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Weekly 80/20 Setups

  • #161
  • Apr 29, 2008 6:18pm Apr 29, 2008 6:18pm
Quoting goodness
thx! r u still testing this daily strategy? hows it going?
I'm restarting my account to make it available only for this
will keep in touch and I will post results
anyway, in the former account, there was still a couple of open position with huge negative balance, but most of them are becaming positive now
I think for this system you need to handle very careful the MM, the drawdowns may be huge sometime, when the slope is changing too fast
the system is not able to detect such fast movements (no one can!) so, if the move is big enough you will have a large drawdown until it settles back in the big trend
Flyjetz did mentioned this....
I don't say
  • #162
  • Apr 29, 2008 9:12pm Apr 29, 2008 9:12pm
Quoting goodness
flyjetz, did u mean short eur/jpy and if long is right. why long? thx
Going LONG is the correct trade for this week's setup. On my weekend posting of this week's entry and exit levels, I posted the following regarding this pair:

"
EUR/JPY Short 165.15* TP=162.56 (Short from 161.45)**

**Note that my current position is in the opposite direction of the reccommended trade. In this situation, I maintain my current position and update the TP. I also place a pending limit order at the new entry point in the opposite direction."

While the note is correct, the trade line should have read:

"EUR/JPY Long 162.56 TP=165.15 (Short from 161.45)**"

This is a great example of what I posted a few days ago regarding a slope that changes from positive to negative or negative to positive while a trade is currently open. I deal with this situation by allowing the existing trade to close in the current direction, and when it does, it also opens up a new trade in the opposite direction as it triggers a limit order that I have set up.

In reality, 20-wk average slope is nearly flat right now. As I mentioned before, you can probably make this system work in both directions on a flat slope.
  • #163
  • Apr 29, 2008 9:15pm Apr 29, 2008 9:15pm
Just a note to let you know that we TP'd the GBPUSD this morning. I am away from home (and my handy spreadsheet) for the moment, and I will post the numbers on this closed trade on Wednesday night.
  • #164
  • May 1, 2008 2:26am May 1, 2008 2:26am
Closed Trade #37:
Enter Date Direction Pair Price Exit Date Price Pips
17-Apr-08 Short GBP/USD 1.9875 29-Apr-08 1.9711 +164





Overall Results:
+3634 Cumulative Pip Total

28 Winning Trades (+171.04 pips/win)
7 Losing Trades (-163.57 pips/loss)
80.00% Win Rate
+103.83 Pips/Trade


By Pair:
GBP/JPY +510
GBP/USD +447
USD/JPY +192
USD/CHF +586
EUR/USD +1255
AUD/USD +194
NZD/USD +406
USD/CAD +344
EUR/GBP +280
EUR/JPY -499

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
#36) 17-Apr-08 Short GBP/JPY 202.02
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 24-Apr-08 Long EUR/USD 1.5778
#40) 25-Apr-08 Long NZD/USD 0.7829
#41) 29-Apr-08 Long EUR/JPY 162.56
  • #165
  • May 1, 2008 3:52am May 1, 2008 3:52am
Seems interesting! Keep up the good work going on....
  • #166
  • May 1, 2008 4:46pm May 1, 2008 4:46pm
Quoting beyeu123
Today is Sunday.Like i post above,i will upload my indicator.This indicator has 4 options:

And this indicator was coded by Beyeu123.
Hi, Beyeu, I'm zero to in programming
do you think you can create an indi who can dinamically measure the midpoint of the current candle? So, during formation of the candle, it has to dinamically determine the midpoint of the candle, when the candle reaches the high/low point and retrace, the midpoint must be calculated high/low, but it must show the value line DURING the candle formation...
I think it has to be something similar with the most advanced Weekly 80/20 that you've already created
And another crazy ideea,
another indi that can measure the speed of a forming candle, I mean increase/decrease of price value in a time unit, let's say 5 mins....
I have a great ideea regarding this, as you can see, when a major move begins, the price accelerate very quickly, in periods of consolidation the speed is reduced...I don't know if something like this is already created...
I don't say
  • #167
  • May 2, 2008 7:59am May 2, 2008 7:59am
Quoting dragosd1
Hi, Beyeu, I'm zero to in programming
do you think you can create an indi who can dinamically measure the midpoint of the current candle? So, during formation of the candle, it has to dinamically determine the midpoint of the candle, when the candle reaches the high/low point and retrace, the midpoint must be calculated high/low, but it must show the value line DURING the candle formation...
I think it has to be something similar with the most advanced Weekly 80/20 that you've already created
And another crazy ideea,
another indi that can measure the speed of a forming candle, I mean increase/decrease of price value in a time unit, let's say 5 mins....
I have a great ideea regarding this, as you can see, when a major move begins, the price accelerate very quickly, in periods of consolidation the speed is reduced...I don't know if something like this is already created...
i don't understand.Is it useful ?
  • #168
  • May 2, 2008 8:28am May 2, 2008 8:28am
Quoting beyeu123
i don't understand.Is it useful ?
yes, I think so, I'm just experimenting a price action concept, so, I find useful if I can have a small indi, like a mini box pointer who can move dinamically showing the 62% or 50% of the current candle.
I just attched a sample from another indi, Chin VT (visual trader)
Attached Image (click to enlarge)
Click to Enlarge Name: sample.gif Size: 13 KB
I don't say
  • #169
  • May 2, 2008 5:29pm May 2, 2008 5:29pm
Beyeu 123

The indicator works great. Ther only thing missing is trend direction of the slope to determine whether the trade shoud be long or short.The user cannot tell looking at it whether the trade placed in a long a short direction as per the rules. Are you working on adding a average slope number function to determone the overall fundamental trend?
  • #170
  • May 5, 2008 2:02am May 5, 2008 2:02am
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
#36) 17-Apr-08 Short GBP/JPY 202.02
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 24-Apr-08 Long EUR/USD 1.5778
#40) 25-Apr-08 Long NZD/USD 0.7829
#41) 25-Apr-08 Long AUD/USD 0.93385
#42) 29-Apr-08 Long EUR/JPY 162.56
  • #171
  • May 5, 2008 2:29am May 5, 2008 2:29am
SORRY THESE ARE SO LATE...


PAIR Direction Entry Exit (My Position)

GBP/JPY Short 207.23* TP=203.23 (Short from 202.02)
GBP/USD Short 1.9897 TP=1.9669 (Waiting for entry price)
USD/JPY Short 104.89* TP=103.15 (Short from 99.53)
USD/CHF Short 1.0495* TP=1.0308 (Short from 1.0082)
EUR/USD Long 1.5484* TP=1.5697 (Long from 1.5778)
AUD/USD Long 0.9340 TP=0.9490 (Long from 0.9339)
NZD/USD Long 0.7748* TP=0.7882 (Long from 0.7829)
USD/CAD Long 1.0068 TP=1.0223 (Waiting for entry price)
EUR/GBP Long 0.7847* TP=0.7942 (Long from 0.7953)
EUR/JPY Short 163.51* TP=160.95 (Long from 165.15)**

*Depending on your broker's weekend market spread, you may be able to get into this trade right now at a price better than the listed entry price!
**Note that my current position is in the opposite direction of the reccommended trade. In this situation, I maintain my current position and update the TP. I also place a pending limit order at the new entry point in the opposite direction.

Since I was already in several of these trades, I posted my original entry points. I adjust my exit point (TP) based on the new week's levels. If you are just getting in for the first time, I listed the proper entry points for those trades as well. When you see me post my closed positions, it will be based on my original entry price, not necessarily the entry prices posted above. However, if I end up closing a trade, I immediately reopen a trade with the current week's entry prices listed above. It's possible to run from entry price to exit price more than once in a week in a single currency.
  • #172
  • May 6, 2008 11:49am May 6, 2008 11:49am
Closed Trade #40:
Enter Date Direction Pair Price Exit Date Price Pips
25-Apr-08 Long NZD/USD 0.7829 06-May-08 0.7882 +53


http://i276.photobucket.com/albums/k...USD06MAY08.jpg

Closed Trade #41:
Enter Date Direction Pair Price Exit Date Price Pips
25-Apr-08 Long AUD/USD 0.9339 06-May-08 0.9490 +151
http://i276.photobucket.com/albums/k...USD06MAY08.jpg


Closed Trade #43:
Enter Date Direction Pair Price Exit Date Price Pips
01-May-08 Short USD/CAD 1.0185 06-May-08 1.0068 +117

http://i276.photobucket.com/albums/k...CAD06MAY08.jpg


Overall Results:
+3955 Cumulative Pip Total

31 Winning Trades (+164.844 pips/win)
7 Losing Trades (-163.57 pips/loss)
81.58% Win Rate
+104.08 Pips/Trade


By Pair:
GBP/JPY +510
GBP/USD +447
USD/JPY +192
USD/CHF +586
EUR/USD +1255
AUD/USD +345
NZD/USD +459
USD/CAD +461
EUR/GBP +280
EUR/JPY -499

I currently have open positions in: (one new position in BOLD)

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
#36) 17-Apr-08 Short GBP/JPY 202.02
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 24-Apr-08 Long EUR/USD 1.5778
#42) 29-Apr-08 Long EUR/JPY 162.56
#44) 06-May-08 Long USD/CAD 1.0068
  • #173
  • May 7, 2008 10:16pm May 7, 2008 10:16pm
I currently have open positions in: (one new position in BOLD)

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
#36) 17-Apr-08 Short GBP/JPY 202.02
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 24-Apr-08 Long EUR/USD 1.5778
#42) 29-Apr-08 Long EUR/JPY 162.56
#44) 06-May-08 Long USD/CAD 1.0068
#45) 07-May-08 Long NZD/USD 0.7749
  • #174
  • Edited 12:52pm May 8, 2008 9:30am | Edited 12:52pm
Closed Trade #36:
Enter Date Direction Pair Price Exit Date Price Pips
17-Apr-08 Short GBP/JPY 202.02 08-May-08 203.23 -121

http://i276.photobucket.com/albums/k...JPY08MAY08.jpg


Overall Results:
+3834 Cumulative Pip Total

31 Winning Trades (+164.844 pips/win)
8 Losing Trades (-158.25 pips/loss)
79.49% Win Rate
+98.31 Pips/Trade


By Pair:
GBP/JPY +389
GBP/USD +447
USD/JPY +192
USD/CHF +586
EUR/USD +1255
AUD/USD +345
NZD/USD +459
USD/CAD +461
EUR/GBP +280
EUR/JPY -499

I currently have open positions in: (one new position in BOLD)

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
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 24-Apr-08 Long EUR/USD 1.5778
#42) 29-Apr-08 Long EUR/JPY 162.56
#44) 06-May-08 Long USD/CAD 1.0068
#45) 07-May-08 Long NZD/USD 0.7749
  • #175
  • May 8, 2008 10:28am May 8, 2008 10:28am
maybe was not so a wise decision to close that GJ trade now...
it can turn into a winner, I think, GJ is falling in this moment
it it break the daily s2, then wil be a free fall, it already bounces from the monthly pivot
I don't say
  • #176
  • Edited 12:55pm May 8, 2008 12:39pm | Edited 12:55pm
Quoting dragosd1
maybe was not so a wise decision to close that GJ trade now...
it can turn into a winner, I think, GJ is falling in this moment
it it break the daily s2, then wil be a free fall, it already bounces from the monthly pivot
This system does not trade on what I think the currency will do. As you can see, this trade was placed short on April 17th, and quickly went deep in the red. By staying patient, and resetting our TP every week, we captured most of the move back and got out at the 20% level for this week. Yes it was a loser, but we regained most of what was originally lost through patience.

http://i276.photobucket.com/albums/k...JPY08MAY08.jpg
  • #177
  • May 8, 2008 1:26pm May 8, 2008 1:26pm
i admire ur discipline flyjetz
  • #178
  • May 9, 2008 11:33am May 9, 2008 11:33am
I understand your position.
Strictly 20/80 every week.
But it was so obvious that GJ is falling for the moment, and you accepted a lose. that's a little bit hard to accept.
I don't blame you, a system is a system and you must follow the rules.
But 7 hours later GJ was at 199.76, so this hurts my eyes.....
I don't say
  • #179
  • May 9, 2008 11:40am May 9, 2008 11:40am
Closed Trade #19:
Enter Date Direction Pair Price Exit Date Price Pips
21-Mar-08 Short USD/JPY 99.53 09-May-08 103.15 -362

http://i276.photobucket.com/albums/k...JPY09MAY08.jpg


Overall Results:
+3472 Cumulative Pip Total

31 Winning Trades (+164.844 pips/win)
9 Losing Trades (-180.89 pips/loss)
77.50% Win Rate
+86.80 Pips/Trade


By Pair:
GBP/JPY +389
GBP/USD +447
USD/JPY -170
USD/CHF +586
EUR/USD +1255
AUD/USD +345
NZD/USD +459
USD/CAD +461
EUR/GBP +280
EUR/JPY -499

I currently have open positions in:

Trade No. Enter Date Direction Pair Price
#29) 10-Apr-08 Short USD/CHF 1.0082
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 24-Apr-08 Long EUR/USD 1.5778
#42) 29-Apr-08 Long EUR/JPY 162.56
#44) 06-May-08 Long USD/CAD 1.0068
#45) 07-May-08 Long NZD/USD 0.7749
  • #180
  • May 9, 2008 5:03pm May 9, 2008 5:03pm
Nice job. Still waiting to close usd/chf,eur/gbp,eur/usd. Will need to see the new targets when you update this weekend.

Good luck to all following this nice system.

elmster
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