1 trade a day | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Cable double day / the two day "rule" 14 replies

A Day Traders Day? 7 replies

The best way to trade is one trade a day 76 replies

Day by Day 9 replies

The best Times of day to trade - or Not trade 16 replies

Attachments: 1 trade a day
Exit Attachments

1 trade a day

  • #521
  • May 27, 2009 9:31am May 27, 2009 9:31am
Quoting kimchikim
hey,
a little question, what timeframe do you use as the asian session?
1HR Timeframe, as specified by Paulus

I just trade this innocently, no indies, not even MA only the fib and ant_GUbreakout

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #522
  • May 27, 2009 10:03am May 27, 2009 10:03am
Quoting Kosomolate
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

Hey Kosomolate,

Thanks for the info. Looked like a couple pairs came close
to stopping out and then reversed to close in the green.
Seems that some just made it to 161% target by a few pips
and the combined draw down could have had me worried.
I did a little back checking and found that on some weeks
there were some losses of 300-400 pips on a single pair
but have not fully back tested all.

Glad to see you are having a good run.

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #523
  • May 27, 2009 11:05am May 27, 2009 11:05am
This is the second time I am asking the same question here.

"The risk to reward with this system is lesser than 1:1. So what kind of money management are you guys using? "

Can somebody who is using this system share their views on this...

Cheers
D
  • #524
  • May 27, 2009 11:16am May 27, 2009 11:16am
Quoting deedeed
This is the second time I am asking the same question here.

"The risk to reward with this system is lesser than 1:1. So what kind of money management are you guys using? "

Can somebody who is using this system share their views on this...

Cheers
D

I still believe that the stop is placed on the other side of
the Asia range +10. If I am wrong, someone please correct me.

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #525
  • Edited 1:01pm May 27, 2009 12:52pm | Edited 1:01pm
Quoting AZ-Heat
I still believe that the stop is placed on the other side of
the Asia range +10. If I am wrong, someone please correct me.

AZ
Hey AZ
Buy entry point is Asian high +10 pips while sell entry point is Asian low -10

Buy SL is Asian low and Sell SL is Asian high. see pix for clarification



Hi Deedeed!

the R:R is slightly not 1:1 and the reason is this, sometimes if it reverses back either north or south to the SL, cos of the extra 10 pips at that side then it always adds that 10 extra pips to the loss on its way back, so the difference between reward and risk is 10 pips

kos

However, this does not remove from the fact that the system is simply good at least for now.
Attached Image (click to enlarge)
Click to Enlarge Name: ex.gif Size: 15 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #526
  • May 27, 2009 1:13pm May 27, 2009 1:13pm
the fact that you're still using the wrong SL boggles my mind.

Quoting Kosomolate
[font=Fixedsys]Hey AZ
Buy entry point is Asian high +10 pips while sell entry point is Asian low -10

Buy SL is Asian low and Sell SL is Asian high. see pix for clarification



Hi Deedeed!

the R:R is slightly not 1:1 and the reason is this, sometimes if it reverses back either north or south to the SL, cos of the extra 10 pips at that side then it always adds that 10 extra pips to the loss on its way back, so the difference between reward and risk is 10 pips

kos

However, this does not remove from the fact that the system is simply good at least...
  • #527
  • May 27, 2009 1:30pm May 27, 2009 1:30pm
Quoting datugman
the fact that you're still using the wrong SL boggles my mind.
pls datugman read my post very well and point me to the right SL, I cant say, the rules may have changed.

thanks

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #528
  • May 27, 2009 1:45pm May 27, 2009 1:45pm
As far as i understand the SL has to be at 50% of Asian HI and Low


Quoting Kosomolate
pls datugman read my post very well and point me to the right SL, I cant say, the rules may have changed.

thanks

kos
Yea it's Life//
  • #529
  • May 27, 2009 2:15pm May 27, 2009 2:15pm
Quoting serj1
As far as i understand the SL has to be at 50% of Asian HI and Low
pls serj1 can you point me to the post where paulus changed the rules? cos I have been using the low and high for the SL and you cant believe it I still get good result E.G.

EURUSD would have been a loser for me today but the SL at the asian high saved me and I TP at 161.8 fib level with +38 green pips and if I had left it, it went full to 200 fib level later.

GBPUSD too would have been another looser but the stop at the asian low saved it and I TP at 200 fib level +60 green pips

thats almost -100 pips loss but I ended well today. I think I would allow price to breath well may be that would maximise profit for me, who knows

thanks

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #530
  • May 27, 2009 2:21pm May 27, 2009 2:21pm
Quoting Kosomolate
pls serj1 can you point me to the post where paulus changed the rules? cos I have been using the low and high for the SL and you cant believe it I still get good result E.G.

EURUSD would have been a loser for me today but the SL at the high saved me and I TP at 161.8 fib level with +38 green pips and if I had left it went full to 200 fib level

GBPUSD too would have been another looser but the stop at the asian low save it and I TP at 200 fib level +60 green pips

[font=Fixedsys]thats...
Hey kos,

I think you have it right. I believe it was mentioned somewhere as an alternative to use the 50% level as a stop to minimize loss. I started to use the 50% idea but changed back after my stop was almost was taken out a few days ago. So I say... if it's working for you don't mess with it!

Tony
  • #531
  • May 27, 2009 2:36pm May 27, 2009 2:36pm
Quoting adsanders
Hey kos,

I think you have it right. I believe it was mentioned somewhere as an alternative to use the 50% level as a stop to minimize loss. I started to use the 50% idea but changed back after my stop was almost was taken out a few days ago. So I say... if it's working for you don't mess with it!

Tony
Hi tony,

thats what i think, and with the way price oscillates forth and back these days its better to allow it some space. so that one would not just be stopped out and then price would come back and continue in the direction of your trade that is somehow painful

but on the alternative if one is stopped out at the low or the high then 10 pips later it enters the opposite trade and if it goes well it fills the loss back

thats my own thinking and for this May it is working I dont know of July yet.

thanks

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #532
  • May 27, 2009 3:19pm May 27, 2009 3:19pm
Sorry Kos got mixed with other system.

Quoting Kosomolate
pls serj1 can you point me to the post where paulus changed the rules? cos I have been using the low and high for the SL and you cant believe it I still get good result E.G.

kos
Yea it's Life//
  • #533
  • May 27, 2009 4:10pm May 27, 2009 4:10pm
hi all....

Do I assume most got stopped out at some level on GY ...unless you were awake and exited late in the day for a small profit..

The problem with trading so many pairs that are related....mostly GBP or EUR...is that the drawdown could be substantial....before the price does/if turn around....
  • #534
  • May 27, 2009 4:18pm May 27, 2009 4:18pm
Quoting Kosomolate
[font=Fixedsys]Hey AZ
Buy entry point is Asian high +10 pips while sell entry point is Asian low -10

Buy SL is Asian low and Sell SL is Asian high. see pix for clarification



Hi Deedeed!

the R:R is slightly not 1:1 and the reason is this, sometimes if it reverses back either north or south to the SL, cos of the extra 10 pips at that side then it always adds that 10 extra pips to the loss on its way back, so the difference between reward and risk is 10 pips

kos



However, this does not remove from the fact that the system is...


good Kosomolate
i was try to get 30 pip when the low broken and put sl 30 too with all the pairs but untel now it is very losser i will stell there untel frayday and see what will happen
  • #535
  • May 27, 2009 6:47pm May 27, 2009 6:47pm
I have found this thread quite interesting, and have done some backtesting(mostly on gbp/jpy, I like the risky one). I would like to mention a little quirk I think could help. Instead of doing the whole Asian session, I find that the asian session -1 hour(frankfurt open) works a little better. That seems to be when the beginning of some of the breakouts begin. That means sessions that aren't so wide. making for easier profits. Let me know your thoughts.
  • #536
  • May 27, 2009 8:03pm May 27, 2009 8:03pm
Quoting saltydoo
I have found this thread quite interesting, and have done some backtesting(mostly on gbp/jpy, I like the risky one). I would like to mention a little quirk I think could help. Instead of doing the whole Asian session, I find that the asian session -1 hour(frankfurt open) works a little better. That seems to be when the beginning of some of the breakouts begin. That means sessions that aren't so wide. making for easier profits. Let me know your thoughts.
Hi Saltydoo,

Are you saying only the frankfurt or include the frankfurt with the asain session? Sorry but I don't quite understand what you are meaning?

Tony
  • #537
  • May 27, 2009 8:41pm May 27, 2009 8:41pm
Quoting adsanders
Hi Saltydoo,

Are you saying only the frankfurt or include the frankfurt with the asain session? Sorry but I don't quite understand what you are meaning?

Tony
I think he means place your orders as soon as Frankfurt opens.
  • #538
  • May 27, 2009 10:33pm May 27, 2009 10:33pm
Quoting saltydoo
I have found this thread quite interesting, and have done some backtesting(mostly on gbp/jpy, I like the risky one). I would like to mention a little quirk I think could help. Instead of doing the whole Asian session, I find that the asian session -1 hour(frankfurt open) works a little better. That seems to be when the beginning of some of the breakouts begin. That means sessions that aren't so wide. making for easier profits. Let me know your thoughts.
I did that when I was doing demo on the system for about 2 weeks, but what I discovered was that the 1hr frankfurt open bar b4 UK open used to cause false breakout many times i.e. many times it will go trigger one side and as soon as the UK opens the UK open bar will head the other direction, bcos it is driven by GBP fundamental news, and when I included it in the box with the Asian which makes them 9 bars, the fakeouts reduced

thats my simple observation anyway

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #539
  • May 27, 2009 10:42pm May 27, 2009 10:42pm
Hi all...

Looking like we are going to get a wide ranging Block again today...

The Asian session does not seem to be as quiet as it used to be.....
  • #540
  • May 27, 2009 10:43pm May 27, 2009 10:43pm
Hi all
EURJPY has gone almost 175 pips within the Asian box, can it still do some more move today, or one should leave it out?

those who are familiar with EJ pls respond

thanks

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