On-site guru & also FF member's' psychiatrist, when not drinking tea
- #21
- Oct 7, 2015 6:37pm Oct 7, 2015 6:37pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #23
- Oct 8, 2015 2:22am Oct 8, 2015 2:22am
honestly theres no difference between the time frames ,it can do that on any the things fractal , {quote}
Yes its stupidly simple isn't it, when set up with a Bollinger Band alert it makes trading flipping easy, I think for usd/cad it can be said that the drop is news related and thus the reason that this is not just picture says buy or sell, it still requires knowledge of the markets so presumably if anybody considering doing this would and should always check whats going on in the fx world prior to taking an entry just from a Bollinger band alert.
But 280 pips dude, come on give a dog a bone
FREEDOM IS SECURITY.
- #24
- Oct 8, 2015 2:25am Oct 8, 2015 2:25am
started a thread in platform tech to find some one to create an EA from this idea----after getting permission from OP thankx hippydoghttp://www.forexfactory.com/showthread.php?t=561102
Nice, Will check it out..
FREEDOM IS SECURITY.
- #25
- Oct 8, 2015 2:37am Oct 8, 2015 2:37am
When you say bb 100/2 and 100/3 2 and 3 are the deviation? I dont get the entry point very well. Can you put the entry and reentries i the others graphics?
FREEDOM IS SECURITY.
- #26
- Oct 8, 2015 2:39am Oct 8, 2015 2:39am
started a thread in platform tech to find some one to create an EA from this idea----after getting permission from OP thankx hippydog
Also the keltner channels at 40/2 and 40/4 for EA.
FREEDOM IS SECURITY.
- #27
- Edited 3:19am Oct 8, 2015 3:06am | Edited 3:19am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Hi hippie ,theres nothing wrong with the system as such I understand the appeal ,I also like the bollinger as its so simple and effective
,but a basic understanding of the market is essential ,I can see why you would compare a H1 and H4 for instance and come to the conclusion theres a difference comparing the charts right at that moment ,it would be right to say tho ,the h4 is a more reliable chart ,
in the end long term I suspect you may find with ever changing markets its not possible to keep it so simple and truly make money ,
,but a basic understanding of the market is essential ,I can see why you would compare a H1 and H4 for instance and come to the conclusion theres a difference comparing the charts right at that moment ,it would be right to say tho ,the h4 is a more reliable chart ,
in the end long term I suspect you may find with ever changing markets its not possible to keep it so simple and truly make money ,
{quote} Hi Bones Yes its stupidly simple isn't it, when set up with a Bollinger Band alert it makes trading flipping easy, I think for usd/cad it can be said that the drop is news related and thus the reason that this is not just picture says buy or sell, it still requires knowledge of the markets so presumably if anybody considering doing this would and should always check whats going on in the fx world prior to taking an entry just from a Bollinger band alert. But 280 pips dude, come on give a dog a bone
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #28
- Oct 8, 2015 3:12am Oct 8, 2015 3:12am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
- #29
- Oct 8, 2015 3:14am Oct 8, 2015 3:14am
Hi hippie ,theres nothing wrong with the system as such I understand the appeal ,I also like the bollinger as its so simple and effective ,but a basic understanding of the market is essential ,I can see why you would compare a H1 and H4 for instance and come to the conclusion theres a difference comparing the charts right at that moment ,it would be right to say tho ,the h4 is a more reliable chart , in the end long term I suspect you may find with ever changing markets its not possible to keep it so simple and truly make money ,
But this is not just the 1 way I trade, this started to help people tweek a way to achieve the goal on ragstoriches thread. Any way yes it can be very dangerous if not carefull yes and I want people on this thread to realise that, I am in no way saying this is clean trading, in fact it is like a cheat that gives me a better indication of where to look for huge gains, do not use the picture alone people, it must be traded with a clear understanding of the markets and news events for the day, days and weeks on occasions should you get caught out....
Cheers buddy.
FREEDOM IS SECURITY.
- #33
- Oct 8, 2015 4:37am Oct 8, 2015 4:37am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
- #35
- Oct 8, 2015 5:54am Oct 8, 2015 5:54am
Hi Hippiedog. What is your worst draw down and how did you manage it ? What percent return are you normaly get every week or mounth in percent return on account ? Are you trying just to build up your account or do you withdraw from it from time to time ? Do you break your account in 2 or more peaces if you should lose it at any point so you can start all over ? Best regards
Sorry buddy I don't go into my account details or share them with other traders, but yes my account is always in profit each month.
No I don't lose on this account because I am not stupid enough to trade this risky style of trading with huge lot sizes, hence should it go sour for me I can repair it with out sweating to much, but It is advised you demo or micro to begin with buddy until you master it because it will wreck your account if you are not careful, You can buy/sell this as well if you wanted, but that's your choice.
Clearly this way of trading can **** your account up and you can loose all your months hard efforts in just one bad choice in the markets trading like this if you aren't careful and trade greedily, so be very careful buddy.
GBP NEWS NOW BUDDY 12GMT WATCH THE GBP/USD NOW....
FREEDOM IS SECURITY.
- #36
- Oct 8, 2015 6:11am Oct 8, 2015 6:11am
News Again at 1.30pm GBP/USD and see what chart looks like at end of day...
You could be the tax man or my ex wife jgadefelth, sorry buddy, I have a nice account though pal and it from be carefull from doing this.
You could be the tax man or my ex wife jgadefelth, sorry buddy, I have a nice account though pal and it from be carefull from doing this.
FREEDOM IS SECURITY.
- #38
- Oct 8, 2015 6:17am Oct 8, 2015 6:17am
That brings up a good point actually to any new traders concerned about paying tax etc my own advice is register yourself as ltd company and pay your self dividend each year... treat your account as a present at the end of one year and compound your balance over a year with out withdrawing, but that my own personal choice. The only down side is corporation tax 
Anyway back to trading now.
Anyway back to trading now.
FREEDOM IS SECURITY.
- #39
- Oct 8, 2015 6:43am Oct 8, 2015 6:43am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
News Again at 1.30pm GBP/USD and see what chart looks like at end of day... You could be the tax man or my ex wife jgadefelth, sorry buddy, I have a nice account though pal and it from be carefull from doing this.
I think you overreacting some i have not asked how mutch money you make or how mutch you invest in every trade i just simply ask on a return in percent if you tell me that you make 10 percent return on your investment every mounth that just tells me 10 percent it dont tells me what is your name or your account number or if it is 10 percent on 10 dollar, 100 dollar or 100000000000000000000000000 or even on a demo account.
Best regards