The goji system, for lack of a better name

Trading Systems
201

hi all,

orpips, you are right i should not have been in the 9:50 am trade. i went back and checked my log and i was right, i did enter at 9:57 and exited at 10:01. i am glad that worked out for me but i consider that simply luck. it was close to 10:00 am news and then somehow, i didn’t read the charts properly. maybe all this cancelling and re-entering got to me.

another point, which could cause some minor variations. i use the pippettes. sometimes the entry is really 1.2630-1, 2, 3, and the exit maybe 1.2623-8,9, 24-1,2. i usually just round those off. also, once a trade is in i usually concentrate on the S/L line and moving it. therefore, it is tough to stick to an absolute 4 pip trail stop. it also allows for pushing it tight when you are close to a TP and you wind up with a +9, as yesterday. thus very often, when stopped out, i do not know the exact amount until i check, and i do use the profit/pips.

i am going to check some of your other questions. i really appreciate the monitoring and i hope it is helping you. i am sure, in the long run, it can help me. the 9:25 trade, things were moving very fast. i remember that one becasue i actually had the S/L closer but pulled it back before locking it in, or maybe the platform jumped?

i took the 8:35 entry only because the spreads went back to normal. at some points today, the spread on e/u, was actually .7. i do not think i have ever seen that either. so, strange things are happening.

later,

goji, bernie

ps, also, i have been switching to the one minute charts after entry. this is helping me move the S/L sooner. it may also explain some of the variations. in fact as soon as i switch, i have been moving off of the 10, especially, if there are candles where the 10 is outside of previous highs or the lows. i will move to just outside of those high and lows. remember, i am always looking to shorten the S/L.

202

Another great day for me. Chart looked awful at 8, so I didn’t enter, which is good, because it looked like three losses in a row. An entry at 9 would have panned out but there was news at 8.30 and 9.15 so I stayed out. Two entries a little after 10, both losses. News at 10.35 so didn’t take trade, which would have been a TP.

So far for the week: 5 losers, 1 winner, a bunch of BEs. Results wouldn’t be quite as bad without a few mistakes on my part, but would still be in the negative.

203

hi all,

WELL, MAYBE NOW THAT THE ECB HAS CUT RATES, PERHAPS THINGS WILL GET BACK TO NORMAL, FOR AWHILE! THROUGH TODAY’S UP AND DOWN RADING AGAIN, I THINK I DID COME UP WITH A POSSIBLE SOLUTION TO ONE OF MY PERCEIVED PROBLEMS WITH THIS STRATEGY. I DO NOT CONSIDER IT MAJOR BECAUSE, THOUGH IT DOES COME UP, IT ONLY COMES UP ONCE IN AWHILE. I REFER TO RE-ENTRY ON LONG MOVE DAYS. AS I GO THROUGH THE TRADES, I WILL EXPLAIN:

8:15 entered order short, 1.2615
8:17 hit S/L, exit, 1.2615, -10

between 8:45 and 9:05, orders were entered and cancelled

9:05 entered order long, 1.2630
9:06 long, 1.2630
9:09 moved to BE
9:10 hit TP, +12.5, +2.5

I DID NOT TAKE THIS NEXT TRADE, wish i had, BUT I OBSERVED IT. UPON THE END OF THE PREVIOUS TRADE I HAD A FEELING THAT THINGS MAY CONTINUE GOING UP. MY RULES DO NOT ALLOW FOR AN ADDITIONAL ENTRY. THUS, I SWITCHED TO THE 15 MINUTE CHART. FOLLOWING MY ENTRY RULES BUT APPLYING THEM TO THE FIFTEEN MINUTE CHART WOULD HAVE PRODUCED THE FOLLOWING:

9:20 long, 1.2660
9:21 hit TP, 1.26725, (would have been a +12.5)

I BELIEVE THIS IS SOMETHING TO MONITOR INTO THE FUTURE. IF THIS BECOMES VIALBE THEN MAYBE THIS ROUGH COUPLE OF DAYS WILL HAVE CREATED A LONG TERM IMPROVEMENT. TIME WILL TELL!

this was my final trade of the day:

10:10 entered order short, 1.2675
10:11 short, 1.2675
10:13 exit, 1.2675, had been to 1.2671, 0, +2.5, day, +64 for the week

i will be back at 3:00 pm today. hopefully, we will have better success, time will tell!

goji, benie

204

hi all,

there were no trades yesterday between 3:00 pm and 4:00 pm. THIS MORNING THINGS RETURNED TO NORMAL FOR THIS SYSTEM. SO, I GUESS ALL’S WELL THAT ENDS WELL. as humans, it seems we need explanations for changes of the status quo, so i am going to attribute tues., wed., & thurs. to the ecb and euro zone rate cuts. i may be right or wrong but it works for me. i hope that some of those who experienced the several rough days were in on the trades today, because from entries to exits both trades today were exited within one minute. those who know my style, should know that i am finished for the day, week etc. in spite of three very uncertain days, +89 pips is a good weekly amount. today’s trades:

7:50 entered order short, 1.2680
8:03 short, 1.2680
8:03 exit, 1.26675, +12.5

8:30 news, nfp, terrrible for usa

8:45 entered order short, 1.2650
8:48 short, 1.2650
8:49 exit, 1.26375, +12.5, +25 for the day

december total, +89

i wish you all a marvelous weekend,

goji, bernie

ps. no trading today, 3:00-4:00 pm

205

lol, I’m coming to believe very quickly that there really is no such thing as a “system” and the only thing that matters is the trader (and luck, of course).

News at 8 and 8.30, so I sat out until 9am. Total for the day: one +7, one TP, two SLs. Total for the week: -36 pips. Out of my last eight trades, six were SLs. As I’ve said, some of these were mistakes on my part. Had I done everything strictly by the book, I believe I would be around even or possibly slightly profitable.

206

hi all, specifically to orpips,

i hope this helps. i am observant of news only until the spreads return to normal. i will never invest in a currency with a 10 spread. now, on the other hand, if the e/u goes to 10, and then drops back to, say 2.5, and i get a signal, i will jump in. i am sorry to hear of your problems, perhaps this will help. i sense your frustration in your struggle to find something that you can truly believe in. for sure i was there. now, i feel comfortable, even calm, and usually get frustrated when i make a mistake. the market is what it is. all i hope is to jump into and ride several more profitable trades than those that are not. also, i do not consider a BE, a negative. here’s an analogy from american football, sometimes, it is ok to punt. in trading, thus, it is ok to BE. for me this is working, but again, this is why i could never sell a system. there are numerous variables and one does need to be flexible.

two points; i am now looking at the 15 minute chart for possible re-entry, and this past week, i started looking at a new time slot.

for those who have had some problems this week, i truly hope next week is much more positive.

goji, bernie

207

hi all,

do not do this often, however, this is not the first time i have done it either. i couldn’t sleep tonight. i fell asleep earlier than normal and then woke up and couldn’t get back to sleep, so i turned on the computer just in time to see a trade set up. the results are as follows:

3:50 entered order long, 1.2885
3:56 long, 1.2885

3:57 moved S/L to +4, had been to 1.2995

4:00 hit TP, at 1.29975, +12.5

now here is where i am a little different than some of you, even if i can not sleep now, i am fininshed trading until 8:00 am est. this was a nice start to the week and for the month we are now at +101.5.

pleasnt dreams,

goji, bernie

208

hi all,

today was typical of a monday morning without any major news announcements. it was choppy to say the least and wouldn’t you know it, the best move of the morning occurred after i quit. no, there was no signal for that move either. I AM NOT COMPLAINING AS IT WAS A PROFITABLE MORNING. the trades:

8:10 entered order long, 1.2870
8:15 cancelled long
entered order short, 1.2850
8:20 cancelled short
entered order long, 1.2870
8:24 long, 1.2870
8:28 exit. 1.2874, had been to 1.2878, +4, +16.5

9:20 entered order short, 1.2880
9:24 short, 1.2880
9:29 exit, 1.2880, BE, had been to 1.2876

9:40 entered order long, 1.2900
9:40 long, 1.2900
9:42 exit, 1.2903, had been to 1.2907 +3, +19.5

10:00 entered order short, 1.2890
10:02 short, 1.2890
10:04 exit, 1.2895, had been to 1.2887, -5, +14.5

10:05 entered order long, 1.2900
10:10 long, 1.2900
10.11 almost stopped out, hit 1.2891
10:23 exit, 1.29125, +12.5, +27

december total, +116

i will retrun at 3:00 pm est

209

Good morning, goji (do you prefer that or Bernie?).

9:40 entered order long, 1.2900
9:40 long, 1.2900
9:42 exit, 1.2903, had been to 1.2907 +3, +19.5

I took this trade too, but made it to TP. I’m pretty sure I was on top of moving the SL up as price hit the “milestones”, so I’m not sure why I got to TP and you didn’t (not complaining, though!).

10:00 entered order short, 1.2890
10:02 short, 1.2890
10:04 exit, 1.2895, had been to 1.2885, -5, +14.5

Opposite situation here. I got hit at SL. Looking at the chart now, mine shows the low price being 1.28874, or only +2.6, so I never moved the SL. Also, if price got to 1.2885, shouldn’t you have moved to BE at that point?

210

hi orpips, et al,

on the 10:00 am trade, i had a transcription problem, i have in my notes “had been to 1.2887,” but typed in 1.2885, it’s monday, i guess. i have corrected it.

on the earlier trade, i can only assume that my moving to the one minute candle got me out. my 9:42-9:43 candle had a range of 1.2900-8 to 1.2907-5, and it is red. as such i exited at 1.2903. i’m glad it worked out for you.

bernie is fine, i sell the goji/gochi juice. i have several personal testimonies on how it has helped me and members of my family, but that’s another story.

later,

g,b

211

hi all,

well, that was not fun! ok we still have a winning day. i wonder if this trade’s negativity was do to the 3:20 pm fake out that often hits the stock market, or the uncertainty of the bailout of the auto industry. remember, i am only working this time slot because of the volatility of the last hour of the us stock markets and its relationship to the e/u. today, did not work!

3:15 entered order short, 1.2935
3:20 cancelled
3:20 long, 1.2945
3:24 exit, hit S/L, 1.2935, -10, +17, +99

later,
g, b.

212

Another negative day for me.

8.15, moved up SL as price rose to +9 and got stopped out at +5. Price hit TP seconds later. I think my hotkey for adjusting SL is actually too efficient; doing it the normal way, I would have been too slow and would have hit TP.

9.09, SL

9.15, moved to BE at +4, stopped out, went on to hit TP.

If I stick with this method, I believe I will have to stop moving the SL. I have had 24 trades since 12-01. On ten of those I was stopped out after moving SL. Had I left SL untouched, I would have had two additional -10 SLs, but 8 additional TPs for a difference of almost 70 pips (+41 pips total versus the -26 I have now).

213

hi orpips, et al,

i would see nothing wrong with modifying any of my rules to suit your style. i have developed this and it is wroking for me and ultimtely that should be our goals, i.e. find something that works or each of us. here’s a case in point. i have looked at the one minute chart, in fact it is why i am late today with my write up, and i can not figure out how you did not hit a TP, on your 8:05 trade. also, you said you moved the S/L up, indicating to me that you were long? my order was entered at 8:05 short at 1.2845, it did not get filled until 8:14, and i was out with TP at 8:16.

+12.5 on this trade.

today’s additional trades:

9:00 news, canadian rate cut decision, e/u spread went to 1.8

9:05 entered order short, 1.2815
9:10 short, 1.2815
9:14 exit, hit S/L, 1.2825, -10, +2.5

9:15 long, 1.2930
9:16 exit, 1.2932, had been to 1.2936, +2, +4.5

the following trade was taken off of the 15 minute chart. this is the first time i have done such. this was done because it looked like the e/u was going higher.

9:45 entered order long, 1.2855
10:05 long, 1.2855
10:06 exit, 1.2858, had been to 1.2862, +3, +7.5

dec. +106.5

i did not quit until almost 11:00 am, but there were no more set ups available.
i will be back at 3:00 pm. this after all is turn around tuesday and the dow is down as i speak, so we shall see.

later,

goji, bernie

214

My trade was short; I just say “moved SL up” meaning “in a more favorable direction”. Order filled at 8:14, price moved to 1.2836 (+9 profit), so I moved SL to 1.2840 and was stopped out at 8:15. On the 30 second chart you can see that the price moved up (hitting my stop) before moving down to TP.

The 9:15 trade is another case where my Profit(PIPS) display never showed greater than +4, so I was stopped out at BE rather than at +2 as you were.

215

hi orpips,

are you using oanda also?

g,b

216

hi all,

2:50 entered order long, 1.2920
2:58 long, 1.2920
3:03 exit, 1.2980, just missed TP, had been to 1.2932 +8

day total, 15.5

dec. total, 114.5

goji, bernie

217

Yes, I am using Oanda.

218

hi all,

today is a good example of a problem with this system. i do not consider it a major problem tough, because the bottom line for today was still positive. i have mentioned this before and today i did use the 15 min. chart to take a small profit. I MUST SAY THIS NOW, i do not mind these small profits. when i add up my +4, +5 & +5 today, it still adds up to +14. THAT MAKES ME, NOT A LOSER!

today’s trades:

8:00 short 1.2935
8:01 exit, 1.2931, had been to 1.2928, +4

8:25 entered order long, 1.2940
8:27 long, 1.2940
8:30 moved stop to 1.2935
8:31 moved stop to BE
8:32 exit, BE

the following was placed after examining the 15 minute chart

8:35 entered order long, 1.2945
8:38 long, 1.2945
8:40 exit, 1.2950 +5 +9

now the long break due to continued upward movement

10:45 short, 1.2995
10:47 exit, 1.2990, had been to 1.2985, +5, +14

december total, +128.5

i will not be tradeing today, 3:00 - 4:00 pm est.

later,

goji, bernie

219

hi all,

well, the morning started off slowly enough, but the day ended wonderfully. for this system this was an excellent day. i would hope that some of you that were having some difficulties got in on some of the trades today. which were:

8:15 short, 1.3210
8:18 exit, 1.3208, had been to 1.3204 +2

8:40 long, 1.3250
8:44 exit, 1.3252, had been to 1.3258, +2, +4

9:45 long, 1.3260
9:49 exit, 1.32725, hit TP, +12.5, +16.5

10:41 short, 1.3250
10;44 exit, 1.32375, hit TP, +12.5, +29

3:21 long, 1.3325
3:25 exit, 1.33375, hit TP, +41.5

december total, +170

see you tomorrow morn,

goji, bernie

220

Hey Bernie, I had a profitable day (for once) at +15 pips, but I was wondering if you had the same experience with the 8:40 trade as I did.

My limit order was a buy at 1.32500. On Oanda, price spiked way up and triggered the buy and then shot back down. Basically my order was triggered either as the price shot up to 1.3259 (which would have been a +8 profit with the spread factored in) or on the way back down from that spike; in any case, I never moved the SL because profit pretty much never budged from the point my order was triggered, and as a result I was stopped out at -10.

edit: lol, just saw your post. Somehow I’m not surprised that you did not have the same experience :slight_smile: And I also see you made a profit on the 8:16 trade, on which, again, mine never showed higher than +4 profit, so I was stopped at BE.

To be honest, at this point I am thinking that no one can duplicate your success with your system. Sometimes I move faster than you do with moving the SL, and as a result I get stopped out with a small gain while you shoot to TP; sometimes you move faster and grab more pips or avoid an SL; and sometimes your display seems to show things mine simply never does. Frustrating! Anyway, congrats again.