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- js5020 replied Dec 13, 2014
Ok I don't understand how your going to kill accounts with this even using some leverage unless you cant let go of a trade that's not panning out (cut it 15-20 pip at the most and flip or re enter in a better spot, don't wait for it to come back, it ...
Magic 5 - five pips only
- js5020 replied Dec 11, 2014
Currently UJ,GJ,EJ,AJ all show same on the 1h,, stuck between a narrowing channel of the 5ma and 20ma,,, the decision will be soon, only NJ has broken out higher in a conclusive way.
USD/JPY Discussion
- js5020 replied Dec 10, 2014
Hey guys just a thought here, open a Magic 5 EA - 5 pips thread just for the EA method and conspire together,,, everyone stays happy? Dave seems to have a handle on automation and tk has the method,,,, sounds like best of both worlds to me.
Magic 5 - five pips only
- js5020 replied Dec 8, 2014
Biggest concern I have now with being short is that although it likely will print an engulfing bear on the daily it did not break the range in either direction, Friday nfp spike top along with the 11-27 candle, and todays low is bottom along with ...
AUD/JPY Trading
- js5020 replied Dec 8, 2014
I still trade this pair, AJ seems to be of little interest to most. Possible 99ish, then 96ish if it makes up its mind I think? If it continues and can hold looks like an engulfing bear on the daily building to me.
AUD/JPY Trading
- js5020 replied Dec 3, 2014
I am currently using 40:1 on a 50:1 account with my derivative of this method, if you have a good hit rate (10:1 or better) run with whatever leverage your comfortable with, its your coin(positive comment) as long as you cut bad trades and don't let ...
Magic 5 - five pips only
- js5020 replied Nov 30, 2014
I use a 25pip fixed emergency default stop with my 15m setups,, my thought here is we are trading at high leverage and small TP and one needs at the very least an emergency hard stop in case of a platform, hardware, power fail, in fact just last ...
Magic 5 - five pips only
- js5020 replied Nov 28, 2014
Here is one of mine in AJ,, had no idea of the future outcome of the candle as you can see, nor did/do I care, I was after 5pip. The trade itself was a bit risky (maybe not the best example here, sorry tk) as the rsi was nearing the 70. Price above ...
Magic 5 - five pips only
- js5020 replied Nov 26, 2014
Hmmm we seem to have a similar plan I have already shorted in the mid .80 area and looking for a drop to the same area (.40-.30), and possibly a bit lower (hoping for .12). Im really not into anything long term here with the holiday and thinner ...
Dragon Riders GBP/JPY
- js5020 replied Nov 24, 2014
I have to concur here, other than some short lived opportunities to this point for some quick pips to the downside there isn't (in my opinion) a defined signal,,, might we be close? maybe and maybe not but Im sure a lot of coin is being chewed up ...
Geppy's Geppy Thread (GBP/JPY)
- js5020 replied Nov 23, 2014
But I'll take them pips anyway I find em, candle by candle if necessary.5 PIPS - Only Five
- js5020 replied Nov 21, 2014
Good trading to you also, may there be many green pips out there for you!
5 PIPS - Only Five
- js5020 replied Nov 21, 2014
I probably would have just closed down the trade and called it a week honestly, I made a personal goal saw an opportunity to meet that goal and took the candle and met the goal, done. There was a lot more to the trade making it a no brainer than ...
5 PIPS - Only Five
- js5020 replied Nov 21, 2014
Well, why did I close? No good logical trading explanation for sure, it boiled down to I wanted to clear 50% profit for 2 wks, I needed 8 pip to do that today and I had about limited time to try to find a setup to do it,,, did it in about 10 ...
5 PIPS - Only Five
- js5020 replied Nov 21, 2014
Chart of the trade ,, lest some say BS. I was a tad slow on the entry but they say a pic is worth a thousand words.
5 PIPS - Only Five
- js5020 replied Nov 21, 2014
Ive been with Oanda for years, but I don't need all the fancy widgets other outfits offer and they are pretty slow implementing any changes to their platform but again Im happy with it and don't like change. Ive tried other platforms but as said I ...
OANDA Discussion
- js5020 replied Nov 21, 2014
Not even trading half an hour and another GJ win .76 to .61 and Im done for the week, 50% gain on the account in 2 wks using only 25:1 leverage.
5 PIPS - Only Five
- js5020 replied Nov 20, 2014
Yup I caught most of it myself while scalping the15m,the bottom just fell out and money was everywhere.
Geppy's Geppy Thread (GBP/JPY)
- js5020 replied Nov 20, 2014
Two more substancial wins on GJ, one using the method to enter and the other using using half the method and experience all the way down to the 15m 200ma. Yes most times I also hold for more than the 5pip and more than 1trade an hour.
5 PIPS - Only Five