Forex Rebellion (Oleh petewright)

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Forex Rebellion Perbincangan

Nov 05, 2009 at 08:46
1,024 Paparan
2 Replies
Ahli sejak Sep 02, 2009   47 hantaran
Nov 05, 2009 at 12:38
hello Pete,

It looks as if rebellion is doing ok for you. I am testing it and on daily and some 4 hr. Just wondering where do you place your stops? using the shifted emas? and what about tp do you have a set target or do you trail with the emas?
Ahli sejak Aug 21, 2009   6 hantaran
Nov 05, 2009 at 12:50
Hi Alan,

So far I have just been placing my stops either at -30 pips, or a few pips below the 5 EMA it depends how i feel the strength of the trade is going to be.
If i think it is going to be a short trend (by comparing 1 hr 4 hr and daily chart) then I will aim for 30-45 pips. and either have a set stoploss of 30 pips or below the 5 EMA.

If i think there could be a strong trend coming then I will place the stoploss below the EMA and every 4 hours or so keep increasing it following the EMA line. I really want like 100 pips here, but so far I have done this method of 5 occasions.
Two finished at break even, and three netted me 74, 53 and 89 pips.

Hope this helps
Ahli sejak Aug 21, 2009   6 hantaran
Nov 06, 2009 at 21:32
I had a bad last few trades, I got false signal cos of High risk news. I will pay more attention next time
:(
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