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EUR/JPY Pairs- straddle Tokyo Open

  • #61
  • Jul 24, 2009 7:06am Jul 24, 2009 7:06am
cgrey,

Please continue with your excellent posts. I, for one, am taking full advantage...

Thanks,
Bob
  • #62
  • Jul 24, 2009 8:07am Jul 24, 2009 8:07am
Thanks Bob,

I really wasn't feeling that I was contributing much to this, in terms of developing the system, other than posting my trades based on some changes I made to the original rules that bazza gave us.

Maybe, if there is interest, I will start a "journal" thread in which I would continue to post my trades based on my modified "rules", but will allow this thread to either continue on discussing changes to the system, or to die if there is no interest in going further with it...
  • #63
  • Jul 24, 2009 10:07am Jul 24, 2009 10:07am
Yes, cgrey.
Please continue your posts.
Your analysis of each day's set-up & results are very clear.

Thanks.
  • #64
  • Jul 24, 2009 11:42am Jul 24, 2009 11:42am
I've started a journal to continue posting my trades using this method. It can be found here: http://www.forexfactory.com/showthread.php?t=185117

This should allow this thread to continue for discussion...
  • #65
  • Jul 25, 2009 1:49am Jul 25, 2009 1:49am
Thats good Cgrey, I am glad people are being profitable with it, please keep up your postings. A 25 pip trailing stop is what I use a lot, sometimes you miss big runs, but if you nurture this method, it can be more profitable, but if you need to go out & not monitor, you'r right- tp1 @ 50 pips, with your trailing stop is fairly hands free.
Bazza
  • #66
  • Jul 27, 2009 7:12am Jul 27, 2009 7:12am
July 19-23


Sun
hi-133.33
lo-132.93 +50

Mon
hi-134.04
lo-133.64 -50

Tues
hi-133.25
lo-133.01 +50

Wens
hi-133.01
lo-132.89 +50

Thurs
hi-134.79
lo-134.38 +50

total for the week +200

Happy Piping
Smurf
  • #67
  • Jul 27, 2009 7:35am Jul 27, 2009 7:35am
hmmm...I see only 150 pips net
  • #68
  • Jul 27, 2009 8:04am Jul 27, 2009 8:04am
Quoting Bobcat2
hmmm...I see only 150 pips net

I had a loser on thursday as well witch made it a net of 150. for the week.

I was looking at the wrong pair. I had awinner on eur/usd. I know it is not the pair for this strat just testing last week on that pair.

Thanks Bobcat
  • #69
  • Aug 17, 2009 1:54pm Aug 17, 2009 1:54pm
Bazza, been applying your London M-30 breakout to the 22.30GMT 1/2 HR CANDLE on the EUR/JPY, and it appear to be paying dividends--last night it WON! I the let Parabolic SAR 0.2 choose the ONE direction that I trade in.

I use a TP 75pips/STOP LOSS 25pips.

P.S.ONE RULE: If the SMA 100 is less than 25 pips from the price, no trade that nite...the market is to rangy!!!
  • #70
  • Sep 6, 2009 2:14pm Sep 6, 2009 2:14pm
I've been using this strategy with great success!
  • #71
  • Sep 6, 2009 2:31pm Sep 6, 2009 2:31pm
Quoting zulemara
I've been using this strategy with great success!
Zul tell us more.. how many wining trades per week.

Rebel
  • #72
  • Sep 6, 2009 2:46pm Sep 6, 2009 2:46pm
Quoting Dreamliner
Straddle the candle that begins at 2200 GMT and ends at 2300 GMT. That's 6:00 PM to 7:00 PM EST.
Hope that helps.
Well, not really, cause EST is (GMT -5)

2200-2300 GMT = 5:00PM-6:00PM EST

and not 6:00 PM-7:00 PM
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #73
  • Sep 17, 2009 2:11am Sep 17, 2009 2:11am
Quoting rebelheart
Zul tell us more.. how many wining trades per week.

Rebel
I was using quick trailing to limit losses as much as possible while still allowing trades room to breath.

I found that a simple 100 TP and 100 SL has great success from jan-may. The summer I was using a different set of rules, and now that we are in sept I thought I could go back to 100 and 100, but it doesn't seem to be working that way. In fact, I have been hitting SL consistently. I am almost ready to turn this into a retracement strategy. I'm not exactly sure what I'm giong to do. I still believe in this system, but I haven't figured out what I want to do going forward.
  • #74
  • Sep 19, 2009 10:03pm Sep 19, 2009 10:03pm
Not to be mean,

However,

if without specific, case-by-case tech analysis before each day's entry,

and just picking an hour to enter and wish for a break out sucess,

this will work???

if so, everyone on earth will be rich.
  • #75
  • Nov 11, 2009 12:24pm Nov 11, 2009 12:24pm
Just a quicknote that I finally got caught last night with a stop out on the eur/jpy spread strategy, But had 3 weeks straight winners using this strategy.

My results may differ than some but I use the general rules, I just take profits "early and often". If I do 10 lots, I take 4 off at 15 pips plus, 4 more at 25. Then let the last 2 run with a BE stop.

Initial stop is still the other side but its not hit often.

Thanks for the system Baz

Rob
  • #76
  • Nov 12, 2009 2:46pm Nov 12, 2009 2:46pm
Yep, I had a stop out yesterday as well, trying to find an EA to do it, I have paid a programmer, but darn EA unstable, if anyone can help, please let me know.

It is a remarkable strategy, isn't it!

Glad I could help,
Bazza
  • #77
  • Dec 24, 2009 5:53am Dec 24, 2009 5:53am
try taking the trade 1 or 2 pips below the hourly candle and spread plus 1 or 2 pips above the hourly candle and trying for only 5 pips on multiple lots. you could use a smaller stop loss as normally the pair moves 5 pips to profit within the same candle that takes you into the trade and you're done. i will demo this after the new year. Merry Christmas!
  • #78
  • Dec 25, 2009 10:32pm Dec 25, 2009 10:32pm
With the 30 min breakout, it does have a high win/loss ratio, however, 9-9.30am Tokyo time, the first 30 mins of Tokyo trading is also an excellent time to trade other good methods. The bagovino is good at this time, after all, I am in Australia & they all say trading Asian sessions is too thin. This is NOT the case on Eur/Jpy pairs, & this Tokyo open trend usually goes all the way through London till NY open.
This is the pair I now trade exclusively, as this pair trends well, & many of the intraday systems on FF work well on this pair at this particular trade.

Bazza
  • #79
  • Aug 11, 2010 9:32am Aug 11, 2010 9:32am
Quoting bazza
With the 30 min breakout, it does have a high win/loss ratio, however, 9-9.30am Tokyo time, the first 30 mins of Tokyo trading is also an excellent time to trade other good methods. The bagovino is good at this time, after all, I am in Australia & they all say trading Asian sessions is too thin. This is NOT the case on Eur/Jpy pairs, & this Tokyo open trend usually goes all the way through London till NY open.
This is the pair I now trade exclusively, as this pair trends well, & many of the intraday systems on FF work well on this pair at this particular...
Hallo Bazza,
Have you tried this system with other pairs such as GBP/JPY, GBP/USD, EUR/USD etc ?
Appreciate your comments about this
Thank you very much for sharing this thread.

Happy trading
veryspecial1
  • #80
  • Aug 12, 2010 6:30am Aug 12, 2010 6:30am
I left Forex Factory several months ago, but have seen that this thread was recently resurrected....

I've been trading based on the parameters I presented earlier in this thread every day for over a year. The one account I have it trading automatically on (using an EA that I wrote) has grown by around 40% in that year. Worst month was around a 6% loss, Novermber or December of 2009, I think.

I briefly tried other pairs, but E/J has proven to be consistent - no other pair I've tried (all the majors and a few others) was able to consistently profit each month.
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