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profitable Zigzag

  • #321
  • Edited 4:43am Jan 30, 2015 3:08am | Edited 4:43am
Short the yen still.

UPDATE: May consider dumping this trade. It does look like a nice pennant setup but i am keen not to lose my current +0.5%. May give it a couple of more bars

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Further Update: Glad i stayed in a little longer. Pennant broke out and hit TP. +1%

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  • #322
  • Jan 30, 2015 3:35am Jan 30, 2015 3:35am
For once trailing my stop paid off on cable. My original sl was hit and the market reversed to give me another trade short.+1% when I shorted.

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  • #323
  • Jan 30, 2015 3:38am Jan 30, 2015 3:38am
I missed the Euro short? Anyone get it?
  • #324
  • Edited 4:51am Jan 30, 2015 4:34am | Edited 4:51am
Just long the cable. 3 trades in one morning in this pair that is chancing it!

Update: sure enough it hit SL. -1%

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  • #325
  • Jan 30, 2015 4:58am Jan 30, 2015 4:58am
Enough for the morning here is the summary:
E 0 (missed a +1% trade)
G -0.5%, +1%, -1%
A 0 (sadly no short entry according to my rules)
J +1%

Net +0.5% not great but it is Friday. My trading may be light this afternoon.
  • #326
  • Jan 30, 2015 5:02am Jan 30, 2015 5:02am
Interestingly, the method mentioned in post 2 of this thread seems to work quite well even without the trend magic.
  • #327
  • Jan 30, 2015 5:13am Jan 30, 2015 5:13am
Quoting handy148
Interestingly, the method mentioned in post 2 of this thread seems to work quite well even without the trend magic.
oh ok handy what have you been finding?
  • #328
  • Jan 30, 2015 6:40am Jan 30, 2015 6:40am
Quoting shoot2scoot
Enough for the morning here is the summary: E 0 (missed a +1% trade) G -0.5%, +1%, -1% A 0 (sadly no short entry according to my rules) J +1% Net +0.5% not great but it is Friday. My trading may be light this afternoon.
I was short in EU, but now out at +4 pips, because the m1 indicated a reversal. Was the second trade today for me which ended up more or less at BE because TP was missed by 1 pip -.-

EDIT: And TP would have been hit now. I really need to keep away from trades, I get scared to much and often get out too early -.-
But at least it shows me, that my entries tend to work out. I should be a bit more faithful and trusting. If I had strictly like a machine followed my trading plan today, I would be at +3% now.

So far +0,64% today
  • #329
  • Jan 30, 2015 7:16am Jan 30, 2015 7:16am
Quoting ihezzz
{quote} . I should be a bit more faithful and trusting. If I had strictly like a machine followed my trading plan today, I would be at +3% now. So far +0,64% today
That's a sentiment we can all relate to ihezzz. How many times after two quick losses do we miss out the next trade only to watch it fly to TP! Keeping the mindset that 'anything can happen' and 'i don't know what will happen' is critical and trusting a plan that is backtested is certainly more reliable than my spontaneous judgement! Good luck.

lots of profit taking now before Advanced GDP!
  • #330
  • Jan 30, 2015 8:13am Jan 30, 2015 8:13am
Quoting shoot2scoot
{quote} That's a sentiment we can all relate to ihezzz. How many times after two quick losses do we miss out the next trade only to watch it fly to TP! Keeping the mindset that 'anything can happen' and 'i don't know what will happen' is critical and trusting a plan that is backtested is certainly more reliable than my spontaneous judgement! Good luck. lots of profit taking now before Advanced GDP!
Absolutely true shoot, from one point of view it's really interesting and fascinating, how the emotions try to take you over, trading is really
a powerfull teacher in this respect.

I will call it a day and stop trading now. The day finally resulted in +1,88% for me.
  • #331
  • Jan 30, 2015 9:40am Jan 30, 2015 9:40am
Quoting ihezzz
{quote} . I will call it a day and stop trading now. The day finally resulted in +1,88% for me.
very respectable. equates to +37% for the month! Have a great Weekend.
  • #332
  • Jan 30, 2015 10:12am Jan 30, 2015 10:12am
Quoting shoot2scoot
{quote} very respectable. equates to +37% for the month! Have a great Weekend.
Thanks, you too!
  • #333
  • Feb 1, 2015 9:37am Feb 1, 2015 9:37am
scoot2shoot - this was Paulus original idea to draw horizontal lines at the last 2 fixed zig zag points before London open and trade the break thereof.
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  • #334
  • Feb 2, 2015 1:51am Feb 2, 2015 1:51am
Quoting handy148
scoot2shoot - this was Paulus original idea to draw horizontal lines at the last 2 fixed zig zag points before London open and trade the break thereof. {image}
Thanks handy. have you back-tested it in recent times? i have not but fear that the London Fakeout has put paid to it's success? share your results.
  • #335
  • Edited 2:53am Feb 2, 2015 2:26am | Edited 2:53am
Long Yen

[attach]1601951[/attach

Update: +1%

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  • #336
  • Edited 3:14am Feb 2, 2015 2:48am | Edited 3:14am
Short cable. May exit early with manufacturing PMI at 09.30?

Update: exited +0.5% (looked like price was being held until PMI results so got out as i need to go out soon anyway. back this afternoon. Good trading.

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  • #337
  • Feb 2, 2015 2:57am Feb 2, 2015 2:57am
Not happy with the length of the trigger candle on AUS and have not taken long there. I am out at meetings from 10.00 so will trade cautiously this morning.
  • #338
  • Edited 9:02am Feb 2, 2015 8:47am | Edited 9:02am
long euro

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Update: just hit TP before the news at 15.00. +1% (as it is news was in our favour - better safe than sorry though).

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  • #339
  • Edited 11:08am Feb 2, 2015 10:35am | Edited 11:08am
short euro

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Update: SL hit -1%

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  • #340
  • Feb 3, 2015 2:26am Feb 3, 2015 2:26am
Well we have woken to a beautiful snow covered morning in the UK.

Just thought i would update you on my results since the 15th January.

My bank has grown by +30% with this strategy alone.

If you would like me to keep posting here some more participation on the thread would be good just to let me know that you are out there.
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