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Daily Quarter method

  • #341
  • May 26, 2009 2:02pm May 26, 2009 2:02pm
Quoting Bilyb
I set up for a trade on Friday and Monday but didn't get an entry, so no trades.
I'm set up this morning based on a high of 1.40216, low at 1.38590, and 8:59 EST close of 1.39240.
This may also be a news trade. I'm seeing some volatility. Maybe leading up to some consumer sentiment news in 15 minutes...
Open Long = 1.39647
TP = 1.40053
Manually Closed 50% at 1.40008
Manually Closed 50% at 1.39975
Profit = 34.45 Pips average.

I closed when price hit 1.40000. Seemed like a strong resistance and I'm trading a live account soooo.. I booked the profit
Mine?
  • #342
  • May 26, 2009 2:15pm May 26, 2009 2:15pm
The trades that didnt get triggered were the EU trades?

Quoting Bilyb
Open Long = 1.39647
TP = 1.40053
Manually Closed 50% at 1.40008
Manually Closed 50% at 1.39975
Profit = 34.45 Pips average.

I closed when price hit 1.40000. Seemed like a strong resistance and I'm trading a live account soooo.. I booked the profit
Yea it's Life//
  • #343
  • May 26, 2009 2:18pm May 26, 2009 2:18pm
Quoting jmcl
Hi teknoesen

Ja, I am in Durban but must rely on my broker. I am still on demo with FXDD which are GMT+3 at the moment but I prefer IBFX which are working at GMT only.

I like to do hedging but the USA guys like to stop this, maybe they scared of the Euro ( I think I am looking for sht*t now ).

Maybe we must pm or e-mail or even contact by phone ( Telkom ), but I am not sure if I am allowed to give this info.

Lekker pips vir jou en ek hoop jy is nie 'n Stormer ondersteuner nie. Ek is 'n Shark maar skreeu vir die BLou Bulle Saterdag.

Plenty...

hi, dankie
epos: teknoesen (at) hotmail.com
eks blou bulle die naweek.
Groete
  • #344
  • May 26, 2009 2:19pm May 26, 2009 2:19pm
Hi,

Just to advise you I enetered my trades at 6:00 GMT this morning. All trades were winners. +114 pips (eurusd included)

Rgds
Ed
  • #345
  • May 26, 2009 2:24pm May 26, 2009 2:24pm
Quoting serj1
The trades that didnt get triggered were the EU trades?
Right.
Price wasn't moving much and I got out early Friday for the holiday...
Mine?
  • #346
  • May 26, 2009 10:38pm May 26, 2009 10:38pm
Quoting Bobcat2
Hi truckjrt,

Thanks for your suggestions.

Personally, I've experimented enough with TS's to know that although TS's seem to serve as insurance policies, I almost always am better off without one (personal opinion only). In particular, a short TS of only 10 pips is almost guaranteed to be stopped out because there is precious little breathing room for price to move back and forth.

Adding to your position with a second trade to an already profitable move on the first trade may be a good idea. That way if price doesn't reach the first target,...

Ok Day 1 of Secondary Trades. i.e. trades after TP. I have set up on my G/U and U/J trades to open after TP for another 25% with SL back at my original open.

Example
G/U

Buy @ 1.60149
SL @ 1.59139 (-102 pips)
TP @ 1.60655 (+51 pips)
Second Buy @ 1.60655
SL @ 1.60149 (-51 Pips)
TP @ 1.61160 (+51 Pips)

This should effectively move the Risk/Reward ratio to 1:1 correct?

Max loss is -102
Max gain is +102
First Open hits TP but Second hits SL = 0 pips.
  • #347
  • May 26, 2009 11:55pm May 26, 2009 11:55pm
Quoting simplecoders
jmcl,

I am not sure. But what i understand is the indicator calculates the ADR from 00:00 candle to 23.59 candle. SO it may be GMT , EST or whatever time zone, it all depends on the broker chart on which you are using the indicator.
Hi and thanks for your inputs

John from Durban
  • #348
  • May 27, 2009 12:02pm May 27, 2009 12:02pm
Hi all

Hitting the minuses today and nobody is replying or making a remark.

Is the thread going South now or what??

Still many pips to you all

John from Durban
  • #349
  • May 27, 2009 12:14pm May 27, 2009 12:14pm
My EUR/USD was within 4 pips of hitting TP, but it turned off the high for the day

-28.6 for today

(((btw - on this pair I use 1/4 of daily range for my stop... and it would've hit the lower stop at 1/2 daily range also, so it could've been a -57.2 loss)))
Mine?
  • #350
  • Edited 4:06pm May 27, 2009 12:53pm | Edited 4:06pm
Quoting jmcl
Hi all

Hitting the minuses today and nobody is replying or making a remark.

Is the thread going South now or what??

Still many pips to you all

John from Durban
Doing ok today.

U/J +47.2 +23.6 on first trade and +23.5 on second. See post #346.

G/U +50 banked on first and currently -38 on second but still open.

Updated 2:55 pm CDT

Closed out second trade on G/U at -50 netted 0 pips for the day on G/U. +47.2 Overall.
  • #351
  • May 27, 2009 7:05pm May 27, 2009 7:05pm
Quoting truckjrt
Doing ok today.

U/J +47.2 +23.6 on first trade and +23.5 on second. See post #346.

G/U +50 banked on first and currently -38 on second but still open.

Updated 2:55 pm CDT

Closed out second trade on G/U at -50 netted 0 pips for the day on G/U. +47.2 Overall.

hi truckjrt...
are u trade with U/J n G/U only? why u chose this pair?
what time you entry order?
thx b4
  • #352
  • May 27, 2009 8:24pm May 27, 2009 8:24pm
Euro/Usd: 36 pips.

(L) 1.3861
(H) 1.4006
(C) 1.3983

(S) 1.3947
(TP) 1.3911

Cheers!
  • #353
  • May 27, 2009 8:28pm May 27, 2009 8:28pm
Quoting Jiriko
Euro/Usd: 36 pips.

(L) 1.3861
(H) 1.4006
(C) 1.3983

(S) 1.3947
(TP) 1.3911

Cheers!
Hi all,

just a question to clear my greedy thoughts. I have seen that for Euro/USD, after it hit my TP, it went back up beyond my short(S) price.

Question: DO i enter a trade again?

Alas, I did not enter the second trade else my TP for yesterday will be 36x2= 72. because the price for euro fell and hit my TP price again.

Cheers!
  • #354
  • May 27, 2009 9:40pm May 27, 2009 9:40pm
Quoting cantania
hi truckjrt...
are u trade with U/J n G/U only? why u chose this pair?
what time you entry order?
thx b4
I am only trading U/J and G/U because they have been the most profitable for me. I was trading several different pairs with different open times trying to time certain pairs to certain sessions. I was hit hard at the end of last week and have scaled back this week to only what has been making me money.

My pairs over the past week or so.

Pairs Win % Lose %Total Trades
EUR/USD 50% 50% 2
USD/JPY 100% 0% 4
GBP/JPY 63% 38% 8
EUR/JPY 0% 100% 2
GBP/USD 73% 18% 10
NZD/JPY 50% 50% 2
AUD/USD 100% 0% 1
USD/CAD 100% 0% 1
AUD/JPY 50% 50% 2
  • #355
  • May 28, 2009 7:32am May 28, 2009 7:32am
Quoting truckjrt
I am only trading U/J and G/U because they have been the most profitable for me. I was trading several different pairs with different open times trying to time certain pairs to certain sessions. I was hit hard at the end of last week and have scaled back this week to only what has been making me money.

My pairs over the past week or so.

Pairs...

Hi

At what time do you enter the trades. I guess that makes the biggets diff for any pair. like I was testing for EUR/USD. If u enter well before the US markets open, there are more chanches of you ending in +ive.

Please tell at which time you enter for both the pairs
  • #356
  • May 28, 2009 7:42am May 28, 2009 7:42am
Overnight was a good night for me.

U/J +34 first trade +34 second trade
E/J +44 first trade +43 second trade

Total +155 Pips

I reloaded this morning with an entry for U/CAD. Again I am using a second trade that will open with TP of the first. Hoping for another 25% of previous day's range with SL at original open price. Lets see what happens.

This was with the close of 7:00 CDT candle (or GMT+13??) Just before the NY Open.

First Trade Second Trade
Buy 1.12427 1.12826
SL 1.11629 1.12427
TP 1.12826 1.13225

Sell 1.11629 1.11230
SL 1.12427 1.11629
TP 1.11230 1.10831
  • #357
  • May 28, 2009 7:44am May 28, 2009 7:44am
Quoting Ashish_Ampl
Hi

At what time do you enter the trades. I guess that makes the biggets diff for any pair. like I was testing for EUR/USD. If u enter well before the US markets open, there are more chanches of you ending in +ive.

Please tell at which time you enter for both the pairs
For most all of my pairs I am opening them at 10 or 11 pm CDT which should be GMT +4 i think.

Now my U/CAD was opened just a few mins ago. 7 am CDT
  • #358
  • May 28, 2009 7:48am May 28, 2009 7:48am
Haven't traded last two days...so no output...
  • #359
  • May 28, 2009 9:55am May 28, 2009 9:55am
G/U: -72

lost on pound!

Did anyone traded pound using london open timing?

How was the track record like?
  • #360
  • May 28, 2009 10:20am May 28, 2009 10:20am
Target hit
+50.7
Mine?
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