6/12/2010

June 12th statement

This week looked very good at the beginning... At the end the Japan pairs ruined the results though. GU worked perfectly. Here are this week trades

























And statement of my account of course...
Posted by at

9 comments:

  1. AnonymousJune 13, 2010 at 10:27 AM

    Hi Slurpee,

    Are you implementing any of the 1minutedaily update suggestions? (i.e. moving stoploss, not trading certain days of the week, etc.) Or are you still trading the classic way?

    ReplyDelete
  2. SlurpeeJune 13, 2010 at 11:45 AM

    Hi Anonymous,

    I am trading the classic way, only avoid the NFP on the first friday in the month. But I might change it... Do you trade it the new way?

    ReplyDelete
  3. AnonymousJune 13, 2010 at 8:02 PM

    Hi Slurpee,

    From the backtesting I've done, none of the 1minutedaily suggestions are any good. The wave indicator does more harm than good - makes you miss on out on good trades and doesn't prevent many bad trades.
    The day of the week suggestion also is no good - Friday this year has had a 73% win percent (better than Monday or Thursday!) I didn't extensively backtest their other suggestions, such as moving stoploss, etc. but just from looking over the past couple of week's trades, it would've made you miss out on some good wins!
    So I'm sticking with classic...

    ReplyDelete
  4. SlurpeeJune 13, 2010 at 9:05 PM

    I looked at it today too and agree with you. The only thing I do is move my SL when the TP is almost hit... We will see how it works in the long time:)

    ReplyDelete
  5. AnonymousJune 15, 2010 at 1:03 AM

    Hi Slurpee, thanks for your posts. Yes stick to the system. I made the mistake of trying to optimise the system too much and missed a couple of good trades. I found the wave indicator not to be that useful for the breakout strategy but useful for scalping or missing Friday for GBPUSD or Thursday for USDJPY. I found understanding candlesticks to be the best edge to compliment he breakout strategy.

    ReplyDelete
  6. AnonymousJune 15, 2010 at 1:04 AM

    I meant missing Friday for GBPUSD and Thursday for USDJPY not likely to make a difference over time - I say trade it all when following the basic strategy.

    ReplyDelete
  7. AnonymousJune 15, 2010 at 1:29 PM

    Hi,

    Do any of you guys use the EA provided?

    I've back tested the EA using the strategy tester, and really not had good results.

    Perhaps I'm doing something wrong, but I've tested with a couple of different brokers.

    ReplyDelete
  8. SlurpeeJune 16, 2010 at 9:13 AM

    Hi Anonymous,

    I agree that it is the best to trade the old system and watching the charts with it... Right now, I am testing (live) to move my TP a little bit further when there is no support or resistance in sight. It means more discretion to my trading and it could be a bad move, but I will give it a try...

    Hi Anonymous II:)

    I dont use the EA, dont trust perpetum mobile:)

    Take care guys,

    Tomas

    ReplyDelete
  9. AnonymousJune 17, 2010 at 7:56 AM

    Hi Tomas,

    I am a profitable news trader & have been trading the 1minutedaily system live profitably in my first month. Please email me at benthorns@hotmail.com so we can discuss with one another what is working and what is not working with the system. Cheers Ben

    ReplyDelete

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