Euro Daily Trader

This is a discussion on Euro Daily Trader within the Trading Journals forums, part of the Reception category; Wise, Really appreciate you keeping these records. The downturn on the graph above was expected as your first trade in ...

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Old Dec 16, 2011, 1:03am   #91
Joined Sep 2011
Re: Euro Daily Trader

Wise,

Really appreciate you keeping these records.

The downturn on the graph above was expected as your first trade in the "50" trades that your graph is now looking at, has just reached the high point at the end of the first week in October.

The downturn on the graph is really showing the better than average results at the end of September and into the first week of October, compared with the worse than average in the past 10 days.

You will now find that the graph takes a sharp upturn, almost regardless of the results of the next few trades, as we go through that bad run of losses that happened in Octobers 2nd and 3rd weeks.

Just watching tonight's trade before turning in. BE has just gone to +9 pips so we will have a winner!

Mike
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Old Dec 16, 2011, 9:32pm   #92
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Those comments may have been true and a graph drawn after Thursday's trade might have leveled out, but today's loser drove it down some more. Whatever indicators you look at the euro just does its own thing at the moment and it's a gamble to dare and trade with it
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Old Dec 19, 2011, 9:52pm   #93
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread And it carries on getting worse

Not worth carrying on now
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Last edited by wiseambitions; Dec 19, 2011 at 9:58pm.
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Old Dec 23, 2011, 10:53am   #94
Joined Sep 2011
Re: Euro Daily Trader

Quote:
Originally Posted by wiseambitions View Post
And it carries on getting worse

Not worth carrying on now
Lots of people asked me if we intended to trade through Christmas and I said that we would be trading as normal.

I would be interested to see what your graph looks like today wise.

Mike
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Old Dec 23, 2011, 5:43pm   #95
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Hi the 50d MA is looking up again.......

I have to say my luck hasn't been as good as others' with this system lately, seeing there are reports of profits, one reason I think is that it probably suits better with MM brokers because of instant execution.

It surprised me how this week was a bit more steady than others. I wonder if there has been less volatility due to no major news announcements, as this is the thing that knocks this method out of a trade due to tight stop losses. Somewhere I read that the tests for Nov and Dec 2010 were about as good as any, but the pattern wasn't carried through generally this time. We'll have to see whether it does better in January

I've reduced the risk for tonight and of course invoked the Friday forced closure.
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Old Jan 5, 2012, 6:57pm   #96
Joined Sep 2011
Re: Euro Daily Trader

So..........

An end to the year with another gain in December, and although pips gained increased again, still not back to the average of around 140 to 150 per month we are looking for. But as they say, a win is a win is a win!

Looking back over the live results since June 2011, we have only had one losing month (a loss of 4 pips in August) and it is difficult to understand why we seem to have come in for so much stick.

However, that seems to be the nature of the game and all we can do is plod on.

Not a bad start to January so far, we are already up 6.2% (at 4% risk).

May I wish everyone a profitable New Year!

Mike
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Old Jan 6, 2012, 8:19pm   #97
Joined Sep 2011
Re: Euro Daily Trader

Slow....Slower....Slowest!!!

Hardly moved since an hour before the trade so looks like our Friday Early Close may come into play tonight.

Nice to be sitting on results that mean that whatever happens tonight, the week will be a winning one.

EDT v4.0 will be out soon which will build on the recent success of v3.5 and with a rather interesting addition to the EA.

Watch this space.

Mike
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Old Jan 10, 2012, 11:27am   #98
Joined Sep 2011
Re: Euro Daily Trader

Another 40 pips win yesterday now puts us 173 pips up over the Christmas / New Year period (since 19th Dec).

That gives us a 35% gain (at 4%) which is pretty impressive for any three week period and doubly so in a period where most traders are of the opinion that it is not worth trading at all.

It also means a good start to January, and the New Year, with 79 pips (16% gain) already for the month.

Mike
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Old Jan 12, 2012, 1:41pm   #99
 
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Joined Dec 2008
Re: Euro Daily Trader

Testing the system here too (since January, 1). Let's see how it developes, the start is promissing
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Old Jan 13, 2012, 10:31am   #100
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Some systems give very comparable results between users, but it's not a character of this one.

I've had a couple occasions where my trades have been opposite to others, and plenty trades where I've had SL and others have not, or might have achieved or not achieved TP when others have had a different outcome.

Example Thursday night, I had No Trade, but I know others who traded and had a loss.

You'd like to think that these differences would cancel themselves out in the long term, however there is no guarantee of this

I have spent time on the system, thinking about the R/R/R and the fact that a regular pattern of one win, a break even and a stop loss seem to be pretty much the measure of things. And seeing a win is worth 2 stop losses, to test variable lot sizes.

Basically I think a form of Martingale is suited to the system, and I'd say categorically it is the best way and the only way I am now using it. I've explained to the programmers how I have worked out a system which even if there were no cumulative gains in 3 months could still give 40pc return on capital. Incredible but true. I may update the forum of my real results in a few more weeks. Currently it should be making me less anxious about the day to day differences that go on, because I should continue in a measure of confidence that the next profit will be even better even if there has just been a losing trade.

Last edited by wiseambitions; Jan 13, 2012 at 4:31pm.
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