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The7 replied Aug 8, 2011There is no mistake in the E/U. You can not always win. You will have losers, it is a part of the game. Make sure when you lose, you lose small and win big..
Bread and Butter Trades
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The7 replied Aug 8, 2011Danyjoe, I wrote my opinion about your previous trades. You only had 1 loser with the E/U trade. Your last trade is a valid signal as well. Just make sure to use proper MM. If you do this you will prevail, I promise. My 50 Ema red line works great. ...
Bread and Butter Trades
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The7 replied Aug 8, 2011Sometimes catching a signal late is a good thing. My red line is the 50 Ema, prices loves those lines just as it likes the 24 Ema. Short here with 2 lots, will close 1 lot when it reaches 1 Atr. Update 1 : That was quick. Price hit my 1 Atr, so I ...
Bread and Butter Trades
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The7 replied Aug 8, 2011I have seen many good systems here on FF, being trashed because of EA's. People just turn on the EA, go fishing, come back in a week and look at there results:" Nah, this system doesnt work, look at the results". Ea's are good only when you manage ...
Bread and Butter Trades
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The7 replied Aug 8, 2011Do you really see a losing trade in a trading system as a "Problem"? Dannyjoe's 1st trade (U/C) is a big winner with 80 pips+ and counting. His second chart (U/Chf) turned to be a loser for him because he entered late. I entered the same pair few ...
Bread and Butter Trades
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The7 replied Aug 7, 2011Here is another open trade from last week. Closed 1 lot already, so it is a free trade. +90 pips and counting.
Bread and Butter Trades
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The7 replied Aug 7, 2011Nice setup for the first trade of the week. Entered with 2 lots. Will close 1 lot when it reaches 1 Atr, will let other lot run. Wish a bunch of pips for everyone for this week. Update 1: Price hit my 1 Atr, so I closed 1 lot with +37 pips. I will ...
Bread and Butter Trades
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The7 replied Aug 7, 2011Hi Lawgirl. I am in the same timezone as you which is the Pacific Time. I am very interested in your H1 BO trades. My broker opens it's daily candle at 9 pm PT. Which means I have to enter my trades after midnight. What is your suggestion on that ...
Trade What You See - Almost Naked Trading
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The7 replied Aug 5, 2011It is not the system that has failed. It is a pair ot the Ea that started acting crazy. Thats why I dont trade live with EA's
Bread and Butter Trades
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The7 replied Aug 5, 2011[quote=Sgt.forex;4843605] You dont see the dark side because you not looking at the pair(G/U) he was trading and had multiple losses.
Bread and Butter Trades
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The7 replied Aug 5, 2011The second red line is a 50 Ema. Prices usually respects that line as much it does the 24. It gives me an idea of the overall trend.
Bread and Butter Trades
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The7 replied Aug 4, 2011Hi Ibuks...I do use the Fib tool but the values have nothing to do with the Fib levels. I use Atr for my SL and TP's. With this tool, it is easy to measure distances from Entry to TP or SL. Go to Fib properties, use Level 0-Description Entry, ...
Bread and Butter Trades
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The7 replied Aug 4, 2011Hello Galen. I like to comment on your chart which you claim was a loser on the H4 chart. You could actually make 330 pips with a proper money management. Please take a look at my chart and see for yourself how important MM is. Can you see how ...
Bread and Butter Trades
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The7 replied Aug 4, 2011I customized the fib tool to determine my R;R ratio, which is 2:1
Bread and Butter Trades
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The7 replied Aug 4, 2011My only loss for the day. -20 pips here. I do not enter another trade with the loosing pair for the day.
Bread and Butter Trades
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The7 replied Aug 3, 2011The yen is acting crazy for the last few hours. It is giving you all losses. I would stop the yen for now
Bread and Butter Trades
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The7 replied Aug 3, 2011There will be always spikes. News time or not. I am having better results by using 1 Atr for a SL and 2 X Atr as TP. Waiting for a candle open and close above, below the 24 Ema will bring big losses sometimes.
Bread and Butter Trades