Another good day. Almost all the baskets I had open are now closed with profit. And a new trade I placed 10 minutes ago is now closed with profit, for a total 1.2 % for this day!
Iâm still in yesterdayâs trade! Thing I found though is when it diverges too far, it messes up the 1 min chart, so I moved onto the 15min chart! At break even at the mo but I will get 1% when i close it.
UmâŚguys?..letâs just say yesterday was a double digit day that finally closed this morning, could have held it over for more profit, but this IS just fine
I noticed the same thing, OOPs, the gap was already like 60 pops, then the pound just took off, and I guess the charts donât see that kind of gap, difficult to define, but I was using EG again, and it went from 0.8020 down to 0.8062/3âŚbig drop, made me wonder if the Euro was crashing for good, like it eventually willâŚclosed my scaled in trades at 0.8000 finally.
Hey Medisoft, this is from post #162âŚdoes this indicator you made that shows the price of the other chart on the chart youâre looking at still workâŚis it still accurate?
[/QUOTE]
Nop, it didnât work. I have trades opened with it that are more than a month ago!
The visual method is yet the best for me hehehe, Iâm still looking for a way to automate the process!
[/QUOTE]
Is my imagination or near after the opening of Europe are the best trades? The past two days I was about that hour in front of my computer, placed the trades and after some minutes they were closed with profitâŚ
There seems to be special times, I just missed great opportunity 7am CST, the rest of the day hasnât offered muchâŚcould someone post a pic of GU/EU pairs on Vitrite, 1min TF to confirm?
Here is it.
My trades were closed in the night. But yesterdayâs night I opened two trades that finished in less than 20 minutes, and that is the second day I did that.
Thanks medisoft! That chart looks like mine, only when I am zoomed all the way out, it shows only 999 bars, while yours looks much widerâŚwish I could get mt4 up and going ⌠You had posted something about amazon for a VPS? I looked and only saw cloud servers, is there a name of the VPS you use?
which hours are you trading?
Amazonâs cloud servers are VPS 
Virtual Private Servers, only they are in the cloud, more reliable and cheap 
you can suspend your server on weekends and save money, because a suspended server is a zero-cost server, while with a normal VPS server you will pay all the time :)Also, they offer micro instances for free for the first year! the only contra I see is that they offer only windows 2003 servers, and that servers does not support high resolutions, at least not when I tested them about a year ago.By the way, already did two trades (short EU buy GU) and they were closed with profit in only 10 minutes! I think I just found my âspotâ between 12am to 2:30 am CST On that time Iâm doing more than 1 % with the minimum lot size I can.
Well I closed my trade! Had been open 2 days!!!
Wonât complain at 5% though!!! Iâm up 15% total in 3 weeks, 5% a week 20% a month, 2 years till trillionair street!!!
Thanks for the clarification, medisoft!
Yes, my trading time Iâd basically 9-5 CST right now because thatâs when I have access to good chartsâŚIâm thinking about getting up earlier, but will need VPS, so I can have charts all the timeâŚI see I missed a great opportunity while you were raking it in, the EG shows 50 pip gain!
Hi, I am a newbie, trading 1 year forex without any success, in fact I lost a lot of money (at least for me); I keep reading and reading and testing and looking for the best strategy and this seems to be it, being psychologically easier. I signed in with babypips because I really like this method. I want to try it with a fix SL and TP, no add-on trades, with R:R 1/1 (SL=TP). I figured if probability of winning is bigger than 50%, with proper money management, this should be a winner. Does anyone have any performance statistics with best TP and SL to choose for this, for minimum 100 trades back if possible? Would it be 40 or maybe 50 pips? But it has to be not too big otherwise, even if probability of winning would be higher, the frequency of trades would be lower, which I donât want (for M1). Thanks!
I donât use a stop or TP, have a read of the first post and give it a try.
Some of the other guys on here are trading the same thing differently. So I canât help you there.
NO stoploss for me=no losses!
right now selling EG at 0.8005 and TP at 0.7970âŚgood gap!
already closing!
READ THIS THREAD!
especially all posts by Kelton!
When you say âEGâ you are saying âEUR/GBPâ or EU/GU?
Euro\gpb one single pairâŚtrying this because i can use tp and pip is $1.60 instead of $1
today is goldmine!..just wish i had set my tp a little higher on some of these.
I think the news is what creates gaps for most part, then they work their way back together.
Yes i am currently using eu\gu charts as indicator to trade eg directly
If you are trading Euro\gpb should you not have a stop?
as you donât know if E/U is under preforming or G/U is⌠or vise versa or something along those lines!
stop = loss
my experiment proves that when there is significant gap on EU and GU, that when it closes, EG moves at least half the pips of gapâŚthese trades today have had 40-50 pip gaps and I have entered at that gap (because it was already there when I opened my charts) and it hasnât gone against that at all, because gap hasnât been more than that todayâŚvery niceâŚnow if the gap would just close all the wayâŚ