I think you misunderstand me, I am not asking in the vein of trying to predict price movement using candlesticks, only trying to understand how you would trade your system when this scenario happens. I was only asking as a doji represents an open ...

Part Time Wealth Building Trading System - Daily Scalping

TK Are you using a 50 pip sl for the GBPJPY? If so didn't you get stopped out on Friday? My charts show that the price went up 58 pips from the open of the daily candle at 0.00GMT. Also I asked a question on an earlier post about how you trade a ...

Part Time Wealth Building Trading System - Daily Scalping

Hi Tk, Excellent system - I really like it as I can set the orders and let them run whilst I'm working on my own business. If I get chance to glance at them through the day, brilliant - but if not the system just does it's own thing. The 100 pip ...

Part Time Wealth Building Trading System - Daily Scalping

CMC gave the Friday close as 1.9297 (9pm GMT). Therefore entry point for a BUY was 1.9347 and the stop was placed at 1.9317. The trade was entered at 15.00 and so far hasn't been stopped out. Isn't it amazing how having different data providers can ...

Part Time Wealth Building Trading System - Weekly Scalping

Good call Cool - I agree and whilst we're at it, why don't we have a sticky thread with the basic Fozzy method outlined. This would save newbies to the thread having to go through the whole thing to find out the main Fozzy theory and also Willf's ...

The Daily Fozzy Method

tkimble, Another question for you - if you don't mind. On the Sibkis system (which is a similar straddle of the weekly close) they don't trade on Mondays, but instead take the close of Monday/open of Tuesday (i.e. 0.00GMT Tuesday) as the initial ...

Part Time Wealth Building Trading System - Weekly Scalping

I have to agree with you on the SL - from my backtesting it would take a SL of 100 pips to keep you in trades and allow you to catch the big directional moves. Sometimes overnight the market can move quite considerably and it would be horrible to ...

Part Time Wealth Building Trading System - Weekly Scalping

tkimble - question for you. On the 27th November, the cable gapped up over 100 pips from the close of the previous Friday. How would you trade this? Wait for it to pull back or is the trade negated because of the huge gap?

Part Time Wealth Building Trading System - Weekly Scalping

Excellent Strategy! — I have to admit that I quite like the thought of using a trailing stop with this system, I mean who wants to see their account up +100 pips to hand it all back and take a -30 pips. You would need to have an extremely ...

Part Time Wealth Building Trading System - Weekly Scalping

Have you also tried using this with the 4hr filter? Use an RSI 14 on a 4 hr chart as a filter and then only take the trades when this indicator complies with the signals being given on the 1 hour chart. Hopefully this will keep you out of some of ...

Bagovino Method

I've had exactly the same problem. I paid over two weeks ago now, and although I have emailed them several times. I've never had a reply as yet. I think my money is well and truly lost.

I may have been dooped

I'm in the Channel Islands, so I'm on GMT too. My broker is also on GMT - as are the charts I use. It seems that this is where the big difference is - what time your charts are set to can mean you may get a cross showing where as I don't. Can I ask ...

The Daily Fozzy Method

Just having a quick look at my charts, but for some reason they don't appear to confirm these trades. For instance, the GBPAUD crossed on the 12th, but this wouldn't have been confirmed until the end of that day - bearing in mind that a cross isn't ...

The Daily Fozzy Method

I have to say that I've given up with my version of MarkJ's system of trading a straddle around the London open. Even with increasing the straddle from 20 to 22 pips it's still not delivering the sort of reliability or pips that I'm looking for. ...

daily range Strategy

Hi Matt, This may be a silly question - so don't shout at me - but what time (GMT) have you based your open and close on for the figures in the spreadsheet? Jilly

daily range Strategy

Today was another losing trade for the 22 pip straddle of the London open. It broke the straddle at the top and then got whipped out on the BoE Minutes news at 9.30am. That's 3 losing trades and 1 break-even trade in the last 4 trades. So I got to ...

daily range Strategy

Yes, today was another 28 pip loss.

daily range Strategy

Hi Al I believe an EA is to do with MetaTrader, however I'm not sure what it is and as I don't use MetaTrader I can't really help you. Sorry

daily range Strategy

16th November = 20 pip profit 17th November = 28 pip loss 20th November = b/e (15 pips in my direction was hit before it started to retrace, therefore I exited the trade at b/e)

daily range Strategy

Just a thought, but you haven't related the any of the main winning days to news days have you? NFP, CPI GDP etc? I was wondering if on these days you were more/or less likely to have winning trades. Also what about days when there are no news ...

daily range Strategy