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Originally Posted by Bernfriedd
Some charts and the ichimoku settings would certainly help a gret deal. And which time frame did you use? You mention the EUR/JPY and a 4H time frame. Did you use this for your GBP backtest also, 4H?
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Well, I used a 15 min chart for the GBP and it gives great results. Even today, you can see that already, price has crossed the line twice- once at 9.00 AM GMT and then at 11.30 AM GMT. The first time it gave over 20 pips and the second time is still going on and it has already given 60 pips. And, this is just GBP. Price crossed the line on USD/CHF and USD/JPY, throwing 100s of pips at everyone's disposal today
. Let's just say that if you were a scardy cat like me and took only 3 pips per trade then you would've made 12 pips by now and it's only 1.32 PM GMT right now
. I think anything over 10 pips a day is great for a beginner.
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Originally Posted by Kako
Akash
trading to the left(Backtest) is much different to live trading [img]images/smilies/redface.gif[/img]
that number u've posted(2107) and even more is Possible every week; but also unaccessible because on live trading u dunno where the price is headed but on backtest u do know. try ur system(strat) on a live(Demo or real) account and post the results [img]images/smilies/wink.gif[/img]
i have to add Ichimuko is good way of looking to mkt imo, specially cloud as a S/R area.
remember there's many nice looking indicators(when looking @ it on past data) none of them work real time. some because of inherit lag, some because of many false signals, some custom indicators repair their old signals(change past sig), etc.
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I totally agree with you Kako, left is definetely the known area, while on the right you do not know what the next second is going to bring your way. I will be testing this throughout the week, and will post the results coming weekend. But, one thing's for sure that if you stay glued to the screen and just take 3-5 pips per trade, and keep a s/l of say 10-15 pips, then too you would make a decent amount every day (as a beginner
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Rockin' Tradin'
-Akash