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iandekoker's 5 profit target trades

  • #81
  • Oct 26, 2007 10:21am Oct 26, 2007 10:21am
... but I squeaked by. Whew.

Discretion such as you've expressed is what separates winning traders from losing traders. Judgement makes or breaks any system.

Anyway, I have a lot of confidence in those second arrows, so I take 5 times normal position (50 cents / pip). So I have to count the pips 5x.

Went long EU at 12:30 GMT on the 5M. it came within 1 pip of my stop (20 x 5 = 100 pips loss) at 14:10, shot back up, I took 3 pips (tally 15 gave me my target for the day) at 14:44. I see now if I'd waited 10 minutes, it would have made the 5. But I didn't know that then, what I knew is that with one click I could have my target for the day after almost going down 100.
  • #82
  • Oct 26, 2007 1:49pm Oct 26, 2007 1:49pm
Quoting blueruby
... but I squeaked by. Whew.

Discretion such as you've expressed is what separates winning traders from losing traders. Judgement makes or breaks any system.

Anyway, I have a lot of confidence in those second arrows, so I take 5 times normal position (50 cents / pip). So I have to count the pips 5x.

Went long EU at 12:30 GMT on the 5M. it came within 1 pip of my stop (20 x 5 = 100 pips loss) at 14:10, shot back up, I took 3 pips (tally 15 gave me my target for the day) at 14:44. I see now if I'd waited 10 minutes, it would have made the 5. But I didn't know that then, what I knew is that with one click I could have my target for the day after almost going down 100.

Well see the 3 pips you made as 23 pips...Cause you nearly got stopped out. But the market went in your favor and you got a winner...even if it was just 3 pips.

But the most important thing is that you turned a looser into a winner. That is one less looser in your life....lol
  • #83
  • Oct 26, 2007 1:59pm Oct 26, 2007 1:59pm
here is a long trade
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 18 KB
  • #84
  • Oct 26, 2007 2:05pm Oct 26, 2007 2:05pm
here was 3 trades i took this afternoon on gbp/usd

damn the markets were dead.........eur/usd came to a virtual halt.....so i guess i can pack up and start my weekend now
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 21 KB
  • #85
  • Oct 27, 2007 10:25am Oct 27, 2007 10:25am
Quoting iandekoker
here is a long trade
You were a little ahead of the 35 on that one, and didn't have a fresh MA cross. What made you go in?

There was a nice bullish candle just prior...

Often my indicator is a candle late compared to your "eyeball it" signal. That might be why I've been sticking to M5 so much and not liking the 15M. Are you mpre willing to take the trade based on the ramping up DI line on the 15?
  • #86
  • Oct 27, 2007 10:29am Oct 27, 2007 10:29am
Quoting iandekoker
here was 3 trades i took this afternoon on gbp/usd

damn the markets were dead.........eur/usd came to a virtual halt.....so i guess i can pack up and start my weekend now
Do you usually trade afternoons?
  • #87
  • Oct 27, 2007 11:41am Oct 27, 2007 11:41am
Quoting blueruby
You were a little ahead of the 35 on that one, and didn't have a fresh MA cross. What made you go in?

Sorry i actually got in on the candlestick next to blue line...the spinning top...
What made me get in? The candlestick prior to blue line went down and touch the Moving Averages then bounced up. That gave me a clue as to where the market wanna go.

There was a nice bullish candle just prior...

Yes i know...and i am trying to work out a way to catch those bullish candles too. Seems like when +DMI continues to be above the 20 level it is safe to buy....but i will have to study this some more.


Often my indicator is a candle late compared to your "eyeball it" signal. That might be why I've been sticking to M5 so much and not liking the 15M. Are you mpre willing to take the trade based on the ramping up DI line on the 15?
Yes so far i am convinced that you can enter a trade once the DMI breaks above the 10 level.

For conservative trade it is best to enter only when ADX is above 35 level

For more riskier trade you can enter when DMI breaks above 10 level or re-enter while DMI is above 20 level and ADX is rising.
  • #88
  • Oct 27, 2007 11:43am Oct 27, 2007 11:43am
Quoting blueruby
Do you usually trade afternoons?
I must say i am bit reluctant to trade asian session and friday afternoons with this system as i have not tested it enough during those times.

Guess i was just looking for some more pips yesterday...trying to chase the market...which is NEVER a good idea....lol
  • #89
  • Oct 27, 2007 11:50am Oct 27, 2007 11:50am
Don't know whether that helps:
I attach 2 scripts, buy order and sell order. Got them in another forum.
They go in the experts/scripts folder... sorry, info for other readers of this forum
Just change the lot size inside the code to your liking.
Makes it easier - at least for me - as all is set already, TP +5 and SL 20.

I like your 5 pips... good enough for me as an addition to my other trades.
Attached File(s)
File Type: mq4 Buy Order.mq4   < 1 KB | 228 downloads
File Type: mq4 Sell Order.mq4   < 1 KB | 238 downloads
"The only successful substitute for brains is silence."
  • #90
  • Oct 27, 2007 11:54am Oct 27, 2007 11:54am
Quoting DXTrade
Don't know whether that helps:
I attach 2 scripts, buy order and sell order. Got them in another forum.
They go in the experts/scripts folder... sorry, info for other readers of this forum
Just change the lot size inside the code to your liking.
Makes it easier - at least for me - as all is set already, TP +5 and SL 20.

I like your 5 pips... good enough for me as an addition to my other trades.

Thx lemme see how this scripts work

glad you see some sense in 5 pips...lol
  • #91
  • Oct 28, 2007 10:51pm Oct 28, 2007 10:51pm
Guys, do you all catch the same trade like me for today~:?
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 100 KB
  • #92
  • Oct 28, 2007 10:54pm Oct 28, 2007 10:54pm
Yes sir...
"The only successful substitute for brains is silence."
  • #93
  • Oct 29, 2007 12:13am Oct 29, 2007 12:13am
And just made another 5 pips on EUR/USD!
+10 for this Monday now. And London hasn't even opened yet
"The only successful substitute for brains is silence."
  • #94
  • Oct 29, 2007 1:19am Oct 29, 2007 1:19am
Quoting cartoon
Guys, do you all catch the same trade like me for today~:?
Did u enter a long trade where there is a arrow pointing up? And a short trade where the arrow is pointing down?

Sorry i was still asleep so i didnt make any trades...lol
  • #95
  • Oct 29, 2007 1:22am Oct 29, 2007 1:22am
Here is my first long trade for 5 pips this week
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 14 KB
  • #96
  • Oct 29, 2007 1:24am Oct 29, 2007 1:24am
Quoting DXTrade
And just made another 5 pips on EUR/USD!
+10 for this Monday now. And London hasn't even opened yet
Imagine you can make 5 such trades a day? That would be 25 pips per day = 500 pips per month. Not bad hey?
  • #97
  • Oct 29, 2007 1:34am Oct 29, 2007 1:34am
Still long way to go bro iandekoker, but if every things goes just like you say, your trading system not just "not bad", but a very effective trading system.

Let see how long can your system go :, KAMBATEH~!!!
  • #98
  • Oct 29, 2007 1:41am Oct 29, 2007 1:41am
Quoting iandekoker
Imagine you can make 5 such trades a day? That would be 25 pips per day = 500 pips per month. Not bad hey?
Thats my intention?

Although I'm tweaking the system a bit right now... sorry... to make it fit my trading style.
"The only successful substitute for brains is silence."
  • #99
  • Oct 29, 2007 1:53am Oct 29, 2007 1:53am
And here my 3rd GBPUSD trade for today with +5

Below my 2 cable trades from today. I added a 50 SMA and take only long trades when the price is above and only shorts when the price is below.

The two others are 10 EMA and 21 EMA... but I not really care about a cross... it's just safer when the 10EMA is above the 21EMA as well.

Just my 2 cents...
I don't want to hijack your thread here
Tell me if it bothers you!
Attached Image
"The only successful substitute for brains is silence."
  • #100
  • Oct 29, 2007 2:33am Oct 29, 2007 2:33am
Quoting cartoon
Still long way to go bro iandekoker, but if every things goes just like you say, your trading system not just "not bad", but a very effective trading system.

Let see how long can your system go :, KAMBATEH~!!!
well let's see how the system goes. So far i like it, but only time will tell
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