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bullrock replied Sep 14, 2007GBPUSD -> would be fine for short but RSI > 50 USDJPY -> would be fine for long but RSI < 50 Edited (correction): EURJPY long @ 159.56 SL would be @ 159.39 (25% of ATR + spread) we put it @ 159.17 below an S/R level on 5 min chart USDCAD short @ ...
Three Bar Scalp Method w Probability
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bullrock replied Sep 13, 2007Petra, how about using breakeven? Say after 20 pips gain you trail your SL to breakeven. If it is hit oh well. You still can reenter the trade later if the price falls below your original entry if it was a long order?
Geico strategy---so simple a caveman can do it!
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bullrock replied Sep 13, 2007You might want to try multiple TPs and put to breakeven to SL when like you have 30-40 pips in gain. You might also try to use a filter like RSI. So if RSI>50 just go long and if RSI<50 just go short... Just some ideas.
Geico strategy---so simple a caveman can do it!
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bullrock replied Sep 13, 2007Why don't you combine the two... Buy/sell on breakout from the high/low... If it retraces from the high/low 10 or whatever percent sell.. Or use two accounts/....
Daily95pips
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bullrock replied Sep 13, 2007
I have serious difficulties of the same sort at the moment. I have lost last year serious sums and now I am playing with pocket money but it seems that I am consistently profitable. I will see what will happen in the future when I could ...Who here manages other people's money?
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bullrock replied Sep 13, 2007Heh you have the point I am not fan of them too. But sometimes they are useful. I have 3 no indicators strategies and 1 with indicators. Just for fun.
Simple 5 / 8 moving average crossover
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bullrock replied Sep 13, 2007So here we go the entry was 158.711 SL has been hit @ 160.10 That's approx 139 pips for today. Will continue the expereiment tomorrow.
Three Bar Scalp Method w Probability
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bullrock replied Sep 13, 2007Yep a good one... There are many other similar methods around and you are right it is working. That you have done it so long it is even better. All my calculations showed success. I wish you goog luck. I use a similar method and included RSI to ...
Geico strategy---so simple a caveman can do it!
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bullrock replied Sep 13, 2007SL has been moved 160.10 previous S/R level... so far so good. We will see how this thing behaves tomorrow.
Three Bar Scalp Method w Probability
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bullrock replied Sep 13, 2007This is true. I know what I am talking about believe me (hint my background) and I have seen people building up fortunes on the money markets from literally nothing. Consistency and discipline and patience are the three things. And the heat factor. ...
FXiGoR-(T_S_R) very effective Trend Slope Retracement system
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bullrock replied Sep 13, 2007Three things at least. Consistency, discipline, trading plan/system. Treat it as a business.
FXiGoR-(T_S_R) very effective Trend Slope Retracement system
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bullrock replied Sep 13, 2007Just my 2 cents... We are talking about probabilities . (If you want you can call the odds). Anything method, model, system, no matter what that has a probability greater than 50% is profitable. The next step, if someone figured out that bit, is too ...
FXiGoR-(T_S_R) very effective Trend Slope Retracement system
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bullrock replied Sep 13, 2007Moved SL to 159.64 below previous S/R level
Three Bar Scalp Method w Probability
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bullrock replied Sep 13, 2007Maybe I am lucky today :surprised
Three Bar Scalp Method w Probability
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bullrock replied Sep 13, 2007What fractals??? Why not keep it simple and speak about plain simple price action??? (That works since several hundred years) It is Microsoft custom to keep renaming the same crap just to sell again the same crap under different cover.
Simple Breakout Method