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My GBPJPY trade journal

  • #1,201
  • Aug 8, 2012 6:43am Aug 8, 2012 6:43am
Is it me or has there been a couple of opportunities at the 100 pips.

Starting on Monday during the Asian

then on Tuesday at London open through to close

and now today??

Would like people's thoughts especially Greg if your out there.

Its been a while but I think markets may have picked up again
  • #1,202
  • Aug 10, 2012 9:05am Aug 10, 2012 9:05am
Quoting whyphi
Is it me or has there been a couple of opportunities at the 100 pips.
Yes, there were 100 pips opportunites this week.
I am big Gregs fun, so I took two good trades.
Here is my trade journal, if Mr. Greg don't mind.
Attached Image (click to enlarge)
Click to Enlarge Name: GJWeek.png Size: 97 KB
  • #1,203
  • Oct 27, 2012 12:26pm Oct 27, 2012 12:26pm
Hi guys,

I just finished reading this nice thread. My question is why does he enters the market 2-3-4 times with the same lot size at the same point (the exact pip). Whats the difference between what he's doing than just opening one position but with 2-3-4 times more lot size. Since Greg the owner of the thread seems like not posting, maybe some of you knows the answer to my question.

Edit: I mean entering 5-10 pips in the move for the second time, and then again waiting 5-10 pips for the third entry makes much more sense to me, (so basically adding when the price confirms) but this is not the case. Im curious for the reason behind this, but maybe Im just an idiot.

Thanks much
  • #1,204
  • Oct 28, 2012 11:55pm Oct 28, 2012 11:55pm
Quoting Mjolnir17
My question is why does he enters the market 2-3-4 times with the same lot size at the same point....

Thanks much
Well I have met with Greg a number of times as we live in the same city.

I don't think that there is a strategic answer to your question. I believe it is just his style and he seems to decide on what number of entries to make, rather than what size entry to make.

Hope this helps.

Also hope to see Greg soon !!
  • #1,205
  • Oct 29, 2012 2:25am Oct 29, 2012 2:25am
Quoting Price
Well I have met with Greg a number of times as we live in the same city.

...

Also hope to see Greg soon !!
Thanks for answering yes, I hope too!
  • #1,206
  • Oct 29, 2012 9:09am Oct 29, 2012 9:09am
Quoting Mjolnir17
Hi guys,

I just finished reading this nice thread. My question is why does he enters the market 2-3-4 times with the same lot size at the same point (the exact pip). Whats the difference between what he's doing than just opening one position but with 2-3-4 times more lot size. Since Greg the owner of the thread seems like not posting, maybe some of you knows the answer to my question.

Edit: I mean entering 5-10 pips in the move for the second time, and then again waiting 5-10 pips for the third entry makes much more sense to me, (so basically...
It could also be to do with closing out positions and closing positions 1 & 2 and leaving 3 and whatever else. Some brokers do not have partial position closing and the FIFO rule may inhibit the exit process as well. In the end I think only Greg can answer that one and he seems to have been AWOL for a little time, probably enjoying himself.
  • #1,207
  • Oct 29, 2012 1:37pm Oct 29, 2012 1:37pm
Quoting Razor_trader
It could also be to do with closing out positions and closing positions 1 & 2 and leaving 3 and whatever else. Some brokers do not have partial position closing and the FIFO rule may inhibit the exit process as well.
Thanks for this one as well, havent thought about this. Although he mentioned somewhere in the thread what broker is he using, but I dont think they have FIFO though.

Happy trading
  • #1,208
  • Oct 30, 2012 6:13am Oct 30, 2012 6:13am
Quoting Mjolnir17
Thanks for this one as well, havent thought about this. Although he mentioned somewhere in the thread what broker is he using, but I dont think they have FIFO though.

Happy trading
Its not a matter of FIFO but pain tolerance or insecurity direction of price.
Money is the result derived from the execution of a skillset
  • #1,209
  • Nov 14, 2012 9:40am Nov 14, 2012 9:40am
Quoting yonseo
Thanks ALOT Greg for the information and your gem insight!

Now I can see your setups clearly on the FXDD charts while trading on my OANDA charts.

I tried to replicate your Chart setup as closely as possible except where I use red for bull candles and blue for bear candles. Koreans choose red for price going up and blue for down. It was confusing like no tomorrow switching it around. hehe

Looks like I was lucky to see the right setup that you did this time round.

I couldn't make much use of the stochastics and MACD indicators at this stage...
What is the indicator you have displaying the lower Time Frame mini charts on the right? VERY nice.. Thanks
  • #1,210
  • Nov 21, 2012 10:14am Nov 21, 2012 10:14am
Quoting DoAndBecome
What is the indicator you have displaying the lower Time Frame mini charts on the right? VERY nice.. Thanks
Its called "MiniChart_v12"

Hope this helps.
  • #1,211
  • Nov 23, 2012 8:13am Nov 23, 2012 8:13am
Quoting yonseo
Its called "MiniChart_v12"

Hope this helps.
Thanks
  • #1,212
  • Nov 23, 2012 9:07am Nov 23, 2012 9:07am
Quoting yonseo
Its called "MiniChart_v12"

Hope this helps.
Can you please attach it?
Dont want to download it from untrusted sources :/
Thanks a lot!
Happy Trading!
  • #1,213
  • Nov 23, 2012 7:31pm Nov 23, 2012 7:31pm
Quoting Mjolnir17
Can you please attach it?
Dont want to download it from untrusted sources :/
Thanks a lot!
Happy Trading!

Sure
Attached File(s)
File Type: ex4 MiniChart_v12.ex4   37 KB | 494 downloads
  • #1,214
  • Nov 24, 2012 2:33am Nov 24, 2012 2:33am
Quoting yonseo
Sure


Thanks !
  • #1,215
  • Jan 21, 2013 2:49pm Jan 21, 2013 2:49pm
Hi Greg, I hope you are well.
Hello everyone too,

I just finished reading this thread of enlightenment. It's a goldmine to me. It will be bound into book. I found what I was looking for. Thanks to your generosity. In two weeks I increased my account balance for 16%+. My best results ever and with only 7 trades made (4 profit, 2 at BE, 1 loss). You changed my approach to the market. I am not getting too excited, it's a new journey for me and I believe this one for long, but now it's different, because now I am looking for a purpose to make a trade, not a trade to make a purpose.

I just wanted to say thank you,
Best of luck to you and your family.


Marijus
  • #1,216
  • May 15, 2013 12:19pm May 15, 2013 12:19pm
why has this thread died?

has the system fallen on harder times?
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #1,217
  • Edited 11:48am Jun 16, 2013 4:34am | Edited 11:48am
Quoting pemully
why has this thread died? has the system fallen on harder times?
Surly not. This tread is a gold mine and its worthy rereading Gregs post again and again. I trade GJ similary (not 100 pips tp only) and regulary find out how deep is truth in his words. Hope he is live and healthy.
  • #1,218
  • Jul 21, 2013 10:16am Jul 21, 2013 10:16am
Anyone know if greg trades anymore?
  • #1,219
  • Jul 31, 2013 1:03am Jul 31, 2013 1:03am
Quoting TradeTango
{quote} Surly not. This tread is a gold mine and its worthy rereading Gregs post again and again. I trade GJ similary (not 100 pips tp only) and regulary find out how deep is truth in his words. Hope he is live and healthy.
Proof that this method works as long as one knows how to WAIT for the best setups. IMHO the method is difficult to master because it cannot be backtested and theres no fixed way exiting your position on a loss. I placed a trade which was handled terribly but only turned out to be a winner due to the setup opportunity the next day that favored my directional bias.
Attached Image (click to enlarge)
Click to Enlarge Name: Monday Trade.jpg Size: 392 KB
  • #1,220
  • Nov 14, 2013 4:41pm Nov 14, 2013 4:41pm
This is probably the best thread on here. We just had a really good set up on UJ, GJ, and AU last night, shame I missed it.

Trading EU and GU too much.

Thanks for your work here Greg.
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