Hope everyone is doing well. I am still doing the 5min stuff and don't go for 2% a day I just take the good trades, why sell myself short if we have 4 good trades like we did today.

My day

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I do better on the 5min vs the 4hr but I did trade several years off the 3min and my mentor of 20 years did the same. I think it depends on the person. I don't trade the 5min for a quick profit I trade it due to I handle is better mentally and emotionally.

In fact I signed up to J16 to try to learn how to trade the longer times so I don't have to watch it but it just did not work.

I watched 8-10 hours a day for 7 days a few weeks ago and took 0 trades, I don't think many people can do that lol. It's just how people work, I bet I could do the 4hr stuff but again it's not for me.

I would also like to add I lost for 4 years starting out using the 5min and this is with a mentor telling me what to do so no it's not easy even with someone holding your hand. We would take the same trades and I would lose he would win it was that bad. Take your time put IN your time into these charts, if you have a job and can not watch it real time you need to watch it at night. Looking over charts is good but WATCHING how they move to get a feel for what is going to happen is key for me.


P.S. No I am not the norm, thanks Jim

For me a long trade is 15min lol, 80% of the time if I am right it hits +20 next bar, if it's 3-4 bars latter and it's farting around I kill it, also if I am +50% and it stalls I go stop @ cost. It's all about taking the risk out of it, I would rather stop at cost then lose. Also 1 loss on a trade all week is still not bad.

I will add once you get this down you just hit it and get a gut feeling you are right, you dont think, you dont worry or have the What if's, you take the trade put in a stop and feel nothing. Once that happens you are a pro trader.

Thanks Jim and you are 100% correct, sometimes my goal is 10/10 20/20 or 5/5 depends on the swings.

Ended up +.8%ish

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For everyone that thinks I am full of shit.... Enjoy

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lol, I knew I was going to get shit on that. It's internet music hahaha.

Hey it was Mike that knew the rest of the song, I just let this crap play 24/7 lol.

1 more just for Mike, don't look at the 1 winning trade Yesterday that made +2% because it's all fake and I just make this stuff up, check out the song

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Yes, It's all about crappy chick bands, the more the band sucks the better I do.

Always

haha, you guys are a funny bunch. Have a great weekend and lets make some more money next week.

Don't be lazy, read the posts. How many lazy people do well in life?

Okay my day, stopped for -9 then took +18 so +1% on the day, Missed the good trade as always. Not as many good ones as in the past but it happens. Not going to be mad at making money.

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The 2nd one was just gut, I knew it was going to sell off and just went short at the close of the PB. I faded a PB on noes lol, it worked and I made a little today.

You need to watch out on these, I used to trade this type of setup and it's damn hard, look at days that go down or up all day, they post divergence after divergence and you will be wrong on everyone. The key to these is take them in a FLAT market.

That is not the case, I just post up everything I do. If you don't care about the 5min stuff just skip it. I do the same with the 4hr stuff. It's all about learning to trade and PA is PA no matter what timeframe.

I would learn PA 1st. Divergence is just something I use as a add deal and it will not make / break a trade for me. You can google it, do "RSI Divergence" and see what ya get. To me any divergence is feel and something that can not be taught.

In this with ya, very nice daily with the trend A+ in my book.

Good trade, with trend nice PB. You HAVE to get over getting scared out of trades, this will eat you up. Take the trade and WALK AWAY!

The more time spend looking at it the more you WILL do something and 90% of the time it's the wrong thing. Trust me I have done this well over 1000 times when I started out, if you mess with a trade when you are emotional you will screw something up. If you spent the time looking over the charts and came up with a trade that looked good in a "No risk" mindset it is almost always better then once the trade is on.


Think about it, why change it once you put the trade on? What changed? You have to remember that the "pros" will look at the charts and they know what they need to do to shake out the weak hands aka YOU.

Hope everyone that plays the 5min got that 1 pb short, that's I have seen been kinda slow.

I use 3 different computers, with Oanda I just use price the others use FXPro and have them. Just keeps it easier to see the stops and such.

Stop @ cost, target for me is 1.44

Good trend, lots of traffic. You should be okay but I am going to pass on this one

Out @ 1.4715 +256 or 6%. I do have to say I KILLED that exit! Man I love it when I nail it lol

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Says Mr 2000 tick

Nice chart Jim, always nice to see how others play it. For me that would be a long term trade

I took a daily PB short that someone posted up a chart and rode it about 20 hours, I really forgot about it then closed it for +256 or 6%. I do like seeing those nice runs and you can live nice off 6% a month

Put this on, went to the gym came home Mo-Money!

Okay the thought process behing this, we have RSI divergence with a triple top. Also check out the huge up resistance on the 30min and 4hr. Also I wanted to make sure I could get +20 on it, and when I was looking at it I was thinking it would be close and it was, remember the pros are going to run it to a new low if it runs or it will hit it and move up. Most of the time when i take these my target is right at the low or resistance just like on the Daily short I took.

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PRINT THIS OUT AND PUT IN ON YOUR SCREEN.

I may screw around looking for my +20 targets but risk rules the trade, if I can get into a trade with a 8-12pip stop and 20 target I am all for it, look over my past trades and you will see I never let it hit my +20 unless it's news. All about risk here guys.

Okay here is my day 1 trade 5min done. I also got a few PM's from others that took the same trade, GREAT JOB!

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I trade off of 2 accounts, DBFX and Oanda. Also how much money do you have in your checking accout? I will not post that it has nothing to do with what I do at all. I show you the charts to make a point that I do trade it, now people want to see my account balance? What's next my dick size? lol

lol typo, fixed it

I do split trades, 50% Oanda 50% DBFX. I used to trade with interactive brokers in 1999-2005. They crashed and I had nothing I could do even by phone for 2 hours. Now I use 2 brokers just to hedge my risk.

As far as a trade off, I really have nothing to prove.

P.S. Strong 2nd post asking for someone to post up a account balance.

scratchy,

I have been doing this many years, lot of people such as yourself come on and say how good they do. I hope you are doing this well because to be honest I love to see people make money, I love getting PM's that say "Thanks Ryan" because after you have all the money who cares right?

You came off pretty harsh man asking in your 2nd post to see my account balance. Do this post some real-time stuff not after the fact and show how and why you are doing it. Also screen shot you Oanda accout and lets make sure it does not say "Demo" on the top okay?

Best of luck to you, why I wanted to see a screen shot of your Oanda is because It shows where you got in and got out of trades. To me the making money is easy once you learn how to trade.

I have been cooking up a storm today! When it's slow I cook and goto the gym, I know Mike drinks.... A LOT when its slow lol j/k

Good charts guys, I will post once I trade some more down the road. Going to take two weeks off here for T-Day and will be back after that.

I hope these workout for ya, this news and 4-600 point swings keeps me flat every night.

450ps is nothing if it's $100.

Also no need to bash others on the way they trade, I do the 5min because it works for me. Let me know when 20 pips = $30,000 then you can say what I do is a waste of time.


Also I don't need a life I don't have to work unlike others.

Ya not bad today, +60k but "I don't have a life" because I watch 5min charts. But it could be worse I could have to goto work tomorrow or run some crappy online booking site.

Keep up the good work, maybe someday you can quit that fulltime IT job and not have to work on that booking site as well. I keep busy with video games and trade the 5min. Yes it's a fulltime job but I think I will keep it

Not a bad day today. Trend was down so it was shorts today. I was busy working on some 3min stuff.

Have a great T-Day!

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Yep lots of them show up, I am working with a group of people getting ezlang setup so I can "Have a life" and let it trade for me. Yes this can be programmed

Let the pros play the 5min, you stick to that 1hr+ stuff lol j/k

Have a good one

Not much going on today, but I did just get up.

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+2% so far, prob going to call it a day. As I said BB = Flat nice PB on 3min, rsi divergence on both 3min and 5min = take the trade.

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That's what I did with the 3/5min stuff, it made money before with just the RSI divergence and BB but once you add some price action you get that 60% winners to 80% and it's nice.

Not trying to be a smartass here but if price is up then it's a up day, down and it's a down day. THIS is why so many people fail, they have 100+ lines and all kinda other crap trying to see something any 5 year old or anyone can see. If it opens up and price it hitting or has hit the upper BB it's up and the bottom BB it's down. Easy stuff here but most need to be told this this and this take the trade, no cookie cutter system or setup is like that. It's like playing the drums, sure you can play it but the "Feeling" is what makes someone great.

Well you will be wrong 2 times, at the top and at the bottom. Most runs with the trend you get 1-3 maybe 5 times to get in, yes I have been on the last hit but the odds are with you. I will post a chart in 1 min.

Well nice way to start the week Also I moved my risk to 15/15 because the swings are not as big as they have been. 20/20 still would of worked though right Nick?

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Short again

Yep I see it on that chart as well.

out +3 lol, guess it's not ready to go down anymore yet

What I like to see is the bar that I am trading move FAST, if it screws around I am out. Also if you are right you know it in 2-3 min.

I was thinking long at the bottom due to the 3min but not going to mix CT and Trend trading it gets too messy.

Also you can see the RSI divergence pretty easy, follow the red dots lol

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It's easy to post when your not fixing a broke server, or working the phones trying to sell someone a trip.

I don't mess with the UJ, also EVERYTHING asked has been posted, you need to read the thread.

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ALSO NOTE!!!! If you have never traded real money, or are just starting out do NOT screw around with the 5min stuff, this is for people that understand how the market moves and can trade the 4hr 1hr 30min and make money. Don't waste your time on the 5min if you can not trade the higher times or at least understand how and why price moves.

I never goto the 1min, that will just shake you outa a trade. For me when I get in the trade I know why and what I am looking at, the 1st short I took today was easy. Resistance at the tail of the PB, with the trend, nice PB at the Mid BB in trend rsi low.

The 2nd short I took I wanted it to take out 1.2608 and take out the tails of the last move down, when price tested that and came back I knew it was bad news so I bailed.

Price almost ALWAYS tests the last high/low because that's where the stops are at and why people lose most of the time and why PB's work. PB's run the stops or shake out 99% of the people that do not know whats going on.

Why I love the 3min

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Yep it's the Eur / Bonds / GBP have to have fun with the names lol

Take care everyone, I am done posting on here. I will say a few ppl have been great like Mike and James. Don't PM me as I will no respond. Not really sure why I was helping random people that 1/2 ass trading on a internet forum anyway lol


Cya
Ryan