Hello out there!
This is my first post.
I’m glad to find out that MACD Divergence, after back-testing has worked for me. I’ve just earned my 10 pips for the day.
It took 6 hours in total from entry to exit! 7/9/12 11:29 AM until 7/9/12 5:32 PM
MACD Divergence is happening as I write in GBP/USD!
Thanks for the hospitality,
John
Corfu, Greece
Nice job, pal. Keep on your good work. I am still at the stage of struggling with the terminology…
Hello from hot and sunny Corfu!
Here’s my daily pip pay-check! MACD Divergence did it again! Trade lasted for 01:10.
Keep on trading,
John
U collected only 10 pips in 6 hours.May be u should focus on risk:reward ratio in the upcoming days.
One step at a time. I have just made my feet wet!
Thanks for your reply,
John
10 pips per day is fine, you can’t say that it’s not without knowing additional information such as the risk reward already being used, the percentage risked per trade, and the quality of the trading plan. I’d go as far to say that 90% of all traders wont be able to make a net +10pips per day. 50 pips per week is not to be looked down on imo.
10+ pips is not a good target.What if the market suddenly moves in the opposite direction of your trade?We’'l lose our 4-5 days profit.
Good morning to all traders.
Divergence x2 this time, and I’ ve got my 10 pips for the day.
Here’s my strategy:
- Spot the divergence.
- Wait for the first candle after the divergence to close. Positive for long, negative for short.
- Place market order:
a. S/L: 10 pips for breathing space. -10/+10 pips below/above the candle’s lowest/highest point.
b. T/P: 10 pips.
Like I’ ve said, I’ ve just beginning. Aim small, miss small. The good thing is that it works.
Regards,
John
Nice post John. To this those saying its just 10pips did you consider leverage ? What f John trades in lots if 10,000 what’s the profit going to be !!! I would t recommend that as it could leading to huge losses.
But 10pips per trade is very good, just keep it going till you have a good momentum.
Excellent work mate.
I don’t care about the money yet, which is monopoly money anyway, but for strategy and pips.
Thanks for the replies,
John
Morning all,
With Europe still asleep and no divergence in the eastern charts, I tried the old 5,13,62.
I entered a bit late, though, and with Stochastic hitting lowest of the low (Never saw it!) I’m feeling lucky today.
Enjoy your day,
John
Hi John
Congratulations of your trades so far.
Curious to know where you opened your demo account?
Cheers
FXCM in Greece. I’ve tried three - four brokers and they have the best (for me) platform.
Hello all,
This is divergence redefined. Stay away! What was I thinking? Some expert advice, please!
Minus 12.1 pips.
Enjoy the weekend,
John.