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Attachments: Weekly 80/20 Setups
Exit Attachments

Weekly 80/20 Setups

  • #101
  • Apr 21, 2008 7:55am Apr 21, 2008 7:55am
Closed Trade #31:
Enter Date Direction Pair Price Exit Date Price Pips
13-Apr-08 Long NZD/USD 0.7892 21-Apr-08 0.7968 +76

http://i276.photobucket.com/albums/k...USD21APR08.jpg

Overall Results:
+3178 Cumulative Pip Total

25 Winning Trades (+168.88 pips/win)
6 Losing Trades (-172.33 pips/loss)
80.65% Win Rate
+102.52 Pips/Trade


By Pair:
GBP/JPY +510
GBP/USD +283
USD/JPY +192
USD/CHF +586
EUR/USD +985
AUD/USD +194
NZD/USD +406
USD/CAD +211
EUR/GBP +280
EUR/JPY -388

I currently have OPEN positions in:

Trade No. Enter Date Direction Pair Price
#19) 21-Mar-08 Short USD/JPY 99.53
#29) 10-Apr-08 Short USD/CHF 1.0082
#34) 16-Apr-08 Long USD/CAD 1.0080
#35) 16-Apr-08 Short EUR/JPY 161.45
#36) 17-Apr-08 Short GBP/JPY 202.02
#37) 17-Apr-08 Short GBP/USD 1.9875
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 18-Apr-08 Long EUR/USD 1.5721


http://forexfactory.com/images/misc/progress.gif

  • #102
  • Apr 21, 2008 8:52am Apr 21, 2008 8:52am
Quoting beyeu123
EURJPY :
80% Projected : 204.49
20% Projected : 200.51
-> My broker is Alpari UK

Is this a valid entry points ?

Thanks Flyjetz for this method.
Sorry,these entry points just for GBPJPY.I'm wrong
  • #103
  • Apr 21, 2008 6:09pm Apr 21, 2008 6:09pm
Quoting Flyjetz
Closed Trade #31:
Enter Date Direction Pair Price Exit Date Price Pips
13-Apr-08 Long NZD/USD 0.7892 21-Apr-08 0.7968 +76

http://i276.photobucket.com/albums/k...USD21APR08.jpg

Overall Results:
+3178 Cumulative Pip Total

25 Winning Trades (+168.88 pips/win)
6 Losing Trades (-172.33 pips/loss)
80.65% Win Rate
+102.52 Pips/Trade


By Pair:
GBP/JPY +510
GBP/USD +283
USD/JPY +192
USD/CHF +586
EUR/USD +985
AUD/USD +194
NZD/USD +406
USD/CAD +211
EUR/GBP +280
EUR/JPY -388

I currently have OPEN positions in:

Trade No. Enter Date Direction Pair Price
#19) 21-Mar-08 Short USD/JPY 99.53
#29) 10-Apr-08 Short USD/CHF 1.0082
#34) 16-Apr-08 Long USD/CAD 1.0080
#35) 16-Apr-08 Short EUR/JPY 161.45
#36) 17-Apr-08 Short GBP/JPY 202.02
#37) 17-Apr-08 Short GBP/USD 1.9875
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 18-Apr-08 Long EUR/USD 1.5721



http://forexfactory.com/images/misc/progress.gif

Very nice, I entered last night around 8:00 EST,using your older positions and getting a better price. Currently + 650 pips.

Thanks,elmster
  • #104
  • Apr 21, 2008 8:44pm Apr 21, 2008 8:44pm
Elmster,

Congrats. I hope you find this system to be as profitable as I have.
  • #105
  • Apr 22, 2008 1:08pm Apr 22, 2008 1:08pm
Closed Trade #39:
Enter Date Direction Pair Price Exit Date Price Pips
18-Apr-08 Long EUR/USD 1.5721 22-Apr-08 1.5991 +270

http://i276.photobucket.com/albums/k...USD22APR08.jpg

Overall Results:
+3448 Cumulative Pip Total

26 Winning Trades (+172.77 pips/win)
6 Losing Trades (-172.33 pips/loss)
81.25% Win Rate
+107.75 Pips/Trade


By Pair:
GBP/JPY +510
GBP/USD +283
USD/JPY +192
USD/CHF +586
EUR/USD +1255
AUD/USD +194
NZD/USD +406
USD/CAD +211
EUR/GBP +280
EUR/JPY -388

I currently have OPEN positions in:

Trade No. Enter Date Direction Pair Price
#19) 21-Mar-08 Short USD/JPY 99.53
#29) 10-Apr-08 Short USD/CHF 1.0082
#34) 16-Apr-08 Long USD/CAD 1.0080
#35) 16-Apr-08 Short EUR/JPY 161.45
#36) 17-Apr-08 Short GBP/JPY 202.02
#37) 17-Apr-08 Short GBP/USD 1.9875
#38) 18-Apr-08 Long EUR/GBP 0.7953
  • #106
  • Apr 22, 2008 1:16pm Apr 22, 2008 1:16pm
Quoting dragosd1
...why did you enter so late with them, today it's Friday...
could you please clarify?
Maybe by looking at this last trade, you will see the benefit of getting back in. Had I not placed another entry point after closing last week, I would have never gotten into this nice runup in the Euro. The Yellow Trend Line is the weekly entry price for this week. You can see if I had waited until after the weekend to enter a new entry price, the price would have never hit the yellow line, and we would have missed this great opportunity to bag 270 pips!

http://i276.photobucket.com/albums/k...etz/Lesson.jpg
  • #107
  • Apr 22, 2008 1:51pm Apr 22, 2008 1:51pm
oh oh i missed this one, nevertheless nice job flyjetz....hopefullythe yen crosses coporates this week.
  • #108
  • Apr 22, 2008 2:12pm Apr 22, 2008 2:12pm
Quoting goodness
oh oh i missed this one, nevertheless nice job flyjetz....hopefullythe yen crosses coporates this week.

Goodness, why do you keep missing these trades? I give you all the entry and exit levels on the weekend!! Just plug them in, let them run, and bag the pips!
  • #109
  • Apr 22, 2008 2:34pm Apr 22, 2008 2:34pm
Quoting Flyjetz
Maybe by looking at this last trade, you will see the benefit of getting back in. Had I not placed another entry point after closing last week, I would have never gotten into this nice runup in the Euro. The Yellow Trend Line is the weekly entry price for this week. You can see if I had waited until after the weekend to enter a new entry price, the price would have never hit the yellow line, and we would have missed this great opportunity to bag 270 pips!
Yep, true, but the week is just at the beggining, we don't know if the price will continue north or it will make a short trip until our buy level for this week...
anyway, I get the ideea.
I don't say
  • #110
  • Apr 22, 2008 2:40pm Apr 22, 2008 2:40pm
Hi Fly,

thank's for introducing this nice and easy-to-handle system..it is impressive.

Just a few questions, in regards to the 10 pairs you post here.

1. I roughly calcualte your present drawdovn on open positions to be like 6-800 pips. What is the max. DD you have had in the 3 month period?

2. If you see a pair which is "yellow" in the spreadsheet (undecided/ranging slope), how do you decide to buy or sell? I think of the EJ trade where u went short last, but the near trend is up? (20 weeks is ranging, therefore I would assume a long here would be most logic or did I miss something)?

Thank's a lot,

PC


Overall Results:
+3178 Cumulative Pip Total

25 Winning Trades (+168.88 pips/win)
6 Losing Trades (-172.33 pips/loss)
80.65% Win Rate
+102.52 Pips/Trade


By Pair:
GBP/JPY +510
GBP/USD +283
USD/JPY +192
USD/CHF +586
EUR/USD +985
AUD/USD +194
NZD/USD +406
USD/CAD +211
EUR/GBP +280
EUR/JPY -388

I currently have OPEN positions in:

Trade No. Enter Date Direction Pair Price
#19) 21-Mar-08 Short USD/JPY 99.53
#29) 10-Apr-08 Short USD/CHF 1.0082
#34) 16-Apr-08 Long USD/CAD 1.0080
#35) 16-Apr-08 Short EUR/JPY 161.45
#36) 17-Apr-08 Short GBP/JPY 202.02
#37) 17-Apr-08 Short GBP/USD 1.9875
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 18-Apr-08 Long EUR/USD 1.5721


http://forexfactory.com/images/misc/progress.gif

[/quote]
Less is more...
  • #111
  • Apr 22, 2008 3:04pm Apr 22, 2008 3:04pm
Quoting pipcruiser
Hi Fly,

thank's for introducing this nice and easy-to-handle system..it is impressive.

Just a few questions, in regards to the 10 pairs you post here.

1. I roughly calcualte your present drawdovn on open positions to be like 6-800 pips. What is the max. DD you have had in the 3 month period?

2. If you see a pair which is "yellow" in the spreadsheet (undecided/ranging slope), how do you decide to buy or sell? I think of the EJ trade where u went short last, but the near trend is up? (20 weeks is ranging, therefore I would assume a long here would be most logic or did I miss something)?

Thank's a lot,

PC

http://forexfactory.com/images/misc/progress.gif

[/quote]

To answer your first question, I have not been keeping track of Draw Down. I know what it is, and I know it is important to understanding the riskiness of a system, but I have not been keeping track of it. I try to manage my risk by using 1-2% of capital per trade (at 50:1 leverage). I also monitor how much capital I have riding on each currency and try to find offsetting positions as much as possible. I'll see if I can't do some research on my positions and calculate what my draw down has been. No guarantees though.

As for your second question, the spreadsheet you are referring to was supplied by another user, not me. I do not consider short term swings to be a trend. I consider them to be a short-term divergence to a longer term (20-wk) trend. This is how the system makes money. It places orders on pairs when they stray too far from their 20-week range and slope. Bottomline, I trade this system mechanically, as posted in Post #1.
  • #112
  • Apr 22, 2008 5:05pm Apr 22, 2008 5:05pm
QUOTE

As for your second question, the spreadsheet you are referring to was supplied by another user, not me. I do not consider short term swings to be a trend. I consider them to be a short-term divergence to a longer term (20-wk) trend. This is how the system makes money. It places orders on pairs when they stray too far from their 20-week range and slope. Bottomline, I trade this system mechanically, as posted in Post #1.[/quote]

Ok,
First at all, Flyjetz,
regarding Daily , today is the first day of testing, and I have collected over 1.100 pips with this (790 net pips with some negative floating positions at this moment).
I must have to say that I use for calculations all valid days(except sunday candle), and as a entry strategy, I put 4 orders on each pair, from 0%/20% to 80%/100%. If a price enters the day from the opposite limit(say you have a sell signal for GU and price enters below 0%) I put a REVERSE order with TP at 80% and 100%. Of course, the order for the far 100% is with trailing stop(is not so necessary, we can let the trade run on the next day, if the trend is not changing....). As we will see is and is not a good option to TS the position...

So, for today,
buy EUR/USD +175 pips (not using the TS for the 2nd order have made him another +65 pips)
buy GBP/CHF +19 pips (one floating still negative, first TS)
buy GBP/JPY +172 pips ( 2 stopped TS, one floating negative)
buy CHF/JPY +129 pips (both orders TP)
buy (reverse) GBP/USD +317 pips (both TP)
buy EUR/JPY +100 pips (both closed by me)
buy CHF/JPY +138 pips (both closed by me)
sell GBP/USD +88 pips (closed by mistake, this it supposed to be open now)

I still have USD/CHF, CAD/JPY, AUD/JPY, USD/CAD that are still negative now (310 pips), but I will let them sail to tommorow.

Regarding the spreadsheet in Excel, I have made a subjective aproximation of the slope value, so if value is below 0.99985 the colour is red, if is above 1.00015 the colour is blue, and if the value is between those limits, the colour is yellow.
But the qustion is still valid, if you get a 0.9999 value of slope, you make a buy or a sell?
We have values like 1.000001 or 0.999989.....
I don't say
  • #113
  • Apr 22, 2008 8:28pm Apr 22, 2008 8:28pm
Quoting dragosd1
Regarding the spreadsheet in Excel, I have made a subjective aproximation of the slope value, so if value is below 0.99985 the colour is red, if is above 1.00015 the colour is blue, and if the value is between those limits, the colour is yellow.
But the qustion is still valid, if you get a 0.9999 value of slope, you make a buy or a sell?
We have values like 1.000001 or 0.999989.....
Congrats on what seems like a very successful first day using this as a Daily 80/20 System. I noticed two of your trades, you chose to close them out on your own. I'm not sure how valid your data will be if you are not trading it mechanically. But nonetheless, a great start!

As for the value of the slope, I don't know how much more clear I can be. I trade only in the direction of the slope. If the value is 1.000000001, then it is positive. I will only trade it from 20% to 80%. If the value was 0.9999999, then the slope is negative, and I will only trade it from 80% to 20%. In reality, both of those numbers indicate a ranging trend, and success would probably be achieved by trading in either direction. But for me, it's a cardinal rule to only trade in the direction of the trend, so that is what I do.

I think a better question for my system is what do I do when I am in a trade and the trend reverses positive to negative or negative to positive. For example, let's say I enter a pair LONG because the slope is 1.000001. If I don't TP the trade, and the following week, the new slope is 0.99999, what do I do? This has happened at least once to me. What I do is maintain my position and continue to adjust the TP's based on the new weekly values. At the same time, I place a pending limit trade in the opposite direction to catch the new trend (new slope). In other words, as soon as the TP is hit, the first trade is closed and the second trade is opened in the opposite direction.
  • #114
  • Apr 22, 2008 10:41pm Apr 22, 2008 10:41pm
Thank's Fly, keep up the excllent work...

PC

To answer your first question, I have not been keeping track of Draw Down. I know what it is, and I know it is important to understanding the riskiness of a system, but I have not been keeping track of it. I try to manage my risk by using 1-2% of capital per trade (at 50:1 leverage). I also monitor how much capital I have riding on each currency and try to find offsetting positions as much as possible. I'll see if I can't do some research on my positions and calculate what my draw down has been. No guarantees though.

As for your second question, the spreadsheet you are referring to was supplied by another user, not me. I do not consider short term swings to be a trend. I consider them to be a short-term divergence to a longer term (20-wk) trend. This is how the system makes money. It places orders on pairs when they stray too far from their 20-week range and slope. Bottomline, I trade this system mechanically, as posted in Post #1.[/quote]
Less is more...
  • #115
  • Apr 23, 2008 12:00pm Apr 23, 2008 12:00pm
Closed Trade #34:
Enter Date Direction Pair Price Exit Date Price Pips
16-Apr-08 Long USD/CAD 1.0080 23-Apr-08 1.0213 +133

http://i276.photobucket.com/albums/k...CAD23APR08.jpg

(Ignore the two small triangles in the middle of the chart. I attempted to scalp the news of the BOC interest rate cut. I made a whopping $6.)

Overall Results:
+3581 Cumulative Pip Total

27 Winning Trades (+171.30 pips/win)
6 Losing Trades (-172.33 pips/loss)
81.82% Win Rate
+108.52 Pips/Trade


By Pair:
GBP/JPY +510
GBP/USD +283
USD/JPY +192
USD/CHF +586
EUR/USD +1255
AUD/USD +194
NZD/USD +406
USD/CAD +344
EUR/GBP +280
EUR/JPY -388

I currently have OPEN positions in:

Trade No. Enter Date Direction Pair Price
#19) 21-Mar-08 Short USD/JPY 99.53
#29) 10-Apr-08 Short USD/CHF 1.0082
#35) 16-Apr-08 Short EUR/JPY 161.45
#36) 17-Apr-08 Short GBP/JPY 202.02
#37) 17-Apr-08 Short GBP/USD 1.9875
#38) 18-Apr-08 Long EUR/GBP 0.7953
  • #116
  • Apr 23, 2008 6:10pm Apr 23, 2008 6:10pm
Meantime, during today

DAILY 80/20 experimental

POSITIONS Closed from 22.04

AUD/JPY +130 pips (TP)
USD/CHF +32 pips (TP)
GBP/CHF +16 pips (TS)
so, total for 22.04 +968 pips

Closed from 23.04
CAD/JPY +54 (TP)
GBP/USD +149 (TP)
EUR/USD +137 (2 positions both TP)
CHF/JPY +56 (TP)
EUR/JPY +49 (TP)
GBP/JPY +115 (TP)
so, total +616 pips if we close all now

still floating +56 pips total open positions at this time....

still have 2 positions from 21.04 and 4 positions from 22.04 that are still open and negative, what do you suggest, Flyjetz, shold I let them run or should I close them?
I don't say
  • #117
  • Apr 24, 2008 12:15am Apr 24, 2008 12:15am
Dragosd1:
"Regarding the spreadsheet in Excel, I have made a subjective aproximation of the slope value, so if value is below 0.99985 the colour is red, if is above 1.00015 the colour is blue, and if the value is between those limits, the colour is yellow."

Appreciate your efforts on the spreadsheet.

Can you please help me change the font color/fill color of column G25 and the one against "Direction"?

I'm not that proficient in XL - the yellow fill with a white font makes it difficult for me to read the value.

Thanks.
  • #118
  • Apr 24, 2008 2:02am Apr 24, 2008 2:02am
Quoting denverdude
Dragosd1:
"Regarding the spreadsheet in Excel, I have made a subjective aproximation of the slope value, so if value is below 0.99985 the colour is red, if is above 1.00015 the colour is blue, and if the value is between those limits, the colour is yellow."

Appreciate your efforts on the spreadsheet.

Can you please help me change the font color/fill color of column G25 and the one against "Direction"?

I'm not that proficient in XL - the yellow fill with a white font makes it difficult for me to read the value.

Thanks.
If you click on the cell, then click "Format" then click "Conditional Formatting", you should be able to change the color as desired.
  • #119
  • Apr 24, 2008 2:49am Apr 24, 2008 2:49am
Quoting denverdude
Dragosd1:
"Regarding the spreadsheet in Excel, I have made a subjective aproximation of the slope value, so if value is below 0.99985 the colour is red, if is above 1.00015 the colour is blue, and if the value is between those limits, the colour is yellow."

Appreciate your efforts on the spreadsheet.

Can you please help me change the font color/fill color of column G25 and the one against "Direction"?

I'm not that proficient in XL - the yellow fill with a white font makes it difficult for me to read the value.

Thanks.
i've created an indicator base on weekly 80/20,so you don't need to use Excel to calculate.

if you want to use an indicator base on weekly 80/20,I'll upload it at this weekend.It's a simple indicator to calculate project price for next week (or next month) or past week.

if you don't need it,i won't upload it.
  • #120
  • Apr 24, 2008 3:08am Apr 24, 2008 3:08am
Quoting beyeu123
i've created an indicator base on weekly 80/20,so you don't need to use Excel to calculate.

if you want to use an indicator base on weekly 80/20,I'll upload it at this weekend.It's a simple indicator to calculate project price for next week (or next month) or past week.

if you don't need it,i won't upload it.
I was thinking at this ideea, but my skills are 0 in this area....
It will be very interesting to test the indi...

To format the cell, select it and open from the menu "conditonal formatting, then change only the font colour in every case to black, so you will be able to see the values.Here is the modified spreadsheet...
Attached File(s)
File Type: xls Proiectia weekly.xls   147 KB | 311 downloads
I don't say
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