that was the most amazing sq short.............................pitty, you had to go out.................................its got real legs its still going
there is another channel developing that i did not spot…an hour channel …spot it? it has 3 points at the low price important channel right up to last candle…kick myself for missing that one
i just marked the yellow channel…silly me! how i did not notice that…da, well i noticed it now…mm…mondays - bad robot, it forgot the 1st law…eur usd
oh this is live yes its at least gonna be a 500 to 1500 trade yes ...thats why its my favorite , love mxn....candles on chilies,
its to easy right…just pratice what im teaching and your bank account wont be bleeding…
can everyone post charts, if you loose i will tell you why, loosing is ok , when learning
oh man thats awesom…thats perfect
I see. What’s your win ratio?
10/3 , but money managment is the key, you know that
Guys i posted plenty of charts and i think i do not need to post anymore on the same things covered…now i think its good for you all to post your trades marked with entry and if it wins or looses we can add input…remember the ones you loose teach you more then the ones you win.
Wow really good! keep posting
OK so when you say really early, at least a few hours before the nfp release?
If we enter 1 hour before the nfp release, then a minimum stop 10 and max stop 20
[I]we try to enter for nfp really early, then sl will be tight as normal. [/I]
So the stop is under the candle that we bought?
pref the day before, sometimes i am in on thurday for fridays news. for cad i was in on asian overnight session…same as any other trade …longer its in profit at news the tighter the stop…just make sure your on the correct side of the 200 in the right direction when news is out…
Meaning: out of 10 trades, you have 3 losses / 7 wins? Thanks
yes there abouts , i am using tight stop, loosers would be less if you want to have a bigger SL Every trade is at least 10 pip profit before pull back, so most loosers is half profit taken at 10 pips say on 1 lot take half = 50 usd , move stop up to zero for remaining half, stop taken out so that minus 7 for charges…i.e. most loosing trades are equel to 43 usd profit
But if you’re in the day before, cant it hit your stop for the next 24 hours?
not if u got a good entry! more used to trading a great system like this the more confidence you will have to stay with the trade after you covered the cost of the trade by taking some profits of the table.
Late Asian session I had 2 trades on EURJPY. One was a sqz, the other an elephant on news.
Price had hit the top of the daily channel (orange) and the hourly channel (yellow), and the demarker was at the top too…overbought. So even though a bullish market, it looked like retrace time. The concern however was that is was still quite far from the 200.
When it got to the 20 ma, I entered short on a sqz on the little green bar. Unfortunately, it got stopped out at breakeven on the next big red because I moved the stop too quick to break after 10 pips and price came back and took it out before dropping again…bummer.
I could have re-entered at the next little ledge below (tiny feet), but wasn’t at the computer.
Then out came “high impact” news and a big elephant type bar developed. So I entered short just in the last few minutes of it, which was also at a daily support line I’d drawn, and the 50% fib, and the demarker was showing oversold…bit of a concern if it wasn’t a elephant bar was my reasoning…lol. I figured there was at least another 20 or so pips scalp opportunity after checking back the probability of the 2nd bar continuing in the same direction. (I’m currently creating an indicator to come up with some stats on that). My stop was 20 pips which was about halfway up the bar. Ended up with +20, closing when the 2nd bar reached the 70.5% fib in case it wanted to retrace up agin there…and it did.
Next, I’ll be watching for it to next head up to the orange support, (turning resistance?) and hitting the 20 ma around there to continue the sqz short back to the 200, (in the next couple of hours?). I see in just over 5 hours there’s another “high impact” news release coming out…hmmm
Amazing thats 100% in line with what I have been teaching .....ok everyone this is how to do it! Super Pip is 100% perfect on my way of trading.......................If you loose then so what, its high proberbilty win.....So do what SP is doing and keep the losses short and let the winnings role.......................You Rock....................SP try answer QA, when they come.........help me out a bit.....interested when you dev an EA
can u show me how u drew the daily channel thx