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Attachments: High Reward to Risk Trading
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High Reward to Risk Trading

Quoting abokwaik
{quote} An LVC is closed when it's OPEN price is hit by any following candle..
Thank you!

Quoting abokwaik
{quote}Good luck with your NU trade.
Just closed it out -6 to late in the day. We'll get'em tomorrow buddy!
Find The Pain Points On Your Chart & Trade Off Those Levels
Quoting abokwaik
This is the indicator version of Need4Speed EA (Bull Bear Power). {image} For more details on how this works, please refer to Need4Speed thread. {file}
When i put this indicator on my chart it stays alive until the next ticket then disappears. Can you help?
Quoting Mham2k
{quote} When i put this indicator on my chart it stays alive until the next ticket then disappears. Can you help?
Strange ..
Check Experts and Journal tabs for errors.
No guts, no glory
Be patient on profits, let profits run.

EJ Example from yesterday.

Note that a move to BE would get you out of the trade at BE and even miss the 2:1 RR, not to mention 6:1 RR.

Attached Image (click to enlarge)
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No guts, no glory
Tip : Enter in the place of your planned stop.

Live example, just now. (on Gold).

Attached Image (click to enlarge)
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Proof of concept. (within 3 hours)

This is exactly what I am talking about. It happens most of the time.
This one reached 5:1 RR so far.

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After 6 hours, reached > 10:1 RR.

Attached Image (click to enlarge)
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No guts, no glory
Hey Khalil,

Offering tips now, ha.
You missed up AGAIN on Gold Yesterday, didn't you ?

Khalil : Why ?

Abokwaik : You tried to catch the falling knives, and luckily you got away with it this time.

Attached Image (click to enlarge)
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Khalil : Oh, that one. But the daily was still up.

Abokwaik : Really, And how many Bearish Impulses were at that candle ?

Khalil: 15.

Abokwaik : And how many Bullish Impulses ?

Khalil: 3.

Abokwaik : 3 against 15, and you're a good guy, so you stood up with the poor ones ?
Abokwaik : Are you a CB, a HF or maybe you have very deep pockets that I don't know about.
Abokwaik : You're nothing but a small drop in the ocean. A weak wind can blow you away.

Khalil : I thought ...

Abokwaik : Stop It !. You are here to sell tops, and buy bottoms using PRICE ACTION, not your thoughts. Your target is High Reward, Low Risk.
Abokwaik : Don't play games with me. And why the hell you keep trading Gold. So far it costed you -10% ?

Khalil : OK, I learned my lesson.

Abokwaik : Sure. And how many times you have to learn your lesson?

Abokwaik : NEW RULES:

 

  1. If you insist on trading Gold, I allow you max 2 trades per day. And please user a reasonable SL.
  2. Follow your system. You've seen it.
  3. Don't enter unless :

    1. there is an clear imbalance in bull/bear power.
    2. target LVCs are within a good range.



  4. Take partial profit at 2:1 RR, and let the remaining position run, at least 6:1 RR.

No guts, no glory
"Enter in the place of your planned stop". Sir, That's the way to go. No immediate jump in the trade. Let the price reach the area of your liking. Then let it play. Believe me a very relax way of trade. You will never regret for such a lose.
Forex; the game of movements not the game of candles.
Quoting abokwaik
{quote} Strange .. Check Experts and Journal tabs for errors.
I figured it out, one of my custom indicators was causing this to blow up
OK, after 9 days, we're finally in the green, managing to recover last week's loss plus small profit.
But we're still very far from our target.
Currently our Average Winner = Average Loss.
This should change to at least : Average Winner = 3 x Average Loss.

Gold was the big loser -10.9%, and UJ the big winner +6.6%.

I will minimize the trades on Gold, and focus more on Majors.
No guts, no glory
Quoting abokwaik
OK, after 9 days, we're finally in the green, managing to recover last week's loss plus small profit. Gold was the big loser -10.9%, and UJ the big winner +6.6%. I will minimize the trades on Gold, and focus more on Majors.
Great job! What do you think about about GBP pairs right now?
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • Post #211
  • Quote
  • Edited 12:49pm May 17, 2016 10:02am | Edited 12:49pm
Quoting michisuperfr
{quote} Great job! What do you think about about GBP pairs right now?
With reference to previously posted GU charts.
Our initial Long Entry area resulted > 180 pips.

Now GU might go down and close the newly formed LVCs on H1, and test the Inverted Head&Shoulders Neckline on the Daily.Which could be a good place to go long.

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No guts, no glory
I'll try NU long once again...could be risky with the GDT Price Index coming out today
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Find The Pain Points On Your Chart & Trade Off Those Levels
hello kahil,

have you ever looked at pzharmonic indicator on 1 minute chart poiting the turning point of price movement, i saw it in a thread on ff looks ok
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Quoting clint2008
hello kahil, have you ever looked at pzharmonic indicator on 1 minute chart poiting the turning point of price movement, i saw it in a thread on ff looks ok {image}
No, I haven't.

Tell me more

Does it paint standard harmonic patterns (butterfly, bat, gartly ... etc).
Or is it something else.
No guts, no glory
yes harmonics, i had to look it up as i forgotten to bookmark it. The thread is here

http://www.forexfactory.com/showthread.php?p=8890685

You wouldn't be able to automate that, would you?
Out NU for 51 Pips/ 24%
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Find The Pain Points On Your Chart & Trade Off Those Levels
Quoting GPips
Out NU for 51 Pips/ 24% {image}
That's a good one, with at least 10:1 RR. Simply perfect. 👍
No guts, no glory
Quoting abokwaik
{quote} That's a good one, with at least 10:1 RR. Simply perfect. 👍
Thanks abokwaik... we need more of the same!

Looking back the exit was as good as the entry.
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Find The Pain Points On Your Chart & Trade Off Those Levels
Well I give NU another go long... 1 pip SL
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Find The Pain Points On Your Chart & Trade Off Those Levels
Can you drop the MQL4 for the Bull Bear power indicator. I grabbed N4S_05.mq4 but it seems to have different options that the one you dropped in this thread.
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