Hey Pfd, Does pfd stand for Personal floatation devise - as in keep your head above water?

Trader Buddy/Partner Idea

Actually I believe it will make quite a difference. Under the present rules the stop loss will probably be over 30 pips (the length of the candle plus 10 pips on each side plus the additional distance to the candle close). The TP meanwhile is only ...

Simple Mechanized Impersonal System

I am also testing 00.00 NY midnight which I think is what was on the original example. It looks like even better results. I am also trying 15tp and 15sl.

Simple Mechanized Impersonal System

I do have a problem with the stop loss being that large (greater than 20 pips). I will look at a different MM. To say you can use discretion to close before the stop changes it to a discretionary system - not mechanical.

Simple Mechanized Impersonal System

I was skeptical at first glance. I tried a similar system with the Tokyo open and 20 pip TP. It worked beautifully for about a month then I had a string of losses. This system shows promise after a quick visual back testing on the EUR/CAD. I will ...

Simple Mechanized Impersonal System

The simple solution is to get a practise account with Oanda FX trade. You can keep it forever (no expiry). They have many more time frames including 2 hour. Do your analysis there and trade on your regular platform.

120 min or 2H candle?

In case I missed this: 1. Is there any guide or restriction on the number of bars between points? Can it be as few as 2 bars? 2. How about the width of the "void"? Can the void be a much greater number of bars than between the points? I look forward ...

Genuine 5m 4R/R system

Sounds very discretionary, which is ok. But price often "stops moving" and then continues leaving you with one or two pips as you watch it pull away.

Simple & profitable: 00 horizontal line trading

Driven: I also use brokers that do not match Udine's. I just adjust the daily open line in the properties (+ or _ number of hours). and use the anycandle indie for 1 hour. This works for me - you can easily see if price is above or below the daily ...

As simple as possible: 00 level trading

Week's summary: Sunday: First 2 position trade - 30 pips TP 58 pips TP (with trailing stop Second 1 position trade - 30 pips TP Monday: Stop out 20x2 - -40 pips SL Tuesday: golfing no trade Wednesday: Stop out 20x2 - -40 pips SL Thursday: 2 position ...

Trading from NY close to London open

Sorry I didn't have time to post last nights trade live, but it was a good one. Due to the previous 2 tradess, I reduced my TP on position 1 to 20 pips. Of course it screamed to approx 70 pips. The second position with a trailing stop netted about ...

Trading from NY close to London open

Thank you Udine. I love this system. It does take a different mind set, but once you start trading it, you can see the potential. I placed my first 2 trades last night (morning your time) and both were winners. I seem to be constantly catching up on ...

As simple as possible: 00 level trading

Well that's 2 trades in a row that would have been winners if my TP was 20 pips instead of 30. I may adjust my expectations and lower the TP levels as well as tighten the stops. I'm a bit reluctant to put in a break even level, since I have used it ...

Trading from NY close to London open

I took the trade today based on the trend break, but waited for an hour until the spreads came back to reasonable. The market has really slowed more than normal, and my stop is tighter. We'll wait and see if it picks up in the right direction when ...

Trading from NY close to London open

I think I'll call it a day, and wait for the Aussie volatility to settle. Tomorrow I have a tee time after lunch, so unless I get an opportunity to trade on the golf course from my phone, or a setup occurs when I get home, I may not be trading.

Trading from NY close to London open

Well that was nasty. 8 pips away from take profit, and I get spiked out. It seems to happen after a very good day.

Trading from NY close to London open

Woops, I just noticed a second lower trend line. We'll see what happens. For now, I'll stick with the trade

Trading from NY close to London open

Executed

Trading from NY close to London open

Today's first trend line set with alert

Trading from NY close to London open

I said I would explain the second trade shown on the chart. There is a phenomena that occurs quite often and that is: If there is a run up just before the London open, price will usually reverse right away. If I see that, I will put on a second ...

Trading from NY close to London open