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10.4 A Complete System
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Author:  nanningbob [ Mon Apr 08, 2013 10:55 pm ]
Post subject:  Re: 10.4 A Complete System
Nope Cowboy IBFX USA
Author:  nanningbob [ Mon Apr 08, 2013 11:01 pm ]
Post subject:  Re: 10.4 A Complete System
For the 7th time in my 7 years of trading I have broken 1000 pips in one week. I notice the columns do not stay apart after I post the info.

13 trades were JPY crosses
5 were euro trades
The other 10 were mixtures of nzd, gbp, and aud traes

1061.8 total pips
Trades Total: 28
Trades Won: 23
Trades Lost: 5
Trades Even: 0
Max Profit: 205 pips
Max Loss: -36 pips
Avg Profit: 50 pips
Avg Loss: -15 pips
LONG TRADES
Trades Total: 20
Trades Won: 16
Trades Lost: 4
Trades Even: 0
Max Profit: 205 pips
Max Loss: -36 pips
Avg Profit: 53 pips
Avg Loss: -17 pips
SHORT TRADES
Trades Total: 8
Trades Won: 7
Trades Lost: 1
Trades Even: 0
Max Profit: 74 pips
Max Loss: -10 pips
Avg Profit: 41 pips
Avg Loss: -10 pips
Author:  SteveHopwood [ Mon Apr 08, 2013 11:05 pm ]
Post subject:  Re: 10.4 A Complete System
mrelectron wrote:Hi:

Did anyone else get this monster pin on the NZDCHF, I'm with GP.
nzdchfh4.png
Thanks
Mark
Yes on my GP live account - had to load up a chart because I do not trade this pair. No on my Cowboy IBFX Aussie demo account.

Something to bring up with Jem in his GP thread here.

:D
Author:  garyfritz [ Mon Apr 08, 2013 11:06 pm ]
Post subject:  Re: 10.4 A Complete System
mrelectron wrote:Did anyone else get this monster pin on the NZDCHF, I'm with GP.
That looks pretty suspicious. On GP demo the 20:38 M1 candle has OHLC = 0.78550, 57 pips below the Low of the two adjacent candles. And Steve, you saw it on live too? Hmmm. Definitely something to raise with Jem, especially if you got filled on that spike.
Author:  SteveHopwood [ Mon Apr 08, 2013 11:18 pm ]
Post subject:  Re: 10.4 A Complete System
garyfritz wrote:
mrelectron wrote:Did anyone else get this monster pin on the NZDCHF, I'm with GP.
That looks pretty suspicious. On GP demo the 20:38 M1 candle has OHLC = 0.78550, 57 pips below the Low of the two adjacent candles. And Steve, you saw it on live too? Hmmm. Definitely something to raise with Jem, especially if you got filled on that spike.
Raised this in Jem's thread.

:D
Author:  nanningbob [ Mon Apr 08, 2013 11:26 pm ]
Post subject:  Re: 10.4 A Complete System
Ok, Had a great day yesterday over 1000 pips in one day. However a lot of that was garnered by keeping JPY cross trades going over the weekend and over 650 of those pips were the gaps. But still 7% increase of the account is a nice surprise. I have not kept up my lot size with growth of my account so fixed that today.

I have a buy on every JPY cross going at all times and new ones set above every high and a limit order set below in case of a retrace. No retracement yet. No one is buying JPY right now and I am keeping one or two trades on every pair until it does.

OK GBP picked up some nice retracements but they are showing good setups on 10.4 so gbp/aud, gbp/cad, gbp/usd I have buy pendings at each WP and DP.

I still have my pending sells going on eur/nzd.

Happy trading. This is fun.
Author:  Jemook [ Mon Apr 08, 2013 11:27 pm ]
Post subject:  Re: 10.4 A Complete System
I can see the spike on my demo and live accounts. I sent an email to operations will get back to you guys on the GP thread. Cheers for pointing this out.

J
Author:  Chris [ Mon Apr 08, 2013 11:35 pm ]
Post subject:  Re: 10.4 A Complete System
Staedtler wrote:since the GBPJPY moves so dramatically, what would be a logical distance to set a pending order ?
Currently I am only targeting DR2 but WR1 would be a nice 300 pip move, I am kind of expecting a real retracement so I am a little shy try to get to far. This is just one mans opinion.
Author:  nanningbob [ Mon Apr 08, 2013 11:49 pm ]
Post subject:  Re: 10.4 A Complete System
Chris wrote:
Staedtler wrote:since the GBPJPY moves so dramatically, what would be a logical distance to set a pending order ?
Currently I am only targeting DR2 but WR1 would be a nice 300 pip move, I am kind of expecting a real retracement so I am a little shy try to get to far. This is just one mans opinion.

There really is no thinking with JPY crosses right now. I find any line I can find and set a pending order. Then I find another. Whether on 10.4 10.5 or previous week I am setting orders. I have even gone to my screen and just put a buy on for the heck of it. This is a fundamental Marcro economic move. No thinking is needed. Just jump on and run with it. Until someone thinks JPY is a buy, who that is I dont know, I am going to ride this puppy. The Big boys are in and they are no wheres near closing their trades yet. So I am going to run with it until it stops.

Why fear a retracement, just add to your positions when it happens. That is how the big boys trade.
Author:  SteveHopwood [ Mon Apr 08, 2013 11:53 pm ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:Ok, Had a great day yesterday over 1000 pips in one day. However a lot of that was garnered by keeping JPY cross trades going over the weekend and over 650 of those pips were the gaps. But still 7% increase of the account is a nice surprise. I have not kept up my lot size with growth of my account so fixed that today.

I have a buy on every JPY cross going at all times and new ones set above every high and a limit order set below in case of a retrace. No retracement yet. No one is buying JPY right now and I am keeping one or two trades on every pair until it does.

OK GBP picked up some nice retracements but they are showing good setups on 10.4 so gbp/aud, gbp/cad, gbp/usd I have buy pendings at each WP and DP.

I still have my pending sells going on eur/nzd.

Happy trading. This is fun.
I had pending buys set above all the recent highs. They triggered towards the end of the Euro session so I was nervous about leaving them overnight, so when they moved into profit I added a 20 pip trailing stop.

All out at +260. Probably left a lot on the table but profit is profit and nobody ever went bust taking it.

:D
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