The conditions for the 9:30am GBP/USD long trade did not line up. Next trade: the 12:30pm GBP/USD long trade.
The conditions did not line up for the 3pm GBP/USD long trade. Next trade: AU open EUR/USD short trade.
Good morning friends,
Hopefully you were able to make a bit of profit during last night’s session. 
The conditions did not line up for the 7am EUR/USD short trade this morning. Next trade: the 9:30am GBP/USD long trade.
The conditions lined up for the 9:30am GBP/USD long trade. Here is the setup:
Entry Price: 1.5752
Exit: at the open of the 6:30pm CST bar
S/L: 1.5712
TP: 1.5772
Based on current price, I recommend taking this trade with a lesser lot size.
Good luck!
The 9:30am GBP/USD long trade reached TP. Here is how the trade played out:
Entry Price: 1.5752
Exit Price: 1.5772
Trade length: 2 bars
Profit: 20 pips ($200)
Next trade: the 12:30pm GBP/USD long trade.
The conditions did not line up for the 12:30pm GBP/USD long, or the 3pm GBP/USD long trades.
Next trade: the AU open EUR/USD short trade.
hi guys,
i just started using this week alone i make 3200 in 4 days. i buy when over sold and sell when over bought. simple. 16th feb 2012 audusd.bmp (610 KB)
nik
Hi everyone,
I am also new to forex trading and learning my way through demo trading and the advise and schooling from Babypips.I just want to confirm the time zones for this strategy in GMT.
- 7am CST will that be 13:00 GMT
- 9:30am CST will that be 15:30 GMT
You see I am in South Africa and just want to confirm my entry periods into the market.
Jacques
Good morning all,
The conditions lined up for the 7am EUR/USD short trade this morning. Here is the setup:
Entry Price: 1.3168
Exit: at the open of the 11am CST bar
S/L: 1.3228
TP: 1.3148
Happy trading!
Thanks for the post Jacques,
GMT is approximately 6 hours ahead of CST; thus 7am CST = 1pm GMT, and 9:30am CST = 3:30pm GMT. Hopefully this helps!
The 7am EUR/USD short trade reached TP today. Here is how the trade played out:
Entry Price: 1.3168
Exit Price: 1.3148
Trade length: 4 bars
Profit: 20 pips ($200)
Because of the market’s early close, we only have one other trade today.
Next trade: the 12:30pm GBP/USD long trade.
The conditions lined up for the 12:30pm GBP/USD long trade today. Here is the setup:
Entry Price: 1.5830
Exit: at the open of the 3:30pm CST bar
S/L: 1.5800
TP: 1.5840
Happy trading!
My summary of the week ending 2/17/12. Week 3 using the Tradertilidie system
First, I only do the 7:00am trade, the 12:30 GBP/USD trade, and the AU open trade. This just works for me. Also this is on a demo account
Out of the 15 trades I had 7 trades that meet the requirements for me to start the trade.
Out of those 7 trades 5 hit Take profit
Out of those 7 trades 1 hit Stop Lose
Out of those 7 trades 1 did not hit TP, or SL and times out with me closing them at the proper time.
My account ended up +28 pips for the week.
I hit TP on 2x 7:00am open. 2x 12:30GBP/USD 1x AU open (Yay +70 pips!)
I hit SL on 1x 12:30GBP/USD. (ouch-30 pips)
I had 1 that didn’t hit either 1. (-12 pips)
I’ve been on this system for 3 weeks. My combined profit is -111 pips.
I’m very happy, this was my first week the system showed a profit for me. Certainly my 3 week is down but +28 pips is close to where I see this system producing in profit, some where close to ~20 pips a week.
If my clock shows 20:30 pm but mt4 21:30 on wich one i have to look
Thanks for the post chiganpower. You will need to place the trades based on your MT4 platform’s time zone.
ok thanks so if u place trade at 15:00 mt4 will be 6 or 7 hrs ahead? I live in UK
Not all MT4 platforms are set to the same time…it depends on the broker. I recommend taking a look at this site: The World Clock – Time Zones, looking at your MT4, and then determining the difference in time zones.
Hopefully this helps!
Alright, here are the stats that I’ve promised to deliver for the trades in 2011.
[B]7am EUR/USD short trade:[/B]
Total Net Profit: $2,298.00
Total Trades: 114
Winners: 80
Losers: 34
Winning %: 70.18%
Avg Trade length: 3 bars
[B]9:30 GBP/USD long trade: [/B]
Total Net Profit: -$1,028.00
Total Trades: 131
Winners: 76
Losers: 55
Winning %: 58.02%
Avg Trade Length: 5 bars
[B]12:30pm GBP/USD long trade:[/B]
Total Net Profit: $3,644.00
Total Trades: 120
Winners: 85
Losers: 35
Winning %: 70.83%
Avg Trade length: 2 bars
[B]3pm GBP/USD long trade:[/B]
Total Net Profit: -$1300.00
Total Trades: 129
Winners: 74
Losers: 55
Winning %: 57.36%
Avg Trade length: 7 bars
[B]AU open EUR/USD short trade:[/B]
Total Net Profit: $4,878.00
Total Trades: 176
Winners: 130
Losers: 46
Winning %: 73.86%
Avg Trade length: 7 bars
[B]Total Overall Profit: $8492
Total Overall Trades: 670
Avg Overall Winning %: 66.05%[/B]
Something to note: If you are using a proper money management plan (one that includes compounding and lot size control), your profit will likely be much more than this.
We will be dropping the 9:30am GBP/USD long trade and the 3pm GBP/USD long trade until further notice as their losses surpassed the maximum historical drawdown last year. When trades surpass the maximum DD in the system, they are no longer working as the market has changed its pattern. We will be replacing these trades with other trades, and I will post the details soon.
Hopefully this helps those of you who have been requesting a recap. Have a great weekend, and I will update the board on Tuesday (Monday is a holiday).
Cheers!
Thx, much appreciated
I’m glad I could be of help