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- FXSnipe replied Dec 1, 2009
foggytrader, im also long around the a little lower than that I have been guilty and always seem to chicken of trades too early , working on myself, just out of curiosity any good book you read that really helped you in your trading?
DeMark TDST Trading
- FXSnipe replied Nov 30, 2009
foggytrader. it seems to me you do not stick to one timeframe to enter your trades, that is 5 minute charts, or your trades are governed only by the risk level?
DeMark TDST Trading
- FXSnipe replied Nov 30, 2009
foggytrader, thansk for the analysis , there is a good chance that GBPJPY to test the upper BAT on the daily timeframe but time will tell
DeMark TDST Trading
- FXSnipe replied Nov 27, 2009
I am surprised that few people follow this system as one can easily compound the account risking very little as far as I have seen this system inthe last coulple of days. I will do my analysis and backtesting on this as it got me excited. I have no ...
DeMark TDST Trading
- FXSnipe replied Nov 27, 2009
Foggytrader, thanks something similar to Roy Kelly's system, currently reading his book. Looking forward to checking your analysis for next week
DeMark TDST Trading
- FXSnipe replied Nov 27, 2009
Foggytrader, how do you determine the which brearish thrust to use and does iut mean anything. I ma referring to the bearish thrust high on the GBPUSD weekly chart
DeMark TDST Trading
- FXSnipe replied Nov 27, 2009
foggytrader, GBPJPY, blew past the target level before reversing, the greedy part of me says: "bollocks I should have stayed all nuight and would have made more pips". Easy to say that in hindsight. Looking forward to seeing your analysis going ...
DeMark TDST Trading
- FXSnipe replied Nov 26, 2009
Thats the right mindset as thinking what to do in the middle of a trade is a sure way to a poor house
DeMark TDST Trading
- FXSnipe replied Nov 26, 2009
It can be a bit tricky as surprise news can really shake one out of a good position or losing the bulk of it back. But yes I agree with what you are saying foggytrader that one should trade price and not news
DeMark TDST Trading
- FXSnipe replied Nov 26, 2009
GBP sales coming out will have this monitor this position carefully
DeMark TDST Trading
- FXSnipe replied Nov 26, 2009
Price didn't reach the 144.98 area missed it by a few pips
DeMark TDST Trading
- FXSnipe replied Nov 26, 2009
foggytrader, this is really a powerful strategy, I have already made over 300 pips on GBPJPY and I will test this forwrd on this pair only going forward. But key to this strategy is alwasy trade in the direction of the long term trend and take small ...
DeMark TDST Trading
- FXSnipe replied Nov 25, 2009
Cool analyis, it looks like price failed at 147.65, about 20 pips fro your level, this one passed me by
DeMark TDST Trading
- FXSnipe replied Nov 25, 2009
Foggytrader, Thanks for sending this through , these results are impressive I will have a look at the spreadhseet you have sent, It would not be a good idea to commnet on how best to manage the trades at this stage as I still need to look at this ...
DeMark TDST Trading
- FXSnipe replied Nov 24, 2009
foggytrader, please do post your results. I do think that one can scalp a few pips everytime a signal is seen and let anoher posiiton run
DeMark TDST Trading
- FXSnipe replied Nov 24, 2009
Such stop outs should be expected from time to time but key is to hold on to winning positions to come out a winner at the end. to me this is a very good system as the stop loss levels are very tiny in comparison to the expected payoff. Foggy trader ...
DeMark TDST Trading
- FXSnipe replied Nov 24, 2009
Ok i see, this is a good system, I have alwasy wanted a system to minimising my risk esp. on he GBPJPY as I couldn't manage to trade this pair without putting a 50+ pips stop, thanks for sharing foggytrader
DeMark TDST Trading
- FXSnipe replied Nov 24, 2009
foggytrader, what are those numbers and currency on your charts in red the one on USDCAD chart is GBP 5.06 ?
DeMark TDST Trading