jj7000 20 pips daily | Forex Factory

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jj7000 20 pips daily

  • #1
  • First Post: Jun 27, 2007 5:27pm Jun 27, 2007 5:27pm
My goal is to get 20 pis a day. But ultimately it is finishing each month in profit.

I will be posting my entries and results everyday. My t/p is 20 my s/l is 30. I will not interfere with the trades at all, either it will be a +20 or -30 each time. I trading the GBP/USD only.





Last week entries:

6/22/07 Order type: buy limit @ 1.9955/ closed 1.9975) +20
6/21/07 Order type: buy stop @ 1.9934/ closed 1.9904) -30



This week entries so far:

6/26/07 sell stop at 1.9960 tp 1.9940 s/l 1.9990 -30
6/27/07 sell stop @1.9965 tp 1.9945 s/l 1.9995 +20
  • #2
  • Jun 28, 2007 11:47am Jun 28, 2007 11:47am
No trade today. Price was past my B1 zone entry., which is the safer trade than getting in at B2 zone.
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  • #3
  • Jun 29, 2007 12:45am Jun 29, 2007 12:45am
Buy limit@ 2.0033 s/l 2.0003 t/p 2.0053
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  • #4
  • Jun 29, 2007 10:33am Jun 29, 2007 10:33am
+20 pips today
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  • #5
  • Jun 29, 2007 4:42pm Jun 29, 2007 4:42pm
Only a few trades made since my journey has started.

6/21/07 Order type: buy stop @ 1.9934/ closed 1.9904) -30
6/22/07 Order type: buy limit @ 1.9955/ closed 1.9975) +20
6/26/07 sell stop at 1.9960 tp 1.9940 s/l 1.9990 -30
6/27/07 sell stop @1.9965 tp 1.9945 s/l 1.9995 +20
6/28/07 Not Trades made
6/29/07 Buy limit@ 2.0033 t/p 2.0053 s/l 2.0003 +20

June ends: B/E



  • #6
  • Jul 2, 2007 12:53am Jul 2, 2007 12:53am
I am placing a buy limit order @ 2.0077 s/l 2.0047 t/p 2.0097
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  • #7
  • Edited 10:59am Jul 2, 2007 10:53am | Edited 10:59am
7/2/07 +20 pips

trade closed @2.0097
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  • #8
  • Jul 3, 2007 12:17am Jul 3, 2007 12:17am
I placed a buy limit @ 2.0160 t/p 2.0180 s/l 2.0130
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  • #9
  • Jul 3, 2007 12:55am Jul 3, 2007 12:55am
jj7000,

What purpose does your posting of trades and charts serve if you don't explain your setups or methodology?

If you had said from the start "Ive created a system that's been back tested and achieves and average of X pips a day over Y time frame", and wanted to keep the system proprietary, we might understand and be willing to follow. But all your offering is to post your trades blindly to us, and your ultimate goal is to post a profit, with aspirations of 20 pips a day. Joint the club!

I do wish you well, but again I don't know what idea you're trying to share with us.

CarlC
  • #10
  • Edited 1:56am Jul 3, 2007 1:51am | Edited 1:56am
Quoting CarlC
jj7000,

What purpose does your posting of trades and charts serve if you don't explain your setups or methodology?

If you had said from the start "Ive created a system that's been back tested and achieves and average of X pips a day over Y time frame", and wanted to keep the system proprietary, we might understand and be willing to follow. But all your offering is to post your trades blindly to us, and your ultimate goal is to post a profit, with aspirations of 20 pips a day. Joint the club!

I do wish you well, but again I don't know what idea you're trying to share with us.

CarlC

The last time I tried to explain what I was doing, my journal got removed and sent to the recycle bin. I referenced where I got the strategy from. I won't make that mistake again.

But I put my own spin on it a little bit.

Here it is:
I am using pivot calculations. The HLC/3. I like to have my orders placed between 05:00-06:00 GMT. If price is above PP (bullish) below ( bearish).I look at the 30 min chart and the hourly. I look at the 50 ema on 30 min chart and stoch on the 1hour chart. If price is above 50ema, I d go long and vice versa for short. If the stoch is heading down and the general trend is up I just place a buy or sell limit order. Because I am expecting it to bounce back up or down. If everything is lined up at price has not got there yet that's when I place my buy and sell stops. If I see something I don't like, like mixed signals, I sit on the sidelines. You may see some little fancy indicator at the bottom, but I really do not use that at all. I do not need it.
  • #11
  • Jul 3, 2007 11:20am Jul 3, 2007 11:20am
7/3/07

-30 trade closed out @ 2.0130
  • #12
  • Jul 3, 2007 11:22pm Jul 3, 2007 11:22pm
No trades today. (U.S holiday)
  • #13
  • Jul 4, 2007 1:30am Jul 4, 2007 1:30am
jj, thanks for sharing the methodology. At lease now I can follow along.

I looked at some of your ideas and they've spawned some of my own. I'll get back to you after I try them.

(Basically, do away with the PP and stochastoic, add something like a 7 or 21 per MA to your chart. Enter your trade when the fast MA and the slow EMA are trending in the same direction).

Will check back in a day or two.

CarlC
  • #14
  • Edited Jul 5, 2007 1:04am Jul 4, 2007 11:29pm | Edited Jul 5, 2007 1:04am
7/5/07

I am placing a sell stop order @ 2.0150 s/l 2.0180 t/p 2.0130
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  • #15
  • Jul 4, 2007 11:39pm Jul 4, 2007 11:39pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting jj7000
My goal is to get 20 pis a day. But ultimately it is finishing each month in profit.

I will be posting my entries and results everyday. My t/p is 20 my s/l is 30. I will not interfere with the trades at all, either it will be a +20 or -30 each time. I trading the GBP/USD only.





Last week entries:

6/22/07 Order type: buy limit @ 1.9955/ closed 1.9975) +20
6/21/07 Order type: buy stop @ 1.9934/ closed 1.9904) -30



This week entries so far:

6/26/07 sell stop at 1.9960 tp 1.9940 s/l 1.9990 -30
6/27/07 sell stop @1.9965 tp 1.9945 s/l 1.9995 +20

Can you please explain your entry and exit rules?
Thanks in advance
All things are difficult before they are easy.
  • #16
  • Jul 5, 2007 1:02am Jul 5, 2007 1:02am
Quoting vrama
Can you please explain your entry and exit rules?
Thanks in advance

Check out post#1 and #9

I believe it answers your questions.
  • #17
  • Jul 5, 2007 11:41am Jul 5, 2007 11:41am
7/5/07

-30 pips today
  • #18
  • Edited Jul 6, 2007 2:01pm Jul 5, 2007 6:59pm | Edited Jul 6, 2007 2:01pm
I will post results here for another method I have also. It's a a little more consistent, and a slight better r/r ratio. Last month If I would have trade it live, I would have made 175 pips. 13 wins, 1 loss, and 7 n/t ( no trades). It was a really good month. It averages about 100-130 pips a month.

It is used on the USD/CAD pair s/l 20 t/p 15

But I will not disclose how I am doing it. It is copyrighted.


This month I have been keeping track

7/2/07 +15
7/3/07 -20 ( but it went up +12) I am thinking about moving s/l to B/E when up +10 to avoid this)
7/4/07 N/T
7/5/07 +15
7/6/07 ( NFP and Cad unemployment report coming out. So N/T)
  • #19
  • Edited 2:06pm Jul 6, 2007 8:30am | Edited 2:06pm
sold @ 2.0114 t/p 2.0089 s/l 2.0044

+25 today!


I am changing my t/p to 25 and keeping s/l the same. I even thinking about putting a 15 pip t/s, so that if I am up +23 pips and it does not make it to +25 , it does not turn into a -30 maybe a -15 instead.

For some reason I am getting better results with fxcm. I have had only 1 loss for -8 pips so far.
  • #20
  • Jul 8, 2007 11:48pm Jul 8, 2007 11:48pm
Buy stop @ 2.0121 s/l 2.0091 t/p 2.0146 t/s 15
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