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profitable Zigzag

  • #301
  • Jan 28, 2015 5:40am Jan 28, 2015 5:40am
I think Paulus was using 13,5,5
  • #302
  • Edited 6:55am Jan 28, 2015 5:47am | Edited 6:55am
Aud short

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 29 KB


Update: hit SL for -10 pips
  • #303
  • Edited 6:54am Jan 28, 2015 5:58am | Edited 6:54am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 37 KB


Update: hit SL for -9 pips
  • #304
  • Jan 28, 2015 7:00am Jan 28, 2015 7:00am
G/U short +14 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 37 KB
  • #305
  • Jan 28, 2015 7:01am Jan 28, 2015 7:01am
Quoting handy148
I think Paulus was using 13,5,5
Thanks handy. can't remember where i got those settings from then, but I use them.
  • #306
  • Edited Jan 29, 2015 12:07am Jan 28, 2015 7:05am | Edited Jan 29, 2015 12:07am
I am stopping trading now as the markets seem to be jumping about a bit ahead of FOMC tonight. Net +33 pips today. +2.7% gain
  • #307
  • Jan 28, 2015 7:20am Jan 28, 2015 7:20am
For future reference i intend to report my results slightly differently. like many, I risk just 1% of my bank in each trade. This means that most winning trades net me +1% of my bank (with this strategy). Talking in % gain of bank is far more meaningful than pips and it advocates good MM which i certainly believe in. so that is what I shall do in future. i hope you agree.
  • #308
  • Jan 28, 2015 7:25am Jan 28, 2015 7:25am
Quoting shoot2scoot
For future reference i intend to report my results slightly differently. like many, I risk just 1% of my bank in each trade. This means that most winning trades net me +1% of my bank (with this strategy). Talking in % gain of bank is far more meaningful than pips and it advocates good MM which i certainly believe in. so that is what I shall do in future. i hope you agree.
Good idea. Great to see your realtime/nr to realtime trades and charts. It all seems to be working well for you.
  • #309
  • Jan 28, 2015 10:39am Jan 28, 2015 10:39am
shoot2scoot - 12,5,3 is the standard format setting in mt4 for zigzag.
  • #310
  • Edited 1:33am Jan 29, 2015 12:23am | Edited 1:33am
Am short the euro and aud, long the yen.

Update: -1% Euro and Yen. +1% Aud.
  • #311
  • Jan 29, 2015 1:40am Jan 29, 2015 1:40am
Difficult to call this second Euro trade. Would it have hit my SL before going on to hit TP. Who know but I didn't tade it. Hope any of you who did got luck?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 36 KB
  • #312
  • Edited 2:56am Jan 29, 2015 2:03am | Edited 2:56am
long on the G/U.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 37 KB


Update: i am closing down 50% of this position if it hits the red line above as it is a resistance point and i want out to do other things. Remaining 50% hit TP. +0.75%
  • #313
  • Edited 3:48am Jan 29, 2015 2:37am | Edited 3:48am
Just taken Euro short

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 38 KB


Don't like the look of this trade but I will be faithful to the setup. Was right Sl hit.(the dotted line was a minor support line but it coincided with the 50% fib of the last move up and the euro historically really respect the 50% fib. can't win em all.......as I am proving.
  • #314
  • Jan 29, 2015 2:47am Jan 29, 2015 2:47am
Yes always a difficult one that - plan the trade and trade the plan.

I don't like to trade against the daily candle nor be short if price above the daily open line but they are just my little quirks.
  • #315
  • Edited 4:07am Jan 29, 2015 3:50am | Edited 4:07am
Quoting handy148
Yes always a difficult one that - plan the trade and trade the plan. I don't like to trade against the daily candle nor be short if price above the daily open line but they are just my little quirks.
With you handy but as you know very quickly we get into an over complicated strategy that never loses because it never trades! lol Cor wish i had stayed in the Aud. The other losses made me cautious. Down net -1.25% this morning.
  • #316
  • Edited 5:26am Jan 29, 2015 5:12am | Edited 5:26am
Short Cable.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 46 KB


Like a fool I forgot about US unemployment at 13.30hrs. will pull out before then.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1M5 (2).png Size: 40 KB


Out at BE. better safe than sorry.
  • #317
  • Jan 29, 2015 9:14am Jan 29, 2015 9:14am
This afternoon's trading:

E +1%, +1%
G 0, +1%
A -1%, 0, +1%
J -1%, +1%

Net for the day +1.75%
  • #318
  • Jan 29, 2015 10:27am Jan 29, 2015 10:27am
Nice recovery.
  • #319
  • Edited 12:41am Jan 30, 2015 12:29am | Edited 12:41am
+1% on Aud this morning and am long cable.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 27 KB


short yen now too
  • #320
  • Jan 30, 2015 12:52am Jan 30, 2015 12:52am
-0.5% on cable. I had moved my sl up after initial move long. watch the market turn now and make me pay.
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