hey bernie
just letting you know that i’ll be starting your system on paper this morning. Ive done a lot of research this weekend and decided to give it try at start of the week. Il most likely start trading shortly after posting this message up until 10 am CT (11 ET). After posting up your results, I’ll let you know how close mine came up to yours. Thanks again, and happy trading!
hi all,
heck of a day for pipnewb to start. it’s 9:43 and i am exhausted. what a frustrating day this has been. things will probably settle down now because i am quitting. i made up my loss from last evening, barely, and i am taking the .5 as a profit for the day. I’VE EARNED IT. there simply was little follow through along with two news events. during both, oanda’s e/u spreads went to 10, although it was very brief at 9:15. here are my trades:
8:05 long 1.2660
8:08 exit 1.2663, had been to 1.2667, my screen jumped? as i was
moving my S/L line and i got stopped out. +3, -12
8:15 did not take trade, we were nearing news at 8:30 and i couldn’t determine if close was below 10 ema anyway.
8:25 long signal not taken with news at 8:30
8:30 spreads expanded to 10
8:45 placed order, short at 1.2635
8:58 moved order to, short at 1.2640 as price had been near but did not
cross 10 ema to the long side, thus, if it’s not going up, it may come
down!
9:03 short at 1.2640
9:07 exit 1.2640, had been + 4 or greater
9:15 news, spreads to 10, briefly. there was a signal to enter long at
1.2670
9:23 long, took the 1.2670, as spreads returned to .9
9:24 exit, 1.2670, price ahd been to 1.2677
9:30 short at 1.2650
9:33 exit 1.26375, hit target +12.5, +.5
i just checked, while typing, a signal came up to go long at 1.2660. i did not take it because i was typing and quitting for the day. the trade would have hit the S/L of -10, by .5, 1.26495, and the next candle went to 1.2678. i am glad i chose to quit. as you can tell today was a very choppy day and i did’t get things started on the right foot with my u/j trade from last night anyway. by the way, had you taken the 100 pip TP and S/L, i think that trade would still be alive and slightly profitable. by now i would have moved S/L to break even. as always, the break even would have been better than the -15, that i took.
tomorrow,
goji, bernie
hi all,
8:17 a.m. and my oanda is not moving. i went to another platform that i demo new ideas on, vt-trader, and everything seems fine. anybody else having trouble with oanda?
goji, bernie
ps, you may have entered an e/u long at 1.2635 at 8:02, and closed it at 1.26475 at 8:07. due to the problems with oanda, i didn’t take this trade and i will not count it in my baby pips log. i am not sure if there may be some varations on the vt-trader platform. thus, i will not take credit for something i wasn’t able to do. i show it here only for those trading, as it should have been a positive trade.
pps, i will only write again today, if oanda gets going again.
A newbie question…
I’m testing goji at the moment,
I’m setting a buy stop at x and S/L x-25 T/P x+50
As the price climbs and reaches the S/L it sells out at a loss before reaching the x price?
Obviously I’m setting up wrong. Can anyone help?
hi robert,
i am not totally sure i know what you are asking. i ask you what platform you are using? if you are using oanda, my TP and S/L are pre-set. when trading the u/chf, i use the S/L 25, and the TP 50. when using the e/u, i change them to S/L 10, and TP 12.5. when price is moving up and closes above 10 ema, i place my order to buy at the nearest XXXX5, or XXXX0 above the high of the signal candle. some times i place this order and it does not get executed because price turns around. sometimes, it gets executed 5-10-15 minutes, or more, later. the same holds true for shorts except you are dealing with lows and going below, and lower.
once the trade is executed my TP is identified with a horizontal green line, the S/L, same in red. when price hits either your trade is closed. normally, i only move the S/L, red line, depending on prie action. in fact, i want to get that red line to BE, break even asap. I HATE TO LOSE.
hope this helps,
goji, bernie
hi all,
well, my oanda problem just hit me again. on a one minute chart at 9:19, i show a red candle going from 1.2760 down to 1.2626. in the next candle, price returned to 1.2760. that is what is now on my screen and nothing is moving. i switched to another computer and i have the same. when i bring up vt-trader i have no problem with the charts. here are th trades for the day, up until shut down:
8:02 short 1.2635
8:08 exit 1.2635, +4, BE
8:55 short 1.2625
8:58 exit 1.2623 +8, upon move up, i took the +2, +2
9:05 long 1.2650
9:08 exit 1.26625, hit TP, +12.5, +14.5, +15 for the week.
9:19 figogjogioig[gjgnfvh’ggejgerjig
i may have to get in touch with oanda technical.
november total, 238.8
have a 
great day???
goji, bernie
Hey Goji!
Great thread you’ve got here, and great system. I’m thinking about starting to demo it tommorow, see how it does. Maybe I can add my insight here and help out everyone. One question (not that I think it matters that much)… Is your 10 EMA set to open or close (or does Oanda even let you set that)? It changes the line slightly, but probably not a huge concern. Anyways, thanks, and I’ll let you know how it goes.
hello,
i use the regular oanda setting which does not give you the open/close option. i do have the normal, open, and close, on my vt-trader platform and truly there are relatively few times it would matter. i have thought about using the lower line for longs and the higher for shorts, but oanda doesn’t offer, thus i have never really done anything with it. also, i started this with u/chf, but am using the e/u more and more. i like the shorter S/L that i apply to the e/u. in looking at the u/chf lately, it seems that it is not moving daily as much as it used to. i have no statistics to support this, it’s just a feeling by observation.
i hope this works out for you, please do not hesitate to ask should you have questions. this system works for me, however, we are all different. this is the reason i have done some editorializing. also, i am a retired teacher, and as i have mentioned, i am not interested in spending numerous hours in front of my computer. i am enjoying what i am doing right now and i hope it continues. much of what i learned was from reading babypips over several years. once i found something that really worked for me, i decided to share.
good luck,
goji, bernie
Goji!
Thanks for taking the time to respond today. I figured it wouldn’t matter much, but thanks. Here’s my log so far…
Buy EurUsd @ 1.2499, stopped out at 1.2500 = +1 pip
Sell UsdChf @ 1.2126, stopped out at 1.2136 = -10 pips
So I’m -9 pips for the day (luckily, I made about 16 earlier playing Maurizio’s EMA step, so I’m still up)… but I don’t think the afternoon/evening markets were acting quite right to apply your system… well, better luck in the morning, eh? Hope to hear from you.
Happy pips,
Sweden’s son
Here’s another:
2008.11.20 01:11 GMT (8:11 EST) - Buy Eur/Usd @ 1.2520 stopped out at 1.2510 = -10
So I’m -19 for the day. Maybe evening is just not good for these pairs?
Let me know what your looking at in the morning.
Happy pips,
Son of Sweden
Edit: P.S. I blame part of this on my internet going to crap tonight, but mostly it just didn’t work on the charts. Well, anyways…
hi all, sveri, also,
i do not trade in the evening. if i was going to trade, i would trade at 2:00, 3:00 AM EST, same as nyc, when both japan and england/europe are open. i usually ony trade starting at 8:00 am EST, which i did today and am now quitting for the day. today’s trades:
newbies, try to match these up and i think it will help you:
8:05 entered short order, 1.2535
8:17 enter 1.2535
8:28 exit 1.25225, hit total profit, +12.5*
*I WOULD HAVE EXITED THIS TRADE IN ONE MINUTE JUST BEFORE THE US JOBS REPORT IF IT HAD NOT HIT TARGET.
9:10 entered long order, 1.2550
9:22 enter 1.2550
9:22 exit 1.25625, hit TP, +12.5, +25
9:43 short 1.2525
9:44 exit 1.2523, had been to 1.2516, took +2, +27
i am quitting for the day. to the newbies reading this, this is my style. i am +27, and am quitting, A WINNER.
HAVE A GREAT DAY ALL, NOVEMBER TOTAL, + 265.8
goji, bernie
B. - you have a good daily pip average going: 20.4 for the 13 days you could have traded so far this month and 24.2 if you didn’t trade NFP Fri & election day (many didn’t). Good going. d.
Thank You Dobro,
I Have Not Been Averaging Up My Trades, As Such. It’s Nice To Know That Someone Is Watching And Appreciative.
Goji, Bernie:):)
Goji,
See, here’s my problem… I’m looking at your trades, and the numbers don’t match up to mine. My charts cross under the EMA at 7:35… my 8:05 candle opens at 1.2508, far below what you’re getting. My other candles at those times also don’t match up. Now, I’m with IBFX (using metatrader), but I don’t believe that they could be that far off… maybe your signals are good for you, but I’m really catching them in the middle or at the end? Well, let me try it for a while, and see what happens.
Happy pips,
Son of Sweden
Hi Goji
I think I understand, it seems very good, simple system. Thanks for sharing. I will try and demo this week.
One question though, I notice on some trades you take 1st or 2nd candle under or over 10 ema. Is this dependent on the strength of candle?
thanks
K
hi sveri,
i think i have figured it out. we are four hours apart. i think what you are describing to me happened at 11:35 am and 12:05 am., my time. again, i am EASTERN STANDARD TIME, same as new york city time. in my time zone, europe closes at 11:00 am. try moving back four hours and see if we come closer to matching.
goji, brenie
kajan,
everything depends on the high or the low of the signal candle, the one that crosses the 10 ema. to go long, you place your trade at the XXXX5, or XXXX0, above the high of that candle. if the candle crosses below the 10 ema, you do not enter until price hits the XXXXX5 or XXXXX0 below the lowest part of the entire signal candle. LOOK, EVERYBODY, IF YOU DO THIS RIGHT YOU ALWAYS HAVE MOMENTUM ON YOUR SIDE. IT IS THAT MOMENTUM THAT WE HOPE CARRIES BEYOND OUR ENTRY POINTS. QUITE OFTEN IT DOES.
i hope this helps.
goji, bernie
thanks for the steer
hey goji…can i ask what kind of leverage your using??? and what kind of spreads do you get on the euro
hi all,
i use the max leverage oanda permits, which is less than others. spreads on e/u range from .9 to 10, at news time. i am a little puzzled by your questions because your second question is a theme found in the threads and also the reason i switched from the u/chf to the e/u.
g, b