Quote:
Originally Posted by daudi81
I started this system a few days ago.
Seems like a good system, but I've lost pretty much every trade.
I'm doing everything right...waiting for the IB, stochastics direction and level before entering a trade.
However, the trade always goes the opposite direction, it could just be horrible luck.
I think my problem may be the time I'm trading. I live mountain time in the US, so I start trading just as the london / new york overlap is ending, and the brunt of my trading is during the Tokyo open. So I may be missing out on all the good opportunities.
What currencies would you suggest trading for those who live in the US and cannot necessarily get in on the good GBP-USD trades. The USD/CHF seems like the biggest mover of the day, but I'm losing alot on that pair.
This isn't necessarily a question for james, just to anyone in the same predicament as me. Any ideas?
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i m just the partial system i say as i m not taking IB/OB into consideration just the hooks with 80/20, and i always make money with stoch, though i m a newbie too and using a demo account. at the moment i trade in GBP/USD only.
P.S
if it is not too much trouble for some one can please point out IB/OB, i cann't seem to understand it. this is wat i get from IB . if stoch >=80 and right candle is shorter then the left, go long, else if stoch <=20 and right candle is longer go short, am i any where close ?
thanks