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GbpUsd 5 min breakout

  • #381
  • Jan 7, 2010 4:04am Jan 7, 2010 4:04am
Are you guys trading live with this?
  • #382
  • Jan 7, 2010 4:09am Jan 7, 2010 4:09am
Quoting Intel
I think you could be right but, PA still looks SEMI favourable in that it hasn't broke the last retrace high yet. I think i'd still be in for now.

I'm using FXCM and it tagged the upper band for me exactly but, I dont enter until it passes by 3 pips so I wouldn't have taken it.
Glad you missed that long trade!

I'm using the "3 Ducks" as a filter for the trade...and price is below the 60 SMA on the 5 minute, 1 hour and 4 hour charts. So..if you stay with your short trade, you are definitely in the trend at this point.

Good luck, my friend. I'm just leery when it comes to this hour of the night and no strong trend has developed.
  • #383
  • Jan 7, 2010 4:11am Jan 7, 2010 4:11am
Quoting Intel
Are you guys trading live with this?
have been since 20 dec i lost day rest goodtouch wood so far
  • #384
  • Jan 7, 2010 4:16am Jan 7, 2010 4:16am
Quoting bags1
have been since 20 dec i lost day rest goodtouch wood so far
'i lost day rest'??????

Bobcat2

What time is it for you?

What ratio of bad trades to good trades does the 3 ducks method filter out for you?
  • #385
  • Jan 7, 2010 4:20am Jan 7, 2010 4:20am
Quoting Intel
'i lost day rest'??????

Bobcat2

What time is it for you?

What ratio of bad trades to good trades does the 3 ducks method filter out for you?

sorry bad england watching a trade and watching ff so in a hurry meant won every day except one
  • #386
  • Jan 7, 2010 4:23am Jan 7, 2010 4:23am
Quoting bags1
sorry bad england watching a trade and watching ff so in a hurry meant won every day except one

Ah right well done.

Do you trade twice a day if the opportunity arises?

What MM do you use?
  • #387
  • Jan 7, 2010 4:28am Jan 7, 2010 4:28am
Quoting Intel
Ah right well done.

Do you trade twice a day if the opportunity arises?

What MM do you use?
yes leave my orders open till place next day
always double up as soon as first filled
up to 4% on second doubled up order
  • #388
  • Jan 7, 2010 4:33am Jan 7, 2010 4:33am
Quoting bags1
yes leave my orders open till place next day
always double up as soon as first filled
up to 4% on second doubled up order

So, averaging >2% per day.

Nice return. Hope it lasts.
  • #389
  • Jan 7, 2010 4:35am Jan 7, 2010 4:35am
Quoting Intel
So, averaging >2% per day.

Nice return. Hope it lasts.
so do i
  • #390
  • Jan 7, 2010 4:39am Jan 7, 2010 4:39am
PA showing signs of reversal now. If it doesnt hit the 1.5915 level in the next 6-8 bars, I think we'll lose this trade.

  • #391
  • Jan 7, 2010 4:52am Jan 7, 2010 4:52am
Thats the first level hit.

Now if it passes 1.5905 I think we're in

What do you guys think?
  • #392
  • Jan 7, 2010 4:53am Jan 7, 2010 4:53am
Quoting Intel
PA showing signs of reversal now. If it doesnt hit the 1.5915 level in the next 6-8 bars, I think we'll lose this trade.

looking good moved sl to breakeven
  • #393
  • Jan 7, 2010 4:54am Jan 7, 2010 4:54am
baled at 5907 + 25 pips not to bad safe in the bank
  • #394
  • Jan 7, 2010 4:56am Jan 7, 2010 4:56am
Quoting bags1
baled at 5907 + 25 pips not to bad safe in the bank

Whats that........ about 1% profit?

Not bad in a choppy market
  • #395
  • Jan 7, 2010 4:58am Jan 7, 2010 4:58am
Got to go shoppin now

Bl**dy women!

Hope all goes well for you guys, see ya later
  • #396
  • Jan 7, 2010 7:02am Jan 7, 2010 7:02am
So far so good today. I'm doing some testing of box times and SL/TP-levels. Either TP/SL = range+buffer or using buffer, but TP/SL = range only.

For now the first option is gaining more, but lower breakout activity would possibly favour the lower TP/SL. Too soon to say though, more testing is needed. And manual monitoring is of course of great importance.

Ideas or experience?
  • #397
  • Jan 7, 2010 7:44am Jan 7, 2010 7:44am
Back now.

I see we're still going, I think a SL move to BE might be prudent at this stage.

Anyone still in?
  • #398
  • Jan 7, 2010 8:07am Jan 7, 2010 8:07am
Hey Lanzio

Any joy with your EA yet?
  • #399
  • Jan 7, 2010 8:30am Jan 7, 2010 8:30am
Quoting Intel
Hey Lanzio

Any joy with your EA yet?
Hi all just back from vacation, I'll work to complete the EA when my job allows me to... a little busy lately.

The system looks very promising, I already added an option to move SL at BE after x pips profit... like today it set a BE on the short order when it was +20

I have to apologize to everybody here, I know I'm a little slow, but the software house where I work requires a lot of my time in during the first two weeks of new year.

I'll do my best to complete the project as soon as I can.

BTW I'm using the EA as it is (with some bugs) already on a small live account with good results so far.

Talk soon.. good pips for all.
  • #400
  • Jan 7, 2010 8:39am Jan 7, 2010 8:39am
Quoting Lanzio
Hi all just back from vacation, I'll work to complete the EA when my job allows me to... a little busy lately.

The system looks very promising, I already added an option to move SL at BE after x pips profit... like today it set a BE on the short order when it was +20

I have to apologize to everybody here, I know I'm a little slow, but the software house where I work requires a lot of my time in during the first two weeks of new year.

I'll do my best to complete the project as soon as I can.

BTW I'm using the EA as it is (with some bugs)...

Firstly, you have nothing to appologise for. You're trying to help us all and I for one, am very greatful.

secondly, I would like to ask if its possible to build something in to th EA?
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