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EricFX Stoch Method

  • #101
  • May 22, 2007 5:41am May 22, 2007 5:41am
SHORT | GBPUSD | LOTS: 1 | @ 1.9819 | SL: 1.9854 | TP: 1.9749

Quoting TimeFreedom
STATUS: Currently +129
STATUS: Closed Trade @ 9722 | +97
  • #102
  • Edited 11:08am May 22, 2007 5:44am | Edited 11:08am
Quoting TimeFreedom
BUY STOP | GBPUSD | LOTS: 1 | @ 1.9733| SL: 1.9663 | TP: 1.9810

Calculated SL based on the range of the previous four candles before entry candle:

SL: High 1.9747 - Low 1.9675 = 72 * 0.68 = 49 pips. SL = 1.9712 - 49 = 1.9663

TP: 49 * 2 = 98 pips; 1.9712 + 98 = 1.9810
STATUS: Order Filled. Currently -21

COMMENT: I am not confident with this trade, but let's give it some time.
  • #103
  • May 22, 2007 5:50am May 22, 2007 5:50am
Quoting TimeFreedom
SELL STOP | EURJPY | LOTS: 1 | @ 163.36| SL: 163.98 | TP: 162.75

Calculated SL based on the range of the previous four candles before entry candle:

SL: High 163.91 - Low 163.31 = .60 * 0.68 = 41 pips. SL = 163.57 + .41 = 163.98

TP: 41 * 2 = 82 pips; 163.57 - .82 = 162.75

ENTRY PRICE: Entry candle close - 17 pips - 4 pip spread: 163.57 - .17 = 163.40 - .04 = 163.36
STATUS: Order Filled. Currently -6
  • #104
  • May 22, 2007 11:14am May 22, 2007 11:14am
Quoting fayeez
Here is the SHI channel.
Fayeez,

The SHI Channel indicator is identical to the the channel indicator I posted.

TimeFreedom
  • #105
  • May 22, 2007 12:15pm May 22, 2007 12:15pm
how do you know where po put pending orders???
  • #106
  • May 23, 2007 5:47am May 23, 2007 5:47am
SELL STOP | EURJPY | LOTS: 1 | @ 163.36| SL: 163.98 | TP: 162.75

Quoting TimeFreedom
STATUS: Order Filled. Currently -6
STATUS: Closed Trade @ 163.82 | -46

COMMENT: Closed this trade prematurely.
  • #107
  • May 23, 2007 5:50am May 23, 2007 5:50am
Quoting TimeFreedom
BUY STOP | GBPUSD | LOTS: 1 | @ 1.9733| SL: 1.9663 | TP: 1.9810

Calculated SL based on the range of the previous four candles before entry candle:

SL: High 1.9747 - Low 1.9675 = 72 * 0.68 = 49 pips. SL = 1.9712 - 49 = 1.9663

TP: 49 * 2 = 98 pips; 1.9712 + 98 = 1.9810
STATUS: Order Filled. Currently +82
  • #108
  • May 23, 2007 6:00am May 23, 2007 6:00am
BUY STOP | USDCAD | LOTS: 1 | @ 1.0894| SL: 1.0837 | TP: 1.0942

Calculated SL based on the range of the previous four candles before entry candle:

SL: High 1.0867 - Low 1.0827 = 40 * 0.68 = 27/35 pips. SL = 1.0872 - 35 = 1.0837

TP: 35 * 2 = 70 pips; 1.0872 + 70 = 1.0942

ENTRY PRICE: Entry candle close - 17 pips - 5 pip spread: 1.0872 + 17 = 1.0889 + 5 = 1.0894
  • #109
  • May 23, 2007 6:37am May 23, 2007 6:37am
BUY STOP | GBPUSD | LOTS: 1 | @ 1.9733| SL: 1.9663 | TP: 1.9810

Quoting TimeFreedom
STATUS: Order Filled. Currently +82
UPDATE: Closed .50 Lots @ 1.9831 | +98. The remaining .50 Lots will be the runner.
  • #110
  • May 23, 2007 6:56am May 23, 2007 6:56am
SHORT | EURUSD | LOTS: 1 | @ 1.3577 | SL: 1.3612 | TP: 1.3507

Quoting TimeFreedom
STATUS: Currently +129

COMMENT: The runner is now sprinting to the finish line.
UPDATE: Closed Trade @ 1.3494 | +83
  • #111
  • May 23, 2007 7:24am May 23, 2007 7:24am
BUY STOP | EURUSD | LOTS: 1 | @ 1.3504| SL: 1.3450 | TP: 1.3555

 Calculated SL based on the range of the previous four candles before entry candle:

SL: High 1.3463 - Low 1.3418 = 45 * 0.68 = 31/35 pips. SL = 1.3485 - 35 = 1.3450

TP: 35 * 2 = 70 pips; 1.3485 + 70 = 1.3555

ENTRY PRICE: Entry candle close + 17 pips + 2 pip spread: 1.3485 + 17 = 1.3502 + 2 = 1.3504
  • #112
  • May 23, 2007 11:15am May 23, 2007 11:15am
SELL STOP | USDJPY | LOTS: 1 | @ 121.31| SL: 121.86 | TP: 120.81

Calculated SL based on the range of the previous four candles before entry candle:

SL: High 120.86 - Low 120.43 = .43 * 0.68 = 29/35 pips. SL = 121.51 + .35 = 121.86

TP: 35 * 2 = 70 pips; 121.51 - .70 = 120.81

ENTRY PRICE: Entry candle close - 17 pips - 3 pip spread: 121.51 - .17 = 121.34 - .03 = 121.31
  • #113
  • Edited 3:58pm May 23, 2007 11:16am | Edited 3:58pm
BUY STOP | GBPUSD | LOTS: 1 | @ 1.9733| SL: 1.9663 | TP: 1.9810

UPDATE: Closed .50 Lots @ 1.9831 | +98. The remaining .50 Lots will be the runner.

UPDATE: Runner is Currently +143
  • #114
  • May 23, 2007 11:20am May 23, 2007 11:20am
Quoting TimeFreedom
BUY STOP | USDCAD | LOTS: 1 | @ 1.0894| SL: 1.0837 | TP: 1.0942

Calculated SL based on the range of the previous four candles before entry candle:

SL: High 1.0867 - Low 1.0827 = 40 * 0.68 = 27/35 pips. SL = 1.0872 - 35 = 1.0837

TP: 35 * 2 = 70 pips; 1.0872 + 70 = 1.0942

ENTRY PRICE: Entry candle close - 17 pips - 5 pip spread: 1.0872 + 17 = 1.0889 + 5 = 1.0894
STATUS: Canceled Pending Order. Order was not Triggered.
  • #115
  • May 23, 2007 1:38pm May 23, 2007 1:38pm
Hello Time Freedom,
thanks for posting your trades - it is very educational. I am not clear on one thing: I understand that Eric is placing market order after the close of the candle where the cross occured, but I am not sure if you wait for the close of the candle also when you are placing your order.
Thanks for your reply.
Regards,
Pluto2
  • #116
  • May 23, 2007 2:13pm May 23, 2007 2:13pm
TimeFreedom, I love what you are doing here with this system. I actually place a couple of trades based on the same and they both turned out profitable, and I think that this style of trading makes the most sense for anyone who doesn't have time to sit in front of the computer all the time.


Would you be any chance we willing to post your cumulative results since you started trading this way? I’m very curious to see how you have made out.

Thanks.

oo7_Ts
  • #117
  • May 23, 2007 4:03pm May 23, 2007 4:03pm
Quoting Pluto2
Hello Time Freedom,
thanks for posting your trades - it is very educational. I am not clear on one thing: I understand that Eric is placing market order after the close of the candle where the cross occured, but I am not sure if you wait for the close of the candle also when you are placing your order.
Thanks for your reply.
Regards,
Pluto2
Pluto,

Yes, you should wait for close of the candle to place the pending orders. If you noticed when I place the trades I use the close of the bar/candle -/+ 17 pips +/- spread to calculate entry price.

TimeFreedom
  • #118
  • May 24, 2007 6:07am May 24, 2007 6:07am
Quoting TimeFreedom
SELL STOP | USDJPY | LOTS: 1 | @ 121.31| SL: 121.86 | TP: 120.81

Calculated SL based on the range of the previous four candles before entry candle:

SL: High 120.86 - Low 120.43 = .43 * 0.68 = 29/35 pips. SL = 121.51 + .35 = 121.86

TP: 35 * 2 = 70 pips; 121.51 - .70 = 120.81

ENTRY PRICE: Entry candle close - 17 pips - 3 pip spread: 121.51 - .17 = 121.34 - .03 = 121.31
STATUS: Pending Order Filled. Currently -11
  • #119
  • May 24, 2007 6:22am May 24, 2007 6:22am
BUY STOP | USDCAD | LOTS: 1 | @ 1.0867| SL: 1.0810 | TP: 1.0915

 Calculated SL based on the range of the previous four candles before entry candle:

SL: High 1.0844 - Low 1.0811 = 33 * 0.68 = 22/35 pips. SL = 1.0845 - 35 = 1.0810

TP: 35 * 2 = 70 pips; 1.0845 + 70 = 1.0915

ENTRY PRICE: Entry candle close + 17 pips + 5 pip spread: 1.0845 + 17 = 1.0862 + 5 = 1.0867
  • #120
  • Edited 10:24am May 24, 2007 7:23am | Edited 10:24am
SELL STOP | GBPJPY | LOTS: 1 | @ 240.93| SL: 241.72 | TP: 240.01

Calculated SL based on the range of the previous four candles before entry candle:

SL: High 241.84 - Low 241.04 = .80 * 0.68 = 54 pips. SL = 241.18 + .54 = 241.72

TP: 54 * 2 = 108 pips; 241.18 - 1.08 = 240.01

ENTRY PRICE: Entry candle close - 17 pips - 8 pip spread: 241.18 - .17 = 241.01 - 8 = 240.93
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