Thread: GbpUsd 5 min breakout

250 pips doesn't mean you are always profitable.

max

Originally Posted by ;

250 pips doesn't mean you are necessarily profitable.

Max

yeah, please post your profit or loss in % thx

Hmmmmmm

If we utilize the same MM egy during our trading for this platform, and we are 250 pips up this month....how can we not be in profit this month?

FX

that I am looking to binaries instead for this but have done nothing about it yet. I will allow you to know as soon as I have anything.

The reason I need results in the WWLWWLLWWWL format is since I said in my first post here, I am trading this system differently with respect to MM. I dont want to hijack the thread but I will describe briefly for you.

I think that the win to loss ratio with this system, and the fact that we've got a 1:1 risk reward ratio could lend itself to some short term aggresive MM system.

For example, you could begin with #100 and risk it all, double. Then use #200 and risk it. Then use #400 and risk it twice and so forth. If you lose, go back to some level where You are risking half of your BR.

It's a Martingale system with a gap.

Had we began this in Nov, by the first week in Jan we'd have gone fron #100 to #25000 by simply trading this system and my MM ey.

And dont forget that we just risked #100 of their own money!!

So you see, I'm just interested in whether we won the commerce or not. I dont care about doubling up or how many pips we created.

I will repeat what I said earlier, that it is a short term egy, but its one that's working very well at this time.

The difficulty comes when trying to risk such a high% of your BR without obtaining a margin call. Spread betting allows us to get nearer to the amount but not it all. Binaries MIGHT let us to do.

I'm not recomending this MM system to anybody else. There's a great chance you willloose your BR.

I guess it really comes down to whether or not the market is trending or stuck within a range. . .As is evident from this week we had been stuck in a range for most of it even though we managed to squeeze a few winners out of it..If we could determine early enough that cable is gon na na range for a little while it may be worth considering GBP/JPY for those few days or for this week. It is apparently a volatile pair and shifting over to exchange it at those times may be a worthwhile option. But I could be wrong.... Hove and I agree that the profitability of this system can only be quantified in% profit or loss as lot size is corrected. I reckon we must figure out a filter. I wouldn't enter before the 5 min candle has shut away from the box and as a result it has saved my bacon several times but it does mean that I have to monitor the transaction through the day...

Originally Posted by ;

I suppose it boils down to whether the market is trending or stuck within a range. . .As is evident from this week we had been stuck in a range for most of it even though we managed to squeeze a few winners out of it..If we could ascertain early enough that cable is still begging na range for a little while it may be worth looking at GBP/JPY for those few days or for this week. It is apparently a fairly volatile pair and shifting over to exchange it may be a worthwhile option. But I could be wrong.... I agree with Hove that the profitability...

Can you help me understand how we could be down following a 250 pip profit with a continuous MM system please. Perhaps I want to re evaluate this since, so far as I can work out, we'd maintain profit?

You are about a filter it'd certainly help however, the results are fairly impressive without a filter.

I had an extremely quick look at EUR/JPY last night and it didnt seem so good by many false break outs. But it did seem like we may be able to filter a lot of these retraced some kind of refined filter or break outs in that area.

Incidently

If we can accurately predict a range for cable, try this:

When our entry is triggered, input in the opposite direction and tp in the other end of the box!

Many pips to be had....If we can predict the range!

Hi,

For what its worth I agree with the poster that it would be possible to have a positive pip amount at the close of the month and still lose money. This is because you have 2 days where we win on the first trade and the day lose after staking a double lot. So if we were risking 3 percent each day..you may have two days winning on the first trade only where you woulod have obtained 1 1% = 2%, and lose the next day -1% - 2% = -3%. The amount of pips aren't vital as risk is quantified in terms of%. .so it would be possible to be optimistic pips and lose...

The result have been really impressive for Nov and Dec but long term could be different so IMHO I feel that a filter or discretion is required...

Additionally, I mentioned to check out GBP/JPY and not EUR/JPY. .may it was a kind error in your article but perhaps take a look at this pair. The eur/jpy doesn't seem to be volatile for this method thus a GBP pair would be better satisfied. .

I will take a look at your proposal as I was thinking the same myself this week however I suoppose the trouble is determining if cable is clicked and never trending. . I must go out now but I would like to talk to you more about your plan mentioned in your earlier post. I have a couple ideas that are not to do with this method that could well be applied to a plan... I will be in contact with you later....

Blinkers....

Originally Posted by ;

Can you help me know the way we can be down after a 250 pip gain with a constant MM system please....

[quote=fxblinkers;3371870]Hi,

For what its worth I agree with the poster that it would be possible to have a positive pip amount in the end of the month and still lose money. This is because you maigh have 2 days where we win on the initial trade and the day drop after having a double lot. If we were risking 3 percent each day..you may have two days winning on the initial trade just where you woulod have gained 1 1% = 2%, and shed the next day -1% - 2% = -3%. The amount of pips are not vital as risk is measured concerning%. .so it would be possible to be positive pips and shed...

quote]

Ah I seeI had been assuming a consistant trading amount. When we martingale then of coursewe could lose whilst gaining pips. Sorry for my confusion.

I stated about EUR/JPY simply cos I just happened to look at it last night. No motive.

I've been attempting to filter cable for a while now but come up with nowt really. It could indicate a MASSIVE difference with my MM if I will filter even 2 or 3 transactions a month. A consistant filter would be better with Cains system.

See ya later

The box size changes, 1 day it can be 10 pips, the subsequent 100, nevertheless the win / lose value is still the same - ie if you lose you lose 2.5%, should you win you win 2.5% whatever the amount of pips traded.

Trade 1 100 pips = 2.5%
2 -10 = -2.5%
3 - 15 = -2.5%
4 50 2.5%
5 -30 = -2.5%
6 80 = 2.5%
7 -40 = - 2.5%
8 -12 = - 2.5%
9 140 = 2.5%
10 - 13 = -2.5%

There you go, plus 250 pips, - 5 percent. You should be trading a % of your balance per transaction.

Max

Originally Posted by ;

Incidently

If we can accurately predict a range for cable, do this:

When our entry is triggered, input the opposite direction and tp at the opposite end of the box!

Many pips to be had....If we can predict the range!

Sorry. . .this is uncertain to me. . .please elaborate.

Thanks,
BC

Originally Posted by ;

Sorry.. .this is uncertain to me. . .please elaborate.

Thanks,
BC

When we can say it won't trend today but range rather, then when our entrance is triggered (state, sell) we would buy and see it reverted to our other entrance point that has gotten our tp.

Basicly, trending market trade outside the box, ranging market trade inside the box.

But....and this is a HUGE however, we have to accurately predict whether it will fad or range.