Tease Me more @cpfleger | Page 33 | Forex Factory

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Tease Me more @cpfleger

  • #641
  • Oct 1, 2023 5:17am Oct 1, 2023 5:17am
Quoting samsha786
I'm really poor at trading... I'm following but not achieving much success. I hope this forum finally opens doors that have been closed to me for a long time. Keep up the good work guys! Thank you to everyone teaching and supporting.
Just keep practicing in demo, until you gain confidence, you can open a live account with small balance and trade in 0.01 size for practice.
That was the way I told to gain confidence from practice by sir cpfleger.
xinitial.
  • #642
  • Oct 1, 2023 5:35am Oct 1, 2023 5:35am
Quoting Ronin-
{quote} Hey imifx, Agree. That is why my other thread on the DHL Line method was 5 pips a day, on the very basis you and C state. As a newbie / half a year in, it is great to be in the company of other traders who have made a business of it. Supporting others who choose to follow this path. Lets continue next week.... Like xinitial (https://www.forexfactory.com/xinitial), I have found the asian session to beginning of european good to trade this method, which is mainly a ranging market.
Thanks, Ronin. My full support with you people. You guys are my new buddies.
If you believe in yourself anything is possible !!
  • #643
  • Oct 1, 2023 5:36am Oct 1, 2023 5:36am
Quoting xinitial
{quote} Thank you for sharing your experience here. As a new trader, I really need advice and guidance from those of you who are experienced. xinitial.
Together we do better, more than two eyes are always better testing something alone.

We will succeed for sure.
If you believe in yourself anything is possible !!
  • #644
  • Oct 1, 2023 5:41am Oct 1, 2023 5:41am
Quoting samsha786
I'm really poor at trading... I'm following but not achieving much success. I hope this forum finally opens doors that have been closed to me for a long time. Keep up the good work guys! Thank you to everyone teaching and supporting.
keep it up bro, it's really a long journey those who consider them successful in intial phases are luckiest one. Market is totally dynamic so just follow the trend.
If you believe in yourself anything is possible !!
  • #645
  • Oct 1, 2023 5:42am Oct 1, 2023 5:42am
Quoting cpfleger
Did someone say ------ DRAIN THE BANKS cpfleger
Yes, ser. I would be your partner in this sweet crime.
If you believe in yourself anything is possible !!
  • #646
  • Oct 1, 2023 8:14am Oct 1, 2023 8:14am
Team,
We need to define our service Metrics (Performance Numbers) for we can measure and monitor our weekly performances and success next.
We have a beautiful System now, basic and advance and as Ronin works on improving the Dotted Line Indicator we need to define our Monday to Friday metrics, sorry too many years in engineering Industry.
Examples are;
1) Do we measure by percentage / pips / money ?
2) Do we agree to one to three TF's ?
3) Do define the trading plan and schedule ?

I await your thoughts and feedback because we need to take the next step - retail performance leads to professional trader.
cpfleger
  • #647
  • Oct 1, 2023 1:36pm Oct 1, 2023 1:36pm
Quoting cpfleger
Team, We need to define our service Metrics (Performance Numbers) for we can measure and monitor our weekly performances and success next. We have a beautiful System now, basic and advance and as Ronin works on improving the Dotted Line Indicator we need to define our Monday to Friday metrics, sorry too many years in engineering Industry. Examples are; 1) Do we measure by percentage / pips / money ? 2) Do we agree to one to three TF's ? 3) Do define the trading plan and schedule ? I await your thoughts and feedback because we need to take the next...

1) Do we measure by percentage / pips / money
Always by pips, money could be subjective
2) Do we agree to one to three TF's ?
Plz explain more
3) Do define the trading plan and schedule ?
I think you already have set of rules
If you believe in yourself anything is possible !!
  • #648
  • Oct 1, 2023 2:02pm Oct 1, 2023 2:02pm
@cpfleger
1.From my opinion, percentage growth is better, lot size differs and we can't control what the market offers.
2. Still my opinion, 3 time frame is fine, long-term, session direction, and entry timeframe. I will suggest 1hr,15min and 5min respectively.
3. Trading plan definitely a must, but schedule is in context and needs more clearity. It can mean current pair, time of the day to trade of the market cycle.

And using this opportunity to thank everyone who has made us come this far.
Maxwell09.
  • #649
  • Oct 1, 2023 2:35pm Oct 1, 2023 2:35pm
1) Do we measure by percentage / pips / money
My preference is pips from what I have learnt so far and I like the dissociation with money. Easier on the psyche
2) Do we agree to one to three TF's ?
Happy with M1, M5 and M15, but happier to learn longer time frames as more pips.
3) Do define the trading plan and schedule ?
I feel the rules have been set / being developed further.

This is my retail view with limited experience... so open to not being correct.
  • #650
  • Oct 1, 2023 3:40pm Oct 1, 2023 3:40pm
Check FF messages.
  • #651
  • Oct 1, 2023 4:02pm Oct 1, 2023 4:02pm
Gents,
Measurement should be done by - percentage of the trading Balance as Pips do not measure the account but the trade performance and without the lot size you would not know the gain or loss.
Timeframe (TF) is personal, but I believe the 5M TF should be a great TF for us to start and use as a team.
Trading Plan is really complying with the last Channel Leg as the entry and the other system Indicators (Cross) as the exit indication and the 5M TF as a whole trading plan and the Trading Schedule is the trading sessions each trader uses in the location around the world, some can use all 3 trading sessions and some may only use 1 trading session (a Trading Sessions is - European (including UK) and the Asia Sessions).

Comments are welcomed.
cpfleger
  • #652
  • Oct 1, 2023 4:13pm Oct 1, 2023 4:13pm
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  • #653
  • Oct 1, 2023 4:27pm Oct 1, 2023 4:27pm
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  • #654
  • Oct 1, 2023 4:30pm Oct 1, 2023 4:30pm
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  • #655
  • Oct 1, 2023 4:47pm Oct 1, 2023 4:47pm
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  • #656
  • Oct 1, 2023 5:01pm Oct 1, 2023 5:01pm
As always coding in the background. Looking at adding arrows:

Attached Image (click to enlarge)
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Please remember this indicator does repaint the bands, just how it is, until the calculation is complete.
  • #657
  • Oct 1, 2023 5:16pm Oct 1, 2023 5:16pm
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  • #658
  • Oct 1, 2023 5:21pm Oct 1, 2023 5:21pm
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  • #659
  • Oct 1, 2023 5:34pm Oct 1, 2023 5:34pm
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  • #660
  • Oct 1, 2023 6:05pm Oct 1, 2023 6:05pm
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