Simple & almost naked. The dream date or the dream system?

[franckyz]

No good results for me last days…
Exemple : 2 StopLoss on H1 for EurUsd and GbpUsd

[blizard]

Hi Guys, some crazy trading today, oil looked great but had more losses than wins overall, may have overtraded a little.:56: Looking forward to Monday morning and taking things a little slower.

thanks:

Registration URL: Webinar Not Available
Webinar ID: 129-814-003

[system]

Hi Blizard,

Could you post some charts with wins and losses from friday 29th june?
Unfortunatly I can not watch youre webinars so I can 't see how you trade
and is it possible to make a FDP FIle with the rules how to trade.

regards
Dutch

[blizard]

Hi Dutch I dint really take any screen shot, ill start documenting each trade for the users going forward. Thanks

[paw3000]

im truly busy this days… no time to trade

@christinaa

but even if the fractal has painted and 2 bars later price pushes above where the fractal was painted, wont the fractal be repainted as the previous fractal no longer represents the highest point anymore? i back tested your bollinger band + fractal system with amazing results, but then realised thats only because im backtesting with the advantage of knowing where the fractals ultimately end up. wow thats a lot of indicators more than 7 guns your carrying a bazooka. i would like to hear about your ongoing results please. i still think your bollinger band system has potential.

No, if it pushes above, a new fractal appears:

@christinaa

yes but if you were to only enter on the retracements sure this would utilize a tighter stop loss and you could capitalize on the take profit. but you would miss out on all the trades where price doesn’t retrace back to the trend line. but maybe you would make more in the long run by only trading once price has retraced 50% back to the stop loss then trading 1:2 rr

ye, thats what i think is better to enter on the normal break and then add a new position on the retracement.

maybe trading on renko charts could be a good idea, because of his clearness showing supports and resistances. Have anyone already tried it?

[christinaa]

maybe trading on renko charts could be a good idea, because of his clearness showing supports and resistances. Have anyone already tried it?

sorry never heard of it
so do you still do your bollinger band system?
what were you using as your SL and TP?
and what are good pairs to use for the bollinger band system
thanks

[goodpunk6]

Ladies and Gentlemen,

If you trade oil using this system, then I am about to blow your mind away. I made a little discovery just now with this system and the 261.8 extension using the fib tool. I believe that we now have an amazing way to determine profit targets. I found that I was able to call moves to the tick using the method I’m about to describe. What was amazing is how frequent and accurately I was able to do it.

This became less accurate as the time frame got higher. However, the 161.8 extension was pretty dead on as well on time frames other than the 1m.

On the 1m chart ONLY. When looking at the break of the trendline, you must go back two legs from the leg that is breaking the trendline and use your fib tool on that 2nd leg back. Draw your fib in the direction of the trade so you can see the 261.8 target. Examples below.

[system]

Hi Goodpunk,

thanks for sharing youre charts and details
Do you also look at the Eur/usd 1 minute chart ?

regards
Dutchfx trader

[goodpunk6]

Hi Goodpunk,

thanks for sharing youre charts and details
Do you also look at the Eur/usd 1 minute chart ?

regards
Dutchfx trader

Actually I do. but I’m having a harder time finding my discovery on the eur/usd. I have noticed that 161.8 level is always hit but the trade almost always seems to be cut early. I’ll keep studying the pattern and let you guys know what I’ve discovered and if this could be applied to the pair at all.

It’s great to know that it is freakishly consistent in oil. Perhaps a custom fib will be needed.

[blizard]

*A special thanks to Goodpunk6 for encouraging us to use the system on Crude Oil along with Forex

Hello guys, i have been trading only oil for the past 3 days with great success, oil moves much faster and it seems to trend much better also. Here are my results from a LIVE trading account. I think next week we will be trading oil with EUR/USD on Mondays webinar. Here are the details of the trades and next webinar:

Registration URL: https://attendee.gotowebinar.com/1zt10/register/1852709322063926784
Webinar ID: 122-890-139

[goodpunk6]

@blizard

*A special thanks to Goodpunk6 for encouraging us to use the system on Crude Oil along with Forex

Hello guys, i have been trading only oil for the past 3 days with great success, oil moves much faster and it seems to trend much better also. Here are my results from a LIVE trading account. I think next week we will be trading oil with EUR/USD on Mondays webinar. Here are the details of the trades and next webinar:

Registration URL: https://attendee.gotowebinar.com/1zt10/register/1852709322063926784
Webinar ID: 122-890-139

Glad to be of service. I see the 3rd and 2nd were good days! I’m really happy about your success!. You MUST give my fib discovery a try! I just took this trade! Again, the 261.8 level is hit. I love this strategy!

[blizard]

Thanks Goodpunk and yes the fib targets are usually hit especially if you take the pull back before the breakout to plot them.

looking forward to Monday:20:

[blizard]

If you notice today, oil moved so much better than the EUR/USD and the entries are much easier to spot and trade. Using the breakouts and fib pull backs is very easy trading oil usually and profits come much quicker. There were no trades on the EUR/USD today during the USA session but many opportunities trading oil.

thanks

[Bijoymj]

I was watching this strategy and seems to be profitable. I entered a short position in oil based on a pull back of price to the break out trend line on a 5 in chart. Initially the price went almost 90 pips against me and now the price is in my favor and presently I am up by 75 pips.

I am not sure about the point to place TP.

Please guide me,if I am not correct.

[Bijoymj]

Closed at 86.16 gaining 84 pips.

[drick008]

@Bijoymj

I was watching this strategy and seems to be profitable. I entered a short position in oil based on a pull back of price to the break out trend line on a 5 in chart. Initially the price went almost 90 pips against me and now the price is in my favor and presently I am up by 75 pips.

I am not sure about the point to place TP.

Please guide me,if I am not correct.

This looks like a continuation of a trend. Try FIB extension or some calls it expansion.

[Bijoymj]

Again shorted at 86.50 on a pull back of price to the recent broken trend line on M5(oil) chart.

[Bijoymj]

Closed at 85.50 for a gain of 100 pips before NFP.

[goodpunk6]

@Bijoymj

I was watching this strategy and seems to be profitable. I entered a short position in oil based on a pull back of price to the break out trend line on a 5 in chart. Initially the price went almost 90 pips against me and now the price is in my favor and presently I am up by 75 pips.

I am not sure about the point to place TP.

Please guide me,if I am not correct.

Try this - http://forums.babypips.com/free-forex-trading-systems/42750-simple-almost-naked-dream-date-dream-system-111.html#post368992

Draw the fib in the direction of the trade. Use the 2nd leg back. Aim for the 261.8 but you definitely get the 161.8.

[Bijoymj]

Thanks. I will try that…