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JCP's System – Using Multiple TFs

  • #21
  • Aug 1, 2012 7:09pm Aug 1, 2012 7:09pm
Here's an entry attempt at the pullback to the touch of the EMA cross. Didn't wait for the close on this, as will not be online for the next couple of hours, and it was looking like it may not close beyond. Initial SL is just above yesterdays high.
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  • #22
  • Aug 1, 2012 7:27pm Aug 1, 2012 7:27pm
Quoting Jcp
Here's an entry attempt at the pullback to the touch of the EMA cross. Didn't wait for the close on this, as will not be online for the next couple of hours, and it was looking like it may not close beyond. Initial SL is just above yesterdays high.
The plan for this setup, if I can get a position to stick.
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  • #23
  • Aug 2, 2012 9:01am Aug 2, 2012 9:01am
Quoting Jcp
Here's an entry attempt at the pullback to the touch of the EMA cross. Didn't wait for the close on this, as will not be online for the next couple of hours, and it was looking like it may not close beyond. Initial SL is just above yesterdays high.
Woke up this morning and wasn't expecting the large move, it's exactly why I prefer to set positions to BE quickly after movement. On the sidelines again with this as well as the other pairs I'm watching. Still short bias on this pair though via the Monthly, if 15M crosses down again, that would be another opportunity.
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  • #24
  • Aug 2, 2012 4:23pm Aug 2, 2012 4:23pm
Another attempt. Emergency SL is a ways off, will abort quickly if need be.
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  • #25
  • Aug 2, 2012 7:20pm Aug 2, 2012 7:20pm
Quoting Jcp
Another attempt. Emergency SL is a ways off, will abort quickly if need be.
Moving SL, down above recent peak, will move to BE if we get a good burst down.
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  • #26
  • Aug 9, 2012 1:28am Aug 9, 2012 1:28am
Entry Today on eurusd TF15

Great !
Attached Image
  • #27
  • Aug 16, 2012 9:14am Aug 16, 2012 9:14am
Quoting activemax
Entry Today on eurusd TF15

Great !
Hello activemax, apologies for the later reply as I had an injury a couple of weeks ago which keep me away from work for awhile.

The setup was good if you either took quick profits or set your SL to BE quickly. Most of my trades over the last month have been small losses or breakeven. I haven't made any attempts in the last couple of weeks due to my situation, but all my open positions are always set to break even once they take off. The ones open now are in the +500-1000 pip range, and these are ones that stuck early on in the year. Some are setting up for possible positions going the other way, which is the ideal place for me to be.
  • #28
  • Aug 16, 2012 9:33am Aug 16, 2012 9:33am
In looking over my posts from the beginning of the thread I think I have made a bit of a mess organizationally in introducing several of my approaches, so my apologies. I'd like to slow it down a bit from here on out at just focus on current trades as they happen, and let the approach/system unfold as it progresses.

As I scroll through the pairs, here's a fresh cross on the 4H for NZDCHF. Nothing wrong with entering right off the 4H with a smaller position either, I'll often do that to get my feet wet, just be sure to place SL above the recent peak. Then I just keep an eye on the lower TF's for entries as well, knowing full well that 1 or 2 out of every 10 attempts will fail, but that's just my preference, looser SL's right off the higher TFs can work, and will keep you in more trades.
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  • #29
  • Aug 16, 2012 4:41pm Aug 16, 2012 4:41pm
Quoting Jcp
In looking over my posts from the beginning of the thread I think I have made a bit of a mess organizationally in introducing several of my approaches, so my apologies. I'd like to slow it down a bit from here on out at just focus on current trades as they happen, and let the approach/system unfold as it progresses.

As I scroll through the pairs, here's a fresh cross on the 4H for NZDCHF. Nothing wrong with entering right off the 4H with a smaller position either, I'll often do that to get my feet wet, just be sure to place SL above the recent...
This has pulled back on the 15M and given an entry opportunity at 7880
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  • #30
  • Aug 16, 2012 8:10pm Aug 16, 2012 8:10pm
Another crossover setup on 4H. Just entered small here right off the 4H.
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  • #31
  • Aug 17, 2012 11:48am Aug 17, 2012 11:48am
JCP, are you still using your strategy? Can you report your results please?
  • #32
  • Aug 17, 2012 12:36pm Aug 17, 2012 12:36pm
Quoting Walad100100
JCP, are you still using your strategy? Can you report your results please?
Yes, I am still using the strategies introduced here. The results have been consistent account growth and profits. If you mean results from yesterdays entries? Then those are still open and being managed as they progress.
  • #33
  • Aug 17, 2012 12:52pm Aug 17, 2012 12:52pm
Quoting Jcp
Yes, I am still using the strategies introduced here. The results have been consistent account growth and profits. If you mean results from yesterdays entries? Then those are still open and being managed as they progress.
Thanks JCP. No, I meant since the inception of the strategy. Specifically:

How long you have been trading it?
The profit percentage per week or month?
Win/Lose ratio.

Do you have a complete summary of the strategy with all lessons learned?
  • #34
  • Aug 17, 2012 1:02pm Aug 17, 2012 1:02pm
Quoting Walad100100
Thanks JCP. No, I meant since the inception of the strategy. Specifically:

How long you have been trading it?
The profit percentage per week or month?
Win/Lose ratio.

Do you have a complete summary of the strategy with all lessons learned?
I don't keep win/loss ratio results for each trade, but I do track weekly/monthly profits very closely. I have 4 different accounts. I've attached my log for one of them, and show how I track and manage weekly profits. Hope this doesn't confuse things.

Just a note on tracking trades, I do log each trade on a notepad, but it's not something I refer to at later dates for stats ect... It eventually gets tossed once the position(s) are closed. I find that positions become too "precious" if I log them.
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  • #35
  • Aug 21, 2012 11:44am Aug 21, 2012 11:44am
Quoting Jcp
In looking over my posts from the beginning of the thread I think I have made a bit of a mess organizationally in introducing several of my approaches, so my apologies. I'd like to slow it down a bit from here on out at just focus on current trades as they happen, and let the approach/system unfold as it progresses.

As I scroll through the pairs, here's a fresh cross on the 4H for NZDCHF. Nothing wrong with entering right off the 4H with a smaller position either, I'll often do that to get my feet wet, just be sure to place SL above the recent...
A quick update on this, breaking down, will be setting SL to BE soon.
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  • #36
  • Aug 21, 2012 11:45am Aug 21, 2012 11:45am
Quoting Jcp
Another crossover setup on 4H. Just entered small here right off the 4H.
This one was giving some wiggle room and is still in play.
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  • #37
  • Aug 21, 2012 11:46am Aug 21, 2012 11:46am
This is setting up and will likely enter at some point near end of day.
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  • #38
  • Aug 21, 2012 4:47pm Aug 21, 2012 4:47pm
Quoting Jcp
This is setting up and will likely enter at some point near end of day.
JCP, I thought you will enter Short at the closing of the first green bar that happened almost 4 bars back?

Right?
  • #39
  • Aug 21, 2012 5:09pm Aug 21, 2012 5:09pm
Correct, good catch, the close above would be the time to enter, I missed it so will likely enter with a smaller position. I don't like too many open at the same time that are not set to BE, as I still have the NZD/USD open and these are similar setups, so wanted to see if I have the opportunity to set this one to BE before entering AUDUSD.
  • #40
  • Aug 21, 2012 5:16pm Aug 21, 2012 5:16pm
NU is also setting up on the 15M again, will be watching, but remember most of these 15M setups will end up with either small loss or breakeven.
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