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- TimeFreedom replied May 18, 2007
SELL STOP | USDJPY | LOTS: 1 | @ 120.88 | SL: 121.56 | TP: 1.1104 Calculated SL based on the range of the previous four candles before entry candle: SL: High 121.38 - Low 120.68 = 70 * 0.68 = 48 pips. SL = 121.08 + 48 = 121.56 TP: 48 * 2 = 96 pips; ...
- TimeFreedom replied May 18, 2007
U/J SHORT doesn't look as nice anymore. Price is retracing back up now. TimeFreedom
- TimeFreedom replied May 18, 2007
STATUS: Trade Closed @ SL: 163.35 | +1
- TimeFreedom replied May 18, 2007
Anthony, Based on price action today and because it's Friday (whipsaw day) I will use a Sell Stop. Most likely I will continue to use pending orders going forward. Better safe than sorry. TimeFreedom
- TimeFreedom replied May 18, 2007
Jarret, I have made an observation that the Buy/Sell Stops catch breakouts nicely. I also like to move down to M30 and wait for a signal there if the SMI is close to 0 line once i get a signal from H4 14.3.3. TimeFreedom
- TimeFreedom replied May 18, 2007
Looks like we have a U/J SHORT setup coming up as soon as we get a candle close.
- TimeFreedom replied May 18, 2007
The GBPJPY 80 XDown did not give me a chance to get in early. What I will do is to move down to the M30 chart and wait for the 14.3.3 80 XDown. Keeping an eye on this strong down move because I believe when the market moves that fast we should get a ...
- TimeFreedom replied May 18, 2007
SHORT | EURJPY | LOTS: 1 | @ 163.36| SL: 163.35 | TP: 0 STATUS: Closed .50 Lots @ 162.44 | +72 and Moved .50 Lots to BE+1. Currently the .50 lot runner is +44 COMMENT: I used Eric's Buy/Sell Stop strategy posted here by Jarret and it worked like a ...
- TimeFreedom replied May 17, 2007
MikeJody, Here is an EA that will help with your strategy. You will have to set UseDCA=false, Symbol1ScaleIn=false, and Symbol2ScaleIn=false to make this work with your strategy. I am not the author of this EA. TimeFreedom
- TimeFreedom replied May 17, 2007
Jarret, Can you explain further by looking at the GBPJPY, EURJPY, and USDCAD trade that was recently stopped out and give me an example of where to place the pending Sell/Buy Stops? TimeFreedom
- TimeFreedom replied May 17, 2007
SHORT | GBPUSD | LOTS: 1 | @ 1.9819 | SL: 1.9854 | TP: 1.9749 STATUS: Currently +52
- TimeFreedom replied May 17, 2007
SHORT | EURUSD | LOTS: 1 | @ 1.3577 | SL: 1.3612 | TP: 1.3507 STATUS: Currently +61
- TimeFreedom replied May 17, 2007
LONG | USDCAD | LOTS: 1 | @ 1.1034 | SL: 1.0999 | TP: 1.1104 STATUS: Closed Trade @ SL: 1.0999 | -35
- TimeFreedom replied May 17, 2007
SHORT | EURJPY | LOTS: 1 | @ 163.19 | SL: 163.55 | TP: 162.47 STATUS: Trade Closed @ SL: 163.55 | -36
- TimeFreedom replied May 17, 2007
SHORT | GBPJPY | LOTS: 1 | @ 238.75 | SL: 239.21 | TP: 237.83 STATUS: Trade Closed @ SL: 239.21 | -46
- TimeFreedom replied May 16, 2007
Jarret, Can you give me a summary of what Eric wrote in your last post? My understanding is to use pending orders, buy/sell stop and buy/sell limits, instead of market orders. TimeFreedom
- TimeFreedom replied May 16, 2007
Marc, Here is my understanding of what Eric was trying to convey on post# 13: url
- TimeFreedom replied May 16, 2007
London, Currently I am using only H4 timeframe since Eric insists that we learn how stoch's react to price movement on one timeframe for now. I have noticed that if I get an entry opportunity from H4 14.3.3 and the H4 SMI is close to 0 level then go ...
- TimeFreedom replied May 16, 2007
LONG | USDCAD | LOTS: 1 | @ 1.1034 | SL: 1.0999 | TP: 1.1104 Calculated SL based on the range of the previous four candle before entry candle: SL: High 1.0997 - Low 1.0967 = 30 * 0.68 = 20/35 pips. SL = 1.1034 - 35 = 1.0999 TP: TP = 35 * 2 = 70 ...
- TimeFreedom replied May 16, 2007
SHORT | EURJPY | LOTS: 1 | @ 163.19 | SL: 163.55 | TP: 162.47 Calculated SL based on the range of the previous four candle before entry candle: SL: High 163.84 - Low 163.31 = 53 * 0.68 = 36 pips. SL = 163.19 + .36 = 163.55 TP: TP = 36 * 2 = 72 pips; ...