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Genuine 5m 4R/R system

  • #821
  • Jun 12, 2014 4:41am Jun 12, 2014 4:41am
Quoting lancedes
Morning All, Hope the setups roll in thick and fast today Hey Rifid, what's the diff between this 1:4 system and your scalping system? Is it simply that the r:r is 1:1 instead of 1:4? Are the setups that we are looking for the same? And same entry and exit rules? It appears that way to me after reading through it on post #1. Please correct me if I'm missing something.
Pretty much,but the scalping method is good to use in range bound markets like yesterday or nice setups that have S/R in the way of getting to 20 pips. Just an extra op. to make some pips and keep brain active. You can have a play around with the trade parameters to suit, just makesure the setups are nice and clean and you should do alright with it.
patience is bitter, but its fruit is sweet
  • #822
  • Jun 12, 2014 4:42am Jun 12, 2014 4:42am
eur/jpy +20
  • #823
  • Jun 12, 2014 4:44am Jun 12, 2014 4:44am
Quoting coastie
eur/jpy +20
Good for you,it finally broke thru that support
patience is bitter, but its fruit is sweet
  • #824
  • Jun 12, 2014 5:18am Jun 12, 2014 5:18am
this is the EJ entry you were talking about? right?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.jpg Size: 80 KB
gEt BusY LiVinG oR Get bUsy dyIng
  • #825
  • Jun 12, 2014 5:18am Jun 12, 2014 5:18am
Been away for most of the morning, seems i've missed quite a bit!
  • #826
  • Jun 12, 2014 5:22am Jun 12, 2014 5:22am
Quoting asithaya
this is the EJ entry you were talking about? right? {image}
Yep nicely formed entry
patience is bitter, but its fruit is sweet
  • #827
  • Jun 12, 2014 5:24am Jun 12, 2014 5:24am
Quoting asithaya
this is the EJ entry you were talking about? right? {image}
  • #828
  • Jun 12, 2014 5:25am Jun 12, 2014 5:25am
Quoting rifid
{quote} Yep nicely formed entry
Hey, rifid. You took only +2% on that one, right?
  • #829
  • Jun 12, 2014 5:36am Jun 12, 2014 5:36am
Good day all. What do you think of the AUD/USD setup forming?
  • #830
  • Jun 12, 2014 5:41am Jun 12, 2014 5:41am
Quoting Aksel
Good day all. What do you think of the AUD/USD setup forming?
Looks like a big cup ,just needs the handle
patience is bitter, but its fruit is sweet
  • #831
  • Jun 12, 2014 5:42am Jun 12, 2014 5:42am
Quoting Brdino
{quote} Hey, rifid. You took only +2% on that one, right?
Nah was'nt even around when that formed, been in and out all day today.

Oh wife just told me she took it for a scalp thou
patience is bitter, but its fruit is sweet
  • #832
  • Jun 12, 2014 5:47am Jun 12, 2014 5:47am
Quoting rifid
{quote} Nah was'nt even around when that formed, been in and out all day today. Oh wife just told me she took it for a scalp thou
I think i'll be giving my wife a lesson in forex tonight then!

Do you trade flag patterns rifid? Seems to be one forming on eurjpy?
  • #833
  • Jun 12, 2014 5:49am Jun 12, 2014 5:49am
N/U, N/J 2nd point just formed.
  • #834
  • Jun 12, 2014 5:53am Jun 12, 2014 5:53am
look at eur/aud
  • #835
  • Jun 12, 2014 5:55am Jun 12, 2014 5:55am
Quoting Gareth22
{quote} I think i'll be giving my wife a lesson in forex tonight then! Do you trade flag patterns rifid? Seems to be one forming on eurjpy?
No quite happy doing what i'm doing
patience is bitter, but its fruit is sweet
  • #836
  • Jun 12, 2014 5:56am Jun 12, 2014 5:56am
Quoting Gareth22
look at eur/aud
Nothing there
patience is bitter, but its fruit is sweet
  • #837
  • Jun 12, 2014 6:00am Jun 12, 2014 6:00am
g/u trying to come down and form a 3 pointer @ 8201
patience is bitter, but its fruit is sweet
  • #838
  • Jun 12, 2014 6:01am Jun 12, 2014 6:01am
A/U, A/J worth looking at ?
  • #839
  • Jun 12, 2014 6:06am Jun 12, 2014 6:06am
Quoting Brdino
A/U, A/J worth looking at ?
yep maybe a/u the better one
patience is bitter, but its fruit is sweet
  • #840
  • Jun 12, 2014 6:07am Jun 12, 2014 6:07am
CJ @ 94, just needs one more nice top and then higher low, might give 4:1
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