Baruch's Forex System Journal

[Baruch]

Quote from Baruch:

I am long from @23 (june future). Stop: @46.

Well, I am still in. I slept very well knowing I had a stop - but when I woke up, I found out it was a "good for the day only" stop. But cares? Not me, because of that I was not stopped out.

 

[Baruch]

Quote from Baruch:

Well, I am still in. I slept very well knowing I had a stop - but when I woke up, I found out it was a "good for the day only" stop. But cares? Not me, because of that I was not stopped out.

My broker does not have "good to cancelled" stops. Or is it Globex?

 

[Baruch]

Quote from Baruch:

Well, I am still in. I slept very well knowing I had a stop - but when I woke up, I found out it was a "good for the day only" stop. But cares? Not me, because of that I was not stopped out.

But this little "accident" shows me that a trailing stop does not work. You are stopped out too early - og you give too many pips back to the market. The solution? I don't know. If you place your stop below support, the stop-hunters will get you...

 

[Baruch]

Quote from Baruch:

I am long from @23 (june future). Stop: @46.

I am out with a 50 pips gain.

 

[DrBungle]

Quote from Baruch:

I am out with a 50 pips gain.

Baruch,

Can you tell more about how you avoided all the bad signals yesterday and caught the first good one (which seemed to be in the middle of the same trading range)? Obviously there is a lot of discretion involved.

Bungle

 

[Baruch]

Quote from DrBungle:

Baruch,

Can you tell more about how you avoided all the bad signals yesterday and caught the first good one (which seemed to be in the middle of the same trading range)? Obviously there is a lot of discretion involved.

Bungle

Bad signals? All signals are good - but not all are pips-makers.

Well, I didn't catch the down-move, because I was not before the screen to catch the signal.

I just took the first signal I saw - but maybe I was just lucky? No, when I look at the chart I can't see a trading range.

 

[DblArrow]

Quote from Baruch:

I am long from @23 (june future). Stop: @46.

Long at 1.1923, with a stop at 1.1846?

Am I missing something? I don't think it ever came close to that. You said because your stop was cancelled you didn't stop out?

Make 'em pretty, Chris

 

[jrs3]

Post your profits and show everyone, like this. Otherwise it appears your cherry picking what you disclose. Hey but its your thread.

 

[DrBungle]

Quote from Baruch:

Bad signals? All signals are good - but not all are pips-makers.

Well, I didn't catch the down-move, because I was not before the screen to catch the signal.

I just took the first signal I saw - but maybe I was just lucky? No, when I look at the chart I can't see a trading range.

Baruch,

Sorry, my formulation was poor and made in a hurry.

What I ment was simply that there were plenty of signals yesterday (the number depends on whether you use the 10 pip filter or not) and I meant to ask why take the one you took and not the others.

Bungle

 

[Baruch]

Quote from DrBungle:

Baruch,

Sorry, my formulation was poor and made in a hurry.

What I ment was simply that there were plenty of signals yesterday (the number depends on whether you use the 10 pip filter or not) and I meant to ask why take the one you took and not the others.

Bungle

Hi Bungle,

OK, but the filter gives some procection against whipsaws.