Forex trading live calls and set ups

[15 min tlb]

G M all

Euro is likely to head to 1.50 .

Long 1.4256

stop 20

2 positions

mbe 20

target 20/60

closed 1.4306

+ 20 , +50 = +70

Nearly got my stop , bustard the bird

 

[15 min tlb]

How do you know everyone else is NOT trading on demo accounts?

How can they keep sluts happy with demo money?

 

[15 min tlb]

long oil

106.95

stop 40

going to scrub this call at 95 , -0 because I fear contango premium will come off the futures price this week.Expiry next week.

 

[15 min tlb]

Long e/gbp

0.8768

stop 20

2 positions

target 20/40

mbe 20

take profit 1 0.8788 +20

second mbe

 

[15 min tlb]

Long e /usd 1.4296

stop 20

1 position

 

[15 min tlb]

long e /usd 1.4296

stop 20

1 position

-20

 

[wackypete2]

Get the demo barrels out!Dis is live account.

I'm trading live, except for the few oil trades I made last week and I clearly stated they were demo.

Peter

 

[wackypete2]

For anyone interested, I decided to scrap the oil trading for now. I had to use another platform and I ended up having too many windows and platforms open. Was driving me nuts. Maybe try again later if I consolidate accounts.

Peter

 

[15 min tlb]

take profit 1 0.8788 +20

second mbe

second closed at b/e

 

[15 min tlb]

long e usd 1.4324 and e gbp 0.8775

stop 20

2 positions

mbe 20

target 20/40

 

[15 min tlb]

long e usd 1.4324 and e gbp 0.8775

stop 20

2 positions

mbe 20

target 20/40

-40 on e usd

 

[15 min tlb]

Long e/yen 118.11 stop 20

 

[15 min tlb]

Long e/yen 118.11 stop 20

close 118.23 +12 eod

 

[15 min tlb]

-40 on e usd

long e usd 1.4324 and e gbp 0.8775

stop 20

2 positions

mbe 20

target 20/40

closed e o d +16 0.8784

 

[Lord Flasheart]

still short aud, not much ahead now,may add in and also looking to short eur if it goes a little higher

 

[15 min tlb]

Hi guys

I want your opinions on a new high probability trend system for day trading.We trade this system only when there is a strong trend.The target profit is 12 pips and the stop loss is 30 pips.To enter the trade , a strong trend must be established, price must retrace and form a bottom at retracement , price must be attempting to rejoin the trend.

This should not screw up money management , because the probability of stops getting hit are very low.The probability of catching 12 pips are much greater.I call this the 12/30 pip system , next time I call.You can all call these 12/30 pips system trades and we will experiment over the next few weeks.

How about it?

Here are three examples of trend retracement /continuation patterns.

 

[wackypete2]

You need 3 wins for every loss. Tough to do.
It looks like there are 2 possible entries on your chart prior to #1. Both would have been winners, but I assume they didn't fit your criteria? These could be helpful since you're using a 30 pip stop loss. How has back testing performed?

Peter

 

[15 min tlb]

You need 3 wins for every loss. Tough to do.
It looks like there are 2 possible entries on your chart prior to #1. Both would have been winners, but I assume they didn't fit your criteria? These could be helpful since you're using a 30 pip stop loss. How has back testing performed?

Peter

The first and second were not included because a clear trend had not been established.These can not be back tested with automated software.

We are looking at probabilities .We are probably looking at 85 % hit rate , 20 trades a week,17 profitable trades =204 , 3 losing trades of 30 = 90 , equals net profit of 104 per week * $10 = 1040.

I ran some automated backtests on euro /usd with a profit target of 22 and a stop of 20 , the hit rate was 48 % on weak trends , on strong trends we could get 85% with 30/12 .

I do not like 12 pip stops , because they get hit very quickly , even 20 pips get taken out frequently.

 

[be-positive]

morning long gbp/usd 1.6344 stp 1.6334 trg 1.6354

 

[Lord Flasheart]

morning all,gave back 100 pip profit on aud

short eg .8810 sl 15