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Simple Monday-Tuesday System (attached calculator)

  • #2,081
  • Apr 20, 2020 12:00pm Apr 20, 2020 12:00pm
Hi

This system resembles London breakout strategy.
  • #2,082
  • Apr 20, 2020 2:19pm Apr 20, 2020 2:19pm
Quoting GreyTrader
So I'm thinking. I'd rather have just closed TP1 on all of these (+10R) rather than get a -2R. Strategy for this week: 1. +10% Entry, -40% SL. 2. Set TP to 3R. 3. At London 5pm on Wed, Thu, and Fri. Close all trades past R1. {image}
Or use trailing stop(s). Something like: when reaching half the way to TP1, set trailing stop to (TP1-Entry)/2. Allow new entry once the trailing stop has been taken.
  • #2,083
  • Apr 20, 2020 11:46pm Apr 20, 2020 11:46pm
Quoting Wyrebill
Hi This system resembles London breakout strategy.
Well spotted. So do most breakout strategies.
"Pips are vanity. Profit is sanity."
  • #2,084
  • Apr 21, 2020 1:46pm Apr 21, 2020 1:46pm
Quoting PaulDV
{quote} Well spotted. So do most breakout strategies.
I'm told that there are only 2 ways to enter a trade, retracement or breakout

As a programmer, would you agree? I sure can't think of any other

Makes sense that strategies that use the same entry technique would look similar

I guess you could use London Breakout for signal, then wait for pullback to enter, then it wouldn't look the same

Always looking for that extra confirmation like it's a gold class guarantee
It takes a lot for me to IGNORE you, but you can try.
  • #2,085
  • Apr 21, 2020 2:07pm Apr 21, 2020 2:07pm
Quoting Erebus
{quote} I'm told that there are only 2 ways to enter a trade, retracement or breakout As a programmer, would you agree? I sure can't think of any other Makes sense that strategies that use the same entry technique would look similar I guess you could use London Breakout for signal, then wait for pullback to enter, then it wouldn't look the same Always looking for that extra confirmation like it's a gold class guarantee
aaaand what is your extra confirmation?
  • #2,086
  • Apr 21, 2020 2:14pm Apr 21, 2020 2:14pm
Quoting Akaykenann
{quote} aaaand what is your extra confirmation?
Not me, just thinking out loud, take the breakout PRICE, and hangon

It's WTF
It takes a lot for me to IGNORE you, but you can try.
  • #2,087
  • Apr 21, 2020 8:50pm Apr 21, 2020 8:50pm
Quoting Erebus
{quote} Not me, just thinking out loud, take the breakout PRICE, and hangon It's WTF
lets goooooooooooooooooooooooooo
  • #2,088
  • Apr 21, 2020 11:35pm Apr 21, 2020 11:35pm
Orders placed for this week.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 36 KB
  • #2,089
  • Apr 22, 2020 1:31am Apr 22, 2020 1:31am
GBPAUD sell doing well so far
AUDCAD long not ding well
  • #2,090
  • Apr 22, 2020 5:09am Apr 22, 2020 5:09am
Quoting optitrader
GBPAUD sell doing well so far AUDCAD long not ding well
Seems that GBPAUD doesn't like our short orders
Dives est, cui tanta possessio est, ut nihil optet amplius
  • #2,091
  • Apr 22, 2020 10:58am Apr 22, 2020 10:58am
Quoting optitrader
GBPAUD sell doing well so far AUDCAD long not ding well
Both triggered by major news event - if you had had the news filter on, you wouldn't be in the AUDCAD trade right now (but GBPAUD would still have triggered later on).
"Pips are vanity. Profit is sanity."
  • #2,092
  • Apr 22, 2020 10:59am Apr 22, 2020 10:59am
Quoting Erebus
{quote} Not me, just thinking out loud, take the breakout PRICE, and hangon It's WTF
Bucking bronco stylee!
"Pips are vanity. Profit is sanity."
  • #2,093
  • Apr 23, 2020 2:04am Apr 23, 2020 2:04am
wow, 4 full loss

5 open but no TP in sight

It takes a lot for me to IGNORE you, but you can try.
  • #2,094
  • Apr 23, 2020 3:14am Apr 23, 2020 3:14am
I got 3 full loss so far tooOthers still in green. Wishing everyone in green this week using this strategy
Newbie here
  • #2,095
  • Apr 23, 2020 5:45am Apr 23, 2020 5:45am
i closed my trades with a decent profit.

I didn't trade all pairs, the pairs activated were eur/usd, gbpaud and audcad.
  • #2,096
  • Apr 25, 2020 1:22am Apr 25, 2020 1:22am
Quoting pundit78
Orders placed for this week. {image}

This week was almost breakeven. Loss of 27 pips
  • #2,097
  • Apr 25, 2020 4:52am Apr 25, 2020 4:52am
Quite a few false breakouts this week.
I'm down almost 9%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB
The quick brown fox jumps over the lazy dog.
  • #2,098
  • Apr 28, 2020 3:22pm Apr 28, 2020 3:22pm
Nobody in the house
  • #2,099
  • Apr 28, 2020 3:55pm Apr 28, 2020 3:55pm
Quoting Ican2020
Nobody in the house
Waiting on entries, some nice tight ranges, expecting some awesome moves, AUD has been pumped up, red news later today

It takes a lot for me to IGNORE you, but you can try.
  • #2,100
  • Apr 28, 2020 11:06pm Apr 28, 2020 11:06pm
Last week was not to good -40 I left to run to this week just closed this morning Wednesday. So far looking good.
Attached Image (click to enlarge)
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