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- billbss replied Dec 6, 2007
Hi Teb, Can you post a link to teb2. I can't fins a thread of yours with that name. Thanks
making a killing!! in this market prt 2
- billbss replied Dec 6, 2007
Hi Nicotina, What kind of office- a trading office?
High & Low 8 Hours (GBP/JPY)
- billbss replied Dec 6, 2007
Do you know Nicotina, who is also from Portugal? He has a thread going here. url
Gann Hilo DMI System
- billbss replied Dec 6, 2007
I've found you can control the balance between preserving profit and letting profit run by stepping down in time frames when applying the 3 bar method. A 1H TF gives price all the room it wants to keep going. A 15 M TF gets you out with existing ...
Gann Hilo DMI System
- billbss replied Dec 6, 2007
Here is a pdf, I picked up somewhere, on the Gann 3 bar exit. It's chopped off at the end, but it tells all you need to know to use it.
Gann Hilo DMI System
- billbss replied Dec 6, 2007
I don't see any pips posted in this thread, other than to define the SL and profit target. I think the only relevant question is whether this method works and is profitable. Why he posts other systems or whether he shows signs of "professionalism" ...
making a killing!! in this market prt 2
- billbss replied Dec 6, 2007
Nicotina's system for the GBP/USD, uses the time window of 2200 until 0600 GMT. I have IBFX. I show the high and low as: High 2.0309 Low 2.0254
High & Low 8 Hours (GBP/JPY)
- billbss replied Dec 5, 2007
I use IBFX also. If you look at a 1H chart and check the low of the 1800 bar, it is 223.68. That is the low we use.
High & Low 8 Hours (GBP/JPY)
- billbss replied Dec 5, 2007
When I posted the prices Sunday, the low had already been broken. I said it wouldn't hurt to wait for it to retrace. I think that may actually be a safer entry although it isn't part of the system.
High & Low 8 Hours (GBP/JPY)
- billbss replied Dec 5, 2007
I can tell by your low that you are starting to look an hour late. The window starts at 1800 GMT
High & Low 8 Hours (GBP/JPY)
- billbss replied Dec 5, 2007
I traded stocks this way. I used Bill William's alligator system, which calls for adding positions as your profits from your initial position increases. It didn't work for me. Too often I would turn a profitable trade into a loser. The original ...
Gann Hilo DMI System
- billbss replied Dec 5, 2007
Let me look at the last few BE trades and see what my 3 bar method would have done. I'll get back with the results. Q? If there is a trade in progress when 0700 arrives. Do you enter it if your indicators line up?
Gann Hilo DMI System
- billbss replied Dec 5, 2007
I agree with you. I don't like scaling out methods either. As you say, when you start off hitting a SL you lose on all three lots. I'm sold on trailing the position with price action. I use the Gann three bar retrace to get out of a position.
Gann Hilo DMI System
- billbss replied Dec 5, 2007
I've gone back over a couple of months and this is my 2 cents worth: Your profits depend on catching one or two huge runs a month. I wouldn't radically change anything. I sure wouldn't add any indicators. There is a similar system on this forum that ...
Gann Hilo DMI System
- billbss replied Dec 5, 2007
I have a FXDD demo and the same thing happened to me. I don't know the reason.
High & Low 8 Hours (GBP/JPY)
- billbss replied Dec 5, 2007
Let me be sure I understand. Price must move 150 pips before you make a profit. Is that correct? If it moves 75 pips, you lock in BE. If it moves another 75 pips, you lock in 75 pips profit. If, say, it moved only a total of 149 pips then went the ...
Gann Hilo DMI System
- billbss replied Dec 5, 2007
No. IBFX is true GMT. The range is 1800 thru 01:59 GMT You need to begin looking at the beginning of the 1800 candle. It begins at 1800 GMT. The last candle you need to look at is the 0100 candle. It ends at 01:59.
High & Low 8 Hours (GBP/JPY)
- billbss replied Dec 5, 2007
If you're using IBFX and 226.42 is the upper limit on your charts, you're looking a bar too late. 226.42 was the high of the 0200 bar. You should stop looking at the completion of the 0100 bar, which ends at 01:59. The high of the 0100 bar was ...
High & Low 8 Hours (GBP/JPY)
- billbss replied Dec 5, 2007
What times do you consider the London session? 0800? GMT until? Thanks
Gann Hilo DMI System