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Genuine 5m 4R/R system

  • #541
  • Jun 9, 2014 7:06am Jun 9, 2014 7:06am
Quoting Brdino
{quote} That's definitely not a little bit, that's a lot Thank you so much, rifid.
Oh stop it i"m blushing. Oh ok gimmee a million bucks
patience is bitter, but its fruit is sweet
  • #542
  • Jun 9, 2014 7:07am Jun 9, 2014 7:07am
Quoting mb206
Hi everyone, I have been looking at the thread for a few days and I have few questions for the ones who are trading it : - Did anyone backtested the system? - has it been profitable since you started Thanks for your insight !
Hi there,
I have been trading similar to this for a while and doing pretty well.
Late last week I found this thread and studied rifids rules and it seems he has got it spot on. I really like the R:R. and the attention to detail in his rules for entry.
So I changed my rules slightly to match his and so far 3 entries in 2 days all winners. 2 of these I did exit early at 18 pips instead of 20 due to previous support levels, which turned out, if I had let it run they both would have reached 20 pips. oh well...
Also due to other commitments I have missed out on 2 other trades today. 1st was N/U this morning which didn't meet rifids rules (before Asian market) winner. and second E/J which was a loser.
Considering today there were bank holidays everywhere it was a good day.
My suggestion would be to practice on demo till you are comfortable, keep looking at the charts that rifid has posted and keep your charts clean of any indicators.
Cheers
Coastie
  • #543
  • Jun 9, 2014 7:21am Jun 9, 2014 7:21am
hi all, seems AC and GJ is forming. My GJ sell order is triggered.
  • #544
  • Jun 9, 2014 7:21am Jun 9, 2014 7:21am
Rifid, going back to the U/J would you begin to look for a sell set-up developing now, since the trend is
beginning to look bearish on the short time-frame, or would you still wait for the bullish set-up, since
the trend is bullish on the longer time-frame?
  • #545
  • Jun 9, 2014 7:28am Jun 9, 2014 7:28am
Quoting mario777
hi all, seems AC and GJ is forming. My GJ sell order is triggered.
Hi Mario, let the g/u come down to 1.67953 and form and cad to 109140
patience is bitter, but its fruit is sweet
  • #546
  • Jun 9, 2014 7:29am Jun 9, 2014 7:29am
Quoting Hugo55
Rifid, going back to the U/J would you begin to look for a sell set-up developing now, since the trend is beginning to look bearish on the short time-frame, or would you still wait for the bullish set-up, since the trend is bullish on the longer time-frame?
Let this come to 102377 and form
patience is bitter, but its fruit is sweet
  • #547
  • Jun 9, 2014 7:33am Jun 9, 2014 7:33am
Quoting rifid
{quote} Let this come to 102377 and form
UJ has resistence on 102.380
  • #548
  • Jun 9, 2014 7:33am Jun 9, 2014 7:33am
Pos. on u/chf ,but maybe due for retracement on 1h
patience is bitter, but its fruit is sweet
  • #549
  • Jun 9, 2014 7:35am Jun 9, 2014 7:35am
Quoting rifid
{quote} Let this come to 102377 and form
So, we are waiting for these two outer points (yellow lines)?

Attached Image (click to enlarge)
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  • #550
  • Jun 9, 2014 7:37am Jun 9, 2014 7:37am
Have to leave for a while
patience is bitter, but its fruit is sweet
  • #551
  • Jun 9, 2014 7:38am Jun 9, 2014 7:38am
Quoting Hugo55
{quote} So, we are waiting for these two outer points (yellow lines)? {image}
Yep , gotta go now
patience is bitter, but its fruit is sweet
  • #552
  • Jun 9, 2014 8:19am Jun 9, 2014 8:19am
Quoting rifid
Pos. on u/chf ,but maybe due for retracement on 1h
U/ chf just triggered see if its got any legs
patience is bitter, but its fruit is sweet
  • #553
  • Jun 9, 2014 8:50am Jun 9, 2014 8:50am
Is this what you are looking at?
Ignore my buy line, it is from a different set-up

Attached Image (click to enlarge)
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  • #554
  • Jun 9, 2014 9:00am Jun 9, 2014 9:00am
Quoting Hugo55
Is this what you are looking at? Ignore my buy line, it is from a different set-up {image}
thats it
patience is bitter, but its fruit is sweet
  • #555
  • Jun 9, 2014 9:02am Jun 9, 2014 9:02am
GM all EUR/AUD?
  • #556
  • Jun 9, 2014 9:03am Jun 9, 2014 9:03am
Sorry. EUR/CAD
  • #557
  • Jun 9, 2014 9:09am Jun 9, 2014 9:09am
Quoting Aksel
Sorry. EUR/CAD
have a look on 1h way overdue for a retrace
patience is bitter, but its fruit is sweet
  • #558
  • Jun 9, 2014 9:23am Jun 9, 2014 9:23am
Thanks. Did not notice that. Will have to get a bit sharper.
  • #559
  • Jun 9, 2014 9:50am Jun 9, 2014 9:50am
Quoting chrissfx
Hello @ all, the eur/jpy trade is now nearly at +15... anyone else taken this one too? best regards chriss
Was in this trade as well.

Just got back from a long dinner and some shopping, so nice to see the trade had closed with a gain while I was out Had move stop loss to BE before going out...
  • #560
  • Jun 9, 2014 9:54am Jun 9, 2014 9:54am
Quoting PipsiKoala
{quote} Was in this trade as well. Just got back from a long dinner and some shopping, so nice to see the trade had closed with a gain while I was out Had move stop loss to BE before going out...
8% for you too
patience is bitter, but its fruit is sweet
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