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- alright replied Mar 28, 2011
I took this short trade just before London opening which I dont usually do because it could easily revert direction in a matter of seconds. I got lucky and managed to move my stop to BE at 5 pips from TP. Then I closed at +6 because the price had ...
Flag trading the trend
- alright replied Mar 28, 2011
I see. Apologies for my intervention then. As I said, I haven't read the whole thread yet. I knew Div trades only US and Asian because of his time, but I thought there would have been some update about London at some point in the thread, as I would ...
Flag trading the trend
- alright replied Mar 27, 2011
Hi. My first post in this thread which I find very valuable although I've haven't managed to read it all yet. From what I've gathered it looks like you have done a very nice job. Thanks for it as it makes things easier for me. You may want to amend ...
Flag trading the trend
- alright replied Jan 23, 2009
What a disappointment!
4H 5EMA SystemPitpiter made believe it was a lovely girl taking us by hand around the corners of Sterling's system. Well, too bad! As long as you carry on with the nice job you're doing here, we forgive you for not being a lady, El ...
- alright replied Jan 23, 2009
It's ok Peter, there's no hurry. I'll wait for the updated version. Thank you anyway. BTW I didn't know El Dee was a "she". It's a nice surprise to have a lady among us, and also awfully clever.
4H 5EMA System
- alright replied Jan 23, 2009
El Dee, I just checked post #2772 and there's no doc attached now. You must have forgotten to attach it after your last correction. Can you please check yourself? BTW Thank you once again for your wonderful job!
4H 5EMA System
- alright replied Jan 22, 2009
Doubt — I have a little doubt now: is bar #1 a short setup bar since its high was lower than the previous blue bar? Strictly according to the definition it should be, but this wouldn't match the talk we were having about S/R yesterday. Of ...
4H 5EMA System
- alright replied Jan 21, 2009
@ El Dee — It's my turn now...
4H 5EMA SystemWell said, mate
Thanks for the update about the daily trades.
- alright replied Jan 21, 2009
I did think there was something strange in the air that day, you naughty boy!...
4H 5EMA SystemThank God at that moment I was still busy reading the over 100 pages of this thread...
- alright replied Jan 21, 2009
As I said, I would be glad if you prove I was wrong. On my side tomorrow I will spend some time trying to comment on the trades from late November, so you can see if they match the rules you've followed so far.
4H 5EMA System
- alright replied Jan 21, 2009
Daily backtest — Hi guys. I took the liberty to back test 2008 with the daily rules and the tweaks suggested by El Dee, which I used strictly (a couple of bad trades were entered because of only 1 pip, like December 29th!). Metatrader is from ...
4H 5EMA System
- alright replied Jan 21, 2009
Position after 12:00 - Short from 1.3805. SL moved to 1.3929 + buy order at the same level, with stop loss at 1.3709.
4H 5EMA System
- alright replied Jan 21, 2009
Bar 3 was a reversal bar so after it closes you put a stop loss at its high for the sell order you have below bar 2. Rule #4 on El Dee's doc. Bar 4 doesn't provide any support nor resistance.
4H 5EMA System
- alright replied Jan 21, 2009
The Stop Order remains at High of Bar 3 since Bar 4 wasn't a new setup bar. Remember support and resistance?
4H 5EMA SystemThe rest is correct in my opinion.
- alright replied Jan 21, 2009
Hope you're not taking the piss, toni! Joking apart, even after reading it many times it took me a while to put it into practice and then all of a sudden I saw the light
- alright replied Jan 21, 2009
tonirai always fast and clear as usual
4H 5EMA SystemIf I can add one more thing that is helping me avoid mistakes like yours and was also said many times, this system is based on price action around support and resistance. If you think about this, it ...
- alright replied Jan 21, 2009
@ El Dee and howard — About the daily TF which looks terrific from the latest posts, I'm sure you did run a back test with your settings. In this case, do you mind posting your results?
4H 5EMA System
- alright replied Jan 21, 2009
I'll give you my view even though your question has already been answered by Kristo. Since Bar 2 made a lover low, it became a long setup bar. So its high triggered a long trade. The stop is where you say and also a sell order. At the moment I'm ...
4H 5EMA System
- alright replied Jan 20, 2009
Sorry. keep making the same mistake. Maybe I should ask someone else to check my trades at night. I'm extremely tired
4H 5EMA System
- alright replied Jan 20, 2009
We all know this can be true most of the times, but the bottom line here is that Sterling and Hiranyah have traded the system this way for quite a long time and found this management to be the most profitable, even if it means to lose pips when the ...
4H 5EMA System