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Another simple system - Time-Frame 15

  • #24,161
  • Jun 18, 2015 2:42am Jun 18, 2015 2:42am
I would have already been pocketing more than just 10 pips by now, if this was a real account. But what if all these trades went against me? Then I would have lost lots of pips, and it would have been hard to get them back. In GU alone I have 40 pips SL, which is huge for someone targeting only 10-20 pips a day. I think I need to reconsider my strategy.

P.S.: In UJ trade, the green dotted line from the bottom is a buy from another strategy, so ignore it.
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  • #24,162
  • Jun 18, 2015 2:44am Jun 18, 2015 2:44am
Quoting catalin_eros
{quote} Good morning, everyone! Pips29, first of all, I wish to say that for a guy who trades just the basics, you do a great job, judging by the number of pips you manage to pocket every day. And to answer your question, just 10 to 20 pips a day for start would be enough for me. But I want to be sure that I make those 10 pips using this strategy. It is difficult to target 10 to 20 pips a day, when the SL is more than that. I have been browsing through some older pages of the thread, and I came across a post of X-man, if I am not mistaken, who said...
I agree with Catalin, 10-20 pips a day is perfect profit. And I also have the same problem, SL is way too big and I don't like that king of risk, but I have no idea how to fix this.
  • #24,163
  • Jun 18, 2015 2:50am Jun 18, 2015 2:50am
Quoting XerxesR
{quote} I agree with Catalin, 10-20 pips a day is perfect profit. And I also have the same problem, SL is way too big and I don't like that king of risk, but I have no idea how to fix this.
Let's hope some of the big guys of this thread can provide us with the answers we are looking for, buddy. Any help would be much appreciated. Especially for a guy like me, who tends to grow demo accounts, and to shrink live ones. LOL!
  • #24,164
  • Jun 18, 2015 2:58am Jun 18, 2015 2:58am
Quoting pips29
{quote} fomc later on will determine the direction...another 5 hours or so
I saw that too, but I prefer technical analysis over fundamental. I check news regularly to keep an eye on main trend D1-W1-MN.
  • #24,165
  • Jun 18, 2015 3:03am Jun 18, 2015 3:03am
All my 4 trades are closed now, for a total of 95 pips. I hope to see the same in the coming days, before moving to a live account.
  • #24,166
  • Jun 18, 2015 3:07am Jun 18, 2015 3:07am
Correction: a total of 61 pips. I was calculating profits from another strategy also. But anyway, 61 pips is great, IMHO. If only things happened like that every day!
  • #24,167
  • Jun 18, 2015 5:05am Jun 18, 2015 5:05am
Good job Catalin, today my profit 31 pips
  • #24,168
  • Jun 18, 2015 7:00am Jun 18, 2015 7:00am
Quoting XerxesR
Good job Catalin, today my profit 31 pips
You've done a great job yourself. Anyone who ends in green or BE does a great job, because as I always say, even a BE is a win, because the very powerful 4 trillion dollars a day market could not beat the trader.

I switched today from HA to Japanese candles, cause I see that Pips29 and many others have been using them for this strategy, so I thought it wouldn't hurt to try. Since it was a good day so far, I am sticking with this type of candles for the moment. And I took Pips29's advise, and I removed VB and MBL. Let's see how it goes in the coming days. Besides, I suppose if you you already use HA, it is best for me to use Japanese candles, and compare results, to see which has the best potential. From what I've read, both work well, if the trader religiously sticks to them.
  • #24,169
  • Jun 18, 2015 7:03am Jun 18, 2015 7:03am
Quoting XerxesR
{quote} I saw that too, but I prefer technical analysis over fundamental. I check news regularly to keep an eye on main trend D1-W1-MN.
I am with you in this one. I hate fundamental analysis, although I know how powerful it is. Technical analysis has a certain charm, that makes me feel like a fly near a light bulb. LOL!
  • #24,170
  • Jun 18, 2015 7:54am Jun 18, 2015 7:54am
gone short on oil a few mins ago
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the cautious seldom err....C
  • #24,171
  • Jun 18, 2015 8:19am Jun 18, 2015 8:19am
Quoting XerxesR
{quote} I agree with Catalin, 10-20 pips a day is perfect profit. And I also have the same problem, SL is way too big and I don't like that king of risk, but I have no idea how to fix this.
Just a reminder that the first 20 pages of this thread have a treasure chest of info on just what your experiencing with LE1 discussing stops, moving to BE and targets. Just thought this would be helpful. Good luck.
  • #24,172
  • Jun 18, 2015 8:43am Jun 18, 2015 8:43am
taken 50% off and stop at b/e+
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the cautious seldom err....C
  • #24,173
  • Jun 18, 2015 8:44am Jun 18, 2015 8:44am
I thought I was not going to open another trade today, but I've spotted a nice setup on EU.
Pips29, would you have placed the SL lower, on the swing?
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  • #24,174
  • Jun 18, 2015 8:46am Jun 18, 2015 8:46am
Quoting gnspdr33
{quote} Just a reminder that the first 20 pages of this thread have a treasure chest of info on just what your experiencing with LE1 discussing stops, moving to BE and targets. Just thought this would be helpful. Good luck.
Thanks, gnspdr! I'll definitely take a closer look.
  • #24,175
  • Jun 18, 2015 9:12am Jun 18, 2015 9:12am
stopped out of oil trade with the remaining 30%..
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the cautious seldom err....C
  • #24,176
  • Jun 18, 2015 9:17am Jun 18, 2015 9:17am
Quoting catalin_eros
I thought I was not going to open another trade today, but I've spotted a nice setup on EU. Pips29, would you have placed the SL lower, on the swing? {image}
I will refrain from going long as the tdi is slowly moving south. I am actually waiting for the tdi to go below 50 to short..just my opinion.. Oh yeah, the stop I would place is few pips below the swing low ( 2 candles back assuming you have taken long at the last candle on your chart)
the cautious seldom err....C
  • #24,177
  • Jun 18, 2015 9:32am Jun 18, 2015 9:32am
Look at 15 min g/u
the cautious seldom err....C
  • #24,178
  • Jun 18, 2015 10:12am Jun 18, 2015 10:12am
Quoting pips29
{quote} I will refrain from going long as the tdi is slowly moving south. I am actually waiting for the tdi to go below 50 to short..just my opinion.. Oh yeah, the stop I would place is few pips below the swing low ( 2 candles back assuming you have taken long at the last candle on your chart)
Oh, yeah, if I put my SL below swing low, I would have been in the trade now. But I was taken out. Good thing I am just using it on demo. As for the GU, I see a CT at the time of your post. and now, there is a candle struggling between 10 and 50,, but the TDI is sloping down, so if the candle closes bullish above the 10, that is still a bad trade, because of the slope of the TDI. Am I correct? If there was something else that I did not see, please tell me.
  • #24,179
  • Edited 10:28am Jun 18, 2015 10:16am | Edited 10:28am
Now I see what you meant with the GU pair. You want to go short on the break of the 50. And the target would be the 100 or 200, maybe? Or perhaps the RN?
  • #24,180
  • Jun 18, 2015 11:05am Jun 18, 2015 11:05am
Quoting gnspdr33
{quote} Just a reminder that the first 20 pages of this thread have a treasure chest of info on just what your experiencing with LE1 discussing stops, moving to BE and targets. Just thought this would be helpful. Good luck.
Thanks, very short on time these days - but I will definitely look into it later.
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