Simple Crossover For Newbies - Page 2

bigbear3391 · #11 (**permalink**) 05-28-2008, 11:42 PM

Quote:

Originally Posted by core

Simple System

Hey Core,

Thanks for you thoughts. It is simple & works pretty good. Hope u enjoy it.

Bear-

Linuxser · #12 (**permalink**) 05-29-2008, 12:03 AM

Done.

To get the calendar working see this thread: Indicators/EAs for news and trading signals

To get a quick installation (files and instructions) read this post: Indicators/EAs for news and trading signals

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bigbear3391 · #13 (**permalink**) 05-29-2008, 12:08 AM

Quote:

Originally Posted by Linuxser

Done.

To get the calendar working see this thread: Indicators/EAs for news and trading signals

To get a quick installation (files and instructions) read this post: Indicators/EAs for news and trading signals

Attachment 62430

Attachment 62431

great job, thank u.

Bear-

inzider · #14 (**permalink**) 05-29-2008, 12:20 AM

Bouncing pips was a nice thread and you don'y lie on your reputation about this one also.

May i know witch MA you are using on your chart and also don't you think that fibs and daily pivot would be a nice hint about TP an SL.
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Any calendar indic that would call the news? We still need to listen at news or update a news site to get ACTUAL.

Regards!
INZ

prasxz · #15 (**permalink**) 05-29-2008, 12:29 AM

Quote:

Originally Posted by bigbear3391

OK everyone,

Today I will share with you simple ways to secure your profits & cut losses using this method with the given Indies.

OK so all your Indies give you a signal. You take your position. NOW WHAT!!!! WHERE IS MY STOP?!?!? MY TAKE PROFIT!?!?!?!?!

Well these are questions that only you & your fear & greed can answer. But, I will give you a safe (relatively) way to cut your losses & keep your profits running.

OK. STOPS.

As a general rule you should always use stops. In this method you should place your stop above/below the support/resistance line. The size of your stop will depend on the pair & the time frame. It should also conform to your risk appetite & money management rules.

1st pic below is an example on the GBP/JPY 1 HR.

OK. TAKE PROFITS.

This is 1 of the most debated topic in Forex. Where the hell do I get out? In this method we implement a step method. You should always have a goal in mind but you should also be willing to go beyond it. If for example you are up 20 pips & your goal is 100, stick to it. If the trade looks good then let it go. I almost never close out manually. I follow my trade with stops at certain levels. With this method those levels are the new support/ resistance line created as time goes on. Using this method you will catch the breakouts that happen when price breaks the S&R lines (excluding news times.) So when you get to a certain point you are locking in profits. You can just relax & let it go. 2nd pic below is an example.

Of course these are set & forget settings. If you had a goal of 200 pips you would have hit it. Its all up to you. I try to make it easy & not spend all day watching the charts.

OK. Shoot questions to me here or PM me.

Have a great week.

Bear-

nice TS pal

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Forex Indicators Collection

bigbear3391 · #16 (**permalink**) 05-29-2008, 02:12 AM

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bigbear3391 · #17 (**permalink**) 05-29-2008, 02:14 AM

Quote:

Originally Posted by prasxz

nice TS pal

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Forex Indicators Collection

Hey prasxz,

Thanks. I try.

Take Care & Good Luck,

Bear-

bigbear3391 · #18 (**permalink**) 05-29-2008, 02:39 AM

Quote:

Originally Posted by rod30

very nice work Big Bear why you dont post it on manual trading system ???
ive got a lot of e mail from new traders i think to start with a simple trading system its good news incoming its the best my advice 30 min before 30 min after news dont trade only if you can't trade the news

Hey rod30,

I was not sure where to place it. You can always just let them know about the thread.

Thanks.

Take Care & Good Luck,

Bear-