IMHO just in a doubt as my trendline depicts an upward trend and the pair has been ranging recently but still looks like a definite setup.
- #2,005
- Aug 7, 2008 4:11pm Aug 7, 2008 4:11pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Greetings from Guanajuato, Mexico 
Hello everybody,
Some people were complaining that everybody posts only good results and not bad ones, so i will make them lie
I posted here quiet good results on this thread for july.
I tested this system on demo in July ang got around +1500.
So here are my result as for august 1 til today
AUD/CAD -77
EUR/JPY -160
CHF/JPY -90
GBPCHF -153
No one single positive trade since august 1
And guess what ? it just happen when I decided to go live with this system in regards to my July test.
Anyway nobody to blame here but me. I didn't look much at the SR levels when taking the trades and just thought "might get one looser but will get 2 or 3 winners" WRONG !
I think the system is still good and the month is not over anyway.
It 's just stupid overconfidence from me and I should look a bit more at the chart when taking a trade.
Also i often enter the trades late around 5 gmt instead of 00 GmT but it also saved me from a few bad trades.
Well, not bashing anybody or the system but just pointing out that there is no magic or miracle things, trade carefully.....
And thanks again Ash for sharing this system
Some people were complaining that everybody posts only good results and not bad ones, so i will make them lie
I posted here quiet good results on this thread for july.
I tested this system on demo in July ang got around +1500.
So here are my result as for august 1 til today
AUD/CAD -77
EUR/JPY -160
CHF/JPY -90
GBPCHF -153
No one single positive trade since august 1
And guess what ? it just happen when I decided to go live with this system in regards to my July test.
Anyway nobody to blame here but me. I didn't look much at the SR levels when taking the trades and just thought "might get one looser but will get 2 or 3 winners" WRONG !
I think the system is still good and the month is not over anyway.
It 's just stupid overconfidence from me and I should look a bit more at the chart when taking a trade.
Also i often enter the trades late around 5 gmt instead of 00 GmT but it also saved me from a few bad trades.
Well, not bashing anybody or the system but just pointing out that there is no magic or miracle things, trade carefully.....
And thanks again Ash for sharing this system
- #2,012
- Edited 5:28am Aug 8, 2008 4:52am | Edited 5:28am
Hi airx3000,
donīt worry, if trading was so easy, nobody would go to work for a salary.
I also started this month with real money, because i doubled my demo account, but what does it bring to me?
Now i am deep in minus, because i had holiday this week and i tried scalping, short trades with thrust on my feeling... well it was not such a good idea (more lost than wins).
I also made orders according to Ashīs Signals and closed them after some hours because they went in the wrong direction.
I (as a bginner with some months demo) think -patience- is the most important. There are periods everything goes against you. No system works and the trend seems to be your ennemy. Thatīs why 80% of the traders lose (as a friend and succesfull stock daytrader told me).
I knew a forex trader from Switzerland, a top man, doing this all his life long. He learned as a "runner" on the stock exchanges, before Internet existed, he was in wall street, europe, all the biggest ones. When i met him he had a own capital investment company, additionanlly he offered managed accounts and had millionaires as clients, but he also offered m.a. for little people, starting with $5000. I would have given him all what i head...
The problem was.. i didnīt have anything.
Good for me, because one year later he became insolvent, many millions were lost....
Just to see in which area we are moving! There are sharks all around you.
Donīt worry, perhaps the rest of this month will turn like in July, or september will.
I hope you are not risking more than 2 or 3% of your account with the trades. Then it doesnīt hurt so much if you lose some trades.
Look, AUD/CAD moved 100 pips down in the last hours!
So this must be positive in your list now!
@all: tomorrow i will leave for 2 weeks. I will travel to the south and have no internet (holidays). So i donīt bother you anymore with cartoons and stupid questions
.
But as Schwarzenegger said... "iīll be back"
Good bye and thank you for your help and funny times, good luck and lots of pips with your trades.
donīt worry, if trading was so easy, nobody would go to work for a salary.
I also started this month with real money, because i doubled my demo account, but what does it bring to me?
Now i am deep in minus, because i had holiday this week and i tried scalping, short trades with thrust on my feeling... well it was not such a good idea (more lost than wins).
I also made orders according to Ashīs Signals and closed them after some hours because they went in the wrong direction.
I (as a bginner with some months demo) think -patience- is the most important. There are periods everything goes against you. No system works and the trend seems to be your ennemy. Thatīs why 80% of the traders lose (as a friend and succesfull stock daytrader told me).
I knew a forex trader from Switzerland, a top man, doing this all his life long. He learned as a "runner" on the stock exchanges, before Internet existed, he was in wall street, europe, all the biggest ones. When i met him he had a own capital investment company, additionanlly he offered managed accounts and had millionaires as clients, but he also offered m.a. for little people, starting with $5000. I would have given him all what i head...
The problem was.. i didnīt have anything.
Good for me, because one year later he became insolvent, many millions were lost....
Just to see in which area we are moving! There are sharks all around you.
Donīt worry, perhaps the rest of this month will turn like in July, or september will.
I hope you are not risking more than 2 or 3% of your account with the trades. Then it doesnīt hurt so much if you lose some trades.
Look, AUD/CAD moved 100 pips down in the last hours!
So this must be positive in your list now!
@all: tomorrow i will leave for 2 weeks. I will travel to the south and have no internet (holidays). So i donīt bother you anymore with cartoons and stupid questions
.But as Schwarzenegger said... "iīll be back"
Good bye and thank you for your help and funny times, good luck and lots of pips with your trades.
- #2,013
- Aug 8, 2008 6:34am Aug 8, 2008 6:34am
Hi airx3000,
@all: tomorrow i will leave for 2 weeks. I will travel to the south and have no internet (holidays). So i donīt bother you anymore with cartoons and stupid questions
But as Schwarzenegger said... "iīll be back"
Good bye and thank you for your help and funny times, good luck and lots of pips with your trades.
have fun!
juan carlos
- #2,016
- Aug 8, 2008 9:25am Aug 8, 2008 9:25am
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Any updates guys...
As for me i got out at 51+(live) cos i dont want to carryover any trades...
I ended up closing the first lot at +50 but will go ahead and leave the second lot open and see what happens next week.
Nice trading, femzy.
Greetings from Guanajuato, Mexico
- #2,018
- Aug 8, 2008 10:02am Aug 8, 2008 10:02am
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Smart you
I hope you taking good care of the burrow as Ricky is away now...I can afford 6 botttles for you both as my offering ....
Greetings from Guanajuato, Mexico
- #2,019
- Aug 8, 2008 12:08pm Aug 8, 2008 12:08pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Greetings from Guanajuato, Mexico
- #2,020
- Aug 8, 2008 12:45pm Aug 8, 2008 12:45pm
- | Commercial User | Joined Dec 2007 | 1,927 Posts
Hello everybody,
Some people were complaining that everybody posts only good results and not bad ones, so i will make them lie
I posted here quiet good results on this thread for july.
I tested this system on demo in July ang got around +1500.
So here are my result as for august 1 til today
AUD/CAD -77
EUR/JPY -160
CHF/JPY -90
GBPCHF -153
No one single positive trade since august 1
And guess what ? it just happen when I decided to go live with this system in regards to my July test.
Anyway nobody to blame here but me. I didn't look much at the SR levels when taking the trades and just thought "might get one looser but will get 2 or 3 winners" WRONG !
I think the system is still good and the month is not over anyway.
It 's just stupid overconfidence from me and I should look a bit more at the chart when taking a trade.
Also i often enter the trades late around 5 gmt instead of 00 GmT but it also saved me from a few bad trades.
Well, not bashing anybody or the system but just pointing out that there is no magic or miracle things, trade carefully.....
And thanks again Ash for sharing this system
This shows how important Support and Resistance is. In fact, I know a trader that trades EXCLUSIVELY off S/R lines. No kidding.
Keep working at your trading. Tough nut to crack, but never give up. I know I could have given up many months ago, but kept at it.