You do make some great points, realjumper. I will certainly be giving this more thought. Perhaps I should think about finding levels that are far enough away to place stops at -- like you suggest -- in the rare event there is some freak-of-nature ...

Most important question to ask before trading

The market can definitely move very quickly in a period of a few minutes. But I have concluded that those sharp, drastic, and seemingly unpredictable moves often occur before and after a big news event. That is why I try not to trade around news. ...

Most important question to ask before trading

Glad I got out there at the top

Geppy's Geppy Thread (GBP/JPY)

Not if you're a daytrader like me! I don't dismiss anything... ever! Heck, where do you think trends come from? They don't just magically appear out of thin air, do they? My point is that they have to start somewhere...

Geppy's Geppy Thread (GBP/JPY)

I've also got another idea that goes well beyond the scope of what you are talking about here. Won't get into the details, but it involves developing an entirely new piece of trading software... something like the market has never seen before. I ...

Forming a Private think tank

No problem Cindy. I'm very passionate about this stuff and I figure having to talk about or analyze it day in, day out would only help my understanding of things. With that said, the ONLY currency pair I trade is GBP/JPY, and I do not track other ...

Forming a Private think tank

Some weird things going on here on 5M... But I believe the correct term for it is "SHAKEOUT"

Geppy's Geppy Thread (GBP/JPY)

Long now. Consolidation = Bullish = Resumption of trend

Geppy's Geppy Thread (GBP/JPY)

Very interesting thread and awesome system you got here! Thanks for sharing I don't know much about your approach yet, but I may be using one very similar to yours without all the fancy schmancy stuff. I can understand why you use it, and I agree ...

Navarra System

Hi guys, This is my first post here! I saw the name of this thread and couldn't pass it up since I'm a daytrader that scalps with HIGH leverage as well!!! Was just wondering, how many of you are having success here / using this strategy / scalping ...

Daytrading/scalping with high leverage - my proven strategy

I'm going to disagree with the above two posts. I'm a daytrader and I don't use a SL -- I believe they are my arch enemy. My view is that if you are trading and don't have the ability to keep an eye on the markets, well, then you probably shouldn't ...

Most important question to ask before trading

I'm not buying this bearish argument for GBP/JPY. I think GJ could pullback to around 150.20, at which point I'll look to become a buyer again. It's pretty clear to me that a base is in both at 147 and 150. I think shorts that loaded up at 151.30 ...

Geppy's Geppy Thread (GBP/JPY)

This is the truth. Learn this one point and you will be on your way to trading success.

Most important question to ask before trading

^^^

Most important question to ask before trading

The question I ask is: "If I were to enter the market now, how much could it potentially go against me?!"

Most important question to ask before trading

I am working on an EA too. I haven't checked your code (yet), but I think your idea to trade 4H charts placing buy and sell stop orders is a good idea and can work, if coded properly and based on correct principles like support and resistance or ...

4HR Candle EA

Thanks dude! I was thinking the same thing recently. PS: I sent you a PM I've been preparing some thoughts and I think I'm going to share my system with everyone this weekend. I've got a lot of notes to write up, so it will take some time, but ...

Geppy's Geppy Thread (GBP/JPY)

I'm pretty sure this is the point 'goods' is trying to make. I love this statement and think it is so true. This is the #1 thing that I'm still trying to work on!

The Answer: Get stopped out then trade goes in your direction

I understand your points Mpt, but I'm with Fx3422271 on this one. I personally feel like the correction is now over with (I am referring to GJ specifically, but it probably would relate to all yen pairs too), and I feel like the sharp move up from ...

Geppy's Geppy Thread (GBP/JPY)