Profit All Day System | Page 57 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA "Close all positions at profit target" closed all positions at loss ? 9 replies

Simple scalping system, all red or all green 101 replies

Day Trading system - Simple system to make money 51 replies

Profit All Day with Retracement - EA development 42 replies

Looking for EA to close all Buy Or all Sell trades when in profit 0 replies

Attachments: Profit All Day System
Exit Attachments

Profit All Day System

  • #1,121
  • Feb 15, 2011 6:16am Feb 15, 2011 6:16am
Valid buy - All triggers indicating a buy according to Cubbys rules, please take a look at the file attached.
Auto
Attached Image (click to enlarge)
Click to Enlarge Name: Valid gbpusd buy 15_02_2011.jpg Size: 53 KB
  • #1,122
  • Feb 15, 2011 6:24am Feb 15, 2011 6:24am
Quoting whatfx
there was a sell signal on GU at around 10.45 am alpari time, which was a loser. did anyone enter that ?
First WhatFx What time frames do you use? I use the 5 min and 15 min but I know some people like to use different tfs. Please always state which tfs first and then we can maybe see the trades more clearly. Just so you know according to the cubbys rules using the 5 min and 15 min method there was NOT a valid signal as there wasnt a sufficient enough gap between the EMAs on the 15 min chart.
Regards
A
  • #1,123
  • Feb 15, 2011 6:33am Feb 15, 2011 6:33am
Quoting whatfx
there was a sell signal on GU at around 10.45 am alpari time, which was a loser. did anyone enter that ?

Yes, it was a M5 loser. I looked at it but never took it, because of the news.

The whole downfall in the morning was because of the News. French GDP was half of the expected value, so the EU started to fall like a stone, because everyone expected Germany's GDP to be much smaller than expected. As it turned out to be not the case. The pair started to turn around.

EU and GU are heavily correlated, but GU never fell like EU, so you shouldnt have entered there...

That was the reason I did not take that trade. I stared at it, but never took it, as I expected (because of the news) the both to rise and I was right.

You can't blame the strategy. Always blame yourself, only that way things work...

I missed morning trades by 10 minutes, I blame myself for that.

I still agree, that was a loss, but compared to the rest of the morning it would not matter.
I found a penny today. That's +100 pips for me.
  • #1,124
  • Feb 15, 2011 6:42am Feb 15, 2011 6:42am
hello all,

i dont know how to post charts.

the sell signal was on the 5m chart. all conditions were met. the time was around 9.45 GMT which i belive is 05.45 am new york time.

i then looked at the 15m chart. conditions met there too.

sell therefore valid. but stopped out. - 35 pips.

not sure what realM is saying, but we cannot predict what news will come out.
  • #1,125
  • Feb 15, 2011 6:47am Feb 15, 2011 6:47am
9.45 gmt, no 1 2 3 so no trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #1,126
  • Feb 15, 2011 6:49am Feb 15, 2011 6:49am
Quoting ReaM
Yes, it was a M5 loser. I looked at it but never took it, because of the news.

The whole downfall in the morning was because of the News. French GDP was half of the expected value, so the EU started to fall like a stone, because everyone expected Germany's GDP to be much smaller than expected. As it turned out to be not the case. The pair started to turn around.

EU and GU are heavily correlated, but GU never fell like EU, so you shouldnt have entered there...

That was the reason I did not take that trade. I stared at it, but never took...





NO. the news came out at 10.am GMT. and was negative news. so should have profited the 9.45 gmt trade. that trade was a sell. negative news = sell. most of the times.

but got stopped out.
  • #1,127
  • Feb 15, 2011 6:51am Feb 15, 2011 6:51am
Quoting Vantage
9.45 gmt, no 1 2 3 so no trade.


1 2 3 ??


i was following cubbys original rules.
  • #1,128
  • Feb 15, 2011 6:52am Feb 15, 2011 6:52am
Quoting whatfx
hello all,

i dont know how to post charts.

the sell signal was on the 5m chart. all conditions were met. the time was around 9.45 GMT which i belive is 05.45 am new york time.

i then looked at the 15m chart. conditions met there too.

sell therefore valid. but stopped out. - 35 pips.

not sure what realM is saying, but we cannot predict what news will come out.
ah, I see it now, those ones catch me out as well, but not this morning as I'm just watching for a while, as I'm getting far too many losers.
Steve.
  • #1,129
  • Feb 15, 2011 6:56am Feb 15, 2011 6:56am
Attached Image (click to enlarge)
Click to Enlarge Name: gu_tradeh1.gif Size: 19 KB


trade on yellow line?
  • #1,130
  • Feb 15, 2011 7:17am Feb 15, 2011 7:17am
Quoting whatfx
hello all,

i dont know how to post charts.

the sell signal was on the 5m chart. all conditions were met. the time was around 9.45 GMT which i belive is 05.45 am new york time.

i then looked at the 15m chart. conditions met there too.

sell therefore valid. but stopped out. - 35 pips.

not sure what realM is saying, but we cannot predict what news will come out.
Hi WhatFx,
Unfortunately conditions were NOT met on the 15m. I am not here to be a know it all but the 15m chart didnt show a large enough gap. As you gain more experience with price movement and with this method you will start to learn to see good valid signals and filter out the border line ones etc. You'll still hit losses along the way just fewer.
A
  • #1,131
  • Feb 15, 2011 7:18am Feb 15, 2011 7:18am
Quoting whatfx
1 2 3 ??


i was following cubbys original rules.
Check 5m chart for latest swing low.

Check EMAs all heading down and spacing apart on 15m chart.

Enter trade on next break point on 5m chart when CCI is below 90 CCI
(not important in 15m chart)

ie the latest swing low is the 2 point of a 1 2 3 low, the next break of low would be a sell of that 2 point.
  • #1,132
  • Feb 15, 2011 7:27am Feb 15, 2011 7:27am
Quoting Vantage
Check 5m chart for latest swing low.

Check EMAs all heading down and spacing apart on 15m chart.

Enter trade on next break point on 5m chart when CCI is below 90 CCI
(not important in 15m chart)

ie the latest swing low is the 2 point of a 1 2 3 low, the next break of low would be a sell of that 2 point.

i dont get the last bit . can you provide a chart example ?

also, when the 5m breaks the latest swing low, you cannot enter unless cci is below 90, right ?

in which case you need to wait for the cci to go below 90. this could take another 5-10 mins, but by this point would it not be too late ?

on 15m you cannot wait for the emas to be spacing apart, this could take too long and by which time the trade would be reversing. i find all you need is for the emas on 15m to cross each other and pointing in the required direction. at this stage the 5m should also have a valid signal.

if you wait for the ema on 15m to be spaced out well, it will be too late, by this time the signal on the 5m would have ended...
  • #1,133
  • Feb 15, 2011 7:39am Feb 15, 2011 7:39am
Quoting Vantage
Check 5m chart for latest swing low.

Check EMAs all heading down and spacing apart on 15m chart.

Enter trade on next break point on 5m chart when CCI is below 90 CCI
(not important in 15m chart)

ie the latest swing low is the 2 point of a 1 2 3 low, the next break of low would be a sell of that 2 point.
Hi Vanatage,

Could you tell me where you found this rule for cubbys system?

ie the latest swing low is the 2 point of a 1 2 3 low, the next break of low would be a sell of that 2 point.

Cubby advises that he just uses last swing high/low - not necessarily this set up.
  • #1,134
  • Feb 15, 2011 7:42am Feb 15, 2011 7:42am
Quoting whatfx
i dont get the last bit . can you provide a chart example ?

also, when the 5m breaks the latest swing low, you cannot enter unless cci is below 90, right ?

in which case you need to wait for the cci to go below 90. this could take another 5-10 mins, but by this point would it not be too late ?

on 15m you cannot wait for the emas to be spacing apart, this could take too long and by which time the trade would be reversing. i find all you need is for the emas on 15m to cross each other and pointing in the required direction. at this stage the...
Left arrow down point 1 on 1 2 3. The line at 60115 is your 2 point, the latest swing low. You would enter on next break of swing low where 15 min ma's good angle and 5 min cci below 90.

In this case it fails, but its right on London open and there's massive buy divergence. Yes I know rules don't mention LO and divergence.

Oh and your chances of price breaking a 5 min swing low with good angle on 15 ma's and cci not being below 90 is very, very low.

Yes there will be some trades where 15 min is not spaced, that wouldn't be a trade with this method thats all. Might be a perfectly good trade on other methods.

The right arrow down. price doesn't go below the last swing low so no trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 13 KB
  • #1,135
  • Feb 15, 2011 7:47am Feb 15, 2011 7:47am
Quoting ACartwright
Hi Vanatage,

Could you tell me where you found this rule for cubbys system?

ie the latest swing low is the 2 point of a 1 2 3 low, the next break of low would be a sell of that 2 point.

Cubby advises that he just uses last swing high/low - not necessarily this set up.
Its not written but thats what the set up is. You have a swing low ie a 2 point and trade the next break when rules agree. If you are trading the next break thats what you have ie a sell of 2 point on 1 2 3.
  • #1,136
  • Feb 15, 2011 7:53am Feb 15, 2011 7:53am
GBPUSD trade hit TP 70% + 43 pips. 30% still running. eurusd trade went to within 3 pips of hitting full SL now it is only down 5 pips however will be interesting to see what happens next.
Regards
A
  • #1,137
  • Feb 15, 2011 8:00am Feb 15, 2011 8:00am
Quoting Vantage
Its not written but thats what the set up is. You have a swing low ie a 2 point and trade the next break when rules agree. If you are trading the next break thats what you have ie a sell of 2 point on 1 2 3.
Vantage,

Do you trade the candle if it is showing that the -90/+90 will be broken or do you make sure that the previuos candle has broken these points?
  • #1,138
  • Feb 15, 2011 8:00am Feb 15, 2011 8:00am
1hour time frame gbp/usd long trade signal was given, trend confirmed on 4h
tp is +85, SL-170
Attached Image (click to enlarge)
Click to Enlarge Name: 15feb11cable.png Size: 35 KB
Don't have an ego. Always question yourself and your ability.
  • #1,139
  • Feb 15, 2011 8:07am Feb 15, 2011 8:07am
Quoting ACartwright
Vantage,

Do you trade the candle if it is showing that the -90/+90 will be broken or do you make sure that the previuos candle has broken these points?
You never know if a 90 level will be broken. So 90 level must be hit on the candle that breaks the last swing high/low.
  • #1,140
  • Feb 15, 2011 8:12am Feb 15, 2011 8:12am
Sry, whatfx,

I can't find your trade. I believe I know which one it is, but times are not correct.

It was a POSITIVE news for EUR, so it would send EUR higher!

The market expected the GDP to be much lower and send EU far south. But as it turned out, it was not the case, EU was heavily oversold (meaning there was no reason for EU to fall at all, so it shot back up)
I found a penny today. That's +100 pips for me.
3 traders viewing now