10.2 Trades! Post up your trades here.

[Jemook]

Jem

Wondering aloud on targets here. Rather than 50 pips, how about using Average Daily Range for each pair? If your goals is to be closed out in a session, then ADR/2 or ADR/3 might be more appropriate. Would mean a quick calculation of ADR for each pair in the basket, but that could be easily automated. I won't have chance to test this idea for a few weeks... cutting over from another automation project to NB 10.2A as my next candidate but it will take awhile.

f451

That would be one way of doing it. I'm currently researching the max DD and max profit for each basket I open and when I get an average of these I'll know what to target for adaptivepips tp/sl.

If someone wants to make an EA that allows me to input which pairs I'm trading and then calculates the average daily range for all of them I could use that in my research too.

[gms]

NZDCHF H4
Entered with pending buy stop on break of swing high after R1 was broken. Made it to TP at R2.

gary

[gms]

EURNZD H4
Entered with pending sell stop on break of swing low after S1 was broken. TP at S2 was hit with 50 pips.

gary

[spyderman]

Wanted to update everyone on the trades I had going last night (for me ) . Lot's of changes during the London open.

Firstly, Aud/Chf. Had a retracement to the 5ma. Still above .8 on the daily and at .79 on the H4 so I've entered a 2nd position with my stop just below the daily pivot.

Speaking of daily pivot. I'm thinking that for me that may be a good s/l for these 10.2a trades. Time will tell.

On Eur/Aud basically the same story. Added a position at the 5ma.

Aud/Cad, price retraced to the daily pivot (have my s/l just below that) and is now bouncing back up. Let's hope it continues.

Nzd/Cad, same story as A/C.

Aud/Usd was stopped out at BE.

Nzd/Usd stopped at BE.

[gms]

Let me also post a failed trade: This should have been an SRF trade on AU H4.
I entered long on the close above WP after S1 had not been reached. TP was just below R1. However, price action turned south and crossed WP again ...

gary

[Jemook]

IMO you should all be looking at 10.2a now. Watching Pivots and trading them as per 10.2a rules is brilliant and tells a great story. Coupled with tma strength and CSS slope tricks it's unbeatable. Of course with good money management too.

[garyfritz]

If someone wants to make an EA that allows me to input which pairs I'm trading and then calculates the average daily range for all of them I could use that in my research too.

Why not just run Average True Range on a D1 chart? It would only show one pair at a time, but I assume it's not critical to see them all at once.

[Jemook]

I'd like to see an average of all the average daily ranges of the pairs in my basket

[forexripper]

Ok as I m learning Jem method.
Do any of you agree that
GNZ, GAU, ENZ, EAU all have D1 slopes -0.4 or above (I know Jem looks at -0.8) and are in position of retracement with GNZ and GAU rejected by WP. Other 2 will soon follow rejection of DP or close below it soon.

As per Jem work: Should I have MA 5.1 on all of them placed now or wait till other session?

[spyderman]

Update on previously posted trades...

Firstly, Aud/Chf. Had a retracement to the 5ma. Still above .8 on the daily and at .79 on the H4 so I've entered a 2nd position with my stop just below the daily pivot.

Order was executed and has since retraced above the daily pivot and was taken out. TMA is at .75 & .62 respectively. I'm still struggling on when to close these orders and when to hold. For now I've moved the stop up tight on the remaining position to lock some pips if the retrace continues. I've also placed a 5ma ea pending order should the bounce happen and price continues down.

On Eur/Aud basically the same story. Added a position at the 5ma.

Same thing. Add on stopped out. Moved s/l on original up tight and placed pending ea.

Aud/Cad, price retraced to the daily pivot (have my s/l just below that) and is now bouncing back up. Let's hope it continues.

Plus 16 pips and rising. Have MPTM set to BE at +25

Nzd/Cad, same story as A/C.

Running at about minus 7 pips, but price is still above all pivots so I have my MPTM set.