Don4

Ok stopped out pretty early on this one, Honestly pyenner for this system there are no indacators I really dont even need a chart to trade it.

Ok yesterdays tp hit, now im short looking for tp of 1.9830!

milliard,yea that has always been a tricky subject with me, looking at the 4 hour and dailys the trend is up, 1hour down,30min down and the shorter frames up. But this is what i was looking at when i posted the chart,once i had this trend line on the 30 minute I scaled down to the 5min chart where the trend line was on that chart.Hope i didnt confuse you,and thanks for the help.

Im pretty sure it measures how many times price moved wihin the time period.

Sounds good walter, ill talk to you later, have to get up in about 4 hours.

Sounds good!!

Here would be another for the pound.Notice how they all line up.

Walter, I dont want to add to much to complicate this,I added a 30 min trendline as malliard suggested. Maybe until it auctually brakes the trend line there would be no valid buy signal only short! Your opinion!

Here is a pretty good PDF on hearding to one side of the order book. http://www.traderslaboratory.com/forums/attachment.php?attachmentid=1787&stc=1&d=1182289066 2005o.pdf

Still in the trade i posted earlier with a TP at 1.9893,Its been one of those days. Price has played around my TP for the last 7 hours comming within 3 pips a few times, these are the tuff ones that closing out would seem to be the best thing to do but by doing that i would be going against my rules. So ill just have to wait and see what happens.

Makes since,thanks milliard!

Some say you can some say you cant, personaly i dont think its possible.

Ok walter could i get some views on how you see this potential trade. Would you go long if the 1 minute hooks up or just be looking to short off the 5 min?

Thanks Pyenner for the reply, What i found out in backtesting was my first initial plan is where im at now, I tried many different approaches but none seemed to help long term.(Widen stops,trailing stops,move stops to breakeven after 10,20,30,etc..pips) no mater what i did nothing seemed to help. But what ive been noticing is that about 85% of the time when my orders are triggered there is a retracement of some sort. So for now im working on a way to capitalize on that. I know never add to a losing position. But since i use such hard stops i never consider it a losing trade until stops are hit.

Nick, the broker im currently using is at a 100:1 leverage $5,000 = $500,000 buying power There are others that offer more. But just because its there doesnt mean its a good thing. But im sure you already know that.

Walter, i havent been following the usd/jpy this morning but i have been watching the gbp/usd and there was some very nice signals this morning!

Ok,my order was triggerd looking for a tp of 1.9893.

Indiacators work fine walter.

walter what was your settings on the hull

Yea very nice stuff walter,Ill just set back and take it all in.

There was no trades today!

Thanks cowpip for the reinforcement, and for everyone who has posted here trying to keep me focused. Everything that im going through now, i new was going to happen as i mentioned in my first few posts of the journal. The drawdowns are sometimes hard to handle but I must keep pushing forward for the full 6 months. To see where i stand with my system and to know what tweaking needs to be done. So again thanks to all who have posted for keeping me focused on my goals and forcing me to stick to my plan.

Ok walter, been sitting here digesting what you have so far. Just wondering since you are only shooting for a small number of pips each day, wouldnt there be less risk to having a trade go against you during non volital times.(eventhough thats no garantee) If your only going after a small piece everyday you would have to be right a very high % of the time.And will you be placing stops when you open a trade?

Ok,thanks walter!

Walter,glad to see you finally made it. To answer one of your questions efx demo does not expire but they do reset at the 15th of every month. Here is a link where one of the efx reps will answer questions if you have any EFX Group - Introduction - Page 53 @ Forex Factory. This should be a very interesting thread:D