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6200trading Method

  • #41
  • Aug 8, 2019 4:42am Aug 8, 2019 4:42am
Quoting edge540
{quote} Gee thanks,you remind me of "TooSlow" another so called teacher.What is it with you guys?Post charts of your trades both winners and losers.I suppose you will start charging for you knowledge and insight, into the murky world of Forex, eventually.If that is the direction you are headed then you need to post in the commercial section.
I'm sorry I can't do things the way you would like. Again, if you want to post charts of setups that is fine.
  • #42
  • Aug 8, 2019 4:43am Aug 8, 2019 4:43am
I think Mr. Edge540 is a bit of a stirrer..........
  • #43
  • Aug 8, 2019 4:45am Aug 8, 2019 4:45am
Quoting yonnie
I think Mr. Edge540 is a bit of a stirrer..........
It's okay. Trading does that to people...LOL
  • #44
  • Aug 8, 2019 5:36pm Aug 8, 2019 5:36pm
Quoting edge540
{quote} How about posting some charts showing real trades......just an idea.
Firstly hello 6200, thanks for your thread..

And to edge540
You do realise of course that if you press on the individual trades on his TE the trade will appear on a chart for you to review ? Personally, I love the FF chart lay out, I even trade by it. Simple, clear, good grid. Of course it won't show the reason for the trade, but no chart will without a written explanation. He says he uses 20 50 200 SMAs

Cheers h
  • #45
  • Aug 8, 2019 6:41pm Aug 8, 2019 6:41pm
Quoting hellsbells
{quote} Firstly hello 6200, thanks for your thread.. And to edge540 You do realise of course that if you press on the individual trades on his TE the trade will appear on a chart for you to review ? Personally, I love the FF chart lay out, I even trade by it. Simple, clear, good grid. Of course it won't show the reason for the trade, but no chart will without a written explanation. He says he uses 20 50 200 SMAs Cheers h
Yes I realise that but have a look at the associated charts,no MA's any where...clear as mud.Why this guy can't post charts is beyond me.
  • #46
  • Aug 8, 2019 7:20pm Aug 8, 2019 7:20pm
Quoting edge540
{quote} Yes I realise that but have a look at the associated charts,no MA's any where...clear as mud.Why this guy can't post charts is beyond me.
When I take the time to go through my charts and look for setups, I do it very quickly. To take the time to post charts and notate the charts is just something I don't want to do. I am sorry if that does not satisfy you but that is just the way it is.

On the bright side, you can easily setup your own charts. I don't understand why you cannot do it yourself. Hopefully, we can put this to bed with this post.

Complaining does nothing positive.
  • #47
  • Edited 8:42pm Aug 8, 2019 8:30pm | Edited 8:42pm
Good evening everyone. Before I go over what I am seeing in the charts, I do want to make some things clear.

I decided to start this thread to help myself commit to spending the 1/2 hour to an hour a day looking at charts. It is my goal to keep this thread current and post almost every trading day if not more. It has been said by numerous experts that it takes about a month to form a habit.

I do very well trading but there are times I lose interest and I disengage for periods of time. I made the commitment to myself to stay engaged.

I also think that by me typing my thoughts here it can possibly help those that are getting very close to reaching that "ah ha moment" in which they finally get it. It is a good feeling to know what you are doing and to know you will be making money.

I also love to hear the thoughts and ideas of other traders. It might be the most important thing needed for someone to want to do this for a long time. We, traders, are a different breed and we understand one another. If you don't believe me, try explaining your trading system to a person that knows nothing about trading.

I really hope we get a lot of participation from people at all different points in their trading careers. I urge input from the complete beginner to seasoned professionals.
  • #48
  • Aug 8, 2019 8:39pm Aug 8, 2019 8:39pm
Now to the charts. If you take a look at my open positions, all my open orders were filled in addition to the entries I made last evening.

I really don't have anything else right now. Tomorrow is decision time. Do I close trades? Do I take partial profits? Maybe move stops to break even and get some runners?

I was thinking of moving stops to break even tonight and I still might, but as of now I am leaving things alone.
  • #49
  • Aug 8, 2019 9:46pm Aug 8, 2019 9:46pm
[The 200 will determine the direction I will trade. Prices above, I'm looking to go long. Prices below, look to short. Pretty simple.]

Hi 6200. I like the simplicity of your method. I am unclear about the time frame you use. You said in the first post you look at daily bars. Then the charts of your trades show H1 bars. I suppose you apply the 3 moving averages to the trading chart (H1) (?). In the latest trade posted on August 8: selling EURCAD at 1.4854, my chart shows price was above its MA200. I thought you would be looking to go long (but you sold, and win). I could have mis-read something in your post. Kindly clarify how you determine trade direction. Thank you.
Bill
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  • #50
  • Aug 8, 2019 10:10pm Aug 8, 2019 10:10pm
Quoting calaxcorp
[The 200 will determine the direction I will trade. Prices above, I'm looking to go long. Prices below, look to short. Pretty simple.] Hi 6200. I like the simplicity of your method. I am unclear about the time frame you use. You said in the first post you look at daily bars. Then the charts of your trades show H1 bars. I suppose you apply the 3 moving averages to the trading chart (H1) (?). In the latest trade posted on August 8: selling EURCAD at 1.4854, my chart shows price was above its MA200. I thought you would be looking to go long (but you...

I am not so sure where the H1 came from. I trade from the daily charts. 200 was down and price was below. The 50 and 20 had a nice gap with the 20 below the 50 and the 50 had a nice angle pointing down. Although price rallied above the 50 everything still said sell to me.

If you read my first post, I said that I use the MA's to quickly see pullbacks and relief rallies, right? Try taking the MA's off the chart. What do you see? I see prices rallying back to the level of the breakdown with a nice reversal setup.

Thank you Bill for your post. It is always good to go back (after the fact) and try to reconstruct your thought process at the time of the trade. This is good practice on both winning and losing trades although most of us only do it on losing trades.
  • #51
  • Aug 8, 2019 10:24pm Aug 8, 2019 10:24pm
I decided to play it safe, by taking of 1/2 of all my profitable positions as well as moving the stops on the balance of those positions. The 1H chart on all of these charts presented a nice fractal in almost the same spot of each chart. A perfect, rather safe place to move the stops.

The EURUSD trade remains untouched.
  • #52
  • Aug 9, 2019 1:33am Aug 9, 2019 1:33am
[6200trading: I am not sure where the H1 came from].

I know where it came from. It came from my ignorance of using FF inform. When I first clicked on your EURCAD open trade to see the chart for the trade I mentioned, this is what I saw... a H1 bar chart. So I thought it was what you traded from. My apologies of the confusion. With your explanation / confirmation, I clicked on the daily bar button, and totally see what you were seeing to make your trade decision (with or without the 3 MAs). Thank you very much for your clarification. Nice trade.
Thank you. Bill
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  • #53
  • Aug 9, 2019 6:32am Aug 9, 2019 6:32am
Quoting calaxcorp
[6200trading: I am not sure where the H1 came from]. I know where it came from. It came from my ignorance of using FF inform. When I first clicked on your EURCAD open trade to see the chart for the trade I mentioned, this is what I saw... a H1 bar chart. So I thought it was what you traded from. My apologies of the confusion. With your explanation / confirmation, I clicked on the daily bar button, and totally see what you were seeing to make your trade decision (with or without the 3 MAs). Thank you very much for your clarification. Nice trade....



“‎"There is no better test of a man's integrity than his behavior when he is wrong.”
― Marvin Williams
  • #54
  • Aug 9, 2019 2:48pm Aug 9, 2019 2:48pm
Quoting edge540
{quote} Gee thanks,you remind me of "TooSlow" another so called teacher.What is it with you guys?Post charts of your trades both winners and losers.I suppose you will start charging for you knowledge and insight, into the murky world of Forex, eventually.If that is the direction you are headed then you need to post in the commercial section.
What are you on about, you wanker? I never charged anyone for anything related to trading. Piss off!!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #55
  • Aug 9, 2019 2:50pm Aug 9, 2019 2:50pm
Quoting Ss45
{quote} I didn't know Tooslow was selling stuff, is that for real?
No, it ain't real, Mate. That tosser has nothing better to do. Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #56
  • Aug 9, 2019 4:14pm Aug 9, 2019 4:14pm
Quoting TooSlow
{quote} What are you on about, you wanker? I never charged anyone for anything related to trading. Piss off!!
Where do I say that you charge for your useless information?
  • #57
  • Aug 9, 2019 6:01pm Aug 9, 2019 6:01pm
I finished up the week leaving the open trades on. I will go through all the charts and try to sum up my thought process Sunday evening here in Toronto.
  • #58
  • Aug 9, 2019 6:14pm Aug 9, 2019 6:14pm
I must say I think I made a very good decision in choosing to start this thread. I made a commitment to myself to comment on a daily basis. I know this may get difficult at times but the idea of running a thread gives me that push I need to contribute each day.

The best part for me is that it forces me to look at the charts. Although this may sound simplistic, sometimes I just don't feel like looking at charts.

However, once I start, the juices get flowing and I get excited looking for new opportunities.

The other interesting thing is that for this thread I am only looking at the pullback/relief rally setup. I have traded many different setups over the years profitably but this particular one brings numerous opportunities so it makes it easier to post every day.
  • #59
  • Aug 9, 2019 7:52pm Aug 9, 2019 7:52pm
subscribed! Been looking forward to trading a 'mathematical' system like this! I look forward to trading alongside you!
  • #60
  • Aug 9, 2019 8:47pm Aug 9, 2019 8:47pm
Thank you for sharing. I will adapt your strategy for a while and see it for myself. Your signal looks great. And the strategy looks clean and simple.

And if I am not mistaken, this is the next opportunity for Monday, go short on GBP NZD.

But where would you put your stop loss in the example below?

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