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- hakga replied Jan 13, 2011
Thanks for the recommend. I started reading it when someone here (possibly you) mentioned it some time ago last year.
- hakga replied Jan 13, 2011
Spanish auction 9.30GMT Italian auction 10.00GMT Not 100% sure though.
- hakga replied May 6, 2009
Thaks MJurban I've only traded system II for a couple weeks so can't really draw firm conclusions. The only difference I can see so far is with g/u, stops are wider and need to be given more room for it to breathe, so I don't trail stops quite as ...
- hakga replied May 6, 2009
I got out -6pips on this one.
- hakga replied May 6, 2009
Two entries on this g/u set up. First a loser for -14 pips. Re-entered at same price as lower low not made, exit for +40pips.
- hakga replied May 5, 2009
Pull back a little deep for me, but worked out fine. Nice trade I just got off g/u for +20 pips
- hakga replied May 5, 2009
2 trades so far in eur, one loss for -14pips. One win for +20.
- hakga replied May 5, 2009
blueskies, Don't get too hung up on the details. Like Feb says, this system is based on irony, the market won't care about the system. Just because bar 2 dips below bar 3, it won't mean C will go to D. None of that matters. Don't over analyse. All ...
- hakga replied May 4, 2009
I would consider the "correction" to be too deep for me to consider going long. Instead I would be looking for shorts. See chart.
- hakga replied May 4, 2009
I've drawn over your chart to illustrate. I would consider a 24 pip swing too small even for my aggressive tastes, but let's just assume that it is a qualified swing over 30 pips. The swing direction is up (blue arrow), so you would only take longs ...
- hakga replied May 4, 2009
Not sure I understand what you are asking. We are buying high and selling low on a 5 min chart if that is what you mean.
- hakga replied May 4, 2009
Matte, Nothing is set in stone, there is no better or worse. With a trailing stop, you will probably have more losers, but larger winners when you catch a nice runner, but it may also get frustrating to watch a 20 pip winner stop you out at ...
- hakga replied May 4, 2009
Hi matte, You do not need to wait for it to pull back 30-40 pips. It can pull back 10 pips and be valid. The important thing is to ensure you have a swing of 30 pips or more.
- hakga replied May 4, 2009
Thanks moneda. Other than the fact that it went from +15 to +5 that caused me to close the trade, the large bullish bar after a fairly large bearish bar said to me chop monster, so I rather be out and wait to re-enter. Nice trade Canni. ...
- hakga replied May 4, 2009
Hi matte You don't need a 30-40 pip retracement, just a 30-40 pip swing, then a retracement that ideally doesn't go further than 50% of the swing. These are just guidelines, not set in stone. The trade set up itself, there wasn't a retracement as ...
- hakga replied May 4, 2009
Thanks Moneda, I presume (or maybe I'm being too presumptuous?) this is the post that sparked the discussion about the panic button. I take this post from Feb to heart. I'm still learning so any feedback would be appreciated.
- hakga replied May 4, 2009
Just jumped out of this one for +40pips
- hakga replied May 4, 2009
Another e/u short.
- hakga replied May 4, 2009
Yep, bailed for +5. Had +15, didn't reach my target and came back strongly so hit the panic button.
- hakga replied May 4, 2009
Hi ahlude, yep, that is a short set up.