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1minute 1 trade

  • #1,641
  • Aug 21, 2012 2:29am Aug 21, 2012 2:29am
-5% again this morning.
  • #1,642
  • Aug 21, 2012 2:33am Aug 21, 2012 2:33am
you mean entry at 08:02? I lost too.. how long id your Los string already??
JacekPreserve Precious Capital
  • #1,643
  • Aug 21, 2012 2:38am Aug 21, 2012 2:38am
Well I missed out on trading yesterday but made up for that just now. Had to use a bigger stop than normal thus the take profit was larger too... but none of that matted as it climbed up pretty quickly!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eur120821-2.gif Size: 20 KB
  • #1,644
  • Aug 21, 2012 2:40am Aug 21, 2012 2:40am
Quoting Jackub
you mean entry at 08:02? I lost too.. how long id your Los string already??
Wow, I was a few mins late getting to my charts.... lucky me I guess.
  • #1,645
  • Aug 21, 2012 2:45am Aug 21, 2012 2:45am
Look like it was'n first signal today, but lucky you...
JacekPreserve Precious Capital
  • #1,646
  • Aug 21, 2012 2:56am Aug 21, 2012 2:56am
The entry point for this morning's trade was during the 8.16 bar, until that point price had reversed against the signal.

Entering a trade whilst price is clearly moving against you is the surest way to lose money, don't understand why anyone does it.

Bobinabottle, maybe not lucky, maybe just using basic trading skill.
  • #1,647
  • Aug 21, 2012 3:00am Aug 21, 2012 3:00am
sir, at 08:02 had third in a row green bar....
JacekPreserve Precious Capital
  • #1,648
  • Aug 21, 2012 3:03am Aug 21, 2012 3:03am
Attached how I traded today. 360's level was overnight support and 200 mov avg. Worked well for me, 75% possition closed at 410 the rest on auto pilot with 50 pips margin.

Banita
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Click to Enlarge Name: EURUSD_21-08-2012.PNG Size: 15 KB
  • #1,649
  • Aug 21, 2012 3:04am Aug 21, 2012 3:04am
Quoting Jackub
sir, at 08:02 had third in a row green bar....
Yes, don't dispute the time of the signal, but then what happened?

Price immediately reversed against the signal, why would you enter a trade when price is clearly against you, that's suicide in this business.
  • #1,650
  • Aug 22, 2012 3:46am Aug 22, 2012 3:46am
-5% 2day
JacekPreserve Precious Capital
  • #1,651
  • Aug 23, 2012 3:20am Aug 23, 2012 3:20am
Another losing trade today. The 7th consecutive loser since 15th Aug.
  • #1,652
  • Aug 23, 2012 3:21am Aug 23, 2012 3:21am
same here...
JacekPreserve Precious Capital
  • #1,653
  • Edited 9:19am Aug 23, 2012 4:32am | Edited 9:19am
Every trend from session open to London open has huge angle.
Even if rules say about first signal it's irrational to take it and expecting a good long entrance near week's high.
After all there must be room for Friday to go up.
Don't Fight Forces, Use Them.
  • #1,654
  • Aug 23, 2012 4:44am Aug 23, 2012 4:44am
Quoting sidefx
Another losing trade today. The 7th consecutive loser since 15th Aug.
Since 15th on 8am bias trades I've had 4 wins, 3 losses using basic method/mm but probably different trading rules.
  • #1,655
  • Aug 23, 2012 4:45am Aug 23, 2012 4:45am
Paulus designed this strat to be purely mechanical and that's how most of us are forward testing this.
  • #1,656
  • Aug 23, 2012 4:46am Aug 23, 2012 4:46am
Quoting strada
Since 15th on 8am bias trades I've had 4 wins, 3 losses using basic method/mm but probably different trading rules.
What rules are you using?
  • #1,657
  • Aug 23, 2012 5:55am Aug 23, 2012 5:55am
Quoting sidefx
What rules are you using?
Hi Sidefx, using basic indies/mm as in page 1.
Rules are geared to paulus's desire to capture retracements.
On 1 minute on EU the SL/TP has to be relative. If they are too high the chances are that more than a retracement is needed to profit.
So I use the tightest Sl's I can find (but not less than 2), no extensions apart from spread.
More info elsewhere if you're interested, check in my profile.
Strada.
  • #1,658
  • Aug 23, 2012 6:16am Aug 23, 2012 6:16am
Quoting strada
Hi Sidefx, using basic indies/mm as in page 1.
Rules are geared to paulus's desire to capture retracements.
On 1 minute on EU the SL/TP has to be relative. If they are too high the chances are that more than a retracement is needed to profit.
So I use the tightest Sl's I can find (but not less than 2), no extensions apart from spread.
More info elsewhere if you're interested, check in my profile.
Strada.
I'm using Paulus' original rules including his 2hr directional bias. What's your '8am bias'?...a 1hr (7-8am) slot for the trade direction?...haven't been able to wade through all your posts to find it. Cheers.
  • #1,659
  • Aug 23, 2012 6:19am Aug 23, 2012 6:19am
Quoting sidefx
I'm using Paulus' original rules including his 2hr directional bias. What's your '8am bias'?...a 1hr (7-8am) slot for the trade direction?...haven't been able to wade through all your posts to find it. Cheers.
On the 8am Bias trades use the 2 hours prior to London open.
  • #1,660
  • Aug 25, 2012 2:28am Aug 25, 2012 2:28am
Good day to all.

The system looks and sounds interesting with some mixed results.Sounds to me that you guys are trying to fade the Frankfurt open also known as Frankie or the Frankie fake.Does anybody have any idea why the the person that started this thread abandon it?

Does any body keep a trade record for these trades for the last 2months?

The R:R ratio should be able to keep the system afloat for a while but seems like there has been some problems of late?

Is anybody trading this system on there live accounts or are we still in the demo phase of it all?

Hope someone will be able to provide some data for analysis so we can see if the system has some value.

GOOD LUCK AND GREEN PIPS TO ALL INVOLVED

ROOI:nerd:
We miss 100% of the shots we don't take
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