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Forex Never Lose Trade Manual


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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.

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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.

[spoiler:26ukmy10]Never trust, never fear, never beg[/spoiler:26ukmy10]
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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?

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Re: Forex Never Lose Trade Manual

 

Nice explaniton - thx Yarman... was wondering myself ... to wait for candle 0901-0915 that came to end or ... now you cleared it. :-bd

 

I noticed that if difference between hi and low (from 0701 till 0900) is too big, than you can't espect a lot from that day.

But if difference is 60 pips or smaller, than it shoul be nice profits.

 

30 pips for me today. :D

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Re: Forex Never Lose Trade Manual

 

Thanks very much save2009 for this precious indicator ;)

Is there indocator from the author of this method or not ?

 

On the parameters, what is "Margin" and "Offset" ?

 

When we enter to the market, how do you use the three TP ?

 

@Remington : why 30 pips and not 45 ? You have close the order at the second target ? How do you close the order ? With trailing stop ?

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Re: Forex Never Lose Trade Manual

 

My goal was to make 30 pips ... after that I closed 2/3 an order. The other third i made trailing stop with 25 pips but i closed it manualy (i was at comp) - and make another 70 (30+40) pips. :D

 

There is a hint how to trade three TP.

By first TP you close half an order, other half you can make break even or trailing stop or close it manualy when it reach desired TP.

 

Regards,

 

REM

 

P.S.: IMO Margin is spread. And with offset you can move text horizontaly.

 

P.S.1.: About entering a market - read Yarmans post on previous page. You enter when candle after 9:00 breaks hi or low.

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Re: Forex Never Lose Trade Manual

 

Thank you for this info Remington ;)

I use Quik Trailing by Quiksilver I think it's a good trailing EA for this system ;)

 

But I've questions :

 

The high and low must be between the 9 candles or only between 12H15 (GMT) and 13H45 (GMT) ?

When we read the doc, the high or the low are never take on the 12H or 14H (GMT) candle but only between 12H15 and 13H45 (GMT) candle !

And he take trade when the 14H00 (GMT) candle appears...

 

Me I think the high and low is between the 9 candles and that we can open a trade ONLY from the 14H15 (GMT) candle !

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Re: Forex Never Lose Trade Manual

 

Newyorkbox indy is making hi and low on all 9 candles (7:00 till 9:15).

I think practice will show which setting is best for that system.

If you would put yesterday hi and low only on 8 candles - you would be hited by 9 candle - SL on bottom. It turned than up ... and again nice pips till tp1 or some more. :)

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Re: Forex Never Lose Trade Manual

 

Yes ok it's that so... Hi and low between the 9 candles and take trade from 9:15 :)

 

Here is my results for today with EA trailing by Quiksilver :

Sell zone @ 1.61902

Buy zone @ 1.62438

 

86897670 2010.01.27 08:51 balance Deposit 1 000.00

87000976 2010.01.27 15:15 buy stop 0.36 gbpusd 1.62438 0.00000 0.00000 2010.01.27 15:22 1.61946 cancelled

87000626 2010.01.27 15:19 sell 0.25 gbpusd 1.61902 1.62102 1.60902 2010.01.27 17:03 1.61799 0.00 0.00 0.00 18.35

87025416 2010.01.27 15:19 sell 0.11 gbpusd 1.61902 1.61902 1.60902 2010.01.27 19:05 1.61902 0.00 0.00 0.00 0.00

0.00 0.00 0.00 18.35

Closed P/L: 18.35

 

TP : 100 pips

SL : 20 pips

First take profit : 70% @ 10 pips

Trailing stop from 15 pips (step : 5)

 

There is maybe other settings to use but we must try every day, it takes very long time !

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Re: Forex Never Lose Trade Manual

 

No need to any other stuff ... 2 vertical lines at 7 and 9 EST, and than two horizontal lines on top and bottom ... hi is buy stop, low is sell stop, hi is sl for short, low is sl for long. TP 10 pips or more. That's it.

 

Indys helping you:

newyorkbox (my favorite), ant_GUBreakout, jason-breakout-box-v3, ...

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