No. Take Profit is measured from the pullback's highest point. You may have compared it to the entry point which is a bit lower. I should have emphasized it - Take Profit is measured from the pullback price, not the entry size. I forgot to mention ...

5M Channel Scalping - 100pips \ week

And... +2.4% ! 70 pips in less than 1 hour... image I hope you guys took the trade with me...

5M Channel Scalping - 100pips \ week

billbss - I will post the entire system, don't worry. BTW What I already posted is enough already. But I won't spare knowledge from you guys =] EURUSD Potential Trade: image Wait for pullback to occur, take profit = 60 pips.

5M Channel Scalping - 100pips \ week

You are right - I will explain. First of all, Let me describe a bit of my philosophy about stop loss. Stop losses should be at a strategic level, not calculated by a predetermined number. We put stop loss because we know, that if price passes a ...

5M Channel Scalping - 100pips \ week

image A setup from today, that was 'legally' OK, but the Risk:Reward ratio was 1:1 and thus unsatisfying. I didn't enter. Another rule you should mind...

5M Channel Scalping - 100pips \ week

Another trade from yesterday that made +2%, that 5% on account in one day! image

5M Channel Scalping - 100pips \ week

What I have already written is enough to start trading and profiting from this pattern... If you have questions do not hesitate to ask

5M Channel Scalping - 100pips \ week

Anyone who had traded the set-ups I posted would have made the easiest 3% ever!

5M Channel Scalping - 100pips \ week

Trading Plan — Thanks. Trading plan for next week: 3 Set-ups in the making, if a pullback will occur I will enter. image image image Good trading.

5M Channel Scalping - 100pips \ week

I enter by candlestick signals, and I put SL 1 pip above high or 1 pip below the low of the candles. It is hard to explain, I 'll show it in some pictures.. BTW, Look how the trade I have shown here in LIVE created a exact pullback and got to target ...

5M Channel Scalping - 100pips \ week

I agree with the no-indicators part. But why 4H? The charts work well in 1H and even 1M in some pairs.

What is the best strategy for gowing an account quickly?

Note the channel on USDCHF. It is only 37 pips in size, so I will enter only if stop loss will be 10-13 pips. We'll have to see the exact signal to know for sure. It also looks like a FLAG in 15M, which empowers the assumption of a short trade. ...

5M Channel Scalping - 100pips \ week

So like I said I am going to post the system here.... First of all, the main thing is the entry. My entries are based on pullbacks, so we are going to start by learning how to identify a pullback. Pullback occurs when price retests a level it broke ...

5M Channel Scalping - 100pips \ week

Yes. But... On longer time periods the fundamentals come into account in greater power so Technical Analysis may fail more. Generally, price action systems work on all timeframes, even 1M if the volatility is high enough.

Shouldn't a good price action system work on all time frames?

You are completely right. I'm familiar with professional traders who make about 10 pips a day. And it really doesn't matter, because these 10 pips, while translated to money, equal a decent percent of their account.

How many pips does a "successful" trader collect weekly?

Looks nice.

Simple, pure mechanical H4-System, EA needed

I thought that I haven't explained myself correctly. The indicator still takes into account weather the RSI was below\above middle band before the cross. The modification I've inserted requires that the RSI will be below\above middle band after the ...

Fozzy Signal Indicator

Use stop loss for protection in case the market moves against you. You can use the high\low of the previous bar or constant 50 pips s\l. Concerning the signals, I suggest you wait for the bar with the signal to close, because the signal can ...

Fozzy Signal Indicator

I noticed that you ignore the Bollinger middle band while determining signals, I think that may be the answer.

Fozzy Signal Indicator