Follow The Bouncing Pip - page 63
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Hi all,
Just a quick question. I have set this system up on a few charts and am waiting for a signal. I just finished watching TV and saw this on E/U. What I would like to know is , is this what they call Stop Hunting?
I also have Marketiva and on their list the lowest E/U has gone today is 1.3617.bkoori
Hi bkoori,
We worked out that it was most likely a glitch as in the morning it was gone from the charts. The broker was North Finance.
Cheers
basza
Hello Bigbear
In one of the earlier posts you said "The proper entry signal is when they bouth touch". In later post you said "The signal is valid as long as the arrow and the NLZZ are on the same candle". I would like you to make it clear for me. Is it valid signal if the arrow developes on the same candle as the NLZZ, but it is well above or bellow the NLZZ (not touching it)?
Thanks so much for your help.
Regards,
Pluto2
bigbear,
Do you still trade only the 1H E/J and 4H G/J? Are these where the averages come from when you wrote you average 7-9 losers a month of 30-50 each and about 3 wins of 400-1000+?
Thanks in advance.
Hey redyM,
You hit it on the nose. If you have read any books on trading anything not just Forex, you will learn that most pro traders lose way more then they win. But when they win they win BIG!!!!
I am no pro trader but I try to follow what the big boys do.
Thanks for your input,
Bear-Hi Bear,
I am a newbie, I just started trading 3 months ago, but I know well about programming in C.
I tried to understand the idea behind your KISS.
Your loss to win ratio is basically high (=10/1).
In most trading systems, they always maintain loss to win ratio very-very low (the perfect one is no LOSS, and it is possible if you have very very big amount of money in your account...no way to get a margin call).
Most system is believed that low to win ratio will produce high profit. But it is NOT ALWAY true !!. Profit is not only depending on this ratio, but also on winning PIPS.
Your system has high loss to win ratio, but total losing pips (=300) is much lower than winning pips (=600). So that in the end your system is profitable.
Forex11 and mpower (hi forex11 and mpower..!!), tried to reduce loss to win ratio by adding an indicator. This works great in reducing the ratio. However, the total winning pips will not be as much as those obtained from original KISS system. Because of the delay of indicator when the price is COMPLETELY REVERSAL. (Am I right Forex11 and mpower ..?).
I think, the total profit among others is about the same in the end.
redyM
All I can say is WOW!!
I'm very much a newbie, having only studied Forex for little over a month, but I know something good when I see it...
I found this thread on Wed 8/17 night, read a bit of it, and loaded the indicators. I checked the GJ chart and saw the buy arrow, so I bought.. then bought on the UJ & GU. The next day I was up over 600 pips!!! So I am on board!!!
Since then I've read this thread almost twice, and came up with my first offering for the group. I added the email alert to the ZigZag Pointer along with the options to turn it off and on along with the screen alert. It could possibly be better if the alerts only happened once per bar, but I couldn't get that to work yet.
As far as the losses at the beginning of the trade... knowing how many pips can be made, aren't we being a bit greedy...?? YES!!! So how about buying/selling another lot during the strongest areas of the trend using other ind.? OR after retrace? OR Trading H1 along side H4 trade??? Those losses would be made up and then some...
Anyway, I never write in forums, I usually find what I need and move along, but this has me obssessed!! BTW.. I just had twins, so I couldn't have found this at a better time!!! I'm so anxious for Monday!!! (never said that before)
Thanks Bear & Forex11!!! Thanks for giving!!!I've already bought a few systems and this blows them out of the water!!!
Quick question... What are your rules for weekends?? I would guess.. hold on while trading H4... get out by Friday trading H1..??
Trade from work or anywhere
This is not a commercial, just something that's gonna help me trade.
I found this free program to remotely connect to your home/trading PC using a web browser. I tried it from work the other day and was able to operate MT4 & any other programs on my home PC. The 30 day trial is for the Pro version, but you can keep a dummied down free version after that's up.
I'll be using this till I can get a laptop, but this'll work from anywhere with high speed internet, so may not need a laptop for a while.
www.ntrconnect.com
Hope this helps you too!!
In one of the earlier posts you said "The proper entry signal is when they bouth touch". In later post you said "The signal is valid as long as the arrow and the NLZZ are on the same candle". I would like you to make it clear for me. Is it valid signal if the arrow developes on the same candle as the NLZZ, but it is well above or bellow the NLZZ (not touching it)?
Thanks so much for your help.
Regards,
Pluto2Hey Pluto2,
What I mean is if the ARROW & the NLZZ are on the same candle. By touching it I meant that they where on the same candle.
Bear-
bigbear,
Do you still trade only the 1H E/J and 4H G/J? Are these where the averages come from when you wrote you average 7-9 losers a month of 30-50 each and about 3 wins of 400-1000+?
Thanks in advance.Hey drayco,
Those averages are just off the top of my head, I actually dont really keep track. As for what I trade its mostly the 4Hr on G/J & E/J. But as of late I am starting to really look at the 1 hr. You may get more false signals but you may get more pips. Its just about how aggressive you want to be.
Bear-
I'm very much a newbie, having only studied Forex for little over a month, but I know something good when I see it...
I found this thread on Wed 8/17 night, read a bit of it, and loaded the indicators. I checked the GJ chart and saw the buy arrow, so I bought.. then bought on the UJ & GU. The next day I was up over 600 pips!!! So I am on board!!!
Since then I've read this thread almost twice, and came up with my first offering for the group. I added the email alert to the ZigZag Pointer along with the options to turn it off and on along with the screen alert. It could possibly be better if the alerts only happened once per bar, but I couldn't get that to work yet.
As far as the losses at the beginning of the trade... knowing how many pips can be made, aren't we being a bit greedy...?? YES!!! So how about buying/selling another lot during the strongest areas of the trend using other ind.? OR after retrace? OR Trading H1 along side H4 trade??? Those losses would be made up and then some...
Anyway, I never write in forums, I usually find what I need and move along, but this has me obssessed!! BTW.. I just had twins, so I couldn't have found this at a better time!!! I'm so anxious for Monday!!! (never said that before)
Thanks Bear & Forex11!!! Thanks for giving!!!I've already bought a few systems and this blows them out of the water!!!
Quick question... What are your rules for weekends?? I would guess.. hold on while trading H4... get out by Friday trading H1..??Hey opieness,
Im glad to here you like our little method. Congrats on you DOUBLE TROUBLE BUNDLE
!!!!!
Please though be very careful. As a new trader there are still a lot of things you need to know.
If you wish shoot me a PM & I can give you a list of things to read for every new trader.
As for weekends?
If I am long on GBP/JPY I dont care how long it lasts. I make a killing on swap with my broker. You pay double swap on Wednesday not Friday or Sunday open so it really does not matter. Remember you pay/earn 2 days ahead.
Good Luck,
Bear-