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On My Way To The Top

  • #1,001
  • Nov 5, 2011 12:46pm Nov 5, 2011 12:46pm
Quoting M_j
hi pmullin86

as you trade more with Alerts and live in another time zone.

I just had an idea: what do you think of something like that:
http://www.forexfactory.com/showthre...42#post5105242

[color=Blue]maybe I implement something like a Time SubALERT: meaning only in a defined Time Period Master Alerts are produced.

That might be actually quite useful. e.g. one wants to sleep during the Tokio session and only wake up with the first preferred chart setup in the London session.

[b]From your experience would that be something...

Hmm I never thought of that as an option but yes that would be something helpful...
No man is free who is not a master of himself. -P.M.-
  • #1,002
  • Nov 5, 2011 4:50pm Nov 5, 2011 4:50pm
Quoting pmullin86
Hmm I never thought of that as an option but yes that would be something helpful...
added: SubALERT: TimePeriodOne

http://www.forexfactory.com/showthre...76#post5105476
__Thanks__ MJ
  • #1,003
  • Nov 6, 2011 5:38am Nov 6, 2011 5:38am
pmullin86,

thanks for posting your trading progress in this fine journal.
I found it to be very inspiring.
Money is important, Love is essential.
  • #1,004
  • Nov 6, 2011 9:34pm Nov 6, 2011 9:34pm
Quoting Ati Baia
pmullin86,

thanks for posting your trading progress in this fine journal.
I found it to be very inspiring.

your welcome...glad you found it of some interest to you....
No man is free who is not a master of himself. -P.M.-
  • #1,005
  • Edited 10:22pm Nov 6, 2011 9:36pm | Edited 10:22pm
entries from friday that I left running...a long on the usd cad and a long on the usd chf...stopped out for -2% on usd cad and up about 4% on the usd chf but about to go ahead and close for that 4 percent... I chose not to re-enter the usd cad....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd chf 15 min.gif Size: 43 KB
Click to Enlarge Name: usdcad 15 minute.gif Size: 55 KB
No man is free who is not a master of himself. -P.M.-
  • #1,006
  • Edited 7:01am Nov 7, 2011 6:34am | Edited 7:01am
I never closed out the usd chf position and woke up to see that it ran up about 170 pips with my 30 pip stop so thats more than 1:5 r:r but really closing now for practically 1:4 r:r or 8%
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 52 KB
No man is free who is not a master of himself. -P.M.-
  • #1,007
  • Nov 7, 2011 7:17am Nov 7, 2011 7:17am
hi,

I can't seem to find where was your entry point.

BTW: would a 50% initial SL got hit?
__Thanks__ MJ
  • #1,008
  • Nov 7, 2011 7:26am Nov 7, 2011 7:26am
entry point...and nope 50 percent stop loss wouldnt be hit and would have doubled profit to 16 percent if i have your idea correct....
I entered at 19 42 my chart time.....so before this candle closed...
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf entry candle.gif Size: 51 KB
No man is free who is not a master of himself. -P.M.-
  • #1,009
  • Nov 7, 2011 7:45am Nov 7, 2011 7:45am
Quoting pmullin86
entry point...and nope 50 percent stop loss wouldnt be hit and would have doubled profit to 16 percent if i have your idea correct....
I entered at 19 42 my chart time.....so before this candle closed...

That's the idea - double it up, double it up (but only after you did the statistic of your past trades...who knows it might not work out at all..)



Very nice entry, (only rope could have been tighter)

The pivot I assume is from today - so we don't know how it looked on Friday?

Note exactly sure how the 19:42 translate to Friday's closing time: (might be a bit late for my liking to open a new trade)


Note for balrog:

That is what I meant in the post back
http://www.forexfactory.com/showthread.php?p=5104374#post5104374
I thought that your entry point was quite far away from the retracement (MA lines).

- I like pmullin86 entry in regard to the MA stack.
__Thanks__ MJ
  • #1,010
  • Nov 7, 2011 8:04am Nov 7, 2011 8:04am
Quoting M_j
That's the idea - double it up, double it up (but only after you did the statistic of your past trades...who knows it might not work out at all..)



Very nice entry, (only rope could have been tighter)

The pivot I assume is from today - so we don't know how it looked on Friday?

Note exactly sure how the 19:42 translate to Friday's closing time: (might be a bit late for my liking to open a new trade)


[color=Olive][u]Note for balrog:...
it was eighteen minutes away from fridays market close but I entered with the idea that most set ups that happen rightg into the Friday market close usually work out either gapping up or price just goes in that direction maybe after small gap in opposite direction...but from what I noticed in briefly just skimming through past entries...most stops at the fifty percent of original stop size would not be hit...didn't have time so much for snap shots and such but hopefully can get around to a bit of that today....but so far from what I've seen so good....now for forward demo testing the idea....
No man is free who is not a master of himself. -P.M.-
  • #1,011
  • Nov 7, 2011 8:26am Nov 7, 2011 8:26am
Quoting pmullin86
..but from what I noticed in briefly just skimming through past entries...most stops at the fifty percent of original stop size would not be hit...didn't have time so much for snap shots and such but hopefully can get around to a bit of that today....but so far from what I've seen so good....now for forward demo testing the idea....
If that is the case you have two option: double it up or trade just half a year and use the other half to spend it

Joke aside, even 15% position increase would mean a good part of additional profit.
If what you skip through holds - it is more than worthy to do a better statistic about it.


Looking forward to hear more of your experiment - maybe when you post new charts you might add such 50% SL outcome
__Thanks__ MJ
  • #1,012
  • Nov 7, 2011 8:40am Nov 7, 2011 8:40am
Quoting M_j
If that is the case you have two option: double it up or trade just half a year and use the other half to spend it

Joke aside, even 15% position increase would mean a good part of additional profit.
If what you skip through holds - it is more than worthy to do a better statistic about it.


Looking forward to hear more of your experiment - maybe when you post new charts you might add such 50% SL outcome
I will be adding 50% s/l outcome to new trades and it is very much so worthy of a statistic so I'm going to begin working on that throughout the week and post the spread sheet....
No man is free who is not a master of himself. -P.M.-
  • #1,013
  • Nov 7, 2011 8:55am Nov 7, 2011 8:55am
hi pmullin86,

Would you mind sharing which symbols do you actively watch for this system?

If you would choose only one symbol to trade: what would you pick?
Money is important, Love is essential.
  • #1,014
  • Nov 7, 2011 9:21am Nov 7, 2011 9:21am
Quoting Ati Baia
hi pmullin86,

Would you mind sharing which symbols do you actively watch for this system?

If you would choose only one symbol to trade: what would you pick?
I actively watch eu,gu,au,nzdusd,usdcad,usdchf sometimes eur gbp and sometimes eur jpy and I couldn't really pick one...I'm married to them all and love them all equally...
No man is free who is not a master of himself. -P.M.-
  • #1,015
  • Nov 7, 2011 10:02am Nov 7, 2011 10:02am
Hey Paul. What do you mean by a 50% stop loss? I'm a bit confused. I sent you a few questions in a PM but never heard back from you.

Quoting pmullin86
I actively watch eu,gu,au,nzdusd,usdcad,usdchf sometimes eur gbp and sometimes eur jpy and I couldn't really pick one...I'm married to them all and love them all equally...
Changing my life one pip at a time!
  • #1,016
  • Nov 7, 2011 10:23am Nov 7, 2011 10:23am
Quoting StayFocused
Hey Paul. What do you mean by a 50% stop loss? I'm a bit confused. I sent you a few questions in a PM but never heard back from you.
50 percent stop loss as we are referring to is taking the normal stop loss size and cutting it in half but trailing by what the full stop loss size would be...and I wrote you back that same day...that's odd you didn't get it
No man is free who is not a master of himself. -P.M.-
  • #1,017
  • Nov 7, 2011 11:14am Nov 7, 2011 11:14am
I'm going to post my trades from now on so that I can't hide behind the monitor when I don't follow the rules. My first trade was a buy on the nzdusd. This was not a valid trade as the 5min stochastic did not go below 50 for a buy. I would have save my account a 1% lost just by following that rule. The second trade was a buy on the usdcad. I believe it was a valid trade. I notice quite a bit of resistance on the 1hr so I closed the trade early at .5% profit. My last trade of the day was a bsb sell on the gpbusd. This was a valid trade per the rules I believe, but it was taken with a long bar and support on all time frames. So I ended the day with a little more then a 1.5% lost.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd.jpg Size: 195 KB
Click to Enlarge Name: usdcad.jpg Size: 196 KB
Click to Enlarge Name: gbpusd.jpg Size: 187 KB
  • #1,018
  • Nov 7, 2011 11:23am Nov 7, 2011 11:23am
Ok, thanks for clearing that up. Yeah that is weird, I just double checked and I did not get anything back from you. If you have time, just send your response again or you can just copy and paste it into an email and send it that way. I wonder why I did not receive it.

I gotta run and put in some more job applications so I will be back online later.

Quoting pmullin86
50 percent stop loss as we are referring to is taking the normal stop loss size and cutting it in half but trailing by what the full stop loss size would be...and I wrote you back that same day...that's odd you didn't get it
Changing my life one pip at a time!
  • #1,019
  • Nov 7, 2011 11:29am Nov 7, 2011 11:29am
three later entries....took a buy on the aud usd which resulted in a break even trade and also a buy on the nzd usd as a countertrend type of trade but during that trade a trend type of entry appeared and so I took that at 1% risk in which it ran up for just about 1:3 so I closed out for 1:2 or 2%...and for both the countertrend trades a half sized stop loss would have been hit but for the trend trade type of entry the half stop loss would not have been hit making it a 1:4 R;R closed trade which isnt bad...will keep testing....lol as the picture shows if one can make it out on the nzd usd...I did miss a nice countertrend sell on the nzd usd
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud break even.gif Size: 38 KB
Click to Enlarge Name: nzd usd entry 11 07 2011.gif Size: 42 KB
No man is free who is not a master of himself. -P.M.-
  • #1,020
  • Nov 7, 2011 2:59pm Nov 7, 2011 2:59pm
Quoting pmullin86
I actively watch eu,gu,au,nzdusd,usdcad,usdchf sometimes eur gbp and sometimes eur jpy and I couldn't really pick one...I'm married to them all and love them all equally...
Thanks a lot for taking time to respond.
Money is important, Love is essential.
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