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Weekly Gbpjpy Breakout System

  • #521
  • Edited 8:22am Sep 14, 2008 8:10am | Edited 8:22am
Quoting tomomi72003
Buy stop = 190.34
SL = 187.47
TP = 193.21



Sell stop = 187.47
SL = 190.34
TP = 184.60
ur sell stop get triggered last week..just to ge pulled back,,,Did u put trail stop? how was it??

Sonic
  • #522
  • Sep 16, 2008 3:11pm Sep 16, 2008 3:11pm
Quoting sonicdeejay
ur sell stop get triggered last week..just to ge pulled back,,,Did u put trail stop? how was it??

Sonic

I do not trail stop , I just set my orders and do not move them until target is reach or stoploss.
Failure is a feedback. Learn from it.
  • #523
  • Sep 20, 2008 2:30am Sep 20, 2008 2:30am
High = 197.06
Low = 195.19



Buy stop = 197.16
SL = 195.18
TP = 199.14



Sell stop = 195.18
SL = 197.16
TP = 193.20
Failure is a feedback. Learn from it.
  • #524
  • Sep 28, 2008 11:04am Sep 28, 2008 11:04am
High = 195.85
Low = 193.48



Buy stop = 195.95
SL = 193.47
TP = 198.43



Sell stop = 193.47
SL = 195.95
TP = 190.99
Failure is a feedback. Learn from it.
  • #525
  • Sep 28, 2008 9:37pm Sep 28, 2008 9:37pm
Quoting tomomi72003
High = 195.85
Low = 193.48



Buy stop = 195.95
SL = 193.47
TP = 198.43



Sell stop = 193.47
SL = 195.95
TP = 190.99
  • #526
  • Sep 29, 2008 5:13am Sep 29, 2008 5:13am
Simple method. Easy time frame to set up trades, Friday evening or Sunday evening. Limited risk. Excellent results. Personally very grateful to the system inventor and those who maintain this thread, especially Tomomi.
  • #527
  • Oct 4, 2008 6:47am Oct 4, 2008 6:47am
High = 188.48
Low = 184.66



Buy stop = 188.58
SL = 184.65
TP = 192.51



Sell stop = 184.65
SL = 188.58
TP = 180.72
Failure is a feedback. Learn from it.
  • #528
  • Oct 4, 2008 9:35pm Oct 4, 2008 9:35pm
Quoting minortrader
Simple method. Easy time frame to set up trades, Friday evening or Sunday evening. Limited risk. Excellent results. Personally very grateful to the system inventor and those who maintain this thread, especially Tomomi.
the method has been working pretty well recently. I dont see any point in continuing the thread though, since every1 can calculate the positions for himself lol.
Market can stay irrational longer than you can stay solvent.
  • #529
  • Oct 5, 2008 4:53am Oct 5, 2008 4:53am
Quoting tomomi72003
High = 188.48
Low = 184.66



Buy stop = 188.58
SL = 184.65
TP = 192.51



Sell stop = 184.65
SL = 188.58
TP = 180.72

tommi mine is quiet different from your i use alpari

High = 188.50
Low = 186.07



Buy stop = 188.60
SL = 186.06
TP = 191.14



Sell stop = 186.06
SL = 188.60
TP = 183.52
  • #530
  • Oct 5, 2008 7:04am Oct 5, 2008 7:04am
i have just checked and use NF.

i got same result with tomomi72003


i think you should doulbe check
  • #531
  • Oct 5, 2008 11:37am Oct 5, 2008 11:37am
Quoting Gyoung
i have just checked and use NF.

i got same result with tomomi72003


i think you should doulbe check
i have double checked it, as i said earlier i use Alpari and those are my figures, my NF demo server seem to be inactive, anyone with similar problem?

Am not too confortable with NF figure, cos those figures are actually the high and low of friday, which means the high and low occured occured in the last 8hrs of the day in NF, well i will stick to my Alpari figures for this week

Thanks
  • #532
  • Oct 6, 2008 1:50pm Oct 6, 2008 1:50pm
Alpari is different because of time zone differences and NF trades for 1 hour longer on a friday than alpari before it closes for the weekend. This makes the last 2 4hr bars different. I wouldnt think this would affect the system that much, and in the long run both would look very similar results wise.
  • #533
  • Oct 6, 2008 2:51pm Oct 6, 2008 2:51pm
Quoting alexwaller
Alpari is different because of time zone differences and NF trades for 1 hour longer on a friday than alpari before it closes for the weekend. This makes the last 2 4hr bars different. I wouldnt think this would affect the system that much, and in the long run both would look very similar results wise.


If my 2 cents matter, a wide channel does makes a difference. People trade this different ways. I still uses the last nf. It has been profitable live. At one time it had a huge set back but i found out that if you stick to this system it can be profitable for you. Not all systems work but this has been for me. Some announcements and news of the world moves the market. Along with price action, support, resistance indicators ect. ect. ect.... People trade in various forms but what ever works.

This one did hit the pt this week. Happy pippin
  • #534
  • Edited 7:56am Oct 9, 2008 7:44am | Edited 7:56am
Quoting smurf
If my 2 cents matter, a wide channel does makes a difference. People trade this different ways. I still uses the last nf. It has been profitable live. At one time it had a huge set back but i found out that if you stick to this system it can be profitable for you. Not all systems work but this has been for me. Some announcements and news of the world moves the market. Along with price action, support, resistance indicators ect. ect. ect.... People trade in various forms but what ever works.

This one did hit the pt this week. Happy pippin
Yes mate I agree that channel width would make a difference but alpari trades 1 less hr, the difference would be hardly anything most of the time, In my opinion that isnt going to make a massive difference in the long run. I have also been trading this live for quite a while - am profitable and use alpari data.
  • #535
  • Oct 20, 2008 1:04pm Oct 20, 2008 1:04pm
Quoting FXBat
the method has been working pretty well recently. I dont see any point in continuing the thread though, since every1 can calculate the positions for himself lol.

This has been a good thread. Even though it has its drawdown periods. As i stated earlier in the thread it can be profitable if you are consistant with it. In the past 2 weeks it has gain over 400 pips. Even though the us news is sometimes worser than expected, this is still forex. Anything can happen. Thats what moves the market. I do trade off the numbers, pullbacks ect..., but i still like the breakout methods. The originator i still give thanks for introducing the system and, everyone else that helped. Sorry for the grammer errors.


Im not fussing or complaining, just trying to make the pips.
KEEP PIPPIN
  • #536
  • Oct 26, 2008 5:42pm Oct 26, 2008 5:42pm
this tread is dying.. why?? everybody start making money and don't have a time to post?

I will try keep this thread alive... I will post buy and sell orders from IBFX, i think is not a big difrence ...so

Buy order 151.15, SL 142.92, TP 159.38
Sell order 142.92 SL 151.15 TP 134.69

pretty wide range ove 800 pips.. will see what happend..

and don't forgot: MONEY MANAGEMENT make difrence between good and bad traders...
Veni, vidi, vici...
  • #537
  • Oct 27, 2008 1:51am Oct 27, 2008 1:51am
Quoting sikacek
this tread is dying.. why?? everybody start making money and don't have a time to post?

I will try keep this thread alive... I will post buy and sell orders from IBFX, i think is not a big difrence ...so

Buy order 151.15, SL 142.92, TP 159.38
Sell order 142.92 SL 151.15 TP 134.69

pretty wide range ove 800 pips.. will see what happend..

and don't forgot: MONEY MANAGEMENT make difrence between good and bad traders...
this method has been very profitable so far, except the awful July drawdown. In the last weeks, if you let 1 lot free until friday, you would have made XXX more pips.
The problem with this thread is that it will eventually die, since everyone following this method can calculate the ranges for himself. I dont see any point in posting here the numbers.
Market can stay irrational longer than you can stay solvent.
  • #538
  • Oct 27, 2008 9:09pm Oct 27, 2008 9:09pm
It has been piping pretty good lately but, it will have its drawdowns and you have to be patient for it to work. 800 is a large range but, it has been crazy these lasy few weeks because of the news and unexpected events.


Along with the daily system last week I gained over 500 pips. It still can work with money management.



Now lets ride it as if it were ike coming through. Ride it out.
  • #539
  • Nov 3, 2008 3:13pm Nov 3, 2008 3:13pm
Did anyone get at least 700 pips last week with a sell that lost. Then double the lot on the buy. Just curious.


The only pips I try on this system now is 250. It still works.
  • #540
  • Nov 4, 2008 7:03pm Nov 4, 2008 7:03pm
Quoting smurf
Did anyone get at least 700 pips last week with a sell that lost. Then double the lot on the buy. Just curious.


The only pips I try on this system now is 250. It still works.

first i lost (-823 pips), second one I closed on friday about 4 PM (+817) ..

this week double lost
Veni, vidi, vici...
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