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Jerry's new session break-out strategy

  • #61
  • Jan 8, 2013 5:28am Jan 8, 2013 5:28am
Hi guys, my first day of trying this method out today at 1:30pm set orders and came back at 3.p.m.

GU, Buy triggered and hit s/l, sell hit t/p. 0

EU, sell hit t/p, cancelled buy at 3pm. +10

EJ, buy hit s/l, sell hit s/l. -20
  • #62
  • Jan 8, 2013 6:42am Jan 8, 2013 6:42am
EJ short...not taken, too close to ADR low..IMHO
I never lose - either I win or I learn...
  • #63
  • Jan 8, 2013 7:07am Jan 8, 2013 7:07am
EU -10
UC -10....bad day today
I never lose - either I win or I learn...
  • #64
  • Jan 8, 2013 9:24am Jan 8, 2013 9:24am
Hi Everyone,

This morning my first time I used this system and I got very promising results.
E/U + 15
G/U + 15
U/CAD + 10
E/J + 10

We can get much more pips from those trades if you trail it or even better trade two or three lots and exit gradually.
But you have to MANAGE trades very careful.

I will try this week.

Jerry thank you for this very simple and profitable system.
Edward
  • #65
  • Jan 8, 2013 11:22am Jan 8, 2013 11:22am
jmtini, please send me the details to your method via PM or email ([email protected])
  • #66
  • Jan 8, 2013 11:32am Jan 8, 2013 11:32am
Quoting Edinburg50
Hi Everyone,

This morning my first time I used this system and I got very promising results.
E/U + 15
G/U + 15
U/CAD + 10
E/J + 10

We can get much more pips from those trades if you trail it or even better trade two or three lots and exit gradually.
But you have to MANAGE trades very careful.

I will try this week.

Jerry thank you for this very simple and profitable system.
Edward
Hi buddy,
please can you explain your trades more detailed (entry/exit), maybe I can learn from you...
Do you trade according to the rules from Jerry?

thanks, jdva
I never lose - either I win or I learn...
  • #67
  • Jan 8, 2013 12:14pm Jan 8, 2013 12:14pm
Hi Jdva,

Sorry I didn't mention I trade the same way but New York session, and use 5pip above-below.
I'm in Eastern Time.

Regards
Edward
  • #68
  • Jan 8, 2013 12:45pm Jan 8, 2013 12:45pm
Quoting Edinburg50
Hi Jdva,

Sorry I didn't mention I trade the same way but New York session, and use 5pip above-below.
I'm in Eastern Time.

Regards
Edward
OK, Edward, I do understand....you missed the London session with all the losses (EU,EJ,GU) of the longs........and took just the winning shorts after the european time-out at 10h GMT in NY session....

nevertheless well done...and stay tuned, a bit luck is always welcome on trading...

HT jdva
I never lose - either I win or I learn...
  • #69
  • Jan 8, 2013 12:50pm Jan 8, 2013 12:50pm
Quoting jdva
OK, Edward, I do understand....you missed the London session with all the losses (EU,EJ,GU) of the longs........and took just the winning shorts after the european time-out at 10h GMT in NY session....

nevertheless well done...and stay tuned, a bit luck is always welcome on trading...

HT jdva


Hi


jdva

Thanks for your help here - I think that we can open up the parameters on the thread as I can't keep up with all the PM's!!


I recorded 2 losses today but your improvements and the contributors are greatly appreciated
  • #70
  • Jan 8, 2013 12:54pm Jan 8, 2013 12:54pm
Guys - any improvements you want to make to the strategy - please go ahead and post them here so that all can benefit.


The trading conditions today were really horrendous (in my opinion) - I know because my magic-breakout EA only produces good results when we're in a steady trend returned some pretty awful figures today!
  • #71
  • Jan 8, 2013 12:55pm Jan 8, 2013 12:55pm
Quoting Edinburg50
Hi Everyone,

This morning my first time I used this system and I got very promising results.
E/U + 15
G/U + 15
U/CAD + 10
E/J + 10

We can get much more pips from those trades if you trail it or even better trade two or three lots and exit gradually.
But you have to MANAGE trades very careful.

I will try this week.

Jerry thank you for this very simple and profitable system.
Edward

Thanks so much Edward


Warms my heart, really!!
  • #72
  • Jan 8, 2013 1:19pm Jan 8, 2013 1:19pm
OK, Jerry thanks....

EU chart shows very well how PA took place between ADR high/low, the long this morning was just below the high and so somewhat risky, but we want to avoid second-guessing.....not always easy

overlooking the time-out would have made nice pips on shorts.....but that's benefit on hindsight,

or how do you think about this?

HT jdva
Attached Image (click to enlarge)
Click to Enlarge Name: EU JBO.png Size: 46 KB
I never lose - either I win or I learn...
  • #73
  • Jan 9, 2013 2:47am Jan 9, 2013 2:47am
morning JBO trades:

EJ short -10
EJ long 1/2 +10, 1/2 +15
EU long -10
GU long +10
I never lose - either I win or I learn...
  • #74
  • Jan 9, 2013 3:05am Jan 9, 2013 3:05am
None of my buy or sell orders triggered by 10:am on G/U, E/U and E/J so I cancelled them.
  • #75
  • Jan 9, 2013 3:54am Jan 9, 2013 3:54am
Quoting normtold
None of my buy or sell orders triggered by 10:am on G/U, E/U and E/J so I cancelled them.
I wonder if you are working on the correct time.
GU long was triggered and depending on whether you include spread, it was a win or a loser.
Needs to be clarified whether we just work on the bid price or include the spread when placing SL and TP
EU long was triggered and resulted in minus 10 pips
EJ short was triggered with a 10 pip loss
EJ long was triggered and hit 10 pip target.
I think that you are working with a different time zone to GMT

At the time that I am making this post it is 11:54 AM GMT
Please Do Not PM Me With Coding Enquiries
  • #76
  • Jan 9, 2013 4:23am Jan 9, 2013 4:23am
Hi everyone


SORRY - I'll give everyone's posts a good read and will reply later.

Have to rush out!!



GREAT DAY SO FAR WASN'T IT!!

I had EJ + 20

EU + 10

GU + 10
  • #77
  • Jan 9, 2013 4:42am Jan 9, 2013 4:42am
Quoting Gumrai
I wonder if you are working on the correct time.
GU long was triggered and depending on whether you include spread, it was a win or a loser.
Needs to be clarified whether we just work on the bid price or include the spread when placing SL and TP
EU long was triggered and resulted in minus 10 pips
EJ short was triggered with a 10 pip loss
EJ long was triggered and hit 10 pip target.
I think that you are working with a different time zone to GMT

At the time that I am making this post it is 11:54 AM GMT
you are correct, Gumrai, results are similar with mine.....

I did not pay attention to the time-out function this morning (not cancelling for testing purpose) and had still 3 wins:

EU +12 (partial close)
GU +10
UC +8
I never lose - either I win or I learn...
  • #78
  • Jan 9, 2013 5:50am Jan 9, 2013 5:50am
Yes you are right, I am normally in the UK but for the next week in South Africa +2 GMT, tomorrow I have a having a lay in
  • #79
  • Edited Jan 10, 2013 2:23am Jan 9, 2013 9:23am | Edited Jan 10, 2013 2:23am
i´m in..lets give it a try..i am actually trying something quite similar but this aproach looks slightily better..lets see..

Good luck all

but im still doubtful about timing...which is the exact timezome to do this...i.e...im from spain which is actually GMT+1?
  • #80
  • Jan 10, 2013 6:04am Jan 10, 2013 6:04am
afternoon trades:

EJ +20
GU +20
EU missed entry...
I never lose - either I win or I learn...
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