- Search Metals Mine
-
mikeh3855 replied Oct 26, 2013Walad, Moving the SAR can be done on a mechanical basis by following the rules. After all four working lines are in place, price has to exit from within the lines and then go back in. The resulting swing point is your next stop and reverse level. I ...
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 25, 2013Current AUDJPY trade. 84 pips are locked in.
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 24, 2013Thanks Walad, Yes, the easiest way to get in initially is to straddle the last swing high and low with buy and sell stop orders and wait for one of them to trigger. Then proceed as normal with the working lines. Once you are in a trade you need to ...
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 24, 2013Here are my trades with this method for the last month or so. I have to admit that I couldnt resist taking profit when I had a figure on the table equal to 20% of this account. Against the rules. I know, so these results are not stictly mechanical. ...
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 14, 2013Redfan, yes, you put a stop on your order that is in progress and a pending order to buy or sell at the same place. So a buy or sell stop. Add spread for a buy.
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 12, 2013It is simple. It's very relaxing to trade on 4 hr TF. Bactesting shows me that strict and patient rule flollowing pays off, as with any method.
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 10, 2013Thought I would follow up seeing the trade went so well, and caught a nice reversal. My backtests on 4 hr charts pretty much point to profitability only on specific pairs. Backtesting did also help me to familiarize myself with some nuances of the ...
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 5, 2013Thanks gspajon, versatlity of a method is a good sign. On 4HR currecies I am finding better results with some pairs over others in bactests. The backtests are only for this year though. I will look back further on GBPUSD because for 2013 it beats ...
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 4, 2013Meant to say sleeping past a couple of candle closes makes little difference. Sleep is a good thing. Here's the latest take on my CADJPY trade.
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 4, 2013Ozzie, I am also short on the GBPUSD within 3 pips of your trade. Nice going. This method is very easy on the nerves. There is plenty of time to set stop orders. Sleeping between a couple of candle closes makes very little difference as far as I can ...
SAR Method on 4hr Charts
-
mikeh3855 replied Oct 3, 2013Here's a shot of this live trade progressing.
SAR Method on 4hr Charts
-
mikeh3855 replied Sep 29, 2013Well if you don't want to talk about pips then what you want to talk about is percentage I think. And you are right because percent gained vs percent risked is really the crux. A large pip gain on that spread sheet may represent a small percentage ...
SAR Method on 4hr Charts
-
mikeh3855 replied Sep 29, 2013Right. I understand the pips gained is not always reflective of your absolute profit or loss. However, with Buff's rules as stated, you know your risk on each trade. If you risk a constant percentage knowing your risk on each trade, the posted ...
SAR Method on 4hr Charts
-
mikeh3855 replied Sep 28, 2013Here's a manual back test of the system on the GBPUSD 4 HR for 2013.
SAR Method on 4hr Charts
-
mikeh3855 replied Sep 26, 2013I'm short on CADJPY, and long on GBPAUD. Waiting for a break down on EURUSD to enter short. Here's a screen shot of my CADJPY entry.
SAR Method on 4hr Charts
-
mikeh3855 replied Sep 24, 2013Hi Buff, This looks naturally right I must say. The videos are great! Your advice with regard to making it your own with risk tolerance and any addititional indicators is right on. I would describe this as aggressive support and resistance trading. ...
SAR Method on 4hr Charts
-
mikeh3855 replied May 28, 2013I am in that AUDUSD trade too. The thing is, yes the rules say " price closes otherside of ST, close the trade", you have to look at that downtrend to the left. Ilz has given us these sensible entries, now trade what you see a little to add some ...
Trend Runner
-
mikeh3855 replied Aug 20, 2012I have a cross to the upside on the monthly chart and a pull back candle on the recent daily uptrend on the CADJPY. My broker's daily candle closes at GMT -5. I'll have a buy stop order placed above the swing high candle just to the left of the ...
Quick and Dirty EOD
-
mikeh3855 replied Jul 20, 2009Yes Smurf, I'm trading it. I'm up 107 or so. It was higher but retracing some now. In the interest of money management I've brought the stoploss on trade one to breakeven. I'll leave trade two in place in case it reverses this week. Good luck!
Weekly Gbpjpy Breakout System