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    • dan89 replied Mar 7, 2012

      profit is profit In my opinion moving stops to break even at 1/1 and exiting at 1/2 (risk/reward) is the better option even though you will get stopped out quite a few times at BE. Reason is at 1/2 RR you only need to have a win rate of around ...

      Buy sell line trading
    • dan89 replied Mar 7, 2012

      The problem is people think there should be or is a 'system'. All this is, and other 'systems' is just an edge. The problem is the market is always different every single day and you have to be able to evolve and adapt to the changes ... a system ...

      Buy sell line trading
    • dan89 replied Mar 6, 2012

      Dont bother applying the rules of ANY system/method as if its life of death. Do some basic analysis of the chart AND follow the method. the rules are more of a guide. Yeah 60mm didnt mention anything about trading times ... you should be able to ...

      Buy sell line trading
    • dan89 replied Mar 6, 2012

      Yeah there's no point trying to create an EA for any system, they dont work .. period. You cant just blindly trade this method like a robot/ea you have to do some basic analysis like 60mm has mentioned, plus support/resistance etc. giraia_br, ...

      Buy sell line trading
    • dan89 replied Mar 6, 2012

      Im assuming your entered on the break of the red hammer type candle. In my opinion that red hammer candle isnt much of an englufing pattern + look at that lower wick on it and the doji before it.

      Buy sell line trading
    • dan89 replied Mar 6, 2012

      a longer candle does not necessarily mean higher risk, you have to take into account the time frame and the ADR. yes if a signal candle on 4hr is 100 pips from high to low you wound'nt bother taking a trade off that candle on the EU

      Buy sell line trading
    • dan89 replied Mar 6, 2012

      chart is far too choppy mate, its ranging, this is a trend trading system. BTW I would suggest people do some basic chart analysis while using this method. e.g. s/r BRN. candle patterns, channels etc. that chart you posted ...price trading right ...

      Buy sell line trading
    • dan89 replied Mar 4, 2012

      60MM - you mentioned in a earlier post that you look for engulfing bars (where the body of the candle has to engluf the body - high/low - or the previous candle. Below is one of your charts where I have drawn at the top what I assume is a englufing ...

      Price Action and Trading Discussion