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- Richard7 replied Apr 7, 2015
OK, I'll try posting a chart, GBPAUD. I haven't done a whole lot of trading but here's one that worked out. Unfortunately I'm still struggling with MT4 a little and inadvertently closed out the entire trade at around +185 pips. I wanted to close ...
- Richard7 replied Jun 29, 2008
Hi, I too, have been watching and waiting for some activity here. I was just about ready to post something when all this started, so I'll go ahead anyway. I mentioned earlier that I don't often enter on divergent bars. Well, go figure, I'm in two ...
- Richard7 replied May 9, 2008
I am using 5 pips for the 4 hour entries, and 10 for the daily. I know that a lot of times you do get chopped up in the up and down waiting for the breakout. I think the key to the system is keeping your initial entry small, then adding to you ...
- Richard7 replied Apr 24, 2008
I'm not sure if it's in any of BW's books or courses, but has anyone heard of a "sub fractal"? I think it goes like this. As in the chart I attached, you're in an uptrend. You've entered on a fractal up (thumb on the chart) and the alligator has ...
- Richard7 replied Mar 7, 2008
Hi everyone, No posts here for a week or so, so I thought I'd post a great example of the system that happened this week on the GU 4 hour. On the chart, #1 is the fractal from which the first entry short came. The orange line points to the candle ...
- Richard7 replied Feb 26, 2008
Hi Arcus, I know Isto answered you and I've been wanting to give my take on this, I've just been quite busy with non trading stuff. So it's nice to be back. First, I want to go through the chart you posted, then address something else. I want to say ...
- Richard7 replied Feb 22, 2008
The answer is somewhat subjective. In a situation where there are two or more fractals in the same area that means price is respecting that area, so I want to be sure the area is broken. So I choose the lowest (or highest if long) fractal. The ...
- Richard7 replied Feb 21, 2008
Hi arcus, And whoever else might still be reading this. I wanted to post this trade I just got out of to show how I manage the stoploss. It was a loser, and frankly a bigger loser than I usually take, but it's a good illustration of how I manage a ...
- Richard7 replied Jan 25, 2008
Recently I have been wondering if it is better to trade this method by taking every trade signal that comes or by being more selective. Based on that question, I manually backtested the GBP/JPY for January 1 until the 22nd just taking every signal. ...
- Richard7 replied Sep 4, 2007
Different Daily Chart? — That's quite a pin bar on your chart. I don't seem to have the same one on mine. Nice hammer, but not the same. My broker is Interbank, but I also have a GFT platform that shows the same thing. I guess different ...
- Richard7 replied Jun 21, 2007
Different Brokers-Different Data — OK, this is a little off subject but it's starting to bug me. I'm in the process of reading through the thread, having read about 1/5 of it so far, so if this has been addressed already please forgive me. I ...
- Richard7 replied Jun 19, 2007
Here's what Golfer is talking about. Those of us in the chat were looking as it began to set up, but when the pullback was too steep and the angle of the 50 flattened out, we all decided to stand aside. Looking long there was a good idea; it had ...
- Richard7 replied Jun 10, 2007
Petrol, I'm sorry to get off subject a little, but my chart for the Euro doesn't look like yours, and I'm wondering if I have a problem. Is your chart displaying GMT time? If you wouldn't mind, can you tell us the times in GMT that you entered and ...
- Richard7 replied Jun 7, 2007
E/J Wow — I've gotten more than 50 pips out of the E/J in the past 2 days. Is this system really this good!?
- Richard7 replied Jun 7, 2007
CHF vs. EUR — Emacro, I took 9 pips on that 2nd Swissy setup, but I skipped the EUR setting up at the same time. I thought the retrace back into the war zone was a little too steep, but as you can see, 10 or more pips were there to be made. ...
- Richard7 replied Jun 6, 2007
Thanks Balkan, Yeah, I was thinking the same thing, so I waited untill it retraced beyond the 50 MA and generated a new signal. I liked the tweezer tops at the 50 so I went with it and got 20 (the X on the chart should be down by the blue doji). I'm ...
- Richard7 replied Jun 6, 2007
On the E/J, notice that the angle of the 50 is flattening somewhat as shown by the SMA angle indicator. See that price has gone down while this is happening. Is there such a thing as angle to price divergence and should we consider this? Richard
- Richard7 replied Jun 6, 2007
I'm new to this, but I'm gettin' it — Hello to all. This is my first post here, and I want to thank Phil first of all, but also all the others who have been diligent to help and explain how this works. I've read through the entire (90 pages!) ...
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