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Darren Teo replied Aug 11, 2010Ok, I just closed my long account for about 2% profit. So long account broke even, and short account had a profit.
Looser Trading System (Version 0.01-1/3)
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Darren Teo replied Aug 11, 2010I just closed my short account with slightly over 1% profit. No stoploss was hit in that account. My long account is now showing an unrealized profit of about 1.5%. But 3 stoplosses were hit in that account. I will target about 2% profit so I can ...
Looser Trading System (Version 0.01-1/3)
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Darren Teo replied Aug 10, 2010Improvements to the original system — I closed all my positions for a small loss. Six stoplosses were hit. I think the 30 pips stoploss needs some adjustment. Sometimes a stop and reverse position would be opened, only to have that new ...
Looser Trading System (Version 0.01-1/3)
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Darren Teo replied Aug 10, 2010For me, I go long one account and short the other account. One account should go easily into profit and the other account perhaps go for breakeven.
Looser Trading System (Version 0.01-1/3)
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Darren Teo replied Aug 10, 2010I just closed both accounts (long and short) for a small profit. I guess I could have held the positions longer. Anyway I have reopened all positions again.
Looser Trading System (Version 0.01-1/3)
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Darren Teo replied Aug 10, 2010The system essentially relies on 1 or 2 pairs breaking out, but since we do not know which pair will breakout, and in which direction, I go long in one account and short in the other account. This morning my short account showed a profit of about ...
Looser Trading System (Version 0.01-1/3)
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Darren Teo replied Aug 9, 2010In one account I short all 6 currencies and in another account I go long all 6 currencies. When the unrealized profit reaches 1-2 % in any of the accounts I will close all positions for that account. Let the positions run for the other account but I ...
Looser Trading System (Version 0.01-1/3)
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Darren Teo replied Aug 9, 2010Any particular reason for your short entries? Yes, I like the system because we are averaging into the price and it allows room for error.
30min of Your Time system
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Darren Teo replied Aug 8, 2010Yes, I think this makes more sense, rather than your 100 pip SL, since you are trading reversals and if you are wrong you only lose 25 pips. I will try trading with the trend and will let you know my results.
30min of Your Time system
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Darren Teo replied Aug 8, 2010Thanks for sharing your system and your sense of humour! Looks like an interesting system based on correlated currencies. Am I correct to say that your system relies on one or two currencies to trend or breakout - and that is where the profit comes ...
Looser Trading System (Version 0.01-1/3)
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Darren Teo replied Aug 8, 2010Thanks for the screenshot. Just a suggestion. Would it be possible employing your strategy and trading with the trend? Seems less risky this way, because it's difficult to pick tops and bottoms. Sometimes, there might be little retracement too. If ...
30min of Your Time system
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Darren Teo replied Aug 7, 2010Interesting, I think there is an edge to averaging in or multiple entries, if we keep the trend in mind. May I suggest some kind of stop loss? Perhaps all the positions should be closed after 30 mins, whether in profit or not. May be better trading ...
30min of Your Time system