PA journal

Most of my systems.. partial systems... ideas use indicators to some extent thought Id post my results here on a indicator free system I use I trade this pattern when ever I see it.

It doesnt produce huge winning TP's its a scalping system and has been reliable for me.I'm terrible at keeping notes and records of trades its my biggest down fall............Hence why I use to have a trading partner they handled all that behind the scenes stuff.

Its uses a 5min time frame and the signal is created over a series of candles the TP and SL are very simple.If after a few weeks I have seen consistent positive pips then I will post it .. I use various systems and find it difficult to know what one is making the better pips...Is it better for example to put your money behind a system that has a fantastic win loss ratio but takes 10 pips a time or a system that has a 40% win loss ratio that takes 100 pips a time...Its not want I wish to debate here but need to log these scalping trades down.

I kept a track of signals last week with a view of starting this journal,My trading time is 8am to 7pm and records will be updated if possible once a day.If I see by my journal is just not good enough Il stop and wipe the slate clean

On days when UK bank holiday is in process I will look at USDCHF a none EUR or GBP spot

Week starting Monday 23rd Aug

M ..-12+8+6+12+5+6+4 = 53
T .. -18+15+16 = 13
W .. +19+8 = 27
T .. -11+14+10+14+16 = 43
F .. +10+23+11-9 = 35

Weekly gain/loss = gain171 pips
Signals 21
Wins 17
Lost 4
Strike rate 80%

Week starting 30th Aug UK Bank Holday

Week starting 30th Aug UK Bank Holday


M .. +7+5+13-14-8 = +3
T .. +6+9+12-14 = +13

Week starting 30th Aug UK Bank Holday


M .. +7+5+13-14-8 = +3
T .. +6+9+12-14 = +13
w .. +7+6 = +13

Week starting 30th Aug UK Bank Holday


M .. +7+5+13-14-8 = +3
T .. +6+9+12-14 = +13
w .. +7+6 = +13
T .. +9-7+11+9+7 = +29

Week starting 30th Aug UK Bank Holday


M .. +7+5+13-14-8 = +3
T .. +6+9+12-14 = +13
w .. +7+6 = +13
T .. +9-7+11+9+7 = +29
F .. +7+6+9+11 = +36

Weekly gain/loss = gain 94 pips
Signals 20
Wins 16
Lost 4
Strike rate 80%

Paulus,

I have followed you for sometime now and anxiously await to see what you have come up with. I sincerely appreciate your willingness to give back. I have been searching diligently for a consistent method. Trading is truly a passion. I just wish that it wasn't so frustrating. I refuse to give up.

Daytrade5

Hey buddy,

Seems quite consistent from here... Interesting to see that you have small loss when you have had big gains and large loss when you have taken small gains... If the numbers written are in series that is...

Do you have a % aim for each week/month?

I have 10-20% aim each month, helped me alot instead of dreaming of 100++

Waiting for your tactics bro

Week starting 6th Sept


M .. +5+8-8-2+3+5+3 = +14

Paulus,

I know that you said that you will be evaluating the method over the next few weeks. I'm hoping that you will reconsider and post something a little sooner. I would also like to offer my assistance in evaluating the method. I guess anxiousness and the strong desire to see a consistent method is getting the better of me

Daytrade5
[email protected]

Hi DT

Thanks for the help..I have lmt time and know if I post charts etc numerous questions will arise I know it sounds ridiculous but Iv only just enough time now to post the results..Im trying to be as honest as possible give it a few weeks if its still ok Il post

cheers

P

Week starting 6th Sept


M .. +5+8-8-2+3+5+3 = +14
T .. 10-12-12+9+6+9+10+5+11-11 = +36

Hey Paul,
messing around again starting another thread are we? (just joking)
I will look forward to those charts of yours. In the meantime, do you have time to answer just one little question? You have posted your pip runs but are those positions of equal size or do they vary? I am asking this because a small pip run with more lots can bring in more money than a low pip run with tiny lot size. You don't have to reveal the specifics...I know you don't want this thread to turn into one of 'account balance envy'.

Good luck to you,
Chris

Hi Paulus.

Good to see you back with a PA system.

Best of luck.

HI all...


Always like to read what Paulus is trying out...

wonder if its possible when you put your results on here....can you indicate which Pairs you made those trades in...

Will wait like others to see how you go...

Angler

Hi

the big and small pip gains are made with no MM at all...

As the TP is based on ATR a simple calculation done by an EA could see you trading bigger on small TP's and smaller on larger TP's

All signals are on EURUSD unless UK mkt shut we then use other as spotted on 1st page...plus this is a journal not a finished system

P

Week starting 6th Sept


M .. +5+8-8-2+3+5+3 = +14
T .. 10-12-12+9+6+9+10+5+11-11 = +36
W .. 15-12+11+9-1+6+10+15+6+6+7+5-16+13+6-9+5-2+3 = +77

M .. +5+8-8-2+3+5+3 = +14
t .. 10-12-12+9+6+9+10+5+11-11 = +36
w .. 15-12+11+9-1+6+10+15+6+6+7+5-16+13+6-9+5-2+3 = +77
t .. 6+8-1+7+3+5+5+11+17-5+7-8+9 = +87

As I said this is simple nothing new just a few rules on an old theme.

The candle is known as a pin bar/hammer/inverted hammer

Different time zones and different brokers will throw up diff signals

Rules to apply to the candle which I will call a pin bar

Start time 8am uk and end time 5pm uk on EURUSD

For a short we must have been making higher highs over several candles to give an upward move

If the pin bar denotes a short signal then the 3 candles before it must not be 3 continuous up candles.This would denote 15mins of upward movement and its asking allot for a 1 candle formation to call a turning point after such a move

If going short the top wick of the pin bar must be at least 50% the size of the body of the candle.This will help in the future definition of a pin bar if we get that far to coding indicators and or Ea's

For a shot the high of the wick must be a recent swing high or double top by this I mean that the wick of the candles preceding it must be lower or equal

the body of the candle must be 2 pips or greater.This helps with the filter of the doji type formations which denote indecision where as the pin bar hammer etc lean more towards bullish and bearish formations


TP - 1 x ATR of candle so if candle is 10 pips hi to lo thats the TP
SL. For a short 1 pip higher than the hi of a wick visa versa for longs

Please see example of signal and example of a none signal

This is a journal not a system so please dont ask about strike rate how much money iv made its about keeping a record for future use.Also please please lets not argue about the definition of a pin bar or hammer

P

M .. +5+8-8-2+3+5+3 = +14
t .. 10-12-12+9+6+9+10+5+11-11 = +36
w .. 15-12+11+9-1+6+10+15+6+6+7+5-16+13+6-9+5-2+3 = +77
t .. 6+8-1+7+3+5+5+11+17-5+7-8+9 = +87
F .. 8+7+5+7+12 = +39

Weekly gain/loss = gain 253 pips
Signals 54
Strike rate 77%

P

hi paulus

i tried to pm you, but its not allowed on your profile ?


i just wanted to know if your original ''1 trade a day'' method is still working for you, or has it gone to a loosing phase and not profitable ?


thanks