{quote} Ahhh ... ok, to be fair I didn't look that far ahead ... that will likely make it very quiet for me and I'll be fast asleep by then ... I should have been more specific, no news during my kiwi trading hours.
{quote} Yes, but big EZ & US news days will effect PA during your trading hours
{quote} Yes, but big EZ & US news days will effect PA during your trading hours
{quote} stall plus TVI closed +25
{quote} Nice......going to be interesting to see your completed test results
{quote} One of the crew is sick at work so Im going to have to do a double shift tomorrow which will mean no Friday trading.............bugger. I might carry the test over to Monday to make it 5 trading days in a row.........Ill have a think about it. Quick results: Trades: 11 Wins: 10 (inc 1 x BE+1) Losses: 1 (poor entry, floating stochs) Pips: +127 Not a great average, but I would take those pips any day, without question. I cheated once on that EA trade for +23 when I had to go to bed and put in a TP Placed an arbitrary 20 pip S/L on all trades...
{quote} Those a great results for IFR trading....exits are very difficult with IFR trading, but if it gets you 11 good entries from 12.....then that's half the battle won...right there
{quote} Too true From memory only one win trade ever went against me for -12 or -15 before turned good..............the rest went pretty much straight into profit. This has been an invaluable exercise, not just in how we must place our trust in the system, but also how to better read the signals, not just for entry but for exits too. I would recommend this exercise to anyone no matter what TF they are trading on, especially if they are having trouble. This has really taught me to trade the system, give yourself to it, and cast out any nagging belief...
Morning, I did 2 trades earlier on GU, chart below. @Islander, I was watching the 8.09 too but decided against after my first trade, decided to wait for the congestion to clear. If I had taken it I would likely have exited at BE in the ensuing up leg. Anyway net profit 27 pips is enough for me and finished for day, only trade for a couple of hours (or less) in the mornings. Thanks RJ, great method. regards all, strada. {image}
{quote} Those are great results for IFR trading....exits are very difficult with IFR trading, but if it gets you 11 good entries from 12.....then that's half the battle won...right there
Seems I got some excitement afterall on M5 off of EU as it broke below 1.36 for a bit. Entry just after LO ... Entry reasons : Good stochs (15/30/h1) Already a clear lower high in existenceManagement : 1/3 closed at +31 ("I really should take some profit off this now") 1/3 closed at +27 ("starting to stall") 1/3 closed at +16 (last bit of trade that was left to run, hitting BRN SL)The obvious thing is that I missed an entry during FO, but, it didn't look quite so strong then. {image}
Morning, I did 2 trades earlier on GU, chart below. @Islander, I was watching the 8.09 too but decided against after my first trade, decided to wait for the congestion to clear. If I had taken it I would likely have exited at BE in the ensuing up leg. Anyway net profit 27 pips is enough for me and finished for day, only trade for a couple of hours (or less) in the mornings. Thanks RJ, great method. regards all, strada. {image}
{quote} If I may show something that may help with this - and I will quickly remove this if I am moving too far "off piste"...... Trading off the 1m chart enables us to take advantage of the many short intra-day swings in our chosen pair or cross and IMO it is important to bank frequently, as this great system gives us plenty of opportunities to enter in each trading session, especially if we can monitor 2 or 3 contracts. I look for an increase in (tick) volume (aka activity), in a wider ranged bar around "a level" and - providing I have at least...
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