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TheThing replied Aug 4, 2007Let me try to explain myself with the chart.. First of all we have a clearly strong uptrend! So the 1st bad thing we did with our short trade is that we had broken the golden rule of trading - Trend is your friend and trade with the trend! See how 2 ...
Simple Daily System
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TheThing replied Aug 3, 2007[quote=Kev-K;1523338]Thing, I would like to see your PDF's! Regards, K Here you go
Simple Daily System
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TheThing replied Aug 3, 2007Thank you mestx41 for a great suggestion! So if we add these 2 ma's to our daily charts we can see that trade on 27 of June was against the main trend as well as PB bounced off the 50 ema
There is no way to go short in this situation even if we ...Simple Daily System
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TheThing replied Aug 3, 2007Nice chart Kev-K! What you have marked as "Ooops" is a PB (Pin Bar) and is a well-known element in James16 thread
It's long nose pokes out and price telling you a lie about where it is going..So in this example there is a very good chance of LONG ...Simple Daily System
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TheThing replied Aug 3, 2007EUR/JPY jumped down during asia session and I have no setups for Monday with 3 pairs I'm watching. Regards.
Simple Daily System
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TheThing replied Aug 3, 2007Very good idea of joining the test-team
May I ask you smth if you don't mind? 1) How many pairs are you going to watch? 2) Is the example mentioned above considering SL of 100 pips and TP of 40 and 65 pips just an example or are you going to use ...Simple Daily System
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TheThing replied Aug 3, 2007Really? Didn't know that Tom
Just kidding..
Thank you for support! Regards, DimySimple Daily System
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TheThing replied Aug 3, 2007TP2 hit, 2nd lot closed with profit of 100 pips. No more opened positions running for now. Today profit: +130 pips Total profit (since 19 July): +520 pips As for Monday the only pair that has a chance for trading according to the rules is EUR/JPY. ...
Simple Daily System
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TheThing replied Aug 3, 2007Not at all! Hope it will make you some profit! Regards. P.S. If you are going to follow this system please demo it for 2 months to get consistent results before going live. Thank you!
Simple Daily System
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TheThing replied Aug 3, 2007Thanks Kev-K for your interest in this system, 'cause I had a feeling that I'm alone in this tread and it's only me who believes this should work
Yeah, SLs are huge, for 2 lots it's 180 pips..so one needs to move SL to B/E as soon as possible, ...Simple Daily System
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TheThing replied Aug 3, 2007I'm not a big fan of EA's so haven't found a good one. Regards.
Simple Daily System
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TheThing replied Aug 3, 2007Hello, I haven't looked in details at this spreadsheet but only had time to compare the trades and actual dates of them. These are not my results so possibly the author didn't open each position with 2 lots. I'll try to contact him and ask to ...
Simple Daily System
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TheThing replied Aug 3, 2007Hello K, Yes, according to your chart you saved yourself from loss on 23-25 of July but if you look at my post #99 you can see that i have a bullish daily bar on 22 of July so i had to take that trade. The only difficulty with this system i can see ...
Simple Daily System
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TheThing replied Aug 2, 2007Nope, i need to look for the new 3 candles formation to enter again, there is no re-enter rule. Besides, today we'll have news release and one needs to be careful trading on such days. I'm +30 pips in profit with the 2nd lot and maybe i'll close it ...
Simple Daily System
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TheThing replied Aug 2, 2007You can have a look at attached spreadsheet (performed by another trader) containing all trades were taken for the year of 2007 and compare with the data your broker provides.
Simple Daily System
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TheThing replied Aug 2, 2007Hello sogo and welcome to FF community
I think the best way to start is to visit babypips resource and attend all the classes in order. It will answer many of your questions! http://www.babypips.com Regards.Simple Daily System
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TheThing replied Aug 2, 2007Yes, results will differ from broker to broker but idea and system should remain the same.
Simple Daily System
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TheThing replied Aug 2, 2007Hello birdt, Thank you for your attention to this system and a good idea on improving it. Yes, there are many ways to make this method better (as you showed in your example). The more time you dedicate the better results you'll get. But still you ...
Simple Daily System
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TheThing replied Aug 2, 2007TP1 is hit and 30 pips locked as profit, SL moved to B/E.
Simple Daily System
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TheThing replied Aug 2, 2007Swimming in the same boat, Habeeb
already 80 pips in profit and trailing it with 20 pips stop. Kind regards.Mouteki Trading