But if u really want to sharing knowledge, you can pm me. i can give u my msn address then we can chating by live messenger.
Anyway i want thank for your guy and i really appreciate nomask to sharing his strategic with us.
Good luck.
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DislikedHi Bujal,
You don't deduct the spread from the sell price in the rules of this system.
Are you testing another method?Ignored
DislikedI don't know them. but if can i hope that i can be fren with them and all the fren from orther country.
Then we can earn money from forex together and we can plan to traver around the world to meet each orther.
cheers.Ignored
DislikedStill in the sell trade since sunday night. Came shy of being stoped out. Mannerbly waiting.Ignored
DislikedSince you've been trading this pair from the inception of the thread has there ever been a week when you've lost both trades, long and short in the same week?Ignored
DislikedHi all
According to the rules in the first post we take that last two candles of friday the previous week.
roughly
hi 212.73
low 211.69
giving us a sell order triggered @ 211.69 or better if you got in late right?
should SL be 212.73 plus spread?
and a TP of 209.69 which is roughly 2Xs the SL right?
Just not sure where the 210.41 TP came about ive seen mentioned ??
Also if stopped out on the short do we immediatley enter long at the SL for 3Xs the new SL on a buy order?
It looks like several variations on the original rules are being used. Which new rules do you find most successfull now?
billbss what rules are you currently using?
thanksIgnored
DislikedUse North Finance chart to gather data.
Take the H-L of Friday's last two 4H bars.
If it equals < 100, go back another 4H bar.
If it is still < 100, add to the H and subtract from the L an equal number of pips to equal a H-L range of 100.
Set the Buy Stop to the adjusted H + 1 + spread.
Set the Sell stop to the adjusted L - 1.
The SL is the other side of the channel.
The TP is the amount of the SL.
If you are stopped out, set the TP of the new trade to 2x the original SL.
Anytime the TP is hit, cancel any existing order. You are through for the week.
Close any open position and cancel any existing order a few minutes before your broker closes on Friday.Ignored
Dislikedhi bill
If it is still < 100, add to the H and subtract from the L an equal number of pips to equal a H-L range of 100.
Im not really clear about it
Ignored
DislikedLet's say that after going back three 4H bars, the range between the highest H and the lowest L, is 90 pips.
That is 10 pips short of 100.
We would add 5 pips to the H and subtract 5 pips from the L. That would make it 100.
Example:
H = 212.00
L = 211.10
That's a difference of 90 pips- not enough. We want at least 100.
T
Add 5 to the H
H = 212.05
Subtract 5 from the L
L = 211.05
Now we have 100 pips.Ignored