The below is an extract of the Bedtime Trader Results e-mail recieved from Kevin Greenhall
What a great result for last week.
We got off to a brisk start, with no less than 7 trades on Sunday evening and all producing a positive result. Great stuff!
After that, there was a lull, with no trades on either Monday or Tuesday. But those no trade days were followed by Wednesday and Thursday, both producing two opportunities each.
However, three of those four potential trades weren’t activated after the entry price was adjusted by using Orders to Open to take account of resistance.
In the case of Thursday evening’s trades, the opening price of the new candles went in the opposite direction to that required. One of these trades, the £/CHF, is shown in the Training note below.
Last week both Windows and Metatrader sent through updates which temporarily interrupted updating to the BTT Signal.
This resulted in Profile 0 showing only partial information and in some cases not showing anything other than a grey screen. It would appear that those worst affected were customers with limited broadband speed and connectivity.
I have provided a link below for anyone still affected which should be used to re-load your BTT Signal.
Getting down to the splendid result for last week we have:
11 Trades identified by the Signal. 7 Winning trades. 1 Trade made a loan to the market. 3 Trades not activated. Net result for the week +1784 pips.
I have a couple of things this week. In a moment, I’ll show you how to reload your BTT signal if you need to following the recent Windows and Metatrader updates.
But first let’s look at orders to open again…
Order to Open Not activated
One of the potential trades identified on Thursday was in the GBP/CHF. However, the price immediately started falling as soon as the new candle commenced. To prevent being taken into a trade which was going the wrong way, an Order to Open was used rather than an instant execution. When you try to place a pending order (OTO) in the order box there is a note that states:
‘Open price you set must differ from market price by at least 20 pips’
This is why the entry price indicated by the broken green line is well above the Dragonfly DoJi and, as can be seen, the trade was therefore not activated avoiding a potential loan to the market.
A note for those still experiencing connection problems…
You need to get GKFX working correctly first and this might mean deleting and reinstalling.
Once you have it working correctly log out of GKFX and install the BTT from the link below using the latest code sent to you.
Use the following link with the latest code you received.
The GKFX account must be logged off before any attempt to load from the link below.
Make sure that you copy and paste the code into the update when requested.
Now let’s move on to the full details of last week’s trades…
Last Week’s Opportunities for W/E 12th July 2014:
Note: Exit time assumes 11pm on the day following the DoJi unless otherwise specified.
10/07/14 – 11/07/14 – GBP/CHF – NDDL OTO
Possible Dragonfly DoJi off support at 23 DMA. Started falling immediately so Order to Open above Dragonfly DoJi not activated.
06/07/14 – 07/07/14 – CHF/CAD – DDL
Valid Dragonfly DoJi off previous support low 13/12/2013.
06/07/14 – 07/07/14 – CAD/DKK – GDS
Valid Gravestone DoJi off previous resistance high 03/01/2014.
06/07/14 – 07/07/14 – EUR/CAD – DDL
Valid Dragonfly DoJi off support 03/01/2014.
08/07/14 – 09/07/14 – GBP/AUD – NDDL
Possible Dragonfly DoJi off support 13 DMA and 200 DMA. Stop below 23 DMA.
09/07/14 – 10/07/14 – GBP/SGD – DDL OTO
Valid Dragonfly DoJi off support low 30/06/2014. Order to Open above 13 DMA not activated.
10/07/14 – 11/07/14 – EUR/HUF – NGDS OTO
Possible Gravestone DoJi off resistance at 13 DMA. Started rising immediately so Order to Open below Gravestone DoJi not activated.
Possible trades but with large stops. Consider smaller stakes.
06/07/14 – 07/07/14 – CAD/SEK – NGDS
Possible Gravestone DoJi off resistance close 09/07/2013.
06/07/14 – 07/07/14 – CAD/NOK – NGDS
Possible Gravestone DoJi off resistance high 13/12/2013.
06/07/14 – 07/07/14 – GBP/NOK – NGDS
Possible Gravestone DoJi off resistance 30/06/2009 (Monthly Chart).
06/07/14 – 07/07/14 – USD/NOK – NGDS
Possible Gravestone DoJi off resistance 08/01/2104 and 12/11/2013.
BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button. The above is an extract from Kevins weekly update e-mail.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur. Like myself you trade at your own risk.
Author: Rich E