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GBP/USD - one trade a day

  • #281
  • Feb 4, 2011 12:02pm Feb 4, 2011 12:02pm
Quoting cgrey
I am cutting out early today for a 3-day weekend out of town with the family.

I will probably be around for a couple of hours this morning, but I definitely won't be checking in after noon today or over the weekend at all.

Good weekend to everyone... Monday we'll start to dig out of the hole that we've started February in.
Take care cgrey. Hope you and your family have a wonderful weekend. Hopefully we have a good week next week, but either way I think it's good that we have a bad stretch during testing so we can know what is possible.

Man I can't believe you're a Jets fan! I am a Dolphins fan so naturally we don't like the Jets. You're alright though cgrey. Actually, I didn't hate (for lack of better word) the Jets that much this year. I'm still a Jason Taylor fan and I also like LT and Sanchez. At first I didn't like Rex Ryan's brash personality, but I actually started to grow to like the guy this year.

See you all next week.
  • #282
  • Feb 4, 2011 1:51pm Feb 4, 2011 1:51pm
Quoting kSelukov
Hi, I have some question abaut todays traid. Why your stop loss was 30 pips?
candle open 1.6747 and sl was...1.6777.
kS, I happened to spot this only a few pages back.
http://www.forexfactory.com/showpost...&postcount=212

cheers scalpz
Target 2 : Stoploss in the green
  • #283
  • Feb 6, 2011 10:00pm Feb 6, 2011 10:00pm
Quoting cgrey


When Green Bay wins (I'm not a Packers fan, I just can't support the Steelers after they knocked the Jets out), all times used for this system will change to Central Standard Time in their honor.
cgrey,

I guess everyone will be setting their clocks to Central Standard Time, now!

Packers are Champs,
Bob in Wisconsin
  • #284
  • Feb 7, 2011 2:19am Feb 7, 2011 2:19am
another loss...

Target gain for February is now 18%...
  • #285
  • Feb 7, 2011 2:26am Feb 7, 2011 2:26am
OLARION
How do you get another loss when the hourly candle has about 35mins before it closes? Are you sure you are using 8am gmt candle?
  • #286
  • Feb 7, 2011 2:34am Feb 7, 2011 2:34am
SL was hit (20 pips). So the close of the hourly candle was obsolete.

I used the right candle, 8 am GMT.

Cheers,
Olarion
  • #287
  • Feb 7, 2011 2:38am Feb 7, 2011 2:38am
Quoting Olarion1975
SL was hit (20 pips). So the close of the hourly candle was obsolete.

I used the right candle, 8 am GMT.

Cheers,
Olarion
Yes...my results as well.
  • #288
  • Feb 7, 2011 3:26am Feb 7, 2011 3:26am
Sorry about that, still half asleep
  • #289
  • Feb 7, 2011 5:05am Feb 7, 2011 5:05am
Quoting 2+2=4ex
Man I can't believe you're a Jets fan! I am a Dolphins fan so naturally we don't like the Jets....
Yeah, too bad we won't be able to get along (kidding)...

January is usually a disappointing month for Jets fans... You can only say "there's always next year" so many times before you stop believing it...
  • #290
  • Feb 7, 2011 5:06am Feb 7, 2011 5:06am
Quoting Bobcat2
cgrey,

I guess everyone will be setting their clocks to Central Standard Time, now!

Packers are Champs,
Bob in Wisconsin
Congrats, Bob...
  • #291
  • Feb 7, 2011 5:07am Feb 7, 2011 5:07am
Quoting Olarion1975
another loss...

Target gain for February is now 18%...
Yeah - we'll chip away at it. Still a lot of time left in February...

During testing, there were many months that had a string of losses. The thing that is nice about it is, it only takes a few of the bigger winners to wipe the losses out. Hang in there....
  • #292
  • Edited Feb 8, 2011 10:42am Feb 7, 2011 8:10pm | Edited Feb 8, 2011 10:42am
I guess alot of people are not as excited as last week, lol. Anyway, you said it cgrey, just got to hang in there. I like to think that there will be streaks in our favor and when they do hit they will be nice since they won't be capped at 20+/- pips. I for one am glad we're getting to see this now. This might not even be that bad compared to some of the other bad streaks. Again though, it's all about hanging in there and following the rules like a machine.
  • #293
  • Feb 8, 2011 3:08am Feb 8, 2011 3:08am
today is a good day )
  • #294
  • Feb 8, 2011 3:08am Feb 8, 2011 3:08am
Good pippage today....

+35 pips....

This is a system that takes patience....not all traders have patience to wait day by day and survive to a losing stick...
Market is like a puzzle, YOU have to fit the pieces!!
  • #295
  • Feb 8, 2011 4:52am Feb 8, 2011 4:52am
Quoting Chris_B
This is a system that takes patience....not all traders have patience to wait day by day and survive to a losing stick...
Indeed..

And really, to be successful trading ANY system - patience is one of the keys. Right up there with money management. It is one of those things that separates the pros from the amateurs. Amateurs will over-trade, always feeling the need to be in a trade. Pros will pick their shots, going after only the best opportunities.

In my "real" trading, there are some months I take as few as 3 trades all month. Personally, I'd rather pull in 8% per month on only three really high percentage trades than on 20 "average" trades - few chances to lose.
  • #296
  • Feb 8, 2011 5:05am Feb 8, 2011 5:05am
Quoting 2+2=4ex
I for one am glad we're getting to see this now. This might not even be that bad to some of the other bad streaks. Again though, it's all about hanging in there and following the rules like a machine.
Yep - having some losses is definitely not unexpected. There were some rough months in testing, and even a few that ended up as losers. There is no system that never loses, and this certainly isn't one either. But sticking to it is key. If you decide to quit for the month, then make sure you can accept the loss and quit for the month. Don't go back 2-days later. Skipping days will practically guarantee you won't hit the monthly target. The day you skip will be the 60+ pip winner that would have wiped out all of the previous losses in the month...
  • #297
  • Feb 8, 2011 12:00pm Feb 8, 2011 12:00pm
Hi Cgrey and everyone,

1st of all would like to congratulate and thank cgray for a great system. I've just finished reading the thread and going to start trading live next week.

I have one question to everyone and I know crgray has specifically asked for no one to discuss this on his thread but is there someone or someplace where I can get a EA for this system. If anyone can help me out can you please PM me as I dont want to cause any disruption to this thread and the only reason I ask is because I work nightshift here in UK and dont get home until 9am so an EA would be great.

Best of luck to everyone

Cheers
Momo
  • #298
  • Feb 8, 2011 12:24pm Feb 8, 2011 12:24pm
Quoting momo2k11
Hi Cgrey and everyone,

1st of all would like to congratulate and thank cgray for a great system. I've just finished reading the thread and going to start trading live next week.

I have one question to everyone and I know crgray has specifically asked for no one to discuss this on his thread but is there someone or someplace where I can get a EA for this system. If anyone can help me out can you please PM me as I dont want to cause any disruption to this thread and the only reason I ask is because I work nightshift here in UK and dont get home...
You must have missed post #61 while reading through the thread...

Go in slowly if you're going to trade this live... There WILL be drawdown (we've been as low as 7% down already this month). Just want you to be prepeared, and adjust accordingly for your preference.
  • #299
  • Feb 8, 2011 2:07pm Feb 8, 2011 2:07pm
Hi Cgrey,

Thanks for the advice, I will be going in slow and I dont know how the hell i missed that post infact i read the thread twice I must be really tired after my nightshift, better get to my bed lol. Anyways thanks again.

Cheers
  • #300
  • Feb 8, 2011 3:18pm Feb 8, 2011 3:18pm
Quoting momo2k11
Hi Cgrey,

Thanks for the advice, I will be going in slow and I dont know how the hell i missed that post infact i read the thread twice I must be really tired after my nightshift, better get to my bed lol. Anyways thanks again.

Cheers
Good luck!
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