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booker66 replied May 16, 2010mushwedu .... seatlerust . have you anycharts to illustrate your new strategies .. would be interested in checking them out .. cheers booker.
No Brainer Trades
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booker66 replied May 16, 2010hi,you can use a 2 parameter Psar .. i looked on mt4 platform .. they are step...0.03 maximum..0.2 ... gives the same result .example below .... hope that helps . image image
Booker66 4hr strategy
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booker66 replied May 14, 2010its friday ... take the money and run time ... image
Booker66 4hr strategy
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booker66 replied May 14, 2010broke down to the 82 but didnt take the trade as was asleep ... also in hindsight the entry looks a bit untidy .. image
Booker66 4hr strategy
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booker66 replied May 14, 2010eventually pulled back but below the 20ema so not risking it ... image
Booker66 4hr strategy
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booker66 replied May 14, 2010nice to see some action again .. as your talking about less time consuming strategies based on brv style setups .. ive got one where i only check the charts every 4 hrs for possible setups . i use it aswell as the brv method . its based on price ...
No Brainer Trades
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booker66 replied May 14, 2010usdcad4hr — this is the kind of risk /reward trade i like .. price moved up through 20ema... 5ema cross .. good rr candle not to big..parabolic sar green .. nice pullback to S/R .. THE PERFECT SET UP . entry 1.0225 risk 22pips profit ...
Booker66 4hr strategy
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booker66 replied May 13, 2010audjpy4hr — aud/jpy looks in a bit of a range ... looking at a possible move down to 82.00 if it break s the 83 level .....will wait for potential pullback to 83 ... if r/r set up ok . image
Booker66 4hr strategy
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booker66 replied May 13, 2010eurgbp4hr — hi, possible trade , price broken up through the 20ema ... 5ema about to cross .. price has pulled back to 50% of candle .. but i prefer s/r level 0.8543 for entry ... parabolic sar green . have wait to see if it pullsback to entry ...
Booker66 4hr strategy
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booker66 replied May 12, 2010nzdusd4hr — trade got to 87 pips profit ... then a massive pin bar turnaround .. broke even . image
Booker66 4hr strategy
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booker66 replied May 11, 2010nzdusd4hr — thought this looked a good risk/reward entry ... although has rebounded a bit ... will have to see ... entry 7190 off s/r level stop at 7223 (33 pips) profit target 7070(120 pips )and break even point at 62% retracement at 7155.. ...
Booker66 4hr strategy
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booker66 replied May 11, 2010[quote=chazbo 3071;3713904]EUR/JPY short with 50% candle retracement.[/quote looked like a good entry ... what was the outcome chazbo .
Booker66 4hr strategy
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booker66 replied May 11, 2010hi , theres some conditions that are unfavourable for this trading .. a volitile market with big whippy candles moving back and through the 20ema make finding a suitable entry with the right risk/reward a lot harder .. i try to keep my risk to ...
Booker66 4hr strategy
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booker66 replied May 10, 2010yeh .. the 76% fibb generally provides some resistance .. thats why i use it as break even point most of the time .. be interesting to see if it breaks through or rebounds .
Booker66 4hr strategy
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booker66 replied May 10, 2010Thanks for your response, Booker. When using 50% candle retracement, are you using the overall length of candle (wick to wick) or just the body of the candle? Also, if the next candle does not trigger your entry order, do you remove the order or do ...
Booker66 4hr strategy
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booker66 replied May 10, 2010USDJPY 4 hour — hey chazbo .. thanks for the chart . i didnt take this trade .. so this is in hindsight .. but this is how i saw it ...bearing in mind we have had a massive dive so not sure how much legs this would have .. but we have a nice ...
Booker66 4hr strategy
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booker66 replied May 10, 2010thanks guys for all the questions .. to be honest i wasnt expecting any interest .. ill try to reply asap but the joys of fulltime employment and a demanding 4yr old are making my partime trading strategy a no time trading strategy at the present ...
Booker66 4hr strategy
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booker66 replied May 10, 2010hello chazbo .. yes i guess there limit orders .. at my spreadbet firm they dont call them that , its just an order ....above or below . i think a lot of people trade off pullbacks to emas ... but i personally prefer a pullback to s/r areas as its a ...
Booker66 4hr strategy
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booker66 replied May 9, 2010hi flamenco ... cant help you with that ..the ema colours were just an option on the software i use , not an uploaded indicator .
Booker66 4hr strategy