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  • #121
  • May 27, 2016 8:10am May 27, 2016 8:10am
Quoting maflip
{quote} Hmmm careful UJ is now going up. Edit* Ah well it may work well see. I'm sure you know what you are doing. Sorry bro, i'm not going to make you second guess your decision. It's doing that maybe because Dollar and Yen is almost the same strength right now. But pound is still weak so you may be right. {image}
no worry bro , I know where the exact pts to take loss if price go up , small risk to me compare to my today profit pips.
** I testing M5 reverse point.
Exits == most important part of your strategy
  • #122
  • May 27, 2016 8:19am May 27, 2016 8:19am
Similar to what happened last Friday 160 is again support H4 chart. If they break this down we may go back down again like it did last Friday. History repeat itself. If so this GJ pair is like a big zigzag.
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  • #123
  • May 27, 2016 8:24am May 27, 2016 8:24am
woo , my thread got > 40 traders viewing ...
* to make M1 trading more accurate , I need put M5 fractal to M1
Exits == most important part of your strategy
  • #124
  • May 27, 2016 8:24am May 27, 2016 8:24am
Quoting edmun1388
woo , my thread got > 40 traders viewing ...
you are now famous hah hah hah
  • #125
  • May 27, 2016 8:26am May 27, 2016 8:26am
Quoting maflip
Similar to what happened last Friday 160 is again support H4 chart. If they break this down we may go back down again like it did last Friday. History repeat itself. If so this GJ pair is like a big zigzag. {image}
mine is 160.207 support , is 1/3 year range
Exits == most important part of your strategy
  • #126
  • May 27, 2016 8:27am May 27, 2016 8:27am
Quoting maflip
{quote} you are now famous hah hah hah
I still not yet reach my target ..still fail
Exits == most important part of your strategy
  • #127
  • Edited 9:06am May 27, 2016 8:37am | Edited 9:06am
Attached Image

My entry always slightly late because I am not pick top and bottom.
I try get 1 system that with fix pattern from M5/M1 as entry , so NO BRAIN system brainless system for edmun1388's wife

* I think next week I able finish my 200 pips/day project , may be 150 pips/day , all setting prepare , zero or 5% loss is possible if use M15 together with M5/M1.
UMMM ... forget add brain , so is M15+M5+M1+brain

** nite all , good friday

** if use this new method is long from 160.40 , also is brainless strategy
Exits == most important part of your strategy
  • #128
  • May 27, 2016 9:57am May 27, 2016 9:57am
I short using hand phone , test my system.+15 now from 160.758. If win rate 80% , happy I.
** but I dont have exit method in handphone ..
Exits == most important part of your strategy
  • #129
  • Edited 10:33am May 27, 2016 10:18am | Edited 10:33am
ok , at home small wife laptop , long n ow.
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Friday night , low volume gg.
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win also
** ok guy, enough for today , good nite . 23:30m pm malaysia time
Exits == most important part of your strategy
  • #130
  • May 27, 2016 12:12pm May 27, 2016 12:12pm
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NO holy grail , i got losses also.


resistance : 160.95 33 pips to 161.30 then will target 161.93
Exits == most important part of your strategy
  • #131
  • Edited 1:10pm May 27, 2016 12:47pm | Edited 1:10pm
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if you have good strategy , you will never scare price jump up and down quickly , just like this chart , I know those volume is for bull to scare trader but cant scare me because I know M30 is bull trend up & H4 cross bull level.
Exits == most important part of your strategy
  • #132
  • May 27, 2016 1:16pm May 27, 2016 1:16pm
Attached Image

resistance : 160.95 33 pips to 161.30 then will target 161.93
+37 pips hold
Exits == most important part of your strategy
  • #133
  • Edited 1:42pm May 27, 2016 1:31pm | Edited 1:42pm
left blank , will tell when i close trade before sleep , i sleepy now 2:30 am ..zzzzZZZ [ test close trade strategy]

SL : 161.10

** bro , I cant take it already , i WILL CLOSE NTRADE AND GO SLEEP . SRY
Exits == most important part of your strategy
  • #134
  • May 27, 2016 9:58pm May 27, 2016 9:58pm
Dear Edmund,

Thanks for sharing your thread bro.

From what i have observed, can i infer that your system is based on a momentum range breakout strategy on the lower time frames based on a strong/trending currency pair?

As my approach is similar to yours coupled that i am also working towards consistency as well, i am interested in your performance statistics for above system. Is it possible to sync your account to www.myfxbook.com and screenshot your performance figures (e.g. average win/loss, expectancy..., %wins)?

It would provide a larger glimpse into the potential of the system as well as the areas which may/could be fine tuned for better results.

Lastly, why the insistence on 200 pips/day? If you could do 10 pips a day consistently, you would be rich with compounding. Do you trade fixed lots or variable lots?
  • #135
  • May 27, 2016 11:29pm May 27, 2016 11:29pm
Quoting limzy
Dear Edmund, Thanks for sharing your thread bro. From what i have observed, can i infer that your system is based on a momentum range breakout strategy on the lower time frames based on a strong/trending currency pair? As my approach is similar to yours coupled that i am also working towards consistency as well, i am interested in your performance statistics for above system. Is it possible to sync your account to www.myfxbook.com and screenshot your performance figures (e.g. average win/loss, expectancy...,...
hi , I dont know what is momentum range breakout strategy on the lower time frames based on a strong/trending currency pair ,
** I stae what I use **
M5/M1 as entry , volume and strength meter as assist , H4,H1,M30 as trend direction .
If M5/M1 [ alligator+ PA ] entry direction is not H4/H1/M30 trend , do small lot trade . { do you notice that sometimes I do reverse trade short even see GBP strong and JPY weak time , this is because GJ found resistance at H4/H1/M30 and with candlestick pattern .
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to get 400:1 ratio , I base on H4/H1/M30 trend , I dont think M5/M1 base on momentum can get 400:1 ratio .
* about based on a strong/trending currency pair , if I only base on strong trending pair , may be too late when we see the strength , price already go far away , so I notice the best way is wait price reach hard support/resistance then use PA to trade like above .

* I want catch 200 pips/day because I am poor man , do you think SGD 1000 can trade how big lotsize with 1:50 leverage , tiny !!
but if I able catch 150-200 pips/day , then I no need use compound method to grow my account .. [ I think I already reach that level if no more test trade ]
I still do test trade because I want much more accurate strategy , like what I found yesterday using handphone also can do win trade.[ yesterday try 2 trades both win]
www.myfxbook.com - I try before just scare they hack mine mt4 , slow my pc last time/crash.

*** most important is I dont like do risky trade , I will use compound only if I only able get say 30 pips/day , but to me 30 pips/day is too little , i can get it in 1 trade ..>40 pips .
** M5/M1 as entry 10 - 15 pips is ease .
** M30/M5/M1 30 - 40 pips
** H4/H1/M30/M15/M5/M1/M1 50 - 300 pips



************* I make 1 big mistake before , loss 200 pips in 2 min because I never refer news event ... ...real big big mistake
Exits == most important part of your strategy
  • #136
  • May 28, 2016 12:51am May 28, 2016 12:51am
Dear Edmund,

Thanks a lot for clarifying on below and the best of luck in achieving your goals!

Its a pity but i wanted to look at how awesome your performance is as of the moment.
  • #137
  • May 28, 2016 8:02am May 28, 2016 8:02am
Quoting limzy
Dear Edmund, Thanks a lot for clarifying on below and the best of luck in achieving your goals! Its a pity but i wanted to look at how awesome your performance is as of the moment.
Just back from Kuala Lumpur , next week most interest to me is using 1 indicator apply to M30 and get almost 75-80 % win rate as I seen and been test it on my hand phone last night, 2 trade both win.

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1st trade +10 not close -4 ,
2nd trade close at +34
* this 2 trade using 1 indicator apply to M30 only.
Exits == most important part of your strategy
  • #138
  • Edited 11:50pm May 28, 2016 9:42am | Edited 11:50pm
To my friend from Thailand
Patrick , msg del
** Edmund ****
Exits == most important part of your strategy
  • #139
  • Edited 2:47am May 29, 2016 1:04am | Edited 2:47am
M30
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h1
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Exits == most important part of your strategy
  • #140
  • Edited 4:56am May 29, 2016 4:36am | Edited 4:56am
Quoting maflip
{quote} We have almost identical entry rule. But I think we both got the main idea from this system. I have attached it below. Then, I use my own strength meter called MadDash. For m1 trade I use the H1 direction, for M5 trades I use the H4 direction. Only trade the strongest and weakest pair MadDash gives. Don't chase the trend wait for a retracement (when M1 crosses the other direction then entry when it crosses back at the same direction of H1). Also, pay attention to average daily range if it's near the average daily range be careful of taking...
Bro , after I finish my GBPJPY project and gain > 100-150 pips daily , I will go to MadDash and do modify according to my GBPJPY trading idead, i think I can make the more solid one.
* now reading ..
* after run it feel too heavy run on my mt4 , hang or slow down whole mt4 , they need make it take data using dll. like this http://www.forexfactory.com/showthread.php?t=400195
* I already make small mq4 like progress system last year , will use it for future not now.
Exits == most important part of your strategy
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