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- leorc replied Dec 6, 2014
I believe u have found a good simple method, but made a wrong turn down the road as you started to scramble for a "filter indicator". As you couldn't tolerate stoploss. The magic isn't finding the perfect entry. Its a combination of trade ...
- leorc replied Dec 4, 2014
Yes, as I stated earlier, it takes more than just a few simple rules to win consistently with this system. Thats, experience, screen time, a good sense of market. But...people like Kubiasty who whine about the system just after 3 trades, just aint ...
- leorc replied Nov 29, 2014
Exactly, the momentum might last, or it might not. Taking profit is the hardest part of this business.
- leorc replied Nov 28, 2014
My 2 cents. Its Thanks Giving day and week, so big shots in NY are usually on vacation since yesterday, if not the whole week. So trading (especially scalping) USD pairs is not a very good idea as volatility is likely to shrink. I couldn't resist ...
- leorc replied Nov 27, 2014
Result for 3rd week of trading this method. Thanks giving is here so I cut the week short, but over all the profit and hit rate is about the same as last too weeks.
- leorc replied Nov 25, 2014
Keen observation of the price action. I was in a similar NZDUSD trade and only got 25 pips out of it. Due to taking profit too quick.
- leorc replied Nov 23, 2014
"somehow it did not work" This is where the problem is, not the market, not the system.... Probability, friend.
- leorc replied Nov 21, 2014
Result for 2nd week of trading 00 method. Hit rate improved from 76% to 85%. A total of 91 pips gain for the week after fee.
- leorc replied Nov 20, 2014
The market is pretty crazy today. Got 3 winners earlier then I sat on the sideline for few hours. Gonna call it a day I guess. Good luck all~!
- leorc replied Nov 19, 2014
Another good day overall. 5 wins and 1 loss due to stop hunted. =\ Time to sleep, good luck all!
- leorc replied Nov 18, 2014
oh no...just missed the EJ 800 lv trade! dang~ well well, 3 trades +16 pips for me today, good enough. Later guys, good luck.
- leorc replied Nov 18, 2014
u know Udine, I am glad that this strategy requires more human involvement to make it work properly (experienced eyes) . If its pure mechanical just those few simple rules, there will be program tradings kicking in pretty soon, from both retail and ...
- leorc replied Nov 18, 2014
lol we took exactly the same 2 trades. GU from 600 to 650, EJ 600 to 650 as well.
- leorc replied Nov 17, 2014
Its obvious that u entered the trade at 50 level instead of 00 level.
- leorc replied Nov 14, 2014
Very good point Udine! Some rental properties can be used as a great source of passive income. Scalping in Forex will run into liquidity problem sooner or later. So reinvest the profit into other vehicles is definitely going to have to happen when ...
- leorc replied Nov 14, 2014
This is quite remarkable. If the trend continues, the compounding effect is going to be crazy.
- leorc replied Nov 13, 2014
+6 -10 +6 -10 +9 Break even for the day =\
- leorc replied Nov 13, 2014
For those of you who like to scalp on exotic pairs, why GBPCAD instead of the popular GBPUSD ? The volatility is about the same, but GBPCAD has twice the spread of GBPUSD. Im getting 0.5 - 1 during active market for GU, but for GC, all i can see is ...
- leorc replied Nov 12, 2014
+5 +6 +5 +7 +5 for the day.
- leorc replied Nov 11, 2014
My 10 trades for 2 days. 1. +15 2. +5 3. +5 4. +5 5. +5 5. +5 6. -10 7. +15 8. -10 9. +10 10. -10 = 35 pips Since there is usually a 1.5 pips spread on GBPJPY, so the actual result should be another -15 pips on the overall profit. This brings the ...