Just hit the first target guys! +35 or +40, whichever one you picked. Now move stops to BE. A lot of BE stops get hit, but we know now we are making at least 7 pips. How do I get that? +35 on 20% with a BE stop, is like +7 (35/5) or (35/20%), same ...

Milking The Cable Trend

I noticed the same thing Jey, I will be researching this back for months over the weekend.

Milking The Cable Trend

ps on the long trade. I entered some at 1.6606, as it broke the last candles high.. We are currently 25 from the pips from the 34 and less than 40 pips from the last high. In other words, we have to exceed the previous high to take a small profit ...

Milking The Cable Trend

Keith, If you are talking about the short, yes I did exactly the same. We have to manage our money so that a few losers dont take us financially or emotionally out of the game. Eventually there will be a long run of hundreds of pips. As a beginner, ...

Milking The Cable Trend

[quote=cspip;3166590]How did you get a 90min chart on MT? [/quo Thought you'd never ask!! Here it is with some instructions: Open a 4hr chart of GU and attach the period converter to it Allow DLL imports (on the COMMON TAB) Set period ...

Milking The Cable Trend

Good question Charvo, I wish I had, I would have made even more. My max was over 220 pips and I took off a bit more than half along the way. The answer is that I want to follow my hour system. But the 90 min just gave a great entry signal. It took a ...

Milking The Cable Trend

Haha, You got it Bob. Sometimes the hour chart is too choppy and confusing, and I like to go to the 90 min, which is very often more clear. No matter what rules you post, you can do better by watching price action. Since my last post, the market has ...

Milking The Cable Trend

Here's a good one for you! I just entered this one about 90 mins ago. See that doji I circled? When these happen near the 34sma, and when the next candle reverses the direction of the 3ema, and we have a nice long wick, then this is one of my ...

Milking The Cable Trend

Hmm, For me the basic rules are clearly posted in Post #1 But I must be doing something wrong, as more than one of you keeps asking. So: 1. Load my template on to an hour chart. 2. When the gold 3ema crosses the black 34 sma on a completed candle, ...

Milking The Cable Trend

Part B is explained in post #33, with more details in post #59 and #60

Milking The Cable Trend

Hey all, I have posted that I have only gone back 6 months. Well I just for grins went back to last october and look what I found! I'll post the charts below. Oct 8-14th of 08 the system made over 1000 pips just on the A side. Then on Oct 28th ...

Milking The Cable Trend

Now lets go to the 5 min chart and see what happened to the part we are managing like a daytrade. We entered on the red line at 1.5979 short. I like to have a 20-25 pip stop at first, when up 12 pips I go to BE and trail by 18. When I hit +20, I ...

Milking The Cable Trend

This is really a continuation of post #33, and I will address my money management on what I call the daytrades. If you have a question please read post #33 first. I will be looking at the two trades posted there. So here are two close ups of the ...

Milking The Cable Trend

This question has been asked a lot, so perhaps I have not been clear. Read the first post (I will rewrite it soon)_about taking off small chunks as we go. We are waiting for the 34sma to curl up to be 40 or more pips above out entry. We are wanting ...

Milking The Cable Trend

Thanks a lot! Are there instructions? HEY EVERYONE: I keep updating my trade on post #49, hopefully to make it easier to follow than scattered over the thread.

Milking The Cable Trend

I was stopped at BE, see post #38. So now Im entering a sell stop at 1.6303 and a buy stop at 1.6351 edit #1 wow that was fast! Buy stop filled at 6351 edit #2: hit first target @ 1.6388, +35, leary of moving stop to BE, so watching it.... edit #3: ...

Milking The Cable Trend

EEzy, Go back over the last two weeks and see how the system made over 850 pips in three trades! If we "tread water" with some losers and small winners for two weeks, and then hit some runs is it worth it? So it's kind of a semi mechanical system ...

Milking The Cable Trend

I shorted them both tonight by my system. GJ hit the first target. G/chf hit two targets, E/j is still going sideways. BTW, I really like the black and white on your awesome. How do you do that? Also, I'm still trying to get to the deeper ...

Milking The Cable Trend

OK, just download my template to where you can find it like desktop. Then go to program files and look for your platform. For example, I have FXDD, so program files/FXDD metatrader/templates. Just copy it in, then shut down your platform and bring ...

Milking The Cable Trend

Thanks Ezzy, I need to know about the big picture more. What I like to do is take every cross, but sometimes I take 1/2 my size if I have a good reason. If I take every cross, I will always have a good entry and never miss a good move.

Milking The Cable Trend