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  • #5,421
  • Jun 2, 2011 2:16pm Jun 2, 2011 2:16pm
Quoting Haifischzahn
It was because of my post. He is refunding all weekly losses unless my calculation is wrong and moreover he says, that he has no WEEKLY losses. (I interpret it with "intact")

I will post my results for this week tomorrow evening (gmt+1). So far I am 5 pips in minus. ( 2 times 2 pip SL, 1 time 1 pip SL and the rest BE)

Have a nice evening and see you tomorrow
Hi Haifischzahn!

I saw that he answered your question, but Tony also worked on a pip recovery method some time ago. It is a method how he recovers the lossed pips. I only want to know, is his method ready, and which method does he use?

Erkro
  • #5,422
  • Jun 3, 2011 7:11am Jun 3, 2011 7:11am
Epic win?
Attached Image (click to enlarge)
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  • #5,423
  • Jun 3, 2011 7:40am Jun 3, 2011 7:40am
Quoting [Sniper]
Epic win?
SL
Don't give up
  • #5,424
  • Jun 3, 2011 7:55am Jun 3, 2011 7:55am
Quoting geomink
SL
Got stopped out too. Did you see that price action? Damn, that was fast. Good thing I set mine to 0SL
  • #5,425
  • Jun 3, 2011 10:46am Jun 3, 2011 10:46am
Quoting Tony112
I'm refunding all weekly losses, hence, making your calculations false. At the end of the week my account is intact.
30.05.11: London: 0 pips (BE)
30.05.11: New York: -2 pips
31.05.11: London: -1 pip
31.05.11: New York: 0 pips (BE)
01.06.11: London: -2 pips
01.06.11: New York: 0 pips (BE)
02.06.11: London: 0 pips (BE)
02.06.11: New York: -2pips
03.06.11: London: 0 pips (BE)
03.06.11: New York: 0 pips (BE)

So this week totally -7 pips * 10 Dollars (1 lot)= 70 Dollars

So where is the mistake in my calculation? :-)
  • #5,426
  • Jun 4, 2011 9:39am Jun 4, 2011 9:39am
Quoting Haifischzahn
30.05.11: London: 0 pips (BE)
30.05.11: New York: -2 pips
31.05.11: London: -1 pip
31.05.11: New York: 0 pips (BE)
01.06.11: London: -2 pips
01.06.11: New York: 0 pips (BE)
02.06.11: London: 0 pips (BE)
02.06.11: New York: -2pips
03.06.11: London: 0 pips (BE)
03.06.11: New York: 0 pips (BE)

So this week totally -7 pips * 10 Dollars (1 lot)= 70 Dollars

So where is the mistake in my calculation? :-)
Refund at least 30$ on that manually and keep investing with a 600 pip TP, when you hit it one day you're gonna have about 5k - 6k in your account
Invest in alarm clocks
  • #5,427
  • Jun 4, 2011 3:34pm Jun 4, 2011 3:34pm
Hello, super interesting idea! I have live Oanda account and I would like to join your community and contribute in pushing the price into the right direction (as per post # 1)

However I got confused a little with the rules. The TP is 600 pips? SL is 2 pips? How do I determine "initial direction" at the open on 5 sec chart? How much would you suggest to risk per trade in % to account?

If you could please update the rules for me...

Wish you all much success and hope to post my Epic win soon
  • #5,428
  • Jun 5, 2011 2:59am Jun 5, 2011 2:59am
Quoting Tony112
Refund at least 30$ on that manually and keep investing with a 600 pip TP, when you hit it one day you're gonna have about 5k - 6k in your account

Ok, so no mistake in my calculation and no refund.
TP has changed to 600. When was your last 600 pips win? If it is not happening over a year I would also lose 5-6k.
  • #5,429
  • Jun 5, 2011 7:47am Jun 5, 2011 7:47am
Hi Tony,

I was reading a lot of pages from your thread...all i can say ..you made a nice trading journal and your perseverance is amaizing!

Keep up the good work!
DNTme
fokyou forexfactory
  • #5,430
  • Jun 5, 2011 11:06pm Jun 5, 2011 11:06pm
Quoting Haifischzahn
Ok, so no mistake in my calculation and no refund.
TP has changed to 600. When was your last 600 pips win? If it is not happening over a year I would also lose 5-6k.
well based on what you lost this week, you would have lost 1820$ in half a year/26 weeks, not bad... refund is important to preserve the account... cause if you reduce your account to 100$ even a 8888 pip run would not refund all losses
Invest in alarm clocks
  • #5,431
  • Jun 5, 2011 11:07pm Jun 5, 2011 11:07pm
Quoting DNTme
Hi Tony,

I was reading a lot of pages from your thread...all i can say ..you made a nice trading journal and your perseverance is amaizing!

Keep up the good work!
DNTme

Thanks, the perseverance is nourished by the knowledge of the potential of all this and also by all the negativity and struggle that exist in the world
Invest in alarm clocks
  • #5,432
  • Jun 6, 2011 1:59am Jun 6, 2011 1:59am
I'm trading my first open with you guys tonight.

Think the FOMC at 3:30am will cause people to hold out on the open? Less volatility, less push, likely loss, etc.

Loving the strategy. Two pip stop, quick move to break-even and large take profits.
Found a way to detect where the market will turn.
  • #5,433
  • Jun 6, 2011 2:01am Jun 6, 2011 2:01am
Hi JP,

Where will be your target, how many pips?



Quoting jpdwilson
I'm trading my first open with you guys tonight.

Think the FOMC at 3:30am will cause people to hold out on the open? Less volatility, less push, likely loss, etc.

Loving the strategy. Two pip stop, quick move to break-even and large take profits.
  • #5,434
  • Jun 6, 2011 2:06am Jun 6, 2011 2:06am
Quoting Adilius07
Hi JP,

Where will be your target, how many pips?
I think the head of this thread uses 140 pips plus at times. I'd, however, be looking for around 22 pips. 22 pips simply because the hit rate I'm assuming would provide me with the kind of returns I'm looking for given my risk appetite.

That said, -2 for the day.
Found a way to detect where the market will turn.
  • #5,435
  • Jun 6, 2011 2:21am Jun 6, 2011 2:21am
Quoting jpdwilson
I think the head of this thread uses 140 pips plus at times. I'd, however, be looking for around 22 pips. 22 pips simply because the hit rate I'm assuming would provide me with the kind of returns I'm looking for given my risk appetite.

That said, -2 for the day.
Oh, well don't know. To me it seems that -2 SL is like 98% chance of it being hit within seconds of your entry, and thus 30-40 Stops in a row are O.K.
That's why I thought of something like 600 pips TP.

Not that I discourage you or something, just my 2 cents.

Good trading to you!
  • #5,436
  • Jun 23, 2011 1:18am Jun 23, 2011 1:18am
  •  Ckp
  • | Joined Aug 2010 | Status: Master ur EXIT. Entry is secondary. | 29 Posts
Hi Tony

Nice thread. Been testing this method for two weeks now. Tokyo and London open. Still struggling to breakeven but think it has potential. One has to be very selective in entering trades. Watching the tick chart sure gives you a feel for the market. More screen time will definitely help.

You have not been posting your trades, so i cant really compare my results with yours. Are you still trading this method? Do you plan to post your trades again? Would be nice...

Regards
CKP
  • #5,437
  • Jul 5, 2011 2:40pm Jul 5, 2011 2:40pm
Hey Tony!!

Where are you?!?!?

Are you trading again with this system??

Is it profitable again?

Anyone please could tell me if is profitable?

Many thanks
Don't give up
  • #5,438
  • Jul 13, 2011 3:32pm Jul 13, 2011 3:32pm
Quoting geomink
Hey Tony!!

Where are you?!?!?

Are you trading again with this system??

Is it profitable again?

Anyone please could tell me if is profitable?

Many thanks

Is this thread dead?

End of profitability?

Anyone can post something please?

Thanks
Don't give up
  • #5,439
  • Jul 14, 2011 8:26am Jul 14, 2011 8:26am
Ok, I think I have to say something here.

I am half pro trader. What I see on this forum (and also in this thread) is that BACKTESTING is almost never made, but strategies are rated 5 stars.

Why ? I tested some of these strategies (extreme low SL and High TP) and guess what ? Breakeven at the end.(no, I forgot the spreadcosts, commissions...)

Why ? Because the forexmarket is so well balanced that you cannot earn with such a simple strategy without a filter.

@Haifischzahn: Hello Bro, nice to see someone's really interested in looking for statistical review. I will send you a pm.

Tony's system: Tony's system has one big advantage and one big disandvantage.
The advantage is that markets are full of orders (no slippage, good filling, low spreads and costs).
This is also the big problem of Tony's system: The market is so professional that simple systems just don't work. There are other reasons which makes breakout systems really annoying (in some way profitable, yes) on a market like forex.
Always keep in mind that on forex it DOES NOT matter whether you go long or short. If you change the pair (e.g. Eur/usd -> Usd/eur) you have no different psychological process...think about it.

May be someone is willing to post at least 100 trades and a chance/risk(reward) ratio. Maximum 1.25 (may forecast) (means: +12500 $ / -10000$ )
  • #5,440
  • Jul 14, 2011 8:32am Jul 14, 2011 8:32am
Quoting JackintheBox
Ok, I think I have to say something here.

I am half pro trader. What I see on this forum (and also in this thread) is that BACKTESTING is almost never made, but strategies are rated 5 stars.

Why ? I tested some of these strategies (extreme low SL and High TP) and guess what ? Breakeven at the end.(no, I forgot the spreadcosts, commissions...)

Why ? Because the forexmarket is so well balanced that you cannot earn with such a simple strategy without a filter.

@Haifischzahn: Hello Bro, nice to see someone's really...
well if 2% of your account is at risk per 2 pips a day... your statistically disadvantaged to deal with even the smallest amount of consecutive loses...
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