Trading in 2 Minutes a day only | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Script to change EA to long only/ short only at a price level? 1 reply

How To Beat The Market Trading Just 30 Minutes Per Day 3 replies

New Trading - Not Greedy, Scalp, One Trade per day only 13 replies

Trading Forex only 4 hours a day... Not more than that 56 replies

How difficult to make 10 pips every day with only one hour trading? 29 replies

Trading in 2 Minutes a day only

  • #1
  • First Post: Edited Apr 21, 2011 5:57am Jan 30, 2011 10:33am | Edited Apr 21, 2011 5:57am

P/L so far: +583 pips

10 trades total

Feb. 2011: +223 pips : 5 wins, 1 loss
Mar. 2011: +196 pips : 3 wins
Apr. 2011: +164 pips : 2 wins

I have been trading this strategy for about 2 years now with great results so I just decided to start logging some of my trades here. I usually do 4 trades per month, my trades have 150 pips stop loss just in case the market acts weird and open take profit. I open my trade at 6:00pm ET and don't touch it until 6:00pm ET the next day. So I only trade for about 2 minutes a day and the results have been great. I will keep this thread here and update it with new trades. I won't be posting all my trades here but will post some and log my results. Watch this thread for some good trade ideas.
  • #2
  • Jan 30, 2011 10:37am Jan 30, 2011 10:37am
My first trade in this log was on Friday before market close:

Long EUR/USD @ 1.3602

As mentioned above I have 150 pips stop loss just in case and open take profit until 6:00pm ET on Monday, I will update this thread then.
  • #3
  • Jan 30, 2011 11:12am Jan 30, 2011 11:12am
hello thegreatone,

could you post some charts and reasons for your entry for us to understand please?

what's your preferred timeframe?
  • #4
  • Jan 30, 2011 2:38pm Jan 30, 2011 2:38pm
Hi vijidas,

Unfortunately I don't have any fancy indicators or templates to show you. All I have are numbers of where the banks and big players are placing their money, their entries, their stops and such. I have an MSc in Statistics so I use my education along with my experience to come up with those trades. I am not saying that I always get them right but I get them right many times and thats enough in this market.

Quoting vijidas
hello thegreatone,

could you post some charts and reasons for your entry for us to understand please?

what's your preferred timeframe?
  • #5
  • Jan 30, 2011 2:50pm Jan 30, 2011 2:50pm
Quoting thegreatone

P/L so far: 0


I have been trading this strategy for about 2 years now with great results so I just decided to start logging some of my trades here. My strategy is based on numbers I gather from close friends of where the banks and big hedge funds are placing their limits and stops. I do some statistical calculations and come up with my trades. I usually do 4 trades per month, each trade brings on average about 120 pips or so. My trades have 150 pips stop loss...
...I see it coming....
  • #6
  • Jan 31, 2011 7:44am Jan 31, 2011 7:44am
Quoting Rednose
...I see it coming....
Looks totally legit to me.
  • #7
  • Jan 31, 2011 9:50am Jan 31, 2011 9:50am
Amazing prediction, how is exactly predict the buy signal, great

Have a nice day to ypu
  • #8
  • Jan 31, 2011 9:55am Jan 31, 2011 9:55am
But you really have no way of knowing where banks and big players place their orders, now do you? Can you show us any evidence that banks place their orders at a certain place?

Quoting thegreatone
Hi vijidas,

Unfortunately I don't have any fancy indicators or templates to show you. All I have are numbers of where the banks and big players are placing their money, their entries, their stops and such. I have an MSc in Statistics so I use my education along with my experience to come up with those trades. I am not saying that I always get them right but I get them right many times and thats enough in this market.
  • #9
  • Jan 31, 2011 4:31pm Jan 31, 2011 4:31pm
Hi Dreamliner,
No I don't have any evidence, this is my journal not a place to prove anything.. If you like my way of trading it will be a pleasure to have you otherwise all the best to you.


Quoting Dreamliner
But you really have no way of knowing where banks and big players place their orders, now do you? Can you show us any evidence that banks place their orders at a certain place?
  • #10
  • Jan 31, 2011 4:39pm Jan 31, 2011 4:39pm
Ok so its almost 6:00pm so here is the update:

Close EUR/USD at market: 1.3696

P/L: +94 pips
Maximum +: 137 pips
Max. Drawdawn: 31 pips

I hope some traders made some pips with me.

Good luck to all!
  • #11
  • Jan 31, 2011 4:43pm Jan 31, 2011 4:43pm
OK it is just that you said in post 1 that you place your orders where banks do, and I just wanted to question you on that, as you really do have no way of knowing where the banks place their orders, so I wondered why you made that statement. I guess to draw people in to read your journal? I really can't figure out why somebody would make that statement, but I guess you have your reasons. All the best to you as well.

Quoting thegreatone
Hi Dreamliner,
No I don't have any evidence, this is my journal not a place to prove anything.. If you like my way of trading it will be a pleasure to have you otherwise all the best to you.
  • #12
  • Jan 31, 2011 7:59pm Jan 31, 2011 7:59pm
Quoting thegreatone
Ok so its almost 6:00pm so here is the update:

Close EUR/USD at market: 1.3696

P/L: +94 pips
Maximum +: 137 pips
Max. Drawdawn: 31 pips

I hope some traders made some pips with me.

Good luck to all!

nice..
  • #13
  • Feb 1, 2011 5:48pm Feb 1, 2011 5:48pm
News trading is ugly and I always stay away from it but from time to time I see an opportunity that I can't pass on. Last month I predicted the drop on the USD/JPY after the NFP release when everyone was expecting it to go up and this week I see another opportunity.

I noticed a huge change in numbers on the USD/JPY and this can only mean one thing to me, good ADP number coming out tomorrow at 8:15am ET pushing USD/JPY higher.

The plan: I probably most likely will be buying USD/JPY just before 8:15am on Feb. 2, 2011
  • #14
  • Feb 1, 2011 6:10pm Feb 1, 2011 6:10pm
impressive Mr. GreatOne
  • #15
  • Feb 1, 2011 6:54pm Feb 1, 2011 6:54pm
Quoting thegreatone
News trading is ugly and I always stay away from it but from time to time I see an opportunity that I can't pass on. Last month I predicted the drop on the USD/JPY after the NFP release when everyone was expecting it to go up and this week I see another opportunity.

I noticed a huge change in numbers on the USD/JPY and this can only mean one thing to me, good ADP number coming out tomorrow at 8:15am ET pushing USD/JPY higher.

The plan: I probably most likely will be buying USD/JPY just before 8:15am on Feb. 2, 2011
i cant wait...

ps: 8:15am local time or GMT?
  • #16
  • Feb 2, 2011 3:56am Feb 2, 2011 3:56am
Hi Great one,

please post GMT time, then every one can easily follow your prediction,

Have Blessed day to U

thank lot
  • #17
  • Feb 2, 2011 9:56am Feb 2, 2011 9:56am
I took the usd/jpy just for the heck of it..up about 15 pips currently.
  • #18
  • Feb 2, 2011 4:46pm Feb 2, 2011 4:46pm
So the ADP number came out better like I thought and USD/JPY moved up but the spike was not what I was hoping for. Anyways, I got in just before the release at 81.43 and closed it at about +24 pips. USD/JPY moved up a total of 42 pips, not so bad but definitely not what I was hoping for.

P/L: +24 pips
Maximum +:42 pips
Max. Drawdown: 7 pips

Quoting thegreatone
News trading is ugly and I always stay away from it but from time to time I see an opportunity that I can't pass on. Last month I predicted the drop on the USD/JPY after the NFP release when everyone was expecting it to go up and this week I see another opportunity.

I noticed a huge change in numbers on the USD/JPY and this can only mean one thing to me, good ADP number coming out tomorrow at 8:15am ET pushing USD/JPY higher.

The plan: I probably most likely will be buying USD/JPY just before 8:15am on Feb. 2, 2011
  • #19
  • Feb 3, 2011 8:46am Feb 3, 2011 8:46am
Will do.
I usually post my entry (if there is one) at 11:00pm GMT


Quoting ajentha
Hi Great one,

please post GMT time, then every one can easily follow your prediction,

Have Blessed day to U

thank lot
  • #20
  • Feb 3, 2011 8:55am Feb 3, 2011 8:55am
just woke up, and am getting out with 36 pips. Thanks GreatOne!
0 traders viewing now