Trading is done for the day...
I hop someone else won some good trades today.
Laters.
cpfleger
I hop someone else won some good trades today.
Laters.
cpfleger
5
Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
strategy builder/tester for new scalping strategy 1 reply
1M & 5M Scalping System (Scalping Paradise) 21 replies
Reversals vs. CounterTrend Trade 28 replies
CounterTrend Trading 58 replies
DislikedAre YOU starting to see the light ? Market Cycles ? Future Trades ? Trading is made hard by a Human only. cpfleger {image}Ignored
DislikedTarget was been made! Im trying to be steady as possible , just a few days to end of the month. im using the rules of the first post, Thank you @Abade and @cpfleger For years i been strugling with FX maybe this is the way that fits me! {image} {image}Ignored
Disliked{quote} Excellent performance @Zidro, nice and steady. Sadly, I missed a lot of the action in GBPJPY M1: {image} Be welcome to the thread @Rfs199, @Ronin, @sonicvista12 and all new traders.Ignored
DislikedDonny, your chances for long term success are reduced by spread. This system let you expect profits from 3to6 pips per trade and your spread is 1.5-1.9 pips . It is dangerous for system expectency. Try to find different broker or change trading hours. I mean GU only during London and NY session. Yen pairs during Tokyo sessions .Ignored
Disliked{quote} hey donny, your doing very well, and i highly recommend you listen to your own advice about juggling multiple pairs if you are going to use cost averaging, it is highly recommended to stick with one pair at a time if you are chasing maximum reward relative your account size, keep it up and best of luck mate! regarding maximum drawdown losses - one mans 10% drawdown is another mans 1% drawdown when chasing the same reward, its all about proper money management in the event you face the worst case scenarios due to risk management failure,...Ignored
DislikedFirst setup of the day in the book. Took a sell buy on USDJPY. Might have been a tad bit early: {image} I should have zoomed out as it was setting up to see the support/demand box underneath. Price tends to gravitate to the long standing support/demand and resistance/supply zones. If I saw it earlier I would have wait. But took another buy when I saw price reacting to the lower, older zone: {image} Price flirted with the zone for a moment then shot past the 50 EMA and printed a ZZ number so I jumped out of both positions. Got 3.1 and 8.8 pips for...Ignored
Disliked{quote} Excellent trades and note-taking my friend! Spreads can affect the overall performance and P/L outcome, but won't take away your trading edge/profitability by itself. EURUSD, catched a very nice spike:Ignored
Disliked{quote} Thanks Abade! That EURUSD entry is sweeeeeeeeeeeet! Today's theme seemed to be meandering price, threatening to go opposite so I get out at a goal when it slowly comes back around, and then it moves past that right after. But I'll take the profits and not fret! Took a sell on GBPUSD: {image} I couldn't resist this really pretty setup on AUDUSD. Was figuring it was a break past 200 EMA and will either break back under or at least test if it really was a break. So I hit sell: {image} GBPUSD decided it wanted to hang out and loiter above my...Ignored
Disliked{quote} Thanks for the welcome Abade, I see you and the others are highly skilled at discretionary price action trading, which is my first passion about trading - reading charts and the narrative behind the price changes, rather than discuss (at length) whether price is HTF trending, countertrending, aiming for HTF liquidity, all of that HTF analysis, if you know what I mean... I prefer to get into the charts and read the price action as it is right there in front of me, here & now. I will post some charts when I have traded using this system, but...Ignored
Disliked{quote} Thanks Abade! That EURUSD entry is sweeeeeeeeeeeet! Today's theme seemed to be meandering price, threatening to go opposite so I get out at a goal when it slowly comes back around, and then it moves past that right after. But I'll take the profits and not fret! Took a sell on GBPUSD: {image} I couldn't resist this really pretty setup on AUDUSD. Was figuring it was a break past 200 EMA and will either break back under or at least test if it really was a break. So I hit sell: {image} GBPUSD decided it wanted to hang out and loiter above my...Ignored
Disliked{quote} That's a very nice session! Only 3 losing trades out of 46, you are clearly very talented my friend. I believe juggling isn't that bad as long as the pairs we are trading are not correlated and we don't miss any good re-entries/exits. {quote}Ignored
Disliked{quote} I see good trades here. kindly assist me with Rsi dv1 and buyers and sellers volumeIgnored
Disliked{quote} it's great to see you back trading Abade, i especially liked this sharp shooter action! {image} {quote} excellent work donny! juggling multiple pairs will become an issue when at least one moves into drawdown without proper money management using the recommended lot sizes of the original KoF strategy, otherwise i also believe it isn't that bad if traded responsibly but i'd suggest reducing the recommended lot size by a fraction of the number of pairs being traded the one key advanced concept KoF has shared with us is to continue making money...Ignored