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M15 Trading Method (help required!)

  • #681
  • Dec 8, 2011 10:52am Dec 8, 2011 10:52am
AUDUSD Long down, here see attached chart.


Low of the bottom range and sitting on the 1300ema, and in a uptrend ignoring this news related madness.

Odds on hitting the 50SL Low, taking the 2nd position moderate.


Even if it does hit SL I'm still up $12 so playing for free, kinda


CRAZY DAY makes up for the slow market we've had recently atleast.
Attached Image (click to enlarge)
Click to Enlarge Name: AU Long.jpg Size: 280 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #682
  • Dec 8, 2011 12:38pm Dec 8, 2011 12:38pm
Well I thought I was boned for AU for a while there, 6 pips below BE with the power of averaging down.

Fingers crossed on a run into well midnight / tomorrow am, 100pips on each especially AU COME ON!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #683
  • Dec 8, 2011 12:41pm Dec 8, 2011 12:41pm
Quoting Turveyd
Well I thought I was boned for AU for a while there, 6 pips below BE with the power of averaging down.

Fingers crossed on a run into well midnight / tomorrow am, 100pips on each especially AU COME ON!!!
u sure about that turv?

i
Have I got something on my face, SOLDIER?
  • #684
  • Dec 8, 2011 12:46pm Dec 8, 2011 12:46pm
Quoting bumapatria
u sure about that turv?

i
well, NO, I have no way to predict the market, I'm just playing my setup +10pips here currently so it's looking okay.



+5 + 15 -8 and moving.

No big selling wave at 6:30, Chop and gentle drift up into AU and NZ's open later is what I expect.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #685
  • Dec 8, 2011 1:16pm Dec 8, 2011 1:16pm
Getting surer, so leaving on and off to the gym to look at the ladies!!

NZ's looks better, but 90% the same movement wise, upped lots to $0.4 per pip to


BONED!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #686
  • Dec 8, 2011 4:02pm Dec 8, 2011 4:02pm
Missed a nice blip while out drattts, that woulda done nicely.


Errrmmm, dunno here, NZDUSD is okay, but AUDUSD is kinda risky.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #687
  • Dec 8, 2011 4:53pm Dec 8, 2011 4:53pm
Hmmm, other ###USD pairs are selling off here, but AU and NZ are holding steady, hopefully when the other pairs bounce I'll catch some upside and get out +.

Just got to -$2 bet I regret not taking that!!


Shame I missed the blip, knew it would go up short cover rally, but didn't expect it to be so short lived, which means selling.

Odd!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #688
  • Dec 8, 2011 5:59pm Dec 8, 2011 5:59pm
Tis moving, BE here, abit sad exiting for BE after all this though.


just turning up just got some buyers, Aus and Nzd trading started I guess, we shall see.



I have a weird mental block at $400, I've creamed my account so many times from this level it's just untrue, I push to hard to get past it over think it and slaughtered, I've never had the forex account over $400, I've ran to from $70 to $398 in no time but never, $40 shy here.

Back when I was trading options, I couldn't get over $6000, it wouldn't do it, I'd withdrawl $2000 and straight back to $6000 and stuck for ages, WEIRD.

Holding, watching, not leaving on over night I guess.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #689
  • Dec 8, 2011 6:24pm Dec 8, 2011 6:24pm
Action is rubbish, it'll likely chop around, so out +$12 thats 3.3% I guess, better than most people do ever


16% on the day, NICE


How's my account performance looking, kinda stuck in the $300 - $400 range which SUCKS!!

I'm $4 down from 16th November which is 3 weeks with no progress

They are going higher, but I stuck to my get to +$10 area and just don't push it cause gambling here 100% could very easily go lower.

But still +270% in 2 1/2 months is pretty good.

Crack the $400 area I hope soon, then add more cash Jan area, then hopefully hit my wage level for end of April if work doesn't get in the way to much.
Attached Image (click to enlarge)
Click to Enlarge Name: account 9th Dec.jpg Size: 63 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #690
  • Dec 9, 2011 2:44am Dec 9, 2011 2:44am
Glad i bailed

The problem is if you dont get a quick result then the range whichs makes it hard to get to your sl moves down opening up a chance for the market to go lower.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #691
  • Dec 9, 2011 2:48am Dec 9, 2011 2:48am
Quoting Turveyd
Glad i bailed

The problem is if you dont get a quick result then the range whichs makes it hard to get to your sl moves down opening up a chance for the market to go lower.
hey turv u like widening stops?

care to share why widen?
Have I got something on my face, SOLDIER?
  • #692
  • Dec 9, 2011 2:51am Dec 9, 2011 2:51am
Quoting Turveyd
Action is rubbish, it'll likely chop around, so out +$12 thats 3.3% I guess, better than most people do ever


16% on the day, NICE


How's my account performance looking, kinda stuck in the $300 - $400 range which SUCKS!!

I'm $4 down from 16th November which is 3 weeks with no progress

They are going higher, but I stuck to my get to +$10 area and just don't push it cause gambling here 100% could very easily go lower.

But still +270% in 2 1/2 months is pretty good.

Crack the $400 area I hope soon, then add more cash Jan area,...
great job turv

believ it or not s/r and fibs work on equity curves.

n o joke
Have I got something on my face, SOLDIER?
  • #693
  • Dec 9, 2011 3:10am Dec 9, 2011 3:10am
Quoting bumapatria
hey turv u like widening stops?

care to share why widen?

I don't widen the stops, just my middle 66 something ma line comes down, lowering the range which means the market can then hit my sl fairly easily.

I don't predict, I'm all about probability of SL being hit if it's really low I get in, at -25 I double up my position, at -50 I call it a day.

I think I'm on 18 trades ( a trade may be 2 or 3 positions ) and only 3 losses, 2 of those where counter trend which lowers my win rate badly.

So it rarely loses, but when it does it's a chunk of change, but when it loads up the 2nd position then runs thats also very nice.

Still a bit of a works in progress but that's the theory.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #694
  • Dec 9, 2011 3:15am Dec 9, 2011 3:15am
Quoting Turveyd
I don't widen the stops, just my middle 66 something ma line comes down, lowering the range which means the market can then hit my sl fairly easily.

I don't predict, I'm all about probability of SL being hit if it's really low I get in, at -25 I double up my position, at -50 I call it a day.

I think I'm on 18 trades ( a trade may be 2 or 3 positions ) and only 3 losses, 2 of those where counter trend which lowers my win rate badly.

So it rarely loses, but when it does it's a chunk of change, but when it loads up the 2nd position then runs...

oh i thought u were going to answer the professional way by saying :

I WILL NOT LOSE!



great job on the planning
Have I got something on my face, SOLDIER?
  • #695
  • Dec 9, 2011 3:39am Dec 9, 2011 3:39am
Quoting bumapatria
oh i thought u were going to answer the professional way by saying :

I WILL NOT LOSE!



great job on the planning
lol think thats the mans way.

I did widen AU last night to -75 and a 3rd position at -50 but thats another story, -50 didn't hit though, I do hate losing.

I used to trade how you trade, scalping momentum based, had some good runs and bad runs, to stressful so I generally burn out and balls it up and no time, he says on the netbook in bed watching tv
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #696
  • Dec 9, 2011 6:14am Dec 9, 2011 6:14am
Need to get this to a wage level ASAP, clients are turning more and more political and pains in the asses.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #697
  • Dec 9, 2011 3:20pm Dec 9, 2011 3:20pm
AU Explained, why I bailed as it had the potential to go lower, while staying within the range.

The yellow dotted lines, 50pips above and below my nice FAT bid line for poor eyes are where my SL is, don't trade unless thats outside of the biggest Envelope range.


+6.8% on the week, first trade put me 9% down so atleast i recovered that.

Lack of time, useless market conditions until Thursday and wasn't in the mood to care today leaves me a long way of the 30% ish per week I want.
Attached Image (click to enlarge)
Click to Enlarge Name: Hope this explains better.jpg Size: 323 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #698
  • Dec 12, 2011 6:57am Dec 12, 2011 6:57am
Only possible trade on the table is GBPJPY, SL would be at risk here need it nearer te 122.00 figure, watching.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #699
  • Dec 12, 2011 7:16am Dec 12, 2011 7:16am
Quoting Turveyd
Only possible trade on the table is GBPJPY, SL would be at risk here need it nearer te 122.00 figure, watching.
gbpyen is a demon turv hows u doing with her?
Have I got something on my face, SOLDIER?
  • #700
  • Dec 12, 2011 7:22am Dec 12, 2011 7:22am
Quoting bumapatria
gbpyen is a demon turv hows u doing with her?
Just checked, not traded it this year liikely never has.

It respects it's range well, but it's range is huge likely need a bigger SL or atleast a more efficient entry.

Watching EU for buying signs to, she's firming up but RISKY here. 75SL, average down at -25 and -50 and I'd give you a 97% win rate, 50SL drops to 60% win rate.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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