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Olarion1975 replied Jan 25, 2013Awesome trade, mate!
For your 5M enries, do you enter at the close of the candle or wait for the break of the candle's hi/low?Buy sell line trading
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Olarion1975 replied Jan 23, 2013My mistake. I risk 2% per trade, so an average SL of about 30 pips. Not 15 pips.
Buy sell line trading
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Olarion1975 replied Jan 23, 2013Thanks. No, always 2% risk per trade. 8 of 9 trades were on H1, typical stop loss is behind signal candle. If they are small, 15 pips could be the average. True.
Buy sell line trading
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Olarion1975 replied Jan 23, 2013Got another awesome GBPCAD long trade for another +110 pips (not really according rules, just testing some counter trend ideas...) --> 2.0R win Reason for entry: counter trend divergence on CCI (14), entered after break of H4 pin bar and rejection ...
Buy sell line trading
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Olarion1975 replied Jan 23, 2013First, you should always add the actual spread to your Stoploss (for a Sell) no matter how large the spread is (should be not more than 3 pips on the major pairs though). For pairs with a spread more than 3 pips, I personally would not trade them. ...
Buy sell line trading
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Olarion1975 replied Jan 23, 2013Thanks, fish. Wil post some charts later as I am still at work...

Buy sell line trading
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Olarion1975 replied Jan 23, 2013Another very profitable day...+229 pips gained so far. That equals about 9.0R account growth. Win rate: 87.5 % (7 out of 8 trades). All on H1.

Buy sell line trading
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Olarion1975 replied Jan 21, 2013Not many nice looking setups today...I am currently in a EUR/AUD short trade on H1 after an Outside Bar and a mini retracement...floating +20pips.
Buy sell line trading
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Olarion1975 replied Jan 18, 2013Thanks. I would say I was lucky with my stop. Normally this would be a loss, because price spiked up an hour after the entry...
Buy sell line trading
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Olarion1975 replied Jan 18, 2013Here is my recent AU trade on H1 after a nice Outside Bar...+36 pips profit with a risk of +15 pips...a 2.4 R win.
I set my SL above the last swing + a few pips, because my order EA set the SL automatically and I did not adjust to fit the rule ...Buy sell line trading
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Olarion1975 replied Jan 17, 2013I set my SL 1 pip (+spread for Sell) above the signal candle. If it is not a swing, I might set the SL a bit higher above the previous swing point. Regarding your example, my trade wouldn't be stopped out...but price came 0.1 pip close to it. For ...
Buy sell line trading
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Olarion1975 replied Jan 17, 2013I would not take this trade, the engulfing has not happened at a swing point.
Buy sell line trading
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Olarion1975 replied Jan 17, 2013"Only" 4.2R?? Don't hide your light under a bushel! This is absolutely excellent trading!

Buy sell line trading
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Olarion1975 replied Jan 17, 2013Nice trade, congrats! I cannot trade oil with my broker...
+300 pips a day is awesome, mate!Buy sell line trading
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Olarion1975 replied Jan 17, 2013Way to go, mate!
My H4 candle looked different (different broker time) and did not show a setup, so I missed that one. Keep pipping!Buy sell line trading
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Olarion1975 replied Jan 17, 2013Ok, thanks. When did you consider the trade as a win, e.g. at risk/reward 1:1?
Buy sell line trading
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Olarion1975 replied Jan 17, 2013That is awesome, nice work. What pairs are included in the 305 trades? And what was your exit criteria?
Buy sell line trading
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Olarion1975 replied Jan 17, 2013I scan all pairs manually, but I know there is a dashboard thread somewhere for this system... Congrats on your locked profit, good job!

Buy sell line trading
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Olarion1975 replied Jan 17, 2013I look at news, but do not pay that much attention to it. On M5 or M15 this might be different. Sometimes, news push price in your favor or sometimes against you. It really all comes down to money management. For the H4 bar you mentioned, it mostly ...
Buy sell line trading
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Olarion1975 replied Jan 17, 2013Nice trade! I did not take it though, because at the time of entry the round number 89.000 above was only a few pips away. Often price likes to reverse there...
Buy sell line trading