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Attachments: Weekly 80/20 Setups
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Weekly 80/20 Setups

  • #181
  • May 10, 2008 12:30am May 10, 2008 12:30am
PAIR Direction Entry Exit (My Position)

GBP/JPY Short 205.01 TP=200.95 (Waiting for entry price)
GBP/USD Short 1.9719 TP=1.9496 (Waiting for entry price)
USD/JPY Short 104.54 TP=102.76 (Waiting for entry price)
USD/CHF Short 1.0559 TP=1.0367 (Short from 1.0082)
EUR/USD Long 1.5381 TP=1.5597 (Long from 1.5778)
AUD/USD Long 0.9387 TP=0.9538 (Waiting for entry price)
NZD/USD Long 0.7732* TP=0.7868 (Long from 0.7748)
USD/CAD Long 1.0038 TP=1.0189 (Long from 1.0068)
EUR/GBP Long 0.7863 TP=0.7957 (Long from 0.7953)
EUR/JPY Short 161.93 TP=159.33 (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 recommended 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.[/quote]
  • #182
  • May 10, 2008 3:08am May 10, 2008 3:08am
Hi Flyjetz

Great way to trade by the way. Just a quick question, say you are in an uptrend, you would enter at the 20% level and the take profit will get you out at the 80% level. Say this happens sometime during the week, will you enter another pending order to go long at the 20% level as soon as the take profit is hit? This is how I understand it, but I might be wrong.

Thanks

farimir
  • #183
  • May 10, 2008 12:00pm May 10, 2008 12:00pm
Quoting chuckeepw
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?
I added average slope to my indicator Weekly trading,i think it is not necessary.You can download here :

Screenshot :
http://img229.imageshack.us/img229/2...tradinguy4.gif
Attached File(s)
File Type: zip Weekly Trading.zip   5 KB | 422 downloads
  • #184
  • May 10, 2008 3:04pm May 10, 2008 3:04pm
Quoting farimir
Hi Flyjetz

Great way to trade by the way. Just a quick question, say you are in an uptrend, you would enter at the 20% level and the take profit will get you out at the 80% level. Say this happens sometime during the week, will you enter another pending order to go long at the 20% level as soon as the take profit is hit? This is how I understand it, but I might be wrong.

Thanks

farimir
Yes, I try to travel the 20% to 80% (or 80% to 20%) as many times as possible in a week.
  • #185
  • May 10, 2008 3:47pm May 10, 2008 3:47pm
Quoting Flyjetz
Yes, I try to travel the 20% to 80% (or 80% to 20%) as many times as possible in a week.
Thanks Flyjetz!
  • #186
  • May 12, 2008 4:33am May 12, 2008 4:33am
Hi Flyjetz

Just a quick question. Ho you trade live or on demo account?

thanx

farimir
  • #187
  • May 12, 2008 8:50am May 12, 2008 8:50am
Quoting farimir
Hi Flyjetz

Just a quick question. Ho you trade live or on demo account?

thanx

farimir
Both
  • #188
  • May 12, 2008 10:05am May 12, 2008 10:05am
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
#46) 11-May-08 Long AUD/USD 0.9387
  • #189
  • May 13, 2008 7:44am May 13, 2008 7:44am
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
#46) 11-May-08 Long AUD/USD 0.9387
#47) 13-May-08 Short USD/JPY 104.54
  • #190
  • May 13, 2008 7:55am May 13, 2008 7:55am
Closed Trade #38:
Enter Date Direction Pair Price Exit Date Price Pips
18-Apr-08 Long EUR/GBP 0.7953 13-May-08 0.7957 +4

http://i276.photobucket.com/albums/k...GBP13MAY08.jpg

Overall Results:
+3476 Cumulative Pip Total

32 Winning Trades (+159.81 pips/win)
9 Losing Trades (-180.89 pips/loss)
78.05% Win Rate
+84.78 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 +284
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
#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
#46) 11-May-08 Long AUD/USD 0.9387
#47) 13-May-08 Short USD/JPY 104.54
  • #191
  • May 13, 2008 1:09pm May 13, 2008 1:09pm
Closed Trade #42:
Enter Date Direction Pair Price Exit Date Price Pips
29-Apr-08 Long EUR/JPY 162.56 13-May-08 161.93 -63

http://i276.photobucket.com/albums/k...JPY13MAY08.jpg

Overall Results:
+3413 Cumulative Pip Total

32 Winning Trades (+159.81 pips/win)
10 Losing Trades (-180169.10 pips/loss)
76.19% Win Rate
+81.26 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 +284
EUR/JPY -562

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

Trade No. Enter Date Direction Pair Price
#29) 10-Apr-08 Short USD/CHF 1.0082
#39) 24-Apr-08 Long EUR/USD 1.5778
#44) 06-May-08 Long USD/CAD 1.0068
#45) 07-May-08 Long NZD/USD 0.7749
#46) 11-May-08 Long AUD/USD 0.9387
#47) 13-May-08 Short USD/JPY 104.54
#48) 13-May-08 Short EUR/JPY 161.93
  • #192
  • May 16, 2008 11:27am May 16, 2008 11:27am
Closed Trade #39:
Enter Date Direction Pair Price Exit Date Price Pips
24-Apr-08 Long EUR/USD 1.5778 16-May-08 1.5597 -181


Closed Trade #46:
Enter Date Direction Pair Price Exit Date Price Pips
11-May-08 Long AUD/USD 0.9387 16-May-08 0.9538 151

Overall Results:
+3383 Cumulative Pip Total

33 Winning Trades (+159.55 pips/win)
11 Losing Trades (-170.18 pips/loss)
75.00% Win Rate
+76.89 Pips/Trade


By Pair:
GBP/JPY +389
GBP/USD +447
USD/JPY -170
USD/CHF +586
EUR/USD +1074
AUD/USD +496
NZD/USD +459
USD/CAD +461
EUR/GBP +284
EUR/JPY -562

I currently have open positions in:

Trade No. Enter Date Direction Pair Price
#29) 10-Apr-08 Short USD/CHF 1.0082
#44) 06-May-08 Long USD/CAD 1.0068
#45) 07-May-08 Long NZD/USD 0.7749
#47) 13-May-08 Short USD/JPY 104.54
#48) 13-May-08 Short EUR/JPY 161.93
  • #193
  • May 17, 2008 10:12pm May 17, 2008 10:12pm
Closed Trade #45:
Enter Date Direction Pair Price Exit Date Price Pips
07-May-08 Long NZD/USD 0.7748 16-May-08 0.7737 -11

http://i276.photobucket.com/albums/k...USD16MAY08.jpg


Overall Results:
+3372 Cumulative Pip Total

33 Winning Trades (+159.55 pips/win)
12 Losing Trades (-156.92 pips/loss)
73.33% Win Rate
+74.93 Pips/Trade


By Pair:
GBP/JPY +389
GBP/USD +447
USD/JPY -170
USD/CHF +586
EUR/USD +1074
AUD/USD +496
NZD/USD +448
USD/CAD +461
EUR/GBP +284
EUR/JPY -562

I currently have open positions in:

Trade No. Enter Date Direction Pair Price (New position in BOLD)
#29) 10-Apr-08 Short USD/CHF 1.0082
#44) 06-May-08 Long USD/CAD 1.0068
#47) 13-May-08 Short USD/JPY 104.54
#48) 13-May-08 Short EUR/JPY 161.93
#49) 16-May-08 Short NZD/USD 0.7736
  • #194
  • May 17, 2008 10:26pm May 17, 2008 10:26pm
PAIR Direction Entry Exit (My Position)

GBP/JPY Short 203.80 TP=199.76 (Waiting for entry price)
GBP/USD Short 1.9590 TP=1.9368 (Waiting for entry price)
USD/JPY Short 104.61 TP=102.80 (Short from 104.54)
USD/CHF Short 1.0564 TP=1.0375 (Short from 1.0082)
EUR/USD Long 1.5421 TP=1.5634 (Waiting for entry price)
AUD/USD Long 0.9385 TP=0.9541 (Waiting for entry price)
NZD/USD Short 0.7707* TP=0.7571 (Short from 0.7736)
USD/CAD Long 0.9958 TP=1.0107 (Long from 1.0068)
EUR/GBP Long 0.7914 TP=0.8008 (Waiting for entry price)
EUR/JPY Short 162.02* TP=159.37 (Short from 161.93)

*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!

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.
  • #195
  • May 18, 2008 2:25pm May 18, 2008 2:25pm
Flyjetz,

I really enjoy your style of trading... methodical, calculated, and level-headed. Keep up the good work!

Drummer
  • #196
  • May 19, 2008 7:40am May 19, 2008 7:40am
Quoting drummer486
Flyjetz,

I really enjoy your style of trading... methodical, calculated, and level-headed. Keep up the good work!

Drummer
Thanks!
  • #197
  • May 19, 2008 7:43am May 19, 2008 7:43am
I currently have open positions in:

Trade No. Enter Date Direction Pair Price (New position in BOLD)
#29) 10-Apr-08 Short USD/CHF 1.0082
#44) 06-May-08 Long USD/CAD 1.0068
#47) 13-May-08 Short USD/JPY 104.54
#48) 13-May-08 Short EUR/JPY 161.93
#49) 16-May-08 Short NZD/USD 0.7736
#50) 18-May-08 Short GBP/JPY 203.80
#51) 19-May-08 Short GBP/USD 1.9590
  • #198
  • May 20, 2008 10:37am May 20, 2008 10:37am
Closed Trade #29:
Enter Date Direction Pair Price Exit Date Price Pips
10-Apr-08 Short USD/CHF 1.0082 20-May-08 1.0375 -293




Overall Results:
+3079 Cumulative Pip Total

33 Winning Trades (+159.55 pips/win)
13 Losing Trades (-167.38 pips/loss)
71.74% Win Rate
+66.93 Pips/Trade


By Pair:
GBP/JPY +389
GBP/USD +447
USD/JPY -170
USD/CHF +293
EUR/USD +1074
AUD/USD +496
NZD/USD +448
USD/CAD +461
EUR/GBP +284
EUR/JPY -562

I currently have open positions in:

Trade No. Enter Date Direction Pair Price
#44) 06-May-08 Long USD/CAD 1.0068
#47) 13-May-08 Short USD/JPY 104.54
#48) 13-May-08 Short EUR/JPY 161.93
#49) 16-May-08 Short NZD/USD 0.7736
#50) 18-May-08 Short GBP/JPY 203.80
#51) 19-May-08 Short GBP/USD 1.9590
  • #199
  • May 20, 2008 5:01pm May 20, 2008 5:01pm
Flyjetz

Will you open a pending USDCHF order again now?

farimir
  • #200
  • May 20, 2008 7:33pm May 20, 2008 7:33pm
Quoting farimir
Flyjetz

Will you open a pending USDCHF order again now?

farimir
Yes, I have a pending Short USDCHF limit order at this week's entry price of 1.0564 with a TP of 1.0375. This order was placed as soon as I TP'd out of my last open USDCHF position. I should point out that this is how I trade this system. This system would be successful as a true "set-and-forget". In other words, just update all the entry and TP levels on the weekend, then go away and don't look at FOREX until the next weekend. I just can't unglue myself from the system, and I monitor my trades several times a day. Since I have the liberty of seeing the TP's happen, I rush back in with a new limit order to try to catch the trend again.
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