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Ramblings of a Forex Junkie

  • #2,361
  • Apr 16, 2013 1:21pm Apr 16, 2013 1:21pm
Quoting stricky1967
So consequently this makes the trade explorer/my fx you link to in post 1 irrelevant to the methods you trade on a live account.....that's a shame.
Not irrelevant because the entries are all at levels that I teach. You are correct however that it is not as accurate as it could be and since that is the case I will probably over the next couple of weeks go ahead and do one in the range of one thousand dollars and make it a complete model for the methods. I don't know for sure but I think that would probably be more representative of the type of account size most of you would use. I do wish I had kept a separate account for the testing so as to keep the one on myfxbook clean but I didn't and I am sorry for that. I must admit to being human and getting a little bored at times.
  • #2,362
  • Apr 17, 2013 1:33am Apr 17, 2013 1:33am
Back to normal business:

EU shorts closed and no blood lost. Small loss yesterday covered today.

Short GU off daily open and looking decent.

UJ short off previous day high. That one will be more of a struggle.

Time for bed.
  • #2,363
  • Apr 17, 2013 1:56am Apr 17, 2013 1:56am
Chris. Did you short EU off NY rolls? I've shorted GU, right or wrong, off yesterdays close as I missed the first hit of DO.
  • #2,364
  • Apr 17, 2013 2:11am Apr 17, 2013 2:11am
Quoting pipreeper
Chris. Did you short EU off NY rolls? I've shorted GU, right or wrong, off yesterdays close as I missed the first hit of DO.
Nothing new on EU tonight. I just closed out the structure I built yesterday.

GU acting like poop and UJ not much better. After a day like yesterday there may not be much movement in either direction. I may just close out my trades and go to sleep. Kind of bored now and nothing good can happen when I get bored.
  • #2,365
  • Apr 17, 2013 2:52am Apr 17, 2013 2:52am
Quoting Seneca pilot
Nothing new on EU tonight. I just closed out the structure I built yesterday. GU acting like poop and UJ not much better. After a day like yesterday there may not be much movement in either direction. I may just close out my trades and go to sleep. Kind of bored now and nothing good can happen when I get bored.
Every thing is closed. Maybe a little too early but nice gains for the day. Going to bed now Good luck everyone.
  • #2,366
  • Edited 4:47am Apr 17, 2013 4:35am | Edited 4:47am
The ORB trade on EU unfortunately lost again...but the levels pay out nicely today.

My last trade on GJ. Short on previous day's high, exit on yesterday's NY close for +123 pips gain that equals to 3.5R.
SL was 35 pips. Anyhow, drawdown was < 10 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 47 KB
  • #2,367
  • Apr 17, 2013 5:53am Apr 17, 2013 5:53am
Hi Gents,

Played the DailyHigh on EU and GJ today, amazing RR. ( EU still open with SL brought down at DailyOpen).

It looks like DailyHigh and DailyLow offer the best winratio and RR (especially with GJ) but that's just less than 2 weeks forward testing,

Cheers,
the market is not random but anything can happen.
  • #2,368
  • Apr 17, 2013 5:56am Apr 17, 2013 5:56am
Hi SP,

You said you have a number of real account. Are you current trading for a living with the profit made over there?
  • #2,369
  • Apr 17, 2013 7:48am Apr 17, 2013 7:48am
Quoting vspatrick
Hi Gents, Played the DailyHigh on EU and GJ today, amazing RR. ( EU still open with SL brought down at DailyOpen). It looks like DailyHigh and DailyLow offer the best winratio and RR (especially with GJ) but that's just less than 2 weeks forward testing, Cheers,
The highs and lows are very reliable and rewarding. Simple works best.
  • #2,370
  • Apr 17, 2013 7:55am Apr 17, 2013 7:55am
Quoting kk007
Hi SP, You said you have a number of real account. Are you current trading for a living with the profit made over there?
This is my job.
  • #2,371
  • Apr 17, 2013 8:06am Apr 17, 2013 8:06am
Quoting Olarion1975
The ORB trade on EU unfortunately lost again...but the levels pay out nicely today. My last trade on GJ. Short on previous day's high, exit on yesterday's NY close for +123 pips gain that equals to 3.5R. SL was 35 pips. Anyhow, drawdown was < 10 pips. {image}
I took the daily open on GU and closed it much too soon.

The ORB can be frustrating at times, we need a bit of trend. The three weeks before this were magnificent. Today the bastards just had to see 1.32 one more time. Second entry was the charm though.
  • #2,372
  • Apr 17, 2013 8:47am Apr 17, 2013 8:47am
hi guys, hope you had/having a good day.. Lots of beautiful opening range breakouts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,373
  • Apr 17, 2013 9:03am Apr 17, 2013 9:03am
Hi SP,

Why haven't you bought GU yesterday low? It is a loser.

Why would you shorted GU at 1:18am instead?
  • #2,374
  • Apr 17, 2013 9:15am Apr 17, 2013 9:15am
Quoting kk007
Hi SP, Why haven't you bought GU yesterday low? It is a loser. Why would you shorted GU at 1:18am instead?
I take the FIRST trade triggered in the European session. GU daily open was that trade. I didn't take the low because I have to sleep sometime, the momentum was down, and although it lost there was an easy opportunity to short it in the retest of the level. I don't always state the obvious in the thread but you did see the massive H&S on the four hour chart didn't you? Other than the exit being WAY too early did you see a problem with the short on GU that I missed?
  • #2,375
  • Apr 17, 2013 9:17am Apr 17, 2013 9:17am
Quoting billytt
hi guys, hope you had/having a good day.. Lots of beautiful opening range breakouts
Yes Billy you'd have to be pretty happy with a day like this. I made 5.6% today and my exits were horrible as usual. Shoulda coulda woulda made ten plus percent today if I didn't have to sleep.
  • #2,376
  • Apr 17, 2013 9:24am Apr 17, 2013 9:24am
I am starting to think that everything would just work out better if Bernanke and Draghi just meet in a neutral country and have a street fight to see who gets to have the lower priced currency. All this comment vs. comment playing out in the media is too cumbersome. Maybe Kuroda could come too and they could just have a brawl. Thrilla in Manilla style.
  • #2,377
  • Apr 17, 2013 9:25am Apr 17, 2013 9:25am
Quoting Seneca pilot
I take the FIRST trade triggered in the European session. GU daily open was that trade. I didn't take the low because I have to sleep sometime, the momentum was down, and although it lost there was an easy opportunity to short it in the retest of the level. I don't always state the obvious in the thread but you did see the massive H&S on the four hour chart didn't you? Other than the exit being WAY too early did you see a problem with the short on GU that I missed?
Thanks SP, Sorry I can't see an obvious H&S on H4, is its neckline horizontal? And no, I can't see why you said the exit being WAY too early for the trade you missed (for the yesterday low setup, it was a loser)...
  • #2,378
  • Apr 17, 2013 9:32am Apr 17, 2013 9:32am
Quoting kk007
Thanks SP, Sorry I can't see an obvious H&S on H4, is its neckline horizontal? And no, I can't see why you said the exit being WAY too early for the trade you missed (for the yesterday low setup, it was a loser)...
I shorted the daily open on GU and exited too soon. As we can see in hindsight I should have been short until now. The news spike would have been a great place to exit.

Can you see it now? I don't trade these I trade the levels but this is good information to help with when to be looking long and hen to be looking short.
Attached Image (click to enlarge)
Click to Enlarge Name: h&s.gif Size: 20 KB
  • #2,379
  • Apr 17, 2013 9:36am Apr 17, 2013 9:36am
Olarian I hope you got in short on the second ORB trade this thing is cooking. I got thirty pips on half and now with the news its really moving. Might make up for the beginning of the week with this one.
  • #2,380
  • Apr 17, 2013 9:47am Apr 17, 2013 9:47am
Quoting Seneca pilot
I shorted the daily open on GU and exited too soon. As we can see in hindsight I should have been short until now. The news spike would have been a great place to exit. Can you see it now? I don't trade these I trade the levels but this is good information to help with when to be looking long and hen to be looking short. {image}
Thanks, SP, I can see the H&S now, but I don't trade it, so I can't see it in an obvious way. And, I try to prevent the thinking of "what should I have done on hindsight", because I have experience that this mode of thinking had given me too unrealistic profit expectation.
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