Trade what you see, not what you think. 
- #1,562
- Dec 19, 2007 5:18am Dec 19, 2007 5:18am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Anyone wants to join me ride the reversal back?
Potentially at least 100 pips more.
+100 today on the live account. That takes care of the two -50's from yesterday, and leaves me +20 overall from a small gain late last week. The system's risk\reward ratio of 1:2 is brilliant. All my trades are placed by saadb's fabulous ea.
It is no more live trading for me until after the holiday now - not much point if the volatility is going to dry up.
I am also demoing EJ (+40 today) and GU (no trade), so the demo is +140 today.
- #1,565
- Dec 19, 2007 6:19am Dec 19, 2007 6:19am
Which broker are you with?
My ea still put some wild orders in today for the g/u.
sell 2.0125
buy 2.0228
these were not correct. I just don't understand what could of happened
. It was working fine until this week. My settings are the same as before+100 gbp/jpy
- #1,567
- Dec 19, 2007 7:30am Dec 19, 2007 7:30am
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
- #1,569
- Dec 19, 2007 8:44am Dec 19, 2007 8:44am
- | Joined Aug 2006 | Status: Trader | 1,024 Posts
Laugh at this. Since I started trading Nico on November 7th, my live account is up 170% annualized.
Please share with us your strategy that outperforms Nico. I'm sure we're all dying to know (seriously, if you can)!
Oh sorry...I overlooked your motto...I'll trust in that! "My ideas are never trade advice."
- #1,570
- Dec 19, 2007 9:16am Dec 19, 2007 9:16am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Anyone wants to join me ride the reversal back?
Potentially at least 100 pips more.
Greed.
It's been fun. GJ scraped along support at .39 for a while, bumping its head against resistance at .70 before finally shooting up. I set a tight trailing stop of 30, so I expect that to be hit soon, but the price hit +46 at one point, so I can't make less than 16.
That is +100 live and +156 demo. Brilliant.
- #1,572
- Edited 11:45am Dec 19, 2007 11:09am | Edited 11:45am
I believe discretionary trading can beat any system out there. But discretionary trading is a lot tougher.
Other then the EURJPY and the GBPJPY trade kicking in by the EA, here is my discretionary trade for the EURUSD. My inital stop was 15 pips away and I was risking 3%. currently the trade is up 66 pips (+13.2% account equity) and my TP is at 306. if it hits my TP, I'll be up 21%, if its my SL, I've set a EA to manage my trade such that worse come to worse it will take my position out at a 3% gain.
My advice, dont just stick to system trading, also try to learn trading (using discretion)
P.S: I'm glad that EA is helping you guys out.
Other then the EURJPY and the GBPJPY trade kicking in by the EA, here is my discretionary trade for the EURUSD. My inital stop was 15 pips away and I was risking 3%. currently the trade is up 66 pips (+13.2% account equity) and my TP is at 306. if it hits my TP, I'll be up 21%, if its my SL, I've set a EA to manage my trade such that worse come to worse it will take my position out at a 3% gain.
My advice, dont just stick to system trading, also try to learn trading (using discretion)
P.S: I'm glad that EA is helping you guys out
.
- #1,573
- Dec 19, 2007 11:30am Dec 19, 2007 11:30am
- | Commercial User | Joined May 2007 | 1,464 Posts
Salaam Brother,
Eid mubarak
Very nice system you have here and i do second your thought on the discretion, no system can beat that, once we have basic knowledge of pivots, ema's and trendlines. This is what makes any system a success, not by following it blindly without understand what makes it work
congrats on ur ea, looks very good, will set it up after the holidays and use it on demo
imran
Eid mubarak
Very nice system you have here and i do second your thought on the discretion, no system can beat that, once we have basic knowledge of pivots, ema's and trendlines. This is what makes any system a success, not by following it blindly without understand what makes it work
congrats on ur ea, looks very good, will set it up after the holidays and use it on demo
imran
I believe, idscretionary trading can beat any system out there. But discretionary trading is a lot tougher.
Other then the EURJPY and the GBPJPY trade kicking in by the EA, here is my discretionary trade by the EURUSD. My inital stop was 15 pips away and I was risking 3%. currently the trade is up 66 pips (+13.2% account equity) and my TP is at 306. if it hits my TP, I'll be up 21%, if its my SL, I've set a EA to manage my trade such that worse come to worse it will take my position out at a 3% gain.
My advice, dont just stick to system trading, also try to learn trading (using discretion)
P.S: I'm glad that EA is helping you guys out
- #1,574
- Dec 19, 2007 2:12pm Dec 19, 2007 2:12pm
- Joined Nov 2005 | Status: EURUSD Quant FREAK | 3,197 Posts
I believe discretionary trading can beat any system out there. But discretionary trading is a lot tougher.
Other then the EURJPY and the GBPJPY trade kicking in by the EA, here is my discretionary trade for the EURUSD. My inital stop was 15 pips away and I was risking 3%. currently the trade is up 66 pips (+13.2% account equity) and my TP is at 306. if it hits my TP, I'll be up 21%, if its my SL, I've set a EA to manage my trade such that worse come to worse it will take my position out at a 3% gain.
My advice, dont just stick to system trading, also try to learn trading (using discretion)
P.S: I'm glad that EA is helping you guys out
- #1,579
- Dec 19, 2007 6:57pm Dec 19, 2007 6:57pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Not take any thunder away from GBPJPY... I trade the EURUSD pair alot, and since this thread is about ranges, just wanted to post a range setup on the EURUSD.
This by no means is a trade recommendation, I my self might not take this trade upon the breakout. I'll let it breakout, see how it doesn't out of this range and then take an appropriate action accordingly. I might not be able to trade this at all, coz I'm going to stop trading after tomorrow and will resume my trading when I'm in London.
But just letting you guys know to keep an eye on the market behavior once it breaks out of the box.
Saaedb
Pull out to the daily chart, and the current range is the bottom of a head-and-shoulder; this suggests to my inexperienced eye that a breakout upwards is imminent.
Then again, the monthly suggests..................
I am not looking for a trading recommendation here; I am just trying to pick your brain in order to learn, so:
What is your instinct\experience telling you? Will the eu break up or down?