clissold345
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Morning Howlinwolf, thanks for confirming the signal on gold. I'm only recently started trading Pocrel's system, so feedback is useful to me. Regards, Chris.
Morning Howlinwolf, thanks for confirming the signal on gold. I'm only recently started trading Pocrel's system, so feedback is useful to me. Regards, Chris.
clissold345
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Howlinwolf
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Good one Clissold, I've only been following this thread/system for a short while myself so I'm still getting my head around the rules. That gold trade looked like one Pocrel would have taken-and it worked very well!
clissold345
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There is a pin on the CAC according to my worldspreads charts but risk to reward is little better than one to one. So I'm not going to take it.
clissold345
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Brent and WTI are getting quite close to livecharts pivots, so they may be worth watching later today.
clissold345
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Pin on Brent. Not the perfect shape for a pin (tail not long enough when compared to the height of the head) but risk/reward is good.
clissold345
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clissold345
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Hi mate yes thats the one. !3:30-14:00, it worked out fine. I went in 7445 (after its high was broken and then retraced) and exited 60.
been doing some stats on this system. since my sample size has reached 100 trades, thought I put down some results:
50 winners (hit next pivot level or 2:1 R/R)
18 trades that hit the 1:1 R/R
32 losers.
this is impressive. even if u just take all profits at 1:1, for every 1 loser you would've had just more than 2 winners.
Breaking the results down into 4 separate markets:
FX: 54% winners, 15% 1:1, 31% losers
oil: 48% winners, 26% 1:1, 26% losers
indices: 50% winners, 12% 1:1, 38% losers
silver/gold: 38% winners, 24% 1:1, 38% losers
so if u just traded oil, AND took all profits at 1:1, for every loser you would've had 3 winners!👍
50 winners (hit next pivot level or 2:1 R/R)
18 trades that hit the 1:1 R/R
32 losers.
this is impressive. even if u just take all profits at 1:1, for every 1 loser you would've had just more than 2 winners.
Breaking the results down into 4 separate markets:
FX: 54% winners, 15% 1:1, 31% losers
oil: 48% winners, 26% 1:1, 26% losers
indices: 50% winners, 12% 1:1, 38% losers
silver/gold: 38% winners, 24% 1:1, 38% losers
so if u just traded oil, AND took all profits at 1:1, for every loser you would've had 3 winners!👍
Last edited:
23. 11 winners, 6 losers, 6 x 1:1
clissold345
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Hi DDI, yes, thanks for posting the stats. Yes, they are impressive! Can I just double check something with you? All the trades followed Pocrel's system? Livecharts pivots, stop loss = 1 pip above or below the pin, pin cuts pivot, etc?
Hi Clissold yes they are all as per his system apart from fx pivots where I used my autopivots (a few pips different from livecharts.) If the difference was significant, then I used livecharts.
Had 10 set ups today.
3 on eurusd. 2 winners, 1 loser.
1 each on brent, dax, cac : all winners
1 on audusd: 1:1 (almost hit 2:1)
1 on WTI: loser
2 on gold: 1 hit 1:1 (even a bit further), the other still running, B2 on chart (long 1533) and looking good now after almost being stopped out!
3 on eurusd. 2 winners, 1 loser.
1 each on brent, dax, cac : all winners
1 on audusd: 1:1 (almost hit 2:1)
1 on WTI: loser
2 on gold: 1 hit 1:1 (even a bit further), the other still running, B2 on chart (long 1533) and looking good now after almost being stopped out!
Attachments
Hi its the pivot point from livecharts.co.uk - unless I i made an error while drawing it.
