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my system of 20 pips

  • #1,061
  • Oct 30, 2014 4:51pm Oct 30, 2014 4:51pm
Hi FxACtion,

I am slowly learning the parabola....I am getting to know about entries and the profit level but could u advice me a bit on how u set stop loss...

Regards
  • #1,062
  • Oct 30, 2014 5:33pm Oct 30, 2014 5:33pm
Quoting FXAction
{image}
Hello FXaction , is this correct?
Attached Image (click to enlarge)
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  • #1,063
  • Oct 30, 2014 5:35pm Oct 30, 2014 5:35pm
Quoting FXAction
{image}
Hello FXaction,
is this the same setup you enter?
Attached Image (click to enlarge)
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  • #1,064
  • Oct 30, 2014 6:51pm Oct 30, 2014 6:51pm
Quoting verjanso
{quote} Hello FXaction , is this correct? {image}
You are. But there is a lot more to this as these are holy grail set pus. You must be conversant with analyzing chart patterns
  • #1,065
  • Oct 30, 2014 7:03pm Oct 30, 2014 7:03pm
Quoting dennis4u15
Hi FxACtion, I am slowly learning the parabola....I am getting to know about entries and the profit level but could u advice me a bit on how u set stop loss... Regards
I do not bother about stop losses because these are holy grail set ups. Once the chart pattern analysis is correct, price never go back to entry price.These set ups were developed by me, not by my mentor. With these I trade with out fear. I will post three more set ups when they finish developing and with these few set ups I double an account.
  • #1,066
  • Oct 30, 2014 7:24pm Oct 30, 2014 7:24pm
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  • #1,067
  • Oct 30, 2014 7:37pm Oct 30, 2014 7:37pm
Quoting FXAction
{quote} I do not bother about stop losses because these are holy grail set ups. Once the chart pattern analysis is correct, price never go back to entry price.These set ups were developed by me, not by my mentor. With these I trade with out fear. I will post three more set ups when they finish developing and with these few set ups I double an account.
Can you share us about how to spot your "holy grail set ups" which were developed by youself ? :nerd:
  • #1,068
  • Oct 30, 2014 8:06pm Oct 30, 2014 8:06pm
Quoting verjanso
{quote} Can you share us about how to spot your "holy grail set ups" which were developed by youself ? :nerd:
If U had read through the thread, you will notice where I mentioned that I will keep this esoteric knowledge close to my heart, unless I want to implode the economy of the world. But inspite of this I continuously post my set ups b4 they trade. All you need to do is to diligently study them bearing in mind that you are looking out of chart patterns which occur repetitively. Remember, no spoon feeding here. More green pips to your elbow.
  • #1,069
  • Oct 30, 2014 9:11pm Oct 30, 2014 9:11pm
Quoting FXAction
{image}
looks like we had the entry at same level, same time
Attached Image (click to enlarge)
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As Above, So Below
  • #1,070
  • Oct 30, 2014 11:41pm Oct 30, 2014 11:41pm
FXACTION/CATE

I love the system and have been analyzing in the background....send u guys 2 private messages because I believe I am getting the same entries and would like your comments. Below is a naked chart of my EJ entries for Oct 30...plz give a feedback.



Respect
Dejan
Attached Image
  • #1,071
  • Oct 30, 2014 11:57pm Oct 30, 2014 11:57pm
AU Oct 31...
Attached Image (click to enlarge)
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  • #1,072
  • Oct 31, 2014 2:13am Oct 31, 2014 2:13am
Quoting FXAction
{quote} I do not bother about stop losses because these are holy grail set ups. Once the chart pattern analysis is correct, price never go back to entry price.These set ups were developed by me, not by my mentor. With these I trade with out fear. I will post three more set ups when they finish developing and with these few set ups I double an account.
Is it correct price has come down and touched entry price?
I think you're very good trader. BOJ has caused this unexpectedly volatility. Would you mind telling what you'd do if audusd drops to say, 0.8750. Would you continue to hold this long trade, expecting that it will recover? Very curious to know.
When in doubt, HEDGE
  • #1,073
  • Oct 31, 2014 4:34am Oct 31, 2014 4:34am
Quoting AdelPC
{quote} Is it correct price has come down and touched entry price? I think you're very good trader. BOJ has caused this unexpectedly volatility. Would you mind telling what you'd do if audusd drops to say, 0.8750. Would you continue to hold this long trade, expecting that it will recover? Very curious to know.
I still hold, because the chart pattern analysis says buy. Tashkent has used this set up profitably in a previous trade.AU merely went down o create space for trend lines.
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  • #1,074
  • Oct 31, 2014 4:43am Oct 31, 2014 4:43am
Quoting Dejan
AU Oct 31...{image}
Be looking at the charts holistically. We aim to harvest pips as from 80, not peanuts.This is the beauty of the holy grail
  • #1,075
  • Oct 31, 2014 4:54am Oct 31, 2014 4:54am
Quoting FXAction
{image}
One by one
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  • #1,076
  • Oct 31, 2014 5:22am Oct 31, 2014 5:22am
Quoting FXAction
{quote} I still hold, because the chart pattern analysis says buy. Tashkent has used this set up profitably in a previous trade.AU merely went down o create space for trend lines. {image}
You referenced a fantastic trader - Tashkent.

I should only do demo trading until my skill improves, but with luck if price drops closer to your entry price then I won't mind a 0.01 lot or two in live account, to join you guys for the ride.
When in doubt, HEDGE
  • #1,077
  • Oct 31, 2014 8:11am Oct 31, 2014 8:11am
Quoting Jeg
{quote} According to your comment, what would be your thoughts about EURUSD at 1.2500 1.2520 since it has been untested, had a strong approach to the area, parabola, and price bounced strong from there after breaking 1.2520. Do we consider the zone a target or do we wait for the price to come down (if it does) and then we enter? Thank you
Arrived to untested target. Lets see how it reacts now...
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  • #1,078
  • Oct 31, 2014 8:28am Oct 31, 2014 8:28am
Quoting FXAction
{quote} I still hold, because the chart pattern analysis says buy. Tashkent has used this set up profitably in a previous trade.AU merely went down o create space for trend lines. {image}

Have you closed now because break of trend lines?
  • #1,079
  • Oct 31, 2014 9:23am Oct 31, 2014 9:23am
Quoting leeshindig
{quote} Have you closed now because break of trend lines?
Whilst waiting for a reply, I did asked FxAction whether he'd keep the position even if drop to 0.8750. Yes, he would hold the position.
When in doubt, HEDGE
  • #1,080
  • Oct 31, 2014 9:41am Oct 31, 2014 9:41am
Quoting AdelPC
{quote} Whilst waiting for a reply, I did asked FxAction whether he'd keep the position even if drop to 0.8750. Yes, he would hold the position.

Ok, wow.
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