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System Test: Invictus V Fratelli 541 replies

Trading the Invictus method 4 replies

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Invictus

  • #3,701
  • Feb 7, 2012 4:22am Feb 7, 2012 4:22am
Hit stop losses (-15) in EU and GU
  • #3,702
  • Feb 7, 2012 4:23am Feb 7, 2012 4:23am
Quoting makybe05
Hit stop losses (-15) in EU and GU
Me too.

Today:
EU +10 -15
GU -15
Total: -20
Enter Signature
  • #3,703
  • Feb 7, 2012 4:30am Feb 7, 2012 4:30am
Quoting maudur
Me too.

Today:
EU +10 -15
GU -15
Total: -20
I missed the GU as I was putting in the order for the EU and the GU moved already, so I was late to the show...

Udine
Sleep less, live fast, as it aint gonna last
  • #3,704
  • Feb 7, 2012 4:32am Feb 7, 2012 4:32am
GU also -15

Richard
  • #3,705
  • Feb 7, 2012 4:45am Feb 7, 2012 4:45am
The markets are nervous due to the Greek mess.
There is still no agreement with the troika; the oposition is is playing hard ball and the Greek have elections in april. They need to reduce debts much more, but nobody wants to be the bad guy and automatically loose the elections.

when I look at the charts both the EU and GU are hoovering around the daily open and not showing clear direction.

Udine
Sleep less, live fast, as it aint gonna last
  • #3,706
  • Feb 7, 2012 7:35am Feb 7, 2012 7:35am
Well for anyone that just got into that EU signal, news hit the wire of possible greek document being drafted so it SHOT up 25 pips in about 10 seconds. The signal got you in before the news so I took a QUICK 10 pips from that.

Me today +10.
  • #3,707
  • Feb 7, 2012 7:36am Feb 7, 2012 7:36am
P.S after reading that piece of Greek news I'm sitting out the rest of the day. If news continues to hit the wires like this we'll be all over the place.
  • #3,708
  • Feb 7, 2012 8:01am Feb 7, 2012 8:01am
EU +10 pips
Attached Image (click to enlarge)
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  • #3,709
  • Feb 7, 2012 8:03am Feb 7, 2012 8:03am
I am not trading anymore today: capital preservation!!

Udine
Sleep less, live fast, as it aint gonna last
  • #3,710
  • Feb 7, 2012 8:08am Feb 7, 2012 8:08am
Quoting Udine
I am not trading anymore today: capital preservation!!

Udine
Tomorrow will be another good day.
  • #3,711
  • Feb 7, 2012 8:29am Feb 7, 2012 8:29am
EU +10 (long). Very delayed. Much stress.

Today:
EU +10 -15 + 10
GU -15
Total: -10
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 107 KB
Enter Signature
  • #3,712
  • Feb 7, 2012 8:52am Feb 7, 2012 8:52am
Quoting Udine
Eric: is it correct that I see only one line (60) now ??
Quoting bader
Are you using the new indicator - mine only shows one bar.
Quoting maudur
In this release do not see the arrows of 240 minutes and only see one line down.
I'll show you mine if you show me yours ! Here's my pic showing the new indicator, the arrows and the list of Indicators showing the 2.1 version. You guys are always asking for charts; show me one.
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 20 KB
  • #3,713
  • Feb 7, 2012 9:09am Feb 7, 2012 9:09am
Hello Guys,

I did not get the signal that several people left with losses in EU and GU because I was out of the PC. I do not know if everyone knows but these two pairs are related so they tend to have the same behavior, just put the graphics side by side and compare. Being related I do not think a good idea to enter the market at the same time with the two pairs. If you hit you win twice, but if you miss you also wrong twice, losing 30 pips. So one of my rules is added:

Do not enter two trades at the same time, to protect my capital.

Anyone agree with that thought?
  • #3,714
  • Feb 7, 2012 9:09am Feb 7, 2012 9:09am
Quoting makybe05
I don't get it Udine.

Yesterday you explicitly said that you do not trade outside of Frankfurt hours or the Frankfurt signal bar. Here you take the entry?

It seems to me that in retrospect if it is a winner you "take it" and a loser you don't take the trade to create a greater winning percentage for this system.
First, stop whining/whinging.

Second, if you're still reading, I understand EXACTLY what you're saying. Why? Because I felt the same way when I started following Udine's trades. Then he would take a trade that didn't "fit" the rules and I would get angry because "how am I supposed to learn to trade like him if he doesn't follow the rules?" Does that sound familiar? So what did I do? I went off by myself for a month and removed all indicators from my charts and studied price action. What did I learn?

1. All successful traders base all their decisions on price action. The indicators only help them make the decisions (I already suspected that).

2. If you try to trade by blindly following indicators, you will get wiped out.

3. They're his (Udine) rules and he can do whatever the hell he wants with them. If you can't learn to think for yourself, you'll never make it.

4. I have to learn to trade like me, not like him, although I may end up trading very much like him.

I'm not yet a consistently profitable trader, but I don't get angry any more.

And if you really think about what you said, you're either saying he is a psychic and only takes trades that are going to be winners and skips the trades that he knows are going to lose(!), or you're admitting without knowing it, that the 1000's of hours he spent studying charts and testing his method has taught him what is likely to work and what will probably fail. Do your homework.

Oh, and notice he just posted a loss just for you, to make you feel better. You do realize these are all live, real money trades for him? He's not just showing what might have worked.

And he's also a lot better trader than I am (yet).
  • #3,715
  • Feb 7, 2012 9:10am Feb 7, 2012 9:10am
Quoting ericjschroed
I'll show you mine if you show me yours ! Here's my pic showing the new indicator, the arrows and the list of Indicators showing the 2.1 version. You guys are always asking for charts; show me one.

i'll show you mine

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #3,716
  • Feb 7, 2012 9:19am Feb 7, 2012 9:19am
Quoting Udine
i'll show you mine

Udine
My Chart is equal this... But the line H4 is empty.
  • #3,717
  • Feb 7, 2012 11:00am Feb 7, 2012 11:00am
today was not a good day: closed with - 5 pips = -1.25 %

total for the week: +3.75 %

See you tomorrow

Udine
Sleep less, live fast, as it aint gonna last
  • #3,718
  • Feb 7, 2012 3:31pm Feb 7, 2012 3:31pm
All,

This is my first post to this thread. Hats off to Udine for sharing! With this in mind I just got a signal to go long on the EU. I just wanted to confirm this is a no go for the following reasons:

1. Out of Trading hours
2. RmUp=Red

Everything else seems to be in line with the rules. Just wanted to confirm a non-trade.

TIA
Lionsden
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  • #3,719
  • Feb 7, 2012 3:41pm Feb 7, 2012 3:41pm
Quoting lionsden
All,

This is my first post to this thread. Hats off to Udine for sharing! With this in mind I just got a signal to go long on the EU. I just wanted to confirm this is a no go for the following reasons:

1. Out of Trading hours
2. RmUp=Red

Everything else seems to be in line with the rules. Just wanted to confirm a non-trade.

TIA
Lionsden


I saw that one too. Agreed - It's outside of hours and above the daily range so I'm not going to touch it.

Something that I've been doing (as with all my trades on lower timeframes) I take a look at where the price is on the daily chart.
If we are trading in to a point of resistance that has been tested several times, I look for a clear break or a bounce back. At the moment, the EURUSD is around a point of solid resistance so price can be unpredictable.

Works well enough for me. Sure I miss some trades, but like Udine and the rest of the guys say - Stress free pips.

Regards,
LT
Attached Image (click to enlarge)
Click to Enlarge Name: Invictus2.jpg Size: 97 KB
  • #3,720
  • Feb 7, 2012 4:11pm Feb 7, 2012 4:11pm
Thank you Lightrain for the analysis. I too look at upper timeframes for clarification. Also the fundamentals of the EU should deter most from going long after a run like it had today. But thats just my 2 pips worth

Lionsden

Quoting Lightrain
I saw that one too. Agreed - It's outside of hours and above the daily range so I'm not going to touch it.

Something that I've been doing (as with all my trades on lower timeframes) I take a look at where the price is on the daily chart.
If we are trading in to a point of resistance that has been tested several times, I look for a clear break or a bounce back. At the moment, the EURUSD is around a point of solid resistance so price can be unpredictable.

Works well enough for me. Sure I miss some trades, but like Udine and the rest of the guys...
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