Supernova GBP/JPY Mini Trend Catcher

Managed to squeeze another 20 pip scalp out. I will watch it a little longer and then I am off to bed.

Dog stylin' the pound!

NOFX

Hi,

Yes I have the smiley face I will check the QQea and do as you stated thanks Trend.....

I was gonna post a trade I am in now but the forum is effing up again and won't let me post charts lol. Try again in a bit.

He Doggy-Dog!

The chart will show up later eventually. It seems to be a major bug after resetting the servers here at FF. A bit annoying, but compared with the old times on Fido net, when mails were travveling slower than stamped post, this is still so nice!

Hope you are still in it now - just shorted the GBPJPY and already up more than 100 pips. Oh - just realize: Close to 200 pips!

Greetings and have a good night!
GnatFly

Ok - got it working. Here it is - I am still in this but have moved my stop up to keep 100 pips on the second lot. Morning Gnat!

Yes, I do trade by those rules, but I am looking at the longer timeframes only to determine the "dawning entries" from the 5M+15M. By looking into the longer TFs you already filter a lot of noise and short lived signals. Then I trade them from the longer TFs also in order not to close too early and leave the bigger cash on the table. (That is with smaller lotsizes)
With bigger Lots I take some sure, all indies applauding trades and close them after 20 - 50 pips.

Greetz!
Gnat

It bounced off your Pivot there! Guess it will retry it. If it does not get through on the next try, we may see long continuation and move the stops even closer!

Hey Flyman,

Exactly, I almost got stopped out just now but it seems to have recovered. I will have to go to bed soon as it is 4 am. If I don't the egglettes will trample me in the morning. Good trading to you and I am glad you got a piece of this one!

Doggy

I just got stopped out - gonna go sleep now. See all of you tomorrow. Great trading and massive pips to everyone.


NOFX

Hey - Thanks!
Have a good night and good nerves tomorrow!!

Hi!

It is very nice to post your trades. But I'd like to say clear if you demo trade or you are trading live. What do I say this? Cause wannabe-demo-traders make a lot of pips each day.

GBPJPY gave a sell signal at the close of 10:30bar @ 230.91.

Ok, next bar opened at 230.90. It went down to 230.81 and then up to 231.52. It closed at 230.86. As you can see here, it went 60 pips against you. Sixty naked pips. If you were trading live, and when I mean live I do not mean mini lots, those 60 pips against you are at least -$600. And I say at least. More, that trade was made during BOE report, which means that when you see it go up against you like it did, you close it right away.

You might think you help people saying how good you are or how many pips you make and you are not.

And what about the signals we had at 03:30gmt and 04:15gmt. Please, be honest with yourself.

Nofx

How do you deal with it when price jumps up and down so much when you are short the pair? No indicator can tell you if its time to get out or not.... Do you always trade a specific time using the Supernova? I have noticed that around 5AM EST or thereabouts, the GBPJPY moves well over 100 PIPs within 15 minutes.

Hallo marc!

I am not the guy to tear into people, so I will first answer your questions. I am trading live. I only backtest EAs on demo. I do not see where you could have found any notion that I am trading demo, but it is really interesting to be attacked this way, as you have been around for a while and I guessed you might have read the thread.
Being in your eyes a "wannab-demo-trader" I would like to refer you to my wife, who demands real money from my "demo trades" on a weekly basis. I have a house and a few cars, three kids and family and they are all living full time on my demos!
Remember that even the EAs were running on 0.1 minilots from the very beginning to monitor the real retail world. And I did this to be able to post results that would stand the test any time.
Now to your interesting collection of data. How do you know which timeframe I am trading of? On my 1H chart there is no candle closing at 10:30. The BOE inflation report only had a chance to make the downside risk for GBP even bigger as it might have been calling for a rate decision later on to the negative side! After the CPI was out a day earlier there was not much chance left for a "surprise".
I entered at 11:10, you will really wanna check on that. And on your interesting statement that live trading has to be done with standard lots? Stuff it. This is such a devastatingly stupid remark that I begin to feel sorry for you. This is the GBPJPY. If you are making consistent profits on 1 - 3 minilots trading manually, you may easily earn enought to be very happy in the end. Nobody is asking you to slavishly follow the dots and do not think about the market situation, resistance lines and so on. Only the EA will not head that and produce loosing trades every once in a while.
And to go 600$ into the negative is something you either get used to on this pair or you just trade smaller lots or STAY OUT OF IT. And if you had a loosing streak today, then try to figure out what the cause may have been, but stop trying to find the fault with other people posting their trades here to give others a feeling for the system!

And on 3:30 or 4:30 GMT I am in bed. And it is a time where I would refrain from trading manually anyway most of the time. So I see no need to change my sleeping schedule to loose my money in an attempt to copy others in the thread. There are signals that are not valid for a longer term or instantly reversed. Especially on the smaller TFs. Just invert your way of looking into it and seek for scenarios on the longer timeframes to find early entries for those on the 15M then. Nobody has ever said that this was a free lunch! Nofx and Awesome have added some safety measures to their manual style to be kept out of bad trades.

They then do not post pseudo-intellectual mischief here and do some figuring out on their own. Something that I would ask everybody else to do also. And just learn about the pairs you are trading!!

I will tell you about being honest with "myself"! Just by answering your half-crazed remarks I have missed the inevitable retracement from the move down that I had set up to trade! At least 60 pips lost on your bickering!

Thanks
The Demomoneyspender!

EIDT: Here we go - frustration but on another thread.... But it is still my responsibility right? #497

would you post your template please??

Thanks
TM

Marc f*ck off

Here you go, put this back in your pram.

A very short formula there My Lord! :

Well what an utterly useless and misinformed comment. That's all I could be bothered to offer

Right on Gnat! I have been following this thread for a bit now and all I can say is that you, Nofx, Awesome and Qpip have been doing a great job and if it wasn't for you guys and gals doing all your hard work and sharing your ideas I wouldn't know where to start. We do not need any negative remarks here. We're here to help to each other. This is a "great" group so let's keep it that way!

Thanks for everything you do!

Hi Ruler of the Pips!

(Be they demo or not !) I actually took some time now, as I missed the trade anyway earlier, to go through the thread again and look at Marc's posts and whether there were times he was not answered or anything to tick him off like that. Nothing! Well, he may have had this loosing streak as he posted on a completely different system here at FF and had to go somewhere with his frustration.
Maybe I should rather become a pastor, but I give him the benefit of a second try! I learned to contain my aggressions at Kung Fu. Maybe something to try and definitely not the wrongest thing for a trading mindset.

This here is really work and we are also working quite hard on the weekends to make up for the time most of the above mentioned "loose on their jobs". Hehehe... And in the end we will just make some nice money from a non-curvefitting-system. We just need motivation to stick around to post it. Thanks for giving me that, oh Ruler!

Ciao
Matt

@ stace

Look here for some guidance on the settings: #2154

See ya later!
Gnat