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Trading the middle TZ's

  • #161
  • Mar 10, 2015 4:40am Mar 10, 2015 4:40am
Quoting Albertdkpllh
EJ done. waiting for GU.
gbpusd too will come down, its only doing a little pullback.
Time always comes before price
  • #162
  • Mar 10, 2015 5:08am Mar 10, 2015 5:08am
I think as time goes on we will collectively agree on MM, R:R and the psychology of our trades. I agree that systems will fail, infact i failed here twice and am in GU that seems to be dangling for now, but i will manage it to the end.

With time you will realise some tricks about this system for yourselves. e.g. the hight of the potential zone being created must be considered.

I hinted that the bigger the high of the zone the better your chances of taking 10 pips.

Am sorry that unfortunately the further away my stop loss is from my initial entry the better my chances of securing 10 pips.

Lets test the system. Move your stop loss with the channel accordingly till we are skilled with choosing our trades, for instance I go for markets with a good daily range like the Pound pairs, Yen pairs etc. Lets keep testing and see whats best.

Thanks.
My help is in the name of the Lord who made heaven and earth.
  • #163
  • Mar 10, 2015 5:08am Mar 10, 2015 5:08am
Quoting fxrabbi
{quote} gbpusd too will come down, its only doing a little pullback.
My help is in the name of the Lord who made heaven and earth.
  • #164
  • Mar 10, 2015 5:35am Mar 10, 2015 5:35am
Quoting Albertdkpllh
I think as time goes on we will collectively agree on MM, R:R and the psychology of our trades. I agree that systems will fail, infact i failed here twice and am in GU that seems to be dangling for now, but i will manage it to the end. With time you will realise some tricks about this system for yourselves. e.g. the hight of the potential zone being created must be considered. I hinted that the bigger the high of the zone the better your chances of taking 10 pips. Am sorry that unfortunately the further away my stop loss is from my initial entry...
No doubt, this system is very good and simple, but trading H1 timeframe can not give me my tested MM, which is RR 1:2(SL@10pips and TP@20pips) even when I have 3 loss and 2 winners (10pips *3 =30pips and 20pips *2winners =40pips, therfore 40pips - 30pips =10pips for the day) and I believe this system can give a better win rate. That is why I trade off M15 timeframe for a better stop loss placing and with a better understanding of PA. Thank you, that's my little contribution.
Time always comes before price
  • #165
  • Mar 10, 2015 5:44am Mar 10, 2015 5:44am
Quoting fxrabbi
{quote} No doubt, this system is very good and simple, but trading H1 timeframe can not give me my tested MM, which is RR 1:2(SL@10pips and TP@20pips) even when I have 3 loss and 2 winners (10pips *3 =30pips and 20pips *2winners =40pips, therfore 40pips - 30pips =10pips for the day) and I believe this system can give a better win rate. That is why I trade off M15 timeframe for a better stop loss placing and with a better understanding of PA. Thank you, that's my little contribution.
I make NO interference post trigger - stop or target; its a do or die thing for me in this department....the trick is, it allows me to be PATIENCE.
Time always comes before price
  • #166
  • Mar 10, 2015 5:50am Mar 10, 2015 5:50am
Bonus trade usdjpy, let see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYmicroM15.png Size: 67 KB
Time always comes before price
  • #167
  • Mar 10, 2015 5:52am Mar 10, 2015 5:52am
Quoting fxrabbi
{quote} No doubt, this system is very good and simple, but trading H1 timeframe can not give me my tested MM, which is RR 1:2(SL@10pips and TP@20pips) even when I have 3 loss and 2 winners (10pips *3 =30pips and 20pips *2winners =40pips, therfore 40pips - 30pips =10pips for the day) and I believe this system can give a better win rate. That is why I trade off M15 timeframe for a better stop loss placing and with a better understanding of PA. Thank you, that's my little contribution.
Woow very insightful.
My help is in the name of the Lord who made heaven and earth.
  • #168
  • Mar 10, 2015 5:52am Mar 10, 2015 5:52am
Quoting fxrabbi
{quote} No doubt, this system is very good and simple, but trading H1 timeframe can not give me my tested MM, which is RR 1:2(SL@10pips and TP@20pips) even when I have 3 loss and 2 winners (10pips *3 =30pips and 20pips *2winners =40pips, therfore 40pips - 30pips =10pips for the day) and I believe this system can give a better win rate. That is why I trade off M15 timeframe for a better stop loss placing and with a better understanding of PA. Thank you, that's my little contribution.
I look to walk away with +20pips a day and stay very protective of it
Time always comes before price
  • #169
  • Mar 10, 2015 5:59am Mar 10, 2015 5:59am
Quoting Traffex
My results so far for today with 5 m timeframe (H = 6). SL = 5, BE after 3,5 pips profit, Ts after BE = 1 {image}
Which pairs please? Demo or live?
  • #170
  • Mar 10, 2015 6:16am Mar 10, 2015 6:16am
Quoting fxrabbi
Bonus trade usdjpy, let see how it goes {image}
Hi FXrabbi nice trades, what settings u r using for H on M15.

Thanks
regards
  • #171
  • Mar 10, 2015 6:22am Mar 10, 2015 6:22am
GU is playing with my heart..
My help is in the name of the Lord who made heaven and earth.
  • #172
  • Mar 10, 2015 6:41am Mar 10, 2015 6:41am
It will be a good set up for some 10 pips if it closed like this
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 51 KB
My help is in the name of the Lord who made heaven and earth.
  • #173
  • Mar 10, 2015 6:51am Mar 10, 2015 6:51am
Quoting jeetvirk
{quote} Hi FXrabbi nice trades, what settings u r using for H on M15. Thanks regards
Thanks, I have tried 4,5,6 but, I feel comfortable with H-7, because it line up with my idea of taking a breakout and pullback trades. I hope 7 is ok for M15 timeframe. Thank you
Time always comes before price
  • #174
  • Mar 10, 2015 6:55am Mar 10, 2015 6:55am
Quoting Albertdkpllh
It will be a good set up for some 10 pips if it closed like this {image}
Just to try and explain how the potential MTZs are formed.

It seems GU is behaving well now.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 63 KB
My help is in the name of the Lord who made heaven and earth.
  • #175
  • Mar 10, 2015 7:01am Mar 10, 2015 7:01am
Quoting fxrabbi
Bonus trade usdjpy, let see how it goes {image}
Bonus trade to TP +20pips, +60pips today. Waaiting for NY open for more bonus trades if market permit. Green pips to other traders trading this sweet and simple system.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 66 KB
Time always comes before price
  • #176
  • Mar 10, 2015 7:02am Mar 10, 2015 7:02am
My stop loss is 125 pips away. For only 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 53 KB
My help is in the name of the Lord who made heaven and earth.
  • #177
  • Mar 10, 2015 7:07am Mar 10, 2015 7:07am
Quoting Albertdkpllh
{quote} Just to try and explain how the potential MTZs are formed. It seems GU is behaving well now. {image}
Happy for you, it was just a pullback. Thank you for the lecture, Weldone
Time always comes before price
  • #178
  • Mar 10, 2015 7:10am Mar 10, 2015 7:10am
Quoting fxrabbi
{quote} Bonus trade to TP +20pips, +60pips today. Waaiting for NY open for more bonus trades if market permit. Green pips to other traders trading this sweet and simple system. {image}
You becoming a master here, when do you stop bonuses for the day
My help is in the name of the Lord who made heaven and earth.
  • #179
  • Mar 10, 2015 7:22am Mar 10, 2015 7:22am
Quoting Albertdkpllh
{quote} You becoming a master here, when do you stop bonuses for the day
Thank you, Boss. I trade London open - 1st 3hours of NY open. That's when the money is in play.
Time always comes before price
  • #180
  • Mar 10, 2015 7:23am Mar 10, 2015 7:23am
Quoting Albertdkpllh
My stop loss is 125 pips away. For only 10 pips {image}
GJ +10 pips, Thank God i don't have to worry about that 120 pip stop loss.
. GU still open.
+30 pips for the day. Am done.
My help is in the name of the Lord who made heaven and earth.
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