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60minuteman replied Jun 5, 2012yeah i'm feeling lame today...must be the double bank holiday. Besides my point was best expressed in the video link i posted, theres no mystery in gaps, theyre sudden movements in price and there is a vested interest in them closing for certain ...
Trade the Gaps... oh You Idiots
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60minuteman replied Jun 5, 2012Any movement in price at anytime is due to a change in the supply/demand balance. The trading continues over the weekend, we're just not able to access the market through our brokers, hence the gap.
Trade the Gaps... oh You Idiots
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60minuteman replied Jun 5, 2012Agree totally, steve w is clearly an excellent trader and still has one if not the best thread on this site for sure
Trade the Gaps... oh You Idiots
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60minuteman replied Jun 4, 2012yes, because really, the only way to answer those questions is through your own trial and error i guess...
Exit is more important than the entry
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60minuteman replied Jun 4, 2012well spotted!.... jeez theres some snakes out there!
The Best Trading System,Course and Mentorship
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60minuteman replied Jun 4, 2012i'm a trend trader and in general if i held my trades longer i would have fewer wins and bigger profit... very hard to train the brain to accept that... I tend to use the walk away from the charts scenario, but that's not ideal
Exit is more important than the entry
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60minuteman replied Jun 4, 2012In my experience its far easier to teach someone to take good entries...
Exit is more important than the entry
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60minuteman replied Jun 4, 2012yeah my point exactly, entries are far easier to perfect then exits
Exit is more important than the entry
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60minuteman replied Jun 4, 2012I would suggest checking out Steve Primo or Fxjake first, they have cheaper courses, and theyre actually courses that will teach you to be a trader, not just a system.
The Best Trading System,Course and Mentorship
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60minuteman replied Jun 3, 2012we you enter a trade, no matter what your strategy, the only part we can control is the risk at entry.... the exit is much harder to perfect...
Exit is more important than the entry
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60minuteman replied Jun 3, 2012Hi Bedayan, well done on the trading... I've only ever seen one all time low or high, I think it was on ECHF.... really haven't got an answer for you though. But right now theres some excellent trends on many pairs....
Buy sell line trading
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60minuteman replied Jun 2, 2012please read the first pages of the thread carefully... this is not the starting point of an automated mechanical system, this is a structure which can very easily be made profitable
Buy sell line trading
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60minuteman replied Jun 2, 2012and was the 50sma slope correct? RULE 1 TREND IF PRICE IS ABOVE THE 50SMA WE WILL ONLY LONG. IF PRICE IS BELOW THE 50 SMA WE WILL ONLY SHORT IF THE 50SMA IS FLAT OR PRICE IS CHOPPING ABOVE AND BELOW THEN THE TRADE IS HIGH RISK AND YOUR WIN RATE WILL ...
Buy sell line trading
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60minuteman replied Jun 2, 2012ranges get broken all the time
Exit is more important than the entry
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60minuteman replied Jun 2, 2012I presume it was using just the 50sma...but as i have stressed, we need to do a little bit more work ourselves, judge the trend, wait for the retrace, then manage the trades... but the real data that is missing is.... how far did the 50% go before ...
Buy sell line trading
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60minuteman replied Jun 2, 2012I kind of agree with you.... but believe me, a price action trigger that on its own gives 50% win rate is actually very powerful... but a complete strategy to make good profits requires more than just the entry signal... if that makes sense.. so ...
Buy sell line trading
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60minuteman replied Jun 2, 2012when we look at these results we should take great encouragement... Over a 12 year period, through all of the market conditions the strategy gets the direction right as often as it gets it wrong... Already at a good win rate in all conditions will ...
Buy sell line trading
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60minuteman replied Jun 2, 2012another example from the previous week on EU, stormed to 10/1 before even 1 h1 gave a significant close against the trade
Buy sell line trading
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60minuteman replied Jun 2, 2012it is if you close everything at exactly 1/1... but what about the trades that blast through that level? for example GU for a maximum so far of 15/1? This is a trend trading strategy, ultimately we are looking to get into trends and as such we ...
Buy sell line trading