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- bksujal replied Sep 10, 2007
Please remember 17 Et to 17 Et only nothing before or after that Regards, Bksujal
Daily95pips
- bksujal replied Sep 10, 2007
Hey sameer i just use the Atr to determine the range thats it. Not to decide for the tp's. I have a usual target around 75-100 pips. And today i placed my order at 17:30 Et. Regards, Bksujal
Daily95pips
- bksujal replied Sep 10, 2007
As someone asked about 5 p.m. Et, yes after you determine the range and take the 10% of it. Add the 10% of the range to the previous day's low and that is our entry point for the day to go long. Subtract 10% of the previous day's range to the ...
Daily95pips
- bksujal replied Sep 10, 2007
hey guys i hope everyone has earned some good pips in eur/jpy my favourite pair as you see the previous day's range was 260 so the 10% of 260 is 26 pips since the day had ended near the lows we would go long @ 155.96 that is ( the low 155.7+26 pips) ...
Daily95pips
- bksujal replied Sep 9, 2007
Sameer as i have said before i just use the Atr to determine the range thats it. Where did the 10% come from. Well this has worked me in trending and range markets fortunately till now. Since your starting this strategy let me remind draw vertical ...
Daily95pips
- bksujal replied Sep 9, 2007
Everyone seems confused about the Atr(14) guys i just use to determine the range thats it just to check the volatilty of the pair. And yes i use the friday's values for the new week. Ok i do sometime use rsi or other indicators but this is mainly my ...
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- bksujal replied Sep 7, 2007
Ok mike my results for today were: Eur/Jpy = 80 pips Gbp/Usd = 50 pips Regards, Bksujal
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- bksujal replied Sep 7, 2007
Mate i must tell you i do not have a very large portfolio since i am only 3 months old in forex i do not look for 100plus pips, i am happy with a 100 or below pips in a day. Usually i look for 75-100 pips in a day. So i use a 1:2 Risk/Reward Ratio. ...
Daily95pips
- bksujal replied Sep 7, 2007
Ok now guys have a look at this which is for today's eur/jpy in which i again made 50+ pips. Remember you are supposes to draw vertical lines on your chart from 17 Et to 17 Et. On this chart i have circled the high, low and the close of the day ...
Daily95pips
- bksujal replied Sep 6, 2007
Ok guys have a look at this chart for eur/jpy which i used today I must tell this is one of my most favourite pairs. Okay firstly previous day's range was 196 pips so the 10% of that = 19.6 round to 20 pips. We would be looking to go long because ...
Daily95pips
- bksujal replied Sep 6, 2007
Earned 80 pips today whatsupp no one on this thread anymore? Regards, Bksujal
Eur/JPY
- bksujal replied Sep 6, 2007
Mate i can't guarantee it that my strategy would fetch a 95 pips daily, but yes it could get you 50 pips or even more. My results for today were: Usd/Jpy = 25 pips Eur/Jpy = 60 pips Net = 85 pips And i am happy to continue in this thread, not ...
Daily95pips
- bksujal replied Sep 5, 2007
Ok guys then I'm signing off for today good luck to everyone for their trades. Cheers and HAPPY TRADING. Regards, Bksujal
Daily95pips
- bksujal replied Sep 5, 2007
FIRSTLY MATE I DO USE 1:2 RATIO FOR MOST OF MY TRADES AND WELL I AM NOT A LONG TERM TRADER SO THE TREND IS IMPORTANT BUT IN THIS CASE IT HAS VERY LITTLE TO DO WITH THE MOVES ON A DAILY BASIS FOR ME. I JUST USE ATR TO CHECK THE VOLATILITY OF THE PAIR ...
Daily95pips
- bksujal replied Sep 5, 2007
mate I recommend try it out on a demo please and dont get so excited everyone that all lose in this strategy. I recommend this works best for eur pairs ,and yes I agree this strategy is not so similar to mike's but yes it does have something similar ...
Daily95pips
- bksujal replied Sep 5, 2007
Have A Look At This Chart For Usd/jpy The Range For Yesterday Was 108 Pips So The 10% Is 10.8 Round To 11 Pips. To Go Short The Entry Point Is 116.42-11 Pips = 116.31 And You Must Go Short Remember It Is Important To Note Where The Price Closes At ...
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- bksujal replied Sep 5, 2007
Till now i must tell you i have had a 100% in the last 2 weeks. I learnt in my course and made my own interpretation of it and this is what i produced.
Daily95pips
- bksujal replied Sep 5, 2007
i use 1:2 RR Ratio and it depends on the pair your trading and please before trading have a look at the Atr that is what i look at and set my tp. Cheers!!! Regards, Bksujal
Daily95pips
- bksujal replied Sep 5, 2007
firstly mate the date your asking is 08/31 now the range on 08/30 was 219 pips the high was 158.96 and the low was 156.77 so the 10% of the range is 21.9 round it to 22 pips so your entry points for the next day will be previous day's high minus 22 ...
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