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Profit All Day System

  • #761
  • Feb 7, 2011 5:42pm Feb 7, 2011 5:42pm
wow, what happens to the thread when I leave...

I made a nice profit today guys. Sounds like there was some losses on the thread today.

My trades.

EU 70% 17 pips
GU 70% 17 pips
EU 70% 6 pips
EU 70% 10 pips

GU 30% -10
EU 30% -15
EU 30% -10
EU 30% -4

You guys are really trying to hard... keep it simple and try to control the emotions....
  • #762
  • Feb 7, 2011 5:59pm Feb 7, 2011 5:59pm
Quoting Cubbybgood
wow, what happens to the thread when I leave...

I made a nice profit today guys. Sounds like there was some losses on the thread today.

My trades.

EU 70% 17 pips
GU 70% 17 pips
EU 70% 6 pips
EU 70% 10 pips

GU 30% -10
EU 30% -15
EU 30% -10
EU 30% -4

You guys are really trying to hard... keep it simple and try to control the emotions....
cubbygood,
With the winning figures you have quoted today, am I correct in stating your overall win was 23.3 pips for the four trades collectively.

Eg One EUR trade
.7 * 17 = 11.9
.3 * -10 = -3
---------------------
total win 8.9

If my calcs are correct, if you closed out all positions 100% you win 50 pips. Do you have stats on the extra 30% on whether they increase your profit or not?

You've mentioned you have run this system for the last year as a 2:1 R/R, do you have win %, and if so on how many trades?

Reading the thread with interest.

Cheers
  • #763
  • Feb 7, 2011 6:10pm Feb 7, 2011 6:10pm
Quoting ciscosmithy
cubbygood,
With the winning figures you have quoted today, am I correct in stating your overall win was 23.3 pips for the four trades collectively.

Eg One EUR trade
.7 * 17 = 11.9
.3 * -10 = -3
---------------------
total win 8.9

If my calcs are correct, if you closed out all positions 100% you win 50 pips. Do you have stats on the extra 30% on whether they increase your profit or not?

You've mentioned you have run this system for the last year as a 2:1 R/R, do you have win %, and if so on how many trades?

Reading the thread with interest....
I do not like sharing private trading stats. This is why I ran a demo for you guys last week along with my live account.

As you saw from the demo I banked 293 pips. Today was not a great day for the 30% of the remaining trades but you will find that over time the 30% of the remaining trades are what make this system great!
  • #764
  • Feb 7, 2011 6:12pm Feb 7, 2011 6:12pm
[quote=forex1962;4377190]
Quoting jon0
If you 'd put the correct stop in you should still be in the trade, don't rely on fractals use this indicator (credit to ferrufx)

whats so special about this indicator instead of fractals ?
  • #765
  • Feb 7, 2011 6:26pm Feb 7, 2011 6:26pm
Quoting Cubbybgood
I do not like sharing private trading stats. This is why I ran a demo for you guys last week along with my live account.

As you saw from the demo I banked 293 pips. Today was not a great day for the 30% of the remaining trades but you will find that over time the 30% of the remaining trades are what make this system great!

I appreciate your honesty about not sharing stats, and as you know being a trader for 4 years, one week doesn't make a season, but I will continue to follow with interest.

The only trade I saw last night on the 15 min / 1 hour before I called it a night is close to being stopped out for 71 pip loss, here's hoping it turns around.

I would only look at the 15min / 1 hour timeframe the other is to hectic.

If I may ask one question, with the longer timeframe, the stops are further, if you are in a short trade and it turns like the one I mentioned a few pages back and a long signal triggers what would the system do as you can't hedge.

Do you close out the original short trade and take the new long, or do you forgo the new long until the short has ran it's course?

Cheers
  • #766
  • Feb 7, 2011 6:27pm Feb 7, 2011 6:27pm
This is very similar to the bagovino system, which has proven very popular & profitable. I use an excellent Trade executer called "myfxconsole" which makes execution very easy, but as I cannot advertise on FF, send me a PM, I will give details where to get. Trade execution on MT4 can be very awkward at times.
But, yep, excellent method, just confirm trend on at least 3* time frame, eg if you trade 1 hr chart, confirm on 4.
Thanks CubbyBgood
  • #767
  • Feb 7, 2011 6:40pm Feb 7, 2011 6:40pm
Quoting bazza
This is very similar to the bagovino system, which has proven very popular & profitable. I use an excellent Trade executer called "myfxconsole" which makes execution very easy, but as I cannot advertise on FF, send me a PM, I will give details where to get. Trade execution on MT4 can be very awkward at times.
But, yep, excellent method, just confirm trend on at least 3* time frame, eg if you trade 1 hr chart, confirm on 4.
Thanks CubbyBgood

I know this system. Heard about it about 6 months ago. Very good system! Didnt really fit my trading style though.
  • #768
  • Feb 7, 2011 7:13pm Feb 7, 2011 7:13pm
I bought this system about a year ago, the exact system & it is very encouraging to see that someone is actually profiting from it, Was worth paying for, his tech support is very good, despite his poor English,
Bazza
  • #769
  • Feb 8, 2011 12:48am Feb 8, 2011 12:48am
Quoting forex1962
Thats interesting, but how many emas and s/r do we have to go by, I thought the idea was to ignore them with this set up?

Good morning

Just checked the GU chart and your trade would have just hit tp without triggering a s/l set 1 pip below point 1.
  • #770
  • Feb 8, 2011 1:34am Feb 8, 2011 1:34am
Is this a loss?
(15 min was OK)
Attached Image (click to enlarge)
Click to Enlarge Name: eu 07.02.2011.gif Size: 41 KB
  • #771
  • Feb 8, 2011 1:47am Feb 8, 2011 1:47am
hopefully i have picked up the right setup this time ??
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 136 KB
  • #772
  • Feb 8, 2011 1:48am Feb 8, 2011 1:48am
Quoting deforexit
Is this a loss?
(15 min was OK)
you're right, but the exit needs to be done before SL
Attached Image (click to enlarge)
Click to Enlarge Name: eu 07.02.2011.gif Size: 45 KB
  • #773
  • Feb 8, 2011 2:15am Feb 8, 2011 2:15am
bought cable aswell earlier when setup formed but stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 139 KB
  • #774
  • Feb 8, 2011 2:26am Feb 8, 2011 2:26am
If Cable breaks 1.6133 and the intraday trend begins to form on the 15min chart, then a short may be viable depending on PA of course and if it breaks lower lows. We will see................

Also EU is looking good for a buy, but for me it must break above 13660 to be viable. Good luck with your trading.

Just my opinion.
Trade the price action, not the cash!!!
  • #775
  • Feb 8, 2011 2:37am Feb 8, 2011 2:37am
I have read the entire thread so I totally understand the system. However my first three trades on this system have all been losses!

All GBPUSD on 5m/15m
Trade 1: 16:35 7th Feb Long 1.6127 SL 1.6100 TP 1.6141
Trade 2: 17:15 7th Feb Short 1.6102 SL 1.6119 TP 1.6093
Trade 3: 07:25 8th Feb Long 1.6162 SL 1.6139 TP 1.6173

All set ups fitted the rules as far as I can tell. Any thoughts as I find it odd i've beaten Cubby's losing streak of 2 trades in one go!?

Trade 2 was very close.
  • #776
  • Feb 8, 2011 2:40am Feb 8, 2011 2:40am
Quoting Scullmeister
If Cable breaks 1.6133 and the intraday trend begins to form on the 15min chart, then a short may be viable depending on PA of course and if it breaks lower lows. We will see................

Also EU is looking good for a buy, but for me it must break above 13660 to be viable. Good luck with your trading.

Just my opinion.
I was waiting to go long on cable at 6160..........who knows!
  • #777
  • Feb 8, 2011 2:48am Feb 8, 2011 2:48am
Quoting forex1962
I was waiting to go long on cable at 6160..........who knows!
I agree, but for me due to the retrace down, then i would like to see a nice 15min trend form upwards again for a viable buy at 6160, but i totally see where your coming from. I would look at taking profits at 6176-ish, if the move is strong, take profit at 6184-ish. For me depending on 15min trend, cable short is still viable if it breaks 6133.
Trade the price action, not the cash!!!
  • #778
  • Feb 8, 2011 2:52am Feb 8, 2011 2:52am
Quoting Scullmeister
I agree, but for me due to the retrace down, then i would like to see a nice 15min trend form upwards again for a viable buy at 6160, but i totally see where your coming from. I would look at taking profits at 6176-ish, if the move is strong, take profit at 6184-ish. For me depending on 15min trend, cable short is still viable if it breaks 6133.
I'm still having problems finding correct entry times, easy to read all the signals, but actually when to get into the trend, I seem to either get in too early and it doesn't happen or too late and it reverses...lets hope todays better
  • #779
  • Feb 8, 2011 3:02am Feb 8, 2011 3:02am
can anyone xplain this please


70% of Take profit at ½ Stop loss value 30% at 3 EMA crossing up through
13 EMA (on 5m chart).?
  • #780
  • Feb 8, 2011 3:03am Feb 8, 2011 3:03am
Quoting forex1962
I'm still having problems finding correct entry times, easy to read all the signals, but actually when to get into the trend, I seem to either get in too early and it doesn't happen or too late and it reverses...lets hope todays better
If i have learnt anything in trading it is the fact that you do not need to make many pips daily to be successful. If you trade just 2 currency pairs and you make just +5 pips per day on each, so +10 pips in total daily, that's approx +200 pips per month, that is more than enough. So i simply take what i think are very good set ups (could be waiting for hours in front of the screen) and not be greedy. If i take +15 pips out of a +80 pip move, i'm happy as i've got mine. It took me a while to get this simple fact. Before i wasn't happy taking +5 pips profit on a trade, but now it's great, if i can do that per day on each pair, fantastic! So if you feel your late into a trend, then just take a small amount of pips near pivot, (R/S), levels and wait for next set up. Good luck......
Trade the price action, not the cash!!!
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