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  • #5,881
  • Jan 23, 2012 1:58am Jan 23, 2012 1:58am
i actually woke up before the alarm...
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  • #5,882
  • Jan 23, 2012 2:04am Jan 23, 2012 2:04am
wow it came back, let's call it a night... see ya in 5 hours
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  • #5,883
  • Jan 23, 2012 2:07am Jan 23, 2012 2:07am
Quoting Dreamliner
Tony, have you kept records as to your "hit rate" using 2 pip sl and 400 pip tp? I would imagine that you've not hit the 400 but a few times over the past several years?
just recently started 400, I've hit it twice already
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  • #5,884
  • Jan 23, 2012 2:10am Jan 23, 2012 2:10am
the 1st candle wasn't a long one? btw it would have taken the sl anyway
  • #5,885
  • Jan 23, 2012 6:26am Jan 23, 2012 6:26am
Quoting Tony112
just recently started 400, I've hit it twice already
OK, any thoughts on the question about trend asked earlier? You just ignore it?
  • #5,886
  • Jan 23, 2012 7:04am Jan 23, 2012 7:04am
Quoting Dreamliner
My strongest opposition to this strategy is that a good percentage of the time you are trading against the trend. A good example is the trades that Tony has lost lately have been short EUR/USD but that pair has been in an uptrend since early January.
trends are not eternal, I don't complicate my mind with trends anymore
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  • #5,887
  • Jan 23, 2012 7:08am Jan 23, 2012 7:08am
Another 20 pips TP just hit through a nice run that started 10 sec before the NYO. I got three so far since late Nov (Dec was a slow month though) and several BEs.
r u ready?
  • #5,888
  • Jan 23, 2012 7:21am Jan 23, 2012 7:21am
You just use a 20 pip target? What is your stop loss? 2 pips?

Quoting rtrs111
Another 20 pips TP just hit through a nice run that started 10 sec before the NYO. I got three so far since late Nov (Dec was a slow month though) and several BEs.
  • #5,889
  • Jan 23, 2012 9:48am Jan 23, 2012 9:48am
Quoting Dreamliner
You just use a 20 pip target? What is your stop loss? 2 pips?
Yes, I've been testing with only TP=20 since Aliensfrog sent a spreadsheet showing the frequency of different TPs occurrences. I calculated some performance statistics based on that. This doesn't mean that 100 or 400 pips are less profitable because we don't know how accurate was that report. I'm just testing at this point to get an idea (actually not sure if I should post anymore and confuse some people). You can choose whatever TP you want. SL is 2, trail to BE asap.
r u ready?
  • #5,890
  • Jan 23, 2012 2:49pm Jan 23, 2012 2:49pm
ready for London open, in 11 hours
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  • #5,891
  • Jan 24, 2012 2:07am Jan 24, 2012 2:07am
Quoting Tony112
ready for London open, in 11 hours
It only simple mean : wait London and New York Session open . Then place INITIAL DIRECTION with STOP LOSS maximum 2 pip

it right master ?
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  • #5,892
  • Jan 24, 2012 8:14am Jan 24, 2012 8:14am
Quoting maxryan9999
It only simple mean : wait London and New York Session open . Then place INITIAL DIRECTION with STOP LOSS maximum 2 pip

it right master ?
lol, you're right you placed the trade right... just close the application after a loss and wait for the next open
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  • #5,893
  • Jan 24, 2012 10:31am Jan 24, 2012 10:31am
Sounds like a perfect system for the broker -

Lose almost everyday, but add more money to your account every week.



Anyone need help in working with large CSV files? I have experience of that. What kind of editing would you need?

Send me a PM if you need help with CSV, I might be able to help, depending on what is needed
  • #5,894
  • Jan 24, 2012 11:06am Jan 24, 2012 11:06am
Quoting Tony112
lol, you're right you placed the trade right... just close the application after a loss and wait for the next open

Are you use trailing stop ? I think it should place 35 pip nice ^^! . And you think ?

P/s : System of master help us don't like below picture . Hehe
http://www.mycomputerhurts.com/Naked...puterC0610.jpg
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  • #5,895
  • Jan 24, 2012 8:23pm Jan 24, 2012 8:23pm
Since Nov 25 2011, I got 3 winning trades of 20 pips, 20 SL (2 pips each) and 14 BE trades.
r u ready?
  • #5,896
  • Jan 25, 2012 1:43am Jan 25, 2012 1:43am
Quoting rtrs111
Since Nov 25 2011, I got 3 winning trades of 20 pips, 20 SL (2 pips each) and 14 BE trades.
So 20 pips profit during 2 months? 10 Pips per month.
  • #5,897
  • Jan 25, 2012 4:15am Jan 25, 2012 4:15am
Quoting Stcktrdr
So 20 pips profit during 2 months? 10 Pips per month.
This is only for NYO, LO had more I think, plus Dec was pretty slow. But think about this in percentages of your account and also consider compounding.
r u ready?
  • #5,898
  • Jan 25, 2012 5:08am Jan 25, 2012 5:08am
Quoting rtrs111
This is only for NYO, LO had more I think, plus Dec was pretty slow. But think about this in percentages of your account and also consider compounding.
Of course, you are right. Still seems like hard work for little pay.
  • #5,899
  • Jan 25, 2012 6:15am Jan 25, 2012 6:15am
Quoting Stcktrdr
Of course, you are right. Still seems like hard work for little pay.
You think it's hard work to trade 5-10 minutes every day and make 3-4 times ROI/year?!
r u ready?
  • #5,900
  • Jan 25, 2012 7:07am Jan 25, 2012 7:07am
Ultimate Fail
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