Net Trap - Historic results and RH Monday Updates

This is a discussion on Net Trap - Historic results and RH Monday Updates within the Forex Net Trap forums, part of the Specialists' Corner category; Originally Posted by jonboysport Richard hills "Advanced Tactics" basically involves checking on your trade at 7.30 and if you have ...

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Old Oct 11, 2010, 4:49pm   #25
 
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Re: Net Trap - Historic results and RH Monday Updates

peterf1966 started this thread
Quote:
Originally Posted by jonboysport View Post
Richard hills "Advanced Tactics" basically involves checking on your trade at 7.30 and if you have been 20 pts or so in profit you move your stop loss to break even."Genius"!
Is that it?

I was doing that before any variants.

In fact I used to set to b/e if +20-25 by about 8.00, and set to take some profit if it was up 30pips by 8.15 or so.
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Old Oct 19, 2010, 10:45am   #26
 
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Re: Net Trap - Historic results and RH Monday Updates

peterf1966 started this thread RH update 19-10-10 for week 11-10-10 to 15-10-10


I’m pleased to be able to give you access to the
Advanced Tactics for Net Trap.

These can be found at:

http://www.fsponline-recommends.co.u...rap_Insert.pdf

And the password is: safety

You may need to copy and paste this link into a new web browser for it to open:
(http://www.fsponline-recommends.co.u...rap_Insert.pdf)

I hope these help you.

Last week we had four winning trades and one losing
trade.

Overall we made a net profit of +57 pips for the week.

I summarise the detailed trade orders and results below:

Monday 11th October

40 MA falling sell order at 15933.0, triggered at 6:53
am, closed manually at 8:30 am at 15924.0

Profit/Loss +9 pips.

Tuesday 12th October

40 MA rising buy order at 15914.0, triggered at 6:31 am,
stopped out at 6:58 am

Profit/Loss -30 pips.

Wednesday 13th October

40 MA rising buy order at 15842.0, triggered at 6:35 am,
closed manually at 8:30 am at 15861.0.

Profit/Loss +19 pips

Thursday 14th October

40 MA rising, buy order at 15993.0, triggered at 7:10 am
hit profit limit at 7:59 am.

Profit/Loss +50 pips

Friday 15th October

40 MA rising buy order at 16020.0, triggered at 6:37 am,
closed manually at 8:30 am at 16029.0

Profit/Loss pips +9 pips

Total for the week +57 pips.
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Old Oct 19, 2010, 10:59am   #27
Joined Aug 2010
Re: Net Trap - Historic results and RH Monday Updates

How come RH results indicate +9 for Monday, I though US bankholidays were no trade days..
or is the H+ report?
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Old Oct 19, 2010, 1:12pm   #28
Joined Apr 2008
Re: Net Trap - Historic results and RH Monday Updates

good point Nick!.
You should send him an email about it.
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Old Oct 19, 2010, 5:13pm   #29
Joined Aug 2010
Re: Net Trap - Historic results and RH Monday Updates

I queried Monday's trade with RH - he confirmed
"I only don't trade when US and UK are both bank holidays"
I'm not sure how many days that will affect but will check US/UK days

With the hour change dates being out of sync he said
"When clocks change and are out of sync I don't trade the whole week"
so we do get aweek off
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Old Oct 19, 2010, 5:21pm   #30
Joined Apr 2008
Re: Net Trap - Historic results and RH Monday Updates

I got the following email off RH after querying a previous bank holiday


i do trade on British bank holidays when the US is still open.

I don't trade on US bank holidays.

Best wishes,


Richard

He's contradicting himself again.
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Old Oct 19, 2010, 5:22pm   #31
Joined Apr 2008
Re: Net Trap - Historic results and RH Monday Updates

This is from his weekly update on Sep 10th

Dear MR,

This week we had two winning trades, two losing trades and one no trade day as it was a US bank holiday.

For avoidance of doubt, I trade British Bank Holidays when the US is still open.

But I don’t trade on US Bank Holidays

So for the week we had a net profit of +64 pips.
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Old Oct 19, 2010, 5:39pm   #32
Joined Aug 2010
Re: Net Trap - Historic results and RH Monday Updates

RH is indeed contradicting himself leaving it a little unclear. the original manual had no restrictions on bankholidays, but did recommend checking the charts everyday for a trade signal - so I think that's the way forward. Why miss a day when you could trade?

I still don't see why the hour changes should have any effect on our trades, so again I will be looking at the signals
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