Partial profits are taken, and trailing stops are set. It's 4am here and it's time for me to catch a couple hours of sleep before my day begins. GREEN pips to all.

London Open Strategy

Way to go. I still have my short EU @ 1.3764 and my long UF @ .9082 Will take partial profits @ + 8 pips each and set SL @ BE + 1 pip then. Came close to my partial profit in the EU on the spike down. At + 12 pips I'll start trailing my SL @ 10 pips ...

London Open Strategy

Good trade management. GREEN pips to all.

London Open Strategy

Wise words of wisdom. It is always better to understand the "why" behind any system or indicator as opposed to following it blindly. Congratulations to all those who made pips this week. Just as we need to learn from our losses, it is ...

London Open Strategy

Excellent technical analysis, and it points to the fact that you can't just follow the rules blindly. It's best to have some understanding of why they work too. This will allow you to stand aside when it doesn't feel or look right, so that you can ...

London Open Strategy

I've now put my position on auto pilot. I've taken my partial profit, set my SL at BE + 1 pip, and set it up for a trailing stop if the market continues to move. Time to say Good Night to everyone and sincerely wish you all a great deal of success ...

London Open Strategy

We can learn a great deal from our losses if we take the time to write down our observations, reasons for initiating the trade, and how we managed it when it went against us. Mind you it still hurts, but I prefer to think of the draw down in capital ...

London Open Strategy

The reason that I went short was because the open of the 5 minute bar, 15 minutes before the London open, was lower than the open of the 5 minute bar @ the London open and the 15 EMA was flat to slightly up. GREEN pips to one and all.

London Open Strategy

Your eye for detail is impressive. You should write it down in your journal every trade so that you can look back at it after the trade has been closed and either validate your observation or invalidate it. That way over time you will become more ...

London Open Strategy

To me that is what the system indicates too. Short EU @1.3380 GREEN pips to all.

London Open Strategy

EXACTLY

London Open Strategy

Purely a guess, but I think we will be entering shorts on the EU today. GREEN pips to all.

London Open Strategy

Good morning everyone. It's about 30 minutes until the show begins. Be prepared for any type of trade. Yesterday was a classic counter-trend trade, which is the riskiest of the two, but it worked well and met the profit parameters of the system. ...

London Open Strategy

It sounds like a variation on the famous Turtle Trading Method. You can try this: url And you can simply search Turtle EA here in FF or Google it. GREEN pips to you always and good luck on your journey of discovery.

search for turtle-like EA

You can try here also: url GREEN pips to all.

As simple as possible: 00 level trading

Congratulations on the two profitable trades. RN stands for Round Number and corresponds to the whole numbers such as 173.00 or 174.00 in the GBPJPY. The rule states that we do not take a long position at the 90 level or take a short position at the ...

As simple as possible: 00 level trading

Keep the pip tin full. Good night from this side of the pond, it's almost 3am here. I hope to wake up and find that my positions are still active and moving towards higher profits. Keep supporting each other with constructive ideas, and ...

London Open Strategy

That's great. Now let the market give you what it can. I personally use FX Synergy to manage my trades because I can setup dynamic trailing stops that expand or contract as the price continues to move in my favor, ie I usually set up tighter ...

London Open Strategy

Today is a bit more of a counter trend trade, so I think it will be a little bit slower developing and the profit potential is not as great. Of course it doesn't take much if you can bank GREEN pips every day. As soon as these trades hit my partial ...

London Open Strategy