BatFink Daily Range trades - Page 2
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Thread: BatFink Daily Range trades

  1. #11
    Major news tomorrow. The JPY news has come through and abandoned the JPY calls before the news had come through.

    GBP/USD
    Enter sell trades just. Awaiting sell confirmation sign, enter today just on or after London open candle (8GMT)
    Enter Buy trades only
    Buy 2 lots 1.9658
    set stop loss at 1.9628
    Use profit one 1.9673 transfer stoploss into 25
    Close second lot if price reaches 1.9718
    If orders are shut. The re-enter at original buy price of 1.9658 providing price drops under 1.9648. And is not on the candle that is same as order shut.

    GBP/CHF
    Enter buy trades just
    Buy 2 lots 2.3763
    set stop loss at 2.3733
    Take profit one 2.3778 transfer stoploss into 25
    Close second lot if price reaches 2.3823

    If orders are shut. The re-enter at original buy price of 2.3763 providing price drops under 2.3753. And is not on the candle that is same as order shut.

    GBP/JPY
    News releases effecting this pair so awaited until this had come until establish trades.
    Enter buy trades onlyBuy 2 lots 231.47
    set stop loss at 231.01
    Use profit one 231.61 transfer stoploss into 25
    Close second lot if price reaches 232.06

    If orders are shut. The re-enter at original buy price of 231.47 providing price drops under 231.36. And is not on the candle that is same as order shut.

    USD/JPY
    News releases effecting this pair so awaited until this had come until establish trades.
    Enter buy trades just
    Buy 2 lots 118.02
    set stop loss at 117.72
    Take profit one 118.17 transfer stoploss into 25
    Close second lot if price reaches 118.62

    If orders are shut. The re-enter at original buy price of 118.02 providing price drops under 117.92. And is not on the candle that is same as order shut.

    USD/CHF
    Enter buy trades just
    Buy 2 lots 1.2174
    set stop loss at 1.2144
    Take profit one 1.2189 transfer stoploss into 25
    Close second lot if price reaches 1.2234

    If orders are shut. The re-enter at original buy price of 1.2174 providing price drops under 1.2164. And is not on the candle that is same as order shut.

  2. #12
    Are you no longer playing trades? I notice you're simply placing orders for one management. .

  3. #13
    Quote Originally Posted by ;
    Are you playing straddle trades? I notice you are simply placing orders for one direction. .
    Hello traderone, I believe he simply enters on one side because of his updated principles.

    Trade update for 23rd of Nov:

    Quote Originally Posted by ;
    Trade update for 23rd of Nov:

    These trades are with the updates principles:

    1st alter:
    2 lots traded, 1st lot profit taken at 15 with stoploss (SL) place to Break , 2nd lot SL is corrected to 25 pips at 2nd target.

    2nd alter:
    concessions are just taken in a way if the previous days high is less than target 3.

    3rd Change:
    Re-Entry of trades just taken in the same directions as first trade.
    In relation to the

    Quote Originally Posted by ;
    If orders are closed. The re-enter at original buy price of 1.9658 providing price drops under 1.9648. And is not on the same candle as order closed.
    Is this a new rule? And if so, could you explain its purpose?

    Also, once price moves to target two you move your stop to breakeven?

  4. #14
    Don,

    I have not ever really intended this for a straddle system, but range jump. Initially the system was inputting transactions both sides, Buy and Sell entry lines, during the day. To enhance the Win/Loss ratio, then I decided to place trades only in 1 direction. This was to fit the daily range typical, once it had broken through an entry line and attained target one it would need to retrace, 55 pips simply to hit on the re-entry on the opposite site. That would mean the likley hood people having successful trade (one that hits the 2nd goal ) was significantly reduced.

    I have filtered the machine to included additional indiors. However these are set to longer term to stay with longer term market sentiment.

    They're, the Batfink Trend indior with woodies CCI, corrected to 50 period setting. This doesn't provide us a signal but keeps us trading in the increased percentage direction.

    I use the 50CCI with added systems. If you would like to read more about the success of this 50 CCI and I use it I would advise having a look at http://www.tradershaven.net/library.html and studying he attached article.

    I'm keeping this system only range jump. I really do think the indiors keeping us trading in the market direction improves this system and filters out bad transactions.

    As this is a journal I will be useing some discretion in the system. As an example did not trade the JPY last night until the news came.

    Cheers
    https://www.forexsoutheast.asia/atta...1831789920.pdf

  5. #15
    Quote Originally Posted by ;
    Is this a new rule? And if so, could you describe its purpose?

    Also, once price moves to target 2 you move your stop to breakeven?
    It's a principle that I use with the most of my systems. I wait for confirmation candle. It waits for market confirmation. You won't miss to a lot of trades waiting for another candle on the shorter time frame.

    It's upto you if you use this. I will use this in my journal entries.

    Cheers

  6. #16
    Mistake maken here on the undeline. Please follow first sentence regarding enter market trades just after open of UK session.

    GBP/USD
    Input sell trades just. Awaiting sell confirmation sign, enter now just on or after London open candle (8GMT)
    Input Buy trades only
    Buy 2 lots 1.9658
    put stop loss at 1.9628
    Use profit one 1.9673 transfer stoploss to 25
    Close next lot if price reaches 1.9718
    If orders are closed. The re-enter at first buy price of 1.9658 providing price falls below 1.9648. And is not on precisely the exact same candle as order closed.

  7. #17
    [quote]maken
    QUOTE]

    Do not know what the hell I was thinking when I typed this word. It is from the dictionary for idiots!!

    Regarding the error in the aforementioned. Typing all these out late at night usually means that there might be some mistakes. If you see some contradictions please pull me up on it.

  8. #18
    Looks like I will miss the GBp/USD Trade into the fourth target as soon as the CPI amount comes out (unless it retraces prior to launch into the sell line). The trade was not re-entered on the 10am candle becase I was awaiting a confirmation candle that never hit the sell line again at 11am.

  9. #19
    Time - 3.50 PM

    GBP/CHF
    Enter buy trades only
    Buy 2 lots 2.3763
    put stop loss at 2.3733
    Use profit one 2.3778 move stoploss into 25
    Close next lot if price reaches 2.3823

    Trade has not yet been entered here and final most possabilities with this pair today.

  10. #20
    Mark has not been here for a long time.

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