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DanUK's Intraday Experiment

  • #161
  • Jul 20, 2010 7:46am Jul 20, 2010 7:46am
very good. so you have made up your loss on the other system. work kept me away from all these trades.

Quoting bez3000
Update my eurusd pin made 2% as i kept my SL close due to S1.
  • #162
  • Jul 20, 2010 10:27am Jul 20, 2010 10:27am
Quoting bez3000
Update my eurusd pin made 2% as i kept my SL close due to S1.
Well done!
  • #163
  • Jul 20, 2010 11:10am Jul 20, 2010 11:10am
I think its great being able to trade all three of these strategies as it's helping me to be more selective on my 4h / Daily trading as i don't feel the need to be trading all the time.

The Central Banks system will hopefully be profitable and only takes 5 mins every morning so i great for the day job.

This intraday system is great but due to work might only get a couple of hours per day to check it.

The longer term S&R trading will still be part of my trading tool bag i think as i hope the other two will complement this style of trading.
  • #164
  • Jul 21, 2010 12:21am Jul 21, 2010 12:21am
another intraday volume winner to cover losses on the other system for today. yielded something like 1:2+ ish

on the other system i really need to investigate whats happening because i open an oanda trade box and set my sl to 2 pips and hit the trigger but when it actually stops out i end up getting losses of 3-4 pips.
Attached Image (click to enlarge)
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  • #165
  • Jul 21, 2010 12:32am Jul 21, 2010 12:32am
Coolshades,

I have the same, my SL is set for 2 pips, but it is usually - 3 or4.
Perhaps its because I am only demo trading with the FX game that O--da has?

Regards, JoelD
  • #166
  • Jul 21, 2010 12:37am Jul 21, 2010 12:37am
i am live on fxtrade. i will need to reduce my order size if i dont have a solution.its not a big deal, but it does mean that my risk calculation has to change.

Quoting JoelD
Coolshades,

I have the same, my SL is set for 2 pips, but it is usually - 3 or4.
Perhaps its because I am only demo trading with the FX game that O--da has?

Regards, JoelD
  • #167
  • Jul 21, 2010 12:50am Jul 21, 2010 12:50am
Quoting coolshades
another intraday volume winner to cover losses on the other system for today. yielded something like 1:2+ ish

on the other system i really need to investigate whats happening because i open an oanda trade box and set my sl to 2 pips and hit the trigger but when it actually stops out i end up getting losses of 3-4 pips.
What was your entry / exit on this trade, well done by the way
  • #168
  • Jul 21, 2010 12:53am Jul 21, 2010 12:53am
5299, 5244 and sl of 5316.

you know this is the 1st intraday (excluding central banks) i have taken in more than 6 weeks!


Quoting bez3000
What was your entry / exit on this trade, well done by the way
  • #169
  • Jul 21, 2010 1:12am Jul 21, 2010 1:12am
Quoting coolshades
another intraday volume winner to cover losses on the other system for today. yielded something like 1:2+ ish

on the other system i really need to investigate whats happening because i open an oanda trade box and set my sl to 2 pips and hit the trigger but when it actually stops out i end up getting losses of 3-4 pips.
Well done! I haven't been trading the 15m charts for a while too... been getting enough fast paced trading using the Central Banks system! I have done a couple of intraday PA/trend trades on the H4 though. I should really post some charts but haven't had time just yet.

I got slipped on Oanda this morning too. My 2 pip loss was actually a 3 pip loss... I can only think it's slippage on the system? An inherent problem with scalping type strategies... if it keeps happening that could seriously effect the outcome/success of the strategy. Hmmmm? I wonder if it is too good to be true after all!

Oh well, if it is we'll just have to get rich slowly doing what we are doing here!!

Regards,

Dan
  • #170
  • Jul 21, 2010 1:14am Jul 21, 2010 1:14am
Quoting JoelD
Coolshades,

I have the same, my SL is set for 2 pips, but it is usually - 3 or4.
Perhaps its because I am only demo trading with the FX game that O--da has?

Regards, JoelD
I'm live on fxtrade too and have had the same issue this morning!
  • #171
  • Jul 21, 2010 4:19am Jul 21, 2010 4:19am
Guys are you using a 2pip SL + 0.9 spread = 2.9, or a 1.1 SL + 0.9 spread = 2 pip.
Dan even with some slippage surly this could still be a great system?

Quoting DanUK
Well done! I haven't been trading the 15m charts for a while too... been getting enough fast paced trading using the Central Banks system! I have done a couple of intraday PA/trend trades on the H4 though. I should really post some charts but haven't had time just yet.

I got slipped on Oanda this morning too. My 2 pip loss was actually a 3 pip loss... I can only think it's slippage on the system? An inherent problem with scalping type strategies... if it keeps happening that could seriously effect the outcome/success of the strategy. Hmmmm? I...
  • #172
  • Jul 21, 2010 5:19am Jul 21, 2010 5:19am
exactly 2 pip sl.

Quoting bez3000
Guys are you using a 2pip SL + 0.9 spread = 2.9, or a 1.1 SL + 0.9 spread = 2 pip.
Dan even with some slippage surly this could still be a great system?
  • #173
  • Jul 21, 2010 7:07am Jul 21, 2010 7:07am
Quoting bez3000
Guys are you using a 2pip SL + 0.9 spread = 2.9, or a 1.1 SL + 0.9 spread = 2 pip.
Dan even with some slippage surly this could still be a great system?
2 pips including the spread.

It depends on the win rate. If you only get one win per month on average - you can deal with all the other trades being stopped out for a max of 2 pips however if you keep getting slipped you are not going to make any money.

I'm still going to trade it... but I am racking my position size right down as I am not as convinced as I first was.

I didn't trade NY today as I was out.
  • #174
  • Jul 21, 2010 7:28am Jul 21, 2010 7:28am
i think there is scope in this system. one success can more than pay for many losses. i did however reduce my order size for ny.

Quoting DanUK
2 pips including the spread.

It depends on the win rate. If you only get one win per month on average - you can deal with all the other trades being stopped out for a max of 2 pips however if you keep getting slipped you are not going to make any money.

I'm still going to trade it... but I am racking my position size right down as I am not as convinced as I first was.

I didn't trade NY today as I was out.
  • #175
  • Jul 21, 2010 8:24am Jul 21, 2010 8:24am
Quoting DanUK
2 pips including the spread.

It depends on the win rate. If you only get one win per month on average - you can deal with all the other trades being stopped out for a max of 2 pips however if you keep getting slipped you are not going to make any money.

I'm still going to trade it... but I am racking my position size right down as I am not as convinced as I first was.

I didn't trade NY today as I was out.
But we will not alway get stopped out, I closed for +2 in ny today giving me a free trade in the morning. I think time will tell over the coming weeks.
  • #176
  • Jul 21, 2010 9:55am Jul 21, 2010 9:55am
Quoting bez3000
But we will not alway get stopped out, I closed for +2 in ny today giving me a free trade in the morning. I think time will tell over the coming weeks.
No of course there will be times the trade gets to breakeven and times you can bank a couple of pips - which is fine. So long as that happens more than the >2 pip losses you should be ok.

Regards,

Dan
  • #177
  • Jul 21, 2010 10:00am Jul 21, 2010 10:00am
Quoting coolshades
i think there is scope in this system. one success can more than pay for many losses. i did however reduce my order size for ny.
Yes I'm not totally dropping it or anything... one 100 pip winner will get you back to breakeven from 50 2 pip stop outs... which I would have thought was unlikely. But one 100 pip winner will only get you back to breakeven from 25 4 pip stop outs... which there is a more significant chance of occurring.

Anyway, we shall wait and see - all I recommend is to make sure you only use money you can afford to loose - at least until we have a good amount of data to go by!

Regards,

Dan
  • #178
  • Jul 21, 2010 10:48am Jul 21, 2010 10:48am
I am still demo at the moment it takes a while to fund a Oanda account i have found

Quoting DanUK
Yes I'm not totally dropping it or anything... one 100 pip winner will get you back to breakeven from 50 2 pip stop outs... which I would have thought was unlikely. But one 100 pip winner will only get you back to breakeven from 25 4 pip stop outs... which there is a more significant chance of occurring.

Anyway, we shall wait and see - all I recommend is to make sure you only use money you can afford to loose - at least until we have a good amount of data to go by!

Regards,

Dan
  • #179
  • Jul 22, 2010 12:33am Jul 22, 2010 12:33am
took a long of the bullish pin off 2750 for a 1:1 win. cld have been more but got distracted by the central banks trade.

this has paid for my loss on that one.

have to say the 15m moves have been sh***y offlate. extremely few good entries.
  • #180
  • Jul 22, 2010 9:57am Jul 22, 2010 9:57am
GBP/USD

Traded the pin off 1.52500 this afternoon a 1:1
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