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Simplicity is the Key

  • #1
  • First Post: Edited Mar 27, 2010 1:07pm Jan 27, 2007 10:38pm | Edited Mar 27, 2010 1:07pm
October 31, 2008

I am reactivating this journal for the purpose of recording my weekly trading results. I just want to have a good recording of the ups and downs of my trading which hopefully can help me in the future. The activated pages and results start on Page 220 Post # 3295. You don't need to read the beginning of this thread as this pertains to other topics. If you need to see the start of my results writing jump to here:
http://www.forexfactory.com/showthre...14595&page=220



Hi Traders,
I am new in trading, and i think i stumble into a trading system that will be a consistent winner. Tested this system for 2006 past chart records, and not a single week it was a loser. I was amazed myself and so excited to start a thread on this forum. I am not ready to go public about this system yet, however, I will be using a 15 minute chart by Accuchart and i will only be trading EUR/USD. I will publish the trade that i will be taking, but unlike the other trade call on the entry price, i will be calling the trade between 5 to 15 minutes before i make the trade at the same time i will publish it here. Meaning 1-15minute candle before i enter the trade, so for those who want to monitor this trade to have a basis.
Starting the of week 28 Jan - 2 Feb, my trades will be publish here.
Sample of how i will cal the trade:

TRADE #1
---Buy EUR/USD at the beginning of 10:45am candle(Market price)
(S/L is always 20)
(TP - i will call it also between 5 to 15 minutes before, or you can use your
judgement how much profit you need, because most of the time
it will be a winning trade, myself personally i would like it to be always 50
pips, if possible)
Wish me luck
  • #2
  • Jan 28, 2007 12:34am Jan 28, 2007 12:34am
Well, I will wish you luck. Seeing that you are hopeful for 50 pips and SL will always be 20 has to catch anyones eye. I am a fan of 15min charts, will see what you are doing.

I love AccuCharts by the way. Awesome!

Also, do share when you are ready
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #3
  • Jan 28, 2007 7:02am Jan 28, 2007 7:02am
StockJay, thanks. I will be starting it this sunday on the asian times if there is a tradeable signal, if none then we wait for the next day. I am so excited on this, for those who will monitor these, pls do not live trade as this is still on the testing stage. Ill give it a month, or enough data to analyze.
Thanks
  • #4
  • Jan 29, 2007 3:15am Jan 29, 2007 3:15am
------------------------------------------
Trade No. 1
---SELL EUR/USD By 4:15am (@Market Price)
S/L = 20 TP = 50
------------------------------------------
This trade is good until 4:30am only.
  • #5
  • Jan 29, 2007 3:26am Jan 29, 2007 3:26am
The 4:30am expiration means that executing the trade after that time may not be profittable. I suggest stay in the sideline and wait for Trade #2.
Thanks
  • #6
  • Jan 29, 2007 3:40am Jan 29, 2007 3:40am
good..

would pls make it clear that 4.30 time is it GMT or EST?

that will make things clear

thx

Quoting trader101
------------------------------------------
Trade No. 1
---SELL EUR/USD By 4:15am (@Market Price)
S/L = 20 TP = 50
------------------------------------------
This trade is good until 4:30am only.
  • #7
  • Jan 29, 2007 3:42am Jan 29, 2007 3:42am
i would like to wish you good luck for ur new system..

i am waiting here for your first trade call...lets try out with demo for atleast 3 weeks and will see how it goes..

i look forward to receive ur trade call and pls mention time like 5.30 GMT OR 1.30 EST...

thx
Quoting trader101
StockJay, thanks. I will be starting it this sunday on the asian times if there is a tradeable signal, if none then we wait for the next day. I am so excited on this, for those who will monitor these, pls do not live trade as this is still on the testing stage. Ill give it a month, or enough data to analyze.
Thanks
  • #8
  • Jan 29, 2007 4:09am Jan 29, 2007 4:09am
Lost Trade#1 of the week. Time is set to EST. Let wait for the next Trade.
  • #9
  • Jan 29, 2007 7:46am Jan 29, 2007 7:46am
-------------------------------------------
Trade No. 2
---SELL EUR/USD By 8:45am EST(@Market Price)
S/L = 20 TP = 50
------------------------------------------
This trade is good until 9:00am EST only.


----------------------------------------------------------
TRADE : DATE/TIME :S/B: IN : OUT : P/L :
----------------------------------------------------------
1 : 1.29.07 4:15 : S : 1.2906 : 1.2926 : -20 :
----------------------------------------------------------
  • #10
  • Jan 29, 2007 7:56am Jan 29, 2007 7:56am
Thanks, man..ITs EST.

Quoting mananshah
i would like to wish you good luck for ur new system..

i am waiting here for your first trade call...lets try out with demo for atleast 3 weeks and will see how it goes..

i look forward to receive ur trade call and pls mention time like 5.30 GMT OR 1.30 EST...

thx
  • #11
  • Jan 29, 2007 8:12am Jan 29, 2007 8:12am
Sounds like an interesting system. Just out of curiosity, what is it based on? Moving averages, indicators, etc...?

Best of luck...

Kos
  • #12
  • Jan 29, 2007 8:40am Jan 29, 2007 8:40am
Thanks.. I found this strategy/method in one of my late father's file a month ago while cleaning the attic and he basically based it in almost everything but mostly Moving averages and RSI that keeps moving... Anyway, seems doesnt look so promising right now. I lost already 1 trade and amost losing the other one.. Maybe i am doing something wrong...
Quoting kosai
Sounds like an interesting system. Just out of curiosity, what is it based on? Moving averages, indicators, etc...?

Best of luck...

Kos
  • #13
  • Jan 29, 2007 8:56am Jan 29, 2007 8:56am
Lost Trade#2 of the week. Two in a row already, not so good right now. Let wait for the next Trade.
  • #14
  • Jan 29, 2007 11:02pm Jan 29, 2007 11:02pm
I will temporarily stop this journal, i have notice that i am doing something wrong /different that the notes that i have. I have to reanalyze and correct the discrepancy. I will resume this journal by next week.
Thank you for monitoring this..
  • #15
  • Jan 29, 2007 11:53pm Jan 29, 2007 11:53pm
Wow brother, not to be critical or anything, but how can you know if your doing it right after only 2 trades? Unless the system has like a 99.9% winrate your almost guaranteed to have a string of 2 losses in any 10. Because they happen to be the first 2 shouldn't mean anything. Why not test it for 30 trades and see how it does?

Just trying to offer some advice, take it as you like.
  • #16
  • Jan 29, 2007 11:54pm Jan 29, 2007 11:54pm
Quoting trader101
I will temporarily stop this journal, i have notice that i am doing something wrong /different that the notes that i have. I have to reanalyze and correct the discrepancy. I will resume this journal by next week.
Thank you for monitoring this..
Why not post your system here and let people help you with it instead of struggling along all by yourself?
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  • #17
  • Jan 31, 2007 4:16pm Jan 31, 2007 4:16pm
Quoting Darkstar
Wow brother, not to be critical or anything, but how can you know if your doing it right after only 2 trades? Unless the system has like a 99.9% winrate your almost guaranteed to have a string of 2 losses in any 10. Because they happen to be the first 2 shouldn't mean anything. Why not test it for 30 trades and see how it does?

Just trying to offer some advice, take it as you like.
Thanks for the advice, bro. .. I know i was really pressuring myself to make some good impression which is not a good attitude for a trader. So what i did , i did not broadcast the Trade No. # 3 that i did yesterday, in order to relieve me of the pressure, I was really jumping on the gun, overread my signals, perhaps because of excitement too. The Trade #3 that i did yesterday, was already doing good, at this moment is doing between +65 to +70 pips i did also try the method with GBP/USD seems doing okay too. See attach
Attached File(s)
File Type: doc Doc.doc   63 KB | 3,325 downloads
  • #18
  • Jan 31, 2007 4:26pm Jan 31, 2007 4:26pm
Quoting diallist
Why not post your system here and let people help you with it instead of struggling along all by yourself?
Thank for the offer of assistance my brothers, it was tempting especially if you are struggling, however, i will let the method play itself like a mechanical robot and no revision while it is being tested any error and mistakes will be recorded and reanalyze after the testing period. In due time i will publish it so everyone will benefit from it. For now i thank you for your generous offer of help.
  • #19
  • Jan 31, 2007 8:08pm Jan 31, 2007 8:08pm
After 2 loses of a total of 40 pips this somehow will put me on positive

Closed position
EUR/USD 1.2691 ---1.3034 = +74 pips

Start to wait for signals again. I will also be testing this to GBP/USD
Attached Image
  • #20
  • Feb 1, 2007 2:23pm Feb 1, 2007 2:23pm
The USD/CAD is giving a good signal. I will make this as my Trade # 4

I will:
--BUY USD/CAD at MPrice now
My S/L will be 30 pips
--I am expecting around 40+ pips on this trade.
If this trade will move as i anticipate (slow) i will keep it overnight.
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