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FX Orders - 13th July
BUY: 8380.5
SL: 8340.5
TP: 8530.5
SELL: 8334.3
SL: 8374.3
TP: 8181.3
BUY hit so far. Update after 4pm.
12:40 - thinking of making the TP level more dynamic using ATR(5), so a week's worth of averaging, rather than the fixed 150. The Hans original TP is 120. Today's ATR(5) figure using Oanda's daily chart is 108. Also talked with zuke earlier about noting key support/resistance levels and factoring into the entries/exits. More thought required. I'd like to forward test this for another month or so to get a performance baseline. Whenever i've fiddled with simple methods in the past, performance has had a tendency to 'blow up'.
16:00 Long closed @ 8426.8 for +46.5
Todays total: +46.5
Jul total: +254.3
BUY: 8380.5
SL: 8340.5
TP: 8530.5
SELL: 8334.3
SL: 8374.3
TP: 8181.3
BUY hit so far. Update after 4pm.
12:40 - thinking of making the TP level more dynamic using ATR(5), so a week's worth of averaging, rather than the fixed 150. The Hans original TP is 120. Today's ATR(5) figure using Oanda's daily chart is 108. Also talked with zuke earlier about noting key support/resistance levels and factoring into the entries/exits. More thought required. I'd like to forward test this for another month or so to get a performance baseline. Whenever i've fiddled with simple methods in the past, performance has had a tendency to 'blow up'.
16:00 Long closed @ 8426.8 for +46.5
Todays total: +46.5
Jul total: +254.3
FX Orders - 19th July
VEBO (Volatility Expansion BreakOut)
BUY: 8299.8
SL: 8254.8
TP: 8449.8
SELL: 8247.8
SL: 8292.8
TP: 8095.0
Busy day: both sides hit for -45, -45, -45, +96.7 (-38.3)
FCBO (Fixed Channel BreakOut)
BUY: 8295.0
SL: 8215.0
TP: 8445.0
SELL: 8227.0
SL: 8309.8
TP: 8074.2
BUY hit for +101.5
Todays total: +63.2
Jul total: +409.2
VEBO (Volatility Expansion BreakOut)
BUY: 8299.8
SL: 8254.8
TP: 8449.8
SELL: 8247.8
SL: 8292.8
TP: 8095.0
Busy day: both sides hit for -45, -45, -45, +96.7 (-38.3)
FCBO (Fixed Channel BreakOut)
BUY: 8295.0
SL: 8215.0
TP: 8445.0
SELL: 8227.0
SL: 8309.8
TP: 8074.2
BUY hit for +101.5
Todays total: +63.2
Jul total: +409.2
FX Orders - 20th July
Likely to be strong resistance at 8540. Current daily chart stoch and RSI support a further move north.
VEBO
BUY: 8465.3
SL: 8430.5
TP: 8615.3
SELL: 8425.1
SL: 8460.0
TP: 8272.3
BUY triggered and closed 4pm for +44.9
FCBO
BUY: 8471.5
SL: 8391.5
TP: 8621.5
SELL: 8412.0
SL: 8494.8
TP: 8259.2
BUY triggered and closed 4pm for +38.7
Todays total: +83.6
Jul total: +492.8
Read more on the use of pivots on cable intraday and the 4 point method. Using the daily/4hr chart with emas, channels, trendlines etc might be the way forward for exits...
Likely to be strong resistance at 8540. Current daily chart stoch and RSI support a further move north.
VEBO
BUY: 8465.3
SL: 8430.5
TP: 8615.3
SELL: 8425.1
SL: 8460.0
TP: 8272.3
BUY triggered and closed 4pm for +44.9
FCBO
BUY: 8471.5
SL: 8391.5
TP: 8621.5
SELL: 8412.0
SL: 8494.8
TP: 8259.2
BUY triggered and closed 4pm for +38.7
Todays total: +83.6
Jul total: +492.8
Read more on the use of pivots on cable intraday and the 4 point method. Using the daily/4hr chart with emas, channels, trendlines etc might be the way forward for exits...
FX Orders - 21st July
VEBO
BUY: 8539.0
SL: 8485.8
TP: 8689.0
Closed @4pm for +54
SELL: 8477.3
SL: 8530.6
TP: 8324.6
FCBO
BUY: 8532.0
SL: 8452.0
TP: 8682.0
Closed @4pm for +61
SELL: 8457.2
SL: 8539.9
TP: 8304.5
Pivot = 8474 (powerful reversal off this on the 7:25 5min)
Pivot range BUY = 8483
Pivot range SELL = 8467
12:35 - FCBO has a move to breakeven stop after a set number of pips. I'll use the same within VEBO. Both BUY orders were filled this morning and both now have stoplosses at breakeven. Could be handy today, as cable is already at outer limits of average daily range and there's tough resistance at 8600.
Todays total: +115
Jul total: +607.8
VEBO
BUY: 8539.0
SL: 8485.8
TP: 8689.0
Closed @4pm for +54
SELL: 8477.3
SL: 8530.6
TP: 8324.6
FCBO
BUY: 8532.0
SL: 8452.0
TP: 8682.0
Closed @4pm for +61
SELL: 8457.2
SL: 8539.9
TP: 8304.5
Pivot = 8474 (powerful reversal off this on the 7:25 5min)
Pivot range BUY = 8483
Pivot range SELL = 8467
12:35 - FCBO has a move to breakeven stop after a set number of pips. I'll use the same within VEBO. Both BUY orders were filled this morning and both now have stoplosses at breakeven. Could be handy today, as cable is already at outer limits of average daily range and there's tough resistance at 8600.
Todays total: +115
Jul total: +607.8
FX Orders - 24th July
VEBO
BUY: 8538.9
SL: 8485.8
TP: 8688.9
Close: 8501.3
BUY filled. -37.6
SELL: 8477.4
SL: 8530.5
TP: 8324.7
Close: Not filled
FCBO
BUY: 8565.0
SL: 8485.0
TP: 8715.0
Close: Not filled
SELL: 8490.3
SL: 8573.0
TP: 8337.6
Close: Not filled
Todays total: -37.6
Jul total: +570.2
Pivot = 8551 (hit and reversed at 13:20 5min bar)
Pivot range BUY = 8571.0
Pivot range SELL = 8533.8
16:05 - the bias in using pivots as reversal points looks interesting and then targeting the overnight range levels and/or previous days high/low. For instance today a reversal from the pivot went on to break the Asian range low and is on course to hit friday's low @ 8469....
The pivot range method would have worked well today too. My thinking here is to use the Vegas style fib number exits using multiple lots, so 1 off @ +13, 1 off @+21, +34, +55 etc, moving stops to breakeven after, say, +34...worth a test i think.
VEBO
BUY: 8538.9
SL: 8485.8
TP: 8688.9
Close: 8501.3
BUY filled. -37.6
SELL: 8477.4
SL: 8530.5
TP: 8324.7
Close: Not filled
FCBO
BUY: 8565.0
SL: 8485.0
TP: 8715.0
Close: Not filled
SELL: 8490.3
SL: 8573.0
TP: 8337.6
Close: Not filled
Todays total: -37.6
Jul total: +570.2
Pivot = 8551 (hit and reversed at 13:20 5min bar)
Pivot range BUY = 8571.0
Pivot range SELL = 8533.8
16:05 - the bias in using pivots as reversal points looks interesting and then targeting the overnight range levels and/or previous days high/low. For instance today a reversal from the pivot went on to break the Asian range low and is on course to hit friday's low @ 8469....
The pivot range method would have worked well today too. My thinking here is to use the Vegas style fib number exits using multiple lots, so 1 off @ +13, 1 off @+21, +34, +55 etc, moving stops to breakeven after, say, +34...worth a test i think.
FX Orders - 25th July
VEBO
BUY: 8561.7
SL: 8469.6
TP: 8711.7
Close: Order cancelled at 4pm
SELL: 8454.7
SL: 8546.8
TP: 8302.0
Close: 4pm for -15.6
FCBO
BUY: 8554.5
SL: 8474.5
TP: 8704.5
Close: Order cancelled at 4pm
SELL: 8447.3
SL: 8530.0
TP: 8294.6
Close: Order cancelled at 4pm
Todays total: -15.6
Jul total: +554.6
VEBO
BUY: 8561.7
SL: 8469.6
TP: 8711.7
Close: Order cancelled at 4pm
SELL: 8454.7
SL: 8546.8
TP: 8302.0
Close: 4pm for -15.6
FCBO
BUY: 8554.5
SL: 8474.5
TP: 8704.5
Close: Order cancelled at 4pm
SELL: 8447.3
SL: 8530.0
TP: 8294.6
Close: Order cancelled at 4pm
Todays total: -15.6
Jul total: +554.6
FX - Pivot notes 25th July
Papertrade.
Today's Pivot: 8530.4
Pivot Range calc:
8542.0 BUY 20.3 stoploss
8521.6 SELL
2.5% risk, divided by 7 orders.
BUY Tgts 8555.0 TP1
8563.0 TP2
8576.0 TP3
8597.0 TP4
8631.0 TP5
8686.0 TP6
8775.0 TP7
SELL Tgts 8505.9 TP1
8497.9 TP2
8484.9 TP3
8463.9 TP4
8429.9 TP5
8374.9 TP6
8285.9 TP7
11:45 - Pivot reversal again today, hitting sell at 521.6. TP1-3 filled (+13, +21, +34). TP4-7 stops moved to breakeven once TP3 hit.
16:25 - this afternoon saw the pivot area hit again from below, but reversed at the pivot for a swift reversal at the 3pm news. TP4 and TP5 now hit, so 2 lots still on with stops at BE. I'll close these two tomorrow morning, if not stopped out.
08:00 26th July - closed remaining orders at 8am (8413.8) to give a trade tally as follows: +13, +21, +34, +55, +89, +107.8, +107.8.
Papertrade.
Today's Pivot: 8530.4
Pivot Range calc:
8542.0 BUY 20.3 stoploss
8521.6 SELL
2.5% risk, divided by 7 orders.
BUY Tgts 8555.0 TP1
8563.0 TP2
8576.0 TP3
8597.0 TP4
8631.0 TP5
8686.0 TP6
8775.0 TP7
SELL Tgts 8505.9 TP1
8497.9 TP2
8484.9 TP3
8463.9 TP4
8429.9 TP5
8374.9 TP6
8285.9 TP7
11:45 - Pivot reversal again today, hitting sell at 521.6. TP1-3 filled (+13, +21, +34). TP4-7 stops moved to breakeven once TP3 hit.
16:25 - this afternoon saw the pivot area hit again from below, but reversed at the pivot for a swift reversal at the 3pm news. TP4 and TP5 now hit, so 2 lots still on with stops at BE. I'll close these two tomorrow morning, if not stopped out.
08:00 26th July - closed remaining orders at 8am (8413.8) to give a trade tally as follows: +13, +21, +34, +55, +89, +107.8, +107.8.
FX Orders - 26th July
VEBO
BUY: 8438.9
SL: 8397.8
TP: 8588.9
Close: 4pm (+30.1)
SELL: 8391.4
SL: 8432.5
TP: 8238.7
Close: Stopped out (-41.1)
FCBO
BUY: 8444.0
SL: 8364.0
TP: 8594.0
Close: 4pm (+25)
SELL: 8379.3
SL: 8462.0
TP: 8226.6
Close: Not triggered
Todays total: +14
Jul total: +568.6
VEBO
BUY: 8438.9
SL: 8397.8
TP: 8588.9
Close: 4pm (+30.1)
SELL: 8391.4
SL: 8432.5
TP: 8238.7
Close: Stopped out (-41.1)
FCBO
BUY: 8444.0
SL: 8364.0
TP: 8594.0
Close: 4pm (+25)
SELL: 8379.3
SL: 8462.0
TP: 8226.6
Close: Not triggered
Todays total: +14
Jul total: +568.6
FX - Pivot notes 26th July
Papertrade.
Today's Pivot: 8439.5
Pivot Range calc:
8463.5 BUY 45.2 stoploss
8418.3 SELL
2.5% risk, divided by 7 orders.
BUY Tgts
8476.5 TP1
8484.5 TP2
8497.5 TP3
8518.5 TP4
8552.5 TP5
8607.5 TP6
8696.5 TP7
SELL Tgts
8402.6 TP1
8394.6 TP2
8381.6 TP3
8360.6 TP4
8326.6 TP5
8271.6 TP6
8182.6 TP7
17:08 - so far this week the trend has been down, so applying 'trend is your friend', today's bias was to take the pivot range sell. Orders would have been entered around 14:25 as price didn't get close enough to pivot during the UK session. Price did fall back at pivot but the pivot range sell order wasn't triggered, in fact the price action on the 5min showed a flag/pennant and Ross Hook type scenario and trend change signal. Pivot range buy order hit at 15:15 (5min) and TP1 & 2 filled so far....
12:40 27th July - TP3,4&5 hit overnight, TP6&7 closed at 8am @573.2. Pip tally (+13, +21, +34, +55, +89, +48.6, +48.6).
Papertrade.
Today's Pivot: 8439.5
Pivot Range calc:
8463.5 BUY 45.2 stoploss
8418.3 SELL
2.5% risk, divided by 7 orders.
BUY Tgts
8476.5 TP1
8484.5 TP2
8497.5 TP3
8518.5 TP4
8552.5 TP5
8607.5 TP6
8696.5 TP7
SELL Tgts
8402.6 TP1
8394.6 TP2
8381.6 TP3
8360.6 TP4
8326.6 TP5
8271.6 TP6
8182.6 TP7
17:08 - so far this week the trend has been down, so applying 'trend is your friend', today's bias was to take the pivot range sell. Orders would have been entered around 14:25 as price didn't get close enough to pivot during the UK session. Price did fall back at pivot but the pivot range sell order wasn't triggered, in fact the price action on the 5min showed a flag/pennant and Ross Hook type scenario and trend change signal. Pivot range buy order hit at 15:15 (5min) and TP1 & 2 filled so far....
12:40 27th July - TP3,4&5 hit overnight, TP6&7 closed at 8am @573.2. Pip tally (+13, +21, +34, +55, +89, +48.6, +48.6).
FX Orders - 27th July
VEBO
BUY: 8604.0
SL: 8553.1
TP: 8754.0
Close: Stopped out @ BE; re-arm for +38.7 4pm exit.
SELL: 8545.1
SL: 8596.0
TP: 8392.4
Close: Not triggered
FCBO
BUY: 8594.5
SL: 8514.5
TP: 8744.5
Close: Stopped out @ BE; re-arm for +48.2 4pm exit.
SELL: 8521.6
SL: 8604.3
TP: 8368.9
Close: Not triggered
12:40 - both buy orders filled and stops now at breakeven.
13:55 - both buy orders filled on 're-arm'.
14:05 - both stops now at breakeven.
Todays total: +86.9
Jul total: +655.5
VEBO
BUY: 8604.0
SL: 8553.1
TP: 8754.0
Close: Stopped out @ BE; re-arm for +38.7 4pm exit.
SELL: 8545.1
SL: 8596.0
TP: 8392.4
Close: Not triggered
FCBO
BUY: 8594.5
SL: 8514.5
TP: 8744.5
Close: Stopped out @ BE; re-arm for +48.2 4pm exit.
SELL: 8521.6
SL: 8604.3
TP: 8368.9
Close: Not triggered
12:40 - both buy orders filled and stops now at breakeven.
13:55 - both buy orders filled on 're-arm'.
14:05 - both stops now at breakeven.
Todays total: +86.9
Jul total: +655.5
FX - Pivot notes 27th July
Papertrade.
Today's Pivot: 8496.0
Pivot Range calc:
8524.6 BUY
8470.2 SELL
45.2 stoploss
13:00 - the follow through yesterday evening was followed on this morning and therefore price has been well above the pivot range so far. During strong trends i guess there are two set-ups to wait for, a break in the direction of the trend from yesterday's high/low and/or sit tight and wait for a pullback towards the pivot/pivot range and take a bounce, if offered.
Papertrade.
Today's Pivot: 8496.0
Pivot Range calc:
8524.6 BUY
8470.2 SELL
45.2 stoploss
13:00 - the follow through yesterday evening was followed on this morning and therefore price has been well above the pivot range so far. During strong trends i guess there are two set-ups to wait for, a break in the direction of the trend from yesterday's high/low and/or sit tight and wait for a pullback towards the pivot/pivot range and take a bounce, if offered.
