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Daily95pips

  • #301
  • Sep 11, 2007 10:25am Sep 11, 2007 10:25am
Quoting SynWind
IMHO
i really think Bksujal system is a great one and little should be change to it. i think Money Management should be in to make it work better. hopefully..someone can share some like on the MM part.
You may be right, but I don't think we know what his system is.
Once we find out what it is MM may improve it.
  • #302
  • Sep 11, 2007 10:32am Sep 11, 2007 10:32am
i thought he said that we long or short base on daily high low??
i think MM will helps us to mins losses and win more.

Quoting billbss
You may be right, but I don't think we know what his system is.
Once we find out what it is MM may improve it.
  • #303
  • Sep 11, 2007 10:48am Sep 11, 2007 10:48am
Quoting SynWind
i thought he said that we long or short base on daily high low??
i think MM will helps us to mins losses and win more.
Here we go
For example.
Risk on each trade no more than 1-3% of your account.. Like say the ATR(14) is 100 say your SL is 50% of that so you risk capital*3%/50 per point. Then you say if 50% of the ATR(14) in gain then you trail your SL to break even and you close 1/3 of you rpositions when 100% of the ATR(14) is your gain the you close further 1/3 of you positions. and leave the rest till the end of the day....
One approach
.
  • #304
  • Sep 11, 2007 12:43pm Sep 11, 2007 12:43pm
Bksujal...you are da bomb!

Trading has worked like a charm! Made 50 pips from EUR/JPY bksujal entry order trades each of the last two days. Used 30SL. Oanda is my dealer platform. Last night's trade was triggered after midnight CDT to the exact pip @ 157.12 long. Did not enter any dealer spread which may be throwing some of you off. I am entering 50 pip TP, because bksujal said this strategy should deliver 50 pips a day, and that his favorite pair is the EUR/JPY.

Bksujal, can you please explain how you determine SL and TP levels on the four currency pairs you seem to be trading?

Why are the entry levels @ 10% less than previous day's Hi and 10% more than the Lo? Is 10% anything more than an arbitrarily chosen number?

So no matter where the current price is @ your trade time, you place a limit order, and if your entry level is filled you have a trade, and if the price doesn't touch your entry level, there is no fill and no executed trade?

Thanks for all your help!
  • #305
  • Sep 11, 2007 12:55pm Sep 11, 2007 12:55pm
Sorry...one more question, Bksujal.

You have stated that when the current price at trade time is close to the Hi, you place a short trade only, and vice versa for the Lo.

What determines close proximity to the Hi or Lo? If the price is hovering near mid-point do you straddle a trade from both Buy and Sell entry levels? Or if the price is merely one pip closer to the HI, is that enough to make a Sell trade only?

Much obliged.
  • #306
  • Sep 11, 2007 12:55pm Sep 11, 2007 12:55pm
I think I see what happened yesterday on the E/J. He could have put in an short entry limit order at 17:00 EDT for 157.12. The price was below that at the time, but 8 hours later, I show a candle that did go up and touch 157.12 which would have triggered the order. On the next candle it went down 81 pips which accounts for his profit.

So, it looks to me like if you are indicating that you should only do short orders, if the price is below your entry price at 17:00, then put in an entry limit order and if the price is above your entry point, put in an entry stop order.

Now I feel much less confused. I'm anxious to try this today on demo.
  • #307
  • Sep 11, 2007 12:59pm Sep 11, 2007 12:59pm
Quoting Bobcat2
Bksujal...you are da bomb!

Trading has worked like a charm! Made 50 pips from EUR/JPY bksujal entry order trades each of the last two days. Used 30SL. Oanda is my dealer platform. Last night's trade was triggered after midnight CDT to the exact pip @ 157.12 long...
Bobcat,

You went long last night?

Bksujal's method called for us to go short, since the most recent price was closer to the high of the day.

Jeff
Jeff Singer, K2KV
  • #308
  • Sep 11, 2007 1:11pm Sep 11, 2007 1:11pm
K2KV,

You are absolutely correct...I should have said a Sell limit order as per your correction! My bad...sorry! I was of course thinking of the Hi entry level, but I needed to have stated that would necessitate a Sell order.

Thanks for your correction!

Bobkat
  • #309
  • Sep 11, 2007 1:43pm Sep 11, 2007 1:43pm
Quoting brucehvn
I think I see what happened yesterday on the E/J. He could have put in an short entry limit order at 17:00 EDT for 157.12. The price was below that at the time, but 8 hours later, I show a candle that did go up and touch 157.12 which would have triggered the order. On the next candle it went down 81 pips which accounts for his profit.

So, it looks to me like if you are indicating that you should only do short orders, if the price is below your entry price at 17:00, then put in an entry limit order and if the price is above your entry point, put in an entry stop order.

Now I feel much less confused. I'm anxious to try this today on demo.
The EUR/JPY can be explained. I would have been stopped out on it, but that could have been because of differences in broker data.

Now, try explaining +25 pips on EUR/USD and +35 on GBP/USD.

No way. He has to be using rules other than what he has indicated
  • #310
  • Sep 11, 2007 2:12pm Sep 11, 2007 2:12pm
Mikelath, your results for today?

I trade the 95Daily today in all your six pairs in a demo and the results is not good for today.

Thanks.
  • #311
  • Sep 11, 2007 2:20pm Sep 11, 2007 2:20pm
I guess we are all just starting to learn bksujal's trading strategu. Truth be known, I have made several inquiries with no responses, so I am disappointed with the comminication aspect. In all fairness, bksujal neither promised to divulge everything, nor provide support. Regardless, I am grateful for what he has provided, so far.

Having said that, I took a look at last night's GBP/USD trade. The strategy called for Buy @ 2.0268. The market topped @ 4AM CDT @ 2.0330 for a 62 pip profit, if you got it all.

I did not look at the Eur/USD, but between EUR/JPY and GBP/USD, this looks, indeed, very promising.

Bobkat
  • #312
  • Sep 11, 2007 2:27pm Sep 11, 2007 2:27pm
Quoting Bobcat2
I guess we are all just starting to learn bksujal's trading strategu. Truth be known, I have made several inquiries with no responses, so I am disappointed with the comminication aspect. In all fairness, bksujal neither promised to divulge everything, nor provide support. Regardless, I am grateful for what he has provided, so far.

Having said that, I took a look at last night's GBP/USD trade. The strategy called for Buy @ 2.0268. The market topped @ 4AM CDT @ 2.0330 for a 62 pip profit, if you got it all.

I did not look at the Eur/USD, but between EUR/JPY and GBP/USD, this looks, indeed, very promising.

Bobkat
Yes, but you would have been down over 32 pips before you hit any profit at all.
According to him he has a 1:2 risk reward ratio. He has repeated that several times.

If he targeted a PT of 35 pips, he had to have a Stop Loss of 17 or 18 pips. He would have been stopped out.
  • #313
  • Sep 11, 2007 3:23pm Sep 11, 2007 3:23pm
Quoting brucehvn
I think I see what happened yesterday on the E/J. He could have put in an short entry limit order at 17:00 EDT for 157.12. The price was below that at the time, but 8 hours later, I show a candle that did go up and touch 157.12 which would have triggered the order. On the next candle it went down 81 pips which accounts for his profit.

So, it looks to me like if you are indicating that you should only do short orders, if the price is below your entry price at 17:00, then put in an entry limit order and if the price is above your entry point, put in an entry stop order.

Now I feel much less confused. I'm anxious to try this today on demo.

Bingo! I stated that in an earlier post
  • #314
  • Sep 11, 2007 4:38pm Sep 11, 2007 4:38pm
Hi Billbss,

Yesterday's bksujal EUR/JPY Buy signal was filled @ 2.0268. My chart shows the low @ 2.0263 which is only 5 pips, not 17 or 18. If true, he would not be stopped out.

The truth is that bksujal may also have manually closed out his trade and not relied on the TP to end the trade.

I wish that he would give us some more insight as to how he trades, because the finer points are open to speculation, and we can easily have far different results from one another.

Best regards,
Bobkat
  • #315
  • Sep 11, 2007 5:00pm Sep 11, 2007 5:00pm
Quoting Bobcat2
Hi Billbss,

Yesterday's bksujal EUR/JPY Buy signal was filled @ 2.0268. My chart shows the low @ 2.0263 which is only 5 pips, not 17 or 18. If true, he would not be stopped out.

The truth is that bksujal may also have manually closed out his trade and not relied on the TP to end the trade.

I wish that he would give us some more insight as to how he trades, because the finer points are open to speculation, and we can easily have far different results from one another.

Best regards,
Bobkat
I was talking about the GBP/USD being stopped out.

I can go along with the profit on the EUR/JPY although I would have been stopped out using my broker.

If he closed it manually, then he is using some other method. The method he described here did not mention manually closing a trade- not that I can find.
  • #316
  • Sep 11, 2007 5:03pm Sep 11, 2007 5:03pm
Hi people.
I feel honoured to 'host' on this thread what is potentially a great strategy shared with us by bksujal. I too have started demo trading it.
I will continue to post results for Daily95pips and will also add my results from bksujal's system. So far I've only traded EURJPY and GBPUSD with 40TP and 25SL. I'll add GBPJPY and may adjust TP and SL levels as I go.
Results for this week are as follows:

Daily95pips.
Date: Monday 10 September 2007
GBPUSD -90
GBPJPY no touch
USDJPY no touch
EURJPY no touch
EURUSD -15

Total: -105pips

Comment: The cable trade only just triggered before retracing to the stop.
Manually closed out EURUSD.

Date: Tuesday 11 September 2007
GBPUSD -135
GBPJPY -90
USDJPY -90
EURJPY +95
EURUSD +49

Total: -171pips

Comment: Both long and short orders triggered on GBPUSD. GBPJPY and USDJPY triggered only to be stopped out before price continued to go beyond all 3 profit targets.


bksujal system.
Date: Monday 10 September 2007
GBPUSD +31
EURJPY +40

Total: +71pips

Comment: A great ranging day. There were a lot more pips in the EURJPY than my 40TP, so may adjust levels or use mutliple profit targets in future. Will most likely add GBPJPY to the mix. Manually closed out GBPUSD trade.

Date: Tuesday 11 September 2007
GBPUSD -25
EURJPY -25
GBPJPY -25

Total: -75pips

Comment: Some on this thread had different results based on different TP and SL levels, broker data and entry times.
  • #317
  • Sep 11, 2007 5:29pm Sep 11, 2007 5:29pm
If someone could verify this for me again, so i can see if i got it correct this time:

Eur/jpy
hi - 158.22
lo - 156.30
range = 192 10% = 19
ended hi so go short 158.22 - 19 = 158.03 entry point

am i off again or does this look correct?

Thanks again for the verification.
  • #318
  • Sep 11, 2007 5:40pm Sep 11, 2007 5:40pm
Quoting c0mputernick
If someone could verify this for me again, so i can see if i got it correct this time:

Eur/jpy
hi - 158.22
lo - 156.30
range = 192 10% = 19
ended hi so go short 158.22 - 19 = 158.03 entry point

am i off again or does this look correct?

Thanks again for the verification.
That's within 3 pips of what I got.
I use FXDD. The brokers can vary that much.
Be sure you didn't take the high from the 1700 bar.
  • #319
  • Sep 11, 2007 5:45pm Sep 11, 2007 5:45pm
Ok computernick, is right your entry point. with my broker is 158.00.

I'm in NZDJPY and GBPUSD with the bksujal.

Good lucK!
  • #320
  • Sep 11, 2007 6:01pm Sep 11, 2007 6:01pm
Quoting billbss
That's within 3 pips of what I got.
I use FXDD. The brokers can vary that much.
Be sure you didn't take the high from the 1700 bar.
I took the high on the 1700 bar. Is that wrong?
158.22? the next highest would be 158.17 (forex.com broker)
the lower high would drop the range to 18.7 which would round
to 19, which would be the same as i had before.
158.22-19=158.03 entry point right?
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