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damonl replied Jul 8, 2008e/u is probably enough, but a trade per day from gbpusd may put you over the hump. I have made some nice trades with this pair as well, but usually no more than 2 in a row.
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008taking a loss scenario....... — just a though if you take a loss..... my thought is of course that we will take losses, but that if you take one you might want to stand down until you would have had a profitable one (goes 30 pips or more) had ...
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008I find the usdchf and usdjpy are a little harder to trade and i wouldn't take a trade on gbpusd until london open and only use laguerre2A it seems will be enough.
trading eurusd/gbpusd M5
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damonl replied Jul 8, 200855 is the weakest indicator, then 80 and then 85. If 55 deviates from the other two without a correlated movement from the other 2, it is too weak to continue on its own and so it has to come back and get it's more powerful buddies. imight also add ...
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008yes.....but keep yourself open to slight deviations of both scenarios which you will learn as you trade with this longer...watch price action in relation to these indicators and you will spot a deveiation in no time
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008This is fantastic.....my personal goals are a little more than 3%, I am looking for 4-6% which is around 40 - 50 pips. I am usually able to rach that everyday and today have set a goal for myself for 200% profit from today until I put in my notice ...
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008Well i had to work today so i was only able to take one more trade befor ework which was good for 21 pips. If this keeps up maybe i will not have to work any more, i am so ready for this to happen. Here is the chart of that trade....... image I ...
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008yes....this was correct, however, because laguerre .55 went above level .85 and then back down below it before laguerre was able to close above level .15, i would have closed this trade at the point of laguerre .55 closing below level .85
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008good suggestions....... i am now wondering if we will see any more significant movement before Ben speaks this AM
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008Trade # 2 for the evening — FWIW.....i am using a 2% account balance trade based on a 15 pip s/l, and am willing to eat the rest if my losses amount to more than that. Here is my chart for the latest trade. this one was good for 22 pips...... ...
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008yes...yesterday was good, but it can eat you up at sometimes if you start trading at the wrong time. This is why the change was necessary, though this drastic was not expected, just wanted to find a filter to keep out the whipsaw. If you would have ...
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008I am still trading it, but with different indicators that have gotten rid of the whipsaw. this was necessary for the survival of this fantastic entry point. Please read post #38, i have also made a note on the first page.
trading eurusd/gbpusd M5
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damonl replied Jul 8, 2008wow...that was fun — My first trade of the day was a success, although it was a little unconventional for the entry, but it made sense to me and the exit was not as smooth as yesterday, but i ended up with a few pips and quite the market. I ...
trading eurusd/gbpusd M5
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damonl replied Jul 7, 2008yes....you would have to be very careful adding positions as it can go against you once in a while
trading eurusd/gbpusd M5
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damonl replied Jul 7, 2008Major Update - Trade Scenario #2 — Okay, in the previous post, I gave you Trade Scenario #1 where the 1st trade was worth 11 pips. Here I will give you trade scenario #2. Trade Scenario #2 Trade Scenario #2 does not come into play until all ...
trading eurusd/gbpusd M5
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damonl replied Jul 7, 2008Major Update...... over 300 pips on eurusd today- Trade Scenario #1 — Something has been bothering me with this sytem and it is the whipsawing which was brought up in this thread. while trying to to find an answer for the whipsawing i ...
trading eurusd/gbpusd M5
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damonl replied Jul 5, 2008Another thing to keep an eye out for is if there was a lot of trending movement during the asian session, if this was the case, it could be the london will not do very much. also look out for red news, as many times the market will not move until ...
trading eurusd/gbpusd M5
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damonl replied Jul 5, 2008this PSAR system is a good system if you can determine when the breakouts will occur. I had trouble determining breakouts with any degree of accuracy, not to mention that i learned it may be better to trade into the PSAR rather than away from it. It ...
trading eurusd/gbpusd M5
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damonl replied Jul 5, 2008i am not getting anything on your indicator, just solid vertical green lines on every candle
trading eurusd/gbpusd M5
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damonl replied Jul 5, 2008yes, you backtested it for three days, but was your backtest during times when you shouldnt' be trading? I think it was. Please read the first post with my recommended trading times. 5 GMT until you get your pips and then you are done! Why would you ...
trading eurusd/gbpusd M5