Today I am a real mess!!Shouldn't take both trades... A lot of US News tonite... Should just watch tv tonite...
EURGBP -20 pips
EURUSD -6 pips
... forgot one trade ... AUDUSD yesterday at 2008.07.17 18:00 +52 pips
- #542
- Jul 18, 2008 2:00am Jul 18, 2008 2:00am
- Joined Feb 2008 | Status: Trader | 6,736 Posts
Time hides Nothing
Enough for yesterday's & today's trades.... One that can give heart attack...
My recent short entry on GU (at 1.9961) already hit TS at 1.9929 with +32pips
My short entry at EU (opened since yesterday), just closed manually at 1.5837 with only +3pips
I think it won't come down anymore (IMHO), sooo choppy..
I think I better rest now, since I am restless since yesterday... USD News impact a lot.... & I did badly yesterday when enter those trades, but luckily I was so confident (
) that the price will come back down & set the SL so high (about 80 pips)....
My recent short entry on GU (at 1.9961) already hit TS at 1.9929 with +32pips
My short entry at EU (opened since yesterday), just closed manually at 1.5837 with only +3pips
I think it won't come down anymore (IMHO), sooo choppy..I think I better rest now, since I am restless since yesterday... USD News impact a lot.... & I did badly yesterday when enter those trades, but luckily I was so confident (
) that the price will come back down & set the SL so high (about 80 pips).... 
- #549
- Jul 18, 2008 6:25am Jul 18, 2008 6:25am
- Joined Feb 2008 | Status: Trader | 6,736 Posts
GJ was fun! travelled 70 pips in 5 minutes gotta love that 
Time hides Nothing
- #552
- Edited 11:10am Jul 18, 2008 9:38am | Edited 11:10am
There is a good sell signal on EUR/USD and AUD/USD but it did not trade it because I have already 3 open positions.
I also entered GBP/JPY (212.71) again ...
All my positions reached BE
....Just small retraceRe-enter Long again on GJ, price at 213.04.... Because Trend Is Bullish....
(Trade At Your Own Risk)...
Enough for today.... & for this week..... going to sleep.... 
I closed GJ trade manually at 213.25 (18:33) with +21pips, when I saw consolidation at TF 5 Mins (Stoch also at 97... overbought).
Late yesterday & today are the hardest...
Congrats to those who succeeded to get green pips...
(My summary this week: 13 trades.... 12 greens, 1 BE)
Real Account....
I closed GJ trade manually at 213.25 (18:33) with +21pips, when I saw consolidation at TF 5 Mins (Stoch also at 97... overbought).
Late yesterday & today are the hardest...
Congrats to those who succeeded to get green pips...
(My summary this week: 13 trades.... 12 greens, 1 BE)
Real Account....
- #554
- Jul 18, 2008 12:11pm Jul 18, 2008 12:11pm
- Joined Feb 2008 | Status: Trader | 6,736 Posts
Good results antuque catch ya next week
Time hides Nothing
- #555
- Edited Jul 19, 2008 12:00am Jul 18, 2008 8:28pm | Edited Jul 19, 2008 12:00am
Hi everybody,I'm a newbie,I happened to see this forum yesterday. I read from page 1 to last page. And printed out some important notes
Thank you endroute for his work
- the system is very simple easy to understand & I think it suits me. by the way where is he? may be he's on holiday.Thank you Scratch,Cindy,Atuque & all of you guys to keep this forum alive. And also I've gained some knowledge from you.
See you
pete
- #556
- Edited 11:49pm Jul 18, 2008 8:37pm | Edited 11:49pm
Good results antuque catch ya next week
You are one of the great guy in this forumhttp://www.forexfactory.com/images/icons/icon14.gif. I'ld like to ask you some questions if you don't mind.http://www.forexfactory.com/images/icons/icon7.gif
what's time normally do you trade? asian, europe or us session?
which pairs for 1h & 4h? or shorter time frame?
Oh last one - What did you have problem with this system at beginning I saw you complained a lot. please let me learn from your expireince
Thank you
pete.http://www.forexfactory.com/images/icons/icon7.gif
- #557
- Jul 19, 2008 6:18am Jul 19, 2008 6:18am
- Joined Feb 2008 | Status: Trader | 6,736 Posts
Hi Cindy,
You are one of the great guy in this forumhttp://www.forexfactory.com/images/icons/icon14.gif. I'ld like to ask you some questions if you don't mind.http://www.forexfactory.com/images/icons/icon7.gif
what's time normally do you trade? asian, europe or us session?
which pairs for 1h & 4h? or shorter time frame?
Oh last one - What did you have problem with this system at beginning I saw you complained a lot. please let me learn from your expireince
Thank you
pete.http://www.forexfactory.com/images/icons/icon7.gif
Thanks for that! Glad you called me a guy haha most people asume I'm female - funny that!
I like the asian and london session and if I'm still not satisfied I will trade the London/US overlap (but thats a long day for me here in Australia).
I guess the only session I don't trade is the plain US session. For one it's like 3am in Australia when that's on but also I hear it's the worst session to trade so I guess I'm lucky there!
My favourite session is the London session but when the volitilitys there the Asian session is good too IMO.
As for timeframe: I love the 1 hour charts don't trade much off the 4 hr charts because to me it feels like I'm watching paint dry! But for others I'm sure they like it. They say the higher timeframe the better because of less "noise" but I'm very comfortable on the 1hr TF.
One thing I will say though is that I use the 4hr and Daily charts to draw trendlines as possible points of support and ressistance they can make great intraday targets and even filter out the more "dodgey" trades.
I've traded shorter timeframes in the past but I find them a lot more unpredictable. As for this COG system in particular definetly nothing under the 1hr TF for me.
Your last question is a bit more difficult to explain....
Yes in the begginning I was following this thread and when I put the COG on my charts I looked back on the past and saw many great trades that supported Endroutes claim that this system can regularly make 200 pips a day...
But when I started watching them in real time I saw how much the COG repainted and realised that the trades I see in hindsight weren't necesarily there "for the taking" at the time and I had a few demo trades that went sour and immediatly blamed the repainting of the COG.
I guess I jumped the gun a bit there because I've still been following this method and although the COG does repaint it still produces some great trades.
THe R:R ratio (very important IMO) is good as well so although there might be a few losses the overall profit gain can far out weigh these losses from what I've seen so far.
But seriously this is just me talking here it would be so much more valuable for your questions to be answered by Endroute as he is the true author of this method and has much more experience than me.
Anyway welcome to the thread m8
Time hides Nothing
- #558
- Edited 11:00pm Jul 19, 2008 10:34pm | Edited 11:00pm
But seriously this is just me talking here it would be so much more valuable for your questions to be answered by Endroute as he is the true author of this method and has much more experience than me.
Hi Cindy,
Thank you for your answer & tips that is very valueable to me,because I've never thought to draw tend lines at all( there are so many pairs to watch). But since you comment I think I'm going to do that too.
I live in Sydney that why I ask you about your trading time (sorry to look at your profile - then i knew you live in Australia). It's good to know trading time of the person who live in the same zone. Then I can learn what's normal time they do thier trade because I'm a newbie.
Sorry to call you guy - just get use to call guy instead of gal (I guess you are a lady if I'm not wrong)
By the way do you trade gbp/jpy? sl 50 pips is rather high
I'm a newbie it's not so good to disturb big master(endroute) I would rather ask young masters(you and some another guys). Because some of my questions might be very stupid - wait until I'm up in advance stage then I'll ask big master
Agian thank you very much Cindy and hope you'll gain plenty of pipshttp://www.forexfactory.com/images/icons/dollar.gif
Pete
Hi Cindy,Thank you for your answer & tips that is very valueable to me,because I've never thought to draw tend lines at all( there are so many pairs to watch). But since you comment I think I'm going to do that too.I live in Sydney that why I ask you about your trading time (sorry to look at your profile - then i knew you live in Australia). It's good to know trading time of the person who live in the same zone. Then I can learn what's normal time they do thier trade because I'm a newbie.
Sorry to call you guy - just get use to call guy instead of gal (I guess you are a lady if I'm not wrong)
By the way do you trade gbp/jpy? sl 50 pips is rather high
I'm a newbie it's not so good to disturb big master(endroute) I would rather ask young masters(you and some another guys). Because some of my questions might be very stupid - wait until I'm up in advance stage then I'll ask big master
Agian thank you very much Cindy and hope you'll gain plenty of pipshttp://www.forexfactory.com/images/icons/dollar.gif
Pete
- #559
- Edited 10:48am Jul 20, 2008 2:48am | Edited 10:48am
- Joined Feb 2008 | Status: Trader | 6,736 Posts
But seriously this is just me talking here it would be so much more valuable for your questions to be answered by Endroute as he is the true author of this method and has much more experience than me.
I live in Sydney that why I ask you about your trading time (sorry to look at your profile - then i knew you live in Australia). It's good to know trading time of the person who live in the same zone. Then I can learn what's normal time they do thier trade because I'm a newbie.
Sorry to call you guy - just get use to call guy instead of gal (I guess you are a lady if I'm not wrong)
By the way do you trade gbp/jpy? sl 50 pips is rather high
I'm a newbie it's not so good to disturb big master(endroute) I would rather ask young masters(you and some another guys). Because some of my questions might be very stupid - wait until I'm up in advance stage then I'll ask big master
Agian thank you very much Cindy and hope you'll gain plenty of pipshttp://www.forexfactory.com/images/icons/dollar.gif
Pete
Yes I like GBP-JPY but 50 pips SL is too much for my liking as well. What I do is just trade at half the lot size I normally would so for example say normally I trade at $1 a pip I'd lower the lot size to 5,000 which is .50 a pip.
Don't worry about asking questions as stupid as you may think they are - It's the only way people can learn and that's what the threads for.
I ask stupid questions all the time
.I'm a guy by the way!!!
Time hides Nothing
Hi pete
Yes I like GBP-JPY but 50 pips SL is too much for my liking as well. What I do is just trade at half the lot size I normally would so for example say normally I trade at $1 a pip I'd lower the lot size to 5,000 which is .50 a pip.
Don't worry about asking questions as stupid as you may think they are - It's the only way people can learn and that's what the threads for.
I ask stupid questions all the time
I'm a guy by the way!!!
I am agree with Cindy that 50 pips SL is too much... but only sometimes I just need to put higher due to unexpectable retracement (IMHO)....
But normally, I will just put TS 25pips only when I really know that my setup is really good (just like what happen on GJ last week
).I hope that, scratch & Cindy still keep up with this thread because I just start working again (after 2 weeks off) & cannot get into trade/s with MT4 in my office desktop (blocked by Co, I guess...)... & will see setup only in my night time (about 2hours diff from you guys... +8 GMT).
So, keep it up guys...