Go Back   BabyPips.com Forex Forum > Main Discussion > Newbie Island


Newbie Island This forum is for Forex beginners. If you are new to the Forex and have a question, this is the best place to ask it. If you're looking to learn Forex, get your training and education at the School of Pipsology.

Reply
 
LinkBack Thread Tools Display Modes
  #141 (permalink)  
Old 06-25-2009, 07:06 AM
Mickeyl177's Avatar
Newbie
 

Join Date: Oct 2007
Posts: 37
Default

Quote:
Originally Posted by TREVPICK001 View Post
just out of intrest do you using a trailing stop or a straight take profit

Just a straight take profit.
Reply With Quote
  #142 (permalink)  
Old 06-25-2009, 08:27 AM
SanMiguel's Avatar
FX-Men Honorary Member
 

Join Date: Mar 2009
Location: UK
Posts: 1,084
Default

Quote:
Originally Posted by TREVPICK001 View Post

i wouldnt mind somebody creating a EA for this
I'm creating one but it's not working 100% yet.
That was only for backtesting, which Phil has done - I prefer to look at these manually each day so I can guage S&R etc.
Reply With Quote
  #143 (permalink)  
Old 06-25-2009, 06:33 PM
Senior Member
 

Join Date: Feb 2009
Location: UK
Posts: 238
Default

Quote:
Originally Posted by SanMiguel View Post
I'm creating one but it's not working 100% yet.
That was only for backtesting, which Phil has done - I prefer to look at these manually each day so I can guage S&R etc.
just out of curiosity how you getting on with EUR/USD on this strat i only ever concentrated on cable so youd know more than me if you have tried it
Reply With Quote
  #144 (permalink)  
Old 06-25-2009, 06:42 PM
SanMiguel's Avatar
FX-Men Honorary Member
 

Join Date: Mar 2009
Location: UK
Posts: 1,084
Default

Quote:
Originally Posted by TREVPICK001 View Post
just out of curiosity how you getting on with EUR/USD on this strat i only ever concentrated on cable so youd know more than me if you have tried it
Not had a look at EURUSD yet but I'll bring up the chart. I tried it on USDCAD for a couple of days, worked both times. Tried it on EURGBP today which was a success. Be warned though EURGBP is a very slow mover. However, it doesn't tend to spike much either, you will have to go for less pips.

I'm not sure whether trying it on different pairs is a good idea yet or not as it would have to be GBP, EUR, USD, JPY varieties and it might be increasing risk especially on crosses.
Reply With Quote
  #145 (permalink)  
Old 06-25-2009, 09:55 PM
Oskar's Avatar
Master Contributor and Member
 

Join Date: May 2009
Posts: 360
Default

Hi SanMiguel,
I actually try a few different charts with your time frame and with Trepick time-frame. Overall it looks to me on the major pairs EURGBP, EURUSD Trevpick time frame is better since his times are more quiet.
The lines on the chart are Trevpick, all black between blue is your time frame.
Blue means trading time.
GBPUSD, EURUSD is Trevpick black and your times are the lines.
This is tonight,
Happy Trading
Attached Images
File Type: jpg san 6-25EG.jpg (39.6 KB, 26 views)
File Type: jpg san 6-25EU.jpg (39.8 KB, 12 views)
File Type: jpg san 6-25gu.jpg (39.9 KB, 7 views)
Reply With Quote
  #146 (permalink)  
Old 06-26-2009, 03:18 AM
Senior Member
 

Join Date: Feb 2009
Location: UK
Posts: 238
Default

i cant decide setting the highs between overnight highs or yesterdays highs both are so close, i think im might call it a early week
Reply With Quote
  #147 (permalink)  
Old 06-26-2009, 03:39 AM
Clint's Avatar
Superior Master Contributor and Member
 

Join Date: Mar 2009
Posts: 727
Default

Quote:
Originally Posted by TREVPICK001 View Post

i cant decide setting the highs between overnight highs or yesterdays highs both are so close, i think im might call it a early week
I think the current High and Low look great. So, I'm in at:

Buy @ 1.6452 --- TP @ 1.6462 --- SL @ 1.6422, and

Sell @ 1.6352 --- TP @1.6342 --- SL @ 1.6382

I'm only going for 10 pips, so I'm not too intimidated by yesterday's high @ 1.64681 Bid.
Reply With Quote
  #148 (permalink)  
Old 06-26-2009, 04:09 AM
SanMiguel's Avatar
FX-Men Honorary Member
 

Join Date: Mar 2009
Location: UK
Posts: 1,084
Default

I've gone for yesterday's high as it's too close for me. Could be interesting.
I close everything out by 1200GMT on Fridays usually.
Reply With Quote
  #149 (permalink)  
Old 06-26-2009, 04:14 AM
Senior Member
 

Join Date: Feb 2009
Location: UK
Posts: 238
Default

Quote:
Originally Posted by Clint View Post
I think the current High and Low look great. So, I'm in at:

Buy @ 1.6452 --- TP @ 1.6462 --- SL @ 1.6422, and

Sell @ 1.6352 --- TP @1.6342 --- SL @ 1.6382

I'm only going for 10 pips, so I'm not too intimidated by yesterday's high @ 1.64681 Bid.

thanks i followed your advice 10 pips straight in

sometime's it dont look clear not even for me hehe
Reply With Quote
  #150 (permalink)  
Old 06-26-2009, 04:16 AM
Senior Member
 

Join Date: Feb 2009
Location: UK
Posts: 238
Default

this is one of the best stratergies i have ever come up with (times anyway) even if i say so myself it seem to have really big spike over the last few weeks
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -4. The time now is 02:33 AM.
Content Relevant URLs by vBSEO 3.3.1
"Instead of thinking about where you are, think about where you want to be. It takes twenty years of hard work to become an overnight success."
Diana Rankin
Feedback Form