My GJ-MTF Trades
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Thread: My GJ-MTF Trades

  1. #1
    Tuqwr90
    Guest
    I decided to start a journal to record my own trades. I find it tough to maintain a regualr journal so hopefully this can help. This really is a egy which I wish to test before going live with it.
    What I want
    Daily Chart
    4HR Chart
    1HR Chart~ no positive about this one as of yet...

    Slope Management Line (Stage =7, Strategy =3, Price=0)
    I have other indiors only as visuals and are not needed.



    Im not using ceases. Position will vary upon another sign.

    Ranking sizing~
    Daily Entrance =.1 lots
    4HR Entrance =.5 lots
    1HR Entrance = Not certain now


    Entrance's ~
    For shorts when the SDL changes from blue to red this is the first heads up for a short. After it changes color you must await that candle to shut to confirm the true shift. Subsequently the entrance is on the start of another candle. Its really a lot easier then it seems.

    Exits~ Same rules but reverse.


    The objective of this System/Plan would be to attempt to get into the beggining of a Daily tendency while earning gains on the 4HR too. I plan on attempting to incorperating the 1HR as well, I just cant find anything that is consistent yet.

    1HR- im thinking my goal behind its 1HR is between 10-20 pips. These are my pips and not my accounts. So at the conclusion of the trade/week/month I'd withdraw these as they would behave as a paycheck and it'd still allow me to construct my account....


  2. #2
    Tuqwr90
    Guest
    Continuation of Friday's trade.
    Recap~
    Currently Long a Daily @ 207.43

    1HR Trades that have been taken.
    4-27 8PM(EST).5 Lots
    Long @ 207.63 (buy price)
    TP @ 207.73 (sell price)
    Result= 10 Pips

    4-28 6AM(EST).5 Lots
    Long @ 207.83
    TP @ 207.93
    Result= 10 Pips

    4-28 11AM(EST).5 Lots
    Long @ 208.43
    SL @ 207.87
    Result= -56 Pips

  3. #3
    Tuqwr90
    Guest
    Thus far I am thinking of abandoning the 1HR program. Additional study will be necessary. Its seems like it works but 1 poor transaction can and will wipe away multiple good transactions, as seen in above article.

    To split even I will have to get 3 more consecutive winning trades. To me this doesn't seem logical at all.

    ~As of today 1HR entries are scratched.

  4. #4
    Tuqwr90
    Guest
    Recap of Friday's (4/25) Exchange
    Daily = -252 Pips
    Entry @ 207.45
    Exit @ 204.93
    Outcomes = -252 pips

    4HR= 0 pips
    No Transactions presented themselves

    1HR= -36 Pips
    4-27 8PM(EST).5 Lots
    Long @ 207.63
    TP @ 207.73
    Impact = 10 Pips

    4-28 6AM(EST).5 Lots
    Long @ 207.83
    TP @ 207.93
    Impact = 10 Pips

    4-28 11AM(EST).5 Lots
    Long @ 208.43
    SL @ 207.87
    Impact = -56 Pips

    Total= -288 Pips

    If I was in the business for Shedding this Could be great, but I Am not and this just plain sucks...

    No worries though. is key...

  5. #5
    Tuqwr90
    Guest
    Well no lying here that commerce was ugly and difficult to stomach. This is the first time trading without stops. So its going to take some getting used to.

    I'm going to keep following how the daily and 4HR and 1HR all interact with each other. However, in this time I feel quite confident with the 4HR entries.

    For today 4HR is my principal entry.

    I'm still undecided about the 1HR entrances. I want better rules for this.

    Money Management principles will go like this:
    .1 Lot for every $1,000 in your account balance.


    TP and Exit is a next valid entry signal.

    I strongly think that while you might incur losses, the winners are going to far outweigh the losses. Time shall tell.

  6. #6
    Tuqwr90
    Guest
    In some rare circumstances that the Slope Direction Line will re-paint as I found out last night and to today. However, I still believe its a good indior and I am not changing this up.

    Last nighttime commerce.
    Long Signal at 10PM(EST)
    Long @ 204.96
    Exit @ 204.07
    Result= -89

    Short Signal at 2AM(EST)
    Short @ 204.07
    Exit @ 205.00
    Result= -93

    ~Current Signal~
    Long Signal at 6AM(EST)
    Long @ 205.01
    Exit @ 206.01
    Result= 100

  7. #7
    Tuqwr90
    Guest
    Ok I am back and ready to get back into the thick of things. These will be live trades from here on out. Going to try and keep up to date buts its challenging with a day job and all.

    My new MM rules!!!
    Take 1/3rd of the place off at 50
    Transfer SL of remaining 2/3rd into 10
    Take 1/3rd of the place off at 100
    Transfer SL of remaining 1/3rd into 50
    Permit 1/3rd ride into another sign or untill SL is triggered.


    For pairs additional subsequently GJ~
    Divide the value of ATR 30 in half. Use that to your 1st 1/3rd place.
    For 2nd 1/3rd use the entire value of the ATR 30 as your TP level.
    Example. Eur/Usd Value of ATR 30 is .5650
    1st TP for 1/3rd iposition is 28
    2nd TP to get 1/3rd place is 56

  8. #8
    Tuqwr90
    Guest
    Extended GJ at 206.79

  9. #9
    Tuqwr90
    Guest
    The results of that trade.

    Daily= -210 pips (Opened @ 205.32/ Closed @ 205.42)
    4HR= 66 pips (Opened @ 205.69/ Closed @ 205.03)

    MM Rules say ~
    Daily =.1 lots. We lost a total of (-$219) on this commerce
    4HR =.5 lots. So for this trade we left a total of ( $330)

    Total for commerce was ( $111) even though ultimately it was a reduction.
    Looking to ride the Daily Trend.


    Currently Long at 207.33 per Fridays close

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