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Can I make 40% per month consistently

  • #161
  • Jun 5, 2007 4:46am Jun 5, 2007 4:46am
Quoting Vantage
Gbp B 1.9897/76 S 1.9951/68
Eur B 1.3482/66 S 1.3520/36
Chf B 1.2206/1.2189 S 1.2247/64
Jpy B 121.63/46 S 121.94/122.11

Big questions for today will the $'s slide continue? Will I trade when Trichet speaks this morning he has a habit of saying things that get me burned?
Gbp came within 5 pips of sell price but the double top and negative divergence (rsi 8) to price was a good reason to sell. A 20 pip move.
Chf hit target to the pip and has bounced a small amount. Not a hit out of the park but fine if you're looking for 20 pips per day.
Jpy hit sell price to the pip providing a 25 pip move.
  • #162
  • Jun 5, 2007 9:39am Jun 5, 2007 9:39am
Quoting Vantage
Jpy hit sell price to the pip providing a 25 pip move.
I'm really going to have to decide whether to be a scalper and grab the 25 pips when they come or learn to leave something in the trade. Yet again this 25 pip trade has turned into a potential 80 pip trade.

On the bright side another good entry, at least the system is working nicely.
  • #163
  • Jun 5, 2007 11:54pm Jun 5, 2007 11:54pm
Gbp B 1.9920/01 S 1.9980/99
Eur B 1.3502/3486 S 1.3545/61
Chf B 1.2160/45 S 1.2205/20
Jpy B 121.16/00 S 121.55/72
  • #164
  • Jun 6, 2007 12:05am Jun 6, 2007 12:05am
Well 20 pips per day gives a 40% per month return trading 1 lot per $10000. I think its clear that of late when I've had time at the computer that this has been happening. So obviously it can be done short term.

Now I'll be funding the account with more money over the coming weeks/months getting a better track record with this system before the next stage of my personal challenge begins.
  • #165
  • Jun 6, 2007 1:13am Jun 6, 2007 1:13am
hey dave,
Do you have record of your cumulative earnings so far, just curious to know how you were doing.

Quote
Now I'll be funding the account with more money over the coming weeks/months getting a better track record with this system before the next stage of my personal challenge begins.

Lookin forward to seeing your profits
  • #166
  • Jun 6, 2007 1:59am Jun 6, 2007 1:59am
Quoting brxxt
hey dave,
Do you have record of your cumulative earnings so far, just curious to know how you were doing.



Lookin forward to seeing your profits
Hi, I have but I missed 3 full weeks due to work and then computer problems earlier so that messed my numbers up. I didn't get the 40% as this break ran over into month 2. So I've decided I'll just post initial trade levels to give an idea what system can do and will give exact details of returns when I get to a bigger account size.

These initial trades are just the levels for first 4 hours of the day, there is much more to come with this system. An even more ambitious goal? Perhaps I should just get the first one sorted over a slightly longer time frame.
  • #167
  • Jun 6, 2007 8:52am Jun 6, 2007 8:52am
Quoting Vantage
Gbp B 1.9920/01 S 1.9980/99
Eur B 1.3502/3486 S 1.3545/61
Chf B 1.2160/45 S 1.2205/20
Jpy B 121.16/00 S 121.55/72
Was at work today so didn't enter any of these. I am at least happy that the system is working. I have arranged to be able to more or less work from home to get more trades in.

For record purposes neither gbp nor eur hit price levels in the first 4 hours of trade, nothing there then.

Chf came within 4 pips but good positive divergence on rsi and stoch signalled a buy which would have given at least 15 pips.

Same thing in reverse for jpy, came within 7 pips of sell with negative divergence on rsi and stoch which would have given a sell approx 25 pips.
  • #168
  • Jun 7, 2007 12:49am Jun 7, 2007 12:49am
Gbp B 1.9907/9887 S 1.9958/77
Eur B 1.3485/70 S 1.3525/41
Chf B 1.2149/33 S 1.2192/2207
Jpy B 121.00/120.83 S 121.31/48
  • #169
  • Edited 3:23am Jun 7, 2007 2:12am | Edited 3:23am
Quoting Vantage
Gbp B 1.9907/9887 S 1.9958/77
Eur B 1.3485/70 S 1.3525/41
Chf B 1.2149/33 S 1.2192/2207
Jpy B 121.00/120.83 S 121.31/48
I got out of my jpy trade at breakeven, its still in the sell range for now. The series of short term lower highs lower lows has been broken. So any sales would be for a quick scalp perhaps??
  • #170
  • Jun 7, 2007 2:49am Jun 7, 2007 2:49am
Gbp B 1.9907/9887 S 1.9958/77

Im looking for entry at 1.9908 again
  • #171
  • Jun 7, 2007 3:22am Jun 7, 2007 3:22am
Quoting brxxt
Gbp B 1.9907/9887 S 1.9958/77

Im looking for entry at 1.9908 again
Gbp has had a couple of quiet days in a row, the calm before the storm?
  • #172
  • Jun 7, 2007 3:27am Jun 7, 2007 3:27am
Quoting Vantage
Gbp B 1.9907/9887 S 1.9958/77
Eur B 1.3485/70 S 1.3525/41
Chf B 1.2149/33 S 1.2192/2207
Jpy B 121.00/120.83 S 121.31/48
Murphy's Law, jpy gets to within 3 pips of the upper range I press something and my softare shuts down and it then falls 20 pips!!
  • #173
  • Jun 7, 2007 5:04am Jun 7, 2007 5:04am
Quoting Vantage
Gbp has had a couple of quiet days in a row, the calm before the storm?
Ok I'm going for some lunch too close to the UK interest rate statement.
  • #174
  • Jun 7, 2007 12:05pm Jun 7, 2007 12:05pm
Quoting Vantage
Gbp B 1.9907/9887 S 1.9958/77
Eur B 1.3485/70 S 1.3525/41
Chf B 1.2149/33 S 1.2192/2207
Jpy B 121.00/120.83 S 121.31/48
For the record in the first 4 hrs of trade pretty much all 4 either came close to or hit an entry and hesitated to allow exits at or close to break even. Nothing then for today on this system.
  • #175
  • Jun 8, 2007 12:32am Jun 8, 2007 12:32am
Gbp B 1.9758/43 S 1.9812/31
Eur B 1.3403/1.3386 S 1.3444/60
Chf B 1.2239/24 S 1.2285/2304
Jpy B 121.09/20.93 S 121.40/65
  • #176
  • Jun 8, 2007 1:03am Jun 8, 2007 1:03am
Quoting Vantage
Gbp B 1.9758/43 S 1.9812/31
Eur B 1.3403/1.3386 S 1.3444/60
Chf B 1.2239/24 S 1.2285/2304
Jpy B 121.09/20.93 S 121.40/65
Ok gbp still looks weak this am so a retest of 1.9745 needs to hold, my fx cumulative tick getting more and more negative.
  • #177
  • Edited 5:22am Jun 8, 2007 4:30am | Edited 5:22am
Quoting Vantage
Ok gbp still looks weak this am so a retest of 1.9745 needs to hold, my fx cumulative tick getting more and more negative.
Gbp and eur would have been losers this morning after hitting buy levels but as I suggested above not touching a buy with a barge pole. When the break down happened I hoped for a bounce had a sell at .9771 which missed with a couple of pips.

Jpy could have made a few pips from a bounce off lower buy level and chf would have given enough time to get out even.

The dust needs to settle a little. At the end of Feb gbp dropped almost 500 pips in 4 days, don't know if thats going to happen here. My fx cumulative tick is -2896 as gbp is .9678 testing the earlier low.
  • #178
  • Jun 8, 2007 4:34am Jun 8, 2007 4:34am
Quoting Vantage
The dust needs to settle a little. At the end of Feb gbp dropped almost 500 pips in 4 days, don't know if thats going to happen here. My fx cumulative tick is -2896 as gbp is .9678 testing the earlier low.
Just out of interest fx cum tick now -3177 gbp .9665
  • #179
  • Jun 8, 2007 5:25am Jun 8, 2007 5:25am
Quoting Vantage
Gbp and eur would have been losers this morning after hitting buy levels but as I suggested above not touching a buy with a barge pole. When the break down happened I hoped for a bounce had a sell at .9771 which missed with a couple of pips.

Jpy could have made a few pips from a bounce off lower buy level and chf would have given enough time to get out even.

The dust needs to settle a little. At the end of Feb gbp dropped almost 500 pips in 4 days, don't know if thats going to happen here. My fx cumulative tick is -2896 as gbp is .9678 testing the earlier low.
These initial buy sell levels for the first 4 hrs of the day obviously don't work in the face of a runaway train like the last 2 days.

At 1.9625 fx cum tick is now -4405. No sign of a let up yet in downward pressure. Its got to turn some time, not even oak trees grow to the sky.
  • #180
  • Jun 11, 2007 1:08am Jun 11, 2007 1:08am
Gbp B 1.9645/23 S 1.9702/21
Eur B 1.3332/14 S 1.3373/90
Chf B 1.2340/24 S 1.2383/99
Jpy B 121.44/20 S 121.83/99

Traex (Harmonic Wave Journal) seems to think we have some more downside coming for gbp and eur. With his calls I wouldn't argue!!
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