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2 Minutes 2 Trades

  • #201
  • Jul 25, 2012 4:41am Jul 25, 2012 4:41am
Ok, Thank you Strada! Thank you Jpr!

We must refine our trade entries. In order to get tightest SL, and so tightest TP. It's the key of success.
  • #202
  • Jul 25, 2012 4:45am Jul 25, 2012 4:45am
Monday
7am Bias = 15%; 7am No Bias = 15%; 8am Bias = 15%; 8am No Bias = 15%.
(7am & 8am Bias trades and 8am No Bias were all the same trade today)

Tuesday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = -5%; 8am No Bias = -5%.
(8am Bias & 8am No Bias were both the same trade)

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

Vinze, I agree with you on the tight SL's, but it may not suit everyone, for some people it could mean breaking a rule of a lifetime and that's not easy to do. Everyone has to find their own strategy on this and they have to be comfortable with it and be able to stick with it. Looks like you're well on the way to establishing your strategy now. Cheers, strada.
  • #203
  • Jul 25, 2012 6:02am Jul 25, 2012 6:02am
Quoting strada
...Looks like you're well on the way to establishing your strategy now...
Yes, I have a great interest for this strategy. In more, your results are very incredible:

Sample size: 53 trades
7 bias: 62% winning trades
8 bias: 28% winning trades
7 no bias: 57% winning trades
8 no bias: 42% winning trades

You have been testing "2 Minutes 2 Trades" for 53 trading days. And with 1:3 Risk/Reward, to be in profit: we must have more than 25% winning trades. It looks very promising!
  • #204
  • Jul 25, 2012 7:27am Jul 25, 2012 7:27am
Quoting vinze87
Yes, I have a great interest for this strategy. In more, your results are very incredible:

Sample size: 53 trades
7 bias: 62% winning trades
8 bias: 28% winning trades
7 no bias: 57% winning trades
8 no bias: 42% winning trades

You have been testing "2 Minutes 2 Trades" for 53 trading days. And with 1:3 Risk/Reward, to be in profit: we must have more than 25% winning trades. It looks very promising!
Hi Vinze,

You have to have slightly more than 25% winning trades to be profitable.

JPR
  • #205
  • Jul 25, 2012 7:32am Jul 25, 2012 7:32am
Quoting Jpr
Does anybody else get the impression that somebody wants the EUR to go up today?!
Thought so! Not on the topic of this thread but gonna hold this long for all it's worth!

Attached Image (click to enlarge)
Click to Enlarge Name: eu 27.gif Size: 20 KB
  • #206
  • Jul 26, 2012 3:13am Jul 26, 2012 3:13am
Monday
7am Bias = 15%; 7am No Bias = 15%; 8am Bias = 15%; 8am No Bias = 15%.
(7am & 8am Bias trades and 8am No Bias were all the same trade today)

Tuesday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = -5%; 8am No Bias = -5%.
(8am Bias & 8am No Bias were both the same trade)

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

Thursday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = -5%; 8am No Bias = 15%.
  • #207
  • Jul 26, 2012 4:18am Jul 26, 2012 4:18am
Hi everybody,

7 Bias & 7 No Bias: Signal at 6.58 Opened at 6.59 Winning at 7.03
  • #208
  • Jul 26, 2012 4:45am Jul 26, 2012 4:45am
Hi Vinze, well done, very good double.

I saw that early signal but was concerned about the 7am news, not red but german, and also having some doubts about these early signals after some recent experiences. Anyway decided to leave it, but as you rightly show above it was a profitable trade. Unlike the next one (7.07), but I took the first 2 trades again today and finsihed in profit again today.
rgds, strada.
  • #209
  • Jul 26, 2012 5:03am Jul 26, 2012 5:03am
This was my entry this morning - loss. It again got to 1:2 R:R but then cam back and got stopped. May consider moving to breakeven at 1:2?

Attached Image (click to enlarge)
Click to Enlarge Name: eu 28.gif Size: 26 KB
  • #210
  • Jul 26, 2012 5:53am Jul 26, 2012 5:53am
I love the open lines, I trade the 5pm open, the eur open, the london open, and the NY open when I am awake at those times.

HH
Attached Image (click to enlarge)
Click to Enlarge Name: trading the open lines.gif Size: 61 KB
  • #211
  • Jul 26, 2012 6:02am Jul 26, 2012 6:02am
The aussie dollar has been good to me today + 80 with a 10 pip stop loss,,,equals 8 to 1
Attached Image (click to enlarge)
Click to Enlarge Name: trading the open lines 2.gif Size: 48 KB
  • #212
  • Jul 26, 2012 6:12am Jul 26, 2012 6:12am
eur dollar went up 150 I missed that one...cant get them all
  • #213
  • Jul 26, 2012 7:03am Jul 26, 2012 7:03am
Quoting strada
...I took the first 2 trades again today and finsihed in profit again today...
Strada, good results again today! This week is already much better than the last one.

1. It seems look at the first 2 trades (the first with bias and the first against bias) after each opening, could be very interesting...

2. What do you think about trade at all open lines (Sydney, Tokyo, Frankfurt, London and NY) as hharrington does?
  • #214
  • Jul 26, 2012 10:02am Jul 26, 2012 10:02am
Quoting Jpr
If anyone starts posting any other charts other than charts which follow (or at least attempt to follow) the method outlined above will be blocked from this thread.
Hharrington,

I'm really glad you like trading the open lines but please observe the above quote from myself in post 1 of this thread.
  • #215
  • Jul 27, 2012 1:00am Jul 27, 2012 1:00am
Quoting [B
vinze87
It seems look at the first 2 trades (the first with bias and the first against bias) after each opening, could be very interesting...

2. What do you think about trade at all open lines (Sydney, Tokyo, Frankfurt, London and NY) as hharrington does?

All the combos are showing good results, even those that include the 8am bias which is by far the worst individual performer. So. it's simply a case of take your pick.


Not for me, I'm looking for ways to cut down on the amount of time I spend trading, it's currently 2/3 hours each morning and I'd like to reduce that.
  • #216
  • Jul 27, 2012 3:02am Jul 27, 2012 3:02am
Monday
7am Bias = 15%; 7am No Bias = 15%; 8am Bias = 15%; 8am No Bias = 15%.
(7am & 8am Bias trades and 8am No Bias were all the same trade today)

Tuesday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = -5%; 8am No Bias = -5%.
(8am Bias & 8am No Bias were both the same trade)

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

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

Friday
7am Bias = -5%; 7am No Bias = -5%; 8am Bias = -5%; 8am No Bias = -5%.
(7am & 8am Bias trades and 8am No Bias were all the same trade today)

Results for combinations ~
7am bias + 8am bias = 70%
7am NO bias + 8am NO bias = 30%
7am bias + 8am NO bias = 90%
7am 1st 2 trades any = 50%

Stop at Win
7am bias (+8am bias) = 50%
7am NO bias (+8am NO bias) = 15%
7am bias (+8am NO bias) = 50%

This weeks best combo is also the best long term combo, food for thought before next week.
As usual, if anyone wants the latest spreadsheet PM me (with your email address if I don't already have it).
strada.
  • #217
  • Jul 27, 2012 3:10am Jul 27, 2012 3:10am
Quoting strada
Monday
7am Bias = 15%; 7am No Bias = 15%; 8am Bias = 15%; 8am No Bias = 15%.
(7am & 8am Bias trades and 8am No Bias were all the same trade today)

Tuesday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = -5%; 8am No Bias = -5%.
(8am Bias & 8am No Bias were both the same trade)

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

Thursday
7am Bias = 15%; 7am No Bias = -5%; 8am Bias = -5%;...
Thanks Strada,
I had a loss this morning for 7am bias trade. Signal wasn't until 8:05 (long signal). Couldn't post chart because I'm away from computer but I've updated post 1 results sequence.

Have a good weekend mate.
  • #218
  • Jul 27, 2012 5:07am Jul 27, 2012 5:07am
7 Bias: Signal at 7.18 Losing at 7.25
7 No Bias: Signal at 7.36 Losing at 7.42

Despite of this losing day, this week gave us good results.
7 Bias + 8 No Bias seems to be definitely the best combo tested here.
  • #219
  • Jul 27, 2012 6:45am Jul 27, 2012 6:45am
sorry about the post JPR
  • #220
  • Jul 27, 2012 6:46am Jul 27, 2012 6:46am
I have found the open lines to be good places to start and end trades.
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