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Genuine 5m 4R/R system

  • #521
  • Jun 9, 2014 5:00am Jun 9, 2014 5:00am
Hello @ all,

the eur/jpy trade is now nearly at +15... anyone else taken this one too?


best regards

chriss
  • #522
  • Jun 9, 2014 5:05am Jun 9, 2014 5:05am
Quoting rifid
{quote} No setup there according to the rules, is that a 20+ pip s/l?
Yeah.could not use the suggested SL because of the spread. I quite understand that this system works best with low spread currency pairs.but just trying it out to see if SL can be adjusted to accommodate slightly higher Spreads. the only issue would be targeting a much smaller TP.
Please explain why this setup isn't ok. 'Cos to me, it obeys the rules (apart from the SL)
  • #523
  • Jun 9, 2014 5:08am Jun 9, 2014 5:08am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy+m5.png Size: 33 KB
Quoting chrissfx
Hello @ all, the eur/jpy trade is now nearly at +15... anyone else taken this one too? best regards chriss
Nice trade ,you would have to be quick to get this one,should be at t/p if you got it
patience is bitter, but its fruit is sweet
  • #524
  • Jun 9, 2014 5:16am Jun 9, 2014 5:16am
Quoting chrissfx
Hello @ all, the eur/jpy trade is now nearly at +15... anyone else taken this one too? best regards chriss
took that too, nice one
In the end its just a stupid numbers game
  • #525
  • Jun 9, 2014 5:16am Jun 9, 2014 5:16am
Quoting rifid
{image}{quote} Nice trade ,you would have to be quick to get this one,should be at t/p if you got it
Being quick isn't a problem after several scalping years

I need 139.52 for tp, one pip more of last low... sl to +5... now patience
  • #526
  • Jun 9, 2014 5:21am Jun 9, 2014 5:21am
Quoting danzka
{quote} took that too, nice one
patience is bitter, but its fruit is sweet
  • #527
  • Jun 9, 2014 5:22am Jun 9, 2014 5:22am
Quoting chrissfx
{quote} Being quick isn't a problem after several scalping years I need 139.52 for tp, one pip more of last low... sl to +5... now patience
patience is bitter, but its fruit is sweet
  • #528
  • Jun 9, 2014 5:56am Jun 9, 2014 5:56am
Quoting mb206
- Did anyone backtested the system? - has it been profitable since you started Thanks for your insight !
The answer is on your side ...

As said a well known member here : "Give the holy grail to 100 traders ... 90 won't be able to make it profitable"
MT4/MT5 EAs/Indicators/Alerts coder
  • #529
  • Jun 9, 2014 6:04am Jun 9, 2014 6:04am
Quoting FerruFx
{quote} The answer is on your side ... As said a well known member here : "Give the holy grail to 100 traders ... 90 won't be able to make it profitable"
So true. not every body sees what you do
patience is bitter, but its fruit is sweet
  • #530
  • Jun 9, 2014 6:08am Jun 9, 2014 6:08am
Hello everyone! Do we have a setup on AUD/USD ? 2nd point is a little higher and we've got lower low.
  • #531
  • Jun 9, 2014 6:12am Jun 9, 2014 6:12am
Quoting Brdino
Hello everyone! Do we have a setup on AUD/USD ? 2nd point is a little higher and we've got lower low.
Possibly, let it develop nicely as per rules
patience is bitter, but its fruit is sweet
  • #532
  • Jun 9, 2014 6:24am Jun 9, 2014 6:24am
what about this rifid????
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.png Size: 30 KB
  • #533
  • Jun 9, 2014 6:27am Jun 9, 2014 6:27am
possible set-up coming on USD/JPY

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 10 KB
  • #534
  • Jun 9, 2014 6:36am Jun 9, 2014 6:36am
Quoting austin85cold
what about this rifid???? {image}
Let it develop, you want a nice smooth resistance line with level tops ,one last small retracement then pounce. Dont jump in too early
patience is bitter, but its fruit is sweet
  • #535
  • Jun 9, 2014 6:39am Jun 9, 2014 6:39am
Quoting Hugo55
possible set-up coming on USD/JPY {image}
Let it come up to 102.500 and then develop points from there
patience is bitter, but its fruit is sweet
  • #536
  • Jun 9, 2014 6:44am Jun 9, 2014 6:44am
Quoting rifid
{quote} Let it come up to 102.500 and then develop points from there

I think I see what you mean Rifid,
wait for price to come up to the first spike on the left
and draw the line there @ 102.500 ?
  • #537
  • Jun 9, 2014 6:48am Jun 9, 2014 6:48am
Quoting Hugo55
{quote} I think I see what you mean Rifid, wait for price to come up to the first spike on the left and draw the line there @ 102.500 ?
Thats right ,let the price come to where you want it, patience is the key.
Remember you only need one of these wins a day to get rich, actually you only need 1 per week, and if you where lucky you would have got two already today
patience is bitter, but its fruit is sweet
  • #538
  • Jun 9, 2014 6:51am Jun 9, 2014 6:51am
Quoting rifid
{quote} Thats right ,let the price come to where you want it, patience is the key. Remember you only need one of these wins a day to get rich, actually you only need 1 per week, and if you where lucky you would have got two already today
Thanks for clearing that up,
and let me take the opportunity to thank you for starting this thread...
  • #539
  • Jun 9, 2014 6:59am Jun 9, 2014 6:59am
Quoting Hugo55
{quote} Thanks for clearing that up, and let me take the opportunity to thank you for starting this thread...
No problem, just giving a little bit back.
I hope helps people just to look at the market in a different way than previously
patience is bitter, but its fruit is sweet
  • #540
  • Jun 9, 2014 7:02am Jun 9, 2014 7:02am
Quoting rifid
{quote} No problem, just giving a little bit back. I hope helps people just to look at the market in a different way than previously
That's definitely not a little bit, that's a lot Thank you so much, rifid.
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