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Favorite replied Oct 15, 2011That's exactly what I thought! Thank you, lawgirl21!
Yet another moving average crossover system
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Favorite replied Oct 15, 2011lawgirl21, maybe it is a stupid question, but I'm smart enough not to be afraid to look stupid!
What exactly do you mean when you say "a strong cross"? Thank you!Yet another moving average crossover system
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Favorite replied Oct 13, 2011I had to miss this session and maybe I'll have to miss the next session (family matters). whatfx, I used to scalp M1/M5 with stochastics, the results were pretty good, but it was very stressful, you have to watch M1/M5/M15/M30 at the same time, so I ...
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 12, 2011The trap 1.3800/1.3777. Entered at 8:19 EST Euro 1.37695, but the price turned against me almost immediately, so I exited with a small profit +13.3 pips. Altogether 43.3 pips from the system, not a bad day, not bad at all!
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 12, 2011Not the best day for the system, so far I entered only one trade (showed it in the post #649) and got +30 pips. That's good, but not great!
Was anybody more lucky than I was? Fortunately I scalped Euro all morning long with another system. Is it ...Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 12, 2011The early bird catches the worm!
I think it is not because not meeting your criteria. It was such a nice, good, 180+ pips trend - you just can't go against trend like this, you'll lose 9 times out of ten.Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 12, 2011I don't see here any legit trap. And I also think that the up-trend could be close to the end.
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 12, 2011Since the H-1 trend is up, I decided to take only long trades for a while. It was a small trap, 11 pips high, but I set TP 30 pips as I always do, and it got hit in 20 minutes.
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 11, 2011I saw this trade but didn't take it. Obviously H-1 trend reversed and I decided to take only short trades for a while.
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 11, 2011I took this trade, but got out manually with only +18 pips (thought the price started reversing). Could get 30 pips easily. We live and we learn...

Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 10, 2011Good point, but I think it is kind of individual thing, depends on the trader's habits.
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 10, 2011Guys, I don't want to argue, but all this "retrace" stuff and "counting 1-5 pips" and "waiting for the perfect V" works 50/50 or even worse than 50/50, because it also filters out some very good trades. raz gave us all the rules in his first post. ...
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 7, 2011It went down 20 pips, but I set my "lock" according to the rules in 23 pips (the trap was 23 pips high), so it didn't activate my lock, although it was close. And after that it went up and started ranging, so I exited with a small loss -8 pips. I ...
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 7, 2011I took long GBPUSD at 1.55440. Maybe I shouldn't, maybe the long trend already is almost over, and under normal conditions I probably wouldn't take the trade, but as I said before, I want to test my idea about using a lock instead of a stop-loss, so ...
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 7, 2011GBPUSD trap is forming right now. Good-bye, everybody!
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 7, 2011whatfx, I trade both currencies (GBPUSD and EURUSD) M-1, but I analyze EURGBP using H-1, see whether the current H-1 EURGBP trend is long or short.
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 7, 2011Sure! Here's another one: GBPUSD long 1.55052 at 3:16 EST. In 3 minutes hit TP +30 pips. Once again, not an ideal trap, but good PA supported my decision to take a trade. Sorry, I can't post a picture, don't know what is wrong. Guys, I don't know if ...
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 7, 2011Approximately at this time I set up a trap for GBPUSD. It was not an ideal trap, but it was more than 9 pips high and I liked the PA, so I took the trade. It already hit my 30 pips take profit. I felt very uncomfortable trading only EURUSD, so I ...
Price Trap Eur/Usd 1 MIN
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Favorite replied Oct 6, 2011Guys, the system is almost perfect the way it is, but we all know that there were some losses and there will be some losses (which is natural). Right now I trade with a full lot, but I want to test one of my ideas with 0.01 lot for a while. The idea ...
Price Trap Eur/Usd 1 MIN