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Low Risk, High Reward Trading Experiment

  • #141
  • May 17, 2006 2:59am May 17, 2006 2:59am
Yes, we don't say things unless we have some good reason to say so. But there are an infinite number of good trades in the market each and every day, so we just try to identify a few good ones. And it takes a while for us to work out all the precise specifications. So we look for the places at the end of the trends where we can maximize rewards and minimize risk. Sometimes we miss them because we aren't working 24 hours a day, and then we have to wait a day or so for the next opportunity. But with 49 different currency pairs of the majors, the possibilities are endless. We enjoy our system, but it takes alot of work, as the market keeps changing incessantly.
  • #142
  • May 17, 2006 9:12am May 17, 2006 9:12am
Thursday 5/17/2006 10:00 ET

TS#55 Short USD/CAD at 1.1075 Exit now at market price

If anyone entered this short trade at 1.1075 or 1.1074, and didn't exit at 1.1011, then we advise exiting at current market price of about 1.1045 to 1.1055 and wait for higher point to re-enter sell position.

Stop is in danger of being hit.

________________

Original trade signal: Wednesday 5/17/2006 3:00 ET
TS #55 Sell USD/CAD at 1.1075 or higher
Stop at 1.1088
Target is 1.0880
Reward is min. 190 pips
Risk is max. 18 pips
Reward : Risk ratio is 16 to 1
For testing purposes only.
  • #143
  • May 17, 2006 9:40am May 17, 2006 9:40am
Thursday 7/17/2006 10:30 ET

Due to oversite and tiredness we failed to pass on short trade of GBP/USD as intended. Our apologies. I hope that our signals teach all traders to seek for similar opportunities on their own and not to rely on us. Fortunately we are in that trade. We hope all others are. Short GBP/USD at 1.9010, target 1.8725. It is falling down like a rock, and has already proceeded 110 pips to 1.8800 in less than two hours.

Short entry price for EUR/USD of 1.2929 was very conservative on purpose, as it was intended to be adjusted as the price was approached, and was not met. Top price was 1.2917, 12 pips short of entry price. Too bad.
  • #144
  • May 17, 2006 10:52am May 17, 2006 10:52am
Quoting itme
Thursday 7/17/2006 10:30 ET

Due to oversite and tiredness we failed to pass on short trade of GBP/USD as intended. Our apologies. I hope that our signals teach all traders to seek for similar opportunities on their own and not to rely on us. Fortunately we are in that trade. We hope all others are. Short GBP/USD at 1.9010, target 1.8725. It is falling down like a rock, and has already proceeded 110 pips to 1.8800 in less than two hours.

Short entry price for EUR/USD of 1.2929 was very conservative on purpose, as it was intended to be adjusted as the price was approached, and was not met. Top price was 1.2917, 12 pips short of entry price. Too bad.
Hey, it's not Thursday...all of your signals for today have Thursday on it

:-)

Unless you have some sort of cool time-machine thing....
  • #145
  • May 17, 2006 10:59am May 17, 2006 10:59am
Quoting mrmikal
Hey, it's not Thursday...all of your signals for today have Thursday on it

:-)

Unless you have some sort of cool time-machine thing....
They have, they've come from 7/17/2006
TTFN Merlyn
  • #146
  • May 17, 2006 11:19am May 17, 2006 11:19am
Wednesday 5/17/2006 12:00 ET

TS#58

Sell USD/JPY at 110.77 or higher

Stop is 111.07

Target is 109.00

Reward is min. 173 pips

Risk is max. 34 pips

Reward : Risk is min. 5 to 1

For testing purposes only.
  • #147
  • May 17, 2006 11:32am May 17, 2006 11:32am
In our effort to prevent stopping out, we have now achieved the opposite problem. By placing entry points at very safe levels, we often do not meet the entry criteria, so no trade at all! The AUD/USD only rose to .7724, not .7740 as expected, so we missed out on a trade which progressed in a very rapid move to the target this morning.

Original trade signal:
 Wednesday 5/17/2006 3:10 ET
TS# 56
Sell AUD/USD at .7740 or higher
Stop is .7761
Target is .7600 or lower
Reward is min. 136 pips
Risk is max. 25 pips
Reward : Risk ratio is 5.4 to 1
For testing purposes only.
  • #148
  • May 17, 2006 11:38am May 17, 2006 11:38am
Thank you for sharing itme! Did you get my private message?

spike71
  • #149
  • May 17, 2006 11:48am May 17, 2006 11:48am
Quoting itme
In our effort to prevent stopping out, we have now achieved the opposite problem. By placing entry points at very safe levels, we often do not meet the entry criteria, so no trade at all! The AUD/USD only rose to .7724, not .7740 as expected, so we missed out on a trade which progressed in a very rapid move to the target this morning.

Original trade signal:
Wednesday 5/17/2006 3:10 ET
TS# 56
Sell AUD/USD at .7740 or higher
Stop is .7761
Target is .7600 or lower
Reward is min. 136 pips
Risk is max. 25 pips
Reward : Risk ratio is 5.4 to 1
For testing purposes only.
I, for one, definitely feel that your calls are very close. Since we don't actually get them in real-time, I often just make the trade around what you say and keep my stops in tight...furthermore, I'm experimenting with different trailing methods to see if I can't capture profit before it turns around. In generally, I'm only trading 2 lots and closing half when I reach my own personal profit target and keep the rest trailing.

This is still extremely successful, although I have yet to reach ANY of your profit targets. Despite this, the trailing method has netted almost 90% win ratio with all winning trades being MORE than 15 pips, the average winning trade being MUCH higher (40 pips or so), no trades lasting more than a few hours and a few trades reaching triple digits and more importantly not losing any more than 30 pips on a losing trade. With the RR, we're talking very high profitability anyway.

I don't think it's possible to follow this system to the tee because of the volatility, however your profit targets offer a very good insight into the strength of where you believe the mini-trend will go. Just that information alone is extremely useful to me.
  • #150
  • May 17, 2006 12:01pm May 17, 2006 12:01pm
There is a resistance zone for USD/JPY between 110.6 and 110.8. I am wondering whether it is planning on bouncing off of the lower end of this zone.

I appreciate your signals, but see them as suggestions rather than being cast in stone. As a result of your alert, I was watching the euro and shorted for a nice 155 pips. Unfortunately, I fell asleep and missed cable and swissie. My fault. Thank you for the alert.

I think it is an error if we blindly follow your alerts without exercising good judgment.

I think that cable and euro have finished their excursion southward for now and are about to retrace to where they came from this morning. I do not think that this is the big move back down just yet. Of course I could be wrong but I will try this.
  • #151
  • May 17, 2006 1:07pm May 17, 2006 1:07pm
Wednesday 5/17/2006 14:00 ET

For those shorting GBP/USD, we recommend exiting position at 1.8800 and either waiting for the currency to retrace upwards before re-entering, or going long for a retracement and then reversing after it goes up 30 to 50 pips.
  • #152
  • May 17, 2006 1:29pm May 17, 2006 1:29pm
  •  Trader#0000
  • | Status: Unregistered Trader
Hello ITME,

Your signal prediction of shorting gbp/usd last night was dead right.
I collected 184 pips move with 10 lots , a cool 1.8k profit .
Thanks again.
  • #153
  • May 17, 2006 1:52pm May 17, 2006 1:52pm
Re-enter short USD/JPY at market price (111.05 to 111.37)

USD/JPY moved very strongly upwards, and is likely to retrace down to 109.00 for a large profit.

Original Trade Signal: Wednesday 5/17/2006 12:00 ET
TS#58
Sell USD/JPY at 110.77 or higher
Stop is 111.07
Target is 109.00
Reward is min. 173 pips
Risk is max. 34 pips
Reward : Risk is min. 5 to 1
For testing purposes only.
  • #154
  • May 17, 2006 2:28pm May 17, 2006 2:28pm
Wednesday 5/17/2006 15:10 ET

TS#59

Sell USD/CAD at 1.1148 to 1.1155

Stop is 1.1178

Target is 1.1000

Reward is min. 143 pips

Risk is max. 35 pips

Reward : Ratio is min 4.1 to 1

For testing purposes only.
  • #155
  • May 17, 2006 5:19pm May 17, 2006 5:19pm
Wednesday 5/17/2006 18:00 ET

A second opportunity as presented itself to Re-enter short USD/JPY at market price (111.20 to 111.35)

Stop is 111.55

USD/JPY moved very strongly upwards, and is likely to retrace down to 109.00 for a large profit.

Original Trade Signal: Wednesday 5/17/2006 12:00 ET
TS#58
Sell USD/JPY at 110.77 or higher
Stop is 111.07
Target is 109.00
Reward is min. 173 pips
Risk is max. 34 pips
Reward : Risk is min. 5 to 1
For testing purposes only.
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  • #156
  • May 17, 2006 7:29pm May 17, 2006 7:29pm
Wednesday 5/17/2006 20:30 ET

The way things have unfolded it looks like USD/CAD will hit its final top at 111.70 to 111.77 soon. So if not already in the trade, short USD/CAD at 111.70 or slightly higher. In any case, adjust stop to 111.92 .

Original trade:

Wednesday 5/17/2006 15:10 ET
TS#59
Sell USD/CAD at 1.1148 to 1.1155
Stop is 1.1178
Target is 1.1000
Reward is min. 143 pips
Risk is max. 35 pips
Reward : Ratio is min 4.1 to 1
For testing purposes only.
  • #157
  • May 17, 2006 7:53pm May 17, 2006 7:53pm
TS #60

Sell GBP/USD at 1.8868 or higher

Stop is 1.8910

Target is 1.8582

Reward is min. 281 pips

Risk is max. 47 pips

Reward : Risk ratio is min. 6.0 to 1

For testing purposes only.
  • #158
  • May 18, 2006 8:18am May 18, 2006 8:18am
Wednesday 5/17/2006 24:00 ET

TS#61

Sell EUR/USD at 1.2780 or higher

Stop is 1.2805

Target is 1.2600

Reward is min. 177 pips

Risk is max. 28 pips

Reward : Risk ratio is 6.3 min.

For testing purposes only.

Note: due to oversight this trade signal was not posted last night. But for completeness of the experiment it is added to this forum, because it was a trade signal that our system generated.

Note - there is right now, at 19:15 ET on 5/18/2006 a second entry opportunity on this trade at a price of about 1.2790 to 1.2795. We recommend that people short EUR/USD at market price.
  • #159
  • May 18, 2006 8:27am May 18, 2006 8:27am
Thursday 5/18/2006 9:15 ET

Re-entry opportunity and stop adjustment TS#59 Short USD/CAD

Re-enter short USD/CAD at market price of 1.1195 or higher and raise stop to 1.1235
Previous trade signals:

Wednesday 5/17/2006 20:30 ET

The way things have unfolded it looks like USD/CAD will hit its final top at 111.70 to 111.77 soon. So if not already in the trade, short USD/CAD at 111.70 or slightly higher. In any case, adjust stop to 111.92 .

Original trade:

Wednesday 5/17/2006 15:10 ET
TS#59
Sell USD/CAD at 1.1148 to 1.1155
Stop is 1.1178
Target is 1.1000
Reward is min. 143 pips
Risk is max. 35 pips
Reward : Ratio is min 4.1 to 1
For testing purposes only.
  • #160
  • May 18, 2006 9:31am May 18, 2006 9:31am
Thursday 5/18/2006 10:25 ET

TS#62

Sell GBP/JPY at 209.30 to 209.40 (Market Price)

Stop is 209.73

Target is 206.80

Reward is min. 241 pips

Risk is max. 52 pips

Reward : Risk ratio is min. 4.6 to 1

For testing purposes only.
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