I can hire fire alarms going off somewhere...

Cesarnc's market talk, gossips, rumours & fun

euro Busted 1.60

Cesarnc's market talk, gossips, rumours & fun

I think this is the picture you were trying to post: image

Cesarnc's market talk, gossips, rumours & fun

Elmster, Congrats. I hope you find this system to be as profitable as I have.

Weekly 80/20 Setups

+3178 Pips and Counting... — Closed Trade #31: Enter Date Direction Pair Price Exit Date Price Pips 13-Apr-08 Long NZD/USD 0.7892 21-Apr-08 0.7968 +76 image Overall Results: +3178 Cumulative Pip Total 25 Winning Trades (+168.88 pips/win) 6 ...

Weekly 80/20 Setups

What I should have said is that different brokers use different cutoff times to determine their daily candle. Weekly cutoffs happen at the same time for all brokers. So with the weekly candle, you can expect minor differences in min and max weekly ...

Weekly 80/20 Setups

I'll be interested in seeing your daily results. I considered doing the same but decided against it because it would take up too much of my time, and because daily candles are different at different brokers. It would be difficult to find a system ...

Weekly 80/20 Setups

That's exactly right. If I have an open trade from last week that ran into this week, I adjust the TP to this week's value. I DO NOT place a limit order at the new week's entry price until the previous trade is closed. Theoretically, you probably ...

Weekly 80/20 Setups

Those are very close to what I have for GBPJPY as well.

Weekly 80/20 Setups

Looks like a cut and paste error. Thanks. Here's the correct data... #19) 21-Mar-08 Short USD/JPY 99.53

Weekly 80/20 Setups

Weekly 80/20 Setups for 20 Apr 08 - 25 Apr 08 — PAIR Direction Entry Exit (My Position) GBP/JPY Short 204.46* TP=200.49 (Short from 202.02) GBP/USD Short 1.9885* TP=1.9651 (Short from 98.75 USD/JPY Short 102.94* TP=101.22 (Short from 99.53) ...

Weekly 80/20 Setups

Holland, Last week, I entered the GBP/JPY SHORT at the 80% level: 202.02 and I set my TP to last week's 20% level: 198.24 (potential profit of 378 pips). Since GBP/JPY did not hit 198.24 prior to Friday's close, I keep the trade open going into the ...

Weekly 80/20 Setups

Both trades were set up as Limit Orders as soon as I TP'd them. However, the price traded all the way back down to the Limit Price, and were executed. Last week's EUR/GBP data: Entry 0.7953 Exit 0.8042 I think my last post explains my logic behind ...

Weekly 80/20 Setups

EUR/GBP was entered today (Friday) at 0945 GMT EUR/USD was entered today (Friday) at 1242 GMT These trades are from this week's setups. Why did I enter so late? As soon as I TP a trade, I immediately place a limit order on the same pair at that ...

Weekly 80/20 Setups

I like your logic here as well. My system was set up to draw a projected candle based off previous price action (trend). How you choose to slice and dice that projected candle is up to you. I chose 80/20 as a safe margin to cut a 60% chunk of the ...

Weekly 80/20 Setups

Dragosd1, I like your spreadsheet. Good work. I like the visual indicators. Keep in mind, I have found that the strength of this system is in identifying breaks in the 20-wk trend. So if the 20 wk trend is negative, but the 3 week trend is positive, ...

Weekly 80/20 Setups

Cell G24 is fine. I should have said Cell F24. It should be "SUM(F4:F23)/20" not "SUN (F5:F23)/20"

Weekly 80/20 Setups

Entered two more... — Entered two new trades this morning: New positions are in BOLD I currently have OPEN positions in: Trade No. Enter Date Direction Pair Price #19) 21-Mar-08 Short USD/JPY 1.5648 #29) 10-Apr-08 Short USD/CHF 1.0082 #31) ...

Weekly 80/20 Setups

I don't close bad trades. Every weekend, I recalculate Entry and TP levels. On all trades, good or bad, open or closed, I reset the TP to the new week's TP. Eventually, the TP will be hit. For trades that drag on for several weeks, it will most ...

Weekly 80/20 Setups

The only thing I can see wrong is Cell F26. You are only adding the previous 19 cells and then dividing by 20. You need to add the previous 20 cells. Other than that, it looks good.

Weekly 80/20 Setups