{quote} Thank you Raylin for your answer. I would to trade nzdusd sell, but the ema are crossing now and the candle is just below the red dots (only 3 pips) Is a good idea to put an order pending on the dot's price? Thanks {image}
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Hi Toscano
I am not too happy about trading Nzd/usd and Aud/usd at the moment Just my gut feel
Your third trade of the day in profit so that's 30 pips with one trade still running at break even
{quote} Hi Toscano I am not too happy about trading Nzd/usd and Aud/usd at the moment Just my gut feel Your third trade of the day in profit so that's 30 pips with one trade still running at break even
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Raylin,
this is a great method, and i'll try to understand it. It seems me very simple.
Raylin, can you please post some more charts and mark your entry points,I im new to forex so I im a little slow on the uptake ! :[
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Ok Nozzer here are some trades that will give you an idea of the system
For guys just starting out with the system I recommend installing the 168 ema on the 1 hour chart
this will give you a 7 day trend on the hourly chart
Also if you using 2% of your capital for each trade you probably won,t be exposed to more than 10%
of your account
The nice thing about this system is that everyone should get the same results
Unlike a lot of systems that revolve around the traders interpretation of the signals
Just remember to take the trade off the close of the signal candle and not the wick
Also before placing your pending orders make sure you are not more than 1/2 the ATR
ie If the average range over the last 7 day is 100 don't place a pending order 50 pips away from
the European or Uk opening price
{quote} Ok Nozzer here are some trades that will give you an idea of the system For guys just starting out with the system I recommend installing the 168 ema on the 1 hour chart this will give you a 7 day trend on the hourly chart Also if you using 2% of your capital for each trade you probably won,t be exposed to more than 10% of your account The nice thing about this system is that everyone should get the same results Unlike a lot of systems that revolve around the traders interpretation of the signals Just remember to take the trade off the close...
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Hi
Is the start time 7 or 8 am UK time?
Your charts are set up for 7 am
{quote} Hi Is the start time 7 or 8 am UK time? Your charts are set up for 7 am
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When I am trading my start of day would be 7.00 am uk time or the beginning of the European session.
So I would normally place my pending orders at 6.55am uk
These pending orders are always buy or sell stops so if my platform does not allow the trade I do not take it
That is, if the price is too close to my order or the price as moved passed the price I wanted.
Although its entirely up to you, trading at the start of the European session or Uk session
2 trades today all my others on watch list are trading into round numbers and not happy about Euro/Usd sell trade
Buy stop pound/usd 1.5645
Buy stop Pound/Jpy 193.79
2 trades today all my others on watch list are trading into round numbers and not happy about Euro/Usd sell trade Buy stop pound/usd 1.5645 Buy stop Pound/Jpy 193.79 {image} {image}
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Good morning Raylin,
i see your graph and the ema 7-28 are crosses down. Are these trades a risk?
{quote} Good morning Raylin, i see your graph and the ema 7-28 are crosses down. Are these trades a risk? Bye. Leonardo
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Hi Leonard
The cross of the 7/28 was 2 days back With such a short time frame you can expect the 7 to point down
I am now trading live so I have brought the 128 ema into the equation so will only trade in the direction of the
7 day trend
I see you have open trades on the Euro/Jpy and Euro/Usd are these from yesterday or from another system
Regards Ray
Ok now i see the Euro /Usd was from this morning .With my charts the trade would have activated at 1.09226
and with my spread of less than 2 pips would have closed out already with 10 pips profit (close though)
{quote} Hi Leonard The cross of the 7/28 was 2 days back With such a short time frame you can expect the 7 to point down I am now trading live so I have brought the 128 ema into the equation so will only trade in the direction of the 7 day trend I see you have open trades on the Euro/Jpy and Euro/Usd are these from yesterday or from another system Regards Ray
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Hi Raylin,
thank you for your explanation. If I undestand you see the 1h graph and then you put your order after you look the smaller tf.
Eurjpy and eurusd are two trades that i put this morning. I attached the screenshot below. I put two pwnding orders on usdcad (1.2935) and usdjpy (123.91)
Hi Leonard
We have such a simple system here .
But we must also follow our instinct
I did not take the Euro/Usd trade because I thought after the Greek debacle I thought the Euro would rocket
I didn,t take the Usd/Cad trade as there was a 240 pip rise and thought a retrace would have taken place
Also the Euro /Jpy I thought the Euro would strengthen
Ray
Guys, are you usually using SL of 50 pips on all charts? I'm curious 'cause it seems a little high to me. What do you say?
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Yes I agree it is high although back testing the strike rate is over 80%
This system is work in progress I may at some stage go for 20 pips with the 1st trade and bring the stop to break even
with the 2nd trade at 10 pips
{quote} Yes I agree it is high although back testing the strike rate is over 80% This system is work in progress I may at some stage go for 20 pips with the 1st trade and bring the stop to break even with the 2nd trade at 10 pips
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I see. Well, in this case I'll start testing.
Can you please tell me if both trades are opening at the same time?
I'm trying to find a script or Ea that will set these trades with one click, for a faster job
Using the RobotFX EAs for a while https://www.robotfx.org/
