3 Little Pigs Trading System

USDJPY 10897 long from 26/9 4:00 candle, stopped during 1/10 20:00 candle at 10911, 15 behind MA, for +14

Hi Angela, I’m sure FC will reply when he can but his targets are 60 (and 75 for JPY), with stops at 30 (and 50 JPY). He closes his trades on Friday evening, in case of events at the weekend.

Thanks, HP. You are right. Better to see on the Jan to July sheet. I also now remember reading in the thread about his Friday close out. Now I only need to know how he re-enters. :slight_smile:

AUDUSD 9092 sell from 16/9 16:00 hit trailing stop at 8773 during 2/10 4:00, 13 above the MA, for +319
USDCAD 11003 buy from 22/9 12:00 hit trailing stop at 11131 during 2/10 4:00, again 13 above the MA, for +128

He takes the next valid signal the following week

Oh, I see now what has been going on here. HP with trend following, and FC for the short term approach when markets are choppy and trend followers take losses. So the same overall method but applied both ways. How fortunate for me that I stumbled across this!:59:

So I already thanked and again thank HP for creating this thread, keeping it alive, and for your answers to these recent questions of Gela.

And a big thanks to you Four Candles for your history of contributions and help making this thread what it is.

Hopefully, the markets will continue trending as we break out of the summer doldrums and really the terrible conditions in forex overall since last year.

Again, many thanks.

EURGBP 7965 sell from 16/9 16:00 hit trailing stop at 7991 during 2/10 12:00, 9 above the MA, for +154
EURUSD 12864 sell from 17/9 20:00 hit trailing stop (just) at 12949 during 2/10 16:00, 13 above the MA, for +175
New trade USDCAD 11151 buy from 2/10 12:00, with stop at 11133, 16 behind MA, stopped out during 2/10 16:00 for -18
Reopen EURUSD sell at 12675 from 2/10 16:00, with stop at 12691, 15 behind the MA

New trade USDJPY 10940 long from 3/10 12:00 candle, stop 10904, 16 behind MA

New trade AUDUSD 8719 sell from 3/10 12:00 candle, stop 8768, 19 behind MA

Thank you very much for this update. I appreciate your hard work and kindness to share these results with us.

USDJPY buy from 3/10 12:00 hit stop at 10904 for -36.
This had been up almost 50 pips, another example where we should maybe move stop to breakeven after a decent rise.

USDCAD 11156 long from 2/10 20:00 hit stop at 11136 during 6/10 for -20
AUDUSD 8719 short from 3/10 12:00 hit stop at 8768 during 6/10 20:00 for -49

USDCHF 9372 long from 19/9 8:00 hit 10 pip trailing stop at 9574 during 7/10 16:00 for +202 (previously hit +300)
New trade
USDCAD 11182 long from 8/10 12:00, stop at 11165, 16 behind MA of 11181

Phil, I see that you trail your stops behind the MA. Do you do that on MT4 with an indicator (program) or manually? I am still debating to use fixed stops and targets or a trailing method…I do have similar trade entries like you but different close.
Thanks
Angela

Gela, once in a decent profit I set the trailing stops manually.

USDCAD 11182 long from 8/10 12:00 hit stop at 11165 for -17
GBPUSD 16336 short from 24/9 16:00 hit trailing stop of 16114, 23 behind MA, for +222 (reached nearly +400)
EURUSD 12675 short from 2/10 16:00 hit stop at 12691 for -16 ( this was up over 150 and I missed earlier trailing stop close)
New trade
USDCHF 9591 long from 8/10 4:00, stop at 9574, 14 behind MA of 9588, hit stop during 8/10 8:00 for -17

Amazing post! Such an obvious but probably working strategy. Everything is logical and money management also pretty accurate. Thank you very much. I will try to backtest this strategy too.

New trades:
EURJPY 13725 short from 9/10 12:00, stop at 13750, 18 behind MA
USDCAD 11185 buy from 9/10 20:00, stop at 11154, 17 behind MA

New trades:
AUDUSD 8756 short from 10/10 0:00, stop at 8795, 20 behind MA
GBPUSD 16065 short from 10/10 8:00, stop at 16102, 22 behind MA
EURUSD 12631 short from 10/10 12:00, stop at 12659, 18 behind MA

How do you guys treat entry signals formed 1-2 hours before friday market close?

You still go ahead or wait till monday open?