Great moves on EU and GU, made +40 on both. They both were stuggling this morning after their gains last week and with how high risk this week is. Keeping an eye on this system gave some good entries, thanks collectchix
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DislikedGreat moves on EU and GU, made +40 on both. They both were stuggling this morning after their gains last week and with how high risk this week is. Keeping an eye on this system gave some good entries, thanks collectchixIgnored
DislikedPerfect! Man, 40 pips, that is a good move!
I picked up 20 on EJ just recently....Ignored
DislikedHello collectchix,
I hope your account still going up. I have been trading your system, but I did some important mistakes, some of my trades met the criteria suggested for the entry, but I noted that Fib's level, round numbers and support and resistance levels play an important role no matter how efective was your entry.
What you do about that?
Anyway I did good trades as well, I just need to filter the trades to avoid these kind of mistakes.
ThanksIgnored
DislikedChix - Do you have any more ideas for a good stop loss? I've tried a number of different levels - 50 pips lately, but it gets really risky trying to stop out at over 2X the expected profit when I'm only going for 20 pips. I've still stoped out on some that would have been winners. I've also tried to use the prior weeks high/low, but that hasn't always worked either. Seems that if I just let it ride, I get the best success rate but it's sooo risky. Thoughts??Ignored
DislikedI haven't been able to trade this much lately as my margin is tied up but took some small UJ longs today and GU shorts yesterday, +120 pips total (3% of account). I dont use stop losses, i'll average in using this method but not stacking them all close together.
I've said it before but this is a good way to see when a trend is exhausted, takes a while sometime but i haven't lost using it as an entry.Ignored