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The Pouria Method

  • #201
  • Feb 9, 2007 10:38am Feb 9, 2007 10:38am
Quoting fxnewbie 71
thanks for sharing your result mwilkinw! i am happy for u,can i ask u something? do your profit comes mainly fr cable or fr different pairs? thanks alot...:
Hey fxnewbie71! This week my profits came from usd/jpy, eur/jpy, eur/chf anf gbp/usd. I have the system open in all of my charts... but the best reults are with the trending currencies rather than range-bound pairs!

Happy Trading!
  • #202
  • Edited 10:51am Feb 9, 2007 10:50am | Edited 10:51am
Quoting ericoco


On what TF did you see the crossing ?coz on the 30min as recommended by forexexpert310 there's non i.e on the EUR/JYP
Hi ericoco, at that time the bar was in the middle of the channel. It didn't cross though...
  • #203
  • Feb 9, 2007 10:54am Feb 9, 2007 10:54am
Quoting fxnewbie 71
i am always v.curious of what traders r thinking when they r trading live? panicky? scared? whats your rates of success like? what abt failure? sorry for the questions...thanks:
Hey no problem..uhh... I'm as relaxed as one can be (I wouldn't be human, if there wasn't any anxiety and doubt in my trading). I use a very strict money management strategy and a decent trading strategy.... that's really all you can ask for in this business. My money management strategy is what makes me profitable.. not my trading strategy per se... however, this system works excellently with the way I trade... "half kelly" money management, and adding to my position as account size increases (basically).
  • #204
  • Feb 9, 2007 11:03am Feb 9, 2007 11:03am
possible GBP/JPY long... fueled by profit taking... hopefully this can run until the end of the session!
  • #205
  • Feb 9, 2007 12:04pm Feb 9, 2007 12:04pm
Quoting fxnewbie 71
thanks for your input but what abt the mental part? thanks
just follow the rule, thats all. try don't get emotional with the decision. As for me, i'm only do manual trading, no EA's for me since i don't feel really comfortable with it.

I notice that an EA is currently being develop just wondering does anybody develop indicator (that make noise when the ema's cross) for this method ?

and one thing, what is the time frame for trading gbp/jpy?
  • #206
  • Feb 9, 2007 12:14pm Feb 9, 2007 12:14pm
Quoting a68000
just follow the rule, thats all. try don't get emotional with the decision. As for me, i'm only do manual trading, no EA's for me since i don't feel really comfortable with it.

I notice that an EA is currently being develop just wondering does anybody develop indicator (that make noise when the ema's cross) for this method ?

and one thing, what is the time frame for trading gbp/jpy?

GBP/JPY on a 30min works.
  • #207
  • Feb 9, 2007 12:17pm Feb 9, 2007 12:17pm
Quoting mwilkinw
GBP/JPY on a 30min works.
thanks man
  • #208
  • Feb 9, 2007 12:40pm Feb 9, 2007 12:40pm
That GBP/JPY long signal came..

I took it at 237.15.. let's see if we can have a little friday afternoon action in our direction!
  • #209
  • Feb 9, 2007 12:58pm Feb 9, 2007 12:58pm
Quoting mwilkinw
That GBP/JPY long signal came..

I took it at 237.15.. let's see if we can have a little friday afternoon action in our direction!
Hi mwilkinw
Did MACD confirm your trade? I don't see that on my chart...
Thanks. Gab
  • #210
  • Feb 9, 2007 1:01pm Feb 9, 2007 1:01pm
Quoting mwilkinw
Hey no problem..uhh... I'm as relaxed as one can be (I wouldn't be human, if there wasn't any anxiety and doubt in my trading). I use a very strict money management strategy and a decent trading strategy.... that's really all you can ask for in this business. My money management strategy is what makes me profitable.. not my trading strategy per se... however, this system works excellently with the way I trade... "half kelly" money management, and adding to my position as account size increases (basically).
Hi mwilkinw

can you please explain a bit more how works half kelly money management?

thank you
Peter
  • #211
  • Feb 9, 2007 1:04pm Feb 9, 2007 1:04pm
Quoting TraderGab
Hi mwilkinw
Did MACD confirm your trade? I don't see that on my chart...
Thanks. Gab

Hey TraderGab! I take the trades as long as the MACD is moving in the direction of the 5EMA when it crosses... I don't wait until it crosses 0. I also have it on my system.. so I usually take the trade on the alert... I just don't exit on the alert and I use strict money management... so I use the system as an entry indicator everything else is all TRADER!!

Happy Trading!
  • #212
  • Feb 9, 2007 1:06pm Feb 9, 2007 1:06pm
Quoting petvel1985
Hi mwilkinw

can you please explain a bit more how works half kelly money management?

thank you
Peter

Hey Peter,

I just wrote about it here check it out:
http://www.forexfactory.com/showpost...7&postcount=47
  • #213
  • Feb 9, 2007 1:13pm Feb 9, 2007 1:13pm
I waited for MACD confirm and took the trade a couple of minutes ago at 237.20 may I ask what stop you are going to use?
  • #214
  • Feb 9, 2007 1:18pm Feb 9, 2007 1:18pm
Quoting Forex1man
I waited for MACD confirm and took the trade a couple of minutes ago at 237.20 may I ask what stop you are going to use?

Hey Forex1man hopefully we'll see some profit on this trade... My initial stop is 30pips below entry, then once the trade is profitable, I make a judgement call to move the stop 2 pips on the oppsoite side of the MA's... the averages usually become support for a longer trend... so rather than using a trailing stop I'll scale in and out of the trade.
  • #215
  • Feb 9, 2007 1:23pm Feb 9, 2007 1:23pm
hello everyone just wanted to say, I'm glad that this system is working for you guys, My Pouria Method II will come out soon after this method gets out completely so standby

I'm doing this to own the banks/big investors, they've taken enough money from people
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  • #216
  • Feb 9, 2007 1:29pm Feb 9, 2007 1:29pm
Nice to hear from you and thanks your system looks fine if so far and is greatly appreciated, looking forward to see what else your are trading. Thanks again
  • #217
  • Feb 9, 2007 1:38pm Feb 9, 2007 1:38pm
u mean you will teach us how to fish and then give us fish meanwhile we are already fishermen. can't wait.
thanks

Quoting forexpert310
hello everyone just wanted to say, I'm glad that this system is working for you guys, My Pouria Method II will come out soon after this method gets out completely so standby

I'm doing this to own the banks/big investors, they've taken enough money from people
  • #218
  • Feb 9, 2007 2:03pm Feb 9, 2007 2:03pm
Quoting Forex1man
I waited for MACD confirm and took the trade a couple of minutes ago at 237.20 may I ask what stop you are going to use?
It looks like we may have to hold this trade or cut before the close if we don't have some movement in the next hour. I'll probably hold.
  • #219
  • Feb 9, 2007 2:10pm Feb 9, 2007 2:10pm
Since it is the time of day and Friday closing I took profits 50% profits on this trade at 10 pips and moved stop loss to break even on remaining lots. Have a nice weekend and looking forward to more trading with this unique and easy concept. Entered at 237.20 took 50% off at 237.30 balance at 237.20 stop.
  • #220
  • Feb 9, 2007 2:47pm Feb 9, 2007 2:47pm
Closed out remaning lots netted 10 pips per lot, in trade for 1-1/2 hrs not to bad for a slow friday afternoon.
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