Nicotina, Nice forum!!! Is your other system working well? Thanks

High & Low 8 Hours (GBP/JPY)

That may work. With something like this, it would have to be backtested to see if it increases profits. It's hard to say until you do.

High & Low 8 Hours (GBP/JPY)

My own opinion- I would forget about all the support and resistance stuff and just trade the system. There is ALWAYS a reason not to trade if you look at a chart.

High & Low 8 Hours (GBP/JPY)

Yesterday, I only closed out half of that winning position. I set the SL to break even and let the other half ride. When we got the new numbers last night, I sat the low trigger as the new SL. So far that half position is up 200 pips. I'll keep it ...

High & Low 8 Hours (GBP/JPY)

That's good. Maybe it will interest him. Thanks

High & Low 8 Hours (GBP/JPY)

"EA" stands for Expert Adviser. It's a program that would place, replace and cancel your orders for you, as needed. It's a robot trader. Nicotina hasn't changed his system. The different columns show the results IF he had used different profit ...

High & Low 8 Hours (GBP/JPY)

The same thing happened to me. It needs an EA and it would be a fairly simple one.

High & Low 8 Hours (GBP/JPY)

Thanks, Nicotina, That looks good!!! In January, were you experimenting with a weekly system?

High & Low 8 Hours (GBP/JPY)

Thanks for your system

High & Low 8 Hours (GBP/JPY)

No. It can be any combination of long and short. Any two stop outs. If you look back to last Thursday (I think it was) Nicotina showed two long trades that both got stopped out.

High & Low 8 Hours (GBP/JPY)

Let's say the short is triggered. It winds up getting stopped out. Then we would have to place the same sell stop order again. Two stop outs or one profit target are allowed.

High & Low 8 Hours (GBP/JPY)

It probably needs to be looked at farther back. I trade a EUR/JPY breakout system and that pair has made clean breakouts the last week or so. It doesn't always. Anyway, it's a good start. Thanks for your effort.

High & Low 8 Hours (GBP/JPY)

I'm not sure I agree with that part of it. Today it took care of itself. It doesn't always. Usually the moves are made in the middle of the night (for me). If it hits profit, the other order needs to be canceled. If it gets stopped out, another ...

High & Low 8 Hours (GBP/JPY)

Guys, If you haven't done it, you need to rate this thread with a bunch of stars.. It's definitely one of the best systems on this forum.

High & Low 8 Hours (GBP/JPY)

You don't go short again. You place another sell stop order just like the previous one. Today, the short wouldn't have triggered the second time. The long order triggered and went to to make profit.

High & Low 8 Hours (GBP/JPY)

Thanks Jeff

The Art of Trading with MTF Stochastics

You are allowed two stop outs or one take profit per day. Since you have triggered your long, you won't reset your short trigger. You have already been stopped out of the short. You are presently in a long position. The long will either hit profit ...

High & Low 8 Hours (GBP/JPY)

Both of those charts are showing true 1800 - 0200 GMT. The prices Nicotina gave tonight match that. The prices he has been giving correspond to a window of 1700 - 0100. The difference this week must be that Europe went off of Summertime.

High & Low 8 Hours (GBP/JPY)

Hi Nicotina, Will you post a 1H chart and point to the beginning and ending bars of your time window? Thanks

High & Low 8 Hours (GBP/JPY)

I honestly don't know. I use IBFX and they have the GBP/JPY spread at 9 most of the time now. Sometimes they raise it when it's not even news time. I'm looking for another broker.

High & Low 8 Hours (GBP/JPY)