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We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

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The System II (Yes with irony)

  • #16,161
  • Jul 18, 2014 8:45am Jul 18, 2014 8:45am
Quoting Juri
{quote} GBP/JPY took another short yesterday and was stopped out via trailingstop (+90p) ...buy order was triggered today {image}

GBP/JPY

long trade was a loss but i took a short and its getting hit the target right now

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 49 KB
Pressure shapes Legends
  • #16,162
  • Jul 18, 2014 8:48am Jul 18, 2014 8:48am
G/U

hit my target also here +40p.

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Pressure shapes Legends
  • #16,163
  • Jul 18, 2014 8:49am Jul 18, 2014 8:49am
EUR/JPY

here was my target about 20p.

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Pressure shapes Legends
  • #16,164
  • Jul 18, 2014 1:20pm Jul 18, 2014 1:20pm
Quoting Juri
{quote} I remember Feb saying something like that : "As a part of my research, I have some "guru's " friends who assure me (ha!) that a "qualified"( ha! again) swing on the mayors (EUR/USD...GPB/USD USD/JPY USD/CHF) is between 30-40 ticks" I try to go with that. trade well
Great trades Juri, how are you finding it with the current market conditions? When Feb began this thread 5 years ago we enjoyed much larger daily ranges with the main pairs, at least double what we are experiencing now. So its interesting that you still wait for 30-40 pip swings before looking for an entry. For EURUSD USDJPY and USDCHF that could often be their entire daily ranges at the moment. Or would you consider a 20-25 pip swing enough as were experiencing less volatility now?

Keep the trades coming good stuff
  • #16,165
  • Jul 18, 2014 1:50pm Jul 18, 2014 1:50pm
Quoting spacePip
{quote} Great trades Juri, how are you finding it with the current market conditions? When Feb began this thread 5 years ago we enjoyed much larger daily ranges with the main pairs, at least double what we are experiencing now. So its interesting that you still wait for 30-40 pip swings before looking for an entry. For EURUSD USDJPY and USDCHF that could often be their entire daily ranges at the moment. Or would you consider a 20-25 pip swing enough as were experiencing less volatility now? Keep the trades coming good stuff

Thanks for your input my friend! Well thats a good point! Its not that easy as it looks like, off course. So i started to demoing this system with the main pairs with the lowest spreads. E/U, G/U, A/U, E/J, E/G, U/CAD, U/CHF, ...after a few weeks ( i don't was profitable at all) i screened my results and find out that only G/U and E/J was profitable. Than i discovered G/J...well this pair looks amazing in this strategy ( regardless of the big spread).

So i decided to get live with G/U, E/J and G/J for a few weeks.

Let`s see ...
Pressure shapes Legends
  • #16,166
  • Jul 18, 2014 1:55pm Jul 18, 2014 1:55pm
So the best settings so far for me are :


for: E/U, A/U, E/J ---> S/L 20p - T/P 20p
for: G/U ---> S/L 20p - T/P 40p - Trail/S 20p.
for G/J ---> S/L 20p - T/P 60p - Trail/S 20p.
Pressure shapes Legends
  • #16,167
  • Jul 20, 2014 2:09pm Jul 20, 2014 2:09pm
Quoting spacePip
{quote} Or would you consider a 20-25 pip swing enough as were experiencing less volatility now?
I think a significant move has to be greater then 25 pips. All less is just noise imho ...By the way i trade something similar to the System II on stocks market. It looks very promising on the daily charts but thats another story ...
Pressure shapes Legends
  • #16,168
  • Jul 21, 2014 5:55am Jul 21, 2014 5:55am
Quoting Juri
{quote} I think a significant move has to be greater then 25 pips. All less is just noise imho ...By the way i trade something similar to the System II on stocks market. It looks very promising on the daily charts but thats another story ...
Good work Juri. You make this wonderfull thread live again. I seriously considering to follow suit..
Go figure.. Simplicity work
  • #16,169
  • Jul 22, 2014 9:54am Jul 22, 2014 9:54am
Quoting tokwanden
{quote} Good work Juri. You make this wonderfull thread live again. I seriously considering to follow suit..
thank you my friend, do you trade also with systemII?
Pressure shapes Legends
  • #16,170
  • Edited 5:28am Jul 23, 2014 2:42am | Edited 5:28am
EUR/JPY




a really nice move ...i go for 40 p.


Edit: and done...

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Pressure shapes Legends
  • #16,171
  • Jul 23, 2014 2:47am Jul 23, 2014 2:47am
E/U


missed this one yesterday, almost similar to E/J...if you go to R:R 1:1 you would have already your 20p.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 50 KB
Pressure shapes Legends
  • #16,172
  • Jul 23, 2014 2:47am Jul 23, 2014 2:47am
Quoting Juri
EUR/JPY a really nice move ...i go for 40 p. {image}
Good stuff. I've added to my shorts on this one and have my stop at 136.64
FF journal: Peaks and Troffs
  • #16,173
  • Jul 23, 2014 5:40am Jul 23, 2014 5:40am
nice bogus

Quoting bogus
{quote} Good stuff. I've added to my shorts on this one and have my stop at 136.64
Pressure shapes Legends
  • #16,174
  • Edited 9:06am Jul 23, 2014 5:42am | Edited 9:06am
GBP/JPY


will give this one a try...


Edit: took a loss on this one ...


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Pressure shapes Legends
  • #16,175
  • Jul 24, 2014 3:52am Jul 24, 2014 3:52am
E/U

buy stop was activated ...

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Pressure shapes Legends
  • #16,176
  • Jul 24, 2014 3:54am Jul 24, 2014 3:54am
E/J


not confident about this one, jump to early in...but its already in 20p profit


Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 74 KB
Pressure shapes Legends
  • #16,177
  • Edited 10:09am Jul 24, 2014 8:17am | Edited 10:09am
G/U




sell stop activated...

EDIT: target reached + 40p.


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 57 KB
Pressure shapes Legends
  • #16,178
  • Jul 24, 2014 9:45am Jul 24, 2014 9:45am
Quoting Juri
E/J not confident about this one, jump to early in...but its already in 20p profit {image}
E/J hit my target +40p.
Pressure shapes Legends
  • #16,179
  • Jul 25, 2014 5:53am Jul 25, 2014 5:53am
Quoting Juri
E/U buy stop was activated ... {image}
this one was a loss -20p.
Pressure shapes Legends
  • #16,180
  • Jul 29, 2014 1:36am Jul 29, 2014 1:36am
Quoting Juri
{quote} this one was a loss -20p.
hi juri, i hope you will continue posting your positions so that newbies like me can follow. i really like this system but i dont have much confidence when do it alone. thanks for keeping this wonderful thread alive.
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