Another thing that springs to mind is the widening of spreads around news time. Currently backtesting a NFP day and i was already in a trade well before it took off, but i trade with Oanda and i know that they can widen their spread up to 15-20 pips ...

GBP/USD hourly fib scalp ideas

Thexder, I was just wondering how far behind the swing points you place your stop loss. I am currently working with 1 pip behind the swing but it is quite often that we see price come right up to the pip of the swing before reversing back again. ...

GBP/USD hourly fib scalp ideas

Nice work Thexder, i am really enjoying all this. I am probably going to test at least a years worth of data to see if this really works and i will publish all of my results. If it can produce the kind of results we have got consistently then this ...

GBP/USD hourly fib scalp ideas

Nice one Thexder, sounds like you are really putting in the work. I have just completed my first months backtesting for August 2007 using the 1 hour scalping method and trailing the stops behind the 1 min chart. Performing the backtesting really ...

GBP/USD hourly fib scalp ideas

Yes fair enough Thexder. I understand it will be very laborious, but a few price alarms to inform of you of when trades are triggered should help a little, but yes, you need to keep an eye on things. Will be interested in seeing what you come up ...

GBP/USD hourly fib scalp ideas

Thanks Thexder for the quick reply. I will post my August results when they are done and then progress to September. Just out of interest, why are you not trading your 1hr scalping method with the 1min trail? I thought it was working well for you? ...

GBP/USD hourly fib scalp ideas

Thexder, Here is my intial document as mentioned in the private message. Steve

GBP/USD hourly fib scalp ideas

Ok, so you look to see what $/Yen is doing and cable. If cable is stagnant and $Yen is going down then Geppy will usually follow down, and vice versa. If both are travelling in the same direction then Geppy will fly in that direction, even better? ...

Intra Day Yen - Naked

Would you elaborate on that a little when you get a chance. Like the trade this morning, where would you have bailed if it had turned on you? You seem to be letting them run, like yesteday, 180 pips.

Intra Day Yen - Naked

Belekas, you seem to be raking in those pips. Do you just shoot for the T1 area once in a trade or do you trail behind swing points? Is your stop behind the opposite AL line? Just wondered how you manage the trade once you are in it? Steve

Intra Day Yen - Naked

Nicely aided along there by those ISM figures. The beast and cable hit T2, bugger those brokers who stopped me out earlier on the beast!!! LOL

Intra Day Yen - Naked

Thanks for the quick response Islander. That all makes sense. A quick review of the trade you took. I took more or less the same earlier but this was off the 15 but was stopped out at BE. I am now long on cable and have moved my stop up to BE on ...

Intra Day Yen - Naked

Hi guys, My first post in this thread and i must say, its a great thread you started here Islander, well done. I have a couple of questions with regards to stop placement and trailing stops? When you take an entry when price comes out of the DZ ...

Intra Day Yen - Naked

I was also wondering about what you said about channels etc. If price is in a down channel then i am assuming that you will only take short signals from the stochs, unless it is at the base of the channel and has plenty of room to travel back up? If ...

TEB sytstem

Hey Teb, When you are taking final profit from the 14,3,3 on the 240, do you wait for a cross or simply the faster line to point in the opposite direction as your signal to get out? For example, if you were long, would you wait for a cross or wait ...

TEB sytstem

Well, that pin is now invalid anyway, and the long goes on. Good luck to all those aboard, its looking good! A couple of other trades i am in: USD/DKK: Break of 4 hour pin, although this was not broken on the next bar, price did fail to break much ...

james16 Chart Thread

I missed the entry on that daily pin this morning but we have an opposing pin on the 240 at a great location. Daily pins do take precedence over 4 hour pins, but i will short this if it breaks. This is a nice confluence area with a price pivot zone, ...

james16 Chart Thread

Mike, Why is it necessary to use an ECN? Is it due to the advantageous spread that you get, which you need for this sort of strategy, or is it that you can see the amount of orders coming in to the system, which is unavailable through a retail ...

Any use for stop hunting?