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1 trade a day

  • #781
  • Aug 19, 2009 8:11am Aug 19, 2009 8:11am
Quoting Jesper
You are indeed a wise person, Ufgators, i really like your money management.

What do you think about this:
Instead of taking half profit at first TP (1.618) and letting the rest run.

Buy example: with half lot size of what you would trade normally with Paulus system.
Entry as before, 10 pips + spread above the asian high.
SL appprox 30 pips below or half of potential profit target (depending on Asian range) which is 1.618.

Then a second Entry order 7 pips above first TP (1.618) with a TP at 2.0 and a SL about 20 pips below or half of potential...
An update on todays trades:

I used the modification to the system as described above and here's the results for today.

GBP/JPY

+94 pips - Short #1 triggered, went TP #1
-38,5 pips - Short #2 triggered, went SL #2
Total: +55,5 pips


GBP/USD

+44,4 pips - Short #1 triggered, went TP #1
+53,6 pips - Short #2 triggered, went TP #2
Total: +98 pips

Grand total for today: +157,5 pips.


Can't complain, except i wish this was on my live account instead of the demo.
I think a good part of this modification is that you won't have to follow the trade to split it at TP #1, i only set it up in the morning (i'm GMT +1) and let it run.

I was lucky today that they didn't trigger both Short and Long and went red pips, is there a way to automate it so when the Long order is triggered all of the Short orders are cancelled?

With kind regards
Jesper
  • #782
  • Aug 19, 2009 9:05am Aug 19, 2009 9:05am
Well done Jesper. Looks like a good amendment. I too was having trouble working out the best way to go from the 161% level to the 200% and 261%. A news event on GBP/USD at 09:30 caused it to swing around wildly for a bit but I will be looking to see how it works from here on. I was gutted today as my broker had technical probs and the charts were all down until around 08:30, doh! But hey, there is always tomorrow.

Cancelling a buy order if a sell gets triggered and vice versa depends on your broker. Some have that function, some don't.
  • #783
  • Aug 19, 2009 9:11am Aug 19, 2009 9:11am
Quoting herry_winandi
hi guys, please clarify this:

1. we open pending orders at UK open, 07.00 GMT, isn't it ?
2. when is the end of the day (the time where all orders should be closed) ?
The end of day would be 16:30 GMT, the London Stock market close.
  • #784
  • Aug 20, 2009 9:08am Aug 20, 2009 9:08am
Todays trades:

GBP/JPY

-18,8 pips - Long #1 triggered, went SL
+17 pips - Short #2 triggered, manually closed.
Total: -1,8 pips


GBP/USD

-14,9 pips - Long #1 triggered, went SL
-9,9 pips - Long #2 triggered, went SL
Total: -24,8 pips

Grand total for today: -26,6 pips.

I'm happy to see that results for a very bad day is working out in the Money Management and is stopped at minor loss.
If trade #2 in GBP/JPY also had gone SL the total loss would've been about -68 pips.

Which makes it an RR of 1:2,5 which is totally good and ok with me.


with kind regards
Jesper
  • #785
  • Aug 21, 2009 11:27am Aug 21, 2009 11:27am
Todays trades:

GBP/JPY

No Trade Triggered


GBP/USD

+45,5 pips - Long #1 triggered, went TP #1
-14,3 pips - Long #2 triggered, went SL
Total: +31,2 pips

Grand total for today: +31,2 pips.

El Grande Grand total for this week (only started on Wednesday, 3 days):

+160 pips

Very happy with that, being curious to see what next week will look like, even if that first +157 pips seems to be pretty unusual, but of course, shit happends, so why wouldn't some Good shit happen every once in a while too?

Have a nice weekend all!

With kind regards
Jesper


with kind regards
Jesper
  • #786
  • Aug 24, 2009 11:26am Aug 24, 2009 11:26am
Todays trades:

GBP/JPY

-25,4 pips - Short #1 triggered, went SL
-15,1 pips - Short #2 triggered. went SL

GBP/USD

-25,9 pips - Short #1 triggered, went SL
-16,5 pips - Long #2 triggered, went SL

I made a mistake when creating the Entry/OCO order
which made the Short #2 get triggered BEFORE Long TP #1.


Total: -82,9 pips
Not a good start on the week, but we will see what time will give us
  • #787
  • Aug 28, 2009 5:08pm Aug 28, 2009 5:08pm
Hello,
I am a newbie in the forex market, I have $50 to invest and I do not want to risk trading with it by myself because I do not know how to. Is there a broker who can help me and give me returns on my money? Please I need your help
  • #788
  • Feb 11, 2010 2:05am Feb 11, 2010 2:05am
Quoting vickydomino
Hello,
I have $50 to invest
are u SERIOUS ??????
Yesterday ,,,, Today ,,,, and Forever
  • #789
  • Feb 15, 2010 7:37pm Feb 15, 2010 7:37pm
Hi Paulus and all FF fellow members...

Just finishing reading through the whole 1 trade a day strategy which you (Paulus) kindly shared with all FF members.

I want to ask you if you are still trading this strategy?

As far as I understood, it is being traded in GU, GJ and EJ; is that correct?

I am using the ant-GUBreakout indicator using 0:00 as start time and 8:00 as end time with a broker GMT shift of +2 (FX Pro) plus a 10 pip buffer on both sides, so that is 9 bars for me. Am I on the right track?

I hope I don't take up too much of your time and would be deeply appreciated if you or anyone else replied back as to my current settings.

Thanks in advance and I wish you the best. You deserve to do great in all aspects of life.

Best regards,


Carlos from Mexico

PS: I attach a chart which displays the box and the fibo levels as per the rules.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 24 KB
  • #790
  • Feb 20, 2010 1:42am Feb 20, 2010 1:42am
I never use fibo becasue i never did figure out wher you start the 0 line from?
  • #791
  • Feb 9, 2011 11:54pm Feb 9, 2011 11:54pm
I know this question has been beat to death, but I want to make sure I have this right about times......
I am in CST in the US, I use MetaTrader platform.
The settings I have for the asian session are GMT shift = 0, start 02:00, end 10:00.........
Could someone please tell me if this is correct?
I would really appreciate it.
  • #792
  • Feb 17, 2011 12:06am Feb 17, 2011 12:06am
New York time is 5 hours behind London at this point in time, if that helps.

Did you notice how old the thread is?

Use the P4L Clock indi attached to this thread.
Good Trading
  • #793
  • Feb 17, 2011 4:59am Feb 17, 2011 4:59am
where is paulus ??????????????
  • #794
  • Feb 18, 2011 12:55pm Feb 18, 2011 12:55pm
Im here but cant monitor and reply to all threads

this system is simple so dont visit it

But this week £$

M No trade
T +70
W +63
Th +40
F long from 1.6230 currently up 21 pips

P
  • #795
  • Feb 18, 2011 1:32pm Feb 18, 2011 1:32pm
Paulus, I'm following this thread and the Trendmagic and 123, if you're here tell me about Tudorgirls indi. is it no good, I'm really confused with Trendmagic thread and what indis etc to use.
Looked like Tudorgirl could do no wrong, then all went 'belly up'?!
  • #796
  • Feb 19, 2011 5:28am Feb 19, 2011 5:28am
Where can I make the settings in the fibo level?
In my case I set column 6, but Paul had shown only 3 in the text.
Who can help me further.
thank you steve
  • #797
  • Feb 19, 2011 5:40am Feb 19, 2011 5:40am
Hi Paul
since you have a great setup,
such as your performance was the last year?.
Unfortunately, it's still made in this tread.
With the settings fibo I can not quite clear.
thank you steve
  • #798
  • Feb 19, 2011 8:24am Feb 19, 2011 8:24am
Tudor girl was deemed to have many names

the indicators repainted although this was picked out many many times by us certain people on the thread just wouldnt let it go

She/he was eventually disciplined by FF..I personally had no problems with TD as he/she done what people asked and was up front with the repainting issues

But people thought he /she had conned them..it happens alot on this site people offer services and help for free and then get shot down and stabbed in the back by the very people they are trying to help

P
  • #799
  • Feb 19, 2011 3:42pm Feb 19, 2011 3:42pm
Quoting Paulus
Hi

I trade

GBPUSD
GBPJPY
EURJPY

I take the lot off at the 161.8 % fib level

We have some draw downs of course my SL is the 50% line as per the chart

Ive also had good success with the US break out using 3 spots also

I will post that soon its very similar to another thread running

cheers

paulus

Hi Paulus,

Thanks for your results last week...

Can you confirm that the above is the rules you are currently using please???

Have spent today reading through the thread and have seen several variations since the thread began.


many many thanks

Grant
  • #800
  • May 6, 2011 10:10am May 6, 2011 10:10am
Quoting Paulus
this system is simple so dont visit it
Hello, I am reading this thread with interest, and have just opened a full forex account. I plan on paper trading for a while. I have traded eminis for years, but am ready for a change, so I look forward to this thread.
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