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- Pipsninja replied Jan 5, 2012
Great questions pedross. I guess, I wasn't very clear on my explanation. I am going to fix my original post. If AJ short is the strongest in profit then I short it and if AU long shows the greatest loss then I short AU. In this case 2 shorts. I ...
Pitbull Trader with Position Building
- Pipsninja replied Jan 5, 2012
PO= Pending Order BE= Breakeven Hedge= Open order on opposite direction, same lot size. Please keep in mind that this method isn't newbie friendly but with many months of demo trading you can learn to trade this method. Just my 2 cents.
Pitbull Trader with Position Building
- Pipsninja replied Jan 5, 2012
I am glad that chips has started this Thread. I have traded this method on demo for the last few months and all of my directional trades as a whole have been closed in profit which I think has a lot to do with the thin market as of late and I only ...
Pitbull Trader with Position Building
- Pipsninja replied Dec 23, 2011
Merry Christmas and Happy New Year to you as well Peter. Thank you for sharing your hard work with us and working hard to improve it. We appreciate it and look forward to a pipfull 2012.
Fratelli Intraday trading system
- Pipsninja replied Dec 15, 2011
Thanks for taking the time and sharing your findings with us Whitespire. Please check out page 206, post #3082 by MickeyMouse.
Fratelli Intraday trading system
- Pipsninja replied Dec 14, 2011
I just wanted to thank X-Man for sharing his system with us, he has done his best to help everybody. Newbies check this thread and see the potential of making 1000s of pips per month. They dive right in hoping to get a piece of this pie of pips. ...
X-Man's Super Simple System
- Pipsninja replied Dec 14, 2011
I think that Mickey was going to discuss his back test of this system showing bad results with Peter and they would inform us of their findings. No word since, I am still keeping an eye on this system but no live trading.
Fratelli Intraday trading system
- Pipsninja replied Dec 14, 2011
Hi robthorp, I understand your confusion and maybe I am partly to blame. I am just talking about trading in a ranging market because this system is difficult to trade for noobies in ranging markets.
X-Man's Super Simple System
- Pipsninja replied Dec 14, 2011
I am using regular candles and not synergy candles on my 15M charts. I had my upper level at 1.3053. Now my upper level is adjusted to 1.3064 and my lower level to 1.3003.
X-Man's Super Simple System
- Pipsninja replied Dec 14, 2011
Please wait for candle close before you enter hale-mary. When market is ranging, I use 15M charts and the range box to trade within the range or break out of the range.
X-Man's Super Simple System
- Pipsninja replied Dec 14, 2011
Yes, PA tried to break upper level but is getting rejected. I consider this a reversal on 15M. Just my 2 cents.
X-Man's Super Simple System
- Pipsninja replied Dec 14, 2011
I completely understand your frustration hale-mary. There seems to be some trades who get in at the right time every time and they get out right at the very bottom or top before a big reversal for big pips. I am not one of them but hope to be like ...
X-Man's Super Simple System
- Pipsninja replied Dec 14, 2011
hale-mary, when I want to enter on a break of a level. I drop to a lower time frame and see if the candle closes below or above my level or not. The close got to be a strong and way from my level. If I am trading on the H1, then I drop down to 15M ...
X-Man's Super Simple System
- Pipsninja replied Dec 14, 2011
For example, range was 1.3053-1.3015 about 3 candles ago on the 15M chart. Price tried to break the lower level but we got a reversal candle. Enter Long 1.3016....15 to 20 pips TP would have been hit already. Now, we wait to see what type of PA we ...
X-Man's Super Simple System
- Pipsninja replied Dec 14, 2011
There is a lot of wisdom in what SmokeyD has shared here. A reversal bar is valid when it appears after an up or a downtrend. It could be a small or a large trend but there has got to be a clear direction before the pull back bar.
X-Man's Super Simple System
- Pipsninja replied Dec 14, 2011
We have gotten a tighter trading range today 38 pips versus 75 pips yesterday which is a sign of a ranging market. Experienced trades can drop to 15M chart and trade reversal candles for 15-25 pips until market moves. Just check out yesterday's 15M ...
X-Man's Super Simple System
- Pipsninja replied Dec 13, 2011
I am -5 pips for today. Please keep in mind that it is Dec. and the market is going to get harder and harder to trade as we get near the end of the year so make sure that your TP and SL levels are tighter. I am using 20 -25 pips for my target. ...
X-Man's Super Simple System
- Pipsninja replied Dec 13, 2011
Not much activity after news and not much prior to it. Something is brewing. I am out of my short for -5 pips and will wait after US news to make another trade decision.
X-Man's Super Simple System
- Pipsninja replied Dec 13, 2011
Normal broker practice before major news.
X-Man's Super Simple System
- Pipsninja replied Dec 13, 2011
I am short as well @ 1.3181. I have a hard SL of 25 pips, just if we get a news spike. We had a down day yesterday and the retracement up seems to have stalled and S3 gave a short signal.
X-Man's Super Simple System