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Trend Runner

as per my knowledge yes u should , as those are the S/R as well , the pair will react on those too... it all depends how u read the market i took the trade where u have shown the charts and exit in 20 as i knew it will react as the pressure is not too strong as of now ...
two ways to trade those things wait for it to close below the Support and than take it or risk small amount and try your luck with it... i went with the second option got rewarded 20 pips......

its all on you my friend
Hi All

closed cable a little late i should have closed as per rules , I closed when barry resistance got taken out
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Hi

audusd, my entry was earlier , the way price closed near super trend , i didnt close my trades, but now I got stopped out . The hardest part is exiting trades, if you exit with just a few pips i think it can be dangerous because your losing trades will also be few pips ,by few pips i mean apprx 50 pips.

Maybe Ilz's rules are best!!
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Hi ILZ,

We need you !! I hope you are having fun !
i havve spotted three trades possible which we might see by today NY session or tomorrow LONDON session

EU long
EJ sell
CADjpy sell
charts below
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please help me...

ej_near a buy signal.jpg

when would we enter this trade?

thanks
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ReAl MoDe: ON
Quoting vicentis
please help me... ej_near a buy signal.jpg when would we enter this trade? thanks {image}
Hi, im fairly new to this also. But from reading the guidelines:

IF THERE IS A ESTABLISHED S&R INFRONT OF YOUR TRADE, LONG OR SHORT, LESS THAT 30 PIPS AWAY, PRICE MUST BREAK AND CLOSE THAT ESTABLISHED S&R BY ANY AMOUNT.

I think that last candle have to close above the R&S line in order for you to have a valid trade in a new candle.
All above are great questions, promised to be answered by ILZ, but ILZ has left the building....
Hey all, please correct me if im wrong and let me know your thoughts. Guess this is one of the other way I can learn as I move along.

EUR/JPY (Long): Can either enter trade now with at least 30 pips to R&S or enter when candle closes above R&S.

EUR/USD (Long): Candle must close above SMA 200 in order to jump into trade on the next candle.

So far, I think the EUR/USD looks promising provided it closes above the SMA 200.
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2 Positions !

Long EURUSD - entry 1.3042- Comment: Stoploss is set at 100pips but will check how the trade progress, a close under SMA around(40pips down) then I will close.

Long EURJPY - entry 131.832 - Comment: This beast got massive resistance above it, if it breaks up because of strong momentum, the shorts stoplosses will trigger. That can give energy to a big long move up. This is my speculation. Im still sceptical. Will have a close stoploss around 131.240. That should give it room to move.

We will see how the trades progresses, so far im + profit overall with this system, still I have missed a good one on USDCAD. Been trading it live small account for 2 weeks.
Quoting egilviking
2 Positions ! Long EURUSD - entry 1.3042- Comment: Stoploss is set at 100pips but will check how the trade progress, a close under SMA around(40pips down) then I will close. Long EURJPY - entry 131.832 - Comment: This beast got massive resistance above it, if it breaks up because of strong momentum, the shorts stoplosses will trigger. That can give energy to a big long move up. This is my speculation. Im still sceptical. Will have a close stoploss around 131.240. That should give it room to move. We will see how the trades progresses, so far...
Looks like both EUR/USD & EUR/JPY both have a S&R right in front to overcome and close above it before any further upward movement?

That being said, if EUR/JPY doesn't close above the S&R we might be looking at a 'Double Top'?
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thx for sharing this method. i'm following this right now. i missed first entry chance. but price drop back. can i buy it again.? since they r at same lvl? sorry for my english.
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Hello All,

So Im back from a holiday. My brother graduated from University and we all took a vacation. I will get back to trading on Sunday/Monday. I will read through what has been going on and catch up.

See yall soon.

-ILZ
“Control, control, you must learn control!” - Yoda
Quoting ilzalama
Hello All, So Im back from a holiday. My brother graduated from University and we all took a vacation. I will get back to trading on Sunday/Monday. I will read through what has been going on and catch up. See yall soon. -ILZ
Welcome back ILZ! We missed you... Congratulations to you and your brother and hope you had a nice vacations!

You are a very lucky man! This week and previous one were not so good for trending trades! I think most trades finish in loss or be. Anyway the system is awesome and ranging periods are the most difficult part of it!

Will be tuning this channel to read your thoughts!

Esteban
This is how eurusd looked when I took the trade. No resistance was there, due to sleep I didn't check my charts either, only my positions on my smartphone. Closed it on -7pips loss, when I saw the new resistance.
http://forums.babypips.com/attachmen...8&d=1369975947

This is how eurjpy looked when I took the trade. The new candle shows up in 43 seconds. Was taken out by my stoploss at 131.650. Placed a tight stoploss when looking at my phone, didn't like the big resistance(double tops). If I had looked at my computer this night I think I would have exit earlier manually due to see the real charts with my indicators.

Looking at it even more, I bought in to a place of heavy ranging. Anyhow I had my speculation and knew the consequenses. http://forums.babypips.com/images/smilies/yahoo/1.gif
http://forums.babypips.com/attachmen...9&d=1369976018


I will start to look into my own money management plan, think I will modifiy stoploss and target with Average Daily Range for every pair, maybe open to trades, let one flow as long as possible and the other one with a target. Based on ADR. Will get back if I work something out. Seen to many trades in good profit being materialized to only a few pips in profit. Also needs to say that it's saved when the big reversal has come.
any one looking AJ at 96.57
looks good to short after the current H4 bar closes what say any one agrees with me
Quoting yogesheena
any one looking AJ at 96.57 looks good to short after the current H4 bar closes what say any one agrees with me
Looking good I think!
See what happens when it closes
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do we wait for a pullback or just go for the trade on the spot as soon new bar opens i am jsut worried that it has fall too much so do we wait or jsut
pull the trigger
Hi ILZ,

Nice to hear you guys were having fun. Enjoy the weekend! Catch up on Monday

Stopped out of all trades but still in nzdusd , been a break even week , slightly profitable ,

I HAVE BROKEN RULES!! not good!!
Hi Ilz,

Thanks for sharing your strategy, I have questions (please look at attached picture) where we should close the trade.

Candle 1 = Our trigger candle - price finally broke support to go short on the next opening candle
Candle 2 = Short open at the start of the candle, but it looks like false breakout. The candle finished with the price pulling back and close back inside support.
Candle 3 = Price finally shot right through and close on the opposite side of SuperTrend line.

My question should we close the trade on the candle 2 or should we stick to the rule and close the trade on candle 3?
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