Merry Christmas and Happy New Year to every one.
Bhupinder
Bhupinder
- #2,542
- Dec 26, 2008 3:10pm Dec 26, 2008 3:10pm
I hope everybody had a great Christmas 
We are still in "holiday mode", and most are probably out of business, but I thought I could post an update to keep the system up to date;
It's very simple:
Last Sunday we re-entered the previous short at the open, placing the SL & buy stop @ 1.4956, which were triggered in that same first bar (-9 pips);
At the close of the bar, we placed the reverse order @ 1.4808, where the SL for the buy was;
Those were later triggered (-48 pips), and we are short since that;
The current SL & buy stop are @ 1.4729, but at the close, the current bar will probably become a new setup bar.
We are still in "holiday mode", and most are probably out of business, but I thought I could post an update to keep the system up to date;
It's very simple:
Last Sunday we re-entered the previous short at the open, placing the SL & buy stop @ 1.4956, which were triggered in that same first bar (-9 pips);
At the close of the bar, we placed the reverse order @ 1.4808, where the SL for the buy was;
Those were later triggered (-48 pips), and we are short since that;
The current SL & buy stop are @ 1.4729, but at the close, the current bar will probably become a new setup bar.
- #2,544
- Dec 29, 2008 1:30pm Dec 29, 2008 1:30pm
I hope everybody had a great Christmas
We are still in "holiday mode", and most are probably out of business, but I thought I could post an update to keep the system up to date;
It's very simple:
Last Sunday we re-entered the previous short at the open, placing the SL & buy stop @ 1.4956, which were triggered in that same first bar (-9 pips);
At the close of the bar, we placed the reverse order @ 1.4808, where the SL for the buy was;
Those were later triggered (-48 pips), and we are short since that;
The current SL & buy stop are @...
-Sterling
Founder of Day Trading Forex Live
- #2,545
- Dec 29, 2008 5:01pm Dec 29, 2008 5:01pm
I'm also out on vacation until the 5th Jan
Update:
The short started @ 1.4808 was closed 5 min before Friday's close, around 1.4623 (note that in the last 5 min, it plunged 44 pips but I'm not counting it, since the rules are to close 5 min before close);
That short made +185 pips;
We re-openned the short at Sunday's openning, because nothing had changed, @ 1.4657, placing the SL & buy stop @ 1.4719 (because the previous bar was a setup bar). SL for the pending buy @ 1.4570;
Those were triggered in that same first bar, making -62 pips;
At the close of the bar, we placed the reverse order (sell stop) together with the SL, @ 1.4570, with a SL @ 1.4740;
Those were later triggered, making a loss of -149 pips;
Since that, we are still short, and the last closed bar is a new setup bar, so we have the SL & buy stop @ 1.4591. SL for the pending buy is 1.4376.
Well... Now I'm going to enjoy the last hour of my anniversary
Update:
The short started @ 1.4808 was closed 5 min before Friday's close, around 1.4623 (note that in the last 5 min, it plunged 44 pips but I'm not counting it, since the rules are to close 5 min before close);
That short made +185 pips;
We re-openned the short at Sunday's openning, because nothing had changed, @ 1.4657, placing the SL & buy stop @ 1.4719 (because the previous bar was a setup bar). SL for the pending buy @ 1.4570;
Those were triggered in that same first bar, making -62 pips;
At the close of the bar, we placed the reverse order (sell stop) together with the SL, @ 1.4570, with a SL @ 1.4740;
Those were later triggered, making a loss of -149 pips;
Since that, we are still short, and the last closed bar is a new setup bar, so we have the SL & buy stop @ 1.4591. SL for the pending buy is 1.4376.
Well... Now I'm going to enjoy the last hour of my anniversary
Hello everybody.
Back again after more then a month. Just catched up the thread and read like 80 pages. My head started to spin.
I noticed fewer posts after the big DD of -600.
Hope to get a PDA in the following days to start trading again the system and see the action 247.
BTW, Happy New Year
AlexL
Back again after more then a month. Just catched up the thread and read like 80 pages
. My head started to spin.I noticed fewer posts after the big DD of -600.
Hope to get a PDA in the following days to start trading again the system and see the action 247.
BTW, Happy New Year
AlexL
- #2,555
- Jan 7, 2009 6:54am Jan 7, 2009 6:54am
I only stumbled into this thread a few days before Christmas and decided it was worth a thorough reading: feeeeeeeew, just finished! 2551 posts and 171 pages!!! Unfortunately I've only had a few spare hours every day, and also English is not my mother language, that's why it took me so long, but... man, it was well worth my time!
Let me start by thanking you for sharing it, along with all the others taking commitment in answering all the questions. It seems like you're all old friends of mine considering the time I've spent so far reading the thread like a book. One thing I've noticed is that most part of the posts are helpful and constructive, even the questions, opposite to what I saw in other threads where 75% of the posts are about asking how to load this indicator or that template into MT. Might this be because there's no indicators nor templates to go with this system? Probably yes, but I think its rules carved in stone have restricted the questions to the minimum, and, what's more important, to what really matters: the way to trade it in real time.
I found the idea of not being stuck all the time in front of the PC and yet making money quite appealing, and I will be following the thread with great interest, while demo trading the system myself, hopefully for the shortest time as possible, i.e. as long as It'll take me to digest and absorb the rules and the possible situations that may arise while looking at the charts.
Long life to your thread and to our pockets
Let me start by thanking you for sharing it, along with all the others taking commitment in answering all the questions. It seems like you're all old friends of mine considering the time I've spent so far reading the thread like a book. One thing I've noticed is that most part of the posts are helpful and constructive, even the questions, opposite to what I saw in other threads where 75% of the posts are about asking how to load this indicator or that template into MT. Might this be because there's no indicators nor templates to go with this system? Probably yes, but I think its rules carved in stone have restricted the questions to the minimum, and, what's more important, to what really matters: the way to trade it in real time.
I found the idea of not being stuck all the time in front of the PC and yet making money quite appealing, and I will be following the thread with great interest, while demo trading the system myself, hopefully for the shortest time as possible, i.e. as long as It'll take me to digest and absorb the rules and the possible situations that may arise while looking at the charts.
Long life to your thread and to our pockets
- #2,556
- Jan 7, 2009 7:35am Jan 7, 2009 7:35am
- | Joined Sep 2006 | Status: howard | 1,693 Posts
Regards
