the goji system, for lack of a better name

[gojilover]

hi all,

i think today represents a good example for all of us. i think i have mentioned that i like to knock off early on fridays, usually at 10:00 est. often times i hear people say what we do is gambling. i idsagree totally. as those of you who have spent some time with my little system, you know it has been profitable, albeit, for a short time. today, unless you put your trade in at 7:20 est, which i did not, there were no trades to be had between 8:00 and 10:00 am est. what you do with these types of days identifies the trader you are. i did not trade. my system came close a time or two, but nothing fit the perameters. as i must be true to the system until it tells me other wise, i did not force a trade or go looking to other currencies. i do not need the action, BUT I WANT THE WINS. THUS, I DID NOT GAMBLE, thus i did not trade. HAVE A GREAT WEEK END TO EACH AND EVERYONE OF YOU.

[gojilover]

hi all,


one last comment. while i was writing my message today, the system gave us a long entry. around 10:10 we could have entered at 1.1315. swissie just hit 40, so by moving your stop loss, you would certainly not have a losing trade with this action. i point this out only to educate, as some of you may not have stopped at 10:00 am. now this is key, am i upset? no, it's the market, there will be other trades, next week. i have had a good week. and i hope it continues, next week. later.

[johnnykanoo]

i through a 10ema up on a usdchf chart for the heck of it( i dont usually trade this pair). and ive found that this system does have some potential. Ill be keeping an eye on this and maybe throw in a trade or 2 next week to test the waters. gojilover I like your attitude about not trading fridays. I usually don't like fridays at all. Unfortunately im stuck in 2 trades that I won't close yet but I almost never do this. Ive seen some nasty gapping over the weekend.

[dobro]

I agree regarding Fri trading but thought I saw an opportunity.
Sell stop @1.1344, 08:01 EDT
entered 08:11
TP @ 08:51 at 1.1334, +10

I forgot I had an appt this am so i closed that trade but as we can see the pr went down to just below 1.1300 so I missed a potential extra 34 pips. Even with TP & SL in place I rarely leave the house with a trade open, I just like to monitor them. But the 10 are mine. Have a good weekend all, d

[dobro]

A sell stop @ 1.1380 at 08:05EDT and SL hit 30 minutes later @ 1.1406, -25p

A buy stop @ 1.1418 at 09:25; 1st TP at 09:32, +25p. Moved SL to 1.420 and rode it for a while but candle action had me take an early 2nd TP @ 1.1457. Not the purist at following the rules but I got +pips. Good strategy and will continue to demo it this week and then move it to my live platform next Monday if progress continues. No more trading for today. d.

[gojilover]

hi all,

monday, monday! it looked like we were in for a bad day initially. however, this is why you must stick with the system. as you will see monday turned out pretty good. i will say, though, that after the success i quit trading. the two bad initial trades just made me be suspicious of the market. remember, i do not need the action but i thrive on the wins. thus today, i only went one win and two losers, but as you will see made 32 pips. the trades:

8:34 long 1.1400 exited at 88, at 8:40, as price closed below 10 ema - 12

8:48 long 1.1400 exited at 90, at 8:55, as price closed below 10 ema -10

9:24 long 1.1405 exited at 1.1459, after the run up i chose to wait for the close of the five minute candle, at 9:35. thus i made several more pips than my strategy indicates i should. this trade produced a + 54 minus, the earlier -22 = + 32 pips for the day.

notice, my first trade went in at 8:34 today. i began just before 8:00, and was finished woking at 9:35, with + 32 pips. as it turns out, I LIKE DAYS LIKE THIS, I LIKE TO QUIT EARLY, and now that i am finished, i do not care what else happens in the market.

have a great day.

[gojilover]

OOPS, I ALMOST FORGOT:


today's +32 pip profit gives us +373 pips since inception, 10-3-08.


NOW, HAVE A GREAT DAY!

[rykookyr]

Went long at 1.1545 at 8:45, it went about +20 but I hung on only to see it drop back for a +10 trade so I bailed.

[gojilover]

hi all,

what a day! i have quit for the day. i do so because i am +10 on the day, +379 since inception. here are my trades. there was simply no follow through today.

long 1.1535 at 7:57
exit 1.1540 at 8:11, used a 15 pip trail stop. +5

long 1.1555 at 8:50
exit 1.1555 at 8:52, used a 10 pip trail stop as i did not want a winner turn into a loser. it had been up + 10 quickly, so i quickly move s/l to b/e.

short 1.1535 at 9:10
exit 1.1535 at 9:34, again using a trail/stop of 10

long 1.1545 at 9:59
exit 1.1537 at 10:00, on close below 10 ema -8

short 1.1535 at 10:06
exit 1.1535 at 10:09 using a trail/stop of 10, actually 9

long 1.1545 at 10:33
exit 1.1558 at 10:45 +13, i know i should have stayed with the trade, however it was approaching 11:00, and taking the +13 would give me a +10 on the day. the way things were moving, i wanted to wipe out my -8 trade more than hang around and hope this last trade continued up. as such, i won today. i am now up +379 since inception.

ps. it is now 11:00. i feel justified by my action as u/chf rolled over and closed at 1.1545. as such that would have been another break even, but i would have had a negative day, albeit, a small one. the big difference here is what doing this has done to my psyche. TODAY, I WAS A WINNER!

[dobro]

I wish I would have demo'd this strat. today even if at a loss; it would have been educational. As it was I was live with the euro, cable, & yen - lost big on all three using another strategy. Best I hang out here for a while. d.