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  • #101
  • Jul 6, 2012 1:47am Jul 6, 2012 1:47am
Quoting Percentage
Looks like we got a valid long trade. Lets see how it turns out.

Entry @ 1.2383
Stop Loss @1.2378
Take Profit @ 1.2398
I had that long too. Just got stopped out though.
  • #102
  • Jul 6, 2012 1:54am Jul 6, 2012 1:54am
same here. When you look at the chart you'd normally not touch it until it decides to go one way or t'other.
  • #103
  • Jul 6, 2012 1:56am Jul 6, 2012 1:56am
Well Frankfurt burned us again today.

Maybe I need to trade this with two accounts (one for the valid signal and one doing the opposite). Since the risk to reward is 1:3 I wonder how that would work out.

Of course both trades could end in a loss but if one was a winner and the other was a loser the winner would grow nicely while the loser had a reasonable loss.

This could just be my mind playing tricks on me as I've had a few drinks tonight while playing a few board games!

Quoting Percentage
Looks like we got a valid long trade. Lets see how it turns out.

Entry @ 1.2383
Stop Loss @1.2378
Take Profit @ 1.2398
  • #104
  • Jul 6, 2012 2:20am Jul 6, 2012 2:20am
No chart but London turned out to be a winner.
  • #105
  • Jul 6, 2012 2:26am Jul 6, 2012 2:26am
signal at 8.03 was a loss.

which signal did you take percentage?

London with bias now has a signal, long time since they had a profit.
  • #106
  • Jul 6, 2012 2:41am Jul 6, 2012 2:41am
I'm not great with converting GMT. The trade I took on Frankfurt was at 11:39am PST.

I took both signals on a demo account.

The London winner was at 12:11am PST.

Quoting strada
signal at 8.03 was a loss.

which signal did you take percentage?

London with bias now has a signal, long time since they had a profit.
  • #107
  • Jul 6, 2012 3:19am Jul 6, 2012 3:19am
First red line - 1st trade no bias - loss
second red line - 2nd signal no bias - winner
third red line - Paulus original method - loss

Attached Image (click to enlarge)
Click to Enlarge Name: eu 8.gif Size: 19 KB
  • #108
  • Jul 6, 2012 3:27am Jul 6, 2012 3:27am
It seems to have just been one of those weeks for this method. I think I read somewhere in Paulus' orginal thread that somebody was down -25% so far this week.

Quoting Jpr
First red line - 1st trade no bias - loss
second red line - 2nd signal no bias - winner
third red line - Paulus original method - loss

Attachment
  • #109
  • Jul 6, 2012 3:33am Jul 6, 2012 3:33am
Quoting Percentage
It seems to have just been one of those weeks for this method. I think I read somewhere in Paulus' orginal thread that somebody was down -25% so far this week.
Yeah you get losing runs. It's hard to stick to the method when you do have drawdowns but unfortunately those losses are just part of trading!

JPR
  • #110
  • Jul 6, 2012 3:33am Jul 6, 2012 3:33am
Quoting Jpr
Morning Strada,


Once I am in the trade I look at the difference between the entry price I got filled at and the stop loss and then calculate the TP from there (x3).

How do you do it?
Hi JPR

Easy Order is a magic script!

As Paulus (I think) suggested you can modify Fib Extensions to estimate your limits:

rorieu
Attached Image
  • #111
  • Jul 6, 2012 3:37am Jul 6, 2012 3:37am
Quoting rorieu
Hi JPR

Easy Order is a magic script!

As Paulus (I think) suggested you can modify Fib Extensions to estimate your limits:

rorieu
Yeah I do use that as well, it's a good help. Thanks for contributing.
  • #112
  • Jul 6, 2012 3:42am Jul 6, 2012 3:42am
Yes, it's tough but that's exactly why I decided to demo trade first. Seems the losing runs can really eat up some profits.

Quoting Jpr
Yeah you get losing runs. It's hard to stick to the method when you do have drawdowns but unfortunately those losses are just part of trading!

JPR
  • #113
  • Jul 6, 2012 4:39am Jul 6, 2012 4:39am
I've summarised this weeks results below. They are based on actual trades or real time shadow trading. These results will vary from some others, not because of any differences in the method, more to do with trading strategy.

Day....7am Bias.....8am Bias....7am NB....8am NB...7+8 Bias....7+8 NB....S@W 7+8 NB...S@W 7Bias+8NB

Mon.......15%.............-5%...........-5%.........15%..........10%.........10%............10%..............15%
Tues.......15%............-5%...........-5%..........-5%.........10%........-10%..........-10%..............15%
Wed........15%...........-5%............15%..........-5%.........10%.........10%...........15%.............15%
Thurs.......15%...........-5%............15%.........15%..........10%.........30%...........15%..............15%
Fri..........-5%.............-5%...........-5%..........-5%.........-10%........-10%.........-10%.............-10%

Totals......55%..........-25%...........15%...........15%.........30%.........30%............20%............50%

(Abb. NB - No Bias; S@W - Stop at Win)
  • #114
  • Jul 6, 2012 4:51am Jul 6, 2012 4:51am
Strada,

Awesome collating!
Looks as if the 7am no bias is the one to watch at the mo. That's the only win I had this week (Monday at Frankfurt open).

Thanks for doing this.
  • #115
  • Jul 6, 2012 5:00am Jul 6, 2012 5:00am
Quoting Jpr
Strada,

Awesome collating!
Looks as if the 7am no bias is the one to watch at the mo. That's the only win I had this week (Monday at Frankfurt open).

Thanks for doing this.
No probs JPR, I just lift it off the spreadsheet, I'll email the updated version to you later.

Yes, 7am with bias has been consistent throughout and I'm now wondering if "stop at win" using 7am bias + 8am no bias may be the way to go or even going back to 1min 1trade but using 7am Bias start. We can't do that of course cause you'd have to start a new journal!!

strada.
  • #116
  • Jul 6, 2012 5:38am Jul 6, 2012 5:38am
Quoting strada
No probs JPR, I just lift it off the spreadsheet, I'll email the updated version to you later.

Yes, 7am with bias has been consistent throughout and I'm now wondering if "stop at win" using 7am bias + 8am no bias may be the way to go or even going back to 1min 1trade but using 7am Bias start. We can't do that of course cause you'd have to start a new journal!!

strada.
I want this journal to be an exploration of all the different options, so it doesn't have to be rigid.
I think from next week I'm going to focus on the 1 trade at Frankfurt Open with bias (line drawn from 6am to 7am). I only take one live trade and all the others are shadow trades so I am just going to make my one trade the Franky open with bias.

As long as we all keep some results we can see which one to pursue.
  • #117
  • Jul 6, 2012 8:22am Jul 6, 2012 8:22am
Quoting strada
I've summarised this weeks results below.

(Abb. NB - No Bias; S@W - Stop at Win)
Wow . Excellent data

thanks Strada

r
  • #118
  • Jul 7, 2012 7:56pm Jul 7, 2012 7:56pm
Great testing fellow traders. Next week I will be demo trading the 7am bias only and see how that goes.

Great work Strada...
  • #119
  • Jul 8, 2012 6:24am Jul 8, 2012 6:24am
Quoting strada
I've summarised this weeks results below. They are based on actual trades or real time shadow trading. These results will vary from some others, not because of any differences in the method, more to do with trading strategy.

Day....7am Bias.....8am Bias....7am NB....8am NB...7+8 Bias....7+8 NB....S@W 7+8 NB...S@W 7Bias+8NB

Mon.......15%.............-5%...........-5%.........15%..........10%.........10%............10%..............15%
Tues.......15%............-5%...........-5%..........-5%.........10%........-10%..........-10%..............15%
Wed........15%...........-5%............15%..........-5%.........10%.........10%...........15%.............15%
Thurs.......15%...........-5%............15%.........15%..........10%.........30%...........15%..............15%
Fri..........-5%.............-5%...........-5%..........-5%.........-10%........-10%.........-10%.............-10%...
Hi strada;
These times are in GMT or UK time ?

Thanks
  • #120
  • Jul 8, 2012 3:30pm Jul 8, 2012 3:30pm
Just to let you know guys that next week I am going to be trading the Frankfurt open trade WITH BIAS (based on the hour before).

I'm also going to trade Paulus' original method because they have had 5 losses in a row and I think the most he has ever had is 6 or 7.
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