benny3 Posted June 30, 2010 Report Share Posted June 30, 2010 (edited) Hello great members of indo just thought i'd start a trading journal practically harnessed from the Forex power band technique, i'm receiving ok results but i'm sure with some help it could be better. I'm going to try and post pics and coments reasons why i take the trades and results losers and winners ect. Anyways without further adue here are the indicators, templates . Guys and Gals please head over to this thread to thank Kenny for his great help in making this Expert for us all,and remember thank Kenny not me http://indo-investasi.com/showthread.php/7248-%28REQ-Plz%29-Simple-Take-Profit-EA-based-on-Bollinger-Bands New Template + Indicators/EA/scripts/Include file http://www.4shared.com/file/eQDbHUFI/New_indicators__template.html Here's the powerband technuiqe + Videos http://forexpowerbanddominator.com/membersaccess027.php?access=ok Prity simple but quite powerfull http://oi53.tinypic.com/2q2pem1.jpg Edited October 13, 2010 by benny3 fxshare, fallingsaints, mieya165 and 3 others 6 Quote Link to comment Share on other sites More sharing options...
benny3 Posted June 30, 2010 Author Report Share Posted June 30, 2010 (edited) A potential buy set up on the GBP/USD 4hr chart will keep an eye on it http://i47.tinypic.com/2yty8ig.jpg Opened Buy http://i50.tinypic.com/6nrvrn.jpg Trade stopped out oh well move on live and learn http://i46.tinypic.com/wvy5qa.jpg Re entered on the next pin bar http://i48.tinypic.com/2m2taoz.jpg took half position at center bollinger band then put my stop to break even http://i45.tinypic.com/dc54cy.jpg took full position here http://i48.tinypic.com/2cx9ugi.jpg By the way i'm looking for these types of setups. Buyhttp://i50.tinypic.com/28qu639.jpg Sell http://i47.tinypic.com/dyn5hc.jpg Edited July 1, 2010 by benny3 teknomage, signrc, fxshare and 4 others 7 Quote Link to comment Share on other sites More sharing options...
chankl78 Posted June 30, 2010 Report Share Posted June 30, 2010 Is it ok for u to save the image to tinypic (U just need to register a free account will do in www.tinypic.com) and then using to attached here? So that it will be easier for all of us to see. Thanks. Happy pips. Smile Chankl78 Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 1, 2010 Author Report Share Posted July 1, 2010 (edited) Is it ok for u to save the image to tinypic (U just need to register a free account will do in www.tinypic.com) and then using to attached here? So that it will be easier for all of us to see. Thanks. Happy pips. Smile Chankl78 Sure thing Edited July 1, 2010 by benny3 chankl78 1 Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 1, 2010 Author Report Share Posted July 1, 2010 (edited) A potential sell on the CHF/JPY only time will tell hehe http://i45.tinypic.com/2jtjqe.jpg Turned out ok but i was too busy and didn't take this trade http://i45.tinypic.com/2cfdzmc.jpg Edited July 5, 2010 by benny3 Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 5, 2010 Author Report Share Posted July 5, 2010 (edited) eurjpy possible sell hope it works out http://i47.tinypic.com/34splk3.jpg Turned out ok stop at break even taken half position at center bollinger band let the trade run and start looking for other potential setups http://i46.tinypic.com/28t7sdt.jpg trade break even http://i45.tinypic.com/fy216v.jpg Edited July 6, 2010 by benny3 Quote Link to comment Share on other sites More sharing options...
maybe Posted July 5, 2010 Report Share Posted July 5, 2010 That's a tough call, all my indicators show signs of a possible reversal, but still don't give the go ahead for going short. You might be lucky and catch a nice wave when the asian session starts. Very unlucky about the 2 previous trades btw, but atleast be happy in the knowledge your systems working :) Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 5, 2010 Author Report Share Posted July 5, 2010 Very unlucky about the 2 previous trades btw, but atleast be happy in the knowledge your systems working :) what was unlucky about the last two trades? The first one i just hoped in a bar to soon but if you had of noticed it turned out ok as long as you protect yourself as soon as price gets to support or ressistance or center bollinger band which ever is first ,take half position and bring stop to break even. Remember Rome wasn't built in a day,so trading to me is about gradual profits,not quick losses. Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 5, 2010 Author Report Share Posted July 5, 2010 (edited) Remember never risk more than 2% of your trading capital on anyone trade , here's a great site you've probably already seen but here it is anyway hope it helps http://www.forexcalc.com/ Enjoy this song to it helps me when trading http://www.4shared.com/audio/cjeybqN7/Life_Is_a_Highway.html Edited July 6, 2010 by benny3 Quote Link to comment Share on other sites More sharing options...
maybe Posted July 6, 2010 Report Share Posted July 6, 2010 Sorry, I must have read wrong, I was under the impression you correctly identified 2 trades but were too busy to take one, and stopped hit you sl before another bloomed, that's all I was saying unlucky about :s Thanks for the tips anyway, in particular your buy and sell Bollinger bands guides. Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 6, 2010 Author Report Share Posted July 6, 2010 Sorry, I must have read wrong, I was under the impression you correctly identified 2 trades but were too busy to take one, and stopped hit you sl before another bloomed, that's all I was saying unlucky about :s Thanks for the tips anyway, in particular your buy and sell Bollinger bands guides. No worries and the technique/system was produced by Dean Saunders i'm just testing it. http://forexpowerbanddominator.com/ Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 6, 2010 Author Report Share Posted July 6, 2010 (edited) Opened Sell on AUD/CAD had ressistance and 365 confluence see how we'll do http://i45.tinypic.com/25pqw7b.jpg Not too shabby stop at break even take half position around center bollinger bands or support area what ever comes first... then hope like hell it reaches target number 2 either way its a free trade. http://i49.tinypic.com/2vil3ef.jpg Edited July 6, 2010 by benny3 Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 6, 2010 Author Report Share Posted July 6, 2010 Divergence setup taken off daily support area not too shabby pitty i didn't take this trade i'm still not too confident at taking divergence ones still an A setup http://i49.tinypic.com/1zdma2r.jpg Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 6, 2010 Author Report Share Posted July 6, 2010 (edited) Nice A setup here but unfortunately i was asleep http://i47.tinypic.com/119qdxj.jpg i entered on the retrace of the candle and not on the open of the bar like i should've and also i felt alittle rushed when taking this trade because i thought it looks too good to pass up hopefully works out time will tell. http://i49.tinypic.com/2akb33s.jpg Edited July 6, 2010 by benny3 Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 6, 2010 Author Report Share Posted July 6, 2010 this one looks good too trade not entered i'm already in a trade oh by the way i only take one trade at a time. http://i48.tinypic.com/263y6p4.jpg Quote Link to comment Share on other sites More sharing options...
kraven Posted July 7, 2010 Report Share Posted July 7, 2010 Hello Benny, just looking to download your temp and indi's. How are you finding the system? which pairs do you trade and what TF. (looked through posts but missed them if you've already said) Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 7, 2010 Author Report Share Posted July 7, 2010 Hello Benny, just looking to download your temp and indi's. How are you finding the system? which pairs do you trade and what TF. (looked through posts but missed them if you've already said) Indicators and template http://www.4shared.com/file/eRB38btA/IndicatorsTemplate.html I consider it more of a technique ive learned rather than a system, and it was develloped by Dean Saunders and is called the Powerband method. I trade any pair really that gives me a descent spread at the time. timeframe is the 4hr charts. Quote Link to comment Share on other sites More sharing options...
kraven Posted July 7, 2010 Report Share Posted July 7, 2010 thanks benny, i'll keep an eye on how your doing. cheers. Quote Link to comment Share on other sites More sharing options...
maybe Posted July 7, 2010 Report Share Posted July 7, 2010 Good call on the 1st 2 retractions! I think it will break through the 1st resistance at .69650 or at .69722 and continue upward. Although the recent trend over the last few days seems to mirror the waves from jun16 to jun25, so there might be something to that! But that's just a basic guess, I trade on m15 myself and really amn't used to H4 ;) Quote Link to comment Share on other sites More sharing options...
maybe Posted July 7, 2010 Report Share Posted July 7, 2010 It looks like a bearish gantley is formed on nzdusd, I reckon it'll go short and continue down to the .70000 - .69949 range, after that not a clue. Thanks for opening me up to the nzdusd pair, it seems very trending and a tad more predictable than eurusd. Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 8, 2010 Author Report Share Posted July 8, 2010 (edited) It looks like a bearish gantley is formed on nzdusd, I reckon it'll go short and continue down to the .70000 - .69949 range, after that not a clue. Thanks for opening me up to the nzdusd pair, it seems very trending and a tad more predictable than eurusd. i took it hope it works out http://i29.tinypic.com/j8idjk.jpg i stopped this trade at -30 pips mmm not too good anyway move on hehe Edited July 9, 2010 by benny3 Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 8, 2010 Author Report Share Posted July 8, 2010 soo far this week i'm + 112 pips and that's pweety good for me considering my trading a year ago man was it bad Quote Link to comment Share on other sites More sharing options...
maybe Posted July 13, 2010 Report Share Posted July 13, 2010 Congrats on the 112 pips, sorry bout the earlier mistake, my gartley indicator was the only indicator relevant to the h4 timeframe, and it looked promising :/ I'm interested in what you think will happen now (it's at .71905 at time of writing), you could trust fibs and hope it gets to .73041 which is where the last major stop was felt (apart from the very last stop, which has already been passed), but it's been going strongly long now for a while now, and stoch says it's pretty overbought. Also, do you take news into account when trading? With the amount of news reports coming out every day I'd imagine it can be a bit dodgy setting a medium term position when a report could turn everything on it's head. Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 14, 2010 Author Report Share Posted July 14, 2010 Congrats on the 112 pips, sorry bout the earlier mistake, my gartley indicator was the only indicator relevant to the h4 timeframe, and it looked promising :/ I'm interested in what you think will happen now (it's at .71905 at time of writing), you could trust fibs and hope it gets to .73041 which is where the last major stop was felt (apart from the very last stop, which has already been passed), but it's been going strongly long now for a while now, and stoch says it's pretty overbought. Also, do you take news into account when trading? With the amount of news reports coming out every day I'd imagine it can be a bit dodgy setting a medium term position when a report could turn everything on it's head. Hi Maybe i'm sorry for the late reply i've just been busy with work and had a death in our familly plus trying to trade aswell is prity time consuming.i will post soon as things settle down. Benny3 Quote Link to comment Share on other sites More sharing options...
rob123 Posted July 14, 2010 Report Share Posted July 14, 2010 Hi Benny, Sorry to hear about your death in family.Your doing very well with this strategy. I'm experimenting with line charts to find SR and then switching to candles after i mark the spots .i'll let you know how it goes. Take care,Rob Quote Link to comment Share on other sites More sharing options...
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