Comments on: LMT Forex: Trick for Extra Profit on Trades

By: Wim

Wim — Wed, 20 Apr 2011 20:32:54 +0000

Is this LMT still going and is it still working?

By: alx

alx — Sat, 01 Aug 2009 11:32:38 +0000

So we are back at the beginning. It was a nice breakout but got reversed completely. Despite European trades took the bad US GDP reading “classic” way by running to save-haven currencies, US folks decided to sell USD across the board and reversed everything.
Again we’ll start on Monday with a new blank page opened. Next week we have some more important news coming. Be sure you check the news calendar so you know when to stay away.
But in general, my best advice is: stay away till the end of August.
ALX

By: alx

alx — Wed, 29 Jul 2009 18:32:45 +0000

Hey, we have a nice break down from diagonal upward channel on EURUSD daily. Breakout from diagonal usually brings the price back to the origin. ~ 1.382 in this example. Some 190 pips still to go.
Please keep in mind:
1) On Daily charts. This means we can have a lot of opposite action before the price hits the target.
2) It’s is just estimation. Or projection. Whatever you call it, it’s not granted.
ALX
ALX

By: andy

andy — Sat, 25 Jul 2009 10:11:34 +0000

Dan,
you mentioned earlier that you were preparing a pre trade checklist for the LMT trades. Have you done it and would you be prepared to share it. I too am guilty of wanting to try and take every signal because, generally they all pass Dean’s criteria, although it would be nice to be able to filter these further for the very best results,
thanks
Andy

By: sandra

sandra — Wed, 22 Jul 2009 15:13:49 +0000

Hi Dan, I would like to see your check list if possible. Thanks, sandra

By: alx

alx — Fri, 17 Jul 2009 12:29:17 +0000

Hi All,
if you run more than one terminal for more H4 signals you may notice performance issues. This is due to the terminal memory usage and computations per chart. The more charts open, the slower the whole CPU.
You can improve the performance by limiting data the terminal loads per chart:
Go to Tools>Options, select Charts tab and set “Max bars in history” and “Max bars per chart” to 5000 (the leas value available). Restart the terminal to make it effect.

By: Marc

Marc — Thu, 16 Jul 2009 14:52:59 +0000

Hi Tom. The point is that in the current yo yo markets, price often pulls back before heading in the predicted direction. If you bank the 1st profit as I suggested, it is NOT a loss if you are taken out, its just a “no trade”. Often traders on longer time frames do this all the time as they are hanging in for the BIG ONE. Personally I usually prefer to bank some profits. You cant feed your family the “profit” in an open trade !

Re trailing stops, the current choppiness would see you being taken out at a loss at the moment, unless you were only attaching the trailing stop once you are in profit. Personally not keen on them unless I am well in front. Marc

By: Bruce

Bruce — Thu, 16 Jul 2009 10:41:22 +0000

oh Marc made mention that summer is low volume and the markets do not trend as well as the Sept-midDec time of year. All I was saying is that I’m doing better with this system than any other I have tried. If it is good now, I expect for even greater returns when the market tends to trend. I’m still fairly new at this, with about a year of constant study and application. All with mixed results. I have learned one thing I hang onto, trade your rules to the letter. Don’t try to make it “work”. We have all sen the one that got away. We HAVE ALL seen the ones where we broke the rules and the bank.

By: alx

alx — Thu, 16 Jul 2009 08:42:51 +0000

HI Jack, ask Dean – he knows it the best.

By: alx

alx — Thu, 16 Jul 2009 07:41:42 +0000

Sorry Dan, my mistake.
It’s a bit hard to find out who is the sender and who is the receiver in the reply messages here.
Interesting part about the Bloomberg terminal. Does it give you trade signals as the original LMT?