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Markj replied Dec 18, 2006It's prior to the NY open and the GBP/USD has hit the buy entry line. We are not trading the buy signals today on this pair so this trade was not taken however I don't believe the range is there to hit Take Profit 2 positions so I will be taking the ...
BatFink Daily Range trades
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Markj replied Dec 18, 2006The reasons behind the buy and sell are based on longer term sentiment. I do not trade this system without the use of this. Whether you want to use the LSMA the CCI etc I trade only in the direction the longer term is telling me. No Trade this is ...
BatFink Daily Range trades
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Markj replied Dec 18, 2006IIambert, the reason I am placing a sell only is because the longer period is showing downward sentiments. As with image above and the CCI.
BatFink Daily Range trades
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Markj replied Dec 18, 2006Hi llambert, Hope all is coming along well with your trading. When the price crosses the 100 EMA I don't take a trade until the price breaks this systems entry lines and the 50CCI is showing the the matching trend. As with the today the price broke ...
BatFink Daily Range trades
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Markj replied Dec 17, 2006Attached is an image with trades for the day. I will be taking one lot profit at take profit 1 and then trailing the stop at 25 pips. If the trailing stop is not hit I will be closing the order for 60 pips profit at take prfit 2 GBP/USD Sell Trades ...
BatFink Daily Range trades
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Markj replied Dec 17, 2006Howard, I use the previous days high or low filter where the previous days high or low must be between the 3rd target and entry line. This is for both, buy and sell trades.
BatFink Daily Range trades
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Markj replied Dec 17, 2006Don, I was considering this a while back but never went any further into it. I think the optimon stop is 40, with take profit at 50. Only trade the way of the previous days candle. Will be very interested to see how you get on with this.
daily range Strategy
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Markj replied Dec 17, 2006I appreciated your sharing of the system and I really want try, but have some issues to prevent me from doing so, yet . 1. Spread - I know you mentioned you ignored the spread but the some of the pairs you are trading are huge (10 PIPs). So, the ...
BatFink Daily Range trades
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Markj replied Dec 17, 2006If orders are closed. The re-enter at original buy price of 1.9715 providing price falls below 1.9705. and is not on the same candle as order closed. Yes it has to be the following candle. The logic behind this is that the candle can move to the ...
BatFink Daily Range trades
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Markj replied Dec 16, 2006Have you tried using trends on the CCI? that uses SMA and typical price in the calculations.
Basing Trendlines off of MA's
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Markj replied Dec 16, 2006This link should provide all your answers. http://www.forexfactory.com/forexforum/showthread.php?t=3188
Vantage point 80% Accurate?
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Markj replied Dec 16, 2006Cipher, Recant that last setting for your chart. Just checking again and you chart looks good. I quickly through this up on a demo account that I have and forgot they are 1hr difference. Check this time with all you charts making sure that the home ...
BatFink Daily Range trades
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Markj replied Dec 16, 2006My first question was why you didn't take the GBPCHF trade on DEC 15.? What filter made it a No Trade? Yes I filtered out trading this pair based on previous monthly high and that this high was at highs not seen since 2000. Best to stay out until it ...
BatFink Daily Range trades
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Markj replied Dec 15, 2006Cipher4d, Just make sure your times are correct. The HomeLine should align with 00:00 open. Chart Attached
BatFink Trading Strategy
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Markj replied Dec 15, 2006Cipher, You are absolutley correct. I forgot to change details for entry of GBP from previous day. Attached is the chart with Entries. If anyone is following this please make sure you have the correct indicators on and check details against them. ...
BatFink Daily Range trades
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Markj replied Dec 15, 2006We are pretty much closed out for the day. Although I was still in a trade for one pair I have closed this in profit as the market seems to have finalised for today (Friday). GBP/USD Enter sell trades only. Awaiting sell confirmation signal, enter ...
BatFink Daily Range trades
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Markj replied Dec 15, 2006Putratrg, I use it on 4hr time frame and 1hr timeframe. I use the 50CCI and 34EMA as entry confirmations on my 2 longer terms systems and on the 1hr chart for trend confirmation to trade positions based on other rules.
CCI
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Markj replied Dec 15, 2006Time - 3.50 PM GBP/CHF Enter buy trades only Buy 2 lots 2.3763 set stop loss at 2.3733 Take profit one 2.3778 move stoploss to 25 Close second lot if price reaches 2.3823 Trade has not been entered here and closing all possabilities for this pair ...
BatFink Daily Range trades
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Markj replied Dec 15, 2006Looks like I will miss the GBp/USD Trade to the fourth target when the CPI number comes out (unless it retraces prior to release to the sell line). The trade was not re-entered on the 10am candle becase I was awaiting a confirmation candle that ...
BatFink Daily Range trades