ForexMorningTrade System

[fluegel]

yeah.. yesterday's low and S1

 

[britishbull]

Does anybody see the same resistance as me at 1.5780?
It has been tested four times since the beginning of the trade

Only tested twice for me

There's a stronger support/resistance at 1.5790 I think - it was also support/resistance yesterday morning and the resistance of a flag/pennant pattern on Friday too.

 

[suresh3101]

Sorry to divert from this trade..
Can anyone answer this ? ?
Since christmas and newyear are around the corner,
the markets tend to be flat from dec15th to jan 15th..
Guys wud this FMT system work during that period??
Or we just take a month off??

 

[Fabius]

Sorry to divert from this trade..
Can anyone answer this ? ?
Since christmas and newyear are around the corner,
the markets tend to be flat from dec15th to jan 15th..
Guys wud this FMT system work during that period??
Or we just take a month off??

I have just tested it on MT4's strategy tester.
From December 15 2009 to January 15 2010.
Started with 200 €, finished with 200,01
TP 40 - SL 40 : the basic strategy, 0,1 lots

with the "advanced" one, I finished with 260,39
I attached the two equity line.

 

[Fabius]

259,63€ with 20 SL - 20 TP

 

[britishbull]

I have just tested it on MT4's strategy tester.
From December 15 2009 to January 15 2010.
Started with 200 €, finished with 200,01
TP 40 - SL 40 : the basic strategy, 0,1 lots

with the "advanced" one, I finished with 260,39
I attached the two equity line.

Cool - nice work Fabius

Looks like today will be another tedious trade for us all lasting several hours...

I'm off out in half hour so will have to just leave the EA and the stops/limits to look after themselves - wish me luck :clover:

 

[Fabius]

Fasten your seatbelt: news approaching...

 

[Fabius]

SL hit at 1.5808

2 pips gain

 

[Mario Loops]

SL hit at 1.5808

2 pips gain

sorry guys i bought off the low 50pts

 

[Fabius]

I tempted to put a pending order, 5 minutes before the news, toward the other side 10 pips far from the price but the platform suddenly stop working and I wasn't able neither to put the buy stop order nor to put the SL closer to the price

 

[Mario Loops]

I tempted to put a pending order, 5 minutes before the news, toward the other side 10 pips far from the price but the platform suddenly stop working and I wasn't able neither to put the buy stop order nor to put the SL closer to the price

Those dodgy brokers again

 

[aheart]

Another break even trade here.

 

[britishbull]

break even here too

 

[GilR]

I think I mentioned It would head towards 5820 before heading south hopefully

 

[Fabius]

What about locking in some profits by closing half position few minutes before the news and let the other part run?
Or putting the SL closer to save part of the gain made till that moment...

 

[Fabius]

I think I mentioned It would head towards 5820 before heading south hopefully

I have a déjà vu...

 

[red_dates]

I am still holding on to my trade with the original strategy(TP 40 and SL 40).

 

[GilR]

I have a déjà vu...

What is even better is the better entry. That is the benefit of manual trading.

I was listening to an EA programmer who in essence said that good manual systems seldom make good EA's ... hmm

 

[Mario Loops]

I think I mentioned It would head towards 5820 before heading south hopefully

Did you get in Gil

 

[jacquespienaar]

Try these http://www.smartlivemarkets.co.uk/ they will accept clients from South Africa.

Thanks - will check it out. Are you using them and what is the minimum deposit for a micro account?