Richard Hill Forex Net Trap

wendy12345 said:
I agree, the only negative month I have had with Net Trap was Feb (when the whole Greece thing blew up) and Richard Hill advises caution when things are really volatile. I go by the rule that if forex stuff is headline news the night before I should probably not be trading. I did 1/4 stake today but should have stayed out. I'm going to see what R Hill says in his update, but prob not trade (other than paper) until things get quiter. The political mess at the mo can't help either.
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no advice either way from the update this afternoon. There has been better news on the Greek bail out, no news from our glorious would be leaders...how times have changed, they're having coffees and muffins, and not beer and sandwiches:rolleyes:
 
BigBrassBalls said:
Very true :)

Slow but sure is the name of this game!
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#


I have tried many systems, and for the amount of work required this system has produced some good stats over a monthly base with only one month being a losing month. I have been trading this system for over 7 months now. But i agree it wasn’t as volatile as it is right now, and i haven’t seen as many stops being hit
 
Overall most people seem to be making a profit using this system, i'm sure I will too once this mess sorts itself out! Great system though, fits my routine perfect just before going to work!
 
Hey guys,

Haven't used this account for years but just bought Richard's system.

This thread is encouraging reading but I seem to have been caught up in the 'news'. Traded this morning for the first time and got stopped out which I suppose is the name of the game.

It is a looooooong time since I traded forex so I hope things pick up.

What is the general opinion here? Are people going to miss out the next few days or keep trading?

Personally I think I may keep trading

Colin
 
n15ksh said:
pseudo straddle - thanks for the reply, if the signal was a sell mode then would i be looking at the ask price? or is the bid price what you look at all times?

Thanks
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When you sell, use the bid price and when you buy, you use the ask price which includes the spread. There is no spread when you sell but you will have to pay it at the end of the trade, when you buy back at the ask price.

Hope this clarifies it for you

By the way...I'm a sore loser - when it comes to money anyway! I haven't traded for a couple of weeks now - having withdrawals...! But this game is all about patience, if you don't have that you won't last very long... I won't be trading until this country's politics are back on track :whistling

TH;)
 
What is the general opinion here? Are people going to miss out the next few days or keep trading?
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Do realise that the week you decide to stop trading it is the same week the system will hit it's biggest winning streak ;)
 
Shorted GBPUSD AT 1.4822 ; T/P done at 1.4772
Finally +50 Pips
Total since I started last week: -40 pips
 
u r confused your last entry was "Long GBPUSD @ 1.4880"

Yesterday, 6:11am #572 bombettor In the trade today, Long GBPUSD @ 1.4880
Today, 6:11am #592 bombettor Shorted GBPUSD AT 1.4822 ; T/P done at 1.4772
 
bombettor said:
Shorted GBPUSD AT 1.4822 ; T/P done at 1.4772
Finally +50 Pips
Total since I started last week: -40 pips
Click to expand...

Curious about your entry point bomb... mine was at 1.4814 (n)

Now, I did the math then IG took another 3 down from that to reach that number. Am I doing something wrong? Unfortunately my position is still open
 
purepest, what low do you see on the signal candle?
Mine was 1.4824 on Exness broker.
So, had kept an order to sell 2 pips lower at 1.4822.
 
Re: u r confused your last entry was "Long GBPUSD @ 1.4880"

pssonice said:
Yesterday, 6:11am #572 bombettor In the trade today, Long GBPUSD @ 1.4880
Today, 6:11am #592 bombettor Shorted GBPUSD AT 1.4822 ; T/P done at 1.4772
Click to expand...

hey.. check the post next t my long entry post, yesterday was stopped out.
today is a new trade which made 50 pips.
 
Today, 6:11am #592 bombettor Shorted GBPUSD AT 1.4822 ; T/P done at 1.4772

your last trade. wrong level or posted NOT in time.
smells bad !
 
who gives a f**k of it semmling bad.. am not advertising any syste.. why'd I care!
Are honest discussions not appreciated in the forum?

~am sorry for using cuss word.. but I feel disgusted!
 
My latest results.

Mon 29th Mar +56 pips (broke the rules a little)
Tue 30th Mar +38 pips
Wed 31st Mar – No trade
Thu 1st Apr - No trade
Fri 2nd Apr +4 pips
(Total +98 pips for the week)

Mon 5th Apr – Holiday – No trade
Tue 6th Apr -30 Pips
Wed 7th Apr – No trade
Thu 8th Apr +50 pips
Fri 9th Apr – No trade
(Total +20 pips for the week)

Mon 12th Apr – No trade
Tue 13th Apr – No trade for me (couldn’t get near a PC)
Wed 14th Apr -30 pips
Thu 15th Apr -30 pips
Fri 16th Apr +50 pips
(Total -10 pips for the week)

Mon 19th Apr -30 Pips
Tue 20th Apr – No trade
Wed 21st Apr – No trade
Thu 22nd Apr +22 pips (was late in manually closing out trade)
Fri 23rd Apr +50 pips
(Total +42 pips for the week)

Mon 26th Apr +20 pips (Buy 1.5471, Sell 1.5491)
Tue 27th Apr – No trade
Wed 28th Apr – No trade
Thu 29th Apr -30 pips (Sell 1.5150, Buy 1.5180)
Fri 30th Apr +50 pips (Buy 1.5331, Sell 1.5381)
(Total +40 pips for the week)

Mon 3rd May – No trade (Bank holiday)
Tue 4th May – No trade
Wed 5th May -30 pips (Sell 1.5132, Buy 1.5162)
Thu 6th May -30 pips (Buy 1.5109 Sell 1.5079
Fri 7th May – Trade placed, sell @ 1.4599, not triggered
(Total -60 pips for the week)

Mon 10th May – No trade (No access to a PC today, just as well, -30 pips today)
Tue 11th May +50 pips (Sell 1.4818, Buy 1.4768)

Regards
DS
 
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