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Daily GBP/JPY Breakout System

  • #121
  • Jun 26, 2008 1:14pm Jun 26, 2008 1:14pm
Quoting billbss
That monster's been ugly this week.
It's looking like the third double stop out this year on the weekly.
The other two times it happened, it got caught in news spikes.
This time it's just drifting up and down.

Still 23 W weeks and 3 L weeks ain't bad.

I think the breakout system is good for trending pairs... not ranging as we see GBP/JPY right now...

bill, check your PM
Veni, vidi, vici...
  • #122
  • Jun 26, 2008 1:16pm Jun 26, 2008 1:16pm
Quoting sikacek
I think the breakout system is good for trending pairs... not ranging as we see GBP/JPY right now...

bill, check your PM
It made money in 2005.
2005 was very ranging.
  • #123
  • Jun 26, 2008 1:27pm Jun 26, 2008 1:27pm
Quoting billbss
It made money in 2005.
2005 was very ranging.
yah, I just checked a result for 2005 on weekly breakout thread ..108 pips/month.. not bad for ranging year..
Veni, vidi, vici...
  • #124
  • Jun 26, 2008 1:31pm Jun 26, 2008 1:31pm
Quoting sikacek
yah, I just checked a result for 2005 on weekly breakout thread ..108 pips/month.. not bad for ranging year..
It made something like 60% on your account last year, including compounding.
It's well ahead of schedule this year to do the same.
  • #125
  • Jun 26, 2008 1:34pm Jun 26, 2008 1:34pm
Quoting billbss
It made something like 60% on your account last year, including compounding.
It's well ahead of schedule this year to do the same.
2007??? i saw the excel sheet ... from $2000 to $1.400.000.. that is more then 60%

Veni, vidi, vici...
  • #126
  • Jun 26, 2008 1:47pm Jun 26, 2008 1:47pm
Quoting sikacek
2007??? i saw the excel sheet ... from $2000 to $1.400.000.. that is more then 60%

This wasn't from the Excel sheet. This was bigricky's backtest. He risked 2% per trade. Nothing fancy.
  • #127
  • Jun 26, 2008 3:59pm Jun 26, 2008 3:59pm
Has anyone looked at a G/J breakout based on 3pm to 7pm, 3pm to 1pm?
  • #128
  • Jun 26, 2008 4:11pm Jun 26, 2008 4:11pm
I have to hurry and go somewhere.
It looks like a $25 loss today.
I'll verify that when I get back.

Today's numbers

BUY STOP = 213.73
SL = 211.88
TP = 215.58

SELL STOP = 211.88
SL = 213.83
TP = 210.03
  • #129
  • Jun 26, 2008 5:00pm Jun 26, 2008 5:00pm
Quoting billbss
I have to hurry and go somewhere.
It looks like a $25 loss today.
I'll verify that when I get back.

Today's numbers

BUY STOP = 213.73
SL = 211.88
TP = 215.58

SELL STOP = 211.88
SL = 213.83
TP = 210.03
YES Bill, entry looks good... loss is 23 pips for sell + 111 for buy.. total -134 pips for today
Veni, vidi, vici...
  • #130
  • Jun 27, 2008 4:05am Jun 27, 2008 4:05am
Buy 213.71
sl 211.97
tp 215.45

sell 211.89
sl 213.63
tp 210.15

Already In The Sell.
  • #131
  • Jun 29, 2008 5:04pm Jun 29, 2008 5:04pm
bill, are you gonna setup weekly and daily ?? or just weekly for today...because we got same setup (NF)
Veni, vidi, vici...
  • #132
  • Jun 29, 2008 5:07pm Jun 29, 2008 5:07pm
Quoting sikacek
bill, are you gonna setup weekly and daily ?? or just weekly for today...because we got same setup (NF)
I don't do the daily on Monday.

I'll put the numbers here if anyone wants it.

Also, I'll track the results and include them.



BUY STOP = 212.21
SL= 210.95
TP = 213.47

SELL STOP = 210.95
SL = 212.21
TP = 209.69
  • #133
  • Jun 30, 2008 4:12pm Jun 30, 2008 4:12pm
NF (3 - 4H candles)

H: 211.64
L:209.44

Buy: 211.74
SL: 209.43
TP: 214.05

Sell: 209.43
SL: 211.74
TP: 207.12

today was bad, BUY hit SL, and sell end up -61 pips .. total: - 187 pips
Veni, vidi, vici...
  • #134
  • Jun 30, 2008 4:31pm Jun 30, 2008 4:31pm
buy 211.72
sl 209.46
tp 213.98



sell 209.46
sl 211.72
tp 207.20

What a range!
  • #135
  • Jul 1, 2008 2:59pm Jul 1, 2008 2:59pm
Riding all day in a loss. Went down to 210.03 then retaced. There is still hope in this breakout to breakeven this evening.
  • #136
  • Jul 1, 2008 5:31pm Jul 1, 2008 5:31pm
Buy: 211.74
SL: 209.43
TP: 214.05

today buy close 211.67.. total pips -7..

not good performance at all...

wendesday setup:

BUY : 211.8 SL 210.0 TP 213.66
Sell 210.0 SL 211.83 TP 208.17
Veni, vidi, vici...
  • #137
  • Jul 3, 2008 8:34am Jul 3, 2008 8:34am
fxcm

buy 212.13
sl 211.00
tp213.26

sell 210.07
sl 211.20
tp 208.84

Not in yet. Nfp today. Will be interesting.

This test your patience and mm.
  • #138
  • Jul 7, 2008 2:59pm Jul 7, 2008 2:59pm
This method is going to the scrap heap. It has lost the last 7 or 8 days in a row. It was a test and it failed. If the GBP/JPY ever gets back to normal it may grind out a profit, bit this has had too many consecutive losses to be a viable method, even if it suddenly starts back on track. If anyone else has any ideas, feel free to offer them, we'll track them. Meanwhile, I'll do some digging and see if I can come up with a daily breakout that works.
  • #139
  • Aug 11, 2008 5:45pm Aug 11, 2008 5:45pm
Quoting billbss
This method is going to the scrap heap. It has lost the last 7 or 8 days in a row. It was a test and it failed. If the GBP/JPY ever gets back to normal it may grind out a profit, bit this has had too many consecutive losses to be a viable method, even if it suddenly starts back on track. If anyone else has any ideas, feel free to offer them, we'll track them. Meanwhile, I'll do some digging and see if I can come up with a daily breakout that works.



FXCM



high
211.3
low
210.14
buy
211.38
sl
210.22
tp
212.54
sell
210.13
sl
211.29
tp
208.97




This is what i have. No new idea yet. How about trsding 2 lots then when one is in a third profit take it and let the other run. Takining half of it at 50% of the run. let the other half complete its course.

Lets just wait and see.
  • #140
  • Aug 13, 2008 5:08pm Aug 13, 2008 5:08pm
This system have had 3 good days. Yesterday was a long range, but still hit with all the news.

With the wide range of today and yesterday, i am going to use the 8 bars hi-lo but, change the tp to 100.


This is a good system in a ranging market. It had its loses but the market is ranging againg.
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