trader_dante Veteren member Messages 4,535 Likes 1,538 Mar 31, 2008 #21 Trade update: Usd/Cad stop moved to 1.0238 (+7 ticks)
trader_dante Veteren member Messages 4,535 Likes 1,538 Mar 31, 2008 #22 Sell to close 1 Usd/Cad at 1.0266 Net profit: + 35 ticks (£35)
trader_dante Veteren member Messages 4,535 Likes 1,538 Mar 31, 2008 #23 Trade #1: +52 / £364 Trade #2: +35 / £35 Total: £399
trader_dante Veteren member Messages 4,535 Likes 1,538 Apr 1, 2008 #24 Tencorp, Since you are about to have your order hit, what size are you taking the trade at? As, by my calculation, your stop is 572 ticks I would imagine £1 a tick (5.72%) but perhaps you are going to take more risk? Last edited: Apr 1, 2008
Tencorp, Since you are about to have your order hit, what size are you taking the trade at? As, by my calculation, your stop is 572 ticks I would imagine £1 a tick (5.72%) but perhaps you are going to take more risk?
T tencorp Junior member Messages 18 Likes 5 Apr 1, 2008 #25 i would have taken at £1 a tick. there will be plenty of time to add if the trade works out.
trader_dante Veteren member Messages 4,535 Likes 1,538 Apr 2, 2008 #26 Order entered to sell Usd/Cad at 1.0202 Stop at 1.0243 Risk = 41 ticks Trade size: £1 a tick (total risk: 10.3% of accumulated net profit) Reason: Daily TF rejection of top of the range leads to break of ascending TL AND breach of S/R pivot. Subsequent attempt at rally then fallies. Entry to be taken on break of previous bar low with stop above its high. Attachments usd-cad.gif 26.2 KB · Views: 306
Order entered to sell Usd/Cad at 1.0202 Stop at 1.0243 Risk = 41 ticks Trade size: £1 a tick (total risk: 10.3% of accumulated net profit) Reason: Daily TF rejection of top of the range leads to break of ascending TL AND breach of S/R pivot. Subsequent attempt at rally then fallies. Entry to be taken on break of previous bar low with stop above its high.
trader_dante Veteren member Messages 4,535 Likes 1,538 Apr 2, 2008 #27 Trade update: Usd/Cad stop moved to 1.0238 (- 36 ticks)
trader_dante Veteren member Messages 4,535 Likes 1,538 Apr 2, 2008 #28 Trade update: Usd/Cad stop moved to 1.0226 (- 24 ticks)
trader_dante Veteren member Messages 4,535 Likes 1,538 Apr 2, 2008 #29 Was planning to add another £1 on the break of the two bar low on the 1hr but it had moved through it before I could post it...oh well Trade update: Usd/Cad stop moved to 1.0202 (breakeven)
Was planning to add another £1 on the break of the two bar low on the 1hr but it had moved through it before I could post it...oh well Trade update: Usd/Cad stop moved to 1.0202 (breakeven)
trader_dante Veteren member Messages 4,535 Likes 1,538 Apr 2, 2008 #30 Trade update: Usd/Cad stop moved to 1.0186 (+ 16 ticks) Tightening it more than usual as we enter the "chop zone".
Trade update: Usd/Cad stop moved to 1.0186 (+ 16 ticks) Tightening it more than usual as we enter the "chop zone".
trader_dante Veteren member Messages 4,535 Likes 1,538 Apr 2, 2008 #31 Buy to close £1 Usd/Cad at 1.0202 Net profit: £16 Trade #1: +52 / £364 Trade #2: +35 / £35 Trade #3: +16 / £16 Total: £415
Buy to close £1 Usd/Cad at 1.0202 Net profit: £16 Trade #1: +52 / £364 Trade #2: +35 / £35 Trade #3: +16 / £16 Total: £415
T tencorp Junior member Messages 18 Likes 5 Apr 7, 2008 #32 the stop order on usd/cad should be moved up to 0.9796 a simultaneous buy order should be placed at 1.0331 this will be for another unit of £1 per tick
the stop order on usd/cad should be moved up to 0.9796 a simultaneous buy order should be placed at 1.0331 this will be for another unit of £1 per tick
T tencorp Junior member Messages 18 Likes 5 Apr 10, 2008 #33 stop order on usd/cad should be moved up to 0.9815 buy order is still in place at 1.0331 for second unit. total risk on open position is now 496 ticks. as i said when i started this, the initial risk of 601 ticks is diminishing as the market is given time and room to trade.
stop order on usd/cad should be moved up to 0.9815 buy order is still in place at 1.0331 for second unit. total risk on open position is now 496 ticks. as i said when i started this, the initial risk of 601 ticks is diminishing as the market is given time and room to trade.
Mathemagician Established member Messages 603 Likes 130 Apr 10, 2008 #34 Tencorp, How about a backtest and equity curve for this system? jj
S simthegreat Newbie Messages 1 Likes 0 May 23, 2010 #37 Haha man, i thought dante was gonna lay the smackdown so rawly on that dude!!! He was certainly going that way until the anticlimax
Haha man, i thought dante was gonna lay the smackdown so rawly on that dude!!! He was certainly going that way until the anticlimax