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Profit All Day System

  • #561
  • Feb 4, 2011 9:32am Feb 4, 2011 9:32am
Hi Cubbygood-is eur-yen a posible short-entry 111,80-stop-112,25-15 min and i see german 30 a 5 min signal and erostoxx 50 -but german stop out loss at news was the same-longsignal.
I only want know are this right signals?Thank you for answere.
  • #562
  • Feb 4, 2011 9:38am Feb 4, 2011 9:38am
I began trading this system on Monday. Have taken 8 trades; 7 winners, 1 loser. And the loser was my mistake cause I got in 5 minutes before news release, the spread widened and took me out. I just forgot to check schedule.

Anyways, what I've learned this time around is not to overtrade. I chose my trades very carefully. Cubby's system helps me focus in doing that. Those MAs keep me out of ranges, and get me into trends. I never liked indicators before, but I do now!!!

A chat room is a great idea. Only discuss upcoming trades and trade management as they run. No questions about rules allowed. That's for the thread. It would be more of a focus group.

Thanks Cubby for a great week. Glad you had a good one too!
"Be the change that you wish to see in the world." --Gandhi
  • #563
  • Feb 4, 2011 9:39am Feb 4, 2011 9:39am
Quoting jon0
Hi Cubbygood-is eur-yen a posible short-entry 111,80-stop-112,25-15 min and i see german 30 a 5 min signal and erostoxx 50 -but german stop out loss at news was the same-longsignal.
I only want know are this right signals?Thank you for answere.

having trouble making sense of your question... this is the last signal I see on EJ and it hit profit already...
  • #564
  • Feb 4, 2011 9:42am Feb 4, 2011 9:42am
I closed all positions 1% on my account from eu 1% from gu, I risked 2% per trade. About 30 pips overall.

Do you really risk 5% per trade?^^
I found a penny today. That's +100 pips for me.
  • #565
  • Feb 4, 2011 9:42am Feb 4, 2011 9:42am
Quoting Cubbybgood
Possible test here of last 5 min swing level. 1.35937

Don't get emotional. Stay strong fellas.
What is the best swing high to put sl above if it breaks the swing low? 1.3594? it seems the last swing high but a new one seems to be forming am i correct?
  • #566
  • Feb 4, 2011 9:43am Feb 4, 2011 9:43am
Hi there,

Question for Cubby if that is ok.

You may have a situation where by a candle takes out a high but the cci us not above 90.

You then get another candle straight after that also takes out the high but cci remains below 90.

On the next candle this takes out the high and cci is above 90.

Is this still a valid entry on the 3rd candle or would you suggest that as it is struggling to take out the high you would leave it alone and wait for next signal?
  • #567
  • Feb 4, 2011 9:43am Feb 4, 2011 9:43am
Quoting Wally1953
I began trading this system on Monday. Have taken 8 trades; 7 winners, 1 loser. And the loser was my mistake cause I got in 5 minutes before news release, the spread widened and took me out. I just forgot to check schedule.

Anyways, what I've learned this time around is not to overtrade. I chose my trades very carefully. Cubby's system helps me focus in doing that. Those MAs keep me out of ranges, and get me into trends. I never liked indicators before, but I do now!!!

A chat room is a great idea. Only discuss upcoming trades and trade management...

Wally, grea to see you still here!

You were one of the first people to actually try the system.
Glad to here you had a good week. Great win % as well. I made a couple mistakes on the demo account I was trading for the thread. Still in massive profit though.

To all thread readers!!!!
Make sure not to have any trades carry threw the weekend unless it's a 4 hour entry!!
  • #568
  • Feb 4, 2011 9:47am Feb 4, 2011 9:47am
Quoting rare
What is the best swing high to put sl above if it breaks the swing low? 1.3594? it seems the last swing high but a new one seems to be forming am i correct?

keep your SL where it was sense taking the trade. A lot of members like to protect there profit but I stick to my original plan of where to put stops and that's at the last swing level after taking the trade.

Looks like new 5 min swing level just formed a few minutes ago.
  • #569
  • Feb 4, 2011 9:47am Feb 4, 2011 9:47am
Til how late do you trade on Fridays? I ve never traded on Fridays before!

It is starting to look slow to me^^


There is EU about to have a valid entry, but I have no knowledge about Fridays. Will it move it down further?
I found a penny today. That's +100 pips for me.
  • #570
  • Feb 4, 2011 9:51am Feb 4, 2011 9:51am
Quoting Cubbybgood
yes, I took this 1 hour trade yesterday. My first target is 1.3513
Hi cubby,

Could you explain why you shorted eur/usd on hourly when the eur/usd on the daily was not confirming?
  • #571
  • Feb 4, 2011 9:51am Feb 4, 2011 9:51am
Quoting ReaM
I closed all positions 1% on my account from eu 1% from gu, I risked 2% per trade. About 30 pips overall.

Do you really risk 5% per trade?^^
You jumped out to soon I think. I know you like to never turn a winning trade into a loser but you can miss out on a lot of pips though...

I am on the demo account but I do about 3% per trade just to be safe. I started out at 5% till my account grew. Now I like to play it safe.
  • #572
  • Feb 4, 2011 9:53am Feb 4, 2011 9:53am
How about reentering on 5m now Cubby, swing low broken 23 stop
  • #573
  • Feb 4, 2011 9:54am Feb 4, 2011 9:54am
Quoting ReaM
Til how late do you trade on Fridays? I ve never traded on Fridays before!

It is starting to look slow to me^^


There is EU about to have a valid entry, but I have no knowledge about Fridays. Will it move it down further?

I think it will but I dont want to make a bad call for you. You know where my 1 hour profit is so I expect that we will see overall down movement on the lower time frames slow or fast till my TP on 1 hour is hit at 1.35134.
  • #574
  • Feb 4, 2011 9:54am Feb 4, 2011 9:54am
Quoting Cubbybgood
You jumped out to soon I think. I know you like to never turn a winning trade into a loser but you can miss out on a lot of pips though...

I am on the demo account but I do about 3% per trade just to be safe. I started out at 5% till my account grew. Now I like to play it safe.
No, if I reenter right now, it would be the same as letting my profits run! And I reenter with only 0.5% risk (I have my own money management, if I win first trade, next trade will have lower risk, just not to end negative for the day)

But of course letting profits run is where huge gains can be made, thank you for saying that.
I found a penny today. That's +100 pips for me.
  • #575
  • Feb 4, 2011 9:55am Feb 4, 2011 9:55am
Quoting forex1962
How about reentering on 5m now Cubby, swing low broken 23 stop
I would....

TP is arround 11 pips on this sell

but if you want you could try and hit the 15 min sell mark from the earlier trade
  • #576
  • Feb 4, 2011 9:57am Feb 4, 2011 9:57am
Quoting ReaM
No, if I reenter right now, it would be the same as letting my profits run! And I reenter with only 0.5% risk (I have my own money management, if I win first trade, next trade will have lower risk, just not to end negative for the day)

But of course letting profits run is where huge gains can be made, thank you for saying that.

You have you're own money management plan. That's all I care about! As long as you have a plan and it's working for you keep it.
  • #577
  • Feb 4, 2011 9:59am Feb 4, 2011 9:59am
Quoting forex1962
How about reentering on 5m now Cubby, swing low broken 23 stop
Swing low is not broken by more than 1 pip, My pending order is right at where the current candle is!!! Still not touched it.

Pending order in my case 1 pip + half the spread (I do it this way)
Attached Image (click to enlarge)
Click to Enlarge Name: pending.jpg Size: 72 KB
I found a penny today. That's +100 pips for me.
  • #578
  • Feb 4, 2011 9:59am Feb 4, 2011 9:59am
Quoting Cubbybgood
I would....

TP is arround 11 pips on this sell

but if you want you could try and hit the 15 min sell mark from the earlier trade
132 stop on the 15m scares me!
  • #579
  • Feb 4, 2011 10:00am Feb 4, 2011 10:00am
Quoting Cubbybgood
yes, I took this 1 hour trade yesterday. My first target is 1.3513
Hi cubby,

Just a couple of questions if that is ok.

1. Could you explain why you shorted eur/usd on hourly yesterday when the eur/usd on the daily was not confirming?

2. You may have a situation where by a candle takes out a high but the cci us not above 90.

You then get another candle straight after that also takes out the high but cci remains below 90.

On the next candle this takes out the high and cci is above 90.

Is this still a valid entry on the 3rd candle or would you suggest that as it is struggling to take out the high you would leave it alone and wait for next signal?

I have posted previously under a different name as I forgot my pasword (then I remembered it)

Cant be dealing with my first posts being audited.
  • #580
  • Feb 4, 2011 10:00am Feb 4, 2011 10:00am
Hi Cubbygood-I have a loss Aud-usd- hour break out go back to the last swinglow-was that a correct trade?Thank you.
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