$TRILLION STRATEGY

trading strategies and money management discussion, code, results

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pineapples
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Postby pineapples » Tue Jun 10, 2008 3:31 pm

Wow! Glad to be of help!
It takes guts to trade like that but I would have made at least 10 pips today on each of the 5 dollar-pairs that I watch (EUR GBP JPY CHF AUD).

In fact when I first started trading that's exactly what I did - and made 10 pips. Then I started listening to the experts....

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TheRumpledOne
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Postby TheRumpledOne » Tue Jun 10, 2008 4:47 pm

Well, if you know what works for you, JUST DO IT!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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pineapples
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Postby pineapples » Tue Jun 10, 2008 6:35 pm

I think the "go with the flow" strategy is pretty much unstoppable when combined with economic news. I use this timetable for upcoming data:
http://www.gftforex.com/resources/calendar/calendar.asp
and then I check the results via Bloomberg or some other news feed as it comes out.
If the dollar is strengthening and then the Fed raises interest rates, a 10 pip target is almost guaranteed.

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Postby pineapples » Wed Jun 11, 2008 8:41 am

I just made a lightning-fast 30 pips (was aiming for 10) on GBPUSD.
Day candle moved to red, negative UK employment and trade balance numbers came through, I entered short AS THE NEWS CAME THROUGH and the price dropped 30 more pips before I could grab the ten - I want my money back.
No wait...

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Postby pineapples » Thu Jun 12, 2008 12:39 pm

It just happened again! EURUSD weakening, red candle. I entered short at 1.5420, this time just before US retail sales data which came in positive. Price dropped 40 pips before I could react (I only wanted 10).
Am I onto something?

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Postby TheRumpledOne » Fri Jun 13, 2008 2:07 am

Be careful front running the news.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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pineapples
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Postby pineapples » Thu Jun 19, 2008 8:46 am

Sound advice TRO, however just now GBPUSD gapped up 60 pips on UK retail sales news. I chased it and got 18 pips!
Also, look at the build up, a lot of front running going on. Anyway, I guess it's always safer to get in after the fact for quick gains.

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Postby DiemTrader » Sun Nov 16, 2008 1:56 pm

Anyone still trading this strategy?

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pineapples
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Postby pineapples » Mon Nov 17, 2008 9:47 am

1200% profit in a week? (actually slightly over). It's not like winning the lottery but a lot less risk!

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Postby DiemTrader » Mon Nov 17, 2008 4:45 pm

Care to eloborate on your success?

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