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- nomoretoxic replied Oct 22, 2008
Just a reminder. A false breakout. PD Someone asked me privately if I have something hidden in my sleeve in order to lure people into "charging" for something more. Publicly I have to say I won't.....I don't need to... Trading is good to me. ...
- nomoretoxic replied Oct 18, 2008
As you see in the charts, a pullback could start in one candle, and then move many candles before coming back. We could say that the next candle either bearish or bullish is a sign. Just to make our lives easier. But I don't want you guys to be on ...
- nomoretoxic replied Oct 18, 2008
Look at the charts.
- nomoretoxic replied Oct 18, 2008
[/quote]Hi Nomo, I think we're more confused as a group then when you first introduced your method. Any help would be greatly appreciated. This is a great system, just have to get all of us up to speed. Jim[/quote] Ok here's some charts.
- nomoretoxic replied Oct 16, 2008
nice e/u trade. Just following the box indi's.
- nomoretoxic replied Oct 2, 2008
EUR-USD. Notice that the market broke the box 3 times. The first time was a straight breakout, then the market went back to mama's belly. There's two subsequent breakouts with their pullbacks, I decided to show you guys the second one for ...
- nomoretoxic replied Sep 30, 2008
OK. Trade outside the box - not the first time. (check my previous charts). I used a 1:1 R/R - 60 pips stop-loss - 60 pips profit target. Money management/load adjusted.
- nomoretoxic replied Sep 29, 2008
Always here to help!!! it's good to see that the box has a losing period (London) that way you can see, this is not a holy grail. Although it's not (a holy grail) some of you have already see the consistency of the box when a pullback is applied. ...
- nomoretoxic replied Sep 29, 2008
NY Session — NY session worked out in or favor.
- nomoretoxic replied Sep 29, 2008
stopped — Well, G/U was not good. I've been telling you , there will be losing days. it's part of the game - you just keep going. Here's where others start to "improve" the strategy. In my case, I don't.
- nomoretoxic replied Sep 25, 2008
No trade - for now — let the market come to you.
- nomoretoxic replied Sep 25, 2008
Here's why you should place your entry 2 -3 pips away from the breakout. The idea is to minimize risk. Cheers
- nomoretoxic replied Sep 25, 2008
Whenever you see a chart like this you must think on real time. The idea is to keep your stop away from the fire as much as you can. Remember this: you're minimizing risk, not avoiding it. Entry - 1.4691 original stop-loss - 1.4722 new stop-loss - ...
- nomoretoxic replied Sep 23, 2008
OK Folks, here's where you need to pass judgment on a trade. As you saw on my last charts, I had place a stop-loss, entry and exit, but as the trade unfolds (in the case I was looking to trade, actually I didn't trade this morning) I would move my ...
- nomoretoxic replied Sep 23, 2008
don't like it — as you see , I already had my stops-limits on place. Notice the big "wicky" red candle that passed my stop loss( no, my stop loss didn't get fill) The reading is on the wall - smells like choppiness to me. Passing that judgment ...
- nomoretoxic replied Sep 23, 2008
Possible trade ahead — POSSIBLE TRADE? Note that my stops-limits are in place already. But things might change. let's see what happens.
- nomoretoxic replied Sep 23, 2008
The Trend — here you go. do you prefer to be cross-eyed looking at a zillion time frames??? After all, the chop will haunt you. and....no squiggly lines will save you...I guarantee that. cheers
- nomoretoxic replied Sep 23, 2008
Here's the same charts I posted above. The reason why I don't play straight out breakouts. see for yourself. pretty much self-explanatory.
- nomoretoxic replied Sep 23, 2008
EUR-USD - London session here's an example of a long pullback - notice where I place my stop. As I mentioned before, Unbalanced R:R I take those trades by adjusting the load. Just bear in mind I am watching the pullbacks as it forms - real time. ...
- nomoretoxic replied Sep 22, 2008
EUR/USD this morning what can I say? there you folks. simple, stress-free. consistent trading by the way entry - 1.4617 stop-loss - 1.4593 TP- 1.4637 Oanda's feed , just in case cheers