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stevepatt replied Mar 2, 2013Hi Xhale, When I talk about the big picture I mean the higher TFs trend. As far as where the movers and shakers have their orders waiting to be filled, like with most people it would be an educated guess at best.
Another simple system - Time-Frame 15
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stevepatt replied Mar 1, 2013Once you start to see the the BIG PICTURE the easier it gets. Concentrate on the 4h charts and above the lower TFs take care of themselves. This trade was taken from the 4h chart I don't care that the 15m chart is trending down it's the BIG PICTURE ...
Another simple system - Time-Frame 15
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stevepatt replied Mar 1, 2013Hi Emmanuel, Thanks for this I found it very useful especially the to read article. After nearly 2.5 years of forex studying and trading I'm beginning to see the wood for the trees. How often have you been in a trade where you exit your full ...
Another simple system - Time-Frame 15
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stevepatt replied Mar 1, 2013Hi Vnfx, Keep an eye on the low from the 27th Feb for your TP don't try pushing it further. I've been Short on this pair since 15.00 GMT 22nd Feb following 4h charts. it might help you if you watch the 4h charts for trend the 1h for setup and 15m to ...
Trading journal of LE1 methods
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stevepatt replied Mar 1, 2013Update USD/CAD trade is working to plan market came back to test weekly trend line and then continued north. I've set a target of 350 pips (1.75R) on the remaining 25% still in this trade. The 1.75R is in addition to the 1.5R I have already taken on ...
Mechanical Trading - Is it possible?
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stevepatt replied Mar 1, 2013Haven't had time to post, but took another short trade on EUR/GBP, yesterday 28th Feb, the setup was looking much better with a LL being made at 0.86780. Things where looking good until GBP Manufacturing PMI came out at 9.30am GMT and we have had a ...
Mechanical Trading - Is it possible?
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stevepatt replied Feb 28, 2013Hi Vnfx, Have you looked at, maybe, taking 50% TP when you reach 1R and move your SL to BE +1 and then allow the remaining 50% to run to your TP level. By doing this you would at least be taking something out of the trade. Good luck with your future ...
Trading journal of LE1 methods
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stevepatt replied Feb 28, 2013By watching the 4h charts for trend and 1h charts for setups we would be able to see these candle patterns a lot easier than trying to spot them on the 15m TF. We only need to look at the 15m TF when we're looking to trigger a trade which is in sync ...
Another simple system - Time-Frame 15
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stevepatt replied Feb 27, 2013Update USD/CAD trade has broken a weekly trend line that goes back to Sep 2011 I'm expecting it to test this line before hopefully continuing going north. There is still plenty of room to the the upside. AUD/USD trade has broken through a Demand ...
Mechanical Trading - Is it possible?
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stevepatt replied Feb 27, 2013Hi jnkarlos, The BB MACD Inputs are (Fast Len 133) (Slow Len 244) (Length 21) (St Dv 1.1) The SuperTrend Inputs are (CCIPeriod 50) (Old Calculation false) (MAPeriod 50) (MAMethod 2) (MAPrice 0) (ShowMA false) The AllAverages v2.1 Inputs are ...
Mechanical Trading - Is it possible?
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stevepatt replied Feb 27, 2013Update EUR/GBP hit it's SL of 50 pips (1R) Hindsight is a great thing but this really wasn't a good trade, even when it comes to mechanical trading it takes some common sense. It might well be better to keep trading with the trend.
Mechanical Trading - Is it possible?
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stevepatt replied Feb 26, 2013Hi Deotoknow, My SL is at 1.01550 which has locked in 130 pips for the remaining 25% that is running on this trade. Yes the EA can be used on a live account I'm testing on the demo account to make sure it runs ok. I enter all my trades manually and ...
Mechanical Trading - Is it possible?
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stevepatt replied Feb 26, 2013Hi Keroro, I think you'll find you will be better of sticking to 4h and daily charts for trading, that way news releases don't have such an high impact. It might be interesting for you to go back over your trade history to see which TFs bring in the ...
Start of my journey towards profitable trading with PA
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stevepatt replied Feb 26, 2013Update. AUD/USD Has hit 50 and 100 pip targets. I don't know what happened but a TP was also triggered for 61.9 pips; I think what, possibly, triggered the close was me shutting my platform down and then opening it again. I must remember not to ...
Mechanical Trading - Is it possible?
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stevepatt replied Feb 26, 2013Hi Yabab, Your right it is Gold and not Red the reason I took this trade was the setup candle rejected the 50 SmoothMA and we are in a good down trend at the moment.
Mechanical Trading - Is it possible?
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stevepatt replied Feb 26, 2013Hi Raspie, That's always a good way to trade, catch the BIG 4h trend and fine tune entry on the 15m.
Mechanical Trading - Is it possible?
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stevepatt replied Feb 26, 2013Just entered a new trade on EUR/GBP, it's a late entry but PA is looking promising.
Mechanical Trading - Is it possible?
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stevepatt replied Feb 26, 2013This is a good place to start looking at 4h trading, I learned a lot from Eelfranz, url . I have found Arjun's system works well with 4h charts either entering straight from a 4h chart or dropping down to the 15m TF to get a better entry. We all ...
Another simple system - Time-Frame 15
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stevepatt replied Feb 26, 2013Hi Emmanuel, I started out in Forex two years ago by following Eelfranz thread, trading the 4h TF, he taught me a lot; it was very sad that he passed away recently. Since those days I moved on to trading lower TFs, mostly 5m and 15m, with varying ...
Another simple system - Time-Frame 15
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stevepatt replied Feb 26, 2013Hi Keroro, Nice work, good luck with your trading.
Start of my journey towards profitable trading with PA