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- raylin replied Jul 17, 2015
Hi Leonard (Toscano) Yes I think that might work ie trailing stop I find 50% of the trades are in profit within the hour and then do nothing or sometimes you will get a breakout in the 1st 15 minutes and you can achieve 100 pips I have been back ...
20 pips with Livelli indicator
- raylin replied Jul 17, 2015
Hi Toscano Since it looks like we are the only ones that are trading this system I would like your views on the take profit I have back tested this system on most pairs and seem to achieve a 80% strike rate I know that by bringing my stop loss down ...
20 pips with Livelli indicator
- raylin replied Jul 17, 2015
Two trades today bought Pound/Jpy at 194.08 didn't want to take trade below round number profit 10 pips Bought Pound/Usd 1.5643 profit 10 pips with 3 pips locked in on 2nd trade (bit late in entry with this trade Unfortunately lost 200 pips yesterday
20 pips with Livelli indicator
- raylin replied Jul 16, 2015
When the 1st 3 dots appear on the chart I normally put the buy stop or sell stop at the close of the the 1st candle.Sometimes if you do this the price as gone past that entry so I do not take the trade Hope that is clear
20 pips with Livelli indicator
- raylin replied Jul 16, 2015
Hi Nozzer Can't see a trade on my charts on Nzd/usd also I stay out of trades going into big round numbers
20 pips with Livelli indicator
- raylin replied Jul 16, 2015
Entirely up to you Leonard The only time I would close trades would be 13.00 Wednesday 1st week of the month and NFP
20 pips with Livelli indicator
- raylin replied Jul 16, 2015
Yes I agree it is high although back testing the strike rate is over 80% This system is work in progress I may at some stage go for 20 pips with the 1st trade and bring the stop to break even with the 2nd trade at 10 pips
20 pips with Livelli indicator
- raylin replied Jul 16, 2015
Hi Leonard We have such a simple system here . But we must also follow our instinct I did not take the Euro/Usd trade because I thought after the Greek debacle I thought the Euro would rocket I didn,t take the Usd/Cad trade as there was a 240 pip ...
20 pips with Livelli indicator
- raylin replied Jul 16, 2015
Hi Leonard The cross of the 7/28 was 2 days back With such a short time frame you can expect the 7 to point down I am now trading live so I have brought the 128 ema into the equation so will only trade in the direction of the 7 day trend I see you ...
20 pips with Livelli indicator
- raylin replied Jul 16, 2015
2 trades today all my others on watch list are trading into round numbers and not happy about Euro/Usd sell trade Buy stop pound/usd 1.5645 Buy stop Pound/Jpy 193.79
20 pips with Livelli indicator
- raylin replied Jul 15, 2015
When I am trading my start of day would be 7.00 am uk time or the beginning of the European session. So I would normally place my pending orders at 6.55am uk These pending orders are always buy or sell stops so if my platform does not allow the ...
20 pips with Livelli indicator
- raylin replied Jul 15, 2015
Ok Nozzer here are some trades that will give you an idea of the system For guys just starting out with the system I recommend installing the 168 ema on the 1 hour chart this will give you a 7 day trend on the hourly chart Also if you using 2% of ...
20 pips with Livelli indicator
- raylin replied Jul 15, 2015
Hi Toscano I am not too happy about trading Nzd/usd and Aud/usd at the moment Just my gut feel Your third trade of the day in profit so that's 30 pips with one trade still running at break even
20 pips with Livelli indicator
- raylin replied Jul 15, 2015
I have mentioned this before If at all possible try to use the closing price of the signal candle ie the 1st dot and not the high or low of the signal candle. This will give you extra pips and sometimes turn a bad trade into profitable one See ...
20 pips with Livelli indicator
- raylin replied Jul 15, 2015
exactly the trades I would be taking if trading at the moment Pound/yen +10 with 2nd trade free ride Pound /Usd +10 with 2nd trade free ride Usd/yen trade taken
20 pips with Livelli indicator
- raylin replied Jul 14, 2015
I have been trading live for 3 months although not every day I trade most pairs pound /dollar, euro/dollar, pound /yen, euro /yen, dollar/yen, dollar /cad, as long as the spread is not more than 5 pips Also make sure the pairs are trending I am ...
20 pips with Livelli indicator
- raylin replied Jul 14, 2015
The pound /usd cant understand why the editor didn't put that in I did a preview of the reply and it was there
20 pips with Livelli indicator
- raylin replied Jul 14, 2015
Yes Toscano Usd /cad at break even and free trade Euro/Usd triggered Euro / pound I don't trade that pair /Usd cross over of 7 /28 moving average would have made 10 pips 2nd trade at break even
20 pips with Livelli indicator
- raylin replied Jul 14, 2015
Hi Davit Thanks for that .I realise you are just assisting people but it does clutter the thread
20 pips with Livelli indicator