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1 trade a day

  • #501
  • May 24, 2009 3:05am May 24, 2009 3:05am
Hi all

Sorry for this I didnt mean to mislead any one its some thing I dont do

I have 2-3 systems running right now,I missed the 1st entry due to doing to many things at once so took the 2nd break.

This was not a system trade and should of been recored as a system loss rather than a win for me.

I do apologize and please dont see it as a way of me fudging the results.
If you look at all my threads and posts I try to be as honest as possible

Thanks for highlighting it and being curtious in the way you dealt with it

Paulus

ps..in the manual he draws a line half way between the high and low and uses that level as his aggressive stop and would give you slighly more than 1:1 RR
Attached Image (click to enlarge)
Click to Enlarge Name: agessive stop.gif Size: 29 KB
  • #502
  • May 24, 2009 3:45am May 24, 2009 3:45am
Quoting LeafTrader
Steve - does this imply that this site is wrong by saying 07:00GMT = London Open ??

http://forex.timezoneconverter.com/i...?timezone=GMT;

Cheers
London session start at 7 GMT then you put 6 GMT (means 6h 59 m in an 1 hour chart) for the end of asian session
  • #503
  • May 24, 2009 4:03am May 24, 2009 4:03am
Steve, if you consider London Start at 6 GMT as Peter Crown says, then you end Asian Session at 5 h 59 m GMT and you put 5 GMT in an hourly chart
  • #504
  • Edited 7:49am May 24, 2009 7:34am | Edited 7:49am
Quoting Paulus
Paulus

ps..in the manual he draws a line half way between the high and low and uses that level as his aggressive stop and would give you slighly more than 1:1 RR


Hi Paulus !
thanks for this wonderful work, its been working for me
what do you think about the aggressive stop? do you think that would save us some loss or do you think it would stop us out prematurely from what would have been a good trade.

In other words how do you do it, aggressively or conservatively ? bearing in mind this chart eg that you posted

thanks for the expected answer

kos
Attached Image (click to enlarge)
Click to Enlarge Name: agessive stop.gif Size: 30 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #505
  • May 24, 2009 4:02pm May 24, 2009 4:02pm
Quoting Kosomolate

Hi Paulus !
thanks for this wonderful work, its been working for me
what do you think about the aggressive stop? do you think that would save us some loss or do you think it would stop us out prematurely from what would have been a good trade.

In other words how do you do it, aggressively or conservatively ? bearing in mind this chart eg that you posted

thanks for the expected answer

kos


The best way to find out is to spend sometime and going back
through the charts to see what would have happened. Then you
would know the outcome. Time must be invested to gain knowledge.

GL to you,

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #506
  • May 25, 2009 3:54am May 25, 2009 3:54am
thats the truth, only I just want to know from the main man, paulus

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #507
  • May 25, 2009 1:57pm May 25, 2009 1:57pm
Paulus , in the web I found 2 software similars to your "1 trade a day":
londonrush and SaneFX

The only difference is the trend indicator.
What do you think the better?
  • #508
  • May 26, 2009 12:16am May 26, 2009 12:16am
Quoting Pierre
Paulus , in the web I found 2 software similars to your "1 trade a day":
londonrush and SaneFX

The only difference is the trend indicator.
What do you think the better?
I wouldnt buy any of them... as they are just simple session breakouts. And you can find all sorts of trend indicators for free online..
  • #509
  • May 26, 2009 2:51am May 26, 2009 2:51am
http://fxtrade.oanda.com/resources/fxmarkethours/

This may be useful for some
Steve
  • #510
  • May 27, 2009 2:28am May 27, 2009 2:28am
Hi all...

Anyone still trading this......seems to be doing ok..specially on GY...

Block is set for today....
  • #511
  • May 27, 2009 2:45am May 27, 2009 2:45am
i am just try it now
  • #512
  • May 27, 2009 3:58am May 27, 2009 3:58am
Hi all....


well my entry was just triggered.....
Attached Image
  • #513
  • May 27, 2009 4:22am May 27, 2009 4:22am
Quoting Angler
Hi all...

Anyone still trading this......seems to be doing ok..specially on GY...

Block is set for today....
Yes I am still trading this system, and so far it has brought me real profit without taking it back in one fast swoop. I set it in the morning from my laptop and I go to work and monitor the trades from my sprint phone. since 1st of may till now it has generated for me 1180 green, sweet and hassle-free PIPS, in three weeks, if you want results I 'll send them. thanks Paulus
John 3:16 - From THIS love no power on earth can me sever.
  • #514
  • May 27, 2009 4:28am May 27, 2009 4:28am
Hi all...

nah..dont need results...I can see how its going looking back...


I only asked the question as the posting was quiet here for a day..

Good to see you making some green...
  • #515
  • May 27, 2009 10:07am May 27, 2009 10:07am
Quoting Kosomolate
Yes I am still trading this system, and so far it has brought me real profit without taking it back in one fast swoop. I set it in the morning from my laptop and I go to work and monitor the trades from my sprint phone. since 1st of may till now it has generated for me 1180 green, sweet and hassle-free PIPS, in three weeks, if you want results I 'll send them. thanks Paulus

Hey Kosomolate,

Sounds like you have a winner!!!
May I ask what pair you are trading for the month?

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #516
  • May 27, 2009 10:57am May 27, 2009 10:57am
Quoting AZ-Heat
Hey Kosomolate,

Sounds like you have a winner!!!
May I ask what pair you are trading for the month?

AZ
Hi AZ-Heat

I trade it on the following 6 pairs:
GBPUSD/ GBPJPY/ GBPCHF/ EURUSD/ EURJPY/ EURGBP

Here are the results of todays trades as they were taken:

closed @ fib level 161.8
EU +38
EJ +45
GY +10 closed
GC +68

closed @ fib level 200
GU +60
EG +53

TOTAL = 274 pips

Done for today

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #517
  • May 27, 2009 11:09am May 27, 2009 11:09am
hi all....


And what was the reason you closed your GY trade for +10 pips....thats nowhere near 1.618 fib....?
  • #518
  • May 27, 2009 11:12am May 27, 2009 11:12am
hey,
a little question, what timeframe do you use as the asian session?
  • #519
  • May 27, 2009 11:20am May 27, 2009 11:20am
Hi all...


The timeframe used for the Asian session should make no difference....as the Block is determined based on time..

Unless you mean ...time in GMT... so in my case its 22 - 6 GMT
  • #520
  • May 27, 2009 11:23am May 27, 2009 11:23am
Quoting Angler
hi all....


And what was the reason you closed your GY trade for +10 pips....thats nowhere near 1.618 fib....?
My daily target is 100 pips and I already have 2 days target met. Moreover, among the pairs GY is weird and its not moving with speed today, dont know why.

kos
John 3:16 - From THIS love no power on earth can me sever.
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