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Attachments: 150-200 pip/month without technical indicators.
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150-200 pip/month without technical indicators.

  • #261
  • Aug 28, 2008 7:15am Aug 28, 2008 7:15am
Ouch! Sell Trade filled and Stop Loss filled: -25 pips. I'lll cry again, tonight. Oops! I meant TRY again, tonight. LOL

I currently trade 3 different breakout/straddle systems with three different currency pairs, and differing boxes, entry points, SL's and TP's. All have suffered basically the same fate, during this ranging market.

Not to complicate matters, but I think it would be helpful if we utilized some sort of filter to help us stay out of ranging markets. Last night's box range was only 68 pips tall. Maybe we could backtest to see what the box height was for winning trades. Maybe anything either side of 80-120 pips should be avoided?

Your thoughts, Maya and Micro?
  • #262
  • Aug 29, 2008 12:01am Aug 29, 2008 12:01am
Hi!

A signal provider I use alerts that the market is too choppy to make breakout trades for tonight. I tend to agree given tomorrow is Friday and Monday is a major US holiday.

Therefore, I will resume trading next Tuesday, and pass on tonight's activity. (Well...generally i still do trade under circumstances like this, but only at 10% of the lot size. This way I continue interest in the day's activity, but the results are not very significant to my bottom line.)

Just my 2 cents worth.

Maya...will you be trading, tonight?
  • #263
  • Aug 29, 2008 1:05am Aug 29, 2008 1:05am
I guess you're right Bob. No harm if we're filtered out from a bad trade tonight, and if we miss a good move, that's just too bad but nothing great to cry about.

I'll be staying off the markets today.
  • #264
  • Aug 29, 2008 1:42am Aug 29, 2008 1:42am
Its a good effort and method. We learn something new here. I'm also don't like and not using any indicators except for fibo strategy. I always got 150 pips per day. Just focus at the market pattern. I'm also using one of similar kind of your pattern.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #265
  • Aug 29, 2008 2:37am Aug 29, 2008 2:37am
Quoting Yngwie
Its a good effort and method. We learn something new here. I'm also don't like and not using any indicators except for fibo strategy. I always got 150 pips per day. Just focus at the market pattern. I'm also using one of similar kind of your pattern.
Yngwie,

Welcome to Maya's thread. Could you please elaborate on your similar pattern and your fibo strategy for us?

Many thanks!
  • #266
  • Aug 29, 2008 5:17am Aug 29, 2008 5:17am
3pm candle kinda long...hmmm...tough week...
  • #267
  • Aug 29, 2008 5:39am Aug 29, 2008 5:39am
Quoting microsuck_36
3pm candle kinda long...hmmm...tough week...
Micro,

Did you trade or pass?
  • #268
  • Aug 29, 2008 6:20am Aug 29, 2008 6:20am
Quoting Bobcat2
Micro,

Did you trade or pass?
oh i always trade bob lol (unless my internet down)... plus with other system doin okay..not great but okay so if it hit -25 this month still okay with me...but i dont think it will hit hi or lo setting this time..almost 8pm now...

hope next month is better than this month...
  • #269
  • Sep 1, 2008 12:45am Sep 1, 2008 12:45am
Quoting Bobcat2
Yngwie,

Welcome to Maya's thread. Could you please elaborate on your similar pattern and your fibo strategy for us?

Many thanks!
This is my analysis for last month (21 Aug 08). I put a few notes at chart. Hope you guys can understand it.

p/s: Please note that i'm using Malaysia (south east asia) times.
Attached Image (click to enlarge)
Click to Enlarge Name: fx.jpg Size: 115 KB
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #270
  • Sep 1, 2008 12:49am Sep 1, 2008 12:49am
Hey guys, this is more fibo analysis from last month. Please refer to case A and case B.

Please note that i'm again using my country (south east asia) time!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fxA.jpg Size: 89 KB
Click to Enlarge Name: fxB.jpg Size: 97 KB
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #271
  • Sep 1, 2008 1:19am Sep 1, 2008 1:19am
Hello guys! This is my last EUR/USD Fibo analysis for 20 and 22 Aug 08. I have more simple technics for trade system. I will show you guys soon.

Cheers!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20aug.jpg Size: 244 KB
Click to Enlarge Name: 22aug.jpg Size: 239 KB
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #272
  • Sep 1, 2008 8:32am Sep 1, 2008 8:32am
hi Yngwie,
simple system u got there..anyway may i know on case B.. "highest swing" did u trade buy?
  • #273
  • Sep 1, 2008 11:17am Sep 1, 2008 11:17am
Line for highest swing for case B is a 100% line for fibo. This point is a good point and safest way to enter BUY if the price breaks the 100% line! However, example also show that highest line from 6am to 2pm (this is South East Asia Time!) also can consider as a valid signal to enter BUY for EUR/USD pair.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #274
  • Sep 1, 2008 3:37pm Sep 1, 2008 3:37pm
Quoting Yngwie
Line for highest swing for case B is a 100% line for fibo. This point is a good point and safest way to enter BUY if the price breaks the 100% line! However, example also show that highest line from 6am to 2pm (this is South East Asia Time!) also can consider as a valid signal to enter BUY for EUR/USD pair.
hi yngwie,
sorry but i still confused with ur case B chart..there is one candle that crossed ur 100% line but u dont trade buy, instead u trade buy on the next wave or swing.....care to xplain..thanks
  • #275
  • Sep 1, 2008 7:33pm Sep 1, 2008 7:33pm
Quoting microsuck_36
hi yngwie,
sorry but i still confused with ur case B chart..there is one candle that crossed ur 100% line but u dont trade buy, instead u trade buy on the next wave or swing.....care to xplain..thanks
The one candle that u mean is a highest swing candle. We need to wait until the price going back and touch 38.2% or 50% lines and bounce back to break 100% line.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #276
  • Sep 1, 2008 7:57pm Sep 1, 2008 7:57pm
Quoting Yngwie
The one candle that u mean is a highest swing candle. We need to wait until the price going back and touch 38.2% or 50% lines and bounce back to break 100% line.
ah..i see..thanks...anyway is it 6am -2pm or 6am - 3pm...
  • #277
  • Sep 2, 2008 5:25am Sep 2, 2008 5:25am
Jim Here, I have been following you all for about a week and I want to get in here with you all to see whats going on. One thing I have noticed that could help you get more pips without upsetting your MM. I am assuming you are trading more than 1 mini or 1 standard per pip, so might want to think about just closing all but 1 mini and move stop to B/E + 50% and if the pair trends on you will catch a lot more pips.

Jim
  • #278
  • Sep 2, 2008 6:57am Sep 2, 2008 6:57am
+ 50 pips!


Thanks, Maya!
  • #279
  • Sep 2, 2008 5:38pm Sep 2, 2008 5:38pm
No one is reporting their trade results. Did you give up? All I can say is it's been profitable for me. Maya? Micro? Anyone?
  • #280
  • Sep 3, 2008 5:16am Sep 3, 2008 5:16am
The box is 167 pips tall on Oanda. If anyone is trading this system, today, I would be very wary, as attempting to get an additional 50 pips profit on top of the large price movement seems very iffy to me.
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