Gamblers live trades new system | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gamblers 5 and 15 minute trading system 291 replies

polling ex-gamblers and non ex-gamblers 5 replies

Gamblers forex, stocks and futures strategy 52 replies

Gamblers live trades 91 replies

Gamblers carry trade system 5 replies

Attachments: Gamblers live trades new system
Exit Attachments

Gamblers live trades new system

  • #1
  • First Post: Aug 16, 2008 1:06pm Aug 16, 2008 1:06pm
I have made some changes in my system so I thought it was time to start a new trading journal. The rules for my system are very identical to the rules explained in this thread http://forexfactory.com/showthread.php?t=74793.

My new rules takes into account that the volatility for a certain pair is not the same all the time so I can't use fixed stop losses and take profits. I will not explain the system in this post but in the coming weeks I will be posting pictures of my trades so you can get an idea of what I am doing.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #2
  • Aug 17, 2008 2:27am Aug 17, 2008 2:27am
I look forward to following your trades as you refine your system.
  • #3
  • Aug 17, 2008 10:51am Aug 17, 2008 10:51am
Hi Gambler,

I use a very similar strategy so I look forward to it too. GL.
  • #4
  • Aug 17, 2008 2:09pm Aug 17, 2008 2:09pm
Thanks for the nice comments. I run the system in cycles and today I have bought USD/JPY. As this is the start of a new cycle and I have not lost money yet I will close the position tomorrow if it is in profit but I also have a target in case the price reaches that point and then retraces.

http://img228.imageshack.us/img228/1...vngivetbn3.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #5
  • Edited Aug 19, 2008 9:22am Aug 18, 2008 12:38pm | Edited Aug 19, 2008 9:22am
I accidentally used virtual money in the first trade and that trade has now been closed. I do not count this trade as it was not real money. I have bought the pair again today this time with real money.

http://img381.imageshack.us/img381/6...vngivetxs6.jpg

Edit: The trade is with approximately 1 % of my account balance.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #6
  • Aug 19, 2008 9:21am Aug 19, 2008 9:21am
Today the trade hit stop loss of -52 pips and I have written in an excel sheet that I have lost one time with one %. If the next USD/JPY trade is also a loss I will increase the lot size to 2 % of my account balance. If I win more than I have just lost I will start a new cycle.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #7
  • Aug 19, 2008 2:08pm Aug 19, 2008 2:08pm
Today I sold USD/JPY

http://img501.imageshack.us/img501/6...vngivetve2.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #8
  • Aug 21, 2008 6:59am Aug 21, 2008 6:59am
Today the price hit my target and I eraned +72 pips.

Total +20 pips

The next trade will be the start of cycle 2.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #9
  • Aug 21, 2008 3:54pm Aug 21, 2008 3:54pm
Quoting Gambler180
Today the price hit my target and I eraned +72 pips.

Total +20 pips

The next trade will be the start of cycle 2.
Congratulations, it is always nice to be back in the black.
  • #10
  • Aug 24, 2008 2:09pm Aug 24, 2008 2:09pm
Today I bought CHF/JPY

http://img237.imageshack.us/img237/6...vngivetsz4.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #11
  • Aug 25, 2008 1:06pm Aug 25, 2008 1:06pm
Stop loss has been hit and I lost 51 pips.

Total -31 pips.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #12
  • Aug 25, 2008 2:15pm Aug 25, 2008 2:15pm
Hey Gambler...

Good luck man... I have been following your thread... I hope you do well!!!

Will be watching this thread with interest...

I have a system, similar to yours - from your original concept.

Regards,
Vip
  • #13
  • Aug 25, 2008 3:17pm Aug 25, 2008 3:17pm
Quoting guess121
Hey Gambler...

Good luck man... I have been following your thread... I hope you do well!!!

Will be watching this thread with interest...

I have a system, similar to yours - from your original concept.

Regards,
Vip
Hey Guess121

I just started reading this thread and am really intrigued!!
Gambler's system is beautifully simple and to the point--the point of making pips that is. Talk about following price action------Yyyeeeaahhhhh--------
I think some pips could be made here.
By the way , what's your system similar to this one?
I know where I am----I just don't know where I'm going!
  • #14
  • Aug 26, 2008 5:17am Aug 26, 2008 5:17am
Today I hit my target and I earned 65 pips.

Total +34 pips.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #15
  • Aug 26, 2008 12:59pm Aug 26, 2008 12:59pm
Quoting Gambler180
Thanks for the nice comments. I run the system in cycles and today I have bought USD/JPY. As this is the start of a new cycle and I have not lost money yet I will close the position tomorrow if it is in profit but I also have a target in case the price reaches that point and then retraces.

http://img228.imageshack.us/img228/1...vngivetbn3.jpg
Hey Gambler180---

Cool little idea---Could you please tell me more about the cycle that you are using?
I know where I am----I just don't know where I'm going!
  • #16
  • Aug 26, 2008 2:37pm Aug 26, 2008 2:37pm
Support and Resistance - Horizontal Lines Only

Take a look at this chart - I do not want to take over Gamblers Journal...

Though you can see where price stops... this is not a bad way of trading.

Arrow Down
Into trading zone - short

Tick
Target

Thumbs Up
Price moved in the opposite direction, but where did it stop?

You have to find the trading zone and take your profit targets with SL in use and good MM, you can trade.

Though no trade is ever the same, SL, TP or lots you are trading, this is where MM will be the winner!

Regards,
Vip

Quoting capt. ok
Hey Guess121

I just started reading this thread and am really intrigued!!
Gambler's system is beautifully simple and to the point--the point of making pips that is. Talk about following price action------Yyyeeeaahhhhh--------
I think some pips could be made here.
By the way , what's your system similar to this one?
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 11 KB
  • #17
  • Aug 27, 2008 9:02am Aug 27, 2008 9:02am
Quoting capt. ok
Hey Gambler180---

Cool little idea---Could you please tell me more about the cycle that you are using?
Please read the first post. I take it as it comes over the next few weeks or months.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #18
  • Aug 27, 2008 11:47am Aug 27, 2008 11:47am
Hey Gambler,

How you do today?

Regards,
Vip
  • #19
  • Aug 27, 2008 2:19pm Aug 27, 2008 2:19pm
Today I have bought CHF/JPY because I can see a double bottom. I should have bought yesterday but I was sleeping. All day had been a fight to stay awake and I nearly fell asleep in school.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #20
  • Edited Aug 30, 2008 3:27am Aug 29, 2008 2:18pm | Edited Aug 30, 2008 3:27am
The CHF/JPY position has hit stop loss of -82 pips.

Total -48.
If slaughterhouses had glass walls, everyone would be a vegetarian!
0 traders viewing now