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-   -   With Only 180 Minutes a Day for this Forex Crap, How Far Does Luck Go? (https://www.forexfactory.com/showthread.php?t=415148)

Chi Mar 12, 2013 8:00pm | Post# 1

With Only 180 Minutes a Day for this Forex Crap, How Far Does Luck Go?
 
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Hi I don't mean to step on anyone's toe, but while having other daily task going, 3 hrs is pretty much ALL I can squeeze.

I am open minded, so please feel free to drop couple lines to share some of your thoughts.

Goal, One Goal ONLY

Monthly Gain: 5%-15% Monthly Gain
Maximum Draw Draw: <10%
Profit Factor: >2.00


On the Strategy Side of my Trading

Trade on key news number release
Trade on fundamental events
Trade on momentum

As for the trade thoughts, below is where you may see my notes.

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Notes are under "Trade List".

As for other composed trade showcases, feel free to visit my blog site.

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www.junestormblog.com

Trade Length

Carry trade on daily, hold as far as it goes
Swing trade on 1h - 4h, hold NO longer than 5 days
Scalping trade on 1m - 30m, close before 0:00 GMT

Carry/Swing Trade Short Option
EURAUD / GBPAUD / GBPNZD

Carry/Swing Trade Long Option
AUDUSD / AUDJPY / USDJPY

Swing/Scalping Trade Option
USDJPY / EURUSD

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Oh, this is how my trade station looks like

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Okay now... let's see how far my luck goes.

Chi Mar 12, 2013 8:15pm | Post# 2

Got the explorer and poll posted as well.

Let's have some fun!

krmo Mar 12, 2013 8:25pm | Post# 3

Depending on when those 180 minutes are you could go two ways.
1. Find a good scalping method were you take 5-8 pips 3 to 5 trades (remember to include the spread).
Use high leverage - 1 Standard Lot ($10 dollars per pip) x 5 pips = $50 x 3 trades = $150 per day.
2. Trade a high time frame like 4 hour or Daily. You can watch several pairs for setups. Set pending orders with stops and monitor daily. Should take about 60 minutes to analyse and manage 6-8 pairs.

Just a thought.

Good luck and happy pips!

Danny Maina Mar 13, 2013 9:10am | Post# 4

180 minutes at full concentration should be enough for a day.
lower the time frame to M15 or M5.
High lot size ( standard).
your hand on the mouse, take profit after every 15 pips and
loss at 20-25.
You should manage a couple of winners maybe upto 100 pips daily.
That should be enough cash for three hours work.

Chi Mar 13, 2013 9:22am | Post# 5

Depending on when those 180 minutes are you could go two ways.
1. Find a good scalping method were you take 5-8 pips 3 to 5 trades (remember to include the spread).
Use high leverage - 1 Standard Lot ($10 dollars per pip) x 5 pips = $50 x 3 trades = $150 per day.
2. Trade a high time frame like 4 hour or Daily. You can watch several pairs for setups. Set pending orders with stops and monitor daily. Should take about 60 minutes to analyse and manage 6-8 pairs.

Just a thought.

Good luck and happy pips!
These are some good points, Krmo. Thanks.

Chi Mar 13, 2013 9:27am | Post# 6

180 minutes at full concentration should be enough for a day.
lower the time frame to M15 or M5.
High lot size ( standard).
your hand on the mouse, take profit after every 15 pips and
loss at 20-25.
You should manage a couple of winners maybe upto 100 pips daily.
That should be enough cash for three hours work.
...
100 pips sounded great; however I am still learning how to cut the lose quick XD
I just had so much bad experience to let the loser RUN in the pass sigh.

Chi Mar 13, 2013 9:59am | Post# 7

another market watch day.
http://fs.ilegendsoft.com/files/2013...f2a7f6f38c.jpg

Danny Maina Mar 13, 2013 10:41am | Post# 8

100 pips sounded great; however I am still learning how to cut the lose quick XD
I just had so much bad experience to let the loser RUN in the pass sigh.
Ouch! to that Chi.
Place your stop loss when opening the order,
you can omit the take profit and trail you
profit.

Chi Mar 13, 2013 10:55am | Post# 9

Ouch! to that Chi.
Place your stop loss when opening the order,
you can omit the take profit and trail you
profit.
Danny, yeah later on I learned to take profit and moved stop to break-ever and so on. I felt pretty good about it ever since, and right now i am just trying to master the timing either i should move it to the break-even or just close it all when the section is over.

PipPirates Mar 13, 2013 10:37pm | Post# 10

Well, 3 hours is enough time to make good amount of money from forex. If you can't give lots of time in trading, you can do position trading, which is pretty handy for busy guys, or you can set up pending orders not just with price also with times, many broker has that kind of pending orders. Forex has total 15 types of orders including off line trail stop. So, you can use it according to your needs. You can set up mobile price alert or news alert too. No need to stick in front of computer all the time. Be free!

sam69 Mar 14, 2013 12:05am | Post# 11

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Hi I don't mean to step on anyone's toe, but while having other daily task going, 3 hours is pretty much ALL I can squeeze.
I am a pretty open minded person, so please feel free to drop couple lines to share some of your thoughts.

now... let's see how far my luck goes. =)
hi,
not 3 hours but 3 minutes are enough,see this: (simply place buy order by first touch and close above level and sell order by first touch and close below level on 4h tf,with sl and tp@next level)

1.BUY@1.3283, SL@1.3163, TP@1.3403 =>TP hit
2.BUY@1.3403, SL@1.3283, TP@1.3523 =>TP hit
3.BUY@1.3523, SL@1.3403, TP@1.3643 =>TP hit
4.SELL@1.3643, SL@1.3763, TP@1.3523 =>TP hit
5.SELL@1.3523, SL@1.3643, TP@1.3403 =>TP hit
6.SELL@1.3403, SL@1.3523, TP@1.3283 =>TP hit (SL failed by 3 pips)
7.SELL@1.3283, SL@1.3403, TP@1.3163 =>TP hit
8.BUY@1.3163, SL@1.3043, TP@1.3283 =>TP hit
9.SELL@1.3283, SL@1.3403, TP@1.3163 =>TP hit
10.SELL@1.3163, SL@1.3283, TP@1.3043 =>TP hit
11.BUY@1.3043, SL@1.2923, TP@1.3163 =>SL hit (TP failed by 2 pips)
12.SELL@1.3163, SL@1.3283, TP@1.3043 =>TP hit
13.SELL@1.3043, SL@1.3163, TP@1.2923 =>TP hit
... and now BUY@1.2923, SL@1.2803, TP@1.3043...
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Chi Mar 14, 2013 1:39am | Post# 12

hi,
not 3 hours but 3 minutes are enough,see this: (simply place buy order by first touch and close above level and sell order by first touch and close below level on 4h tf,with sl and tp@next level)

1.BUY@1.3283, SL@1.3163, TP@1.3403 =>TP hit
2.BUY@1.3403, SL@1.3283, TP@1.3523 =>TP hit
3.BUY@1.3523, SL@1.3403, TP@1.3643 =>TP hit
4.SELL@1.3643, SL@1.3763, TP@1.3523 =>TP hit
5.SELL@1.3523, SL@1.3643, TP@1.3403 =>TP hit
6.SELL@1.3403, SL@1.3523, TP@1.3283 =>TP hit (SL failed by 3 pips)
7.SELL@1.3283, SL@1.3403, TP@1.3163 =>TP hit
8.BUY@1.3163,...
good trades Sam, i hope i can do as well as you do.

Chi Mar 14, 2013 2:26pm | Post# 13

Made several mistakes and lost all gains from earlier, and guess what happened next?


I enlarged the risk by 10 times on the AUD/JPY 100.00 mark faded away trade... and won.

my luck stays today...

sam69 Mar 14, 2013 10:03pm | Post# 14

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... and now BUY@1.2923, SL@1.2803, TP@1.3043...[/quote]

...last eu trade almost @tp...
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Chi Mar 14, 2013 10:07pm | Post# 15

... and now BUY@1.2923, SL@1.2803, TP@1.3043...


1h bar closed above 1.300 7 minutes pass the clock.

I see what's going on here, Sam.

Slim Buffett Mar 14, 2013 10:36pm | Post# 16

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180 minutes per day

This is interesting in that one needs to decide
who their true lover might be

And when you decide what are you giving up
to receive a little of the other

180 minutes. It might be all you need
to achieve the best of both ???

180 minutes of COMPLETE LUCIDITY
?
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Chi Mar 15, 2013 12:29am | Post# 17

Love how friends here vote for 2nd option.
Make me laugh, but maybe they see something i don't see.

thanks for the vote tho

Chi Mar 15, 2013 12:34am | Post# 18

180 minutes per day

This is interesting in that one needs to decide
who their true lover might be

And when you decide what are you giving up
to receive a little of the other

180 minutes. It might be all you need
to achieve the best of both ???

180 minutes of COMPLETE LUCIDITY
?
love how you rap .

P.Dean Mar 15, 2013 2:45am | Post# 19

If it's crap why even bother, go do something else pal.

Chi Mar 15, 2013 4:22am | Post# 20

If it's crap why even bother, go do something else pal.
P.Dean, I admit sometimes I really hate it.

But if I quit today, I quite everyday in my life. And this is not my ego talking.

Chi Mar 15, 2013 1:37pm | Post# 21

Updates some areas in the first post including,

general strategy
goal
showcase link

and I am calling the week.

Chi Mar 16, 2013 7:56pm | Post# 22

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Too early for a GBP rebound while AUD is still running strong.
Took the chance short it at 1.4600 and target 1.4400


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Worked well this time.

Chi Mar 18, 2013 5:32pm | Post# 23

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Continue on SHORTING GBPAUD on its Monday's Gap.


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Pocket 10% gain.


Target 1.4500 / 1.4400

Chi Mar 19, 2013 1:43pm | Post# 24

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Short and Long at GBPAUD 1.4550 zone

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Chi Mar 19, 2013 2:18pm | Post# 25

Speaking of which, 15% monthly target is hit, I would probably cool off a bit till April.

Chi Mar 22, 2013 12:43pm | Post# 26

Pocket 8% this week.
Probably will continuing longing the GBPUSD pair next week after it pass 1.5200 this morning.

Have a good weekend.

Chi Mar 25, 2013 12:09pm | Post# 27

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+7%, one hella home run today
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Chi Jun 6, 2013 4:04pm | Post# 28

Following up on the recent USDJPY move,
http://junestormblog.com/usdjpy-going-beyond-100/

Chi Jun 7, 2013 10:05pm | Post# 29

USDJPY 500 pips slide ends with a better than expected NFP today 6/7/2013.
http://junestormblog.com/usdjpy-going-beyond-100/

Saw this 500 pips drop coming on 5/31.

Chi Jun 11, 2013 9:31pm | Post# 30

[highlight=rgba(255, 255, 255, 0)]Latest trade on 100 pips USDJPY slide last night.[/highlight]
[-webkit-auto][highlight=rgba(255, 255, 255, 0)]http://junestormblog.com/usdjpy-100-pip-on-eur-section/[/highlight][/-webkit-auto]

RBlackburn Jun 11, 2013 10:06pm | Post# 31

You seem to be doing fine without any advice... Good luck...

Chi Jun 13, 2013 3:59am | Post# 32

So here's a better than expected AU job report. And I am thinking about a possible AUDUSD comeback. Any thought?
AUD's Return

Chi Jun 13, 2013 4:01am | Post# 33

You seem to be doing fine without any advice... Good luck...
Thanks. I am just doing what i can to keep my head high. =)

Danny Maina Jun 13, 2013 5:40am | Post# 34

He Chi,

So far how is the 180 minute trading day working for you?

timos Jun 13, 2013 6:57am | Post# 35

This has nothing to do with luck.There is no luck.Just you.Only you can do it. Keep it going.
Wish you many many Green Pips!

Chi Jun 13, 2013 11:44am | Post# 36

So after the initial post on the return on AUDUSD hours ago, a over 100 pips RALLY was taken place couple hours later.

Xela Jun 13, 2013 1:48pm | Post# 37

One Goal ONLY Monthly Gain: 5%-15%
You have 3 hours per day to spend on this, but you want results that way outperform most of the top floor traders at Goldman Sachs, all of whom have put in their "10,000 hours experience" to become at least proficient, if not expert? Well, nothing is impossible.

It was interesting to see the photo of your trading screens. You have plenty of indicators there, though I can't see exactly what they all are. For myself (and doubtless my approach was and is completely different from yours, and I don't suggest that says anything either good or bad about either of us - it's just "how it is") I didn't manage to be steadily profitable until I learned to give up all those indicators.

Okay now... let's see how far my luck goes.
I wish you plenty of that. Please excuse the observation that on the basis of what you've shared with us so far, I suspect that you may have a long and not-totally-smooth path ahead of you.

Chi Jun 13, 2013 5:44pm | Post# 38

AUDUSD continue rallying through the 0.9600 level. Here is another trade on the 0.9600 level, 50 pips breakout.

Chi Jun 19, 2013 2:53pm | Post# 39

Moving to my new trade home office. No trading till next week. Tks and good luck.

DizzleFX Jun 20, 2013 9:15am | Post# 40

Moving to my new trade home office. No trading till next week. Tks and good luck.
Absolute best to you! Hope the new Home/Office brings even more pips.


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