- Search Metals Mine
- lgtj replied Sep 29, 2010
First, the macd went into buy mode on the daily chart on 7/9/10. Then the macd went into buy mode on the weekly chart during the week of 7/11/10. Points 1 and 2 were established on the daily chart in July. If you've noticed, the price action on this ...
123 Method by lgtj
- lgtj replied Sep 29, 2010
I'll give you my analysis later because I'm still at work.
123 Method by lgtj
- lgtj replied Sep 29, 2010
Hello RHoward and welcome. I just recently started to trade this method after backtesting it for a while, so I have no win % for you. The profit target is the same distance from Points 2 and 3 not 1 and 2. Re-read the first page about stop loss ...
123 Method by lgtj
- lgtj replied Sep 29, 2010
Hello hwang ti puh and welcome. I don't have an answer for you because it all depends on price action.
123 Method by lgtj
- lgtj replied Sep 29, 2010
Hello wickstedfx and welcome. I just recently started trading this way after backtesting this strategy for a while. I don't have any stats for you.
123 Method by lgtj
- lgtj replied Sep 29, 2010
I'm at work now, but when I checked the charts this morning before I left home, I didn't see anything setting up yet. I'm still waiting for eurjpy to retrace and gbpjpy to start heading north, hopefully. I'm also watching usdjpy because the daily ...
123 Method by lgtj
- lgtj replied Sep 29, 2010
From my experience, I've learned that news really don't affect your trades as much when you're trading on the higher time frames, as long as you're trading with the trend. When you're trading on 1H and lower, then your trades will definately be ...
123 Method by lgtj
- lgtj replied Sep 29, 2010
I use the ma's as a guide only. They help me to see how price is moving. That's all.
123 Method by lgtj
- lgtj replied Sep 29, 2010
Read post #77. If you still need more clarity, let me know.
123 Method by lgtj
- lgtj replied Sep 29, 2010
Live trade update — I'm about to reach my break even point on eurusd.
image 123 Method by lgtj
- lgtj replied Sep 29, 2010
It all depends on what price action does when it reaches those levels. Just keep an eye on the macd on the daily and 4H charts and the ma's when price reaches those levels.
123 Method by lgtj
- lgtj replied Sep 29, 2010
Hello herty and welcome. Yes, you're correct, but you've already missed the initial entries. Now you would have to wait for add-on entries to develop if you wanted to get in the trend.
123 Method by lgtj
- lgtj replied Sep 28, 2010
I currently have 3 positions open on gbpjpy, and I'm a little nervous. I'm still waiting for price action to go north.
123 Method by lgtj
- lgtj replied Sep 28, 2010
Hello everyone. I just want to show you all the results of the audusd daily chart that I posted in post #10. The target was reached today for a total of 1276 pips! This is a good example of how powerful this method is when you trade with the trend ...
123 Method by lgtj
- lgtj replied Sep 28, 2010
It all depends on how many valid set ups that you see on any pair. On a previous post, I showed that eurusd had about 5 valid entries. Also it all depends on how much money you have in your account.
123 Method by lgtj