Benny3's Trading jounal

[benny3]

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

 

Thanks Rob i've just managed to post this reply then it's off to the relatives again, man i can't wait to get back to trading this strategy again.well it looked like there were some good setups forming this week.... there will be more i guess well happy trading everyone i'll post some charts next week.

cya

 

Benny3

[benny3]

Looks like a nice setup on the NZD/USD will keep an eye on it.

 

http://i28.tinypic.com/11tldm8.jpg

 

http://i29.tinypic.com/14c77yq.jpg

 

Close enough to the center bollinger band for me taken half profit put stop to break even start looking for more potential setups

 

http://i31.tinypic.com/2j5l9ft.jpg

 

Moved stop to center of bollinger band to lock in profit

 

http://i30.tinypic.com/synqqt.jpg

 

end result

 

http://i29.tinypic.com/ilveds.jpg

Edited July 21, 2010 by benny3

[benny3]

hopefully i'm not too early...what it might do is retrace back to moving averages then head up.

 

Time will tell

 

Turned out ok

Edited July 20, 2010 by benny3

[benny3]

Opened this trade on my htc touche pro 2 mobile phone using remote desktop.

It's the eur/gbp ...that's why the pic is soo small

 

http://i25.tinypic.com/2ywcm5w.jpg

 

Nearly 8hrs later not too much happening

 

http://i30.tinypic.com/2w1s7ih.jpg

 

Closed half position just below center bollinger band then moved stop to break even

 

http://i25.tinypic.com/jhbwnr.jpg

Edited July 22, 2010 by benny3

[hermanhess]

Benny as half the profit is taken on the middle BB and you close the other half by ts or at the other BB, are you getting less than a 1:1 ratio on these trades? Or are you making atleast a 1:1?

[benny3]

Benny as half the profit is taken on the middle BB and you close the other half by ts or at the other BB, are you getting less than a 1:1 ratio on these trades? Or are you making atleast a 1:1?

 

Soon as price gets near the center Bollinger band or if support/ressistance is 1st whichever, close half your position then move stop to break even.

 

I think most of the time it would be less than 1:1

 

I guess the aim for me would be to at least lock in some profit and move stop to break even which i find very helpful, it especialy puts my mind at ease knowing you've at least locked in something i even get nervous on demo trading hehe.

 

Then once stop is moved to break even you can trail it or let it run, i personally would trail it.

 

Also i can honestly say soo far that since trading this technique of Deans , there has been more winners than losers....soo far soo good.

 

In Pips name.........AMEN HEHE

Edited July 22, 2010 by benny3

[benny3]

Soo far this week locked in +86 pips on nzd/usd floating 30 pips on eur/gbp and taken half position at center bollinger band on the eur/gbp and i'm gonna let it run over the weekend

 

averaging +100 pips a week hopefully things will keep going that way but i'll keep you all posted that's me for the week

 

c u guys and gals next week.

 

Benny3

[benny3]

This one looks good on the cad/jpy 4hr chart, railraod off the 200ma and S/R AND DIVERGENCE

 

http://i26.tinypic.com/5bs3ut.jpg

 

turned out ok i just woke up too late to take half position at center bollinger band soo i took it soon as i seen it

 

http://i27.tinypic.com/2ir9icx.jpg

 

Took full position here at 111 pips. It was the only trade i took this week.

 

http://i32.tinypic.com/10newiu.jpg

Edited July 29, 2010 by benny3

[benny3]

Well that's me for this week.

 

see you all next week.

 

Benny3

[rob123]

good Job Benny. I'll be watching . Rob

[benny3]

Just waiting for some good setups on 4hr charts......And noticed FXDD Brokers went from 4 digits to 5 this week. Takes abit of gettin used to.

[benny3]

sorry guys I've just been busy changing internet providers soo not too much time for trading this week, my internet has been down for about three days now and I've just got it back up and running hope to have some great trades next week .

 

Benny3

[tobi1122]

wow great job

[benny3]

wow great job

 

cheers mate

[benny3]

Hi guys i won't be trading this technique for awhile even though it's great, i'm currently checking out this technique at the forex factory. using oanda platform and trading on the 5 second time frame with only 2 pips stops with 140 as my target if you guys are keen check it out.

 

http://www.forexfactory.com/showthread.php?t=156106

 

Benny3

 

An update

I've Trialed this technique at the forex factory, for quite sometime....and its no good guys don't bother with it!

Edited August 22, 2010 by benny3

[maybe]

When I saw 5 second timeframe and 2 pips sl I got a bit worried, but the op has a good point. Let us know how you get on.

[benny3]

When I saw 5 second timeframe and 2 pips sl I got a bit worried, but the op has a good point. Let us know how you get on.

 

That's exactly what i thought Maybe, i'm going to trial it for awhile so maybe i still can keep up to date with this thread as well. we'll see how things turn out. The currency market is changing constantly we have to learn to move with it i suppose.

 

An update

trialed this tech and it's no good

Edited August 22, 2010 by benny3

[benny3]

This trade looks ok decided to take it because of nice pinbar off divergence see how we go

 

http://i38.tinypic.com/29xw5dg.jpg

 

Just an update on trade not too much hapnin, floating about 15 pips.

 

http://i34.tinypic.com/2nu375t.jpg

 

Taken half position and moved stopped to break even

 

http://i37.tinypic.com/bffl35.jpg

 

stopped out at break even but taken +25 pips

 

http://i34.tinypic.com/2vb0c2g.jpg

Edited August 23, 2010 by benny3

[benny3]

Opened this trade this morning at work from my HTC Touch pro 2 phone, there was confluence at 200EMA

 

http://i38.tinypic.com/wjcqc7.jpg

[benny3]

Here's a better pic of that trade it sorta look funny taken from my phone

 

http://i36.tinypic.com/67o5mf.jpg

 

Took half and moved stop to break even

 

http://i38.tinypic.com/31696di.jpg

 

an update at break even,+50 pips

 

http://i33.tinypic.com/2s78c42.jpg

Edited August 23, 2010 by benny3

[syk1kz]

you seem to be doing well with this system, i don't know why you would look for something else when what you are doing works. I did steal the cheat sheets from here and edited them into something a little bit more suited to my manual system, i need visual checks or i forget to look for everything and jump the gun sometimes :/

 

Are you planning on taking this live at any stage?

[benny3]

you seem to be doing well with this system, i don't know why you would look for something else when what you are doing works. I did steal the cheat sheets from here and edited them into something a little bit more suited to my manual system, i need visual checks or i forget to look for everything and jump the gun sometimes :/

 

Are you planning on taking this live at any stage?

 

Hi thanks for coments, im planin on going live soon, not sure when. Just waiting for an expert being made for this system, the only difference with this ea is that u manually have to enter the trade.

[benny3]

opened this trade on the GBPUSD Engulfing candle off support and 365 ema

 

http://i37.tinypic.com/2s1qf82.jpg

 

Here's why i opened this trade

 

http://i36.tinypic.com/2r46a92.jpg

 

4hr timeframe zoomed out

 

http://i33.tinypic.com/2hyj7mo.jpg

 

6hrs later

 

http://i35.tinypic.com/34ifnnq.jpg

Edited August 25, 2010 by benny3

[benny3]

just an update on trade,stop moved to break even takin half position

 

http://i37.tinypic.com/2dqptky.jpg

 

Here's a better picture

 

http://i35.tinypic.com/33nagj7.jpg

Edited August 26, 2010 by benny3

[benny3]

Floating +140 pips not bad

 

If you wanted you could move stop to center bb or else go for the tp. closed trade early, that's good enough for me.

 

http://i33.tinypic.com/16iy4rd.jpg

 

I probably should've stayed in the trade......but don't want to get too greedy HEHE!.

 

ps

Even though i'm trading this technique by Dean Saunders on Demo, its taught me quite alot about Support and ressistance and how much price really does react to them. I trade Demo as i would trade live.

Edited August 26, 2010 by benny3