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Attachments: As Easy as "PI"
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As Easy as "PI"

Well basically, we've gone through what I would call a cycle now on these trades. The Jpy pairs have all closed. I have some new ones going, but the markets, as you all know, have just been crazy the last couple of weeks. Looking back, as has already been noted, the position sizes at the top of those trends were killers.

Going forward with the adjusted position size and s/l, I hope to see a smoother, albeit not as exciting, equity curve.



I'll be out of town/country next week so won't be able to post, or trade much for that matter.

I may have to close my positions and start up when I get back.
well . as in the beginning this tread looks so impressive and the exist strategy may not be working for this thread .

i used to find the target points by using fib fan..

simple calculation is

15 currencies and 150 pip in month

15*150= 2250 pip in month

say 2% risk for 75 pips=60% in month

we can .
Quoting fugly
Why not set up a trade explorer should be pretty easy for you with your 40 years of experience ...

No?
This is exactly the sort of post that dissuades me from even bothering with this forum. I have no need or desire to prove anything to anyone. I have been trading for a long, long time. What's more I have been making money doing it for a long time. At my age the desire to argue with some punk on the Internet is minimal. I wish everyone but particularly you good luck.
Quoting Dodgy Salmon
I have no need or desire to prove anything to anyone
That tells me exactly what I needed to know old man............. bye bye
Quoting fugly
That tells me exactly what I needed to know old man............. bye bye
Ok, bye. The funniest thing is you think you're the winner.
Well, things haven't been too exciting lately. Markets look like they might be rolling over. The thread is slowing down, which it should. It wasn't intended to be an ongoing journal. As others read and ask questions I'll try and give my two cents. Or if I modify how I'm trading the system.

I'll be sticking with and tweeking this for a long term approach as I trade other strategies as well. Don't put all your eggs in one basket.
Hi Spidey,

You've done real well with your system. You knew you were going to give back some pips at some point, but to be honest, you could just as easy get a market turn and then hit the same kind of pips again. Good luck with it, I hope you continue to post as this is one of the few good threads here at FF I stop past to read and check progress.

jt
"Even if you fall down face first, you still went forward."
hi spidey, may i know how much capital u started with for this system? as im going to start it with usd200 and i afraid that it is not enough. btw i have done well in demo account with your system, it is really a good system
hi spidey
i like your system, great
Quoting spyderman
Well, things haven't been too exciting lately. Markets look like they might be rolling over. The thread is slowing down, which it should. It wasn't intended to be an ongoing journal. As others read and ask questions I'll try and give my two cents. Or if I modify how I'm trading the system.

I'll be sticking with and tweeking this for a long term approach as I trade other strategies as well. Don't put all your eggs in one basket.
What is amazing is that there has been a run on the GBP-USD !!! Over 1,000 pips if taken at the start.

I see you have some open trades but didn't catch the 7 cross 22 entry ???

Here is a chart, not strictly as yours, as I have SuperTrend Indicator there which is confirming, and a 240 LWMA also from another system, just work this into my charts to check long term - obviously I didn't look often enough.

Why is it so easy to see after the fact?

Keep up the good work

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Maximize wins, minimize loss, stay in the game as long as you can
in the chart as you see .. i have a ques.
is this a double top ?
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Quoting Erebus
What is amazing is that there has been a run on the GBP-USD !!! Over 1,000 pips if taken at the start.

I see you have some open trades but didn't catch the 7 cross 22 entry ???

Here is a chart, not strictly as yours, as I have SuperTrend Indicator there which is confirming, and a 240 LWMA also from another system, just work this into my charts to check long term - obviously I didn't look often enough.

Why is it so easy to see after the fact?

Keep up the good work

Yes , this system is simple and great. I follow the system and short GBPUSD,so great! NOW the SL is above the EMA 22 .Let's see what will happen.Thanks for your good work.

Best regards.
Fishcoo
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thx man .. i am new in forex and i lost over 600 $ and i dont know what indicators to use or best system ..
i saw it .. and i am not sure .. can u explain me more .. what should i do ?thanks
Hi Spidey, It looks like you are starting to build some nice positions particularly in the short GBP based pairs. I notice that most of your recent positions are clustering about the 5PM close and early morning. I assume that his relates to the rest of your life. Any other reasons? AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
Hi Spidey, thanks for your sharing.

I really like this system because im working with a similar way. Based on slope direction line, daily charts. And trying to get trends with a few days, a week, who knows..

I would like to ask you, in an open operation, if you are getting profits at the 1st day and you see a little turn of the price (lets say you have +80 pips and then the market send you to get +50 pips in a few min and start to hit your stop moved by trailing/stop) What would you do? let it hit the stop and leave with +50 pips. Or just try to stay in the market (remember that we are trying to get trends of a few days..) the most you can? You leave with trailing stops or just when the trend changes?

Thank you very much.

Sorry for my bad english, is not my native language

Regards,

Kelvin.
Quoting jack-86
in the chart as you see .. i have a ques.
is this a double top ?
Yes, that`s a double top.
Seek not to change the world; seek only to change your mind about the world
Quoting njc1622
hi spidey, may i know how much capital u started with for this system? as im going to start it with usd200 and i afraid that it is not enough. btw i have done well in demo account with your system, it is really a good system
Hey all...back in the saddle after vacation.

NJC. If you want to start trading with a small account you just have to use a broker that has micro lots. Oanda allows trading small amounts. I use Forex Broker Inc. and they allow trading down to $100 sizes, which at 500:1 would be 20 cents a trade of margin.
Quoting Erebus
What is amazing is that there has been a run on the GBP-USD !!! Over 1,000 pips if taken at the start.

I see you have some open trades but didn't catch the 7 cross 22 entry ???

Here is a chart, not strictly as yours, as I have SuperTrend Indicator there which is confirming, and a 240 LWMA also from another system, just work this into my charts to check long term - obviously I didn't look often enough.

Why is it so easy to see after the fact?

Keep up the good work


Yeah I've been waiting for confirmation on a lot of these, especially if they've been rangy which gbpusd had been since sept. I came in late but have 4 positions now for about 2000 pips.
Quoting jack-86
thx man .. i am new in forex and i lost over 600 $ and i dont know what indicators to use or best system ..
i saw it .. and i am not sure .. can u explain me more .. what should i do ?thanks
Go to babypips.com and do lots of reading. And quit trading real money until you feel comfortable. That's the beauty of demo accounts.
Quoting AlbinaGrande
Hi Spidey, It looks like you are starting to build some nice positions particularly in the short GBP based pairs. I notice that most of your recent positions are clustering about the 5PM close and early morning. I assume that his relates to the rest of your life. Any other reasons? AG
My daily bar closes at 5 EST, so I place all my new pendings at that time. Usually not immediate entries though, most of mine are based on buy/sell stops so the entry time is decided by the market movement.
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