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Genuine 5m 4R/R system

  • #901
  • Jun 13, 2014 2:15am Jun 13, 2014 2:15am
As I understand, the idea behind the points is that if the second point closes lower than previous in an up trend let's say, it just shows that the buyers are not strong enough to push the price higher. Rifid ?
  • #902
  • Jun 13, 2014 2:27am Jun 13, 2014 2:27am
Quoting 2121
As I understand, the idea behind the points is that if the second point closes lower than previous in an up trend let's say, it just shows that the buyers are not strong enough to push the price higher. Rifid ?
I have just found over the years, that if each consecutive smaller retracement can reach the top line you have drawn you will have much higher success in the long run, you will easily find in backtesting that the ones that line up perfectly always perform better. If the last one is slightly higher it also shows there is increasing buyer pressure. Reverse for shorts of course.
patience is bitter, but its fruit is sweet
  • #903
  • Jun 13, 2014 2:30am Jun 13, 2014 2:30am
Keep an eye on eur/jpy short...on 1 hr and 4hr its a solid pin bar as well,
  • #904
  • Jun 13, 2014 2:30am Jun 13, 2014 2:30am
Quoting Brdino
E/U 2 pointer, but not neat.
Notice how the candles have become a lot more volitile since the euro open
patience is bitter, but its fruit is sweet
  • #905
  • Jun 13, 2014 2:31am Jun 13, 2014 2:31am
Quoting Gareth22
Keep an eye on eur/jpy short...on 1 hr and 4hr its a solid pin bar as well,
good spot
patience is bitter, but its fruit is sweet
  • #906
  • Jun 13, 2014 2:34am Jun 13, 2014 2:34am
Quoting 2121
{quote} Hey mate, I hope you didn't take them all at the time because you are just doubling your risk.
I took 4 of them some with half position size. Yes it was risky but i felt the yen was weakening, owell gotta risk it to get the biscuit. Scored 158 pips which was a nice way to end the week.
  • #907
  • Jun 13, 2014 2:39am Jun 13, 2014 2:39am
Quoting Jamie.A
{quote} I took 4 of them some with half position size. Yes it was risky but i felt the yen was weakening, owell gotta risk it to get the biscuit. Scored 158 pips which was a nice way to end the week.
Go to the top of the class
patience is bitter, but its fruit is sweet
  • #908
  • Jun 13, 2014 2:42am Jun 13, 2014 2:42am
a/j has also hit massive resistance on 4hr chart so might be some nice shorts comming
  • #909
  • Jun 13, 2014 2:46am Jun 13, 2014 2:46am
Quoting Jamie.A
{quote} I took 4 of them some with half position size. Yes it was risky but i felt the yen was weakening, owell gotta risk it to get the biscuit. Scored 158 pips which was a nice way to end the week.
It's great that it worked very well this time but if the opposite would had occurred all the pairs would follow to your SL. But still great trades.
  • #910
  • Jun 13, 2014 2:47am Jun 13, 2014 2:47am
Quoting rifid
{quote} Go to the top of the class

haha my thanks to the teacher
  • #911
  • Jun 13, 2014 2:52am Jun 13, 2014 2:52am
Quoting 2121
{quote} It's great that it worked very well this time but if the opposite would had occurred all the pairs would follow to your SL. But still great trades.
I concur with your comments 2121, however this is a high risk v reward s system, if all four failed then it only takes1 more win to make up the loss, worth the risk ? Yes. But having said that ,me not being the greedy type would be more than happy with 2
patience is bitter, but its fruit is sweet
  • #912
  • Jun 13, 2014 2:54am Jun 13, 2014 2:54am
Quoting Jamie.A
{quote} haha my thanks to the teacher
Ha ha apple for me on monday
patience is bitter, but its fruit is sweet
  • #913
  • Jun 13, 2014 2:55am Jun 13, 2014 2:55am
c/j about to drop
  • #914
  • Jun 13, 2014 2:56am Jun 13, 2014 2:56am
Quoting rifid
{quote} I concur with your comments 2121, however this is a high risk v reward s system, if all four failed then it only takes1 more win to make up the loss, worth the risk ? Yes. But having said that ,me not being the greedy type would be more than happy with 2
Agree mate, patience, discipline and less is more in my book.
  • #915
  • Jun 13, 2014 3:11am Jun 13, 2014 3:11am
Seems like there's been plenty going on in here. I look forward to catching up and joining the party....
  • #916
  • Jun 13, 2014 3:18am Jun 13, 2014 3:18am
Quoting lancedes
Seems like there's been plenty going on in here. I look forward to catching up and joining the party....
Morning Lancedes, rhyms with mercedes, my favouite car. Hope you hav'nt missed the boat, sure there will be more to come.
patience is bitter, but its fruit is sweet
  • #917
  • Jun 13, 2014 3:28am Jun 13, 2014 3:28am
Quoting rifid
{quote} Morning Lancedes, rhyms with mercedes, my favouite car. Hope you hav'nt missed the boat, sure there will be more to come.
Hehe. Indeed it does!! A stalwart through the generations, that car. Cant mess with its solidity!!! They don't make cars today like they used to.
Time to find some nice key points to trade and make a few bucks to get through this sport filled weekend
  • #918
  • Jun 13, 2014 3:28am Jun 13, 2014 3:28am
USD/CAD @ 0841 looks like a promising area.
  • #919
  • Jun 13, 2014 3:34am Jun 13, 2014 3:34am
Quoting 2121
USD/CAD @ 0841 looks like a promising area.
Funny i was just looking at that chart ,and thought that is one ugly chart i will stay right away from that
patience is bitter, but its fruit is sweet
  • #920
  • Jun 13, 2014 3:41am Jun 13, 2014 3:41am
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy+m5.png Size: 29 KB

Heres a nice smooth chart thats what i look for
patience is bitter, but its fruit is sweet
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