Have a think about it.
Smaller stop means more stopouts.
Higher target means less chance of reaching that level versus the cost of tighter stop getting hit.
Plot your ATR and see how much fluctuation of price affects your trade.:smart:
Easy,aye?
bluedancer
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wow that was quick, a good 42 pips for me.... today it's my love, not just a happy smile!
bu$y $ignal
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right 40tp sleep time..
suresh3101
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40 pips in the kitty in no time..
gr8 start to the week..
Cheers!!
gr8 start to the week..
Cheers!!
I really like FMT, but I just don't understand how it works. Before I bought this system, I never believed in any lagging indicators. I wonder what it is about indicator1 and indicator2 that make this system so uncanny and accurate? And more importantly how long is this going to last? What happens when markets return to pre-2007 patterns? ... Maybe I'm just paranoid because this is one of the best systems I have seen.
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In my opinion, it is important to equip oneself with a good foundation in technical analysis to fall back on. Although, FMT is one of the best system, I would still use my own discretion to enter a trade based on what I know.
According to backtests this will also work but obviously there is a change in risk/reward and you cannot cover 1 loss with 1 profit, but 2010 backtests looks good enough..
bluedancer
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Had I been using this system pre 2007 I would have been using it with a regular breakout strategy, possibly at a slightly different time. I would also do my usual analysis with trendline S & R, bollinger, macd, stoch and rsi, basically whatever technical analysis I was good with at the time. Pre-London breakout has been a trade I have done for over 6 years. There have been a few others who put together various strategies to trade this move. Fmt works great now and as we trade it we will be more familiar with nuances of this move, as it changes we will track it. Even now I am not depending on the signal, because like you I do not understand the indicators used here. So I am studying ones that I do understand and see how they show up at this time of day. That's what I suggest. Add something that you do understand and research how it corresponds to this trade move. You need to build your confidence.
~ Blue ~ Happy as the Sky
bluedancer
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then maybe everyone needs to go edit their responses and delete that info, along with the original poster. thanks.
No, both indicators were below 0, 100, ?
A typical 'short' trade signal... not sure if you understand the indicators ?..
No, both indicators were below 0, 100, ?
A typical 'short' trade signal... not sure if you understand the indicators ?..
All the information is on pages 17 and 18 of the manual - download it from the FMT site
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