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Simplicity is the Key

  • #1,521
  • Apr 11, 2007 4:58pm Apr 11, 2007 4:58pm
aud at 98.53 and nzd at 87.04
  • #1,522
  • Apr 11, 2007 5:06pm Apr 11, 2007 5:06pm
I'm in aud/jpy 98.53 and nzd/jpy 87.00
  • #1,523
  • Apr 11, 2007 5:07pm Apr 11, 2007 5:07pm
Quoting trader101
my New Trades 4-11-07
17. Buy Audjpy @98.56
18. Buy Nzdjpy @87.04
Sl 35+spread
Tp --TBA
GOOD LUCK TO US ALL. PLS REMEMBER YOU ARE TRADING AT YOUR OWN RISK
Notes: These 2 trades will be a short duration trade, win or loss we have to exit by around 8:30 pm.
  • #1,524
  • Apr 11, 2007 5:26pm Apr 11, 2007 5:26pm
Quoting trader101
Notes: These 2 trades will be a short duration trade, win or loss we have to exit by around 8:30 pm.


Sorry Trader101 but 8:30 pm in what time please, thanks
  • #1,525
  • Apr 11, 2007 5:32pm Apr 11, 2007 5:32pm
Quoting anahada
Sorry Trader101 but 8:30 pm in what time please, thanks
in 2 hours from now.
  • #1,526
  • Apr 11, 2007 5:39pm Apr 11, 2007 5:39pm
You are doing really well trader101. I seem to always confirm my trades with yours. what system do you use?
  • #1,527
  • Apr 11, 2007 5:54pm Apr 11, 2007 5:54pm
Quoting trader101
in 2 hours from now.
thanks, keep going!!!!!
  • #1,528
  • Apr 11, 2007 5:55pm Apr 11, 2007 5:55pm
Quoting jonesla9
You are doing really well trader101. I seem to always confirm my trades with yours. what system do you use?
Thank you Sir.. i think i am just getting lucky sometimes. It has no name yet, I am thinking of naming it the "THE THEORY OF SIMPLICITY" or "SIMPLICITY THEORY" which of these two sound better?? The whole system is a combination of systems i develop for scalping, swing and signalling. It is based on the quadrantal position of the market price at the analysis then i created a theoritical path that differs from pair to pairs and time of trading. It is not correct all the time because everything is theoritical, sometimes i made 3 trials before hitting the correct theritical path, that is why i use a tracer (demo) account in the beginning that will guide my real account to the correct path of the price action. It becomes complicated now...
  • #1,529
  • Apr 11, 2007 6:22pm Apr 11, 2007 6:22pm
"SIMPLICITY is the THEORY" is better....
tell me dear why not to long GBPjPY and EurJpy at this time? just for clearance... thanks
  • #1,530
  • Apr 11, 2007 6:33pm Apr 11, 2007 6:33pm
Too far away from my indicator meaning the risk-reward ratio will be extremmely high, but dont get me wrong it could deliver some profits, just not to my liking. Just like the trade we are in now (aud/jpy and nzd/jpy), i think i screwed this one up. I was thinking to make a quick 20 or 30 pips on the aud and will pull the nzd with it but turns out to be struggle.

Quoting anahada
"SIMPLICITY is the THEORY" is better....
tell me dear why not to long GBPjPY and EurJpy at this time? just for clearance... thanks
  • #1,531
  • Apr 11, 2007 6:37pm Apr 11, 2007 6:37pm
Quoting trader101
Too far away from my indicator meaning the risk-reward ratio will be extremmely high, but dont get me wrong it could deliver some profits, just not to my liking. Just like the trade we are in now (aud/jpy and nzd/jpy), i think i screwed this one up. I was thinking to make a quick 20 or 30 pips on the aud and will pull the nzd with it but turns out to be struggle.

that's very clear, thanks
  • #1,532
  • Apr 11, 2007 6:46pm Apr 11, 2007 6:46pm
Quoting trader101
Thank you Sir.. i think i am just getting lucky sometimes. It has no name yet, I am thinking of naming it the "THE THEORY OF SIMPLICITY" or "SIMPLICITY THEORY" which of these two sound better?? The whole system is a combination of systems i develop for scalping, swing and signalling. It is based on the quadrantal position of the market price at the analysis then i created a theoritical path that differs from pair to pairs and time of trading. It is not correct all the time because everything is theoritical, sometimes i made 3 trials before hitting the correct theritical path, that is why i use a tracer (demo) account in the beginning that will guide my real account to the correct path of the price action. It becomes complicated now...

I like SIMPLICITY THEORY, quick and appealing
  • #1,533
  • Apr 11, 2007 6:47pm Apr 11, 2007 6:47pm
Quoting trader101
Thank you Sir.. i think i am just getting lucky sometimes. It has no name yet, I am thinking of naming it the "THE THEORY OF SIMPLICITY" or "SIMPLICITY THEORY" which of these two sound better?? The whole system is a combination of systems i develop for scalping, swing and signalling. It is based on the quadrantal position of the market price at the analysis then i created a theoritical path that differs from pair to pairs and time of trading. It is not correct all the time because everything is theoritical, sometimes i made 3 trials before hitting the correct theritical path, that is why i use a tracer (demo) account in the beginning that will guide my real account to the correct path of the price action. It becomes complicated now...
I though you were trading your dads system you found in the attic?
  • #1,534
  • Apr 11, 2007 6:47pm Apr 11, 2007 6:47pm
closed
17. Buy Audjpy @98.56
18. Buy Nzdjpy @87.04
Sl 35+spread
Tp --TBA
  • #1,535
  • Apr 11, 2007 6:49pm Apr 11, 2007 6:49pm
Quoting trader101
closed
17. Buy Audjpy @98.56
18. Buy Nzdjpy @87.04
Sl 35+spread
Tp --TBA
OK we get hit in this one -18 & -22 total of -40.
Lesson learn never jump on the assumption of quick profit.
Sideline for now.
  • #1,536
  • Apr 11, 2007 6:54pm Apr 11, 2007 6:54pm
Quoting Darkstar
I though you were trading your dads system you found in the attic?
The swing part was my dads, it was winning but very slow, so i added the addendum for quick entry, it improves the system dramatically. Lately another addendum which was originally good for scalping for quick duration trade. Then it evolves into this final system now.
  • #1,537
  • Apr 11, 2007 6:58pm Apr 11, 2007 6:58pm
I almost closed it when it was back to break even about 20 minutes ago. Atleast I am still ahead for the week. Keep it going. I also should have the demo room ready later tonight as I think that would be a benefit.
  • #1,538
  • Apr 11, 2007 7:01pm Apr 11, 2007 7:01pm
PIP TALLY FOR THE WEEK

Tuesday ----103 pips
Today ------166 pips
----------------------------------
  • #1,539
  • Apr 11, 2007 7:09pm Apr 11, 2007 7:09pm
i decided to not close-if my stop gets hit-so be it-i enter every trade preparing for the worst case loss-controlled by the stop-if it does not get hit i will try to squeeze out a profit-will follow
  • #1,540
  • Apr 11, 2007 7:16pm Apr 11, 2007 7:16pm
Quoting cobra1
i decided to not close-if my stop gets hit-so be it-i enter every trade preparing for the worst case loss-controlled by the stop-if it does not get hit i will try to squeeze out a profit-will follow
Ok I admire you.. bro.. since you are still in...and your SL was not hit you are still in the game. I think you should knwo the following:
a)9:30 the is AUD employment change it is unpredictable but my estimate it will favor your trade (long)..
b)before 9:30 feel the market, again it will pull to your favor(LONG), thats my estimate. You may pull out before the news with a 20 - 25 pips profit. Or you take your chances and hit the waves of the news, if it favors you(long) you will get 70 perhaps more pips in like 5 minutes if it go against you...just put a stop loss of 15 or BE if you really want to go on this...OK
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