mathematician, Also, I wanted to say, that just looking at your name, I can tell that you and I think along the same wave lengths. Your first post on this thread was right on the money (no pun intended) as well. Let me share my thought process in ...

Weekly 80/20 Setups

First off, I use OANDA, which lets you choose any position size you want. It doesn't trade in standard "lot" sizes but uses "unit" sizes. Under my trader preferences, I can set the value of the standard trade at "X"% of capital. Right now I have it ...

Weekly 80/20 Setups

Closed EUR/GBP — Closed Trade #52: Enter Date Direction Pair Price Exit Date Price Pips 25-May-08 Long EUR/GBP 0.7960 06-Jun-08 0.7976 +16 image Overall Results: +3161 Cumulative Pip Total 36 Winning Trades (+158.67 pips/win) 18 Losing ...

Weekly 80/20 Setups

A comparison of my overall stats... — I thought I'd share with you all my overall performance with all the pairs I trade. This is probably a one-time only deal, as I'm way too busy to post regularly on all these pairs!! Keep in mind, the ...

Weekly 80/20 Setups

Now that's more like it! — Closed Trade #59: Enter Date Direction Pair Price Exit Date Price Pips 02-Jun-08 Long EUR/JPY 162.59 05-Jun-08 165.16 +257 image Overall Results: +3145 Cumulative Pip Total 35 Winning Trades (+162.74 pips/win) 18 ...

Weekly 80/20 Setups

Thanks for the kind words! Conventional FOREX education says you will get killed by trading without stop losses. I initially started this system with stop losses equal in size to the amount of profit I projected I would make. In other words, if the ...

Weekly 80/20 Setups

I have not backtested, only forward tested.

Weekly 80/20 Setups

Okay, I understand. From what I have observed in my limited FOREX experience, price gaps occur much less often in FOREX (over a weekend) than they do with overnight stock prices. So one could use the previous week's closing price to estimate the ...

Weekly 80/20 Setups

I completely understand your second point and have considered this approach myself. I thought about not placing an entry at 80 or 20 unless the price first hit the 100 or 0 level. Frankly, the system as is, is taking up a lot of my time right now, ...

Weekly 80/20 Setups

Sour Streak — This system has now lost five in a row, and six of the last seven. This is starting to hurt the statistics a bit, but I have not lost faith in the system. I have to remind myself that I've only been doing this live for four to ...

Weekly 80/20 Setups

Closed Two more... — Closed Trade #50: (I should have posted this two days ago) Enter Date Direction Pair Price Exit Date Price Pips 18-May-08 Short GBP/JPY 203.80 02-Jun-08 204.71 -91 image Closed Trade #49: Enter Date Direction Pair Price ...

Weekly 80/20 Setups

I was beginning to wonder if anyone was still out there!

Weekly 80/20 Setups

Reversed Position in EUR/JPY — Closed Trade #48: Enter Date Direction Pair Price Exit Date Price Pips 13-May-08 Short EUR/JPY 161.93 02-Jun-08 162.59 -66 Overall Results: +3026 Cumulative Pip Total 34 Winning Trades (+159.97 pips/win) 16 ...

Weekly 80/20 Setups

Reversed Trade in GBP/USD — Closed Trade #51: Enter Date Direction Pair Price Exit Date Price Pips 19-May-08 Short GBP/USD 1.9590 02-Jun-08 1.9657 -67 image Overall Results: +3092 Cumulative Pip Total 34 Winning Trades (+159.97 pips/win) 15 ...

Weekly 80/20 Setups

Weekly 80/20 Setups for 01 June 08 - 06 June 08 — PAIR Direction Entry Exit (My Position) GBP/JPY Short 208.64* TP=204.71 (Short from 203.80) GBP/USD Long 1.9657 TP=1.9876 (Short from 1.9590)** USD/JPY Short 105.25* TP=103.46 (Short from ...

Weekly 80/20 Setups

Closed Trade #44 USD/CAD — I've been away for a few days on vacation. This post will catch up on all changes since I have been gone. Closed Trade #44: Enter Date Direction Pair Price Exit Date Price Pips 06-May-08 Long USD/CAD 1.0068 30-May-08 ...

Weekly 80/20 Setups

Two new positions in BOLD — I currently have open positions in: (new positions in BOLD) Trade No. Enter Date Direction Pair Price #44) 06-May-08 Long USD/CAD 1.0068 #48) 13-May-08 Short EUR/JPY 161.93 #49) 16-May-08 Short NZD/USD 0.7736 #50) ...

Weekly 80/20 Setups

Weekly 80/20 Setups for 25 May 08 - 30 May 08 — PAIR Direction Entry Exit (My Position) GBP/JPY Short 206.02 TP=202.14 (Short from 203.80) GBP/USD Long 1.9542 TP=1.9765 (Short from 95.90)** USD/JPY Short 104.31 TP=102.57 (Waiting for entry ...

Weekly 80/20 Setups

Closed USDJPY — Closed Trade #47: Enter Date Direction Pair Price Exit Date Price Pips 13-May-08 Short USD/JPY 104.54 21-May-08 1.0280 +174 image Overall Results: +3253 Cumulative Pip Total 34 Winning Trades (+159.97 pips/win) 13 Losing ...

Weekly 80/20 Setups

Yes, I have a pending Short USDCHF limit order at this week's entry price of 1.0564 with a TP of 1.0375. This order was placed as soon as I TP'd out of my last open USDCHF position. I should point out that this is how I trade this system. This ...

Weekly 80/20 Setups