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Peanuts 52 Daily Trades

  • #21
  • Jul 12, 2007 11:58am Jul 12, 2007 11:58am
Peanuts 52" entry orders for Thursday, July 12 are:
Buy entry order @ 2.0311 TP 2.0316 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0300 TP 2.0305 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0289 TP 2.0299 (Executed) TP was reached = 10 pips
Buy entry order @ 2.0257 TP 2.0262 (No execution) = zero pips
TP from buy entry orders = 5+5+10=20 pips

Sell entry order @ 2.0333 TP 2.0328 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0344 TP 2.0339 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0355 TP 2.0345 (Executed) TP was reached = 10 pips
Sell entry order @ 2.0387 TP 2.0382 (No execution) = zero pips
TP from sell entry orders = 5+5+10=20 pips

Total P/L for Thursday, July 12 = 20 + 20 = 40 pips
6 Orders were triggered out of 8

Triggered entry orders since July 9 = 23 out of 32
Win = 22
Loss=1

Win = 141 pips
Loss=-30 pips


Total P/L since July 9 till now = 111 pips
  • #22
  • Jul 12, 2007 4:07pm Jul 12, 2007 4:07pm
"Peanuts 52" entry orders for Friday, July 13 are:
Buy entry order @ 2.0291 TP 2.0296 Targeting (5 pips)
Buy entry order @ 2.0283 TP 2.0288 Targeting (5 pips)
Buy entry order @ 2.0274 TP 2.0284 Targeting (10 pips)
Buy entry order @ 2.0248 TP 2.0253 Targeting (5 pips)
I'm targeting 25 pips from Buy entry orders

Sell entry order @ 2.0309 TP 2.0304 Targeting (5 pips)
Sell entry order @ 2.0317 TP 2.0312 Targeting (5 pips)
Sell entry order @ 2.0326 TP 2.0316 Targeting (10 pips)
Sell entry order @ 2.0352 TP 2.0347 Targeting (5 pips)
I'm targeting 25 pips from Sell entry orders

  • #23
  • Jul 13, 2007 7:20am Jul 13, 2007 7:20am
Update on today's trades
I manually closed sell position @ 2.0309 with -15 pips loss
  • #24
  • Jul 13, 2007 8:03am Jul 13, 2007 8:03am

"Peanuts 52" entry orders for Friday, July 13 are:
Buy entry order @ 2.0291 TP 2.0296 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0283 TP 2.0288 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0274 TP 2.0284 (Executed) TP was reached = 10 pips
Buy entry order @ 2.0248 TP 2.0253 (No execution) = zero pips
TP for buy entry order = 5 + 5 + 10=20 pips

Sell entry order @ 2.0309 TP 2.0304 (Executed) I manually closed it = -15 pips
Sell entry order @ 2.0317 TP 2.0312 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0326 TP 2.0316 (Executed) TP was reached = 10 pips
Sell entry order @ 2.0352 TP 2.0347 (Executed) TP was reached = 5 pips
TP for sell entry order = (-15) +5 + 10 + 5=5 pips

Total P/L for Friday, July 13 = 20 + 5 = 25 pips
7 Orders were triggered out of 8

Triggered entry orders since July 9 = 30 out of 40
Win = 28
Loss=2

Win = 181 pips
Loss=-45 pips


Total P/L since July 9 till now = 136 pips

  • #25
  • Jul 13, 2007 8:21am Jul 13, 2007 8:21am
Hi Pino

What time do you place the orders? right at the close of the US session?

I tried today's trades on a demo account and they didn't do as well as your results.

My broker has a spread of 3 pips on cable and i didn't make any allowance for that so in effect i needed to make 8 pips to make 5...

I think today was a particularly odd day though?

Oh well... I'll try it again on monday...

Hope I did something wrong...
  • #26
  • Jul 13, 2007 8:30am Jul 13, 2007 8:30am
Pino, Thanks for posting. My results are the same (today I didn't do the re-orders), but as of yet I haven't closed the 309 trade, I'd like to know what caused you the decision to close it?
  • #27
  • Jul 13, 2007 9:16am Jul 13, 2007 9:16am
Quoting dav12028
Pino, Thanks for posting. My results are the same (today I didn't do the re-orders), but as of yet I haven't closed the 309 trade, I'd like to know what caused you the decision to close it?
Hi dav12028,
Great , the reason that I closed the 309 sell order is that there was a resistance at 320 area, if breached means that it won't go down to bring my target for this position, in addition that it went down to 307 twice but bounced up again, so I noticed that this trade won't reach it's target so I manually closed it with a buy reverse trade which covered the loss, but this buy market order wasn't in the peanuts 52 system, so the result won't be shown up here, I only show the results of entry orders of the peanuts 52 system
  • #28
  • Jul 13, 2007 10:46am Jul 13, 2007 10:46am
Quoting mjolimer
Hi Pino

What time do you place the orders? right at the close of the US session?

I tried today's trades on a demo account and they didn't do as well as your results.

My broker has a spread of 3 pips on cable and i didn't make any allowance for that so in effect i needed to make 8 pips to make 5...

I think today was a particularly odd day though?

Oh well... I'll try it again on monday...

Hope I did something wrong...
Hi mjolimer,
Welcome to the thread, everytime I try to reply to your post, I face an electricity problem and the PC shuts down, it happened to me 3 times, I wish that I can succeed in replying to you this time in peace
First I'd like to say that timing is an important factor in my system, so I place the 8 entry orders at the end of the US session ONLY, so whoever wanted to try this system
1- To place the 8 entry oders @ the end of the US session ONLY
2- The 8 orders are entry orders not market ones.
3- I recommend for people who want to try this system to try it on a demo account, till I finish the final setup of it

Wishing you success and happy trading
  • #29
  • Jul 13, 2007 4:29pm Jul 13, 2007 4:29pm
"Peanuts 52" entry orders for Monday, July 16 are:
Buy entry order @ 2.0329 TP 2.0334 Targeting (5 pips)
Buy entry order @ 2.0319 TP 2.0324 Targeting (5 pips)
Buy entry order @ 2.0310 TP 2.0320 Targeting (10 pips)
Buy entry order @ 2.0280 TP 2.0285 Targeting (5 pips)
I'm targeting 25 pips from Buy entry orders

Sell entry order @ 2.0349 TP 2.0345 Targeting (5 pips)
Sell entry order @ 2.0359 TP 2.0354 Targeting (5 pips)
Sell entry order @ 2.0368 TP 2.0358 Targeting (10 pips)
Sell entry order @ 2.0398 TP 2.0393 Targeting (5 pips)
I'm targeting 25 pips from Sell entry orders
  • #30
  • Jul 14, 2007 11:59pm Jul 14, 2007 11:59pm
Hi Pino

Thanks for the clarification.

I'm still not sure if the intention is for the targets to include spreads or not.

If i set the orders for a 5 pip gain from my broker then I will need the actual price to go up 8 pips to make this. If I set it for 5 pips then i will make only 2 pip gain. Sadly the effect is the same for the stop loss... so a loss of 30 pips on the chart will actually cost me 33 pips including the spread.

Do you know a broker that gives a spread lower than 3 pips? (That is the level that my broker offers..)

Sorry if I am being thick on this point, but it is something that I am not sure on that could make a big difference if i get it wrong...
  • #31
  • Jul 15, 2007 1:35am Jul 15, 2007 1:35am
Hi.
I think i've worked it out.
I was being bit thick, but it may be because my broker's platform seems to work a bit differently from the norm which means i have to change the my levels to match yours.. (I think)

The close price of the 12 July 21.00 gmt bar on my charts was showing at 20303.5

I guess yours would have been 20300?

Anyway. It's not your problem... I'll see if i can get it right for monday's entries
  • #32
  • Jul 15, 2007 6:03am Jul 15, 2007 6:03am
Quoting mjolimer
Hi Pino

Thanks for the clarification.

I'm still not sure if the intention is for the targets to include spreads or not.

If i set the orders for a 5 pip gain from my broker then I will need the actual price to go up 8 pips to make this. If I set it for 5 pips then i will make only 2 pip gain. Sadly the effect is the same for the stop loss... so a loss of 30 pips on the chart will actually cost me 33 pips including the spread.

Do you know a broker that gives a spread lower than 3 pips? (That is the level that my broker offers..)

Sorry if I am being thick on this point, but it is something that I am not sure on that could make a big difference if i get it wrong...
Hi mjolimer,
When I place an entry order, this means that spreads won't be included in the target, for example ( with a broker that gives four spreads)
Buy entry order @ 2.0319, this means that when the buy price is 2.0319 it will be executed (Sell price will be 2.0315), we are targeting 2.0324, so when it is executed @ 2.0319 (2.0315 sell price) it will show -4 pips, and then when it goes up to 2.0323 (2.0319 sell price) it will show zero pips, and when it goes up to 2.0328 (2.0324 sell price) it will show 5 pips which is our target.
I hope this is clear.
So orders are (entry orders) NOT market orders, what you mentioned above is market order not an entry order, so try to place entry orders instead
  • #33
  • Jul 15, 2007 6:22am Jul 15, 2007 6:22am
Hi.

Yep. I understand it now.

I used entry orders, but i was confused because my results were different.

I checked back carefully and found that the problem was that one of my orders did not take profit even though the price fell at least 4 pips below the level it had been set.

Also to make matters worse, the stop did not hit on 30 pips but went as far as 38 pips.

I use igforex. This was on a demo account and not on my live account. However I am a concerned by this and will speak to the broker on Monday.

Thanks for your responses.. I'm trying out the orders for Monday.. so let's hope it works for me then!
  • #34
  • Jul 16, 2007 4:30pm Jul 16, 2007 4:30pm
"Peanuts 52" entry orders for Monday, July 16 are:
Buy entry order @ 2.0329 TP 2.0334 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0319 TP 2.0324 (No execution) = zero pips
Buy entry order @ 2.0310 TP 2.0320 (No execution) = zero pips
Buy entry order @ 2.0280 TP 2.0285 (No execution) = zero pips
TP for buy entry order = 5 pips

Sell entry order @ 2.0349 TP 2.0345 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0359 TP 2.0354 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0368 TP 2.0358 (Executed) TP was reached = 10 pips
Sell entry order @ 2.0398 TP 2.0393 (Executed) TP was reached = 5 pips
TP for sell entry order = 5 +5 + 10 + 5=25 pips

Total P/L for Monday, July 16 = 5 + 25 = 30 pips
5 Orders were triggered out of 8

Triggered entry orders since July 9 = 35 out of 48
Win = 33
Loss=2

Win = 211 pips
Loss=-45pips


July 1st Week = no trades
July 2nd Week = 136 pips
July 3rd Week so far = 30 pips

Total P/L since July 9 till now = 166 pips
  • #35
  • Jul 16, 2007 4:33pm Jul 16, 2007 4:33pm
Regarding this order (Sell entry order @ 2.0368 TP 2.0358) it stayed all the day showing loss, till it reached it's TP at the end of the US session, it was a hard and lucky one
  • #36
  • Jul 16, 2007 4:38pm Jul 16, 2007 4:38pm
"Peanuts 52" entry orders for Tuesday, July 17 are:
Buy entry order @ 2.0352 TP 2.0357 Targeting (5 pips)
Buy entry order @ 2.0345 TP 2.0350 Targeting (5 pips)
Buy entry order @ 2.0338 TP 2.0348 Targeting (10 pips)
Buy entry order @ 2.0317 TP 2.0322 Targeting (5 pips)
I'm targeting 25 pips from Buy entry orders

Sell entry order @ 2.0366 TP 2.0361 Targeting (5 pips)
Sell entry order @ 2.0373 TP 2.0368 Targeting (5 pips)
Sell entry order @ 2.0380 TP 2.0370 Targeting (10 pips)
Sell entry order @ 2.0401 TP 2.0396 Targeting (5 pips)
I'm targeting 25 pips from Sell entry orders
  • #37
  • Jul 16, 2007 7:03pm Jul 16, 2007 7:03pm
this system seems to me as a big secret
would u please explain the system to us
how can u select the level at which to enter the trade, sell or buy????
  • #38
  • Jul 17, 2007 1:53pm Jul 17, 2007 1:53pm
Quoting gelkassas
this system seems to me as a big secret
would u please explain the system to us
how can u select the level at which to enter the trade, sell or buy????

I just love people who ask questions without reading the whole thread, but again his/her nick does have the "ass" alphabets togather, so I guess i can't blame him/her.
  • #39
  • Jul 17, 2007 3:42pm Jul 17, 2007 3:42pm
"Peanuts 52" entry orders for Tuesday, July 17 are:
Buy entry order @ 2.0352 TP 2.0357 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0345 TP 2.0350 (Cancelled) = zero pips
Buy entry order @ 2.0338 TP 2.0348 (Cancelled) = zero pips
Buy entry order @ 2.0317 TP 2.0322 (Cancelled) = zero pips
TP for buy entry order = 5 pips

Sell entry order @ 2.0366 TP 2.0361 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0373 TP 2.0368 (Cancelled) Hilarious loss
Sell entry order @ 2.0380 TP 2.0370 (Cancelled) Hilarious loss
Sell entry order @ 2.0401 TP 2.0396 (Cancelled) Hilarious loss
TP for sell entry order = 5 pips + Hilarious loss

To be honest I only entered the 1st level in buy and sell entry orders and I cancelled all other entries before the London session
I mentioned above "Hilarious loss" since I don't know the exact loss figures, as I didn't enter them, but the move of the day was clear.

I will stop posting in this thread till I fix the SL problem specially in a news event day
  • #40
  • Jul 17, 2007 4:17pm Jul 17, 2007 4:17pm
Quoting gelkassas
this system seems to me as a big secret
would u please explain the system to us
how can u select the level at which to enter the trade, sell or buy????
It looks to me like retracement levels (TP zones), where you count that as soon as the price reaches certain level, TP will be triggered and price drops some pips down/up. How about including also buy/sell orders for reaching that levels? With proper SL, it could help against losses in trending days.
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