syk1kz trading journal

I am having trouble using this on the daily time frame, i simply do not seem to have the patience to ONLY trade it, so i am going to drop back to the 4hourly chart and use it along with the daily. I am also considering adding another indicator which will not affect anything but it will alert us to candlestick patterns. Any comments regarding this?

 

http://img593.imageshack.us/img593/1927/19645031.png

 

http://img146.imageshack.us/img146/5426/29931649.png

Edited January 5, 2011 by syk1kz

i am currently trailing out multiple setups using this system, i can see more than one way to use it and i want to know if what i am seeing is solid or not, this will not require any changes or additions as such but while simply be another type of entry that can be used.

 

The main entry i have been using is stochastics divergence with some sort of candlestick reversal or pinbar etc, this has been working well.

The second entry i am considering using is looking for the normal stochastic to be in OB/OS like usual, but simply entering when we stall at some S&R like the chart below. we will see what happens.

 

http://img407.imageshack.us/img407/5082/95203486.png

 

http://img827.imageshack.us/img827/9295/88632876.png

Edited January 6, 2011 by syk1kz

should the above play out i am going to write up a set of clear strict rules for each entry. And leave it at that i think.

 

*EDIT*

 

if we compare these entries to the to the power band technique i notice USDJPY would be a valid A setup but CADJPY is nowhere near an A setup, funny how things work out some times

 

http://img42.imageshack.us/img42/4101/cadjpy.gif

 

http://img253.imageshack.us/img253/3516/usdjpym.gif

Edited January 6, 2011 by syk1kz

i bailed on both the above trades for a minimal loss, 20pips or so. Just wasent confident in the setups. HAD i of kept them they would both be in profit atm but whatever, i found something much better and with a much clearer signal, BUY SOME MUTHA FUCKIN CHF BABY!

 

http://img843.imageshack.us/img843/5249/nzdchf.gif

 

http://img692.imageshack.us/img692/5107/eurchf.gif

 

http://img228.imageshack.us/img228/7956/gbpchf.gif

 

http://img718.imageshack.us/img718/3764/audchf.gif

 

*EDIT*

 

cant wait for that new live account to open tomorrow i spoke to gomarkets today and everything is setup ready to go as of 10am friday morning, i just need to fund it and they will call me to confirm

Edited January 6, 2011 by syk1kz

Here's my counter trend chart of the week, notice i said chart and not pick...

 

Notice how accurate this S&R indicator is, its pretty nuts

 

http://img19.imageshack.us/img19/6863/19431561.png

new live account is open and online, i have transferred money from one live to another. The stats link in post #1 is now reflecting real money trades from next Monday or Tuesday, whenever these slack bastards transfer my funds i will then start.

 

www.mt4i.com/users/pipstealer

 

*EDIT*

 

i moved the current demo to myfxbook as i want to continue testing other entries.

 

http://www.myfxbook.com/members/syk1kz

Edited January 7, 2011 by syk1kz

system updated to 1.6, link in first post with list of changes. IF you are good with patterns then no need to download the update. Also if you are using the 1.6 template you will notice a flickering on the left side of the screen, this is a conflict between the quik trailing EA and the pattern indi both trying to display info in the same location, simply disabling expert advisor's will fix the problem, i only enable it after entering a position so it will set TP/SL or if i want to manually drag the tp/sl lines to somewhere else, then disable it again Edited January 7, 2011 by syk1kz

Also if you are using the 1.6 template you will notice a flickering on the left side of the screen, this is a conflict between the quik trailing EA and the pattern indi both trying to display info in the same location, simply disabling expert advisor's will fix the problem, i only enable it after entering a position so it will set TP/SL or if i want to manually drag the tp/sl lines to somewhere else, then disable it again

Hey syk1kz,

 

If you want a solution to the problem. Open one of the indicator/EA up in MetaEditor. Press ctrl + f and search for "Comment(" without the quotations. If the word "Comment" is purple then delete the the whole phrase (i.e. delete up until the " ; "), usually this is the whole line. Do this for all the comments. Then press compile.

sweet, thanks man i might have a play around with it if i get time, if you have already edited the EA post it up, i don't want to edit the indi since those abbreviated candle stick pattern names can be hard to remember sometimes. The EA doesn't display anything i find use full so that will be the one i would personally edit. I have come up with 2 possibly 3 entries i will be using with this system. It's no secret this system will not let you jump into a trend at higher time frames, but show me one that does...

This system is great for bottom/tops and getting into the initial trend beginnings, IF you manage to capture the right move then you could easily ride a signal out for 500pips IMO.

I pulled 9% using this system alone this week. the fxbook stats linked above show that. I will post the 2 or 3 entries i will be using, i will also be returning to data trading using the live account since we are now past the first trading week of the year, and we also have Japan returning next week meaning full market force from then on. I will do some weekend postings later when i can be bothered, for now its time to be a dad :) cya all

I think I've done it. Not tried it though. I've changed the start up comments to appear in the "experts" tab and I've deleted the other comments.

 

http://www.4shared.com/file/uTNIbQuz/Quik_Trailing_No_Comments.html

nice one i will check it out soon, gotta go shopping first.

 

Thanks mate appreciate it

chrisbenjy Will have to check it when markets open, im assuming the EA looks for a tick before trying to display data because even the standard EA isn't causing the issue atm.

Regarding my 2nd gomarkets account which is the one i have opened to dedicate to my strategy and the power band technique i have opened a nano account which means $1 per full lot and 1cent per 0.01, whenever these fools transfer my funds over from the other live account it should be around the $100 mark, give or take.

 

I am looking for consistency, once i can consistently gain pips i will simply continue doing the same thing and substantially increase my balance which will increase my loss/profit. If i cannot be consistent on a small account using this system them i have no chance on a high end account, but i am confident that i am picky enough to return acceptable profits compared to the risk. Time will tell with this - There is no resetting this account and it is public and transparent for all to see, just remember i am aiming for pips to prove consistency within the system itself. I will also be using the news trading EA on this account since it has performed so well. Data trades will be a few a month at maximum.

 

I have come up with 3 types on entries using this system and i intend to use all 3. I will not be adding anything else to the system as i think it will become overloaded. There is a nice harmony at the moment i think between the S&R and the pattern indicator, speaking of which i recommend DISABLING the dark cloud cover and the piercing line for the 4hourly as they clog up the screen somewhat, the daily is fine though since they hold weight.

 

I will go into detail for each setup as i see them develop in real time rather than posting back charts, remember i have real money on the line here so you can be 110% certain that whatever i post here are indeed non cherry picked real trades that i am trading, i will mention it again just to make sure - the stats in post #1 are now reflecting the new live account so you can view progress or lack of whenever you want. Obviously if i can turn a consistent profit there is no reason other people cannot.

 

Before i bail to get my pizza and beer i will be concentrating on the daily time frame from now on with the 4hourly as back up, this will mean less trades or possibly no trades to begin with, patience is required here. Monday does not mean enter trades because the market is open it means look at the charts get a feel for what it going on, look for a potential setup, wait for the potential setup to appear and then enter that trade with confidence in my analysis. if i cannot do this then i will not be entering. I think i have made this pretty obvious throughout this thread and Benny3's.

 

Stay tuned for updates in the near future

weather here has knocked out my internet and phonlines so i will not be trading this week i would expect. Also i notice those lazy pricks still havent transferred my funds so it would seem i wouldnt be trading anyway. be back online whenever my services are back online.

ur not updating anymore?

Thanks for sharing your system syk1kz. I will try it.