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brucebruce

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Posts posted by brucebruce

  1. Re: Forex Shocker

     

    Pipaholic:

     

     

    I'm new to the thread, but I assume your bravery was a result of positive results in the past? If so, what recommendations would you make to a person just starting out with this EA?

     

    When you say two trades, do you typically use only one pair?

  2. Re: Forex Never Lose Trade Manual

     

    Do you mean 1.6183, because the price never went up that high, anyway, always grab what you can and have a hard stop loss but also learn to close trades when they need to be closed, but don't over do it (since it can hurt your wallet) anyway today was a great run, you could have pocketed some nice pips.

     

    Does this technique work on Friday's as well?

  3. Re: Forex Never Lose Trade Manual

     

     

    I usually don't wait for a turnaround i take what i can and when i can. Profit is profit, who cares what it went after that all i care is that i made my daily %.

     

    I see your point - profit is profit.

     

    Today, I made noobie mistake. Following your instructions, I got into buy at 1.6283, but got stopped out. I see the Big Dog System worked, I just need to open stop a little more.

  4. Re: Forex Never Lose Trade Manual

     

    You have to look at the price chart 7 - 9 est 12 - 14 gmt, and isolate only this time range. Than at 14 gmt or 9 est you imagine or draw a line at the highest point in that range and at the lowest point. Than at the high point you place a buy stop and at the lowest point a sell stop (once one of them is hit you close the other one) I would have entered gbp usd short at 1.6303.1 yesterday and lost 20 pips and entered long at 1.63516 today and closed at 25 pips, breaking even from yesterday. There are indicators that will tell you trend of all time frames look for them in the indicator branch of the forums.

    Best of luck.

     

    Thank you for using today as an example - I now see exactly how to set this up...

     

    The million dollar question...

     

    How did you know to get out at 25 pips?

     

    Yarman mentioned setting no TP, but that seems to be where newbies go wrong...hoping the trade continues to go one way and turning a win into a loss.

  5. Re: Forex Never Lose Trade Manual

     

    You must open sell within the low price and vice-versa , but I would recomend you a stop loss of 50 pips and a TP of 100

     

    I have read the manual and looked at the picture from yesterday's losing trade..

     

    Couple of questions:

     

    when you say "open sell within the low price" what does that mean?

     

    Assuming yesterday wasn't holiday, and all trends were in same direction - at what price would you have entered your sell order?

     

    -----

     

    Is there a quick(sure) way to accurately determine the trend of all time frames?

  6. Re: The End of Retail Forex in USA?

     

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    I have Dukascopy as a broker. Glad I'm retiring before any of this mess would take effect, if it does.

     

    Yarman, when you say you're retiring - do you mean retiring from FX trading? If so, why?

     

    Also, do you envision a time when FX minimum requirements will be like those of stock futures?

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