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  • Page 1 of 2 1 2
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    Thread: EMTELIMA (1348677), JOURNAL TRADING CONTEST "TRADER DAILY GRIND"

    1. #1 Collapse Post
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      Default EMTELIMA (1348677), JOURNAL TRADING CONTEST "TRADER DAILY GRIND"

      Hi friends,

      Here is my account:
      Account Number : 1348677
      Password Investor : htyk1bg
      Strategy : Multiple Lot Hedging
      Indicator: Slope Direction Line (15,3,0), Parabolic SAR (0.02,0.20), Pivot Line.
      Pairs : All Pairs, specially GBPUSD and EURUSD
      Time Frame: 15M

      THE RULES

      Entry Rules:
      1. Buy when Slope Direction Line is going up or changes its color to white.
      2. Sell when Slope Direction Line is going down or changes its color to red.

      Exit Rules:
      There are many choices of exit rule:
      1. Exit when the profit has enough.
      2. Exit when the Slope Direction Line changes its color.
      3. Exit at a certain level of pivot , support, resistant .
      4. Trail the stop loss by Parabolic SAR.

      THE STRATEGY


      This strategy is named : Multiple Lot Hedging Strategy.
      The main purpose of this strategy is to save the previous order if the price against us. Here is the strategy:
      1. After buy order has sent, put double lot sell pending order at lower low of previous candle + 2 points.
      2. After sell order has sent, put double lot buy pending order at higher high of previous candle + 2 points + spreads.

      Hope this strategy could help us to make everyday forever.
      Don't forget to say thanks, mate.


      Name: EMTELIMA TRADER DAILY GRIND CONTEST.jpg Views: 230 Size: 158.7 KB

      Good Luck to you all.


    2. The following 3 users say Thank You to emtelima for this useful post.

      cumil (07-03-2011), mhassan (07-08-2011), Toxic (07-04-2011)

    3. #2 Collapse Post
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      Hello, everyone...the contest season just starts, let's race begin...
      GBPUSD open with 14 points gap, it is nice for gap trapping system.
      Waiting for signal to make position. May God bless us in this week.


    4. #3 Collapse Post
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      GBPUSD is an uptrending.
      But I better leave it, waiting for reversal.

      Name: 1.jpg Views: 241 Size: 178.6 KB


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      Sell GBPUSD 4.0 Lot at 1.6067 ticket#70289456
      Buy Stop GBPUSD 8.0 Lot at 1.6088 ticket#70289550
      Sorry, I can not upload the screen shot because of malfunction of my photoshop.


    6. #5 Collapse Post
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      Quote Originally Posted by emtelima     
      Sell GBPUSD 4.0 Lot at 1.6067 ticket#70289456
      Buy Stop GBPUSD 8.0 Lot at 1.6088 ticket#70289550
      Sorry, I can not upload the screen shot because of malfunction of my photoshop.
      You can use paint


    7. #6 Collapse Post
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      Quote Originally Posted by mjomha     
      You can use paint
      Thanks friend...Here is the picture.
      The last Buy Stop order was hit.
      Then I add more pending order:
      Sell Stop GBPUSD 12 Lot at 1.6055
      Attached Images  


    8. #7 Collapse Post
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      Unfortunately, this is not my lucky order.
      All my order result in negatif floating till this day. So, I decide to close all now with minus $136.80
      Next looking for new signal.


    9. #8 Collapse Post
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      My Slope Direction Line changes its direction. It looks like to go up a moment.
      Try to catch this chance.

      Placing new order:
      Buy 10.00 Lot GBPUSD at 1.6050
      Sell Stop 20.00 Lot GBPUSD at 1.6030


    10. #9 Collapse Post
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      Sell stop was hit. Adding new position Buy Stop 30.00 Lot GBPUSD at 1.6055.
      Hope the margin available for that pending order. If don't I will reduce the lot.


    11. #10 Collapse Post
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      Default The Review

      Quote Originally Posted by emtelima     
      Sell stop was hit. Adding new position Buy Stop 30.00 Lot GBPUSD at 1.6055.
      Hope the margin available for that pending order. If don't I will reduce the lot.
      Here I review my last position.

      Position #1: Buy 10.00 Lot GBPUSD at 1.6050
      Position #2: Sell 20.00 Lot GBPUSD at 1.6030
      The pending order Buy Stop 30.00 Lot GBPUSD at 1.6055 was not hit because of not enough margin.

      My mistake began when I forgot to delete the take profit which I set on my position#1, so this position closed at 1.6090 when price went up higher and left the position#2 float negative. Unfortunately pending order Buy Stop didn't hit because of not enough margin. To rescue it I decided to hedge position and so on till now the recent position is floating with minus $808. Hope this minus floating will end on next day being normally again. After that I will continue trading with my system.

      Good luck to you all....

      Name: 4.JPG Views: 213 Size: 119.8 KB


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