Gamblers live trades new system

[Mogui1998]

I have made some adjustments in my system so I thought it was time to initiate a new trading diary. The principles for my system are extremely identical to the principles explained in this thread https://www.nigeriaforextrading.com/trading-discussion/40-building-good-foundation-lessons-mister-bill-linda-bradford-raschke.html.

My new rules takes into account the volatility for a certain pair is not the same all the time so that I can't use fixed stop losses and take profits. I will not describe the system in this post but in the coming weeks I'll be posting pictures of my transactions so you can get an notion about what I am doing.

[Valcamce]

I look forward to after your trades as you refine your system.

[amyab]

Hi Gambler,

I use a very similar egy so I anticipate it also. GL. https://www.nigeriaforextrading.com/attachments/1525197935.jpg

[Mogui1998]

Thanks for the nice remarks. I run the system in cycles and I have bought USD/JPY now. Because this is the beginning of a new cycle and I haven't lost money yet I'll close if it is in profit but that I also have a target in the event the price reaches there and then retraces.

http://img228.imageshack.us/img228/1...vngivetbn3.jpg

[Mogui1998]

I inadvertently used virtual currency from that trade and the very first trade has been closed. As it was not money, this trade is not counted by me. I have bought the pair again now this time.

Http://img381.imageshack.us/img381/6...vngivetxs6.jpg

Edit: The trade is with approximately 1 % of my account balance.

[Mogui1998]

Now the trade hit on ceased reduction of -52 pips and I have written in an excel sheet that I have lost one time with one %. In case the next USD/JPY trade is also a reduction I will raise the lot size to 2 % of my account balance. If I win more than I have lost I will start a new cycle.

[Mogui1998]

Today I sold USD/JPY

http://img501.imageshack.us/img501/6...vngivetve2.jpg

[Mogui1998]

Today the price hit my target and I eraned 72 pips.

Total 20 pips

The next trade will be the start of cycle 2.

[Valcamce]

Now the price hit my goal and I eraned 72 pips.

Complete 20 pips

The next trade will be the beginning of cycle two. Congratulations, it is always nice to be back in the dark.

[Mogui1998]

Today I bought CHF/JPY

http://img237.imageshack.us/img237/6...vngivetsz4.jpg

[Mogui1998]

Stop loss has been hit and I lost 51 pips.

Complete -31 pips.

[Llolegeagua2012fomex]

Hey Gambler...

Good luck man... I have been following your thread... I hope you do well!!!

Will be watching this thread with interest...

I have a system, very similar to yours - from your initial concept.

Regards,
Vip

[sanligol18]

Hey Gambler...

Good luck man... I've been following your thread... I hope you do well!!!

Will be watching this thread with interest...

I've a system, similar to yours - out of your initial idea.

Regards,
Vip Hey Guess121

I only began reading this thread and am really interested!!
Gambler's system is superbly simple and to the point--the purpose of earning pips that's. Talk about subsequent price action------Yyyeeeaahhhhh--------
I think some pips can be made here.
Incidentally , what is your system similar to this one?

[Mogui1998]

Now I hit my target and that I got 65 pips.

Complete 34 pips.

[sanligol18]

Thank you for the nice remarks. The system in cycles runs and I've purchased USD/JPY, today. As this is the beginning of a new cycle and I haven't lost money I shall close when it's in profit but I have a goal in the event the price reaches there then retraces.

Http://img228.imageshack.us/img228/1...vngivetbn3.jpg Hey Gambler180--

Cool small thought--Could you please tell me more about the bicycle that you're using?

[Llolegeagua2012fomex]

Support and Resistance - Measure Lines Only

Take a look at this chart - I don't want to take over Gamblers Journal...

Although you are able to see where price stops... this is not a bad way of trading.

Arrow Down
Into trading station - short

Tick
Goal

Thumbs Up
Price transferred from the opposite direction, but where did it prevent?

You have to discover the trading zone and take your profit goals with SL in use and great MM, you are able to exchange.

Although no transaction is ever the same, SL, TP or lots you're trading, this is where MM will be the winner!

Regards,
Vip


Hey Guess121

I just started reading this thread and am very intrigued!!
Gambler's system is superbly simple and to the point--the purpose of making pips that is. Discuss subsequent price action------Yyyeeeaahhhhh--------
I think some pips can be made here.
By the way , what is your system much like this one? https://www.nigeriaforextrading.com/attachments/1525197946773596687.jpg

[Mogui1998]

Hey --

Cool little idea--Could you please tell me about the bicycle that you are using? Please read the initial article. I take it as it comes over the next few weeks or months.

[Llolegeagua2012fomex]

Hey Gambler,

How you do today?

Regards,
Vip

[Mogui1998]

Since I can see a double bottom I have bought CHF/JPY. I should have bought but I slept. All day was a fight and I fell asleep.

[Mogui1998]

The CHF/JPY place has struck stop reduction of -82 pips.

Total -48.

[Mogui1998]

The EUR/CAD trade is only about 1/4 of this lot size I should have employed since I forgot to change the lot dimensions. Yesterday I experimented with another system.

[Lo]

It calculates the amounts Long and Short?Thx?

[Mogui1998]

how it calculates the levels Long and Short?Thx? I really don't understand the question.

[Mogui1998]

Stop loss was attained by the EUR/CAD now and I dropped 170 pips. I'm counting that as -170 pips though the lot size was of what it ought to have been, just 1/4.

Complete -82

[Mogui1998]

Here is trade.

This transaction is using a lot size of approximately 1 % of the account size.

http://img183.imageshack.us/img183/2...vngivettd2.jpg

[Lo]

Here is todays trade.

This transaction is with a lot size of about 1 % of the account size.

Http://img183.imageshack.us/img183/2...vngivettd2.jpg how it calculates the levels 1,5615 and 1,5637 and 1.511 for Long and Short?Thx

[Mogui1998]

how it calculates the levels 1,5615 and 1,5637 and 1.511 for Extended and Short?Thx The entry egy is clarified within this thread https://www.nigeriaforextrading.com/bitcoin-talk-and-cryptocurrencies/153-trailing.html.

[Mogui1998]

From now on I am only going to create long positions about the EUR/CAD pair before the bottom of the downtrend has been broken.

[Mogui1998]

Now I have lost a lot of pips. 251 to be precise.

Complete -333 pips.

[Mogui1998]

The current system sucks so I have opted to use a new egy. As you can see on the picrure is just a simple straddle egy. Red =sell, greenbuy, blue=the price once I produced the pending orders and grey take profit.

http://img221.imageshack.us/img221/3...vngivetms3.jpg

[Mogui1998]

I opted to close for a profit of pips.

[Huang]

Dude, you are embaressing yourself. Could be time to stop posing your signs...

[Mogui1998]

Dude, you are embaressing yourself. May be time for you to quit posing your signals... I haven't asked what your view is please keep it to yourself unless you've got something constructive to say. This isn't intended as trade signals. It's just a trade journal for myself so that I see what I have done before and will return in time and learn from my errors.

[Mogui1998]

Yesterday a position was opened and it was Shut by me for 5 pips

[Mogui1998]

If anyone is interested I've created a new journal in this thread https://www.nigeriaforextrading.com/trading-system-and-egies/213-dasr-successful-trading.html