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- MysticRiver replied Aug 30, 2010
Tony's system: I have read over 1000 posts and have better knowledge of his system. There are several important points; 1. Tony in one post states that he has 36 losses or BE in a row, 70 pip loss overall. He trades 3 opens and also 8+ pips candles ...
Trend Trading All Pairs
- MysticRiver replied Aug 30, 2010
3 SMA M5 — M30 - untradable. M15 - nothing interesting at this moment. M5 - several good looking setups, I will consider gbp/jpy or cad/jpy and aud/chf.
Trend Trading All Pairs
- MysticRiver replied Aug 30, 2010
current situation 3 SMA — H1 - interesting but untradable situation, it looks as if on all pairs we have first bounce from the 30-50 area so it is better to wait if trend develops.
Trend Trading All Pairs
- MysticRiver replied Aug 30, 2010
3 SMA H4 — H4: Interesting situation - four setups with swissie. I will take gbp/chf or eur/chf if it breaks out. USD/CAD - cross over close to curent position and it looks as if actual move is first bounce from area of 30-50, so it will be ...
Trend Trading All Pairs
- MysticRiver replied Aug 30, 2010
current situation 3 SMA — Daily: four interesting setups, the best looking is imho USD/JPY (good stratigt channel, I will wait for a deeper pullback to the 30-50 SMA area and after market reverses will look for entry. Two setups: cad/chf and ...
Trend Trading All Pairs
- MysticRiver replied Aug 26, 2010
Quick market update: 1. NZD/JPY is moving towards point of continuation after reversal, and it is close to point of entry. TP - first at the 80% of swing down. RR is close to 1 - acceptable. 2. EUR/CHF - doesnt formed a good retracement so I'll stay ...
Trend Trading All Pairs
- MysticRiver replied Aug 26, 2010
3 SMA doesnt give a clear signal at this moment so I have read and analyzed CB thread. I looked at todays EUR/USD chart searching for the best candidates (best, high probability zones) for CB entries. Look at charts below. 1. In the left part we ...
Trend Trading All Pairs
- MysticRiver replied Aug 26, 2010
H4 market update - view in H1 timeframe where the trendlines are present. 1. NZD/JPY - trendline is broken but move down doesnt look as it is finished. 2. EUR/CHF - it looks that we have finisher down move after a trendline break, good reward to ...
Trend Trading All Pairs
- MysticRiver replied Aug 26, 2010
This is something like a shotgun strategy (shotgun is loaded with many small bullets and you just point it more or less at your aim and fire) - many small entries in expectation that something hits the goal. At this moment (I have read only ~~360 ...
Trend Trading All Pairs
- MysticRiver replied Aug 26, 2010
1. Yes, entries could be at breakouts - at least at certain types (I suspect the best ones will come from certain types of broken counter - trendlines. Because if we want to win a large amount of pips (100+) with a 2 pip stop we need a situation ...
Trend Trading All Pairs
- MysticRiver replied Aug 25, 2010
Thats perfectly OK
))) Just math, it isnt even a viable strategy, far from that, but I just like the idea of precise entry with such a small SL. It seems that in Tony's case it works. More on Tony: How to manage the trade during first 20 pips. - ...Trend Trading All Pairs
- MysticRiver replied Aug 25, 2010
Thanks folks for your answers, I am reading Tonys thread further: Further explanation of his strategy is in a very short post below. url In essence (as far as I understand it) it is entering a London Open with a 2 pip SL in the direction of first ...
Trend Trading All Pairs
- MysticRiver replied Aug 25, 2010
Meanwhile nice 3 SMA setup forms on CAD/CHF M30. Price is currently at support and inside the 30-50 zone.
Trend Trading All Pairs
- MysticRiver replied Aug 25, 2010
The idea of former strategy was simple - enter on a continuation (with momentum) of a 10 pip candle (cable), sometimes this strategy worked very well as strong move (10 pips when average move is 3-4 ips) may indicate a large player entering the ...
Trend Trading All Pairs
- MysticRiver replied Jan 12, 2010
First I want to thank you WMD for this enlightening thread. It sheds extremely valuable light on market structure. Thank you for your work and insights.
My first question concerns your post 66 and the chart with hooks and swooshes. Sorry due to ...Trading with Deadly Accuracy