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Profit All Day System

  • #581
  • Feb 4, 2011 10:00am Feb 4, 2011 10:00am
Quoting ReaM
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)

It broke on my charts by 1.4 pips
  • #582
  • Feb 4, 2011 10:02am Feb 4, 2011 10:02am
Quoting jon0
Hi Cubbygood-I have a loss Aud-usd- hour break out go back to the last swinglow-was that a correct trade?Thank you.

pic please on where you entered.
  • #583
  • Feb 4, 2011 10:07am Feb 4, 2011 10:07am
Quoting Cubbybgood
pic please on where you entered.
price 1,0198-2 pips below the swinghight-sorry my english is not good-austria
  • #584
  • Feb 4, 2011 10:07am Feb 4, 2011 10:07am
Quoting jon0
Hi Cubbygood-I have a loss Aud-usd- hour break out go back to the last swinglow-was that a correct trade?Thank you.

I see the break on the 1 hour. I' not sure that the spacing of the ema's on the 4 hour chart was enough for it to be a valid signal. This is a hard trade to judge now.

None the less, I hope you took the 15 min signal right after for 25 pips. It just hit TP.
  • #585
  • Feb 4, 2011 10:13am Feb 4, 2011 10:13am
Quoting forex1962
132 stop on the 15m scares me!

yeah, the 110 pips stop right?

yeah, entereing this late on the signal using the 15 min stop would not be a great win loss ratio. hope 1.35666 swing holds for ya though.
  • #586
  • Feb 4, 2011 10:13am Feb 4, 2011 10:13am
Quoting jon0
price 1,0198-2 pips below the swinghight-sorry my english is not good-austria
*Er will, dass Du ihm das Bild zeigst von deiner AUD Transaktion.*

That's for Austrians^^
I found a penny today. That's +100 pips for me.
  • #587
  • Feb 4, 2011 10:14am Feb 4, 2011 10:14am
What do we do about closing trades for the weekend, what if we're not in profit, should we close at the end of NY?
  • #588
  • Feb 4, 2011 10:15am Feb 4, 2011 10:15am
Quoting ACartwright
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....
I think you need to re-read the trading instructions. because a 1 hour trade is confirmed on the 4 hour chart.
  • #589
  • Feb 4, 2011 10:18am Feb 4, 2011 10:18am
Quoting forex1962
What do we do about closing trades for the weekend, what if we're not in profit, should we close at the end of NY?
yes, close out even if not in profit unless you took the trade on the 4 hour or higher. It's questionable with the 1 hour but I usualy take out my trade if not in profit. I dont want big jumps during the weekend. Also wierd things happen on sunday open sometimes.
  • #590
  • Feb 4, 2011 10:23am Feb 4, 2011 10:23am
When do losing trades happen and why?

1. News
2. unsure trend or where price wants to head.
3. current trend is ending causing the last swing level to break for a loss.
  • #591
  • Feb 4, 2011 10:25am Feb 4, 2011 10:25am
my skype id is kescha1stas2

we can try to have a chatroom next week? Unless you guys want IRC.
I found a penny today. That's +100 pips for me.
  • #592
  • Feb 4, 2011 10:26am Feb 4, 2011 10:26am
Quoting ReaM
my skype id is kescha1stas2

we can try to have a chatroom next week? Unless you guys want IRC.
does everybody have to have a skype name or can they just join a channel
  • #593
  • Feb 4, 2011 10:27am Feb 4, 2011 10:27am
Stopped out on EU, what a bummer!
  • #594
  • Feb 4, 2011 10:29am Feb 4, 2011 10:29am
Hey, Cubby, do you enter exactly 1 pip? Because having more than a pip (I had 1,5 ip pending order) just saved me from a loss^^


I dont know, someone mentioned skype, so I posted my ID, yes, one has to have a skype ID.
I found a penny today. That's +100 pips for me.
  • #595
  • Feb 4, 2011 10:29am Feb 4, 2011 10:29am
Quoting Cubbybgood
I think you need to re-read the trading instructions. because a 1 hour trade is confirmed on the 4 hour chart.
Thanks for clarifying.

I thought i saw somewhere that you do not use the 30min of 4h charts.

Excellent strategy - will follow with interest.
  • #596
  • Feb 4, 2011 10:30am Feb 4, 2011 10:30am
Thanks to Cubby,
Attached Image (click to enlarge)
Click to Enlarge Name: profit_all_day_01.gif Size: 14 KB
  • #597
  • Feb 4, 2011 10:33am Feb 4, 2011 10:33am
Quoting forex1962
Stopped out on EU, what a bummer!

This can sometimes happen on the lower time frames. What price will do is look towards next highest high and even to the next HH on the next highest time frame.

Sucks, That's why I some times hate making calls for members because If it's a loss then it's kinda on my shoulders for making the call.

Just happened to be the end of the trend on the 5 minute time frame.
  • #598
  • Feb 4, 2011 10:33am Feb 4, 2011 10:33am
Quoting forex1962
Stopped out on EU, what a bummer!


From my experience, the third trade is always the worst, the second usually the best. The first is normaly not reflected in M15 chart so we never take it.

It is the three Elliot waves, the third is usually the last one.

The trend was to an end, but I would have taken the trade, you saw my screen of pending order. But I had a M15 loss in the morning, so, we probably all have a loss today. My profit for today is 2 dollars (two wins one loss)
I found a penny today. That's +100 pips for me.
  • #599
  • Feb 4, 2011 10:33am Feb 4, 2011 10:33am
Stopped out on EU M5. Bad luck? Trend died, I guess.
  • #600
  • Feb 4, 2011 10:34am Feb 4, 2011 10:34am
Quoting Cubbybgood
This can sometimes happen on the lower time frames. What price will do is look towards next highest high and even to the next HH on the next highest time frame.

Sucks, That's why I some times hate making calls for members because If it's a loss then it's kinda on my shoulders for making the call.

Just happened to be the end of the trend on the 5 minute time frame.
Hey, my decision, not a problem, just hope the next one runs good!, see you monday........
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