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Old 03-12-2007, 03:28 PM
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maurizio77 maurizio77 is offline
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Hi Sure,

I have attached a pic. This isn't the best example, but it is the first cross-candle i saw after reading your post reply.

The figure i take 3/4 (75%) of is the Cross-candle itself.

Now some profit-loss ratio traders won't like the look of this, as the stop can be more than the potential gain, however i would like to point out that i RARELY, if EVER let my trade hit my stop, you can usually tell if a trade is going pear-shaped waaaay before it hits your stop because the candle you entered on crosses immediately the other way, so i take a small loss on the chin.....and wait for the next cross....depending on the timeframe there can be from 1-20 a day.!!!!

The strength of this system, IMO, is that you can almost catch the very beginning of the movement so if it is a 30 pip movement.you'll probably get at least 20 of them.......and Yes it CAN flip the other way.......but more often than not this sytem catches the very beginning of a retracement too so you can get out early and minimise any loss on that particular trade.

At times you WILL lose on Forex, but you don't have to win all of the rounds to win the fight, just make sure you average better after 12 rounds then the market does.....How do you do this??......If a trade is going wrong get out!!!

Most people can MAKE MONEY on Forex, it's stopping it slipping away after you've earnt it that is the big problem.

Can tell i have just got home from work coz i'm jabbering...sorry lol
Attached Images
File Type: jpg CrossCandleExample1.JPG (141.5 KB, 2685 views)
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