Closed position at 157.92 for +19 pips out of a max 65 pip move.
Supernova GBP/JPY Mini Trend Catcher
at the moment placing my trades and going off to work has been quite good, have stayed in some trades that would have hit my trailstop. with 1 hour and 4 hour I would place trade and let it run for as long as possible. Go in with 0.2 or 2 lots, lock in profit with one and let the other ride.
So take profit early to lock in then you don't even need to put SL at breakeven cause you're already in the money anyway when the other dot appears! You just take less profit on the 2nd half. I will take less profit any/everyday!!
I'm still in love with the 5 mins (or addicted whichever you prefer) but today made me rethink about this time frame as tomorrow I'm back to work. Cannot even try to start thinking how I can monitor 5 MINS @ work
while I wasn't able to make a profit with 4 trades today while being able to monitor all the time (although this is a weird day - holiday and all)So I might keep the 5 mins for when I don't work (or for when I will not work anymore heh) and take the hourlies into consideration. Might. It's going to be hard, tho, not looking at the 5's...
I'll go check how many signals per day on average we get on the hourlies.
i seem to feel what timeframe is best for the market sentiment, i suggest opening up a few diff chart intervals and observing. I'm currently on my 8th consecutive winning trade.
I entered a trading contest back in Jan and since it’s stocks and I switched to Forex in the meantime, I kinda left it alone, not monitoring every day, just having a peek once in a while to report to the contest. Buy and hold strategy, if you want.
Well, that account has grown tremendously compared to the other contestant who “trade actively”. I’m in the top 5 out of about 30 people! The point is I don’t even care so I leave it alone and it’s growing.
I also have another portfolio for which I basically come to the same conclusion. Leave it alone.
It’s llike a pimple. If you constantly fiddle about with it, the infection gets worse, and then (well I don’t need to describe, we’ve all fiddled with pimples).
I guess the 5 min time frames are like pimples, in a sense. And the higher time frames are “leave it alone”.
Except I feel like a teenager with pimples!!! I need to grow up and leave my pimples alone
Setting and Forgetting – Some thoughts
I entered a trading contest back in Jan and since it’s stocks and I switched to Forex in the meantime, I kinda left it alone, not monitoring every day, just having a peek once in a while to report to the contest. Buy and hold strategy, if you want.
Well, that account has grown tremendously compared to the other contestant who “trade actively”. I’m in the top 5 out of about 30 people! The point is I don’t even care so I leave it alone and it’s growing.
I also have another portfolio for which I basically come to the same conclusion. Leave it alone.
It’s llike a pimple. If you constantly fiddle about with it, the infection gets worse, and then (well I don’t need to describe, we’ve all fiddled with pimples).
I guess the 5 min time frames are like pimples, in a sense. And the higher time frames are “leave it alone”.
Except I feel like a teenager with pimples!!! I need to grow up and leave my pimples alone
(and nice one by the way)
I agree, but it's hard not to pimple push when 2 weeks ago the 5min would have harvested triple pip pie!
This would avoid infection on pimples not ready to burst and relieve pimples which are, well, ready to burst into triple pimple pie!
Did I get that right ?
:
Hmmmmm well then, OK we need to do what you suggested, ie have a look at the various time frames and depending on current market conditions decide if this is a pimple pushing day or a leave it alone day and trade accordingly.
This would avoid infection on pimples not ready to burst and relieve pimples which are, well, ready to burst into triple pimple pie!
Did I get that right ?
hmm I'm still really angry from this morning, selling my laptop on ebay and all of a sudden 10 mins before auction end someone with no feedback and just registered today bids over a genuine bidder. yeah right! cancelled that bid.
2 mins later another no feedback just signed up today moron bids, again I cancel, then I looked in bid history and both their maximum bids were £3000 more then what the laptop was worth new 2 years ago!
Anyway in the space of the last 10 mins of my auction I had the cancel bids page up and was copy pasting their scammer names in! A genuine bidder finally I thought got in and with 5 seconds to go the £%%@~!!"££$£~:@:~~~! bid and won!!! I think the whole street heard me curse especially 5 minutes later getting "you been paid" paypal email and there aint nothing in my account. NIGERIAN SCAMMERS!!!! (i'm not being racist his fake paypal email had a nigerian address) i hate ebay now, the scammers run that show
2 mins later another no feedback just signed up today moron bids, again I cancel, then I looked in bid history and both their maximum bids were £3000 more then what the laptop was worth new 2 years ago!
Anyway in the space of the last 10 mins of my auction I had the cancel bids page up and was copy pasting their scammer names in! A genuine bidder finally I thought got in and with 5 seconds to go the £%%@~!!"££$£~:@:~~~! bid and won!!! I think the whole street heard me curse especially 5 minutes later getting "you been paid" paypal email and there aint nothing in my account. NIGERIAN SCAMMERS!!!! (i'm not being racist his fake paypal email had a nigerian address) i hate ebay now, the scammers run that show
hmm I'm still really angry from this morning, selling my laptop on ebay and all of a sudden 10 mins before auction end someone with no feedback and just registered today bids over a genuine bidder. yeah right! cancelled that bid.
2 mins later another no feedback just signed up today moron bids, again I cancel, then I looked in bid history and both their maximum bids were £3000 more then what the laptop was worth new 2 years ago!
Anyway in the space of the last 10 mins of my auction I had the cancel bids page up and was copy pasting their scammer names in! A genuine bidder finally I thought got in and with 5 seconds to go the £%%@~!!"££$£~:@:~~~! bid and won!!! I think the whole street heard me curse especially 5 minutes later getting "you been paid" paypal email and there aint nothing in my account. NIGERIAN SCAMMERS!!!! (i'm not being racist his fake paypal email had a nigerian address) i hate ebay now, the scammers run that show
What a bad experience! I've dealt with ebay in the past (long time ago) and everything was fine. However (I'm not racist either) I did have phone problems at some point, was getting billed for people calling to/from Nigeria. Had to pay to install some sort of blocker system (and still am).For what it's worth the "net" is exactly that = a net, with holes in it. It lets us have all sorts of goodies like freedom of expression and access to Forex trading, and then, well there's the bad stuff.
I'm really sorry about your bad experience. I know ebay was quite well run a couple years ago (CEO was a woman) if she's still the boss I'm sure they're looking into this. I hope you placed a formal complaint.
Is that even possible
For what it's worth the "net" is exactly that = a net, with holes in it. It lets us have all sorts of goodies like freedom of expression and access to Forex trading, and then, well there's the bad stuff.
I'm really sorry about your bad experience. I know ebay was quite well run a couple years ago (CEO was a woman) if she's still the boss I'm sure they're looking into this. I hope you placed a formal complaint.
the scammer is suspended now, well at least that account, he's probably opened several others since.
- #699
- Sep 3, 2007 6:38pm Sep 3, 2007 6:38pm
I had that same experience on Ebay recently. I ended up contacting a "good " bidder directly and made a deal outside of E-bay.
hmm I'm still really angry from this morning, selling my laptop on ebay and all of a sudden 10 mins before auction end someone with no feedback and just registered today bids over a genuine bidder. yeah right! cancelled that bid.
2 mins later another no feedback just signed up today moron bids, again I cancel, then I looked in bid history and both their maximum bids were £3000 more then what the laptop was worth new 2 years ago!
Anyway in the space of the last 10 mins of my auction I had the cancel bids page up and was copy pasting their scammer names in! A genuine bidder finally I thought got in and with 5 seconds to go the £%%@~!!"££$£~:@:~~~! bid and won!!! I think the whole street heard me curse especially 5 minutes later getting "you been paid" paypal email and there aint nothing in my account. NIGERIAN SCAMMERS!!!! (i'm not being racist his fake paypal email had a nigerian address) i hate ebay now, the scammers run that show