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Simplicity is the Key

  • #701
  • Feb 22, 2007 10:17pm Feb 22, 2007 10:17pm
Quoting daman
Thank god!... I thought you quit already. Just to let you know I am quite impressed with your system, eventhough I have my own system that I am still trying to follow, I always look at your journal after I made a trade just incase you trade in my direction as well.
Keep it up - Peace bro! (btw im still in 30s as well so no sir please LOL)
Thanks, bro..
You have to watch this new addendum that i attached to the program , i am so excited to use this one in conjunction with my original entry..I am looking at the charts right now, unfortunately no identifiable trend at the moment. i will hang on for a while and will test this new program. This program, now overall have been revitalize and will put us in trade rapidly, I am calling this the "Rapid Entry to the Trend" utilizing all charts 5min, 10min, 15min and the 30mins, similar to baseball 1st, 2nd, 3rd and Home bases. If the trend continues up to to the 30 mins chart then i will call it a homerun.
regards...
  • #702
  • Feb 22, 2007 10:26pm Feb 22, 2007 10:26pm
Trade #26
Buy EUR/USD @ 1.3125
SL @ 1.3100
TP--TBA(or ur discretion)
  • #703
  • Feb 22, 2007 10:36pm Feb 22, 2007 10:36pm
Welcome back! Sometimes it's good to regroup and get your confidence back! Looking forward to your new addendum working out for you.
  • #704
  • Feb 22, 2007 10:56pm Feb 22, 2007 10:56pm
Quoting pipruler
Welcome back! Sometimes it's good to regroup and get your confidence back! Looking forward to your new addendum working out for you.
Yes.. Sir..
I am trying it right now, it is really so rapid in its entry, and hoping it will give us good performance just for a couple of trade. Its entry procedure overule the entry procedure of the Main program. once enter the original program takes over. then after a certain profit the addendum will look for appropriate exit after maximum pip gain. Then the addendum locate again for reversal re-entry.
Regards
  • #705
  • Feb 22, 2007 11:33pm Feb 22, 2007 11:33pm
Get set up, I will be Shorting the JPY and CHF in a few..
  • #706
  • Feb 22, 2007 11:55pm Feb 22, 2007 11:55pm
Trade #27
Sell USD/CHF @ 1.2389
SL 25+spread
TP--TBA(or ur discretion)
  • #707
  • Feb 23, 2007 12:10am Feb 23, 2007 12:10am
Trade #28
Sell USD/JPY @ 121.45
SL 25+spread
TP--TBA(or ur discretion)
  • #708
  • Feb 23, 2007 12:43am Feb 23, 2007 12:43am
Reverse All Trades
  • #709
  • Feb 23, 2007 12:56am Feb 23, 2007 12:56am
Trade #29
Sell GBP/USD @ 1.9549
SL 25+spread
TP--TBA(or ur discretion)
  • #710
  • Feb 23, 2007 7:46am Feb 23, 2007 7:46am
Ok folks,
a lot of losses for this week, In short, this week I sucks.
anyway this is our 4 th week of testing it and it was able to generate a tons of data. Next week, I will be on-off, on-off. I allocated next week for the analysis of 4 weeks of trading and to make some adjustment based on the previous data. Then, when the new adjustment, I will resume full trading with the adjusted program on March 5, 2007.
Thanks for helping me monitor this testing process and may you have some winning trades, too..If you have some questions, please fell free to PM me and i will try my best to answer the.
  • #711
  • Feb 23, 2007 8:23am Feb 23, 2007 8:23am
Things will get better for sure. The extensive backtest you made is your friend. Take care!
  • #712
  • Feb 23, 2007 8:30am Feb 23, 2007 8:30am
No, there is no 'sucks' trader. There's a persistent traders and there's a quitter. I would say you're one of the first group. So cheer up . Oh, and when doing some adjustment, make sure that it has enough space to deal with unknown condition in the future.
  • #713
  • Feb 25, 2007 7:05pm Feb 25, 2007 7:05pm
Quoting dutdot
No, there is no 'sucks' trader. There's a persistent traders and there's a quitter. I would say you're one of the first group. So cheer up . Oh, and when doing some adjustment, make sure that it has enough space to deal with unknown condition in the future.
thanks for the nice words...sir.. i am really hoping that we could persist in this task.. i always have this thinking that this FX was only created by man, so it follows it is not perfect.. sooner or later we will discover the solutions to this (holy grail). Yes.. sir.. i will remember the unknown conditions which always kills us unknowingly..I am almost finish with the adjustment that i mentioned. It makes the program, more selective in choosing the trade and it will follow the pair from Sunday to Friday. Also i dont fell bad now about that last week, it was really a bad week not just for myself but for almost the rest of the traders..It was similar to those weeks of April 9, April 30, Nov. 12, Dec. 3 all of 2006 those 4 weeks of 2006 where the market was bullying everyone.
Regards
  • #714
  • Feb 25, 2007 7:16pm Feb 25, 2007 7:16pm
Quoting Miguel
Things will get better for sure. The extensive backtest you made is your friend. Take care!
thanks, miguel.. you an inspiration and hope....
regards
  • #715
  • Feb 25, 2007 7:22pm Feb 25, 2007 7:22pm
If anybody still remember one of my post about the USD/CHF??? I mentioned that this pair is going for a SHORT trend for a very long time no less than two months and right now it is already starting. My only problem about this one is the SL allowance it should be around 70 - 80 pips but definitely it will give you a decent profit of perhaps 1500 pips in 2 months.. POST # 527
  • #716
  • Feb 25, 2007 9:27pm Feb 25, 2007 9:27pm
Quoting trader101
If anybody still remember one of my post about the USD/CHF??? I mentioned that this pair is going for a SHORT trend for a very long time no less than two months and right now it is already starting. My only problem about this one is the SL allowance it should be around 70 - 80 pips but definitely it will give you a decent profit of perhaps 1500 pips in 2 months.. POST # 527
Sorry, my bad, it is capable of delivering 400-500 pips not 1500
  • #717
  • Feb 26, 2007 4:57pm Feb 26, 2007 4:57pm
MY Trades for Today(2-26-07)

OPEN TRADES
PAIR -------OPEN-----TIME OPEN
B-EURUSD--1.3179---2-26 14:43
S-USDCHF--1.2304--- 2-26 14:43
B-GBPUSD--1.9631--- 2-26 14:45
B-AUDUSD--0.7934--- 2-26 14:46
B-EURJPY---158.99----2-26 14:54
B-USDJPY-- 120.68 ---2-26 16:59
CLOSED TRADES:
NONE
  • #718
  • Feb 27, 2007 7:50am Feb 27, 2007 7:50am
UPDATE OF MY Trades for THIS weeK

OPEN TRADES

PAIR -------OPEN-----TIME OPEN-------CURRENTLY
B-EURUSD--1.3179---2-26 14:43-------- +62
S-USDCHF--1.2304--- 2-26 14:43------- +93
B-GBPUSD--1.9631--- 2-26 14:45 ------- +25

CLOSED TRADES:
B-AUDUSD--0.7934--- 2-26 14:46-- Closed --.7917 -- -17
B-EURJPY---158.99---2-26 14:54-- Closed-- 159.00-- +1
B-USDJPY-- 120.68 ---2-26 16:59--Closed-- 120.47-- -21

ADDITIONAL TRADES:
PAIR -------OPEN-----TIME OPEN-------CURRENTLY
S-USDJPY--120.47---2-26 19:38 ------- +166
S-EURJPY--159.00--- 2-26 19:38 ------- +174
S-AUDUSD--.7917--- 2-27 07:54 ------- -13
  • #719
  • Feb 27, 2007 7:58am Feb 27, 2007 7:58am
Remember the USD/CHF that i keep mentioning here....???
I made that trade since Friday and just keep it there for a while, It is now over 100 pips as of today. It is going to deliver a lot more pips for a long time..
  • #720
  • Feb 27, 2007 8:05am Feb 27, 2007 8:05am
It's probably a good time for the "don't be greedy" advice. Make sure you close your positions exactly when your system says you should. Don't second guess it just because it looks favorable for continuation.
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