London Breakout 1

From the name it sounds as if hes advertising his website where you can make ‘better sit down’ [B]10 pips[/B]. :smiley:

Sorry for creating a huge misunderstanding because I chose a name for logging person such as " Tenpipsclub".
There is no and will never be any personal advertising over here or any were else to sell anything because I do not have anything to sell. Its just a name. I happen to believe in making 10 pips per trade and 100 pips per week with very strong money management you can make a good living which I enjoy. I enter trade with 5 different systems and three came out from this BabyPips. The main difference is that I try to make only 10 pips from any system / trade at a time. I have been following this London Break out for last three months and made twelve positive trades ( No Loss)in live EUR/USD in last month and testing GPB/USD demo act. The only reason I decided to post now because Muthur has posted lost in GBP today while I made 10 pips today. But hey its your thread… By the way I am following cowbunga system live and doing some demo work on James 45 pips system with great success with slight twist to them also. If you still have doubt I can e-mail you my post and then if you find appropriate then and then you can post. The best I can offer… Let me know before I post any thing…otherwise I will be just a student of this website…

My apologies… but we do get alot of one time adverts with the name as the website. The best of luck with your system. 100 solid pips a week is good. :slight_smile:

yep that’s good, even though some people average 80 pips a day :wink:
even 10 or 20 can have some pretty impressive long term results.

Thats okey. I do understand your concern now. I will come up with other name like tenpips or something and go forward with that because I still believe that with proper money management if you can gain 10 pips per trade and be comfortable to increase your lot size you can be one of the 5 % people who makes money in this market. I will post my money management system the one I follow strickly. Thanks
Now I have to figure out how to place the chart and excel in the post.

Spent two years and over 5000 hours developing and fine tuning a new strat. Forward testing it this year in demo… 23 trades so far and not lost one yet. Want to see the percentages and max drawdown though. :slight_smile:

Tenpipsclub,

Welcome to this thread. Any post that will promote mutual constructive learning is always welcome here. Looking forward to your trade charts to make learning more interesting :slight_smile: Btw I dont think you have to change your post name.

Regards,
Muthu.

Sounds interesting Robert. With that much time and effort in it I know you don’t want to just give it all away but if you don’t mind sharing the concept how about sending me an email?

I’ll forward test until 100 trades should be there around end’ish January and do some number crunching should have some fairly reliable data by then. Its a complete departure from how I have always traded… but was working on something and the penny finally dropped! :stuck_out_tongue: All that time trading one way blinded me from a simple truth (‘its all just an illusion’ Hehe… couldnt resist it). Anywas I’ll post some of the trades at the usual place in real time so that you can check I’m not filling out an excell sheet post trade. :smiley:

Would be real easy to make an EA of the strat too… COUGH… did I just say that! :smiley:

hahaha hilarious!

guess I’ll have to bone up on that mql programming language!

Looks like great time and effort went in to make this new strat of yours. Hope we can get an insight of what it is all about and how it is going …

Muthu.

If it turns out to be the ‘Holy Grail’ you won’t get a sniff. :wink:

I’ll set up a signal service website and you can pay for the trades like everyone else. :D:D:D

Ha Man,

I will try to tackle and grab that ball from your hand soon :wink:

Many have tried… used to play at County level (State v State for US types). One of my boys is looking like going all the way to under 18 England team… HSBC Cup final man of the match at 14 and now a County player himself.

Great to know about the progress of the little one and about your feat as well and yes refreshing to get a break from all the talk about forex and look in to the picture :slight_smile:

Weekends we can lighten up… its allowed. :smiley: Cas, SanMiguel and I used to have some fun… shame CAS’s gone. He’s 16 now and not so little 6’4"… a winger.

so what am I chopped liverw ?

(that was my best yiddish accent) :smiley:

I had two pending orders at the points marked one for short and one for long. My short got triggered first and reversed for a loss. My entry at the break of the upper trend line gave profit. Over all today was a Loss. Since we were in a good uptrend for the past three trading days, should i have avoided a short trade on a monday morning??? I leave it to your expert comments and suggestions.

Regards,

Muthu.
Chennai
India.

Not sure about the trendline for the short?
I guess it’s in line with the “rules” but I might have taken the earlier swing low. Cable looked like it was finding support in the 1.6060 region overnight.
I had a long going on my trade today, which was stopped out for -30, cable then bounced again. One of those things.