Thanks tomorton.
Market is trending very well right now, a very easy period for this method. The challenge will be when market goes to a range-bound period.
Looking forward to see you in this journal again
All trades closed. Status are as follows.
close price for eurusd at 20:00 GMT was around 1.3775
buy order at 1.2922 closed at 1.3775 (853 pips profit)
1st buy limit at 1.3035 closed at 1.3776 (741 pips profit)
2nd buy limit order at 1.3340 closed at 1.3775 (435 pips profit)
2nd buy order at 1.3585 closed at 1.3778 (193 pips profit)
The profits shall be calculated in % gain or loss. Tomorrow I will claculate profit of all trades taken since start of this journal in %.
Have a nice weekend everybody, have fun
close price for eurusd at 20:00 GMT was around 1.3775
buy order at 1.2922 closed at 1.3775 (853 pips profit)
1st buy limit at 1.3035 closed at 1.3776 (741 pips profit)
2nd buy limit order at 1.3340 closed at 1.3775 (435 pips profit)
2nd buy order at 1.3585 closed at 1.3778 (193 pips profit)
The profits shall be calculated in % gain or loss. Tomorrow I will claculate profit of all trades taken since start of this journal in %.
Have a nice weekend everybody, have fun
Attachments
Congrats trader d....very nice pippage there mate...
Ok so the trend has been parabolic....but you hung in there thro a couple of 100 + retracements...no easy task letting profits run...
After such a good run , maybe it was pushing it, for a third weekend... lol
Well done.
Ok so the trend has been parabolic....but you hung in there thro a couple of 100 + retracements...no easy task letting profits run...
After such a good run , maybe it was pushing it, for a third weekend... lol
Well done.
Thanks tomorton.
Market is trending very well right now, a very easy period for this method. The challenge will be when market goes to a range-bound period.
Looking forward to see you in this journal again
Good returns trader_d - I honestly hope it continues - but 'method' might be overstating it don't you think?
All trades closed. Status are as follows.
close price for eurusd at 20:00 GMT was around 1.3775
buy order at 1.2922 closed at 1.3775 (853 pips profit)
1st buy limit at 1.3035 closed at 1.3776 (741 pips profit)
2nd buy limit order at 1.3340 closed at 1.3775 (435 pips profit)
2nd buy order at 1.3585 closed at 1.3778 (193 pips profit)
The profits shall be calculated in % gain or loss. Tomorrow I will claculate profit of all trades taken since start of this journal in %.
Have a nice weekend everybody, have fun
I've done my homework and calculated overall profit of all trades taken in this journal up to now. Details are included in attached image. Overall profit excluding today's buy order is 23.24%.
Please note that I've been lucky that market was in a very good trend last month and this result can't be considered as a correct measure of this method performance. IMHO these kind of trends happen once or twice a year. For a daily method like this, at least three year trading history is required to evaluate the method.
Attachments
Hi trader_d - Can't tell if stupid PM system on this site is working so here is reply -
At moment I am trading the Big Ben strategy on FTSE100 and just starting it on GBP/USD. No indicators, just take price max/min range between 8 and 10am, then set a buy at the high and sell at the low, to ride the break-out for the day only. Child's play, low risk, and so far, like stealing money. See thread under UK Indices I think.
Longer term I have been cursed by reversals and false signals when swing trading the FTSE100 so am taking a sabbatical from anything held overnight to concentrate on rules to refine the Big Ben. Have tried many styles but none such consistently good payers as Big Ben.
At moment I am trading the Big Ben strategy on FTSE100 and just starting it on GBP/USD. No indicators, just take price max/min range between 8 and 10am, then set a buy at the high and sell at the low, to ride the break-out for the day only. Child's play, low risk, and so far, like stealing money. See thread under UK Indices I think.
Longer term I have been cursed by reversals and false signals when swing trading the FTSE100 so am taking a sabbatical from anything held overnight to concentrate on rules to refine the Big Ben. Have tried many styles but none such consistently good payers as Big Ben.
I will not re-open last week trades. Only a single buy order placed with 1% risk.
buy eurusd at 1.3763, s/l: 1.3607 ( 1% risk).
Happy trading
Hi,
buy eurusd at 1.3763 is 165 pips in profit, s/l will be changed to 1.3790.
two other orders placed:
buy eurusd at 1.3930 s/l: 1.3790 (0.5% risk)
buy limit eurusd at 1.3875 s/l: 1.3790 (0.5% risk)
Happy trading
Attachments
Hi,
buy eurusd at 1.3763 is 165 pips in profit, s/l will be changed to 1.3790.
two other orders placed:
buy eurusd at 1.3930 s/l: 1.3790 (0.5% risk)
buy limit eurusd at 1.3875 s/l: 1.3790 (0.5% risk)
Happy trading
and target????
When no target is specified, it means that I have no target and try to follow the trend as far as possible. It should be obvious from previous trades in this journal.
Hi,
buy eurusd at 1.3763 is 165 pips in profit, s/l will be changed to 1.3790.
two other orders placed:
buy eurusd at 1.3930 s/l: 1.3790 (0.5% risk)
buy limit eurusd at 1.3875 s/l: 1.3790 (0.5% risk)
Happy trading
status are as follows:
price of eurusd is around 1.3919
buy eurusd at 1.3763 is 156 pips in profit, s/l: 1.3790
buy eurusd at 1.3930 is -11 pips in loss, s/l: 1.3790
buy limit eurusd at 1.3875 is activated and is 44 pips in profit, s/l: 1.3790
Happy trading
Attachments
status are as follows:
price of eurusd is around 1.3919
buy eurusd at 1.3763 is 156 pips in profit, s/l: 1.3790
buy eurusd at 1.3930 is -11 pips in loss, s/l: 1.3790
buy limit eurusd at 1.3875 is activated and is 44 pips in profit, s/l: 1.3790
Happy trading
All trades will be closed at 19:30 GMT.
Last edited:
All trades closed.
buy eurusd at 1.3763 closed at 1.3921 (158 pips profit)
buy eurusd at 1.3930 closed at 1.3922 (8 pips loss)
buy limit eurusd at 1.3875 closed at 1.3921 (46 pips profit)
overall profit for this week is 1.25% (swaps are not included in these calculation, therefore profit % is a bit less than specified).
Have a nice weekend everybody.
buy eurusd at 1.3763 closed at 1.3921 (158 pips profit)
buy eurusd at 1.3930 closed at 1.3922 (8 pips loss)
buy limit eurusd at 1.3875 closed at 1.3921 (46 pips profit)
overall profit for this week is 1.25% (swaps are not included in these calculation, therefore profit % is a bit less than specified).
Have a nice weekend everybody.
Attachments
Hi,
market has triggered our stoploss (1% loss). However, it seems that eurusd is going to continue its way up, therefore I'll buy again with 0.5% risk.
buy eurusd at 1.3920, s/l: 1.3764 (0.5% risk)
Attachments
buy eurusd at 1.3920 is 104 pips in profit. s/l is moved to 1.3920 (b/e).
right now price is around 1.4026. I will buy again with 0.5% risk
new order ---> buy eurusd at 1.4026 s/l: 1.3920 (0.5% risk)
Attachments
Loving your trade management in this treding market.
But I will be interested to see how you adapt to choppy markets when they come.
