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Ground - Floor Trades

  • #21
  • Mar 21, 2007 9:11am Mar 21, 2007 9:11am
Hi

Thanks for your posts.

Seems Elliot Wave (EW) is important to your system. What Time Frame is the EW analysis conducted.

Yellow

PS. Do you Know which door has the express lift to the top. (ha)
  • #22
  • Mar 21, 2007 9:38am Mar 21, 2007 9:38am
This looks very interesting. I love the ranges (ground/floor) and your MM technique looks very interesting as well. I will follow with great interest.

How did your backtest results do and what pairs do you trade?

Best of luck.

Cheers,
Northpro
  • #23
  • Mar 21, 2007 11:05am Mar 21, 2007 11:05am
Hi, and thanks for your reply - if GBP/JPY hits 234.74 you will be selling a total of 15 lots. Cheers - and good luck.

BTD
I've got my pips - go get yours!
  • #24
  • Mar 21, 2007 6:19pm Mar 21, 2007 6:19pm
Quoting Yellow2
Hi

Thanks for your posts.

Seems Elliot Wave (EW) is important to your system. What Time Frame is the EW analysis conducted.

Yellow

PS. Do you Know which door has the express lift to the top. (ha)
Hi Yellow2

Yes you are correct EW is important to my system since it kept me out from a lot of loosing trades. Before I use EW analysis my trades was 60% correct (put with 1:3 RRR it was good too) but after the Ew the % for the wining to loosing trades went up to around 80%. Wait and you will see by yourself

For EW analysis TF the techniques used in analysis is starting by analyzing the long term and keep on analyzing the incomplete wave till it reach to 1 hr TF for the short term analysis.

Good Luck for You All
  • #25
  • Mar 21, 2007 6:30pm Mar 21, 2007 6:30pm
Quoting Northpro
This looks very interesting. I love the ranges (ground/floor) and your MM technique looks very interesting as well. I will follow with great interest.

How did your backtest results do and what pairs do you trade?

Best of luck.

Cheers,
Northpro
Hellow Northpro

Thank you for your interest in this topic. Don't like to talk about back tests coz it does not prove any thing. But I made 45% on my account in the period from January till February 2007. March was not that good as I left my discipline in my MM technique the account went down again to the main investment value. And it was a hard way making me stick to the plan since this is the rules for the game

I am usually trading spot main 4 pairs E/U,G/U, U/F, and U/J beside G/J and E/J.

Good Luck for You All

  • #26
  • Mar 21, 2007 6:37pm Mar 21, 2007 6:37pm
Quoting BackTestDummy
Hi, and thanks for your reply - if GBP/JPY hits 234.74 you will be selling a total of 15 lots. Cheers - and good luck.

BTD
Hellow BTD

Yes you are right will be selling 15 lots @ 234.74 with an average price @ 234.34 (if the 15 lots were in the market).

Good Luck for You All
  • #27
  • Mar 21, 2007 7:39pm Mar 21, 2007 7:39pm
Good Work Man.
  • #28
  • Mar 21, 2007 7:59pm Mar 21, 2007 7:59pm
I think you got a great entry level, i would like to observe and learn how you exit.

Be it profit or loss, the most difficult decision will be which level to exit.

This is 1 more journal worth visiting in this web. And we are getting closer to your entry now.

Isn't it exciting. Hoho, can't wait to see how it pans out.
Still waters run deep
  • #29
  • Mar 21, 2007 8:19pm Mar 21, 2007 8:19pm
This seems interesting.... I'm eager to see this.
  • #30
  • Mar 22, 2007 10:20pm Mar 22, 2007 10:20pm
Thanks gody6000, barak, and luqmanz for your sweet words.

Hope you all could find informations under this topic intresting.

By The way I am 120 usd up on EURUSD
  • #31
  • Mar 22, 2007 11:44pm Mar 22, 2007 11:44pm
Quoting 4XTrigger
Thanks gody6000, barak, and luqmanz for your sweet words.

Hope you all could find informations under this topic intresting.

By The way I am 120 usd up on EURUSD
Sorry i have not been able to contribute much because i'm still observing and learning. In fact, this system of yours is what i just observed on my own before you start posting your it. That was why i sent in my first comment regarding it.

It's quite interesting but my problem is that i don't know much of EWaves or don't know it at all. I will love it if you can be of assistance in that regard.

The system is very good as it involve half naked trading because of stochastics you use. As for me, i am looking forward to trading without any indicator.

The price will always respect support and resistance level at anytime, once we able to understand those points we are made in forex.

Thanks a lot
  • #32
  • Mar 23, 2007 11:09am Mar 23, 2007 11:09am
Quoting maarf01
Sorry i have not been able to contribute much because i'm still observing and learning. In fact, this system of yours is what i just observed on my own before you start posting your it. That was why i sent in my first comment regarding it.

It's quite interesting but my problem is that i don't know much of EWaves or don't know it at all. I will love it if you can be of assistance in that regard.

The system is very good as it involve half naked trading because of stochastics you use. As for me, i am looking forward to trading without any indicator.

The price will always respect support and resistance level at anytime, once we able to understand those points we are made in forex.

Thanks a lot
Hi

When I think of building a trading strategy I follow these steps:-

1- Be professional spotting important levels.
2- Be professional spotting market direction.
3- Be professional in planning your MM technique.
4- Use some tools proving the trade decision (i.e. Technical Indicators).
5- Trade without any emotions. Never analyze pare that you already trading it


Regarding EW I am like you trying to learn it. I am attching a very nice articale titled. How the Wave Principle Can Improve Your Tradeing (really intresting reading for me hope you will like it).

Good Luck for You All
Attached File(s)
File Type: zip ewpclubtcc2.zip   154 KB | 578 downloads
  • #33
  • Mar 24, 2007 8:52am Mar 24, 2007 8:52am
Hi Guys

USDJPY has a strong level at 118.83.

Sell Limit USDJPY

Entries


1 Lot 118.33
2 Lots 118.88
4 Lots 119.43
8 Lots 119.98


S/L 120.33

T/P 116.00


Risk 5%


Potential Reward 21%




Good Luck for You All
  • #34
  • Edited 8:06pm Mar 25, 2007 7:11pm | Edited 8:06pm
Quoting 4XTrigger
Hi Guys

EURUSD has a strong level at 1.3370.

Sell Limit EURUSD

Entries


1 Lot 1.3320
2 Lots 1.3380
4 Lots 1.3440
8 Lots 1.3500


S/L 1.3520

T/P 1.3260


Risk 5%


Potential Reward 15%



Good Luck for You All
It is nice news to start the week with.

Target met on above trade but unfortunately only to levels were triggered 1.3320 and 1.3380

Anyways I am up 1.40%. see the attached chart growth for a demo account

Good Luck for You All
Attached Image
  • #35
  • Mar 26, 2007 2:48am Mar 26, 2007 2:48am
Hi All

Hi Guys

GBPUSD has a strong level at 1.9480.

Buy Limit GBPUSD

Entries


1 Lot 1.9530
2 Lots 1.9470
4 Lots 1.9410
8 Lots 1.9350


S/L 1.9330

T/P 1.9650


Risk 5%



Potential Reward 19%

  • #36
  • Mar 28, 2007 10:28am Mar 28, 2007 10:28am
Quoting 4XTrigger
Hi Guys

USDJPY has a strong level at 118.83.

Sell Limit USDJPY

Entries


1 Lot 118.33
2 Lots 118.88
4 Lots 119.43
8 Lots 119.98


S/L 120.33

T/P 116.00


Risk 5%


Potential Reward 21%




Good Luck for You All
Hi All

This is the only floating position and I am up 180 Pip

Good Luck for You All
  • #37
  • Mar 28, 2007 6:00pm Mar 28, 2007 6:00pm
Claps, looks like martingale system, now that someone mentioned it.
Still waters run deep
  • #38
  • Mar 28, 2007 8:30pm Mar 28, 2007 8:30pm
Quoting 4XTrigger
Hi Guys

USDJPY has a strong level at 118.83.

Sell Limit USDJPY

Entries


1 Lot 118.33
2 Lots 118.88
4 Lots 119.43
8 Lots 119.98


S/L 120.33

T/P 116.00


Risk 5%


Potential Reward 21%




Good Luck for You All
Happy new trading day for you all

Closed the only triggered lot from 118.33 at 116.87 with 146 pips.

Will re-enter the same trade as the price has a good prop. to retrace again.

For now the account is up 2.20% look at attached capital growth chart.
Attached Image
  • #39
  • Mar 28, 2007 8:33pm Mar 28, 2007 8:33pm

Hi Guys

USDJPY has a strong level at 118.83.

Sell Limit USDJPY

Entries


1 Lot 118.33
2 Lots 118.88
4 Lots 119.43
8 Lots 119.98


S/L 120.33

T/P 116.00


Risk 5%


Potential Reward 21%



Good Luck for You All

  • #40
  • Mar 28, 2007 8:37pm Mar 28, 2007 8:37pm
Quoting barak
Claps, looks like martingale system, now that someone mentioned it.

Thanks mate

Claps for you too

Good Luck for You All
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