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- fed replied Jul 24, 2009
ending the week with a loss
, but overall 228 pips this week.0400-0700 GMT Breakout Strategy
- fed replied Jul 24, 2009
yes my pending order is triggered in at 6517, TP1 at 6547 and TP2 6587. Goog luck to all of us.
0400-0700 GMT Breakout Strategy
- fed replied Jul 24, 2009
hi, that pair is very good as well for this strategy, that and the e/j. The back testing looks very well. I will start demo on those 2 pairs next week.
0400-0700 GMT Breakout Strategy
- fed replied Jul 24, 2009
hi all, I set my pending orders and waiting guys. I hope I end the week with good profit. So far I had 330 pips this week with this method.
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- fed replied Jul 23, 2009
I will as soon as get home, I will give out a good summary with images as well.
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- fed replied Jul 23, 2009
hi, I haven't tryed any other once yet. I will start trying e/u with demo but before I will back test it 2 years and then if it is worth it I will test with demo for 1 month and go live with that as well.
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- fed replied Jul 23, 2009
Personaly I trade untill friday afternoon, not after
0400-0700 GMT Breakout Strategy
- fed replied Jul 23, 2009
hi Bobcat2, I had to move my SL from entry #2 to break even when my first entry hit 30 pips, so that way it doesn't go against me, if the price made its way to the oposite direction which it did it will break even and entry#2 will close with 0 ...
0400-0700 GMT Breakout Strategy
- fed replied Jul 23, 2009
this is what I mean, during the NY session there could be another play but this time it would be a short. You will notice that because of the break of the trendline that is why I didn't do another long, there isn't much room for 30 pips, usually ...
0400-0700 GMT Breakout Strategy
- fed replied Jul 23, 2009
hi all, just woke up after making that adjustment and as you all know 30 pips tonight that we made. It broke that trend line that I showed on the prev pic, and that trend line was a sup and became a res, now the price is making its way up to res ...
0400-0700 GMT Breakout Strategy
- fed replied Jul 23, 2009
my entry 1 triggered with 30 pips, making an adjustment for order #2 to break even.
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- fed replied Jul 23, 2009
my long pending order triggered, it also broke the yesterday's high and also stayed above the trend line, a good sign for the bull power. Let see what happens. Good night all, I will go to bed now and if my first TP hits my cell will alert me and ...
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- fed replied Jul 23, 2009
hi, I use 2-5 gmt. Tonight is a slow one which gives me time to get ready for my pending orders. I have opened 4 pending orders 2 for buy at 6510 and 2 for sell at6445. Looks like bulls to me but again if the trend line breaks then the bears might ...
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- fed replied Jul 22, 2009
here is an example, this is how the line would be brocken and you will notice that it was bulls all the way. I back tested this was on nov 21 2008, looks like volitile was high and this particular exmaple I would target 50 pips with TP1 and 80 pips ...
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- fed replied Jul 22, 2009
[quote=Dibanos;2895227] Yes thanks, I have it already and very usefull. And you are right the SL and TP could change depends on the volitility of the market.
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- fed replied Jul 22, 2009
hi, I think this strategy is one of the best out there, there are no lagging indicators involved, just price action simple as that. Knowing where and when the price ussually moves will make you succed in trading. Just like everyone out there I have ...
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