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Attachments: pabloski System
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pabloski System

  • #281
  • May 12, 2007 8:13am May 12, 2007 8:13am
This system looks great, only a pity it only suit G/J. I think maybe it can suit other pairs if change some indictor's parameter.
  • #282
  • May 12, 2007 11:24am May 12, 2007 11:24am
Quoting edashan
This system looks great, only a pity it only suit G/J. I think maybe it can suit other pairs if change some indictor's parameter.
G/J and G/U with the current settings
Regards
  • #283
  • May 16, 2007 6:53am May 16, 2007 6:53am
G/J buy signal come...
Attached Image (click to enlarge)
Click to Enlarge Name: temp.jpg Size: 77 KB
  • #284
  • May 16, 2007 7:36am May 16, 2007 7:36am
Quoting edashan
G/J buy signal come...
Thanks for the heads-up edashan! I'm going to monitor this on my account but I don't think I'm going to take the trade, as I'm not going to follow this system as mechanically as it was intended. The pretty highly tested R area at 239.67 makes me concerned that it might not take off. But for the sake of all who take the trade, I hope it does!!
  • #285
  • May 16, 2007 6:22pm May 16, 2007 6:22pm
Yes, we are long at 238.93 + spread with trailing stoploss at green atr line.


Quoting edashan
G/J buy signal come...
  • #286
  • May 17, 2007 2:10am May 17, 2007 2:10am
I have set 3 lots limit buy order at 238.92, and they are on the way now and 31 pips profit so far
  • #287
  • May 17, 2007 2:29am May 17, 2007 2:29am
We are trading 4 lots and long at 238.97 including 4 pips spread. Aqua ATR Line is at 239.2851 and we have 30 minutes to close the current bar. If we see a close at 239.29 or above, we are going to exit first lot and the stoploss of remaining lots will be green atr line. We'll keep you updated.


Quoting edashan
I have set 3 lots limit buy order at 238.92, and they are on the way now and 31 pips profit so far
  • #288
  • May 17, 2007 6:33am May 17, 2007 6:33am
Hi, TeamAphid, you said in post #251 below,

Exception 2- If entry is within 10 pips of aqua atr line (bothsides), then
exit the first lot when price touches dodger blue atr line.

So I think we need to wait the price touch dodger blue atr line to exit 1st lot.
  • #289
  • May 17, 2007 5:22pm May 17, 2007 5:22pm
That rule is not applicable for current trade. Because we have entered at 238.93 + 4 pips spread at 16/5 16:00 bar. Someone recommended an alternative entry when non-repainting SC triggers signal which was at the close of 16/5 12:00, we are not using that entry method. If you use it, then, your point is correct.

Quoting edashan
Hi, TeamAphid, you said in post #251 below,

Exception 2- If entry is within 10 pips of aqua atr line (bothsides), then
exit the first lot when price touches dodger blue atr line.

So I think we need to wait the price touch dodger blue atr line to exit 1st lot.
  • #290
  • May 17, 2007 5:29pm May 17, 2007 5:29pm
We exited 1st lot at the close of 17/5 12:00 bar from 239.40 with 43 pips net profit and trailing the remaining 3 lots with green atr line which is at 238.65 at the moment (entry was at 238.93 + 4 pips spread).

Our profit target for the 2nd lot is at 240.12 right now, the level of dodger blue atr line. Please keep in mind that these levels keep changing in both directions with price. Therefore, you need to trail them.
  • #291
  • May 17, 2007 6:12pm May 17, 2007 6:12pm
I notice there will be stong resistance at 239.60, so I close 2 lots and leave 1 lot go
  • #292
  • May 17, 2007 6:33pm May 17, 2007 6:33pm
If you use plain technical analysis methods like S/R and trendlines, we agree that there is a strong resistance between 239.60 - 239.75 zone. But we prefer trading this method 100% mechanically as we do in our other systems. We don't use any discretion after setting the rules for a system.


Quoting edashan
I notice there will be stong resistance at 239.60, so I close 2 lots and leave 1 lot go
  • #293
  • May 17, 2007 6:50pm May 17, 2007 6:50pm
Quoting TeamAphid
If you use plain technical analysis methods like S/R and trendlines, we agree that there is a strong resistance between 239.60 - 239.75 zone. But we prefer trading this method 100% mechanically as we do in our other systems. We don't use any discretion after setting the rules for a system.
I agree.
There is always a technical analysis reason to stay out of any trade.
If something works, leave it alone.
If you don't, you'll "improve" it out of existence.
  • #294
  • May 18, 2007 12:53am May 18, 2007 12:53am
Quoting TeamAphid
If you use plain technical analysis methods like S/R and trendlines, we agree that there is a strong resistance between 239.60 - 239.75 zone. But we prefer trading this method 100% mechanically as we do in our other systems. We don't use any discretion after setting the rules for a system.
http://www.forexfactory.com/images/icons/icon14.gif
Oh, the price go up now, I should not exit http://www.forexfactory.com/images/icons/icon11.gif
  • #295
  • May 18, 2007 3:00am May 18, 2007 3:00am
Quoting billbss
I agree.
There is always a technical analysis reason to stay out of any trade.
If something works, leave it alone.
If you don't, you'll "improve" it out of existence.
I try to refrain from using absolutes like always and never. I don't find it to be useful in trading. I am short GBP/JPY precisely because of the huge resistance shown.

With respect to following a mechanical system blindly...I would suggest entering a smaller position size near strong support and resistance.

There are usually compelling reasons why price is reacting in these areas.
  • #296
  • May 18, 2007 5:04am May 18, 2007 5:04am
Our long position on GBPJPY was stopped out at 238.71. So, the trade result is -35 pips for 4 lots (+43, -26, -26, -26) including spreads. Now we are waiting for a red bar to go short. We are not going to reenter long if we see a blue bar again.
  • #297
  • May 18, 2007 6:51am May 18, 2007 6:51am
hello, TeamAphid, which broker you use, the spread of GBP/JPY is 4 pip ?
  • #298
  • May 18, 2007 8:34am May 18, 2007 8:34am
Oanda.

Quoting edashan
hello, TeamAphid, which broker you use, the spread of GBP/JPY is 4 pip ?
  • #299
  • May 18, 2007 6:25pm May 18, 2007 6:25pm
hi team aphid....from my analysis....the trade you've entered its a no trade if its base on pabloski filter rules using the trend power...becoz the trend power doesn,t exceed the 0.14 value....so i didnt take the trade.....sorry if i were wrong....just sharing my 2cent
  • #300
  • May 18, 2007 10:09pm May 18, 2007 10:09pm
If you use that filter, you are correct. But we are not using pabloski's rules, we have modified all entry, SL and exit rules and trade accordingly.


Quoting sypultraz
hi team aphid....from my analysis....the trade you've entered its a no trade if its base on pabloski filter rules using the trend power...becoz the trend power doesn,t exceed the 0.14 value....so i didnt take the trade.....sorry if i were wrong....just sharing my 2cent
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