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Weekly Gbpjpy Breakout System

  • #441
  • Jun 29, 2008 5:11pm Jun 29, 2008 5:11pm
Hope this week will not be like the last one.

On Alpari I got h/l for the last 7 1H bars 212,12 211,11

so my numbers are (7p spread)

Buy stop 212,20
TP 213,30
SL 211,10

Sell stop 211,10
TP 210,00
SL 212,20

LiF
  • #442
  • Jun 29, 2008 5:14pm Jun 29, 2008 5:14pm
Quoting LostInForex
Hope this week will not be like the last one.

On Alpari I got h/l for the last 7 1H bars 212,12 211,11

so my numbers are (7p spread)

Buy stop 212,20
TP 213,30
SL 211,10

Sell stop 211,10
TP 210,00
SL 212,20

LiF
Keep in mind that what happened last week is only the third time in 25 weeks.
  • #443
  • Jun 29, 2008 5:24pm Jun 29, 2008 5:24pm
my score is 7W:2L (last week double) ..but not crying.. not yet..
Veni, vidi, vici...
  • #444
  • Jun 29, 2008 5:27pm Jun 29, 2008 5:27pm
It's heading for a long breakout, it looks like.
  • #445
  • Jun 29, 2008 7:50pm Jun 29, 2008 7:50pm
How do you do all,
anybody use this awesome strategy with the ECN?
Perhaps more profitable? In view of non fixed spread.
Hmm, I don't know ..

BTW, the 212.21 stop order just hit.
Thanks sir Billbss
  • #446
  • Jun 30, 2008 1:19am Jun 30, 2008 1:19am
Ahhh brother....here we go again....lets see if we can get a better result this week than last.
Just SL for Buy order and triggered BS.

We will see......LETS GO SHORT!
  • #447
  • Jun 30, 2008 3:32am Jun 30, 2008 3:32am
TP touch, it's a winner
  • #448
  • Jun 30, 2008 7:21am Jun 30, 2008 7:21am
Quoting erikgault
TP touch, it's a winner
erikgault,
is that the short one?
I just make it 2x channel 'cause my long was stoped.
I don't know ..
  • #449
  • Jun 30, 2008 8:30am Jun 30, 2008 8:30am
My first entry was a buy - SL hit, My second entry, the sell is still open, came around 60 - 70 pips from tp but has now moved away again. I doubled my TP for the second order, I dont think anyone would have hit TP yet if they done that.
  • #450
  • Jun 30, 2008 8:33am Jun 30, 2008 8:33am
Quoting alexwaller
My first entry was a buy - SL hit, My second entry, the sell is still open, came around 60 - 70 pips from tp but has now moved away again. I doubled my TP for the second order, I dont think anyone would have hit TP yet if they done that.
They wouldn't have, but people are doing different versions of it and taking their numbers from different sources.
I'm exactly where you are.
  • #451
  • Jun 30, 2008 8:50am Jun 30, 2008 8:50am
Quoting Kfx
Backtest my friend, backtest .... Is not 14 and is not 21. Too you have to find the timeframe.
no....not going to BT.
i prefer to wait my own confirmation. just wanna chit chat..thats all
  • #452
  • Jun 30, 2008 11:18am Jun 30, 2008 11:18am
Quoting billbss
They wouldn't have, but people are doing different versions of it and taking their numbers from different sources.
I'm exactly where you are.
My reason ist quite simple,

I do not have the time/possibility to track the trades the hole day,
so I (looks like luckyly) missed to move my TP on the sell so I'm break even for the week.
  • #453
  • Jun 30, 2008 4:24pm Jun 30, 2008 4:24pm
Quoting sikacek
come to see me here in Tampa, FL
Ocala, Fl here. Small world!
Hi, my name is Barry and you can keep your doctor...
  • #454
  • Jun 30, 2008 4:55pm Jun 30, 2008 4:55pm
Quoting cisco
Ocala, Fl here. Small world!
yes.. small world...
Veni, vidi, vici...
  • #455
  • Jun 30, 2008 4:58pm Jun 30, 2008 4:58pm
ErikGault, your initial stoploss (BUY OERDER) would have been hit and then the sell order would have now been triggered. Your Take Profit should be DOUBLED, so we are ALL still in the trade, im not sure how your out.


Anyways....just thought you should trade this strategy as it was designed to be traded or your results will be very different from ours.

Thats all mate....
  • #456
  • Jun 30, 2008 7:29pm Jun 30, 2008 7:29pm
Quoting billbss
Taking the last two 4H bars (Friday) from North Finance

H= 212.11
L= 210.96
Range = 115 pips.
That's >100. We don't have to go back another bar.

Add 1 pip + spread(9 pips) to the H for BUY STOP.

BUY STOP = 212.21

Subtract 1 pip from the L for SELL STOP.

SELL STOP = 210.95

BUY STOP - SELL STOP = 126 pips

BUY STOP + 126 = TP (buy) = 213.47
SELL STOP - 126 = TP (sell) = 209.69

So:

BUY STOP = 212.21
SL= 210.95
TP = 213.47

SELL STOP = 210.95
SL = 212.21
TP = 209.69


Thank bill
  • #457
  • Jul 1, 2008 9:07am Jul 1, 2008 9:07am
Quoting ia4x
ErikGault, your initial stoploss (BUY OERDER) would have been hit and then the sell order would have now been triggered. Your Take Profit should be DOUBLED, so we are ALL still in the trade, im not sure how your out.


Anyways....just thought you should trade this strategy as it was designed to be traded or your results will be very different from ours.

Thats all mate....
do you know why ? it seems i make a mistake.... i don't look at the chart closely, the BUY ORDER don't hit because of my late entry, the price have already move south so it hit the SELL ORDER instead .. and voila it move down to my TP hit...

so.. pardon me my friend for not being carefull
  • #458
  • Jul 1, 2008 9:18am Jul 1, 2008 9:18am
Has anyone tested this to see if the system works on any other currency pairs?
I am doing some manual backtesting now, but just wanted to see if someone could save me some time on some pairs.
  • #459
  • Jul 1, 2008 9:22am Jul 1, 2008 9:22am
Quoting nikim
Has anyone tested this to see if the system works on any other currency pairs?
I am doing some manual backtesting now, but just wanted to see if someone could save me some time on some pairs.
Not to my knowledge.
I have seen posts from people saying they were going to test it on different pairs, but have never seen any followup.
  • #460
  • Jul 1, 2008 9:23am Jul 1, 2008 9:23am
Quoting erikgault
do you know why ? it seems i make a mistake.... i don't look at the chart closely, the BUY ORDER don't hit because of my late entry, the price have already move south so it hit the SELL ORDER instead .. and voila it move down to my TP hit...

so.. pardon me my friend for not being carefull
anda beruntung!
In English: "Lucky you!"
LOL
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