I take initial fading blind entries at upper, and lower, level. If a level break is confirmed then I get out of the trade, either at bar close, or at my 'nightmare' stop. If price then gradually moves away and then loops back around to the level, ...

No Brainer Trades

Yes, by and large that's what I do. Takes a lot of belief, and also a very firm plan of action for all(most!) eventualities, but keeps things nice and simple.

No Brainer Trades

Hi Allow for the spread when you set your orders. There's always a completely random outcome to each entry, TP, and stop. It's just that the 'annoying' ones which miss your order by a pip or two, or take you out by the same amount, or just miss your ...

No Brainer Trades

I've found this week to be very difficult. A lot of my levels getting taken out, which has then damaged my trust in the ones which did hold meaning missed opportunities. Add to this a couple of moves which just missed my orders before running away ...

No Brainer Trades

Too complicated.

No Brainer Trades

Back Testing — True........

No Brainer Trades

....and the bad — Pound Swissy. Just couldn't get set.

No Brainer Trades

Thanks for that, Booker, much appreciated. A couple of charts below: The Good(Aussie);

No Brainer Trades

Swissy — Tried it's best, but failed me. Took the earlier 14 pips back, though,

No Brainer Trades

Swissy — 'Revenge' trade (LOL)

No Brainer Trades

Hi All levels are drawn manually, purely based on support, resistance and flips. I don't concern myself with momentum etc, and I've thrown more indicators in the dustbin than I care to remember-best place for them! Cheers Mark

No Brainer Trades

After...... — Swissy ok, cable broke even:

No Brainer Trades

Reactions to old levels. — charts:

No Brainer Trades

Aussie — Fair start to the week.......

No Brainer Trades

I think that quite a few wandered off to the chatroom which Steve set up, although I'm not sure if anybody has heard anything off him for a while now. Hold on, I spoke too soon! url

No Brainer Trades

I am an ex-member of Jacko's trading group; not an ex-member due to any disillusionment with his method, but rather at the end of the year I came to the decision that I had taken what I needed. Staying after that time would have probably held me ...

Jacko's Forex House of Pleasure and Pain

Hi I trade off hourly charts/daily levels with a methodology which is heavily influenced by Steve(BRV). I trade 13 pairs, and set orders to enter at 1st touch(10 pips before). I use an EA which; carries a 'nightmare stop'; a move to breakeven at ...

No Brainer Trades

Hi guys, Just spotted the replies on this topic-thank you. I've ended up paying to have an EA coded. Cheers.

Hourly Close EA

If you are a 'system' trader(as against a 'method' trader) then I can see some sense in it, as systems will only ever work during market conditions which are compatible with your system. Every system will go through periods when the wheels will come ...

The 6% Monthly loss limit

I nowadays set my weekly levels off a daily chart, and then 'fine tune' them in on the hourly. I also use the hourly for stops. That's the deepest irony, I suppose. I actually feel as though, at long last, I've arrived at the stage where I no longer ...

A Cautionary Tale