The goji system, for lack of a better name

Trading Systems
421

hi all,

i am quitting for the morning and will be back at 2:00 pm est. and trade the FOMC report at 2:15 pm into the stock market close. what a morning, if you like spikes and roller coasters! i’ll get right to the trades:

8:00 eos, 1.3275
8:00 short, 1.3275
8:01 exit, 1.3270, had been to 1.3266-7 +5

YOU SHOULD NOTE THAT FOR THE LAST THREE DAYS OF THE MONTH I WILL DIVERT FROM MY NORMAL RULES SOMEWHAT. THE ENTIRE FOCUS WILL BE TO GET OUT OF EACH TRADE ASAP. WE ARE PRESENTLY +260 PIPS AND I PREFER NOT TO GIVE ANY OF THAT BACK. AS I SAID YESTERDAY, WE ARE IN PREVENT DEFENSE.

8:25 eol, 1.3295
8:28 long, 1.3295
8:29 exit, 1.3295, had been to 1.3298, BE +5

8:40 eos, 1.3270
8:41 short, 1.3270
8:42 exit, 1.3265, had been to 1.3262-7 +5, +10

8:55 eol, 1.3290
8:57 long, 1.3290
8:57 exit, 1.3282, took the exit because i did not want to give everything
back, -8, +2

THE FOLLOWING SEQUENCE IS A LITTLE DIFFERENT BECAUSE I MOVED ENTRANCE ORDERS AND EVEN A GOJI CANDLE FORMED. I WILL TALK YOU THROUGH AS BEST I CAN:

9:15 eos, 1.3260
9:20 canceled order short at 1.3260
9:20 eos, 1.3265

THIS ACTION WAS BASED ON THE LARGE SPIKES THAT WERE TAKING PLACE.

9:30 the 9:15 candle becomes a goji candle
9:30 eol, 1.3300 and kept the short, 1.3265 open
9:35 with price crossing the 10 ema, i canceled the goji candle short at
1.3265, leaving only the long, 1.3300 in play
9:40 canceled long order
9:40 eos, 1.3275
9:43 short, 1.3275
9:45 moved S/L to 1.3272
9:45 exit, 1.3272 +3, +5

I FEEL LIKE I DID A LOT OF WORK THIS MORNING. MY REWARD WAS A +5 PIPS. NOT A -5 PIPS BUT A +5 PIPS AND THAT MAKES ME A WINNER FOR THE MORNING, REGARDLESS OF WHAT I HAD TO DO TO GET THERE!

january total, +265.01

see you at 2:00 pm

goji, bernie

422

Hello Bernie, everyone.

I decided to take yesterday off after three days of losses in a row.

I traded this morning 8:15 to 11:15 est.

These are the trades:

  1. 8:25 eol, 1.3295 - long - exit at BE;

  2. 8:40 eos, 1.3270 - short - exit at BE;

  3. 8:55 eol, 1.3290 - long - exit at SL; -11.2 for the morning;

  4. 9:40 eos, 1.3275 - short - exit at +2; -9.2 for the morning;

  5. 11:15 eol, 1.3260 - long - exit at SL; -11.2; -20.4 for the morning.

Total -36.7 since I’m back trading the goji system. Since Monday, in other words.

Good luck to everyone.

423

Hi Guys

Well I got home from work late so missed the action tied to find one as late as 11.30 but not many crossing and when they did very little movement so no orders.

Looking at chasing I think I am glad it looked like it was tough this morning.

Will not be trading tommorrow too off to the races corporate day luv them freebies!!

cya all friday

424

hi all,

chasing, i am very sorry to read about your morning. i went back and looked at all of your trades and it seems that everything has to do with my getting conservative into the end of the month. unfortunately, the regular rules do not come into play here. it is just what i do. i tend to move that S/L quickly and am satisfied with just a couple of positive pips.

the afternoon’s trades:

2:05 eol, 1.3250
2:05 long, 1.3250
2:07 moved to BE
2:08 & 2:09, i was totally surprised that i did not get taken out. priced moved, as near as i could tell, to 1.3250-1 during both one minute intervals. my stop was actually at 1.3249-9.
2:10 moved S/L to 1.3255
2:10 exit, 1.3255 +5

IF THE STOP AT 2:10 HAD NOT BEE HIT, THE LATEST I WOULD HAVE STAYED IN THE POSITION WOULD HAVE BEEN UNTIL 2:12. I DID NOT KNOW IF THE NEWS AT 2:15 pm WAS GOING TO MOVE THE MARKET, BUT I DID NOT WANT TO GAMBLE. THAT SAID, I WISH I WOULD HAVE MOVED THE S/L TO 50, OR 100, BUT I DID NOT AND I WILL BE SATISFIED WITH A TP TRADE.

2:15 news, no interest rate change, which was expected
2:16 e/u spreads returned to normal
2:20 entered order short, 1.3220
2:20 short
2:20 exit, 1:3207-1, TP, +12.9 +17.9

I HAVE NEVER HAD A TRADE GET FILLED AND EXITED AS QUICKLY AS THIS TRADE. IT SEEMED THAT AS SOON AS IT WAS ENTERED IT WAS EXITED. MY INITIAL REACTION WAS THAT SOMETHING HAD GONE WRONG, UNTIL I CHECKED ON THE P/L.

I SINCERELY HOPE THAT IF ANY OF YOU TRADED THIS AFTERNOON THAT YOUR TRADES EITHER EQUALED OR BETTERED MINE!

january total, +283

until the morning,

goji, bernie

425

Hello everyone,

This afternoon:

Started at 2:00est;

2:20 eos at 1.3220 - short - exit at TP +12.9.

Quit at 3:10 - the spread still was, decided to quit.

Total for the day -7.5;
Total since back - 23.8.

Good luck to everyone.

426

“The spread still was” is supposed to mean “The spread still was 2.2”:slight_smile:

Thank you, Bernie, your support really helps. I believe, it simply was not a normal morning for the system.

And, as for the long order at 2:00pm, the news was coming, so I decided not to go for it.

427

I am running with a Demo account on InterbankFX. Did anyone else notice the spread get to like 7 pips??? It was ridiculous didnt even want to try and trade it

428

what sort of orders are you using? stop or stop limit?

429

hi all,

db, there are times, normally around news, that oanda’s spread on the e/u goes to 10. usually, these times are short lived, minute or two, or three. i suggest that you never trade during these times. if dealing with a 10 pip S/L you could get exited on the expansion of the spread.

upph, entries are limit buys and sells, and exits are default S/Ls or TPs, unless we move the S/L line into the price, which happens often.

chasing, usually, you will find that there is little volatility the morning of FOMC rate decisions. if that had been the case this morning, i would not have traded. as such, the volatility did make in unusual, at least in my mind!

goji, bernie

430

hi all,

i sincerely hope that those of you who are following the goji system had a better morning today. as such, i am quitting for the morning. the trades:

7:50 eos, 1.3130
7:50 short, 1.3130
7:51 exit, 1.3125, had been to 1.3220-2, +5

8:30 NEWS

8:32 spreads returned to normal

8:35 eos, 1.3110
8:40 canceled short
8:40 eol, 1.3125
8:40 long, 1.3125
8:41 moved S/L to 1.3129
8:42 exit, 1.3137-9, hit TP, +12.9, +17.9

9:15 eos, 1.3240
9:18 short, 1.3140
9:19 moved S/L to 1.3146
9:25 moved S/L to 1.3136
9:26 moved S/L to 1.3135
9:26 exit, 1.3135, +5, +22.9

january total, +305.9

i will be back at 3:00 pm.

goji, bernie

431

Hello Bernie, everyone.

This is my morning.

Started at 8:00.

Ignored “right before the news signals”.

8:35-8:45 trade. My data for some reason does not correspond with yours, Bernie. Do not get me wrong, I do not doubt you, just feel like the question is worth sorting out. Here are more details. (My data).

*8:30-8:35 candle crosses the 10 EMA down.
eos at 1.3110 at 8:35.
*8:35-8:40 candle DOES NOT cross; just the wick crosses, and it’s highest is 1.31272! No way to place a long at 1.3125! So, NO CHANGES.
*8:40-8:45 candle crosses up. The highest is 1.31425. Cancel short order,
eol at 1.3145-long-exit at BE.

My second trade was absolutely identical to your third. +5.

+5 for the morning, -18.8 since i’m back to trade this system.

All the best to everyone.

432

hi all,

i am a little early this afternoon and i am glad i was. chasing, i just spent the last ten minutes trying to figure out what happened this morning. i think i have it figured out but only to a point. first, your charts are the same as mine. here’s is what has me totally puzzled. my “buy market filled” happened at 8:38 am, but at 1.3125-8. here the eight is puzzling because on a trade like this, the order i would place would call for, 24-9, 25, or 25-1. now to make matters even more difficult to understand, my “take profit” occurred at 8:41 for 1.3140-7. that equals a profit of 14.9. i rechecked my default orders and they are the same, TP 12.9. i haven’t a clue how that happened. now, i think what i did to get to this point, in retrospect, was that i was working off of the one minute chart, for some reason. the 8:37 am candle is clearly an action candle for our system if you substitute the one minute chart. i am going to have to check my computer time to see if it is the same as oanda time. as i have been writing this, i have gone back and examined this, yet a number of additional times. i hope you had a positive trade by following the the proper rules and chart encompassing this time. PLEASE NEVER FEEL HESITANT TO ASK QUESTIONS, and that comment is for everybody. it is only through questions that true learning can take place. as a teacher, i learned an awful lot from my students. i am on my desk top right now, but i will check the time on my lap top. time to get ready for the afternoon.

goji, bernie

433

ur doing a great job in here glover, you’re an inspiration to a lot of us.

Most ppl seem to think u need a secret signal or insiders system to be profitable but you’re helping dispel that myth just with a single ema, sensible money management and above all discipline and persistence.

Great job I hope more ppl read this thread.

:slight_smile:

434

Hello Bernie, everyone,

One trade for my afternoon.

3:30 eos at 1.2955 - short 3:45 - exit at SL. -11.2.

It makes -6.2 for the day and -25 since I returned to trade this system.

Tired of losses, to be honest.

Best of luck to everyone.

435

hi all,

some times you can’t win for losing. this afternoon was indeed extremely frustrating. first of all, i started working earlier than i normally do. in bringing up baby pips, i saw chasing had a very legitimate question. it took a considerable amount of time to try to determine what happened. NOW I AM NOT COMPLAINING! nobody told me i had to delve right in to try and determine what had happened. i figured i had a little extra time so i began investigating. anyway, when all was said and done and i brought oanda on line, i just missed a trade. i will never chase a trade since trades come up often, most of the time, and we are only hoping to garner 12.9 pips, max.

NOW HERE’S THE UNUSUAL PART OF THIS STORY. HAD I TAKEN THAT TRADE, IT DID NOT DEVELOP INTO A TP TRADE BUT TRADING CAUTIOUSLY, AS I HAVE BEEN THIS LAST WEEK OF THE MONTH, I BELIEVE I WOULD HAVE GENERATED APPROXIMATELY FIVE PIPS. THOSE FIVE PIPS ADDED TO THE JANUARY TOTAL WOULD HAVE PUT ME RIGHT AROUND +310. WHAT THIS WOULD HAVE PROVIDED ME WITH WOULD HAVE BEEN THE OPPORTUNITY TO TAKE ONE S/L TRADE TOMORROW MORNING, QUIT, AT THAT POINT, AND STILL BE OVER +300 PIPS FOR THE MONTH. WELL, THAT’S TRADING, IF YOU GET INVOLVED IN THIS BUSINESS, THINGS LIKE THIS ARE GOING TO HAPPEN.

as it was, i then waited around the rest of the hour. i did get into one trade but it was a loser and i am now back under the 300 level. NOTE: chasing, my order was filled on this trade at 3:48, is that what you had? in your notes you have 3:45, i think!

anyway, the afternoon’s trade:

3:25 eol, 1.2970
3:35 canceled long
3:35 entered order short, 1.2955
3:48 short, 1.2955
4:00 exit, 1.2965 -10

january total, +295.9

see you in the morning,

goji, bernie

ps hess, thank you for the positive comments.

436

Hello Bernie,

3:45 - I meant within 5min candle that started at 3:45.

As for the morning trade that I asked about, you say you placed the order off 1min chart? Cause 5min chart did not give any signal whatsoever for that order. It does not look like you to me.

437

Is there any other people trading this system on a real account?
Are you ppl profitable?
Am I the only one losing $?

Here are some points to add to the system rules according to the recent trading:

  • move SL to BE at +4; but if you feel “conservative”, take whatever you can +1/2/3/4 ASAP:);
  • trade off 5min chart unless placing an order off 1min chart is profitable:);
  • do not trade before the news unless it’s profitable:);
  • do not trade 5-10min after the news, even though the spread gets back to normal, unless it’s profitable:)

Sorry, but it does not look like trading, it rather look like a “retrospective profitable report” with some discrepancies.

438

hi chasing, et al.

you have it exactly correct. i am simply reporting what i am doing with my trading on a day to day basis. from that stand point it is retrospective. i have never denied that. i can not predict ahead of time when price is going to cross and close above or below the 10 ema. if what i am doing can help others make money then so be it and great. i have a basic premiss which gets me into trades. it is based on a continuation of momentum that may, or may not be inherent at any given time with the e/u. very often the momentum is there and those times offer trades that provide profits, some do not. i admit that my exit strategy is not precise and i am human, i am fallable, i make mistakes. today, i traded off of the one minute chart totally by accident, and yes, until you brought it to my attention, i didn’t even know that i had done it. i really do feel badly that you are having a difficult time right now. no system is going to be the right system for everybody, and yes, if it was easy, everybody would do it.

NOW, here is one final point. after writing up my report this past tuesday, i called my best friend, who just happens to receive all of these missives. i told him that i had deliberately written up a losing trade that i had not taken. that would be the first trade of the day during the 3:00 pm session. i was late getting home and didn’t get on line until about 3:10. i recorded the trade simply becasue some of you may have. in this case, i lucked out by getting home late. had i said that at the time, i am sure some of you, who had lost on that trade, would have found that hard to believe.

see you in the morning,

goji, bernie

ps: one final thought; "the simplification of anything is always sensational."
that is a quote of g.k. chesterton. i include it here because it reprsents
my feelings about this system, until it proves otherwise!

439

hi all,

starting next week, next month, i am going to add something new and continue the goji candle. thus far, this week, the goji candle has produced only two additional trades, but they were both +5s for an extra 10 pips. as this point, i see no reason to stop using it.

the something new is that i am also going to trade starting at 7:00 pm est. i will experiment with this time slot for the month of february. if successful, i will continue. one additional addition is that i am going to incorporate the a/u, ONLY AT THIS TIME SLOT. i am trading this time slot as it represents the opening of the asia, aussie, and kiwi, markets. i will trade for one hour, or longer, if needed.

tonight’s trade, I DID THIS TRADE, HOWEVER, I AM NOT INCLUDING IT IN THIS MONTH’S LOG.

7:15 entered order short, .6490
7:15 short, .6490
7:16 moved S/L to BE
7:19 exit, hit TP, at .6477-1 +12.9

tonight’s work session lasted 19 minutes. i only took the one trade and as you can see, it was profitable.

goji, bernie

440

hi all,

in going into this mornng’s session, i had one goal in mind. if i could generate five pips of profit, i would finish at +300, or greater, for the month. as such, i am finished trading for the day, week, and month. oh, and by the way, i hit my goal! have a great weekend everbody, mine will be determined by simply one major event. here we go steelers, here we go! the morning’s trade:

8:20 eol, 1.2840
8:24 canceled order, GDP news was coming out at 8:30 am and price
started moving against the entry

8:40 eol, 1.2840
8:40 long, 1.2840
8:41 exit, 1.2845 +5

october total, +594.76
november total, +377.3
december total, +328.5
JANUARY total, +300.9

FOUR MONTH TOTAL, +1601.46

see you monday morning,

goji, bernie