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Simplicity is the Key

  • #2,161
  • Nov 29, 2007 1:48pm Nov 29, 2007 1:48pm
I live on the west coast in the Pacific Time Zone, and I think our time is even worse. I sleep during the start of the London session (which starts at midnight our time) and the New York one (5:00 am) as well.

The rest of the time I get the left-over pickings, although some days those are pretty good.
  • #2,162
  • Nov 29, 2007 4:29pm Nov 29, 2007 4:29pm
any trade action tonight, Trader?
  • #2,163
  • Nov 29, 2007 4:42pm Nov 29, 2007 4:42pm
Quoting natejax
any trade action tonight, Trader?
Just Posted.. Go get the trade signal
  • #2,164
  • Nov 29, 2007 4:59pm Nov 29, 2007 4:59pm
How many minutes after i post the trade call till you actually see it in the thread? Meaning the time your phone rings, until you get to the thread??? Just curious!!!
  • #2,165
  • Nov 29, 2007 5:08pm Nov 29, 2007 5:08pm
comes within a couple minutes.. look like very solid trades.
  • #2,166
  • Nov 29, 2007 5:14pm Nov 29, 2007 5:14pm
Quoting natejax
comes within a couple minutes.. look like very solid trades.
How many is couple of minutes in your case..bro?? The TC we have is not so solid. I am using the other system use in ranging markets..chart use is 1 hour -- I named it " One Hour Sidebar System", very funny . It follow the opposite signal at the side of the prevailing trend. I will post a chart later for further explanation. The hit rate of this system is not really that great and the pips delivery is also low like 30 a pair.
  • #2,167
  • Nov 29, 2007 5:17pm Nov 29, 2007 5:17pm
I demoed this system for 3 months and the results was like 30% increase in equity. Chart coming.
  • #2,168
  • Nov 29, 2007 5:25pm Nov 29, 2007 5:25pm
See Attached chart:
Attached Image (click to enlarge)
Click to Enlarge Name: gu7.gif Size: 18 KB
  • #2,169
  • Nov 29, 2007 6:14pm Nov 29, 2007 6:14pm
Trader, why are we closing the trades? were they not good trades?
  • #2,170
  • Nov 29, 2007 6:28pm Nov 29, 2007 6:28pm
Quoting natejax
Trader, why are we closing the trades? were they not good trades?
Get the new trades quickly.. This is what we are WAITING FOR>>>>> i GUESS...
  • #2,171
  • Nov 30, 2007 7:41am Nov 30, 2007 7:41am
Hello folks,
This so far is a very very difficult week for me when i was anticipating a good return. I have lost over 40% of my account equity. A terrible-terrible loss. But I always said to myself there is another day.. in my case... there is another week. This can happend even if we think we have the ultimate system after months and even years perhaps of testing and modifying. The market has a mind of his own. We should always on the lookout for what the market is thinking and be one with it. I was beaten so badly that i really feel terrible and this will not stop me from playing this game again and again. Eventually we will be great in this. The bad thing is that some of you follow me in my trade and i know some of you loss some equity as well. My Account doesnt matter much.. Your depleted account is what matter to me at this moment, i have a hard time sleeping with that in mu conscience. But let us stick together, i know we could come out good in this.

This week is over for me for now. I even lost count how much pips i did lost. All I can say it was over 1,000 pips. I hope you will still believe in this system that i try to fully explain everytime we trade.

Thanks for sticking with me and all your encouragement.
-Trader
  • #2,172
  • Nov 30, 2007 7:59am Nov 30, 2007 7:59am
Quoting trader101
Hello folks,

bad thing is that some of you follow me in my trade and i know some of you loss some equity as well. My Account doesnt matter much.. Your depleted account is what matter to me at this moment, i have a hard time sleeping with that in mu conscience.

-Trader
Hey don't worry about us too much Trader Anyone blindly following anyone elses system hasn't learned a certain valuable lesson yet, and will eventually need to learn it. Everyone needs to learn to trade using their own discretion, so I will not blame anyones recomendations for my losses, and if I chose to follow anyone's advice, then I still realize that the ultimate responsibility is mine. I value your input, and while your method is not mine, I can still learn from you.

Today is a new day, and opportunity for new trades

To our success!
  • #2,173
  • Nov 30, 2007 8:57am Nov 30, 2007 8:57am
don't sweat it trader. i have been sizing up the signals now myself and only taking them if they make sense to me.. i am sure other people who take your signals do the same. i would not weigh yourself down with those types of concerns.
  • #2,174
  • Nov 30, 2007 10:00am Nov 30, 2007 10:00am
cheer up trader

The team still needs your training.
We are champions in the making.
  • #2,175
  • Nov 30, 2007 10:04am Nov 30, 2007 10:04am
Is there any way to tweak your system so this doesn't happen again? Otherwise, this just something that will happen from time to time when the market doesn't perform as predicted.
  • #2,176
  • Nov 30, 2007 10:55am Nov 30, 2007 10:55am
Quoting trader101
Hello folks,
This so far is a very very difficult week for me when i was anticipating a good return. .
-Trader

Keep your chin up Trader!
I am sticking with you.
You have a great system there!
No system is a winner all the time. WE know that.
We have to Lock in Profits as we go and preserve capital for the losing trades.
It is our OWN responsibility to trade accordingly to the size of our account for when we do get a big draw down.
We have to reduce our Lot size so that we can sustain off times.

Keep those calls coming!
Leigh.
Our IMAGINATION is the true holy grail!
  • #2,177
  • Nov 30, 2007 12:36pm Nov 30, 2007 12:36pm
Quoting Leigh
Keep your chin up Trader!
I am sticking with you.
You have a great system there!
No system is a winner all the time. WE know that.
We have to Lock in Profits as we go and preserve capital for the losing trades.
It is our OWN responsibility to trade accordingly to the size of our account for when we do get a big draw down.
We have to reduce our Lot size so that we can sustain off times.

Keep those calls coming!
Leigh.
Same here. We have faith in you.
  • #2,178
  • Nov 30, 2007 2:16pm Nov 30, 2007 2:16pm
Your thread is one of the things that makes me enjoy FF. I hope you didn't suffer too much drawdown this week. Looking forward to more trade calls next week.

On the subject of time zones. It's interesting to hear other people's perspectives. I wish I could trade the Asian session so I suppose the grass is always greener. West coast USA is a tough one, though, unless trading full time.
Gone to a better place
  • #2,179
  • Nov 30, 2007 3:03pm Nov 30, 2007 3:03pm
Quoting Leigh
Keep your chin up Trader!
I am sticking with you.
You have a great system there!
No system is a winner all the time. WE know that.
We have to Lock in Profits as we go and preserve capital for the losing trades.
It is our OWN responsibility to trade accordingly to the size of our account for when we do get a big draw down.
We have to reduce our Lot size so that we can sustain off times.

Keep those calls coming!
Leigh.

Below are some Great ideas from Spuds thread. I love his Pip bank idea!
Leigh.



http://www.forexfactory.com/showthread.php?t=22105
post 4
Spudfyre
I aim for 20 pips per day. That's about 400 pips a month.
I take profit at 7, 14 and 20 pips on my early trades in the day. In other words, I wait until I am up 20 pips and set my stop loss so I make 7 pips, then if I am up 30 pips my stop loss is 14 pips and then I decide to either grab my 20 pips or ride the market some more. When it is up 35 pips my stop is set so I take my 20 pips. I am going to trade 4-5 times a day so there is no need to try and capture all 20 pips in one shot, so I chase opportunity.

After that I trade for what I call my pip bank. The 20 pips a day is my core income. If I make 50 pips in a day, 30 pips go into my pip bank. This way, if I have a bad day, can't trade or decide not to trade I take it out of my pip bank.

My pip bank also lends me pips if I go negative. I have to pay my pip bank back on any pips I borrow.

That has worked for me very well, so thought I would share it.
Spud.
Our IMAGINATION is the true holy grail!
  • #2,180
  • Dec 1, 2007 8:09am Dec 1, 2007 8:09am
I think it was a hard week because of all the big news on interst rates ..
esp. on the Usd, pound, Yen & the eur may drop 1/2%

this type of news changes everything fast & it comes in two rounds
The big boys know about it early & so their orders hit often seeming out of the blue

then every one else sees after & again the market goes nuts

when you have all 4 of the big guys moving interst rates it makes for a strange week.

- also we are coming to the end of the year. people are starting size down & take proffit so move will become bigger then they would normally.
- also it looks like carry iis on again
- also oil had a wild week, a drop bad has effects cad, aud, gpb, nzd etc
.... the usd & jpn & eur for the good.

so the market was all over the place.

tuff week to say the lest ...lots of people lost big other made money big.

but trending system would be all over the place.
not sure what system you use,
You might want to bid small till the new year, & be careful we may see more of this
It does seem a bit early normally we see this more a week or two from now. .

teb
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