- Search Forex Factory
- 20 Results
- PenguinTrade replied Jan 3, 2013
Hello again everyone. I started testing J16 on daily bars in June 2010. Due to my schedule I only spend a few minutes a day trading. This means I am not available throughout the day to move my stops. This means I must wait for the best setups to ...
- PenguinTrade replied Jan 31, 2012
Any thoughts about this BUOB? My take on it: Pros: Okay size Some space to move if it breaks Cons: Weak close Same size as previous bars Swing high Not at any particular support area Talked myself out of it
- PenguinTrade replied Jan 12, 2012
Tempted to take this bearish bar on a break. Pros: Big Not in traffic Cons: Not BEOB or DBHLC against huge trend
- PenguinTrade replied Jan 12, 2012
I don't use an automatic trailing stop. I use a manual 2-day low trailing stop. It's kept me in trades for a week or two before. You can go back in history and see how many trends you'll get kicked out of, but generally it will keep you in a trade ...
- PenguinTrade replied Dec 24, 2011
Merry Christmas! Penguin here. I've been meaning to update my J16 experiment for any who were interested: Again, I've started demoing J16 method again since the beginning of July this year (although I've been practicing long since then). I trade ...
- PenguinTrade replied Sep 10, 2011
Personally, I don't know if i'll ever drop down to the 1HR time frame again. I don't like paying a 3 pip spread for 20 pips. I know it'll take me 1 or 2 years of demo to get it right, but I believe it's possible to get a 95% win rate. It'd certainly ...
- PenguinTrade replied Sep 9, 2011
I'm not sure if you were referring to trading but I do something like this and it works good. I'm a student so I don't have (any) time to research trading. It started out as an experiment; I was having problems with editing my trades too much and ...
- PenguinTrade replied Aug 25, 2011
So, if the spread on the pair was 3 pips on the Eur/usd, You might use a 15 pip buffer? also, thanks for the help
- PenguinTrade replied Aug 25, 2011
audusd — I have a few questions on these trades I took. First is on the bearish bar: It was a big bar at BRN 1.05 and closed below the PPZ. It broke the bar by 8 pips then reversed. Q1: How far do you usually put your order under a daily bar? ...
- PenguinTrade replied Jul 21, 2011
Hey, just thought I'd stop in. I don't come here often, but I've been demoing my daily J16 strategy for the past 6 months. I've only allowed myself to log in once a day to prevent myself from messing with the trades i pick. (sometimes I login after ...
- PenguinTrade replied May 23, 2011
Thanks a bunch
- PenguinTrade replied May 23, 2011
question for Mbqb — Hey Mike, you've said before that you most of your trades on the 4 HR. For my daily trades I log in at 4 PM EST to evaluate the daily bar. I want to try demoing the 4 HR now, but I'm not sure when the best time to trade it ...
- PenguinTrade replied Nov 16, 2010
I haven't had much time for study lately, but I still check the charts at market close every day. Lately its been a bit rough, but I caught this BUOB on the USD/JPY. I'm taking a longer term perspective now, I hope to go live in a year, maybe 2, ...
- PenguinTrade replied Sep 10, 2010
Is there a way to take profit at multiple places with one order? I've been doing it with multiple orders but I hear that costs more spread. Maybe an EA?
- PenguinTrade replied Sep 9, 2010
J16 offers educational service. J16 delivers educational service. J16 isn't selling a trading system. FX is a risky business and it's the individuals responsibility to manage risk, not an educator. If you're interested, it would take a good 10-20 ...
- PenguinTrade replied Sep 8, 2010
Pin Question — I skipped this pin because it wasn't that big, and wasn't at a BRN. It was close to .8400 but not touching. It worked out really well though, is there something I'm missing? I'm thinking I didn't take into account how much space ...
- PenguinTrade replied Jul 27, 2010
Most of my trades were on the 1HR & 4HR. Some daily. I did more daily trades as time went on. But the problem was I would manage my daily trades like they were 1 HR trades. I would watch them like a hawk. I realized that with higher time frames you ...
- PenguinTrade replied Jul 26, 2010
For awhile I've been trying to apply J16 principles to my trading, and while it's taken longer than I thought, I've seen some improvement. I really wanted to trade less and go to higher time frames, but kept getting sucked down. I finally decided to ...
- PenguinTrade replied Jun 30, 2010
repost — I think this got lost as it was waiting for mod approval so I'm posting the above again as a question. I have been demo long in USD/CAD since 1.0200 BEOB,target 1.0640, trying out the 2 day trailing stop. I modified the stops to be ...
- PenguinTrade replied Jun 29, 2010
Hi, I've been demoing a new style of trading on the daily and I have a question. The style I'm trying is to place my daily orders (on j16 bars) on the close, and then not check on them until exactly 24 hour hours later, then make adjustments, wait ...
- Posts by Member Search: 'PenguinTrade'