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stevepatt replied May 26, 2015USD/JPY D1 Buy = +1R AUD/JPY D1 Buy = +1R GBP/JPY D1 Sell = Still Open Dimdel which time is your Broker using to start a new day? My Broker is on New York Time so I have no Sunday Candle which, for this method, is important.
Daily green/red candle
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stevepatt replied May 26, 2015Hi dimdel; Which JPY pairs are you talking about?
Daily green/red candle
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stevepatt replied May 25, 2015Hi George; Because the Supply Level held and the Bearish Momentum at the close of the Candle.
Daily green/red candle
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stevepatt replied May 25, 2015Hi George; Yes, I would have entered after that setup candle, see chart below. To be honest, with you, I have been taking a closer look at dimdel's method and I can see the merits of just Trading as per dimdel rules. I have been so used to "Trading ...
Daily green/red candle
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stevepatt replied May 24, 2015Hi dimdel; Looks like I'm over complicating things. All that's needed to test this then is an EA that follows the criteria you set out in this Chart Post 748 without any additions.
Daily green/red candle
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stevepatt replied May 24, 2015Hi dafa; The candles you have highlighted weren't Traded because the pending order did not trigger on the next candle.
Daily green/red candle
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stevepatt replied May 24, 2015Hi dimdel; Having a change in Candle Colour and Closing Momentum is a very good indication of the beginning of a New Swing Point. The GBP/JPY D1 Chart shows a change in Candle Colour and Closing Momentum = good opportunity The EUR/GBP D1 Chart shows ...
Daily green/red candle
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stevepatt replied May 24, 2015Hi Rob; Yes, I have my Take Profit set to 1.5R. The start of a New Daily Swing Point could be the start of a massive New Trend or the start of a New Range, I don't know, so I Trade what I can expect from the average Daily Swing. By moving my SL to ...
Daily green/red candle
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stevepatt replied May 24, 2015On the chart I posted above you will see an adapted Fibo which shows my Trade Management once I'm in a Trade. The USD/JPY D1 Chart, below, shows the results of using this Trade Management Method during the period of consolidation shown on the chart.
Daily green/red candle
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stevepatt replied May 24, 2015Hi dimdel; I saw your thread when you first started it and after reading it, I had some ideas for my own Trading. By Trading, in the direction of, the first Daily Candle to change colour you are essentially Trading the first signs of a New Daily ...
Daily green/red candle
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stevepatt replied May 23, 2015When testing something, like this, look for difficult areas to Trade from. This is the results of Trading USD/JPY consolidation.
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied May 23, 2015I found my Trend Trading Plan didn't give me a firm enough frame work in which to Trade consistently. By Swing Trading the Daily Time Frame I have far more flexibility to take both Long and Short Trades, no matter the Longer Term Trend, I now also ...
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied May 23, 2015image image image I've taken 6 other Trades this week with slightly better results. The EUR/GBP Trade reversed and took me out at BE +10 pips as can be seen on the H1 chart.
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied May 23, 2015Positive USD news resulted in these Trades not doing too well. USD/CAD D1 Sell (-1R) GBP/USD D1 Buy (-1R) NZD/USD D1 Buy +0.15R
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied May 21, 2015USD/CAD D1 Sell Stop GBP/USD D1 Buy Stop NZD/USD D1 Buy Stop Three setups this evening.
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied May 21, 2015Hi Walter; Sometimes it's the simplest ideas that have the best results. I've set my TP to 1.5R because it is far quicker to hit and a lot of Swings don't go much further than this any way. As you can see from the charts I've posted there are plenty ...
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied May 21, 2015Here's an example of what I'm looking for. By moving the SL to BE +10 after 0.5R has been reached means even if the Market reverses I at least make something from the Trade. I
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied May 21, 2015As a result of this self discovery I've decided to revert back to Swing Trading the Daily Chart. I'm using Candle formation alone, with no Indicators, to determine Daily Swing Points. I've tried using various Indicators to help with this but the ...
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied May 21, 2015It's been a while since I've posted anything. I've been re-thinking my whole Trading methodology, the chart below shows my recent results, which apart from two EUR Trades have not been good. Twice within these latest results my account had increased ...
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Apr 26, 2015EUR/USD D1 Short Trade Taken out of this Trade for (-135) pips (-1R)
MultiTimeFrame Trend Trading with Price Action