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2 Minutes 2 Trades

  • #121
  • Jul 9, 2012 1:19am Jul 9, 2012 1:19am
1st Frankfurt Trade stopped out this morning.

Entry - 22893
Stop - 22847
TP - 23031
  • #122
  • Jul 10, 2012 4:18am Jul 10, 2012 4:18am
Monday
7am Bias = -5%; 7am No Bias = -5%; 8am Bias = -5%; 8am No Bias = -5%.

Tuesday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = 15%; No Bias = 15%
  • #123
  • Jul 10, 2012 11:23am Jul 10, 2012 11:23am
Paulus original method was a winner today:

Entry: 22879
SL: 22793
TP: 23135 (Hit at approx 11:40)
  • #124
  • Jul 11, 2012 6:51am Jul 11, 2012 6:51am
Quoting Jpr
Paulus original method was a winner today:

Entry: 22879
SL: 22793
TP: 23135 (Hit at approx 11:40)
Hi Jpr,
It seems you long EURUSD at 8:29 (London time) yesterday (July, 10th), i.e 29 minutes after London opening.
In this case, I'm agree to say it was a winning trade.

But I think, if you applied Paulus Original Method strictly, the first valid signal after London opening was at 8:14, and this signal would gave you a losing trade. If you apply Paulus Original Method strictly, I don't understand why you didn't take 8:14 signal?

And secondly, if you applied Paulus Original Method, you certainly drew a "red horizontal line" at 22857 in accordance with Paulus Original Method. And in this case, after 8:24, you didn't have to wait for long signal, but you had to wait for short signal. So I don't understand, why you didn't take a short trade at 8:29?

Thank you in advance for your help
  • #125
  • Edited 8:14am Jul 11, 2012 8:04am | Edited 8:14am
Hi Vinze, check the stoch on your chart at the 8.14 signal yesterday, it was over 50 on my MT4. I suspect that's why the 8.14 wasn't taken. I also took the 8.29 signal. If your stoch was under 50 then you may have to check your settings.
With regards to the break of the pre London Lo it was very brief and price immediately went back above the LO. You are quite right what you say about the rules but there is one big difference here, JPR, myself and some others are now trading this live so we are going to use discretion in situations like this. Sometimes we'll get it right, sometimes wrong but the experience is invaluable for ongoing trading. Hope this helps and I hope others will contribute their experience in these sorts of situations.

Results ~

Monday
7am Bias = -5%; 7am No Bias = -5%; 8am Bias = -5%; 8am No Bias = -5%.

Tuesday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = 15%; No Bias = 15%

Wednesday
7am Bias = 15%; 7am No Bias = 15%; 8am Bias = -5% 8am No Bias = -5%.

The 8am Bias trade could have been the signal at 8.10 although the stoch here was over 50 but it then came back into the range a couple of minutes later while MACD was still light red. In future I think I may trade this scenario.

What do you reckon JPR.
  • #126
  • Jul 11, 2012 10:55am Jul 11, 2012 10:55am
Could I ask folks here to post their chart. Please.

It's easy with MT4 and it answers all the typed questions in one go!

What was the time? what level was Stoch? ...MACD?...price? etc ...

r

Quoting vinze87
Hi Jpr,
It seems you long EURUSD at 8:29 (London time) yesterday (July, 10th), i.e 29 minutes after London opening.
In this case, I'm agree to say it was a winning trade.

But I think, if you applied Paulus Original Method strictly, the first valid signal after London opening was at 8:14, and this signal would gave you a losing trade. If you apply Paulus Original Method strictly, I don't understand why you didn't take 8:14 signal?

And secondly, if you applied Paulus Original Method, you certainly drew a "red horizontal line" at 22857...
Attached Image (click to enlarge)
Click to Enlarge Name: Example.gif Size: 23 KB
  • #127
  • Jul 11, 2012 12:37pm Jul 11, 2012 12:37pm
Quoting vinze87
Hi Jpr,
It seems you long EURUSD at 8:29 (London time) yesterday (July, 10th), i.e 29 minutes after London opening.
In this case, I'm agree to say it was a winning trade.

But I think, if you applied Paulus Original Method strictly, the first valid signal after London opening was at 8:14, and this signal would gave you a losing trade. If you apply Paulus Original Method strictly, I don't understand why you didn't take 8:14 signal?

And secondly, if you applied Paulus Original Method, you certainly drew a "red horizontal line" at 22857...
Hi,
I didn't take it as the stoch was over 50 (as stated by Strada). If you look at Paulus original thread he also said on his chart that because the price moved back up above the eur low he was then looking for longs. He took the same signal as I did.
  • #128
  • Jul 11, 2012 12:59pm Jul 11, 2012 12:59pm
Quoting strada
Hi Vinze, check the stoch on your chart at the 8.14 signal yesterday, it was over 50 on my MT4. I suspect that's why the 8.14 wasn't taken. I also took the 8.29 signal. If your stoch was under 50 then you may have to check your settings.
With regards to the break of the pre London Lo it was very brief and price immediately went back above the LO. You are quite right what you say about the rules but there is one big difference here, JPR, myself and some others are now trading this live so we are going to use discretion in situations like this. Sometimes...
Heres my chart for the frankfurt with bias trade (win).

Attached Image (click to enlarge)
Click to Enlarge Name: eu 10.gif Size: 20 KB


I agree that the 8:10 could have been a signal. Not sure whether it would have hit TP though?

The more and more I trade this the more I am liking the 7am with bias trade.

Another thought I have had is to open two positions at this trade but with 2% each (instead of 1 with 5%). The first with the standard 1:3, but just leave the 2nd trade with no TP and let it run all day.

Thoughts?
  • #129
  • Jul 11, 2012 1:23pm Jul 11, 2012 1:23pm
Quoting Jpr
Heres my chart for the frankfurt with bias trade (win).

Attachment

I agree that the 8:10 could have been a signal. Not sure whether it would have hit TP though?

The more and more I trade this the more I am liking the 7am with bias trade.

Another thought I have had is to open two positions at this trade but with 2% each (instead of 1 with 5%). The first with the standard 1:3, but just leave the 2nd trade with no TP and let it run all day.

Thoughts?
Hi Jpr;
Your 7am bias trade , itīs from 6 until 7 GMT or UK time ?

Thanks-
  • #130
  • Jul 11, 2012 1:32pm Jul 11, 2012 1:32pm
I just realised that I hadn't posted my Frankfurt trade from yesterday. It was a loss. Here is the chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eu 11.gif Size: 18 KB
  • #131
  • Jul 11, 2012 1:36pm Jul 11, 2012 1:36pm
As I have said before I am now primarily focussing on one trade at Frankfurt Open using bias from one hour before.

The complete sequence of results so far from the Frankfurt with bias trades since last Monday is:

WLLLL/LLW

I am only going to record these trades moving forward as I believe the original Paulus results are still being recorded by Paulus over on his original thread.
  • #132
  • Jul 11, 2012 1:38pm Jul 11, 2012 1:38pm
Quoting chaveznqoos
Hi Jpr;
Your 7am bias trade , itīs from 6 until 7 GMT or UK time ?

Thanks-
6-7 UK time.
  • #133
  • Jul 11, 2012 3:00pm Jul 11, 2012 3:00pm
Quoting Jpr

I agree that the 8:10 could have been a signal. Not sure whether it would have hit TP though?

Thoughts?
The way I do SL and TP the 8.10 would have been profitable.
Entry would have been made at the end of the 8.14 bar ( price immediately reversed against the 8.10 initial signal bar so I would not have entered the trade then, don't jump on the sinking ship).
The low of the 8.14 bar would have been used for the SL. The difference was 2.6 pips. SL would have been the Lo + spread.
TP would have been 2.6 x 3 + 1 pip spread. This would have been attained quite quickly.
I think the key to this working is keeping those SL's and TP's as tight as possible otherwise the trade takes too long to develop and that's not what retracement on 1 min charts is about.
strada.
  • #134
  • Jul 12, 2012 1:02am Jul 12, 2012 1:02am
Quoting Jpr
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.
well it seemed to work

2wins after a ow of losses

Hmmmm

P
  • #135
  • Jul 12, 2012 1:29am Jul 12, 2012 1:29am
Quoting Paulus
well it seemed to work

2wins after a ow of losses

Hmmmm

P
Yeah that is very interesting. Might be worth upping risk slightly if you reach that many losers in a row? What do you think?
  • #136
  • Jul 12, 2012 1:45am Jul 12, 2012 1:45am
Entry @ 22353 (green dashed line)
SL @ 22393 (orange dashed line)
TP @ 22236 (grey dashed line)

Attached Image (click to enlarge)
Click to Enlarge Name: eu 12.gif Size: 19 KB
  • #137
  • Jul 12, 2012 2:04am Jul 12, 2012 2:04am
Quoting Jpr
Entry @ 22353 (green dashed line)
SL @ 22393 (orange dashed line)
TP @ 22236 (grey dashed line)

Attachment
TP Hit.

Attached Image (click to enlarge)
Click to Enlarge Name: eu 13.gif Size: 18 KB
  • #138
  • Jul 12, 2012 2:06am Jul 12, 2012 2:06am
Quoting Jpr
Entry @ 22353 (green dashed line)
SL @ 22393 (orange dashed line)
TP @ 22236 (grey dashed line)
Very good JPR, I was on the same trade, slightly different SL & TP. My TP was 224.1 but price was running and exited at 219.1. The 7am No Bias was also a profit earlier.
  • #139
  • Jul 12, 2012 2:11am Jul 12, 2012 2:11am
Quoting strada
Very good JPR, I was on the same trade, slightly different SL & TP. My TP was 224.1 but price was running and exited at 219.1. The 7am No Bias was also a profit earlier.
Good stuff.

I am going to update my personal (I know it's slightly different to yours) results sequence for the Franky Open trade with bias at the bottom of post 1 and try and keep it updated whenever I can.
  • #140
  • Jul 12, 2012 3:16am Jul 12, 2012 3:16am
Paulus original method had a loss today:

Attached Image (click to enlarge)
Click to Enlarge Name: eu 14.gif Size: 19 KB
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