Consistent FX Trading

[elang]

Originally Posted by rickw00716

I got it working now...the only thing is that the arrows are not showing up...what makes an arrow show up?

They just signify an EMA/EMA or EMA/SMA Cross.

That all.

I think i may have over complicated things with that zip file.
I will make another one soon with even simpler instructions.

I want the biggest dumbass to be able to take this and make money.

I will get back with it soon.
Regards,
E. Lang

[elang]

TRADE #011

~GBP/JPY~
12.04.2007

Entry - 235.76
Lots Traded - 2.0

Target 1 / 10 PIPs - 233.76 (LIVE)
Target 2 / 30 PIPs - 233.56 (LIVE)
Target 3 / 50 PIPs - 233.36 (LIVE)

INTRA-DAY Stop Loss / 51 PIPs- 235.25
SWING Stop Loss / X PIPs- 234.64
Lash - 0 PIPS

TRADE TYPE: 100% Mechanical
(Entirely Indicator Based / No Technical or Fundamental Anlysis)

STATISTICS

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL Profit Since Trade #001 /16.03.2007/: +941 PIPS

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL Loss Since Trade #001 /16.03.2007/: -140 PIPS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL P/L On Current Trade:
(0) PIPS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SUM TILL DATE: 801 PIPS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

RECOMMENDATIONS:
Close your first lot when you hit 50 Pips Profit (Or a Target of your choice T1-T5) and set a SL for the remaining lot 5 Pips ahead of your Entry Position or at B/E so even if the trade goes against you, you will close with a minimum of 50 + 5 PIPs profit or no incurred expense.

[ahefner33]

Hey Elang.

I do not see the long signal you just posted above on my charts on any of the time frames. Where did you get your long signal? Thanks.

[szymon]

Effi should we go long or short. Green arrow indicates to go long while targets indicate to go short. Please let us know.

[elang]

The trade is long, if you are entering now you stop should be at ~235.15

As i always recomment pick a target T1 to T3 and close your first lot when you hit it, then trail your second, so whatever happens you have your initial profit and its not going anywhere.

I'd like to start adding long term targets from now on so i will be differenciating them by TL (Target Long-Term) and TS (Target Short-Term)

So

TL-1: 237.3872
TL-2: 239.79
TL-3: 243.6772

Regards,
E. Lang

[elang]

I'm still holding this trade i expect it to resume the uptrend not too long from now.

Regards,
E. Lang

[ahefner33]

E. Lang,
What chart do you look at to get you signals from? The H1 showed a short signal, so would that not have been you exiit from you long position held prior? Also, price action was below the mid range of the previous days high and lows. Isn't this a bearish bias?
Thanks.

[rickw00716]

Originally Posted by elang

They just signify an EMA/EMA or EMA/SMA Cross.

That all.

I think i may have over complicated things with that zip file.
I will make another one soon with even simpler instructions.

I want the biggest dumbass to be able to take this and make money.

I will get back with it soon.
Regards,
E. Lang

thanks for posting this and other systems for us!

when will the new version be ready?
I am eager to start trading it!

[mamutot]

Elang - you are my main man!!

[elang]

Entry - 235.76

INTRA-DAY Stop Loss / 51 PIPs- 235.25 (HIT)
SWING Stop Loss / X PIPs- 234.64 (LIVE)

Our targets still remain the same:

Target 1 /Long Term/: 237.38
Target 2 /Long Term/: 239.79
Target 3 /Long Term/: 243.677

We will be nearing 237.38 tooday or tomorrow. I will monitor the profit taking volume at this level and if the correction is small, we will look forward to 239.79 (T2).

You should have locked your 50 PIPS in by now, so from here onwards we will let the price trail to T2 and T3.

I've attached a chart to show you why i chose my long term stop as 234.64
I place a lot of my stops below 61.8%

Regards!
E. Lang