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  #41 (permalink)  
Old 06-01-2009, 02:06 AM
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hmmmm, price not moving up!!
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  #42 (permalink)  
Old 06-01-2009, 02:15 AM
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Originally Posted by s050399b View Post
hmmmm, price not moving up!!
Nope.

This is not a strategy for the impatient!! It could take it days to move up to the take profit area!

You'll drive yourself nuts if you stare it. Trust me, I know from experience.

I've got an alarm set to go off at +70 pips so I can change my stoploss, and another to tell me if it stops out and the short trade opens. Unless those alarms go off (or someone says it's not moving up) I don't look at.
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  #43 (permalink)  
Old 06-01-2009, 02:31 AM
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Nope.

This is not a strategy for the impatient!! It could take it days to move up to the take profit area!

You'll drive yourself nuts if you stare it. Trust me, I know from experience.

I'm in front of the office computer, and checking it every 10 mins on a 4 hours chart?! :P haha!!

I wanted to enter trade today, but the igmarkets somehow got my account suspended.
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  #44 (permalink)  
Old 06-01-2009, 03:59 AM
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I'm in front of the office computer, and checking it every 10 mins on a 4 hours chart?! :P haha!!

I wanted to enter trade today, but the igmarkets somehow got my account suspended.
Is it movin' up enough for you now??

Right after I post this it will probably bottom out... it never fails. At least it's a breakeven now.
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Old 06-01-2009, 04:14 AM
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Is it movin' up enough for you now??

OMG!!! Why did igmarkets have to suspend my account?!!?!? I have to wait for next week!!!
Last edited by s050399b; 06-01-2009 at 04:17 AM.
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  #46 (permalink)  
Old 06-01-2009, 04:42 AM
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This trade is moving up fast guys!!! If you can be around to watch it I'd suggest not automatically taking your profit at 234 pips. It might blow straight up through there and you could end up getting an extra 10, 20, or even 100s of pips out of this thing.

Or it could turn around and hit breakeven... Don't get too excited yet

Just don't be tempted to let it retrace below the profit target, hoping it will go back up even higher. This system depends on a small number of huge wins to be successful, and if you let a win slip away it might take you a while to recover your losses.
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  #47 (permalink)  
Old 06-01-2009, 05:06 AM
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there seemed to be a resistance line at 1.6669 on the 30 Oct 2008?
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  #48 (permalink)  
Old 06-01-2009, 06:10 AM
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Hi s050399b

I see you are using IG Markets, same broker as mine.I would be interested to know if you are having the same problem as me regarding ATR on the weekly. Please refer to my post 29. MY ATR currently reads 568 settings are 14 applied to close. For some reason they dont match others posted on this thread

Good luck to all those in todays trade i didnt take it but according to my feed, price just missed PT by a few pips. fingers crossed that it will get there soon
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Old 06-01-2009, 06:50 AM
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Good luck to all those in todays trade i didnt take it but according to my feed, price just missed PT by a few pips. fingers crossed that it will get there soon
I hate it when that happens, but my backtesting and live results are all based on mechanical entries and exits, so if this turns out to be a loser that's ok. We'll still profit in the long run.

But for those not trading strictly mechanically, if it had missed the TP by a couple pips on a Thursday, or maybe even a Wednesday, I would have closed the trade out after giving it about 50 or so pips to go back up. But since today is Monday and we have a whole week for it to move back up I'm still in.

I've been thinking about your ATR problem, Nutrader, but still don't have a clue what's wrong. Your ATR still shows 20% less than mine...
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Old 06-01-2009, 08:02 AM
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MY ATR currently reads 568 settings are 14 applied to close. For some reason they dont match others posted on this thread

Hi Nut Trader,

My account was suspended when I tried to add a credit card for it to bill it to. Anyways, I used phil838's for ATR(14).

I believe different broker has different spreads and that might have something to do with it?
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