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Is 5 pips enough for you?

  • #41
  • Apr 8, 2020 10:07pm Apr 8, 2020 10:07pm
Currently shorting USDJPy

tp is 108.904
sl is 109.085

let us see if we can hit this 10% trade.
Threesome Daddy
  • #42
  • Apr 8, 2020 10:09pm Apr 8, 2020 10:09pm
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hopefully we can get a nice long candle to the downside on the 1m chart.
Threesome Daddy
  • #43
  • Apr 8, 2020 11:09pm Apr 8, 2020 11:09pm
Price dropped within 1.5 pips from tp and I closed my position. Price retraced and I have entered once more to sell side with same tp and sl. Let's see if the double dip will work for me.
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Threesome Daddy
  • #44
  • Apr 8, 2020 11:13pm Apr 8, 2020 11:13pm
So far so good the double dip. Another 3 pips and that would be an excellent run and gun to the sell side.

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Threesome Daddy
  • #45
  • Apr 8, 2020 11:31pm Apr 8, 2020 11:31pm
Take profit it!
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Threesome Daddy
  • #46
  • Apr 9, 2020 10:58am Apr 9, 2020 10:58am
Quoting SingaRich
Very good trading this far, but everyone has left me all alone. It is bad enough being a single shemale under quarantine, but even My friend MrGoAt man has left me all alone. Anyone up for some forex talk?
nice experiment ...
by the way i keep watching you since your last TE ..
you not following your system rules which lead to horrible results .. alot trades without sl and loss more than even 10 pips ... you already know what that mean..
plus 3% after all of that stress on 5pips and trading without sl... hmmm i think you can perform better with just normal strategy .
  • #47
  • Apr 9, 2020 1:12pm Apr 9, 2020 1:12pm
Quoting JsCave
{quote} nice experiment ... by the way i keep watching you since your last TE .. you not following your system rules which lead to horrible results .. alot trades without sl and loss more than even 10 pips ... you already know what that mean.. plus 3% after all of that stress on 5pips and trading without sl... hmmm i think you can perform better with just normal strategy .
Hello sir,

Thank you very much for your support. Yes, a few of my trades didn't use stop losses which is a rule which I should never break.
I don't understand what you are referring to with me having a lot of stress in earning 3% with only 5 pips. Would you please be as kind enough to further explain or even support your claim?
I am currently in the process of fully automating this system in hopes of me drastically reducing my screen time. By doing so, it will reduce the chance of me rushing into entries because in order for me to enter the 5th prong order, the other 4 candles have to be calculated perfectly. Doing other wise would reverse the order which results in the sl of 10 pips being it.

Attached Image (click to enlarge)
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The chart above shows the previous orders and the 5th candle engulf resulted in the winning order to the sell side of EURCHF. Please continue your interaction with me because quarantine is really hard on me.
Threesome Daddy
  • #48
  • Apr 9, 2020 1:30pm Apr 9, 2020 1:30pm
Nice experiment ... i watching how will be final result .. i don't understand why you take several trades from same entry point ... anyway i watching you
  • #49
  • Apr 9, 2020 1:51pm Apr 9, 2020 1:51pm
Quoting SingaRich
{quote} Hello sir, Thank you very much for your support. Yes, a few of my trades didn't use stop losses which is a rule which I should never break. I don't understand what you are referring to with me having a lot of stress in earning 3% with only 5 pips. Would you please be as kind enough to further explain or even support your claim? I am currently in the process of fully automating this system in hopes of me drastically reducing my screen time. By doing so, it will reduce the chance of me rushing into entries because in order for me to enter...
Speaking of EURCHF, the price finally hit the 5 pip tp and now the recalculation of the 5 prong candle begins again.

Quoting JsCave
Nice experiment ... i watching how will be final result .. i don't understand why you take several trades from same entry point ... anyway i watching you
Great question. To answer your question, once I have the confirmation of the 5th prong order, i usually open a .05 order to simply remind me when I backtest my weekly trades, that a 5th prong order was placed for that instrument at a particular time.
I then proceed to open a larger order, based on my current equity, between .65 or .75 Only if the price can retrace a bit in order for me to profit a little more than the 5 pips which are expected.
At this point, I can careless if the account makes 1000% profit, I simply want to place 18 straight winning orders with this live account to confirm that what I am doing on the 1m chart actually works. Should I be able to achieve that goal, I can then try to establish rules on the other tf with the hopes of obtaining more pips, instead of just 5.
I hope I answered your question sir.
Threesome Daddy
  • #50
  • Apr 9, 2020 2:09pm Apr 9, 2020 2:09pm
Here is the latest signal for EURJPy

It should go up to 118.549

before dropping to 118.373

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Threesome Daddy
  • #51
  • Apr 9, 2020 5:24pm Apr 9, 2020 5:24pm
Take profit hit. I sure hope tomorrow, Friday, will bring the same results. The 8 pairs I watch resulted in 15 5 prong recommendations. Hopefully I can catch them all next time.
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If anyone wants to follow me, simple log into forexfactory and type within this thread, " I love shemales" or " I love bonking goats" and I will post the recommendations in real time. If I can risk 1% per pip so can you.
Threesome Daddy
  • #52
  • Apr 9, 2020 10:27pm Apr 9, 2020 10:27pm
Hello everyone,

We are expecting a very low volume day, which is why I have still decided to take a trade using my 5 prong orders to see if it will work.
USDJPy buy

sl 108.396
tp 108.585
current price is 108.43

let's see if it works
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Threesome Daddy
  • #53
  • Apr 10, 2020 12:21am Apr 10, 2020 12:21am
good luck mate,
  • #54
  • Apr 12, 2020 7:54pm Apr 12, 2020 7:54pm
Good morning everyone.

Taking a 5 prong buy on EU here at 1.09324

sl 1.09225
tp1.0941

Attached Image (click to enlarge)
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Threesome Daddy
  • #55
  • Apr 12, 2020 8:19pm Apr 12, 2020 8:19pm
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Take profit hit. We are trading on the right foot thus far.
Threesome Daddy
  • #56
  • Apr 12, 2020 8:38pm Apr 12, 2020 8:38pm
Second call is NZDUSD sell here at .6074

tp. .60687

sl. 60865

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Threesome Daddy
  • #57
  • Apr 12, 2020 9:34pm Apr 12, 2020 9:34pm
G'day mate,

It looks interesting. I have always been in the opinion regardless of all the previous discussion about spread etc.... that I rather try to pick up 5 pips than 50pips as long as the strategy is consistent of course.

I know you have mentioned MA2 crossing and candle close..... Can you please elaborate on your strategy/method?

Stay green!!
Stay green!!!
  • #58
  • Apr 12, 2020 9:35pm Apr 12, 2020 9:35pm
Quoting SingaRich
Second call is NZDUSD sell here at .6074 tp. .60687 sl. 60865 {image}
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Take profit hit on this call also. The check mark is the candle that closed the sell.
Threesome Daddy
  • #59
  • Apr 12, 2020 9:39pm Apr 12, 2020 9:39pm
Quoting Froggy
G'day mate, It looks interesting. I have always been in the opinion regardless of all the previous discussion about spread etc.... that I rather try to pick up 5 pips than 50pips as long as the strategy is consistent of course. I know you have mentioned MA2 crossing and candle close..... Can you please elaborate on your strategy/method? Stay green!!

Hello Frogster,

Thank you kindly for showing interested in my thread. I will be very happy to share the details once I achieve my goal of 18 straight wins. So far we have only had 2 this week and I am looking forward to sharing with everyone to disprove the fallacy that higher tf and higher pip count is the way to go.

All in all. Risking 10 pips to earn 5 is a great bet when your 10 pips never hit. Days like today in which may people deem the market "choppy" or "slow" is when this system either banks big or falls hard being as the sl and the tp are very much within the choppy range limits.
Threesome Daddy
  • #60
  • Apr 12, 2020 9:41pm Apr 12, 2020 9:41pm
Call number 3

GBPUSD buy here at 1.24665

sl 1.24664

tp 1.24723

If this one hits tp, I will call it a night and sleep dreaming about this system and how great it would be to get 15 more wins!
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Threesome Daddy
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