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BillyRayVal replied May 14, 2008Nailed .9290 for + 25 pips so far There is more support at .9275 so if it heads lower I would fade that too
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BillyRayVal replied May 14, 2008+66 pips fading this again...German GDP coming out in a few hours might have a + or - affect on this so protecting....
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BillyRayVal replied May 14, 2008FYI all my trades are based on horizontal support and resistance. Diagonal trend lines prove a lot less reliable, generally speaking. Rather not take the risk if I'm not certain about something, and wait for the right time to trade. I despise losing ...
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BillyRayVal replied May 14, 2008It looks like this pair is going to give another crack at this in the next few minutes/hour or so. I'm going for it but with a smaller position size. This is not 90%. Also if momentum gets too wild I might stay out completely. I still feel ...
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BillyRayVal replied May 14, 2008Up to 46 pips from this post. 62 from lower level. still going.
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BillyRayVal replied May 14, 2008and little 'ol eur.... — Long EUR 1.5360 to 1.5370 EUR is currently bouncing off of 1.5396 support. After this retrace, if it moves down, I'm expecting it to 1.5363 and then a decent bounce. You might also be able to score a few pips more on ...
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BillyRayVal replied May 14, 2008Sorry you must have misunderstood me. I didn't mean daily ranges of the pair, I meant the range of the multiple support and resistance levels. For instance, the "buy range" on CAD would have been .9988 - .9970. I'm still in this one but took some ...
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BillyRayVal replied May 14, 2008I was able to get about 100 pips from this one in about 3 hours, just to give you an idea. Anything else to contribute I'll keep u posted.
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BillyRayVal replied May 14, 2008so for example on this one you want to go long from the top to the bottom of this range. One way to do it is put on a portion of your position at the top and another at the bottom, just to be safe. Like on the CAD trade above I have an entry at ...
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BillyRayVal replied May 14, 2008In my haste to post I forgot to talk about ranges. This one just hit 162.90 and came in the money about 50 pips. Keep an eye on these levels and a relevant range where price might begin to retrace. You can see on the chart that the support ...
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BillyRayVal replied May 14, 2008Thanks. If you hit a level the first and second time, payouts are the best generally speaking. The more it gets hit the less payout/level of probability you get.
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BillyRayVal replied May 14, 2008GBP up to 60 pips at the lower level. FYI I realize this is after the fact of the time of the trade post. Please use for learning.
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BillyRayVal replied May 14, 2008this just gave up about 17 pips profit and then came down to .9970. I'm staying long momentarily though because there is decent support at these levels.
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BillyRayVal replied May 14, 2008another one: — Long USD/CAD at the 0.9986 range you could go at parity right now and scale into a position if you wanted to in case price continues to push down, which it might
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BillyRayVal replied May 14, 2008and while we're at it — Sure why not...here's another one: Long AUD 0.9290, long AUD 0.9272 right now bouncing off higher level support of .9300 for about 33 pips. with any of these there are multiple support/resistance levels in these ranges. ...
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BillyRayVal replied May 14, 2008here's one — EUR/JPY short at 163.00. This will probably coincide with the JPY short, again, if price can get up there. EUR/JPY can get volatile sometimes so be a little careful on position size. Also, watch out for news with any of these ...
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No Brainer Trades
Started May 14, 2008|Interactive Trading|14,464 replies
Hi everyone, I'm starting this thread for the benefit of all for trade setups with 90%+- ...
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BillyRayVal replied Apr 16, 2008Hi Gnat, thanks for the reply. I tried using 32 and 9.1, and I know we're not a big fan of backtesting, but this occurred on all occasions across all pairs I tested it on, including GBP/JPY. The spread PL between the trades was always very minimal ...
trendchaser super ea
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BillyRayVal replied Apr 16, 2008Hedged trades not closing out — Hi trendchaser, I'm not a huge ea guy to begin with but I did some testing on this and was getting great results until it opened a bunch of trades that hedged off with one another, and never closed them out. It ...
trendchaser super ea