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  • #221
  • Aug 21, 2014 11:55am Aug 21, 2014 11:55am
does anyone here have an indicator or script to know gmt offset of broker.

Mika
Reaction is better than Prediction
  • #222
  • Aug 21, 2014 12:02pm Aug 21, 2014 12:02pm
Quoting mikajap
does anyone here have an indicator or script to know gmt offset of broker. Mika
http://www.forexfactory.com/showthread.php?p=6988106

Will this help you ?
  • #223
  • Aug 21, 2014 12:15pm Aug 21, 2014 12:15pm
Guys do you use 5pip SL when your TP is 5pip also? Or 10pips, or no SL?
I want money!
  • #224
  • Aug 21, 2014 12:49pm Aug 21, 2014 12:49pm
Quoting suicida
{quote} http://www.forexfactory.com/showthread.php?p=6988106 Will this help you ?
thanks a lot
Reaction is better than Prediction
  • #225
  • Aug 21, 2014 12:50pm Aug 21, 2014 12:50pm
Quoting tzolov
Guys do you use 5pip SL when your TP is 5pip also? Or 10pips, or no SL?
As far as my experience, use 10Pips SL FIXED, and 5-7pips TP Fixed
Reaction is better than Prediction
  • #226
  • Aug 21, 2014 1:59pm Aug 21, 2014 1:59pm
Hi Friends/Traders

Indeed this is a good week, Also thanks for everyones contribution.
I must say 5-7Pips is a hight probability target since there are times the gas runs out 2-3 Pip before TP's.

More Trades to come, we just wait for them to set-up

-Swilliam
Profit is on the other side of your mind
  • #227
  • Aug 21, 2014 2:06pm Aug 21, 2014 2:06pm
Quoting pannet1
{quote} Willy, sorry for late reply. As mentioned earlier, I am using the entry techniques for long term position building. The money management is the courtesy of FTI (another amazing trader). He never gave more detail but he sure narrated it in one of his posts. Its called fibo money management. position 1 - 1X lots position 2 - 1X lots position 3 - 2X lots position 4 - 4X lots position 5 - 8X lots position 6 - 16X lots if you see above each position is sum of all previous positions. example position 3 = position 2 + position 1. the challenge...
I appreciate your insights. Indeed like a moving average and does not Lag. With regards to MM, i prefer now to keep simple and accept a loss. Its a bit hard for me to add more than 1 position on a losing trade, i cant stomach it.

But certainly others can do your suggestion if it better suites their strategy.

Swilliam
Profit is on the other side of your mind
  • #228
  • Aug 21, 2014 10:50pm Aug 21, 2014 10:50pm
Quoting mikajap
does anyone here have an indicator or script to know gmt offset of broker. Mika
Try this one, should be easier
Attached File(s)
File Type: ex4 FQ - GMT Detector V2.ex4   118 KB | 572 downloads
  • #229
  • Aug 21, 2014 11:21pm Aug 21, 2014 11:21pm
EJ Trade out at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-ProH1 22.8.14_1.png Size: 55 KB
  • #230
  • Aug 22, 2014 5:53am Aug 22, 2014 5:53am
Quoting jeetvirk
EJ Trade out at BE. {image}
are you goin to BE at 3.5 pips?
  • #231
  • Aug 22, 2014 6:35am Aug 22, 2014 6:35am
Bad day today, all my trades but 1 hit their stop loss
Learning is all about about asking the right questions!
  • #232
  • Aug 22, 2014 6:48am Aug 22, 2014 6:48am
Quoting Jeffray
{quote} are you goin to BE at 3.5 pips?
Yes my friend
  • #233
  • Aug 22, 2014 6:50am Aug 22, 2014 6:50am
Quoting reeeen4
Bad day today, all my trades but 1 hit their stop loss
It happens but i think u still in green, today there are not good setups.
  • #234
  • Aug 23, 2014 1:47am Aug 23, 2014 1:47am
This week is very profitable

ALL wins and no loss

Trading only Recommended pairs and 7 pips TP
EU
GU
AU
UC

Mika
Reaction is better than Prediction
  • #235
  • Aug 23, 2014 10:29am Aug 23, 2014 10:29am
Too bad I had my GBP/USD and EUR/USD lost 20 pips though I set my tp only 5 pips. What broker you using anyway?
Not searching for unusual subject matter but making the commonplace unusual
  • #236
  • Aug 24, 2014 1:42am Aug 24, 2014 1:42am
This week was good. Set sail on tuesday,

Have a nice weekend to all
Profit is on the other side of your mind
  • #237
  • Aug 25, 2014 2:58am Aug 25, 2014 2:58am
Quoting vintex
Too bad I had my GBP/USD and EUR/USD lost 20 pips though I set my tp only 5 pips. What broker you using anyway?
Hey all, I just started looking at this system and I'm using demo for it first. It just so happens that when I started it on Friday there was a loss for EURUSD/GBPUSD, profit on USDCHF, no trade for AUDUSD.

I did some backtesting and the Tues-Thurs ones would have given profit. Just bad luck I guess
  • #238
  • Aug 25, 2014 3:46am Aug 25, 2014 3:46am
Quoting Dave.Z
{quote} Hey all, I just started looking at this system and I'm using demo for it first. It just so happens that when I started it on Friday there was a loss for EURUSD/GBPUSD, profit on USDCHF, no trade for AUDUSD. I did some backtesting and the Tues-Thurs ones would have given profit. Just bad luck I guess
Thanks for backtesting, did you use TP 5 and SL 10 ?

And do you mean there were only losses on Friday ?

Thanks !
  • #239
  • Aug 25, 2014 2:24pm Aug 25, 2014 2:24pm
Quoting vintex
Too bad I had my GBP/USD and EUR/USD lost 20 pips though I set my tp only 5 pips. What broker you using anyway?
I've been staying away from E/U and G/U as these seem to both be very oversold. I also stay away from set-ups where conditions would require me to set a buy limit in the .xx95 region or a sell limit in the .xx05 region.

I think part of what determines your success with this (or any other system) is your willingness to take your foot off the gas when conditions aren't ideal.
  • #240
  • Edited 9:18pm Aug 25, 2014 8:53pm | Edited 9:18pm
Quoting Nico1359
{quote} I've been staying away from E/U and G/U as these seem to both be very oversold. I also stay away from set-ups where conditions would require me to set a buy limit in the .xx95 region or a sell limit in the .xx05 region. I think part of what determines your success with this (or any other system) is your willingness to take your foot off the gas when conditions aren't ideal.
The closeness with the psychological level limit was the reason why I did not bother with the USD/JPY long scalp on Friday.

Care to share the indicators that you use to determine whether the pairs are oversold or undersold?
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