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45 Combo - momentum system

  • #2,441
  • Mar 12, 2015 3:05am Mar 12, 2015 3:05am
Quoting Hammertop
Morning guys. I got GU as well. Good start for many in the morning. Anyone in EU? I passed on it as risk would be 9 pips. I would rather play safer right now, as birdland suggested. Edit: on an hindisght afterthought, it would have been logical to believe it would at least test the previous high. Too bad...
I took it the risk was only 6 and it flew to TP. Its an interesting day there are at least 80 pips to be taken so far today, I missed the first signal I would be interested to know how many pips FX would have taken on a day like today and how he would play it for the rest of the session. I am guessing he would just try and take low risk set ups.
  • #2,442
  • Mar 12, 2015 4:07am Mar 12, 2015 4:07am
another 2 nice setups on short EU and EJ hit the 20 mark...what a day!
trading is like dancing, don't think and just listen to the music!
  • #2,443
  • Mar 12, 2015 4:09am Mar 12, 2015 4:09am
Quoting birdland
another 2 nice setups on short EU and EJ hit the 20 mark...what a day!
Yes I just took 14 on EJ.
  • #2,444
  • Mar 12, 2015 4:11am Mar 12, 2015 4:11am
Quoting schoe
{quote} Yes I just took 14 on EJ.
trading is like dancing, don't think and just listen to the music!
  • #2,445
  • Mar 12, 2015 4:19am Mar 12, 2015 4:19am
Anyone having connection issues this morning? I keep getting disconnects on all my MT4 terminals
  • #2,446
  • Mar 12, 2015 4:21am Mar 12, 2015 4:21am
Yes, I was having a hard time getting my platform to accept a trade earlier.
  • #2,447
  • Mar 12, 2015 4:32am Mar 12, 2015 4:32am
Hey guys first time posting. I was not able to get filled on the Long EU & GU trade setups this morning. Price moved too quickly away from the entry candle. Anyone else have that problem?
  • #2,448
  • Mar 12, 2015 4:48am Mar 12, 2015 4:48am
no problem this morning with mt4
trading is like dancing, don't think and just listen to the music!
  • #2,449
  • Mar 12, 2015 5:10am Mar 12, 2015 5:10am
Long GU: -5
Looked like it would go for a retest, but....
  • #2,450
  • Mar 12, 2015 6:18am Mar 12, 2015 6:18am
Great day for trading I want to learn to be able to recognise when conditions like this are ripe for hitting targets.

The first thing I noticed is that there was plenty of liquidity in the market you could see it immediately from the sweet spot lines and it was also apparent the pairs were trending nicely.
  • #2,451
  • Mar 12, 2015 7:06am Mar 12, 2015 7:06am
can anyone post the template?
  • #2,452
  • Mar 12, 2015 7:14am Mar 12, 2015 7:14am
Quoting justin7
can anyone post the template?
yes i can
trading is like dancing, don't think and just listen to the music!
  • #2,453
  • Mar 12, 2015 7:20am Mar 12, 2015 7:20am
Quoting birdland
{quote} yes i can
LOL! I found it on the first post thanks.
  • #2,454
  • Mar 12, 2015 7:21am Mar 12, 2015 7:21am
question for fxtycoon: Do you have a limit as well to loss for a day? If the market is ranging a bit or whipsaws around and you lose a few in a row or anything? Or is that why you only trade the EU session because of the more liquidity and up and down movements?
  • #2,455
  • Edited 2:05pm Mar 12, 2015 9:00am | Edited 2:05pm
first 2 trades taken losses lol. long attempt on e/u and short attempt on u/j during usa session this morning. followed the rules. I think I'll go with fxtycoons strategy of only trading EU session.

2nd EU long TP hit

3rd EU long loss

2nd UJ short loss

sofar 8 losses 1 win trading from the start of us session until now into the afternoon. Trading E/U and U/J only.

profit / loss : minus about 20-23 pips or so
  • #2,456
  • Mar 12, 2015 2:04pm Mar 12, 2015 2:04pm
^^^^ REAL results
  • #2,457
  • Mar 12, 2015 2:14pm Mar 12, 2015 2:14pm
Quoting justin7
question for fxtycoon: Do you have a limit as well to loss for a day? If the market is ranging a bit or whipsaws around and you lose a few in a row or anything? Or is that why you only trade the EU session because of the more liquidity and up and down movements?
Suggestion for you..Read the thread. See you in a week.Cheers,
  • #2,458
  • Mar 12, 2015 2:21pm Mar 12, 2015 2:21pm
Quoting justin7
^^^^ REAL results
You rarely will find any momentum late on a Thursday US session. Best times to trade IMO any system, are when markets overlap i.e., Asia close/Europe open, Europe close/New York open. Pick one. Trading all day will make you anxious and you'll take trades you probably shouldn't. Like Ty, I am in California. Frankfurt opens at 11pm and trading through London open for 2 hours gets me to bed at 2am. I have made all the mistakes. Develop a filter. Time is one of them. Pick trading hours, and stick to them. By focusing on 3 single hours, you will learn particular patterns of that time. You will learn which trades to jump on, and which trades to skip.
Follow the money --Mark Felt (Deepthroat)
  • #2,459
  • Mar 13, 2015 1:26am Mar 13, 2015 1:26am
Quoting longfellow
{quote} By focusing on 3 single hours, you will learn particular patterns of that time. You will learn which trades to jump on, and which trades to skip.
i like that
trading is like dancing, don't think and just listen to the music!
  • #2,460
  • Mar 13, 2015 1:58am Mar 13, 2015 1:58am
Morning Bird and fellow combo traders.
3 traders viewing now