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  • #141
  • Jul 12, 2012 1:16pm Jul 12, 2012 1:16pm
Nice thread here. I have been following Paulus' thread from start. I even took 6 trades resulting in 2W and 4L, with an overall gain on my acc of about 12% (due to MM although the actual gain would have been about 7%). I suspended it due to my working hours not favouring me. But I know I will come back to it when time allows. I wiil be following you guys here closely and I am already picking inerest in the European open. It seems to favour this system better.

Please keep us abreast with your results.

Thanks
  • #142
  • Jul 13, 2012 1:05am Jul 13, 2012 1:05am
Bias down this morning - waiting for short signal.
  • #143
  • Jul 13, 2012 1:38am Jul 13, 2012 1:38am
Entry @ 22023
SL @ 22059
TP @ 21914

Attached Image (click to enlarge)
Click to Enlarge Name: eu 15.gif Size: 18 KB
  • #144
  • Jul 13, 2012 1:43am Jul 13, 2012 1:43am
Morning JPR, in the same trade and done, same entry as you but TP was 195.3.
7am No Bias was good earlier. Watching 191 for you.
  • #145
  • Jul 13, 2012 1:48am Jul 13, 2012 1:48am
Quoting Jpr
Entry @ 22023
SL @ 22059
TP @ 21914

Attachment
TP Hit.

Results sequence updated in post 1.

Attached Image (click to enlarge)
Click to Enlarge Name: eu 16.gif Size: 18 KB
  • #146
  • Jul 13, 2012 1:53am Jul 13, 2012 1:53am
Quoting strada
Morning JPR, in the same trade and done, same entry as you but TP was 195.3.
7am No Bias was good earlier. Watching 191 for you.
Yeah if you look at my last chart the red dashed line is the Frankfurt bias trade, but the blus dashed line is a trade I took before that for some pips. Didn't want to mention that as just focussing on the bias one at the mo.
  • #147
  • Jul 13, 2012 1:59am Jul 13, 2012 1:59am
Hi JPR, I took both the bias and no bias trades this morning, have done it a few times now and going to continue with that for the time being, they're showing the best results by far. It does mean that both trades can be one and the same so it might be only 1 trade for the day, or alternatively if it's a loss could consider reverting to "stop at win" and looking at 8am no bias for a follow up.
  • #148
  • Jul 13, 2012 2:14am Jul 13, 2012 2:14am
Quoting strada
Hi JPR, I took both the bias and no bias trades this morning, have done it a few times now and going to continue with that for the time being, they're showing the best results by far. It does mean that both trades can be one and the same so it might be only 1 trade for the day, or alternatively if it's a loss could consider reverting to "stop at win" and looking at 8am no bias for a follow up.
Yeah that sounds good. Ill continue to post my bias trades but it would be great if you could keep us updated with the non bias as well (even though I will comment on it most mornings anyway).

That's it for me today - have a good weekend!

JPR
  • #149
  • Jul 13, 2012 4:22am Jul 13, 2012 4:22am
Another good week for the 7am starts, the figures tell the story here.

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%.

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

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

Some of these results are different to JPR's and others. This is due to different trading strategies, not the basic method. I'm trading some of these live and using my own trading rules for entries and exits, I've also applied these same rules to all the above trades.

I have a spreadsheet with all the results and some interesting combinations from 14th May, if anyone wants a copy PM your email address and I'll send it to you (specify if you want it in windows office or open office format).

strada.
  • #150
  • Jul 15, 2012 9:45pm Jul 15, 2012 9:45pm
Great results Strada. Seems the 7am Bias trades are the ones to stick with and take advantage of.

Quoting strada
Another good week for the 7am starts, the figures tell the story here.

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%.

Thursday
7am Bias = 15%; 7am No Bias = 15%; 8am Bias = -5%; 8am No Bias = -5%....
  • #151
  • Jul 16, 2012 1:29am Jul 16, 2012 1:29am
Loss this morning:

Attached Image (click to enlarge)
Click to Enlarge Name: eu 17.gif Size: 18 KB
  • #152
  • Jul 16, 2012 1:43am Jul 16, 2012 1:43am
Morning JPR, had the same end result as you but didn't take the signal at 7.15, took signal at 7.27 as 2 previous signals had price reversals on the closing price.
That was my No Bias trade for today, now waiting for 7am bias trade.
  • #153
  • Jul 16, 2012 1:48am Jul 16, 2012 1:48am
Quoting strada
Morning JPR, had the same end result as you but didn't take the signal at 7.15, took signal at 7.27 as 2 previous signals had price reversals on the closing price.
That was my No Bias trade for today, now waiting for 7am bias trade.
Yeah I'm waiting for a short set-up now.
  • #154
  • Jul 16, 2012 3:49am Jul 16, 2012 3:49am
Monday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = 15%; 8am No Bias = 15%.
(7am & 8am Bias trades were both the same trade today)
  • #155
  • Jul 16, 2012 4:37am Jul 16, 2012 4:37am
Quoting strada
Monday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = 15%; 8am No Bias = 15%.
(7am & 8am Bias trades were both the same trade today)
confused here, 7a.m. with bias a win?

Are you taking the directional bias from 6am to 7am?
  • #156
  • Jul 16, 2012 7:27am Jul 16, 2012 7:27am
Quoting stricky1967
confused here, 7a.m. with bias a win?

Are you taking the directional bias from 6am to 7am?
Yeah I'm a bit confused how you got a win on that Strada. The bias was up from 6am to 7am and the long signal was a loss for me. Be interested to hear your thoughts on this. Thanks
  • #157
  • Jul 16, 2012 9:25am Jul 16, 2012 9:25am
Hi Stricky and JPR, re the 7am No bias trade this morning.
The initial signal was at 7.15 but price reversed away from signal price, I then looked again at it after the 7.19 bar when Macd was back to light red and at the same price level as before but again price then reversed away so didn't enter the trade. Not long after bias was reversed to short and the first trade was the same as the 8am Bias trade. Actual pricing and entry/exit etc are all done from trading platform and their charts, I only take the signal from MT4 but nothing further.
Hope that clarifies. This is why there are sometimes differences in our results JPR, mainly down to different trading strategy. On this occasion, I'll never jump on the sinking ship, if price is reversing against a signal I won't enter unless it rights itself, returns to the signal price and then I'll also want to see a slight improvement in price, up to half a pip on this. I didn't use this criteria on the back-testing but trading it live with real money I have to incorporate criteria like this.
strada.
  • #158
  • Jul 16, 2012 9:52am Jul 16, 2012 9:52am
Quoting strada
Hi Stricky and JPR, re the 7am No bias trade this morning.
The initial signal was at 7.15 but price reversed away from signal price, I then looked again at it after the 7.19 bar when Macd was back to light red and at the same price level as before but again price then reversed away so didn't enter the trade. Not long after bias was reversed to short and the first trade was the same as the 8am Bias trade. Actual pricing and entry/exit etc are all done from trading platform and their charts, I only take the signal from MT4 but nothing further.
Hope...
I see, thanks for explaining this Strada, essentially the 7am bias trade (long) changed at 7.22am, as price broke down through the 6am-7am low.

Also there wasn't a convincing enough signal for you (long) before the bias changed to short. Then no signal short 'till after 8am so you recorded a win for 7am bias.
  • #159
  • Jul 16, 2012 10:04am Jul 16, 2012 10:04am
Quoting strada
Hi Stricky and JPR, re the 7am No bias trade this morning.
The initial signal was at 7.15 but price reversed away from signal price, I then looked again at it after the 7.19 bar when Macd was back to light red and at the same price level as before but again price then reversed away so didn't enter the trade. Not long after bias was reversed to short and the first trade was the same as the 8am Bias trade. Actual pricing and entry/exit etc are all done from trading platform and their charts, I only take the signal from MT4 but nothing further.
Hope...
Hi strada,

Thanks for that. The main difference as I see it on this one was that because you didn't take the first couple of signals the bias then changed to short as the lows had been broken. This may have been what caused the confusion. I do understand that you are more cautious entering a trade if the price immediately goes against you.

On another note Paulus original method had a win this morning (I posted a chart on his 1 minute 1 trade thread).

JPR
  • #160
  • Jul 16, 2012 12:12pm Jul 16, 2012 12:12pm
Hi Stricky, just a bit of further clarification and bordering on pedantic on my part but best to keep this all straight.
I wouldn't say "there wasn't a convincing enough signal", that would imply that I grade the signal strength which I don't.
The signal was all OK and I would have had no hesitation using it but when price goes against a signal I won't enter a trade, to me that would be madness, like betting the 3 legged horse that's 10 furlongs behind the field.
This has been part of my strategy for many years and I can't change now.

JPR, yes I saw your post on 1m1t and pleased to see you trying to put some positive vibe back in there after all the negative stuff over the last few days. The 8am bias trade you posted was the same one I had for the 7am bias trade, eventually.
strada.
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