Follow The Bouncing Pip - page 16
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trade on euro worked out ok, I got in a little late @1.3677 and my stop is now moved to 1.3696, so there is 19 locked in and I need some sleep now.
Money management....infinity....
Hi traders,
I know everyone and their mother knows this, but keep in mind most professional traders win only 30 to 50% of the time and make good money because of proper money management. With this system, sure you're gonna get some losers. In the trading industry that's what we call the "cost of doing business." On the other hand, as Bear and FX11 have proven over and over, with proper money management skills and PATIENCE (yes I'm YELLING...especially at ME! lol) you will see your wins far outweigh your losses and your account equity will grow. Sometimes all we can see is our current situation and are not able to grasp the MM concept so that we last in this business for the long haul. Trading is no different than other businesses out their.....95% of people fail at it within the first five years (even shorter with traders). The ones that succeed are the ones who employ good money management. And from what Bear and FX11 have demonstrated, for some time now I might add, is that this method works....one more thing and then I'll get off of my soap box.....KEEP IT SIMPLE SILLY!
Pip Meister
trade on euro worked out ok, I got in a little late @1.3677 and my stop is now moved to 1.3696, so there is 19 locked in and I need some sleep now.
Good job Sparky!
Thanks for sharing your stuff...sleep well!
that is a good results, do you enter the moment you saw the signal appears or wait till the candlestick to close then you enter? big bear enter right away, but if i do it, i might get stop out for eur/jpy which he likes to trade in H1. personally i prefer after the candle closed.
Sorry to all, I have miscalculated my gains here are my trades and official wins and losses. I have made +591 in 3 days
8/7 eur/usd short o:1.3809 c: 1.3756 +53 pips
8/7 eur/jpy short o: 163.86 c:162.86 +100 pips
8/7 chf/jpy short o:99.70 c: 99.26 +44 pips
8/7 gbp/usd short o: 2.0205 c: 2.0220 -25 pips
Total +172
8/8 gbp/usd long o: 2.0183 c: 2.0283 +100
8/8 eur/jpy short o: 164.73 c: 165.20 -47
8/8 usd/jpy short o:119.24 c: 119.54 -30
8/8 gbp/jpy short o: 243.15 c: 243.35 -20
8/8 aud/usd short o:.8616 c: .8636 -20
8/8 usd/jpy short o:119.73 c:119.63 +10
8/8 gbp/jpy short o:243.71 c: 244.01 - 30
8/8 eur/jpy short o: 165.26 c: 165.00 +26
8/8 aud/usd short o: .8612 c: .8642 -30
8/8 nzd/jpy short o: 91.85 c:92.25 -40
8/8 chf/jpy short o: 100.07 c: 99.07 +100
8/8 gbp/jpy short o: 243.37 c: 242.37 +100
Total +119 pips
8/9 nzd/jpy short o:.7679 c: 7579 +100
8/9 eur/jpy short o: 165.08 c: 164.08 +100
8/9 nzd/jpy short o: 91.81 c: 90.81 +100
Total +300
grand total +591 pips
Is there an EA for this system?
that would be super bigbear. been reading up on this thread. my mentor told me to check this system out. looks good.
maybe i can customize the alert the James Brown song "i feel good". hehehe.
good luck in developing the alerts for this. my mentor will kick me in the a$$ for wanting an alert. he thinks im lazy. lol. best wishes and my the pips be with us ALL!!!
Congratulations on your trades. I'm hoping I can do the same in the next few days.
Sorry to all, I have miscalculated my gains here are my trades and official wins and losses. I have made +591 in 3 days
8/7 eur/usd short o:1.3809 c: 1.3756 +53 pips
8/7 eur/jpy short o: 163.86 c:162.86 +100 pips
8/7 chf/jpy short o:99.70 c: 99.26 +44 pips
8/7 gbp/usd short o: 2.0205 c: 2.0220 -25 pips
Total +172
8/8 gbp/usd long o: 2.0183 c: 2.0283 +100
8/8 eur/jpy short o: 164.73 c: 165.20 -47
8/8 usd/jpy short o:119.24 c: 119.54 -30
8/8 gbp/jpy short o: 243.15 c: 243.35 -20
8/8 aud/usd short o:.8616 c: .8636 -20
8/8 usd/jpy short o:119.73 c:119.63 +10
8/8 gbp/jpy short o:243.71 c: 244.01 - 30
8/8 eur/jpy short o: 165.26 c: 165.00 +26
8/8 aud/usd short o: .8612 c: .8642 -30
8/8 nzd/jpy short o: 91.85 c:92.25 -40
8/8 chf/jpy short o: 100.07 c: 99.07 +100
8/8 gbp/jpy short o: 243.37 c: 242.37 +100
Total +119 pips
8/9 nzd/jpy short o:.7679 c: 7579 +100
8/9 eur/jpy short o: 165.08 c: 164.08 +100
8/9 nzd/jpy short o: 91.81 c: 90.81 +100
Total +300
grand total +591 pipsJtre, you havent mentioned in your statement which timeframe you are using...1h or 4h? or both?
Thanks Bigbear for sharing this strategy with us.
Trading Times
Big Bear,
Do you only trade this system certain times or do you find the signals will work any time of day or night?
Thanks.
Eureka