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  • #81
  • Jan 25, 2008 4:58am Jan 25, 2008 4:58am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting razldazl
OK

add 150 units at 1.4729, sl on all three at -21 deep so 1.4608
at 1.4744 pull stops to -15 deep so 1.4629
...
nearly lost me with the numbers, but after all your blonde, so well let you oFF

ok so trailing the stops or not?
the way i see - if you manually trail the stops, you can keep your circuit going and add more and more cycles, at some point you could have 5+ cycles open with no account risk and the first one sitting way back down the line by keeping the trail 100pips or more of price, as price moves or a cycle is added all previous positions could be moved into profit using a reverse pyramid cycle,
add one position move profit up 1pip, add another position move profit up 5pips and so until the adding of pips brings all trade inline.

this would avoid some of the 50/60/70pip swings taking out all of your posistions and allow some to be longer term - assuming they are with trend.

i think this is going to develope into a mean trading system and if the rules are fixed - we can create an EA so we can sleep.LOL
  • #82
  • Jan 25, 2008 5:02am Jan 25, 2008 5:02am
Quoting MPP
nearly lost me with the numbers, but after all your blonde, so well let you oFF

ok so trailing the stops or not?
the way i see - if you manually trail the stops, you can keep your circuit going and add more and more cycles, at some point you could have 5+ cycles open with no account risk and the first one sitting way back down the line by keeping the trail 100pips or more of price, as price moves or a cycle is added all previous positions could be moved into profit using a reverse pyramid cycle,
add one position move profit up 1pip, add another position move profit up 5pips and so until the adding of pips brings all trade inline.

this would avoid some of the 50/60/70pip swings taking out all of your posistions and allow some to be longer term - assuming they are with trend.

i think this is going to develope into a mean trading system and if the rules are fixed - we can create an EA so we can sleep.LOL
LOL, sleep is important!
The other thing is we will have to organize it so that one trade isnt in until the other is triggered, because I just did a blonde and was setting my orders and my second one got triggered (because we are at 1.4708) so well yes I totally agree why not an EA, are you good at that sort of thing?
Never say never.
  • #83
  • Jan 25, 2008 5:04am Jan 25, 2008 5:04am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
[quote=razldazl;1820414]LOL, sleep is important!
The other thing is we will have to organize it so that one trade isnt in until the other is triggered, because I just did a blonde and was setting my orders and my second one got triggered (because we are at 1.4708) so well yes I totally agree why not an EA, are you good at that sort of thing?[/quote]

No but i know a man that is, also if you post in the MT4 forum, you will quite often get a number of people that would like to help, i love this factory, full of so many nice people.
  • #84
  • Edited 7:34am Jan 25, 2008 5:14am | Edited 7:34am
Ok,
well anyway I still have a lot of work here, btw, I changed my sequence, to make the sl a bit larger and give myself a bit more room on the initial trade,
so using the 84,56,21,15,10,6,3,1 and the 28,21,15,10,6,3,1 for position add ons...although I would only use three for now...and once it gets to 10 sl not add just move sl up, then after 6 open the new trade..

and writing this mostly for my own benefit but also because MPP wasnt getting my numbers, take care, Raz
Ahhhh no he got my numbers, I didnt get my numbers lol, going to adjust now...
Never say never.
  • #85
  • Jan 26, 2008 2:59am Jan 26, 2008 2:59am
My eur posi has been taken
so long at 1.4680 sl 1.4596

Ive been thinking about the circuit idea, but I have decided I prefer just to continue adding as we move up or down in a trend...I have to keep in mind that on most brokers your positions get averaged so in a way its a pain and in another way it simplifies things...but it means that my positions wont be separate and so for example,
If I buy 2.8 lots and then add 2.1 I will have 4.9 lots on one averaged entry point...so then from this 4.9 I could add a smaller amount, but actually larger than what I could have if I were adding to the original 2.8...I am going to work on this today and see what I come up with...take care, Raz
Never say never.
  • #86
  • Jan 28, 2008 3:12am Jan 28, 2008 3:12am
Eur long
280 units at 1.4680, sl now at 1.4652 (56 deep, max loss -28)
added 210 units at 1.4708, sl at 1.4652 (56 deep)
Never say never.
  • #87
  • Edited 5:31am Jan 28, 2008 5:30am | Edited 5:31am
Initial position:
280 units at 1.4680
added 210 units at 1.4708
added again 150 units at 1.4729, sl on all three now at 1.4708

first position has locked in profit of 28, second at breakeven and third max -21
Never say never.
  • #88
  • Jan 28, 2008 7:23am Jan 28, 2008 7:23am
280 units at 1.4680
added 210 units at 1.4708
added again 150 units at 1.4729
added again 100 units at 1.4744, sl on all three now at 1.4729, so locked in 49 pips on 1st, 21 pips on second 3rd is breakeven at worst and fourth would be -15 at worst
Never say never.
  • #89
  • Jan 28, 2008 8:04am Jan 28, 2008 8:04am
What is a pre-madonna and better yet, is there such a thing as a post-madonna?

Thanks in advance.

Quoting razldazl
280 units at 1.4680
added 210 units at 1.4708
added again 150 units at 1.4729
added again 100 units at 1.4744, sl on all three now at 1.4729, so locked in 49 pips on 1st, 21 pips on second 3rd is breakeven at worst and fourth would be -15 at worst
  • #90
  • Jan 28, 2008 8:14am Jan 28, 2008 8:14am
Quoting tdion
What is a pre-madonna and better yet, is there such a thing as a post-madonna?

Thanks in advance.
LOL,
this is kind of funny, someone on the j16 thread wrote pre-madonna instead of prima dona a long time ago, and at the time I had a good laugh, (in a nice way, you know there are so many people for whom English is a second language and we get these funny mistakes...oops you know there are also a lot of people who just dont know how to spell too!) So could have been either, then you know being over 40 I kind of related to the idea of being pre-Madonna (singer)..you are the first person to ask, Im always wondering if people think I dont know how to spell either , take care, Raz
Never say never.
  • #91
  • Edited 8:49am Jan 28, 2008 8:44am | Edited 8:49am
280 units at 1.4680
added 210 units at 1.4708
added again 150 units at 1.4729
added again 100 units at 1.4744
added 60 units at 1.4754, all stops are now at 1.4744
So first trade has 64 pips locked in, 2nd 36 locked in, 3rd has 15, fourth is at be and fifth is risking 10 pips as it stands, take care, Raz
Never say never.
  • #92
  • Edited Jan 29, 2008 2:38am Jan 28, 2008 12:14pm | Edited Jan 29, 2008 2:38am
280 units at 1.4680
added 210 units at 1.4708
added again 150 units at 1.4729
added again 100 units at 1.4744
added 60 units at 1.4754, all stops are now at 1.4757(+77+49+28+13+3)
If we keep going up without getting stopped I will add another 280 units at 1.4841 with sl at 1.4757...so all posis would be stopped at once, the most recent one at -84, the others would all be in profit( +77,+49,+13,+3) then the same addition routine as before, and the earlier positions would all have the same stops as the new positions.
Never say never.
  • #93
  • Edited 2:37am Jan 29, 2008 2:05am | Edited 2:37am
All out at 1.4757(+77+49+28+13+3)
Never say never.
  • #94
  • Edited 4:17am Jan 29, 2008 3:58am | Edited 4:17am
Sell usdchf 280 units @1.0930 sl 1.1014(max drawdown -84)
will add 210 units at +28(if seen) so 1.0902 sl brought up to -56 deep on both so 1.0958
again will add 150 units at +21 if seen so 1.0881 sl on all 3 at -28 deep so 1.0909
Never say never.
  • #95
  • Jan 29, 2008 4:14am Jan 29, 2008 4:14am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting razldazl
Sell usdchf 280 units @1.0930 sl 1.0114(max drawdown -84)
well done on the Eu pips,
this is not even a pair i've looked at before, any chance of a chart and reasons behind the trade, i agree the pair is short, but not sure of the entry conditions.
  • #96
  • Jan 29, 2008 4:26am Jan 29, 2008 4:26am
My pleasure here you are...
I have a friend who has a book in which he introduces what he calls trendfans, so Ive been experimenting with them, the trendline also coincides nicely with 50 fib of last downmove and direction I was looking for...lets see how it goes...Raz
Attached Image
Never say never.
  • #97
  • Jan 30, 2008 4:29am Jan 30, 2008 4:29am
Swissy sell at 1.0930
added 210 units at 1.0902
and added 150 units at 1.0881 sl on all 3 at -28 deep so 1.0909 on all three positions, so locked in 21 on first, max -7 on second and max -28 on third
Never say never.
  • #98
  • Edited Jan 31, 2008 3:45am Jan 30, 2008 7:27am | Edited Jan 31, 2008 3:45am
swissy closed at 1.0909, first position +5880 units, 2nd -1470, third -4200, so still not in the red on this one (+210 units overall)
Thats what I call a good loser!
Never say never.
  • #99
  • Jan 30, 2008 6:43pm Jan 30, 2008 6:43pm
Hi Raz... sorry I have not commented much... or maybe that's a good thing... gone through three sets of batteries on my calculator since you stared your thread... !!!

We have touch the top of he triangle.... always sooner than I expect... amazing how it just shoots there sometimes... looking for a reason to go short here... I think...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.GIF Size: 12 KB
  • #100
  • Jan 31, 2008 1:43am Jan 31, 2008 1:43am
Hiya Tiki,
Gotta love YOUR numbers!!
Well, I am not a dollar bull yet, rather buy eur from lower down personally...
Never say never.
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