Simplicity is the Key | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

Why are we afraid of simplicity? 96 replies

Simplicity is the key to brilliance 36 replies

Signals for Simplicity 1,144 replies

The Journal of Simplicity Trade 12 replies

Attachments: Simplicity is the Key
Exit Attachments

Simplicity is the Key

  • #841
  • Mar 5, 2007 5:33am Mar 5, 2007 5:33am
open Trades (3-05)
Pair-------open-----time Open----currently
none
---------------------------------------------
Closed Trades
5) S-usdjpy--115.31---- 3-05 05:57 Loss -20
---------------------------------------------
1) B-usdchf--1.2131----3-05 05:54 Gain +7
2) S-gbpusd--1.9214----3-05 05:56 Gain +2
3) S-eurusd--1.3122----3-05 05:56 Gain +15
---------------------------------------------
4) S-eurjpy--151.30----3-05 05:57 -- Loss -8

----------------------------------------------
NET TOTAL FOR THIS WEEK --- +135
-----------------------------------------------
NET TOTAL FOR LAST WEEK----+976
-----------------------------------------------
  • #842
  • Mar 5, 2007 5:34am Mar 5, 2007 5:34am
Quoting kenmania
I'm with you on the eurjpy trade.
This is not a good trade KEn.. Sorry
  • #843
  • Mar 5, 2007 5:38am Mar 5, 2007 5:38am
This is long term Trade
open Trades (3-05)
Pair-------open-----time Open----currently
6) B-usdchf--1.2131----3-05 06:38
7) S-eurusd--1.3122----3-05 06:38
---------------------------------------------
  • #844
  • Mar 5, 2007 5:40am Mar 5, 2007 5:40am
Quoting trader101
This is not a good trade KEn.. Sorry
I'm a few pips up on it. Can't be that bad eh?
Is your SL my TP?
  • #845
  • Mar 5, 2007 5:40am Mar 5, 2007 5:40am
Quoting trader101
This is long term Trade
open Trades (3-05)
Pair-------open-----time Open----currently
6) B-usdchf--1.2131----3-05 06:38
7) S-eurusd--1.3122----3-05 06:38
---------------------------------------------
Ill keep this trade till perhaps 9:30 or if its SL is hit SL set to 25
  • #846
  • Mar 5, 2007 5:41am Mar 5, 2007 5:41am
Quoting kenmania
I'm a few pips up on it. Can't be that bad eh?
Keep it up Ken, I think i made a bad jump on mine..
  • #847
  • Mar 5, 2007 5:45am Mar 5, 2007 5:45am
This is long term Trade too
open Trades (3-05)
Pair-------open-----time Open----currently
8) S-eurjpy--115.22----3-05 06:43
  • #848
  • Mar 5, 2007 5:47am Mar 5, 2007 5:47am
Summary of Open Trades (3-05)
Pair-------open-----time Open----currently
6) B-usdchf--1.2207----3-05 06:38 --- +5
7) S-eurusd--1.3099----3-05 06:38 --- +5
8) S-eurjpy--115.22----3-05 06:43 ---- -5
I made a mistake on the price.. sorry
  • #849
  • Mar 5, 2007 5:52am Mar 5, 2007 5:52am
Quoting trader101
Keep it up Ken, I think i made a bad jump on mine..
I'll hold on and see what happens.

Hey and if I jump in on one of your trades with you and it happens to go at a loss, don't apologize. I wouldn't jump if I didn't have confidence between your call and what I see.
Is your SL my TP?
  • #850
  • Mar 5, 2007 7:00am Mar 5, 2007 7:00am
Quoting kenmania
I'll hold on and see what happens.

Hey and if I jump in on one of your trades with you and it happens to go at a loss, don't apologize. I wouldn't jump if I didn't have confidence between your call and what I see.
Thanks, KEN .. I needed that
  • #851
  • Mar 5, 2007 7:03am Mar 5, 2007 7:03am
Summary of Trades (3-05)
Pair-------open-----time Open----currently
6) B-usdchf--1.2207----3-05 06:38 --- +1
7) S-eurusd--1.3099----3-05 06:38 --- +5
closed Trades
8) S-eurjpy--115.22----3-05 06:43 ---- Stop Loss -25
----------------------------------------------
NET TOTAL FOR THIS WEEK --- +110
-----------------------------------------------
NET TOTAL FOR LAST WEEK----+976
-----------------------------------------------
  • #852
  • Mar 5, 2007 7:45am Mar 5, 2007 7:45am
Summary of Trades (3-05)
None
closed Trades
8) S-eurjpy--115.22----3-05 06:43 ---- Stop Loss -25
----------------------------------------------------
6) B-usdchf--1.2207----3-05 06:38 ---Closed Gain +25
7) S-eurusd--1.3099----3-05 06:38 ---Closed Gain +15
----------------------------------------------
NET TOTAL FOR THIS WEEK --- +125
----------------------------------------------
NET TOTAL FOR LAST WEEK----+976
----------------------------------------------
  • #853
  • Mar 5, 2007 8:01am Mar 5, 2007 8:01am
We will be having a time gap for now while we are waiting for the US ISM report by 10:00, we will not be trading even with good signals until the news report is broadcast.
T101
  • #854
  • Mar 5, 2007 8:43am Mar 5, 2007 8:43am
Quoting trader101
We will be having a time gap for now while we are waiting for the US ISM report by 10:00, we will not be trading even with good signals until the news report is broadcast.
T101
Even if you don't want them to be part of the official record, you should still track the results of trades the system would have generated durring these periods. The results may surpirse you.

Also, you should be tracking what caused you to step away from the market so that you can apply that discretion consistently. Make up rules like, don't trade for 1 hr ahead of news (or X news reports) or don't take trades when price has been in an X pip range for more then X minutes. Once you have those rules, track the results "if you had traded" seperately to determine if that rule is actually useful or not.

It's very easy to apply one set of filters when your demoing or trading very small and then apply a totally different set to large real trades. This can screw you up because even though it looks the same, your no longer trading the same system.

Keep up the good work.
  • #855
  • Mar 5, 2007 8:46am Mar 5, 2007 8:46am
Quoting Darkstar
Even if you don't want them to be part of the official record, you should still track the results of trades the system would have generated durring these periods. The results may surpirse you.

Also, you should be tracking what caused you to step away from the market so that you can apply that discretion consistently. Make up rules like, don't trade for 1 hr ahead of news (or X news reports) or don't take trades when price has been in an X pip range for more then X minutes. Once you have those rules, track the results "if you had traded" seperately to determine if that rule is actually useful or not.

It's very easy to apply one set of filters when your demoing or trading very small and then apply a totally different set to large real trades. This can screw you up because even though it looks the same, your no longer trading the same system.

Keep up the good work.

Thank you for that. sincerely!
"Quality means doing it right when no one is looking"
  • #856
  • Mar 5, 2007 10:38am Mar 5, 2007 10:38am
Quoting Darkstar
Even if you don't want them to be part of the official record, you should still track the results of trades the system would have generated durring these periods. The results may surpirse you.

Also, you should be tracking what caused you to step away from the market so that you can apply that discretion consistently. Make up rules like, don't trade for 1 hr ahead of news (or X news reports) or don't take trades when price has been in an X pip range for more then X minutes. Once you have those rules, track the results "if you had traded" seperately to determine if that rule is actually useful or not.

It's very easy to apply one set of filters when your demoing or trading very small and then apply a totally different set to large real trades. This can screw you up because even though it looks the same, your no longer trading the same system.

Keep up the good work.
That is a very very intelligent suggestion, i will definitely include it in my next trades. Just trade it and ignore the report just follow the signals as it give you.
thanks again, bro..
  • #857
  • Mar 5, 2007 3:27pm Mar 5, 2007 3:27pm
congratulations on your system!!! very impressive results!!!!
  • #858
  • Mar 5, 2007 8:24pm Mar 5, 2007 8:24pm
Quoting Michaelw
congratulations on your system!!! very impressive results!!!!
Thank you sir...
  • #859
  • Mar 5, 2007 10:05pm Mar 5, 2007 10:05pm
open Trades (3-05)
Pair-------open-----time Open----currently
8) B-gbpjpy--224.52----3-05 22:57
9) B-cadjpy--98.76-----3-05 22:58
10)B-nzdjpy--79.20-----3-05 22:58
11)B-usdjpy--116.48-----3-05 22:59
12)B-eurjpy--152.72-----3-05 22:59
  • #860
  • Mar 5, 2007 10:24pm Mar 5, 2007 10:24pm
open Trades (3-05)
Pair-------open-----time Open----currently
10)B-nzdjpy--79.20-----3-05 22:58
11)B-usdjpy--116.48-----3-05 22:59
12)B-eurjpy--152.72-----3-05 22:59
closed trades
8) B-gbpjpy--224.52----3-05 22:57 Closed Gain +29
9) B-cadjpy--98.76-----3-05 22:58 Closed Gain +8
--------------------------------------------------
0 traders viewing now