The REAL Traders Video Journal, 3-5% per month as a US trader | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Real traders hedge and martingale - Be a real trader 0 replies

Real traders, real money 80 replies

Monthly Gains Journal - 10-20% Per Month 6 replies

My 324% per month Journal 79 replies

2010 Journal Experiment: Average 15-30% Per Month With Minimum Draw Down. 13 replies

Attachments: The REAL Traders Video Journal, 3-5% per month as a US trader
Exit Attachments

The REAL Traders Video Journal, 3-5% per month as a US trader

  • #201
  • Jul 24, 2017 11:17am Jul 24, 2017 11:17am
Quoting stevepatt
GBP/CAD M30 Observations {image}
GBP/CAD M30/D1 Observations

A way to try and avoid getting caught on the wrong side of an extended move is to check a HTF to see what Price is doing.

GBP/CAD has been falling for nearly 3 Months it's best to avoid taking entries into No Mans Land at Swing Lows.

Wait for a PullBack and make sure Profit can be taken well before the Swing Low is reached.

Also pay close attention to market Structure LH - LL ect

Notice how GBP/CAD has, so far, failed to make a Lower Low be cautious going Short in this situation.

It's just something to be aware of before getting into Trades.

I missed the setup I highlighted easier, I was working.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24th July 17 GBP:CAD D1 Observations.png Size: 128 KB
Click to Enlarge Name: 24th July 17 GBP:CAD M30 Observations.png Size: 141 KB
  • #202
  • Jul 24, 2017 4:02pm Jul 24, 2017 4:02pm
GBP/JPY M30 Sell Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 24th July 17 GBP:JPY M30 Sell Trade.png Size: 108 KB
  • #203
  • Jul 25, 2017 2:05am Jul 25, 2017 2:05am
Quoting xoxo12
{quote} would you like to share your inside bar indicator?
Here it is
Attached File(s)
File Type: ex4 IBv3.ex4   10 KB | 375 downloads
  • #204
  • Jul 25, 2017 2:07am Jul 25, 2017 2:07am
Quoting osfx
{quote} Here is an updated version of this indicator, that offers the option to display overbought/oversold values in a different color. In addition, a HTF version, which uses the former one as data source. The screenshot shows both indicators in action. Regards, Oliver {file} {file} {image}
Thanks osfx

What about mt4 version?
  • #205
  • Jul 25, 2017 2:19am Jul 25, 2017 2:19am
Quoting stevepatt
GBP/JPY M30 Sell Trade {image}
Awesome trading bro.Another IB trade near.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-07-25_1316.png Size: 42 KB
Click to Enlarge Name: 2017-07-25_1317.png Size: 39 KB
  • #206
  • Jul 25, 2017 2:54am Jul 25, 2017 2:54am
Quoting saad007
{quote} Thanks osfx What about mt4 version?
I stopped MQL4 development, when I shifted to MQL5, but I will prepare the source code and share it here. Maybe there is someone here around to translate the code to MQL4.

Regards, Oliver
  • #207
  • Jul 25, 2017 2:58am Jul 25, 2017 2:58am
Quoting stevepatt
{quote} GBP/CAD M30/D1 Observations A way to try and avoid getting caught on the wrong side of an extended move is to check a HTF to see what Price is doing. GBP/CAD has been falling for nearly 3 Months it's best to avoid taking entries into No Mans Land at Swing Lows. Wait for a PullBack and make sure Profit can be taken well before the Swing Low is reached. Also pay close attention to market Structure LH - LL ect Notice how GBP/CAD has, so far, failed to make a Lower Low be cautious going Short in this situation. It's just something to be aware...
Good considerations around this method, which an EA is certainly not capable of !
  • #208
  • Jul 25, 2017 3:28am Jul 25, 2017 3:28am
Quoting osfx
{quote} I stopped MQL4 development, when I shifted to MQL5, but I will prepare the source code and share it here. Maybe there is someone here around to translate the code to MQL4. Regards, Oliver
I am sure someone will do.Thanks for your effort.
  • #209
  • Jul 25, 2017 10:03am Jul 25, 2017 10:03am
Hi guys and gals,

Just posted an update. Sorry for being so quiet lately. I've decided to go a bit more private since my thread here started picking up more traction. I withdrew my funds from LMFX. My total profit there was $6949 after just 2 months. I'm now moving to MaverickFX, a proprietary firm based out in Utah. I've done business with them before. Great company. See my new video update to get the full story on why I left LMFX.

Inserted Video
  • #210
  • Jul 25, 2017 11:08am Jul 25, 2017 11:08am
Quoting Cubbybgood
Hi guys and gals, Just posted an update. Sorry for being so quiet lately. I've decided to go a bit more private since my thread here started picking up more traction. I withdrew my funds from LMFX. My total profit there was $6949 after just 2 months. I'm now moving to MaverickFX, a proprietary firm based out in Utah. I've done business with them before. Great company. See my new video update to get the full story on why I left LMFX. https://www.youtube.com/watch?v=_1AX...ature=youtu.be

Awesome! Cubby...don't late the haters get to you, you've been an inspiration to a lot of us. Glad you are back! Keep the videos coming.
"All the money is made between the lines"
  • #211
  • Jul 25, 2017 11:32am Jul 25, 2017 11:32am
Quoting Cubbybgood
Hi guys and gals, Just posted an update. Sorry for being so quiet lately. I've decided to go a bit more private since my thread here started picking up more traction. I withdrew my funds from LMFX. My total profit there was $6949 after just 2 months. I'm now moving to MaverickFX, a proprietary firm based out in Utah. I've done business with them before. Great company. See my new video update to get the full story on why I left LMFX. https://www.youtube.com/watch?v=_1AX...ature=youtu.be
Awesome work
Thank you I really appreciate your help.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 49 KB
  • #212
  • Jul 26, 2017 1:08am Jul 26, 2017 1:08am
Quoting Cubbybgood
Hi guys and gals, Just posted an update. Sorry for being so quiet lately. I've decided to go a bit more private since my thread here started picking up more traction. I withdrew my funds from LMFX. My total profit there was $6949 after just 2 months. I'm now moving to MaverickFX, a proprietary firm based out in Utah. I've done business with them before. Great company. See my new video update to get the full story on why I left LMFX. https://www.youtube.com/watch?v=_1AX...ature=youtu.be

Hi Ryan,

Your journal has given me a different way to look at my Trading.

I was too focused on Risk:Reward and trying to get a laser entry with a very tight SL.

My focused is still Price and Market Structure around Whole and Half numbers but I am now willing to allow more room for Trades to develop.
  • #213
  • Jul 26, 2017 1:30am Jul 26, 2017 1:30am
GBP/CAD M30 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 26th July 17 GBP:CAD M30 Observations.png Size: 125 KB
  • #214
  • Jul 26, 2017 3:25am Jul 26, 2017 3:25am
Quoting saad007
{quote} Awesome work Thank you I really appreciate your help. {image}
Trade update
Closed with 42+pips
and another buy entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-07-26_1421.png Size: 40 KB
  • #215
  • Jul 26, 2017 3:28am Jul 26, 2017 3:28am
Quoting stevepatt
GBP/CAD M30 Observations {image}
Got a buy entry and B.E
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-07-26_1426.png Size: 44 KB
  • #216
  • Jul 26, 2017 4:56am Jul 26, 2017 4:56am
Quoting saad007
{quote} Trade update Closed with 42+pips and another buy entry. {image}
Closed.Possible reverse zone.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 41 KB
  • #217
  • Edited 7:06am Jul 26, 2017 6:31am | Edited 7:06am
Quoting stevepatt
{quote} Hi Ryan, Your journal has given me a different way to look at my Trading. I was too focused on Risk:Reward and trying to get a laser entry with a very tight SL. My focused is still Price and Market Structure around Whole and Half numbers but I am now willing to allow more room for Trades to develop.

I'm happy to here this!

Most people get hung up on risk/reward. We were all taught early on that good risk/reward management was letting your winners run and cuting your losses short. I later found out that was complete crap. At least it was in today's market. All the tools available to retail traders are old and outdated. This garbage just keeps getting recirculated or repackaged. It's awful to see this keep happening.

You will notice that the best systems can give the best trades but they can also give the worse possible trades ever as well. You know, the trades that pretty much hit SL right away. Us traders (me included) spend way to much time on trying to find the best entry when the best entry just doesn't exist. We can only say it was the best entry in hindsight which in my eyes isn't useful.

Some powerful tools in today's trading are...
1. Giving your trades space to correct. Not to much space though. We can't hold onto trades forever. There needs to be a time we let go and move on. Basket trading helps with this kind of trading.
2. Discretion. This is a really powerful tool. It can also be a complete nightmare because it's up to us to make the best calls. Discretion can be grossly inconsistent but I've seen some traders use it successfully for many many years in a row. Building a good discretion technique is not easy. A good place to start is by understanding WHY price moves the way it does.

Anyway, glad you like the videos.
  • #218
  • Jul 26, 2017 9:50am Jul 26, 2017 9:50am
Quoting osfx
Lsst week, I started backtesting my EA on MT5. As a reference for further tests, I run a test with Ryan's original settings. You'll find the results Pictures 1 and 2. They are pretty similar to those Ryan showed us in his videos. During my tests, I came across two points, that are important to know especially with this system: Be careful with the testing modes "1 Minute OHLC" and "Open prices only" Especially the 1-minute-OHLC-mode (Control points in MT4) is an artifical construct and leads to much better results than real trading would offer. Look...
Hey so I've been thinking of the same, is there anyway to avoid this?
Such as the "AntiSpikeMode" on traderagent?

Also, if someone would be kind to confirm TP setting on TradeAgent.
I know through Cubbys video he enables a .5% Close all positions option, or something to that extent... Is it possible just to have that 50 pip target for all those trades? I'm unclear of this.
  • #219
  • Jul 26, 2017 10:25am Jul 26, 2017 10:25am
Quoting Cubbybgood
{quote} I'm happy to here this! Most people get hung up on risk/reward. We were all taught early on that good risk/reward management was letting your winners run and cuting your losses short. I later found out that was complete crap. At least it was in today's market. All the tools available to retail traders are old and outdated. This garbage just keeps getting recirculated or repackaged. It's awful to see this keep happening. You will notice that the best systems can give the best trades but they can also give the worse possible trades ever as...
Such a breath of fresh air!
  • #220
  • Jul 26, 2017 11:58am Jul 26, 2017 11:58am
Quoting saad007
{quote} Closed.Possible reverse zone. {image}
AUDCAD worse exit.Missed PB rejection.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-07-26_2251.png Size: 62 KB


EURGBP new entry running
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-07-26_2246.png Size: 40 KB
0 traders viewing now