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    • TheThing replied Jul 25, 2007

      Hi masterpiecefx, a good question! I consider not bullish/bearish candles, but candles with higher/lower opens and closes. A good example of this difference can be sunday candles when a candle say is bearish (downtrend) and its open is lower than ...

      Simple Daily System
    • TheThing replied Jul 25, 2007

      Hi pintto, Yeah, this system may be good for lazy people or for a fullteime workers I think there is 7 hours difference in our time zones (I have GMT+2 and US seems to be GMT-5). Well, i open my positions at 00:00 GMT with the opening of a new ...

      Simple Daily System
    • TheThing replied Jul 25, 2007

      Hello edgarandreszm, I think we should consider news release days or stay away from trading these days. However all results and trades posted here do not take into consideration news days so news candle is just a candle like during any other day. If ...

      Simple Daily System
    • TheThing replied Jul 24, 2007

      Yeah, that's right, my broker provides sunday candle but i do not take it into account. btw, quickly looking at eur/jpy chart i can't see a single losing trade during the 2007 year..interesting..will paper trade it tonight..

      Simple Daily System
    • TheThing replied Jul 24, 2007

      My local time and time of my broker is GMT +2 (I'm using NorthFinance due to unlimited demo account). btw, there is no entry setup for today, but it seems tomorrow i'll open 2 positions according to the system: 1 - long on GBP/USD and 2 is short on ...

      Simple Daily System
    • TheThing replied Jul 23, 2007

      Hi gnspdr33, Actually, this system is not mine, I'm just a follower My entry point was with the opening of the daily candle (249.92). Short position was opened with 2 lots - TP1 was set to 30 pips and TP2 to 100 pips. Suppose to change my targets ...

      Simple Daily System
    • TheThing replied Jul 23, 2007

      Thank you for sharing your system with us! Could you post a chart for better understanding of entry rules? And please clarify your stoploss levels if you're using them. Thank you in advance!

      Tenno system
    • TheThing replied Jul 23, 2007

      Thanks for your input Scott! It should be a good idea to add ATR to the chart and calculate TP levels in dynamic. Still haven't used this myself, 'cause for now i have only 3-4 hours for watching the market and set my trades. This strategy seems ...

      Simple Daily System
    • TheThing replied Jul 23, 2007

      Closed GBP/USD second position with 60 pips profit. That's enough for me Opened short GBP/JPY at 249.90 with 2 lots. 1TP achieved - 30 pips; 2TP achieved - 100 pips. So far so good: 250 pips since 19 July. Regards.

      Simple Daily System
    • TheThing replied Jul 21, 2007

      Well, if i have my previous positions still running and i want to open a new one i need to look for appropriate setup which means 3 bars with higher (lower) open and close than previous day. Another thing to remember is your MM rules. Say if 1 lot ...

      Simple Daily System
    • TheThing replied Jul 21, 2007

      Nope, the only close signal is SL or TP being hit. Anyway, one needs to find optimal settings for SL and TP levels, 'cause 90pips as SL for one pair may be good but it doesn't fit for another one. As well as TP2 for 100 pips is a quite high value ...

      Simple Daily System
    • TheThing replied Jul 21, 2007

      Hello danyFX, I suppose to think that the defference in our results for March 2007 is due to last trade took place in the end of that month. The setup for entry has formed in March but entry was performed in April actually so i didn't take that ...

      Simple Daily System
    • TheThing replied Jul 20, 2007

      GBP/USD 30 pips locked as profit. Second position still running. 60 pips profit since yesterday. From today i'll be watching only 3 pairs with this system - GBP/USD, GBP/JPY, EUR/JPY. You can find your optimal settings and pairs to trade with. ...

      Simple Daily System