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

  • #261
  • Aug 1, 2017 1:03am Aug 1, 2017 1:03am
GBP/CAD M30 Short Trade
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  • #262
  • Aug 1, 2017 1:26am Aug 1, 2017 1:26am
Quoting Cubbybgood
{quote} What's highlighting candles? I don't use an indicator to highlight my setup. I don't use the GBPJPY. I'm not sure how well this pair works in the longer term but with discretion, I'm sure it could work. Stevepatt is taking a bit more liberty with his positions by taking more factors than just an inside candle setup with the RMI like my EA does. I'm not apposed to what he's doing as there is room for interpretation when manual trading. My EA follows a rule base but when I trade my strategy manually, I do watch for other things other than...

Hi Ryan,

I don't know how much research you have done with GBP/JPY but like I have said I find it's movement good for this method of Trading.

I must admit I do wonder how much of an advantage discretionary Trading is as opposed to just entering Trades like your EA does.

Without doing a lot of research it's hard to prove this one way or the other.

Having the initial Trade go against you and Trigger a second or even third Trade can actually be an advantage when it comes to the distance Price needs to move to your TP.

It certainly does pay, though, to be Trading back into previous PA as opposed to be Trading into "no mans land".

Thanks, for opening my eyes to the advantages of Trading this way.
  • #263
  • Aug 1, 2017 3:03am Aug 1, 2017 3:03am
Today's trades
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  • #264
  • Aug 1, 2017 3:31am Aug 1, 2017 3:31am
Quoting saad007
Today's trades {image} {image}
Closed Before GBP Manufacturing PMI
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  • #265
  • Aug 1, 2017 5:52am Aug 1, 2017 5:52am
Quoting stevepatt
{quote} Hi Ryan, I don't know how much research you have done with GBP/JPY but like I have said I find it's movement good for this method of Trading. I must admit I do wonder how much of an advantage discretionary Trading is as opposed to just entering Trades like your EA does. Without doing a lot of research it's hard to prove this one way or the other. Having the initial Trade go against you and Trigger a second or even third Trade can actually be an advantage when it comes to the distance Price needs to move to your TP. It certainly does pay,...
Good thoughts here....

I decided to answer your question during the video I will be releasing today. Watch for this in the next 1-2 hours.
  • #266
  • Aug 1, 2017 8:31am Aug 1, 2017 8:31am
Sometimes I feel like sleeping is overrated when these signals hit.
Missed the early ones
  • #267
  • Aug 1, 2017 8:43am Aug 1, 2017 8:43am
Quoting Erebus
{quote} What happens when you switch timeframes from 30M to 1H and back again? I think you will see that the data is refreshed and all is good, make that indicator think & do it's job!
No, the indicator does not work correctly. You should not change the time frame to update the bar.
  • #268
  • Aug 1, 2017 9:54am Aug 1, 2017 9:54am
Today's video. A bit longer today so hopefully it's not boring!

- Profit update
- My new youtube series title and content
- Why do I trade my 3 pairs only?
- Is it better to trade my strategy manually? What benefits or drawbacks?
- Today's trade setups.
- Community questions and content thoughts.
- How not to fall into the greedy traders trap.

Inserted Video
  • #269
  • Aug 1, 2017 11:55am Aug 1, 2017 11:55am
Quoting Cubbybgood
Today's video. A bit longer today so hopefully it's not boring! - Profit update - My new youtube series title and content - Why do I trade my 3 pairs only? - Is it better to trade my strategy manually? What benefits or drawbacks? - Today's trade setups. - Community questions and content thoughts. - How not to fall into the greedy traders trap. https://www.youtube.com/watch?v=LcOuHEg2wtI
Thanks for spending your time making a nice video. What particular NEWS CALENDAR do you often/mostly pay attention to?
This is not investment/trading advise. Will not hold accountable for loss
  • #270
  • Aug 1, 2017 1:48pm Aug 1, 2017 1:48pm
Quoting stevepatt
GBP/CAD M30 Short Trade {image}

GBP/CAD Short Trade Result

+50 Pips +0.5%

GBP/CAD M30 Short Trade 2
Attached Image (click to enlarge)
Click to Enlarge Name: 1st Aug 17 GBP:CAD M30 Short Trade 2.png Size: 116 KB
  • #271
  • Aug 1, 2017 1:59pm Aug 1, 2017 1:59pm
Quoting stevepatt
{quote} GBP/CAD Short Trade Result +50 Pips +0.5% GBP/CAD M30 Short Trade 2 {image}
you're doing great mate. Do you just follow the rule plainly or have some modification?
This is not investment/trading advise. Will not hold accountable for loss
  • #272
  • Aug 1, 2017 2:01pm Aug 1, 2017 2:01pm
Quoting Cubbybgood
Today's video. A bit longer today so hopefully it's not boring! - Profit update - My new youtube series title and content - Why do I trade my 3 pairs only? - Is it better to trade my strategy manually? What benefits or drawbacks? - Today's trade setups. - Community questions and content thoughts. - How not to fall into the greedy traders trap. https://www.youtube.com/watch?v=LcOuHEg2wtI

Always appreciate these!
  • #273
  • Aug 1, 2017 3:28pm Aug 1, 2017 3:28pm
Quoting Cubbybgood
Today's video. A bit longer today so hopefully it's not boring! - Profit update - My new youtube series title and content - Why do I trade my 3 pairs only? - Is it better to trade my strategy manually? What benefits or drawbacks? - Today's trade setups. - Community questions and content thoughts. - How not to fall into the greedy traders trap. https://www.youtube.com/watch?v=LcOuHEg2wtI

Hi Ryan,

Thanks for answering my questions in the video.

I will have to keep a close eye on my GBP/JPY Trades.
  • #274
  • Aug 1, 2017 3:31pm Aug 1, 2017 3:31pm
Quoting yousername
{quote} you're doing great mate. Do you just follow the rule plainly or have some modification?
Hi Yousername,

This Post #231 explains what else I'm looking for when Trading Manually.
  • #275
  • Aug 1, 2017 3:35pm Aug 1, 2017 3:35pm
Quoting yousername
{quote} Thanks for spending your time making a nice video. What particular NEWS CALENDAR do you often/mostly pay attention to?

I keep it it simple using usually just Fxstreet and forex factory
  • #276
  • Aug 1, 2017 5:04pm Aug 1, 2017 5:04pm
Quoting chaveznqoos
{quote} No, the indicator does not work correctly. You should not change the time frame to update the bar.
Are you saying it doesn't work for you or just the OP ?

Maybe you shouldn't have to but it sure helps!

Here are 2 screenshots, 1st with the chart left alone for a time, and then when timeframe is changed

Please supply a screenshot when asking for help so that we may see the same problem that you are experiencing.

Thanks, John

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It takes a lot for me to IGNORE you, but you can try.
  • #277
  • Aug 1, 2017 9:41pm Aug 1, 2017 9:41pm
GBPCAD longest Drawdown for me till now
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EurGbp market almost died.
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  • #278
  • Aug 1, 2017 9:58pm Aug 1, 2017 9:58pm
Quoting saad007
GBPCAD longest Drawdown for me till now {image} EurGbp market almost died. {image}
Im right there with ya
  • #279
  • Aug 2, 2017 6:39am Aug 2, 2017 6:39am
Quoting saad007
GBPCAD longest Drawdown for me till now {image} EurGbp market almost died. {image}
GBPCAD closed at loss and then....history
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  • #280
  • Aug 2, 2017 7:04am Aug 2, 2017 7:04am
Quoting saad007
{quote} GBPCAD closed at loss and then....history {image} {image}
Why close this out? I hit profit almost 2 hours ago on my OANDA accounts. My EA entered a bit early (where you did) at LMFX and that will likely hit profit soon as well.

This strategy requires patience. I typically stick with a 500 pip SL on each of my trades. It's a wide SL but my risk per trade is very low so my account can handle it.
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