the Set and Forget Pivot Net system

Anyone know what happened to blueace,
Did he get banned?

I cant imagine for what.

I've spoken with Blueace. He is currently on a "timeout" due to a signature infraction. He'll be back as soon as he is able.

Scott

Both EU and GU are eligible for trades tonight. Good luck, all!

Scott

1-1 today on the pound. +.8%.

Yes, indeed. A good day for the system, and a positive week overall. Hopefully we can build on it next week.

Scott

So risking 1% per trade this week. There were only 2 trades this week. Both on the GU for 1 win and 1 loss. Giving a total outcome of +.38% for the week. Slow and steady she goes.

as EU and GU have both exceeded their averages from last week there are no trades for 9/30.

My averages for last week were

EU 214.8
GU 235.2

Anyone still with us here?

Looks like we have another night of no trades.

Both EU and GU have exceeded last weeks averages again.

still here

Alive and well.

Scott

Last weeks daily averages (minus sunday)

EU 214.8
GU 235.2

how do my numbers compare with you guys?

We have a green light for 10/7 on EU!

Yes SetandForget you're right. EU had the green light for last night. As of right now we still haven't had an entry.

EU gave us a loss today.

-60.8 pips or -1%

We have a go on EU for tonight.

Thanks, Blueace, and welcome back!

Scott

Welcome back Blueace, and kudos to SetandForget for priming the thread

I thought SetandForget did a great job!

Glad to be back.

I thought I would post the results of this system since the inception of the thread. The past few weeks have been rough for most systems and this one is not excluded.

Of course once it was realized that EU and GU had a much better performance overall with the Pivot Net I dropped the JPY pairs from the official version and for simplicity sake. I personally still follow the JPY pairs with this system and trade them.

The thread began on 8-26 and as of today has produced 16 wins and 16 losses (that is including all 5 pairs from the original system EU, EU, GJ, EJ and UJ). With the average win being +1.4% and the average loss being -1%. That results in an overall positive outcome so far. +6.4% for the past 8 weeks (with one more day left to trade this week.)

A meager return as far as forex trading goes, but what is important is that it has survived the current madness.

While an average +.8% return per week might not seem like much it would result in a +41.6% for a year.

Also the current results are a low compared to what this system typically returns.

If you've been paying attention you'll also ask "What about only EU and GU for trading this system?" If only trading those two pairs then the total is 6 wins and 8 losses. At an average of +1.4% per win and -1% per loss. It would currently stand at only +.4%

Well it has certainly been bleak since I decided to share my system with you fine folks here on FF. I figured as much would happen. That seems to be the nature of trading forex. Once you learn something or figure it out it decides to take a break while everyone is watching.

Since this thread was started the system has produced
-78.3 pips and +2.68% return.

If you've read the thread you'll understand how it is possible to have negative pips but a positive return (and no we don't use interest gained here).

As of 9/30 the official version of this method was boiled down to 2 pairs EU and GU. I personally trade the PN (Pivot Net) on 5 pairs. EU, GU, GJ, EJ and UJ.

I have traded all five pairs since the beginning of the thread and it has produced 25 wins and 21 losses. The average win produces +1.38% and the average loss -1% That's a total of +13.5% over 11 weeks. An average of +1.23% a week.

While it is a small average return per week it is consistent and still blows your average savings account return out of the water.

Just thought I'd update the thread and wish you all many pips!