Posts Tagged trading system

Monster Rally on the GBPUSD

Monster Rally on the GBPUSD

The GBPUSD really powered ahead today..  I was trading my 4-to-7 breakout strategy and got my 30 pips. It seems pathetic when the market powered on another 170 pips or so.. still, a profit is a profit! The range was 14632 and 14597. I didn't trade the 9-to-9 however. If the range is over 120 pips or so, the movement has already been too large for the day. Also, I can't scale my trade to be small enough so that the hefty pip stop loss is a mere 5% of my trading account. The top

June 14, 2010 No Comments Full Story

11th June GBPUSD – 4 to 7 trading system

11th June GBPUSD - 4 to 7 trading system

Today, the range bars was rather narrow... just 30 pip range which is tiny... The upper range line was 14737 and the lower bar was 14707 The market did break towards the upside triggering the long.. however, the target was 14767 but the highest it reached was 14759 before it collapse. This meant a 30 pip loss. However, the short which followed was good netting 30 pips resulting in a stratch trade day. I have decided that I need to be disciplined and this involves trading the system tire

June 11, 2010 No Comments Full Story

The 9 to 9 trading system

The 9 to 9 trading system

So this is the official name for my new system that I am running on the blog. I call it 9 to 9 as it draws the high and low of the chart movement between 9am and 9pm GMT time. The breakout system then goes long if it breaks the upper bar and short for the lower bar. I traded it yesterday for a healthy profit. This system has a higher pip stop than my usual system so each trade is half the usual size which amounts to around 5% of my trading pot, money management is important! So today, the

June 10, 2010 No Comments Full Story

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