Additional notes about my money management: My lot sizing is like this; when I have to risk 150 pips, I open 0.01 lot, and when I have to risk 75 pips, I open 0.02 lot. See? The risk $ is the same for both trades. For some traders, 75 pips stop is ...

profitable Zigzag

Hi Archie, I'm currently using the opposite high/low as my initial stop, then adjust it along the TM (one step above/below). I'm very interested in placing the initial stop at the TM so that the risk reward ratio is better. I'm currently planning to ...

profitable Zigzag

Hi Soondoock, I'm using a less than $500 account at Alpari UK, and it's a micro account. By opening only 0.01 lot, even the 150 pips loss is within 2% of the $500 account (about $10 loss). If you are interested, here's how I adjust my lot sizing. So ...

profitable Zigzag

My long position opened yesterday on GBP/USD 1H chart has hit the SL. And at the same time, a new short position is opened. Here is my new short position: [email protected] (manual entry) [email protected] Please note, it happened so fast that the price ...

profitable Zigzag

Thank you M, You know what? I'll keep testing this method for at least two weeks or so, so that the folks here can get a general idea about what you can expect with this system. I'm not sure what we get after a certain period of time, but even if we ...

profitable Zigzag

Hi M, Yea, if the range was too tight, there would be a possibility of more false breaks. So your may be right. It's good to have a fixed rule, anyway. Yep, I'm in the trade now. Now, I'll be busy. I have to use my psychic force to move the price in ...

profitable Zigzag

Ah, I thought you could keep tightening your range of triggers as the swing range shrinks. I think Howard is correct, but if you had kept tightening your trigger range, your TP would have been hit by now. I'm not sure if narrowing the triggers is a ...

profitable Zigzag

M, you must have won your trade by now. Congrats, mate! Cheers,

profitable Zigzag

Hi M! Ah, yes, mine is 1 hour chart. I'll update my result, too.

profitable Zigzag

My setup on the previous post was wrong. Since the most recent ZZ high is not fixed, I have to take the previous ZZ high as the buy trigger line. I have modified the triggers. image

profitable Zigzag

I've placed a buy stop and sell stop above and below the recent swing high and low on GBP/USD. Buy stop: 1.52895 (ZZ high + 4 pip Alpari UK spread + 3 pip buffer) SL: 1.51769 (ZZ low - 3 pip buffer) Sell stop: 1.51769 (ZZ low - 3 pip buffer) SL: ...

profitable Zigzag

Thanks for your comments, M & cprao, I'm glad you liked it. Did you get the indy from post#40? The one at post#1 doesn't draw lines. Make sure your indy is this one. It draws a line when either swing high or low is formed regardless of time. ...

profitable Zigzag

Thanks for your comments cprao. Yep, 13,5,5. This is just my guess, but if you try larger numbers like 20, 5, 5, you get less false breaks on 1H charts although it reduces your entrires. This will probably help filter bad trades when the market is ...

profitable Zigzag

Hi Michael, Here is the trade I took on EJ 1H chart. image Good to hear you are doing well on 5M. I'm in Japan and I normally go to bed after NY open. So I can't monitor the chart. If you take it on 1H, you can go to bed or do some other things ...

profitable Zigzag

Yea, Archie, 1H is the thing. I personally don't trade on NFP day, but will catch up next week. Probably, GU, GJ, and EJ are the pairs to monitor for this system. You have to find a pair that tends to break strong support and resistance and go ...

profitable Zigzag

Good Potential on 1H — Hi guys, I think that this system has a really good potential. If you trade on 1H and start looking at charts from UK open, I think you can get stable results. Never try to open a position on Asian session as there are ...

profitable Zigzag

Thank you for your reply, emacro! Yea, I tend to jump in. When it works it works without indicators. But nobody knows future. I just like to take it simple. Besides, I use a tiny experimental micro account risking only 2%. So there's nothing to ...

Trendline breakouts

On EUR/USD 1H chart, the trendline has been breached, and now it's back to the breakout point. Will you take this one, emacro? image

Trendline breakouts

AUD/USD — Hi emacro, I like the current AUD/USD setting very much. In line with the trend of 4H and Daily. If it breached the resistance of Daily, it's gonna go further up. image

Trendline breakouts

He hasn't clearly mentioned about how many pips the price actually has to pass over the line. He waits for the price to retrace back to the breakout point to place an entry, so the amount of price buffer may not be a big issue for him. Although I ...

Trendline breakouts