As I see it, U entered one candle to late. The small green candle should be your trade, and the trade closed after it. So I belive you would be at BE or maybe some plus.
Well, it does not go in that direction all the times, you check all the posts and pictures. We all lose sometimes, but mostlly it works great. This was just not the good trade example. U waitt for another signal, It will come and you will see it work.
From you picture I see one thing Wrong: You traded before 6AM GMT And thatās not recommended Order is market one, you enter at that moment instantly. You always must take the spread into consideration. I would suggest to put 10 pips profit minus spread and thatās a sure thing. If you have 4-5 spread (bad broker) you must place your Profit Limit at 5 pips away from entry level.
Thanks for the fast reply. I think i will continue using this strategy for small but consistent profit. By the way, after my loss trade, another signal comes along for usdjpy at 600 gmt and it goes the way the system wants it to.
On my broker it went down with the first candle only 8 pips and with the next one to the target even though that is outside the rules, I kind of think if the next candle is in the right direction it will go anyway.
On your picture the TP is only 9 pips not 10, but good trade today. There might be still more to come,
Today was a great day. I had to run after I placed the trade and I didnāt have time to update the threads and website with new profit and images of the trade.
So bellow you will find the first picture of the entry moment and second the complete trade:
Almost perfect setup. Why āalmostā ? Because the TL was missing and that gave me some bad feelings. usually when a TL is not present there is more uncertainty and if you look now at USD/CAD the market turned the price down and now we can think that at that point with yesterdayās high will form a TL for tomorrow or later today.
Entry: 9.00AM GMT: BUY 2 lots @ 1.0146
Time of trade: Aprox 15-20 minutes
Target hit: 1.0156
Profit for today:
10 pips x 2 lots x $10 per pip = $200
Thatās part of the āgameā. So you lost 10 pips. Thatās great. You did well by keeping tight to your stop loss. Congrats, thatās a good trade in the end because you didnāt lose more and you can move forward with a small loss.
I got a bit more than 10 pips, but then the pairs that inculde JPY tend to move a lot more than other pairs. To keep the risk the same I took 3/4 of a lot instead of a full lot and increased the stop and TP to 15 pips. Have a lookā¦
Amazing! Today I made my first trade on my live account using this system (I know, I shouldnāt trade on Fridays). I made the exact same trade. I was a few seconds late and my USDCAD spread is 4 pips. Thats why I entered at 1.0111.
Maybe Iām starting to get the hang of this Thanks for a great system!
Iām happy to see it works for you too. Just be careful in the future.
Now letās get back to todayās trade, hero is GBP/USD and here is the chart:
Perfect setup, even if the MACD turned up and down again. It happened at the right hour and moment and I was there. Thatās important, to catch the moment.
Entry: Sell 2 lots @ 2.0027
SL: 2.0035 + 10 + 1 spread = 2.0046 (never hit)
Target hit in less than 5 minutes: 2.0017
Profit for today: 10 pips x 2 lots x $10 per pip = $200
Today was another great day in Forex Market. Who made it great ? EUR/USD.
Letās see the chart:
What do we have here ?
A little bit of Perfect Setup !
Everything happened after 12.30PM GMT.
EMAās crossed and same time broke a mini-TL.
The RegChan was also broken after 1 hour and half and turned MACD down.
After 30 minutes the price retraced and W%R gave us the signal.
Entry order:
SELL 2 lots @ 1.5881
SL: Too far to be hit
Target hit in about 25 minutes.
Profit for today:
10 pips x 2 lots x $10 per pip = $200
And thatās all for today. Remember, the moment is important. If you catch it you got it.
[B]perfectsun[/B] - I suggest you next time to move the RegChan as in the picture bellow
Details that make a diference
Hello my friends,
I didnāt take any trade today but a friend of mine reported the following trade:
Sell 2 lots @ 1.9983
Exit @ 1.9953
Profit: 10 pips x 2 lots x $10 per pip = $200.
[U]Comment for the trade:[/U] My friend took the trade with some risk, because MACD bars were down for some time and itās very risky. From my point of view I donāt enter the market for such signals because are not perfect so I better wait for the Right moment.
Hi Pipology, Iāve read your posts and been a fan of your strategy.
However I always miss that āperfect momentā, and if I spot one, I hesitate to jump in because a lot of times when the price breaks the trend in my chart the RSI is too high or too low.
Anyway Iād like to hear your opinion if you would trade based on the picture below. I didnāt put my money on this one because the MACD & the RSI looked a little tricky to meā¦
Hi amdtrade,
First of all your chart is chaotic. You didnāt place the indicators correctly. You must place W%R above RSI. If you use a MT4 platform just drag the W%R over RSI. From your chart I canāt see if there was a entry or not. I recommend you to use a MT4 platform like I do. I use the one from Migfx.ch, itās very reliable.
Not letās get back to todayās trade. It was a extraordinary day and I hope some of you caught the move
GBP/USD
Peeeerfect setup !
11.00 GMT: Sell order 2 lots @ 1.9898
SL: Never hit
Target hit in 10 minutes. 1.9888
Profit for today:
10 pips x 2 lots x $10 per pip = $200