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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #401
  • Jul 30, 2009 7:08am Jul 30, 2009 7:08am
+100 pips profit on GU. Will try GJ as well tonight.

Thanks, fed!
  • #402
  • Jul 30, 2009 9:09am Jul 30, 2009 9:09am
Hey there. Trade with "E-micro Forex Futures"

You can get RT for 4.40$. Don't pay that stupid spreads. SAVE SOME BUCKS!! BE SMART!

More info here .. http://www.cmegroup.com/trading/fx/f...ed_version.pdf

GE.


Quoting wawarulez
Looks like today isnt going to be good.

O and with my wonderful spread for SL Im -6 as soon as i enter, really need to change, would any1 recommend another broker like FXPro? or anything without spread on SLs
Some pursue happiness, others create it.
  • #403
  • Jul 30, 2009 9:25am Jul 30, 2009 9:25am
Quoting genius75
Hey there. Trade with "E-micro Forex Futures"

You can get RT for 4.40$. Don't pay that stupid spreads. SAVE SOME BUCKS!! BE SMART!

More info here .. http://www.cmegroup.com/trading/fx/f...ed_version.pdf

GE.
SPAM! Be gone!
  • #404
  • Jul 30, 2009 9:39am Jul 30, 2009 9:39am
Quoting olie02
Hi Fed
I have question for u It's very important for me
When you did backtest on g/u did u find any dissipative month ? (I mean not profitable)
If yes how many it was? You did backtest on 2 years right ?
hi olie, my back test showed there were not loosing months as far as I remember that is why I am so confi about it. Last night I made alot of pips with both pairs g/u, g/j. I had a charting package called eSignals before with that I was able to go back all the way to 1980s and I have checked the price action and yes back then it had breakouts, it had trend lines, retracements.... etc etc. with that chating pack I was able to back test mid 2007 if I remember correctly.
  • #405
  • Jul 30, 2009 9:41am Jul 30, 2009 9:41am
wow if I was awake(or lived in europe which I am a earupean) I could of made probably over 500pips with both pairs, but I stoped at 250 pips and went to bed.
  • #406
  • Jul 30, 2009 9:42am Jul 30, 2009 9:42am
Quoting Bobcat2
+100 pips profit on GU. Will try GJ as well tonight.

Thanks, fed!
try it, you will not be sorry, that pair shows better results but make the buffer 8 pips instead of 7 and target for more pips like 45-50 for the first TP1 and TP2 75.
  • #407
  • Edited 10:24am Jul 30, 2009 9:54am | Edited 10:24am
http://www.cmegroup.com is a big SPAM. LOL LOL LOL

That because you don't know how to trade without

your forex broker it does not mean it is a spam.

"Chicago Board of Trade" is really, really one big spam

Hope you don't trade live.

BTW: you can choose any broker where you can trade futures.

A bit of education for you ..

"Many of you will be surprised to learn that I don’t trade spot forex when I trade the US dollar currency pairs. I use the futures contracts traded on Globex at the CME. The reasons are as follows: 1) it’s cheaper than spot forex, with a 1 pip market spread most of the time, ample liquidity, and low commissions [$5 - $8 per roundturn per contract]. 2) The interest differentials are calculated into the trade price, so I get a true interest spread instead of getting screwed by the brokerage house on rollovers. 3) The market on Globex never goes down when news hits the wires. Many brokerage houses go dark for 5, 10, or even 15 minutes or more when big news items [like unemployment Friday in the US] are due and then released. "


Quoting Bobcat2
SPAM! Be gone!
Some pursue happiness, others create it.
  • #408
  • Jul 30, 2009 10:43am Jul 30, 2009 10:43am
Quoting genius75
http://www.cmegroup.com is a big SPAM. LOL LOL LOL

That because you don't know how to trade without

your forex broker it does not mean it is a spam.

"Chicago Board of Trade" is really, really one big spam

Hope you don't trade live.

BTW: you can choose any broker where you can trade futures.

A bit of education for you ..

"Many of you will be surprised to learn that I don’t trade spot forex when I trade the US dollar currency pairs. I use the futures contracts traded on Globex at the CME. The reasons are as follows:...
thanks for the info I will do a research, is the website called http://www.globexfx.com/
  • #409
  • Jul 30, 2009 10:53am Jul 30, 2009 10:53am
No.

You will find everything here.

http://www.cmegroup.com/trading/fx/f...-e-micros.html

Happy trading without STUPID SPREADS!!

Available E-micro Forex futures contracts:
EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, USD/CHF

Quoting fed
thanks for the info I will do a research, is the website called http://www.globexfx.com/
Some pursue happiness, others create it.
  • #410
  • Jul 30, 2009 11:25am Jul 30, 2009 11:25am
Quoting genius75
No.

You will find everything here.

http://www.cmegroup.com/trading/fx/f...-e-micros.html

Happy trading without STUPID SPREADS!!

Available E-micro Forex futures contracts:
EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, USD/CHF
How`s liquidity and volume nowadays with these?

Thanks
Forex37
  • #411
  • Jul 30, 2009 12:51pm Jul 30, 2009 12:51pm
Quoting genius75
No.

You will find everything here.

http://www.cmegroup.com/trading/fx/f...-e-micros.html

Happy trading without STUPID SPREADS!!

Available E-micro Forex futures contracts:
EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, USD/CHF
This is so confusing, alot of date to feed in once to learn about this approach.
  • #412
  • Jul 30, 2009 3:13pm Jul 30, 2009 3:13pm
Fed,

Will you please verify the attached test results match your actual trades for this month (July 2009) so far?

One thing I'd like to ask specifically is about your 60 pip rule. If the range is over 60 pips, your max s/l should be 60 pips. That strategy increased the size of a few wins this month (assuming you are consistently risking x% of your account balance per trade regardless of how many pips your s/l is set at), however it also turned the July 1st trade from a winner to a loser. I'm curious to know how your actual results compare to the attached.

Thanks,
Jason
Attached File(s)
File Type: zip july testing.zip   13 KB | 466 downloads
  • #413
  • Jul 30, 2009 3:49pm Jul 30, 2009 3:49pm
Quoting jasonphd
Fed,

Will you please verify the attached test results match your actual trades for this month (July 2009) so far?

One thing I'd like to ask specifically is about your 60 pip rule. If the range is over 60 pips, your max s/l should be 60 pips. That strategy increased the size of a few wins this month (assuming you are consistently risking x% of your account balance per trade regardless of how many pips your s/l is set at), however it also turned the July 1st trade from a winner to a loser. I'm curious to know how your actual results compare to...
hi Jason as soon as I get home I'll look at it. About the 60pip rule, that could change, it is not 60 pips on every trade but lately I use 60 pips due to the same volitility. If I increase my 60 pip SL to lets say 80 pips then I will increase my TP1 as well. My ideal goal is to be close to 1:1 risk reward ratio and that is if both my targets hit, if not then at least I can secure 30 pips or more depends on teh volitility at least and not get in to any risk from there on. I think it is safer.
  • #414
  • Jul 30, 2009 7:09pm Jul 30, 2009 7:09pm
Quoting fed
hi olie, my back test showed there were not loosing months as far as I remember that is why I am so confi about it. Last night I made alot of pips with both pairs g/u, g/j. I had a charting package called eSignals before with that I was able to go back all the way to 1980s and I have checked the price action and yes back then it had breakouts, it had trend lines, retracements.... etc etc. with that chating pack I was able to back test mid 2007 if I remember correctly.
what are ur exact setting ? According to my back test , there is losing month for GJ on 2009 and GU perform better than GJ on 2009
  • #415
  • Edited 12:25am Jul 31, 2009 12:03am | Edited 12:25am
wow I missed some day yesterday Did make 30 in morning though just didnt have time for anything else.

worked from 9am to 12.30am........ was rediculas... come on the trading so I dont have to do that again!

Fed is the G/J system 2-5GMT aswell?
  • #416
  • Jul 31, 2009 12:12am Jul 31, 2009 12:12am
Quoting forexisfx
what are ur exact setting ? According to my back test , there is losing month for GJ on 2009 and GU perform better than GJ on 2009
hi, settings are the same except that the buffer would be 8 pips and 8 pips + spread for long, TP1 35-40 pips, SLs are lil greater around 70-90 pips. I will look at it again. Last time I checked was with the indicator, I will do the back test again mannual to make sure. What months were they? I am just eyeing the pair right now and looks like month of feb was a bad month.
  • #417
  • Jul 31, 2009 12:13am Jul 31, 2009 12:13am
Quoting wawarulez
wow I missed some day yesterday Did make 30 in morning though just didnt have time for anything else.

worked from 9am to 12.30........ was rediculas... come on the trading so I dont have to do that again!

Fed is the G/J system 2-5GMT aswell?
hi, yes you missed it, hopefully we will have the same night as well. G/J is 2-5 as well. Just demo that for now.
  • #418
  • Jul 31, 2009 12:23am Jul 31, 2009 12:23am
The range for g/u shows only 50.7 pips, I'll go only for 25 pips for TP1 and another 55 and that would be it for me.
  • #419
  • Jul 31, 2009 12:24am Jul 31, 2009 12:24am
are u guys gearing up for long in cable? there's a major resistance coming up around .6550 area for g/u.

i hate fridays.
  • #420
  • Jul 31, 2009 12:29am Jul 31, 2009 12:29am
Quoting sooyen
are u guys gearing up for long in cable? there's a major resistance coming up around .6550 area for g/u.

i hate fridays.

I have order to buy at 1.6557 so if it breaks barrier I'll be in play, if a trade doesn't trigger how long do you wait to cancel pending orders?

And it might go short
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