I ended up with 22/18 Win/Loss for +92. What I changed this week is... In the weeks past I've always waited for the initial break-out to happen, then waited for a pull back and THEN entered or waited for an obvious trend reversal, then looked for a ...

Peaks and Valleys (Trading Naked)

ummm... strictly attempted humor . I KNEW I shouldn't joke until I finished the entire "market jokes for the not-so-funny-traders" book. I'll stick to trading only from now on.

Peaks and Valleys (Trading Naked)

DAN_MIR... I wasn't saying tighter stops were wrong and you should "watch out". I wanted to know how you trade with tighter stops... i.e. - if you found a way to use a tighter stop (keeping losses small ) and still make decent gains. ...

Peaks and Valleys (Trading Naked)

Hi... dan_mir; Would you mind posting a chart with labels of your entries and stops. It seems you're using very tight stops. Which t/f are you using? So far so good

Peaks and Valleys (Trading Naked)

Yes... I definitely wait for price to break out - then I wait for a pull-back - then look for entry. I am, however, trying out range break out as we speak - with mini-lots though. Like GBP/USD is looking RIGHT-NOW.

Peaks and Valleys (Trading Naked)

Answer to Post #350 - (Good question Oromis - It's easy to put up a chart "after-the-fact" ) - DISCRETION: This is why I added bars to my chart, instead of "Line Chart" only. NOTE: I agree with Kevin's original 50 S/L as a minimum. On 4H ...

Peaks and Valleys (Trading Naked)

My trading IS discretionary. I'll post my thoughts first, then I'll post the mechanics. If you want to make this REALLY simple... (I'll talk in terms of "LONG" - use reverse for "short"). Trade it as originally posted. Just use the 1SMA on "Median ...

Peaks and Valleys (Trading Naked)

Hey Moses,... er... Kevin I'd like to ask you a small favor though. Can you please take a quick look at my posts / chart on prev page and tell me if that's close to the way you still trade this method. If not... it wouldn't make much sense for me ...

Peaks and Valleys (Trading Naked)

(PM I received) I'll answer it here in case others have the same question. As discussed early in the thread, my "signal" line is the bar average. Just put 1SMA on "Median Price (HL/2)". Again... I only use 4H BOGUS...Yes, I wait for the retracement ...

Peaks and Valleys (Trading Naked)

Ummm... Joshua?!? Do they all end up rich in the end? Kharvel must have heard me yelling for him a few posts ago . Honestly, my reasons for not posting much are about the same as Kevin's (minus the web site). I read what more experienced ...

Peaks and Valleys (Trading Naked)

I look at the 4H only. I've found that interpretation of multi-time frame trends is so subjective, that I ended up staring at a perfect setup but not pulling the trigger because I was questioning the overall trends. This is definitely one area I'd ...

Peaks and Valleys (Trading Naked)

above chart — BTW... I just realized that, on the chart I posted above, the way it stands right now... It is a very nice setup. 1) Lower/Valley ; Lower/Peak close 2) Entry 3-5 bellow valley 3) S/L 3-5 of peak (or above the green bar high is ...

Peaks and Valleys (Trading Naked)

How I trade this — - I trade on 4H only. I do not look at other time frames - I watch all 16 pairs I've showed results on - As far as MM... After I determine entry, next I set stop loss (S/L). If S/L is 75 and I don't feel COMPLETELY ...

Peaks and Valleys (Trading Naked)

This system... — I rarely post but felt compelled to do so because it seems that one of the rare quality threads on this forum (this one), is dying out. I can understand, though... I mean, it's too simple and couldn't possibly work. Where are ...

Peaks and Valleys (Trading Naked)

better price — By "better price" I mean... 1) "Long" signal on MT4 (my charts) at 1.2040 (9 spread) - (target 20 pips) 2) Same entry on my non-MT4 (live broker) would be at 1.2045 (4 spread) So, using 2 standard lots and seeing a 5 pip price ...

Any effect with charting MT4 but executing trades with non-MT4 broker?

Is it worth it? — That's what I was getting at, Billflet... I trade an hourly system, looking for 20 pips at a time (small gains but very consistent - using good MM), with a tight S/L (12-14 pips). The other one is a Daily system which sits ...

Any effect with charting MT4 but executing trades with non-MT4 broker?

feeling more confident now — I guess it's just hard, psychologically speaking / un-natural if you will, to just blindly enter a trade on a platform without consulting its charts. At least it feels that way. Takes getting used to. I realized ...

Any effect with charting MT4 but executing trades with non-MT4 broker?

Diff charts — That's it, Vensik; Specifically, as an example, let's say I'm using a M/A cross method on 4H charts. On my original platform, I get a cross and it triggers a "buy" signal. But on my non-MT4 broker chart, it's nowhere near a cross ...

Any effect with charting MT4 but executing trades with non-MT4 broker?

Broker diffs. — I'm thinking that, because of GMT differences between brokers, chart patterns would look different. So, if one is using MT4 demo account to do actual charting and gets (i.e.) "long" signal WITH trend, he would execute that ...

Any effect with charting MT4 but executing trades with non-MT4 broker?