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pt49 replied Jun 24, 2009I apologize, but I don't understand what you said.
Swing Trades using Price Action
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pt49 replied Jun 21, 2009Examples of trades not qualifying... eur/jpy, aud/jpy & chf/jpy - 19th Jun... a good candle on each pair however the EMA's had not clearly crossed at Friday's close (down trend not clearly established). Another reason not to sell was that the 3 ...
Swing Trades using Price Action
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pt49 replied Jun 21, 2009PMGO... The last 4 candles on the usd/cad daily chart are "rejection" candles in a sense. The candle on: 16th June did not touch the EMA's (does not qualify). 17th June never had the long wick pointing towards the EMA's (does not qualify). 18th June ...
Swing Trades using Price Action
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pt49 replied Jun 18, 2009USD/CAD buy Swing Trade — Swing trade today... Yesterdays Daily candle pieced the 8ema, is a rejection candle and the trend appears to have changed to up (the ema's have crossed for the first time since mid March). BUY usd/cad - 1.1321 Stop - ...
Swing Trades using Price Action
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pt49 replied Jun 17, 2009Not true. Taking $10,000 and making 1.5% daily would become well over $400,000 if you could compound your profits EVERY day, but you can't do that on a $10,000 account...
Your profit the 1st day is $150... which is not a large enough increase on ...Swing Trades using Price Action
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pt49 replied Jun 17, 2009I've been asked in PM about the EA that I'm testing but sad to say it is not for public release so don't ask... sorry.
Swing Trades using Price Action
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pt49 replied Jun 16, 2009Short EUR/USD — Daily Swing Trade: I had a eur/usd trade posted here however I was looking at the wrong chart when doing my analysis... the eur/usd did NOT trigger a trade by my criteria... my apologies.
Swing Trades using Price Action
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pt49 replied Jun 16, 2009The statement "price is moving sideways" is an oxymoron...
To quote an fxstreet article in defence that markets can move sideways is ridiculous. The article is crap and nothing in that article tells me that the writer knows what he is talking ...Do you still believe in the perfect trading system?
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pt49 replied Jun 16, 2009Big statement... can you elaborate? Or is it just a throwaway statement meant to impress?
THV MTF EA beta testing
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pt49 replied Jun 16, 2009Martingale money management is suicidal IN ANY FORM OF GAMBLING... period!!
Do you still believe in the perfect trading system?
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pt49 replied Jun 14, 2009If you mean are these trades on a live trading account, no they are not, but I have started demo trading the method.
Swing Trades using Price Action
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pt49 replied Jun 14, 2009I took the eur/jpy Doji from Friday as a qualifying candle, however it is borderline as the tail/wick is not really long enough, still, I did take the trade today (BUY @ 137.70).
Swing Trades using Price Action
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pt49 replied Jun 14, 2009Not the Holy Grail, but it works so far... 8 months now on Demo accounts. The current results below are from 26th Jan 09 - 12th Jun 09... 4½ months.
Do you still believe in the perfect trading system?
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pt49 replied Jun 14, 2009Billbss... I would not use a small Doji (as in a spinner) as a qualifyer here. However a Doji that has a very long piecing tail is one I would take.
Swing Trades using Price Action
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pt49 replied Jun 14, 2009EUR/JPY swing trades — Here are the eur/jpy Daily trades the last 12 months... 9 trades for 7 winners with 1 loss and 1 open trade and cummulative profit of +3,506 pips in profit the last 12 months.
Swing Trades using Price Action
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pt49 replied Jun 14, 2009EUR/GBP 08/09 — Here are the eur/gbp swing trades for 08/09... 5 trades for 4 wins and +714 pips.
Swing Trades using Price Action
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pt49 replied Jun 14, 2009Identifying Qualifying Candles — Identifying qualifying candles. Shooting Star... small real body at or near the bottom of the candle. The upper wick is at least twice the range of the real body. Hammer/Hanging Man... opposite of the Shooting ...
Swing Trades using Price Action
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pt49 replied Jun 14, 2009[/COLOR][/COLOR] [COLOR=#000000]If the 8 ema is trending up guess what? Trend is up... keep it simple! [COLOR=red] You are correct, that trade would have stopped out after the retrace. I should have looked closer before posting.
Swing Trades using Price Action
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pt49 replied Jun 13, 2009billbss: ... the Nov 19th candle does not qualify... the wick is too short. We are looking for candles that are strong rejection candles... wick twice as long (or more) as the body. ... the May 6th candle I missed. It does qualify and was a losing ...
Swing Trades using Price Action