Math, When I first started this system, I ruled out several pairs because there was not a significant 20 week trend. I believe this is why I ruled it out back in Feb. I'll take another look at it when I get some time.

Weekly 80/20 Setups

Reversed position in AUD/USD — RCWSO, Here's a great example of a trade that was held longer than I wanted it to be. However, patience paid off. Initially, the trade was profitable, but quickly took a nasty turn. Most people panic and sell for ...

Weekly 80/20 Setups

Math, Here's my personal pips banked on these pairs since I went live 4 Feb 08: EURUSD 6 wins 1 loss +1254 GBPUSD 8 wins 3 losses +259 AUDUSD 7 wins 1 loss +671 USDCAD 4 wins 2 losses +161 EURJPY 3 wins 4 losses -346 EURCZK 6 wins 2 losses +9774 ...

Weekly 80/20 Setups

I had a few minutes to peak in on this thread. Mathematician, thanks, I could not have said it better. This is really all I have to add...the only guarantee I make with this system is that you will have winners and you will have losers. Only time ...

Weekly 80/20 Setups

yonnie, I forgot to mention that I chose 20 weeks because it felt like it was not too long and not too short. In other words, you may find success with this system using different time periods.

Weekly 80/20 Setups

RCWSO, It's not uncommon for different brokers to have slightly different quotes. I would say that if you are within 10 pips, you are calculating things correctly for the numbers that you have. 1. I'm not sure if Oanda uses Bid or Ask on their ...

Weekly 80/20 Setups

Yonnie, You are right, this system blasted from 0 pips profit to 3000 pips profit quite rapidly. Since then, it has bounced around for quite some time between 3000 and 4000 pips. It does seem to have been stuck there for some time. You mentioned the ...

Weekly 80/20 Setups

I always stay in the trade until the TP is hit. Keep it mechanical. Don't "decide" to do anything. Let the system generated Entry and TP levels do the deciding for you. If you look at ALL the losses, they all "TP'd" after a nice "comeback". In other ...

Weekly 80/20 Setups

You're not missing anything. Usually if a trade is held over a weekend, the TP is lowered to a point that decreases the amount of pips that you originally would have gained, or it locks in a loss, as you mentioned. Even though we don't use stop ...

Weekly 80/20 Setups

Yes and no. Yes, relative to other currencies, but no, if you take small position sizes. What is "sky-high" risk? It's different for everyone. If you take small position sizes from the outset, you'll be fine. Let's say you are 100 feet from the edge ...

Weekly 80/20 Setups

Moving — To all, I am in the process of moving my family three states north. My time and ability to post on here will be very limited over the next two weeks. I know there are several questions that came in over the last day or two, and I will ...

Weekly 80/20 Setups

Yonnie, As I pointed out, there are a lot of limitations with Zulutrade. Since I can't control contract size on Zulutrade, I really have no way to control risk on that site. The only way to do that, is if you see one currency with too many longs or ...

Weekly 80/20 Setups

Weekly 80/20 Setups for 22 Jun 08 - 27 Jun 08 — PAIR // 20% Level // 80% Level GBP/JPY // 209.95 // 213.76 GBP/USD // 1.9519 // 1.9736 USD/JPY // 106.99 // 108.55 USD/CHF // 1.0286 // 1.0484 EUR/USD // 1.5434 // 1.5657 AUD/USD // 0.9425 // ...

Weekly 80/20 Setups

Reversed Position in NZD/USD — Closed Trade #60: 04-Jun-08 Long NZD/USD 0.7784 19-Jun-08 0.7628 -156 image Overall Results: +3448 Cumulative Pip Total 40 Winning Trades (+159.03 pips/win) 20 Losing Trades (-145.15 pips/loss) 66.67% Win Rate ...

Weekly 80/20 Setups

Screenshot — image I thought I would post my Activity screenshot to help explain how the new twist to the system works. I woke up this morning to see that the GBP/USD TP'd at the 80% level at 3:35 AM (Central Time). At the same time, the ...

Weekly 80/20 Setups

Reversed Trade in GBP/USD — Closed Trade #64: 10-Jun-08 Long GBP/USD 1.9534 19-Jun-08 1.9704 +170 image Overall Results: +3604 Cumulative Pip Total 40 Winning Trades (+159.03 pips/win) 19 Losing Trades (-144.58 pips/loss) 67.80% Win Rate ...

Weekly 80/20 Setups

RC, When I first started this system, I only traded in the direction of the trend. So if you trade by the original rules, you would only have one trade set up and would not need to cancel a second trade. Under the new rules, you still don't cancel ...

Weekly 80/20 Setups

Steve, You are right, this system will not work without patience and tight risk management. I have seen Jacko's thread and find it interesting. However, as I understand his method, you get back into a trade that was stopped out at a Stop Loss. Since ...

Weekly 80/20 Setups

I'm sorry, I misunderstood what you were suggesting. I added up my absolute exposure of the 24 trades I currently have and it equals about 27.6% of my account X 50:1 leverage. If you are only trading 10 pairs, you are looking at 2.9% of capital per ...

Weekly 80/20 Setups

Reversed position in USDCAD — Closed Trade #57: 30-May-08 Short USD/CAD 0.9974 17-Jun-08 1.0180 -206 Overall Results: +3434 Cumulative Pip Total 39 Winning Trades (+158.74 pips/win) 19 Losing Trades (-144.58 pips/loss) 67.24% Win Rate +59.21 ...

Weekly 80/20 Setups