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Nofx replied Nov 15, 2007Gnat, Yes well I took an extensive nap earlier today in anticipation of the London session. I also closed out a short trade about half an hour ago for a nice little 140 pip trade so that was a nice frosting on the cake. I will probably be heading ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 15, 2007Gday Gnat! Welcome to my world - LOL! Hope the eggs are well - mine are fast asleep for a few more hours. Ah - what peaceful silence.
Hope all is well with you today. DoggySupernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 15, 2007Hi Alby! I don't think there is a specific answer to your question on stop loss and take profit points. I normally try to put my stop loss behind the T3. This does not always work well with money management however as you will notice if you look at ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 15, 2007I reapply it daily as it seems to have some problems resetting at times. There are other pivot indicators out there too that may work better - I just like this one.
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 15, 2007Hi Vlad! I also am a firm believer in manual trading, however the people working on the EA side of things here in the thread are doing a phenomenal job and I think they need to be encouraged to continue. I am very much looking forward to the result ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 15, 2007Hi Rapikbey! I don't have a set number of candles that I look at - I just try to get an overall feel for what price is doing. This can be somewhat subjective at times. Good trading, NOFX
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 15, 2007Vlad — Hi Vlad! I am not sure if I am understanding you correctly or not so I have included a chart to reference what I think your question is. If you entered where I placed the arrow on the chart that would not be a good entry for me. I think ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007Hi ET! No, I am still waiting for the QQE even if the DMI is already giving me a signal. QQE is the backbone of the system and I always use it for entry first. NOFX
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007Clarification — Hi All, Before somebody asks a question about the extra DMI indicator on my charts I thought I would explain. I have been using the DMI 5 rather than the DMI 14 to enter trades. It gets me in sooner and as I have an initial TP ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007Manual labor — Here is a good example of how I use the daily pivots for exit. Price initially broke the pivot but had no carry through momentum and I was not confident it would continue. Time may prove me wrong but that is the way I played it.
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007Gnight Gnat, I will see you tonight around the London open. I may not be awake the whole time - I have not had much sleep lately and the eggs have a surplus of energy. I too anxiously await the return of lady Awesome - I fear it will not be until ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007Hi ET! There really is no big mystery to how I deal with the market jumping around. I just pick a prudent place to put my stop and then I never move it except to lock in profits. If I get stopped out I lose - if not I win. I don't trade a specific ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007Hi Jat50b, I trade on a live account. I don't like to use demos at all myself. I use them occasionally when I switch brokers to get a feel for how to make order entries on the new platform. As far as demo trading - if I am unsure of a system I will ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007LOL! Yes, I trade live. Yes, I was down over 60 pips on one of my trades last night but it did not hit my stop before it went in profit - I have been down more than that at times. Yes, I did take a trade around BOE report - I do that sometimes. If ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007Manual labor — I just got stopped out - gonna go sleep now. See all of you tomorrow. Great trading and massive pips to everyone. NOFX
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007Hey Flyman, Exactly, I almost got stopped out just now but it seems to have recovered. I will have to go to bed soon as it is 4 am. If I don't the egglettes will trample me in the morning. Good trading to you and I am glad you got a piece of this ...
Supernova GBP/JPY Mini Trend Catcher
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Nofx replied Nov 14, 2007Manual labor — Ok - got it working. Here it is - I am still in this but have moved my stop up to keep 100 pips on the second lot. Morning Gnat!
Supernova GBP/JPY Mini Trend Catcher