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BUFU Trend Following System + Account Challenge

  • #141
  • Jan 23, 2012 9:58pm Jan 23, 2012 9:58pm
Cheers for that....

chart - i hope
Attached Image (click to enlarge)
Click to Enlarge Name: test1.gif Size: 85 KB
  • #142
  • Jan 24, 2012 1:24am Jan 24, 2012 1:24am
Have many trades open now, most in profit, as shown by the attached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: test1.gif Size: 80 KB
  • #143
  • Jan 24, 2012 1:44am Jan 24, 2012 1:44am
Quoting rebyte2
Have many trades open now, most in profit, as shown by the attached chart.
Good show bro!
Raza
  • #144
  • Jan 24, 2012 2:06am Jan 24, 2012 2:06am
Quoting rebyte2
Have many trades open now, most in profit, as shown by the attached chart.

well done, i'm happy for you.
  • #145
  • Jan 24, 2012 3:36am Jan 24, 2012 3:36am
Hi johnny2pips,Thanks for the nice system,its seems to work wonders,based on the system we know when to enter a trade,just want to know what is your normal stop loss,or do you exit when the BUFU changes direction on any time frame.
Thanks
Shaik
NEVER go against the Daily trend
  • #146
  • Jan 24, 2012 4:10am Jan 24, 2012 4:10am
i'll try your strategy johnny. hope it works.
botsog
  • #147
  • Jan 24, 2012 7:50am Jan 24, 2012 7:50am
Quoting rebyte2
Entered .9759 after 1H BuFu indy closed red. That was the final confirmation.

Was going to post a chart of my trade, but cannot find the correct way to do it.. any help please.
I use jing it's free and easy to use. It has features like drawing arrows, selections boxes, highlighting and writing text. There is a paid version but I use the free one.

http://www.techsmith.com/download/jing/default.asp
  • #148
  • Jan 24, 2012 7:56am Jan 24, 2012 7:56am
Quoting shaikjun
Hi johnny2pips,Thanks for the nice system,its seems to work wonders,based on the system we know when to enter a trade,just want to know what is your normal stop loss,or do you exit when the BUFU changes direction on any time frame.
Thanks
Shaik
Stops should be different for each pair. Optimize, adapt, and overcome is one of my favorite quotes. In this situation Optimizing and adapting would be to look back over a significant amount of time (like 12 months) and see what kind of stop works well with that pair. Overcome simply means finding that sweet spot and trade if for profits. On aud/nzd a 25 pip stop is perfect. Currently am backtesting 25 pip stops on eur/usd to find out if it is good for other pairs as well.

Hope this helps,
Johnny2pips
  • #149
  • Jan 24, 2012 8:23am Jan 24, 2012 8:23am
Thanks johnny2pips,currently i tried to close out if the BUFU change direction on 5M TF....
NEVER go against the Daily trend
  • #150
  • Jan 24, 2012 8:56am Jan 24, 2012 8:56am
Quoting shaikjun
Thanks johnny2pips,currently i tried to close out if the BUFU change direction on 5M TF....
What TF are you entering on? If it's 1H or 30M I'd advise not to exit on 5m. Even though I've never personally tried it. How has it been working for you? Could you post a chart of a trade you've taken and how you'd exit it?

It's always nice to see how other people interpret systems.
  • #151
  • Jan 24, 2012 9:07am Jan 24, 2012 9:07am
Sorry for the lack of posting trades. The fact is I haven't been trading for a week or so. The reason for this is backtesting to define the best stop for each pair. Hopefully we'll be able to find the answer. For now use discretion for your stop placements.
  • #152
  • Jan 24, 2012 10:05am Jan 24, 2012 10:05am
Here is a NZD/USD 1H buy I just took.
http://i1083.photobucket.com/albums/...01-24_1303.png
  • #153
  • Jan 24, 2012 2:08pm Jan 24, 2012 2:08pm
One more trade today EUR/CHF 1H. It is counter trend according to the 4H chart. Major support/resistance levels in this area so price really could go either way.
http://i1083.photobucket.com/albums/...1-24_CHF1H.png
  • #154
  • Jan 24, 2012 6:20pm Jan 24, 2012 6:20pm
Added AUD/USD trade + Update on all positions.
http://i1083.photobucket.com/albums/...fsdfrssfsf.png
  • #155
  • Jan 24, 2012 6:35pm Jan 24, 2012 6:35pm
Quoting johnny2pips
What TF are you entering on? If it's 1H or 30M I'd advise not to exit on 5m. Even though I've never personally tried it. How has it been working for you? Could you post a chart of a trade you've taken and how you'd exit it?

It's always nice to see how other people interpret systems.

Good morning johnny,im entering the trades on 15M TF but ill always consult with the 1HR and 4HR time frame,
i dont take the trade if the higher TF does not matches with 15M ,buy doing this i know i might miss some good early entry but ill rather to miss the chances then lose the pips,in some case if miss the entry on 15M,ill wait to enter it on 5M after a retracement. As for the SL im currently exiting manually if the 15M BUFU change direction ,till today im cutting losses manually due to BUFU changing direction.
im using you system on all currency, and im tryiing it on live not demo ,beleive it work wonders,and ive never such a solid trending system like this .
if you consult with higher TF and enter a trade , its works like a magic,now im trying to work out on the proper SL.im trading from from last week till today and i ve made over 500 pips on live acct.
Thanks a million to you johnny
NEVER go against the Daily trend
  • #156
  • Jan 24, 2012 8:29pm Jan 24, 2012 8:29pm
Quoting shaikjun
Good morning johnny,im entering the trades on 15M TF but ill always consult with the 1HR and 4HR time frame,
i dont take the trade if the higher TF does not matches with 15M ,buy doing this i know i might miss some good early entry but ill rather to miss the chances then lose the pips,in some case if miss the entry on 15M,ill wait to enter it on 5M after a retracement. As for the SL im currently exiting manually if the 15M BUFU change direction ,till today im cutting losses manually due to BUFU changing direction.
im using you system on all currency,...
Your vary welcome buddy, always glad to help. It's posts like these that make my day!
  • #157
  • Jan 25, 2012 12:11am Jan 25, 2012 12:11am
cci indicator system, I added a nice job thanks to my friend I wonder if the system in development
  • #158
  • Jan 25, 2012 4:00am Jan 25, 2012 4:00am
Today 2 bad trades on eur/usd and usd/chf.Now im long on gbp/jpy,i was allready 35 in plus but it was pullback.
  • #159
  • Jan 25, 2012 2:43pm Jan 25, 2012 2:43pm
Quoting dam55
Today 2 bad trades on eur/usd and usd/chf.Now im long on gbp/jpy,i was allready 35 in plus but it was pullback.
For better success rates take signals in tune with the 4H trend. So if 4H is trending down then take 1H sell signals.
  • #160
  • Jan 25, 2012 3:26pm Jan 25, 2012 3:26pm
I did,i was stopped by SL.I open the trade on 15 min chart and also check 1h for trend.But later i had good trades
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