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LinkBack (30) | Thread Tools | Display Modes |
03-20-2007, 03:46 PM
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Want to help you with that system.
I have tested a similar system, similar rules. 2 Pairs 1 year testing 1st pair TP 20 +776 TP 40 +1332 2nd pair TP 60 +1402 TP 80 +1323 TP 100 +1959 max drawdown around 30% I don't like this strategy but maybe you will find the right way to use it. One more thing, don't trade everyday this is the key to be profitable with this strategy... Good Luck and happy trading!!!  Last edited by JoZo; 03-20-2007 at 03:49 PM.     
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03-20-2007, 07:30 PM
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03-20-2007, 08:40 PM
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 All the Best Tony Hadley (Gold) 
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03-21-2007, 12:22 AM
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Yeah right. As my chart (I used FXDD MT4 as my charting) indicated the high was on the bid price, therefore I set my buy order +4 pips at the ask price. I don't enter on the ask price of the high because it would not be an accurate representation of the price movement. Everyday, I aim to make 15 pips from the AHAL, if my stop-loss moved to breakeven was stopped out, then that's it. Yesterday I must admit that it was kinda 'wasted' to miss the big move but it would have hit my SL anyway since I entered at 1.9469 and before the big move, it went down to 1.9428 which effectively cancel out my initial SL if I had not moved it to BE point. As tony hadley mentioned, we are riding on the momentum at the "Power Hour", sometimes you will notice that the price goes up then come down all the way. We're not the institutional players so we cannot move the market, we can only speculate it by all fundamental news we have received from the media, and from personalized technical analysis. If a price action never hit the first initial 15 pips, usually you have a chance to make it back when it goes the opposite way. One triggered cancels the other order, unless the triggered order is a losing trade. The important part of this strategy is the entry point. For the take profit and stop loss, all these can be adjust to individual money management preference.
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Reminiscences of a FX Operator | Fibonacci Calculator There is no chance, no destiny, no fate, that can circumvent or hinder or control the firm resolve of a determined soul. - Ella Wheeler Wilcox Last edited by FXOperator; 03-21-2007 at 12:28 AM.
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03-21-2007, 05:21 AM
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Hello everyone,
It's 5:00 am GMT now. GBPUSD is moving very horizontal. Asia session range till now is: 11 pips. Quote:
Greetings Last edited by bkd; 03-21-2007 at 05:31 AM.
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03-21-2007, 06:33 AM
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No trade for me on AHAL.
__________________
Reminiscences of a FX Operator | Fibonacci Calculator There is no chance, no destiny, no fate, that can circumvent or hinder or control the firm resolve of a determined soul. - Ella Wheeler Wilcox
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