Recent content by richierich1976

Entry at 58803 (pullback to 60sma on 15 minute chart). Out at 5853.

news at 8am. I'd be locking in profits before that although the way price has gone, the news should be good :)

Long at 5867. Still going to use the FMT stop

Thanks for the response. I guess BE trading is a valid solution to trying to minimise risk but also let the trade breathe. Hasn't proven to be successful in the last two days but is a suitable strategy for those that can't be stuck to the screen between 06:30 and 08:30 to micro manage the trade

Congrats!! more pips in the bank. You mentioned previously about CCI being above 200 for longs then look to vacate. Was that your reason this morning? It seemed to work ;)

Hi Gil, Did you enter at your 60ma and 1.5900? many reasons to enter there :cheesy:

Shame as moving stop to entry would have given you a risk free trade to play the seesaw

At 58195 you can get stop to entry before hitting support at 5800 again

would wait for a close below 5800 before jumping in... if at all

Thanks for the response. Just looking at getting a better risk reward that 1:1

Hi Mark, Have you tested the system using a stop of say 20 pips? and why the 40 pip stop and 40 pip target?

could do with breaking 1.5788. My break even level would be 5783

Congratulations on your win :) My 62 fib is at 1.5729. Overnight support was at the 15720 to 15725 area. Mark's back testing results are impressive and so far very profitable but am just trying to apply some of my little knowledge to increase my chances. I normally only trade from the 4 hour...

For the reasons explained above. I wanted to put my stop loss behind 1.5700 plus 5 pips plus the spread and also I wanted my target to be within 10 pips of my daily pivot so that I could take some profit if price couldn't break it. if I miss it, I miss it. The signal will present itself again...

Thanks for the advice. my entry was at 1.5732 and my target was 1.5772 so it has been. It may stall at the 1.5767 area which I have as a daily pivot on my chart