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Simplicity is the Key

  • #261
  • Feb 9, 2007 4:08am Feb 9, 2007 4:08am
Iki,
I got that EUR/JPY last tuesday. i forget maybe 50 pips then i closed it and see what happends the whole week continue climbing up, had i keep it up to now, i dont know 300 pips???
  • #262
  • Feb 9, 2007 4:10am Feb 9, 2007 4:10am
Quoting ikimashu
looking good so far, the key is the TP now
since you announced a TBA, I still would like to know what is your ideal exit point..... LOL~

mine is set at TP1: 1.2985 TP2: 1.2970
Mine is more optimistic. more than ur TP 2, i like to get 50, then review if still strong i keep and close before 5:00PM
  • #263
  • Feb 9, 2007 4:16am Feb 9, 2007 4:16am
Iki,
Call me old fashioned, i dont like that TP1 and TP2. if i closed i closed the whole thing or keep open the whole thing. But your style, almost everybody is using that technique, i knw its good but i am not comfortable with that.
  • #264
  • Feb 9, 2007 4:17am Feb 9, 2007 4:17am
Quoting trader101
Iki,
I got that EUR/JPY last tuesday. i forget maybe 50 pips then i closed it and see what happends the whole week continue climbing up, had i keep it up to now, i dont know 300 pips???
Trader101,

For this I will keep one lot with stop @BE

no risk no gain bro~!

CAD is on its way, are u in ? I decided to stay aside and watch it go
I did enter on a Demo acct, but did not enter on the real acct.
my concern is still the MACD did not confirm my entry
"Quality means doing it right when no one is looking"
  • #265
  • Feb 9, 2007 4:19am Feb 9, 2007 4:19am
EUR?JPY
Maybe im wrong it is showing signs of shorting, it is a good sign for next week trading that could be good for another 3 days short rally.
  • #266
  • Feb 9, 2007 4:21am Feb 9, 2007 4:21am
Quoting ikimashu
Trader101,

For this I will keep one lot with stop @BE

no risk no gain bro~!

CAD is on its way, are u in ? I decided to stay aside and watch it go
I did enter on a Demo acct, but did not enter on the real acct.
my concern is still the MACD did not confirm my entry
NO on CAD maybe after the 7:00 employment report then i review if it is the same situation or reverting to original situation. Mayb ewaht we see are just "dumb money" pulling up.
  • #267
  • Feb 9, 2007 4:22am Feb 9, 2007 4:22am
Quoting trader101
EUR?JPY
Maybe im wrong it is showing signs of shorting, it is a good sign for next week trading that could be good for another 3 days short rally.
I would like to confirm that bearish sign,
short at 157.75 can try that entry
"Quality means doing it right when no one is looking"
  • #268
  • Feb 9, 2007 4:25am Feb 9, 2007 4:25am
trader101,

I am afraid I must excuse myself for a while

will be back @NY open!

hope to see you there!

BTW, my EU stop is 25 pips away as well~ wish it holds till i come back!

good luck!

bless~
"Quality means doing it right when no one is looking"
  • #269
  • Feb 9, 2007 4:26am Feb 9, 2007 4:26am
Iki,
I am really hoping that same folks in this thread will learn from what we are discussing here and perhaps it be more fun if some of them try to join and not be shy.
  • #270
  • Feb 9, 2007 4:29am Feb 9, 2007 4:29am
i do not think I am good enough to demonstrate the correct theory of trading
I do not even know what is the system I am trading based on~ LOL

I came back to tell you to keep an eye on USD/CHF~
I smell some bullish signs in the air~

alrite~ really have to go now~

cya
"Quality means doing it right when no one is looking"
  • #271
  • Feb 9, 2007 4:33am Feb 9, 2007 4:33am
Im not doing anything on EUR/JPY remember today is Friday last day of trading for the week. If it dives ill just watch it. If it is with the ducks on Monday then i swim with it.
  • #272
  • Feb 9, 2007 4:36am Feb 9, 2007 4:36am
EUR/JPY
If it hits 157.60 before 12:00EST, by then i can confirm it is shorting.
  • #273
  • Feb 9, 2007 4:48am Feb 9, 2007 4:48am
Bye for now folks,
See you when NY opens.
  • #274
  • Edited 5:27am Feb 9, 2007 5:07am | Edited 5:27am
1) My candles are day candles.

2) I enter with 3 lots I exit 2 at 100-pips the 3rd rides. My stops are hard stops at 50-pips on entry. On the 3rd lot I move the stop up to break even at a 100-pip gain. So winning pips are 100+ / Lossing pips is 50.

3) I trade in sessions. each sessions consists of maltiple entrys and exits. A session is not over until it is profitable. Therefore I never have a losing session.

4) Yes I use stop losses.

5) Same time every day. At the open of the day candle 5pm eastern. That is when I enter, manage and exit positions. And it realy only takes about an hour. I only trade 4 pairs. EUR/USD, GBP/USD, USD/CHF, EUR/JPY (Low spreds, high daily ATR's)

I know my trade style is intriguing but at this time I will not be explaining it in full. I know that sounds rude and I'm sorry if that offends anybody.

This is trader101's thred. I probably went a little too far with my encouragement to trader101 and put a little more attention to myself than I like.

Quoting ycomp
Hi Jeff,

Needless to say your post is very interesting. Hope you don't mind a few simple questions:

1) what time frame are your candles?

2) on the average trade, how big are your winning pips compared to losing pips?

3) on average out of every 10 trades, how many are winners?

4) do you use Stop Losses?

5) are these the same 2 hours every day? or do you just trade when you feel like it?

thanks.
Life is like a stone, It can grind you, or it can sharpen you. Your Choice.
  • #275
  • Feb 9, 2007 6:02am Feb 9, 2007 6:02am
Back here earlier than I predicted I would~

anyways, taking up again where I left,

EU still on the right trend heading lower, I am glad it did not break 1.3016 area, so the short trend is still valid.

USD/CAD start to form a nice up trend with almost MACD confirmation, my best entry would be 1.1860. 15 pips away from current quote.

USD/CHF still under monitoring, uptrend is most likely to be formed later on.

EUR/JPY with sign of down trend...but as Trader101 said, leave this till next week~ LOL
"Quality means doing it right when no one is looking"
  • #276
  • Feb 9, 2007 6:12am Feb 9, 2007 6:12am
ah uh~ the news ~

great one, now I can forget the USD/CAD entry
"Quality means doing it right when no one is looking"
  • #277
  • Feb 9, 2007 7:37am Feb 9, 2007 7:37am
Hello, everyone..
I think i overslept a little, wow this fun already, i hate missing every moment i have here i miss a lot the USD/CAD just free fall.. oh yeah the employment report.
my trade #23 currently -9, well at least it was not stop meaning iam still on trade. I have to make a quick Chart check for good trades at least for the day.
  • #278
  • Feb 9, 2007 7:52am Feb 9, 2007 7:52am
Quoting trader101
Hello, everyone..
I think i overslept a little, wow this fun already, i hate missing every moment i have here i miss a lot the USD/CAD just free fall.. oh yeah the employment report.
my trade #23 currently -9, well at least it was not stop meaning iam still on trade. I have to make a quick Chart check for good trades at least for the day.
trader101

welcome back! EU welcome your return with a nice 10 pip down!
"Quality means doing it right when no one is looking"
  • #279
  • Feb 9, 2007 7:57am Feb 9, 2007 7:57am
Quoting howtalru
1) My candles are day candles.

2) I enter with 3 lots I exit 2 at 100-pips the 3rd rides. My stops are hard stops at 50-pips on entry. On the 3rd lot I move the stop up to break even at a 100-pip gain. So winning pips are 100+ / Lossing pips is 50.

3) I trade in sessions. each sessions consists of maltiple entrys and exits. A session is not over until it is profitable. Therefore I never have a losing session.

4) Yes I use stop losses.

5) Same time every day. At the open of the day candle 5pm eastern. That is when I enter, manage and exit positions. And it realy only takes about an hour. I only trade 4 pairs. EUR/USD, GBP/USD, USD/CHF, EUR/JPY (Low spreds, high daily ATR's)

I know my trade style is intriguing but at this time I will not be explaining it in full. I know that sounds rude and I'm sorry if that offends anybody.

This is trader101's thred. I probably went a little too far with my encouragement to trader101 and put a little more attention to myself than I like.
Its OK for me, bro, all for fun... you can mentioned your thread to our friends so they can go there and could ask hard questions about your winning system.. as a suggestions, of course.
regards
  • #280
  • Feb 9, 2007 7:57am Feb 9, 2007 7:57am
where are you?
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