Pierre:
Yes, logmein.com is the service and it is free. But I think I am going to change to VNC. I prefer LINUX. Linux has never crashed on me, not even on a rinky server (300MHx P4) that has been running for like 8 years. Windows on the other hand sends me to the blue screen of death. I know the reason and someday I will deal with the DLLs that are causing this.
Pierre I followed the same exact rules when I tried at the higher time frame. ( I expanded some things)
- I waited for price to reach one of the psych levels.
- Waited to see which direction (red or green candle)
- looked to see that H4 average range was > 70 pips.
- Look to see that H4 candles were not side to side.
- made my mental stop loss at around 150 pips.
- in this case didn't pay attention to spread (figured that enuf pips would be made). However I did pay attention to the overnite interest. I made sure I got in after the day was just done.. not right before. Consequently I was charged no overnite interest. I did get up and check from time to time but price never got below -110 pips so I was within my mental stop loss. I woke up and voala it crossed the lines just as I had seen on the H1 timeframe. Same thing as before. I also saw that it had down as much as +200pips. I was real tempted to place like a 70 pip trailing stop. To see how much further it went but naw... I got my opportunity and pocked the pips +120pips. I"ll post the chart. My Windbloze machine is still down.
Xm7
pierre23 wrote:Jess, what are you using for remote access to your computer? LogMeIn? Well done on the pips - but you let it go over night without a stop loss? =o
I've done that on demo accounts, some have been great and made a bunch of pips, but one actually wiped a $9000 demo out in one hit lol!
Even if I have an idea where price is going, I wouldn't let it go overnight without a stoploss - JUST in case it turns on me and there goes the account.. but thats just me lol
Tro, I just realised too, with the BuyZone indicator - if the entry trigger value is 4, then the profit target must be 14 to take a 10pip profit. Not to say you'd not put a 10pip TP after entering at the 4pip trigger - it's just visual if anything.
EUR/USD 3R in a row - next candle green, as I'm writing this the high for the hour is 6pip profit while entering at the BZ.