD, H1 engulf / outside bar, +42 pips
GBP/AUD, H4 outside bar, +40 pips

Total for the day: +102 pips, equals an account growth of +8%.

I just switched to trading via a VPS, so my home PC can cool down a bit from its continuous operation. I can connect to it with my android phone, my tablet or my pc at work. Don't have to work that long anymore I think...
that with trend outside bar's a good signal eh mate?
tradewith60
  • #2,289
  • Jan 4, 2013 5:46am Jan 4, 2013 5:46am
Quoting Olarion1975
In my opinion, MACD is not necessary. Price action alone and s+r levels should give you all needed information for a profitable trading.

Olarion, that is very true, BUT visual aid is not bad.....

plus 10 EMA - yellow
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  • #2,290
  • Jan 4, 2013 5:48am Jan 4, 2013 5:48am
Quoting snail69
Olarion, that is very true, BUT visual aid in not bad.....
This will change your bias at one time or another ...
#### Follow me at @LioH_ on Twitter ... ####
  • #2,291
  • Jan 4, 2013 10:14am Jan 4, 2013 10:14am
Is the following correct? -

An outside bar means the open & close, the candle body, is greater than the previous bar and is the safer trade if all other conditions of the strategy are met?

An engulfing bar means the high and the low is greater than the previous bar but is less safe to trade?

I think I have everything down pat and then get doubts but the two questions above often confuse me. Any help is appreciated. p.
  • #2,292
  • Jan 4, 2013 10:47am Jan 4, 2013 10:47am
Quoting piprac
Is the following correct? -

An outside bar means the open & close, the candle body, is greater than the previous bar and is the safer trade if all other conditions of the strategy are met?

An engulfing bar means the high and the low is greater than the previous bar but is less safe to trade?

I think I have everything down pat and then get doubts but the two questions above often confuse me. Any help is appreciated. p.
you have them the wrong way around... in the right location they're probably equally as powerful
tradewith60
  • #2,293
  • Jan 4, 2013 10:51am Jan 4, 2013 10:51am
PIPRAC .....My definition of the two is exactly the opposite. An engulfing bar is where the open and close engulf the previous bar. An outside bar is where the entire previous bar (high- low) is "engulfed". I have seen the definitions transposed on numerous occasions in definitions so I believe it is likely a matter of "choice" as to which definition you prefer.

While typing my reply 60 minutes replied saying the same thing which I agree with completely.
  • #2,294
  • Jan 4, 2013 11:16am Jan 4, 2013 11:16am
Thank you both, much appreciated.
  • #2,295
  • Jan 4, 2013 11:59am Jan 4, 2013 11:59am
Hi all have been lurking around this thread on and off now for a few months, like the simplicity of the system and it's about time i started demoing.
Will try to contribute as much as i can to the thread but am still a bit of a newbie with only one years forex education.
  • #2,296
  • Jan 4, 2013 12:07pm Jan 4, 2013 12:07pm
Quoting Jollyroger
PIPRAC .....An engulfing bar is where the open and close engulf the previous bar.
Engulfing bar: A bar in which the area between open and close engulfs the area between open and close of the prior bar.
Outside bar: A bar that has a higher high and lower low than the previous bar's high and low.
  • #2,297
  • Jan 4, 2013 12:47pm Jan 4, 2013 12:47pm
Quoting California
Engulfing bar: A bar in which the area between open and close engulfs the area between open and close of the prior bar.
Outside bar: A bar that has a higher high and lower low than the previous bar's high and low.
Thanks to all, I'm ready for next Monday's NY session.
  • #2,298
  • Jan 4, 2013 1:19pm Jan 4, 2013 1:19pm
GA H1 outside bar entry today
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tradewith60
  • #2,299
  • Jan 4, 2013 1:44pm Jan 4, 2013 1:44pm
Quoting 60minuteman
GA H1 outside bar entry today
Nice one, mate!
  • #2,300
  • Jan 6, 2013 5:03am Jan 6, 2013 5:03am
California, those 15 mins give often nice RRs .....
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