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

  • #481
  • Aug 31, 2017 6:11am Aug 31, 2017 6:11am
GBP/CAD M30 Long Trade

I'm not entering off a Bullish Inside Candle but I like Engulfing Candles and I like the Level where it is occurring.
Attached Image (click to enlarge)
Click to Enlarge Name: 31st Aug 17 GBP:CAD M30 Buy Trade.png Size: 160 KB
  • #482
  • Aug 31, 2017 6:15am Aug 31, 2017 6:15am
Quoting Erebus
{quote} Congratulations, way better than the EA I'm using Hopefully, all readers can see that my comments were for the person that was uncomfortable trading the way he was trading, and in no way shape or form were they directed at you. However, if by some chance you took it as that, I'm sorry, I don't understand it but there it is. If he is trading EXACTLY the trades that you do, then he has no problem and should not be posting those doubts that he has. But I believe that you point out many times in the video, you didn't release all the details...
I apologize as I did read that the wrong way. I thought you were trying to bash what I do in a round-about-way. Re-reading what you wrote I now don't think this was your intention.

You are right though, this is my fear with people using my system. They will fallow a set group of rules but won't really understand what they are doing and why. 95% of what I do is in my videos. The last 5% I think I should be allowed to keep to myself although I did have one video back 1-2 months ago that did mention that missing 5% clearly. lol

You're always trying to get me to lay out everything I do in one "How to" video. My intention was to never do this. I wanted people to see the markets the way I do and this would never come across in 1 long video. People would just take the rules and blindly trade it. I just never wanted that. People need to work for success to actually achieve it.
  • #483
  • Aug 31, 2017 7:48am Aug 31, 2017 7:48am
End of the month video update.

-Profit on all accounts this month?
-Why profit was lower this month and I'm ok with it.
-How much money will I be trading next month total?
-Community trades and questions?

Inserted Video
  • #484
  • Aug 31, 2017 9:39am Aug 31, 2017 9:39am
Quoting stevepatt
GBP/CAD M30 Long Trade I'm not entering off a Bullish Inside Candle but I like Engulfing Candles and I like the Level where it is occurring. {image}
Unfortunately, this trade you took here is getting hit pretty hard right now.

The reason I would have stayed out of that particular position was because from the very top at 1.63500 to where you entered was only about 100 pips. Your entry point was only 60 pips from the top.

I like my levels to be at least 150 pips apart and entry's no less then 100 pips. I like to see larger swings before I take trades so I get in at better market extremes. Yes, the RMI was below 30 but the pullback from 1.63500 was just a bit to small.

Now since we have a nice big 200 pip move from 1.63500 I am now looking for buying opportunities on the GBPCAD...
  • #485
  • Aug 31, 2017 9:57am Aug 31, 2017 9:57am
dont want to talk home...but a little:
most of the time, if dont mind to plot a simple RSI and prepared to wait at least 30-70 there too...i would think that small addition would keep a trader out from most of very early entries.
( for me RSI is one of the most underrated indi probably on this forum, without going into here how to interpret better than the 'book teach it')

just as a statement to stay clear, i trade differently than Ryan, but along very similar principals.
i have great respect for him to do his videos, and promote a trading approach AND a trader mindset that unfortunately rare on this forum!
for that reason i would here and there add my thoughts.
but they are not hardcore basic Ryan system!
there is always, always another trade!!
  • #486
  • Aug 31, 2017 10:31am Aug 31, 2017 10:31am
Quoting Cubbybgood
{quote} Unfortunately, this trade you took here is getting hit pretty hard right now. The reason I would have stayed out of that particular position was because from the very top at 1.63500 to where you entered was only about 100 pips. Your entry point was only 60 pips from the top. I like my levels to be at least 150 pips apart and entry's no less then 100 pips. I like to see larger swings before I take trades so I get in at better market extremes. Yes, the RMI was below 30 but the pullback from 1.63500 was just a bit to small. Now since we have...


Long!
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  • #487
  • Aug 31, 2017 11:15am Aug 31, 2017 11:15am
Quoting Cubbybgood
{quote} Unfortunately, this trade you took here is getting hit pretty hard right now. The reason I would have stayed out of that particular position was because from the very top at 1.63500 to where you entered was only about 100 pips. Your entry point was only 60 pips from the top. I like my levels to be at least 150 pips apart and entry's no less then 100 pips. I like to see larger swings before I take trades so I get in at better market extremes. Yes, the RMI was below 30 but the pullback from 1.63500 was just a bit to small. Now since we have...

Hi Ryan,

I liked the 1.62500 Level it had seen Selling in the recent past and we had seen Price make a strong Bullish push through this Level.

I saw it as a logical Level for Price to PullBack to before Buying picked up once more.

I think the way it dropped it could have been news related.

Hopefully Price will return to, or close to, pre-news Levels it often does.

I'm not panicking yet.
Attached Image (click to enlarge)
Click to Enlarge Name: 31st Aug 17 News Calender .png Size: 184 KB
  • #488
  • Aug 31, 2017 11:28am Aug 31, 2017 11:28am
Quoting stevepatt
{quote} Hi Ryan, I liked the 1.62500 Level it had seen Selling in the recent past and we had seen Price make a strong Bullish push through this Level. I saw it as a logical Level for Price to PullBack to before Buying picked up once more. I think the way it dropped it could have been news related. Hopefully Price will return to, or close to, pre-news Levels it often does. I'm not panicking yet. {image}
Yes! I forgot to mention. The drop started right after the CAD GDP was released. 70 pips drop in a few seconds.

I do see your liking to that level. I recorded my video before the drop happened saying I agreed with you on a possible bounce there but had a few other concerns about jumping in. Never the less, I think you will be just fine here. I expect the GBPCAD to give us a pullback at the 1.61 level. Looks like it could be starting now...

I wouldn't be worried about this basket as well though. I'm now in by the way.
Attached Image (click to enlarge)
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  • #489
  • Aug 31, 2017 1:08pm Aug 31, 2017 1:08pm
Quoting faatkumo
{quote} Long! {image}

We've landed.
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  • #490
  • Aug 31, 2017 2:58pm Aug 31, 2017 2:58pm
Quoting Cubbybgood
{quote} ... You are right though, this is my fear with people using my system. They will fallow a set group of rules but won't really understand what they are doing and why. 95% of what I do is in my videos. The last 5% I think I should be allowed to keep to myself although I did have one video back 1-2 months ago that did mention that missing 5% clearly. lol You're always trying to get me to lay out everything I do in one "How to" video. My intention was to never do this. I wanted people to see the markets the way I do and this would never come...
I fully subscribe to the last 2 paragraphs ! Presenting this system without laying a ready-to-use-package on the table encourages people to create their own way of using the system. This is clearly shown by the different approaches evolved in this thread: stevepatt is showing us his successful approach based on manual trading and S&R considerations for example. I took the way of building an multi-currency-EA, which is working out quite promising for me. Keep it doing this way, Ryan !

Regards, Oliver
  • #491
  • Aug 31, 2017 4:43pm Aug 31, 2017 4:43pm
Quoting Cubbybgood
End of the month video update. -Profit on all accounts this month? -Why profit was lower this month and I'm ok with it. -How much money will I be trading next month total? -Community trades and questions? https://www.youtube.com/watch?v=MbsW...ature=youtu.be


Good luck with Maverick man!
  • #492
  • Sep 2, 2017 5:04pm Sep 2, 2017 5:04pm
this guy is having the traderagent in is thread?

really?

https://www.forexfactory.com/showthread.php?t=695597
It takes a lot for me to IGNORE you, but you can try.
  • #493
  • Sep 2, 2017 6:32pm Sep 2, 2017 6:32pm
Hi Ryan, If you happen to have time and feel like doing a informational training Vlog, I am newish with MT4. I am confused on the optimization options for strategy tester. Have you implemented the optimization feature on your RMI strategies, and if so , would you consider talking and explaining it. I understand this may not fall with in your series, but a consideration for maybe a future video.
Thanks
  • #494
  • Sep 4, 2017 1:45am Sep 4, 2017 1:45am
Quoting stevepatt
GBP/CAD M30 Long Trade I'm not entering off a Bullish Inside Candle but I like Engulfing Candles and I like the Level where it is occurring. {image}

GBP/CAD M30 Long Trade Update

I have 13 Long Trades Triggered.

Price is now at a Level of previous Bullish Transition.

It's important to understand Market Mechanics in these situations.
Attached Image (click to enlarge)
Click to Enlarge Name: 4th Sept 17 GBP:CAD H4 Observations.png Size: 155 KB
  • #495
  • Sep 4, 2017 7:30am Sep 4, 2017 7:30am
Quoting stevepatt
{quote} GBP/CAD M30 Long Trade Update I have 13 Long Trades Triggered. Price is now at a Level of previous Bullish Transition. It's important to understand Market Mechanics in these situations. {image}
I agree with you here. I do think a larger pullback is coming soon likely. I would like to see a nice solid break above 1.61 level though. At that point I could see this extending to at least 1.61500.

You know, Predictions on when and where the market will move are not very valuable because we could always be very wrong in that prediction. It's about being ready for those pullbacks or moves when they happen. Because you have the 20 pip grid you should be ready and able to TP with not a lot of pullback here.

I was able to get out of all my trades on the small pullbacks the GBPCAD gave....
Attached Image (click to enlarge)
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  • #496
  • Sep 4, 2017 8:50am Sep 4, 2017 8:50am
Quoting Cubbybgood
{quote} I agree with you here. I do think a larger pullback is coming soon likely. I would like to see a nice solid break above 1.61 level though. At that point I could see this extending to at least 1.61500. You know, Predictions on when and where the market will move are not very valuable because we could always be very wrong in that prediction. It's about being ready for those pullbacks or moves when they happen. Because you have the 20 pip grid you should be ready and able to TP with not a lot of pullback here. I was able to get out of all my...

I completely agree with you on making "Market Predictions"

We can, at best, only Anticipate Institutional Money Flow but having an understanding of how they operate is a help.

I now need Price to work it's way up through the 1.61000-1.61200 Zone
Attached Image (click to enlarge)
Click to Enlarge Name: 4th Sept 17 GBP:CAD M30 Observations.png Size: 127 KB
  • #497
  • Sep 4, 2017 12:09pm Sep 4, 2017 12:09pm
A somewhat late entry on EG.

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  • #498
  • Edited 8:01am Sep 5, 2017 7:43am | Edited 8:01am
First video of September.

Currently trading/advising total $194k.

9/5 Video update.

-Profit update
-MaverickFX upgraded my account by $12k!
-Trend-trading vs counter-trend trading debate. Why does it matter?

Inserted Video
  • #499
  • Sep 5, 2017 7:58am Sep 5, 2017 7:58am
Quoting Cubbybgood
First video of September. Currently trading/advising total $194k. 9/5 Video update. -Profit update -MaverickFX upgraded upgraded my account by $12k! -Trend-trading vs counter-trend trading debate. Why does it matter? https://www.youtube.com/watch?v=uU4H...ature=youtu.be

Congrats man!
  • #500
  • Sep 5, 2017 8:33am Sep 5, 2017 8:33am
Cubbygood! the last statements are real Gold! love it!
Everyday better.
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