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the key to the mint

  • #4,401
  • Nov 25, 2008 8:41pm Nov 25, 2008 8:41pm
294 pages later.....wow!

(1) bummed to see I missed the tradingrooms.com thing - is everyone on Skype now if so, can I play too?

(2) Thanks for the amazing set of rules Harold, and yes...it IS Christ.

(3) Please PM me w/ an email address about mentoring if you still have openings. I would like to discuss that with you.

(4) Thank you again.

V/R

Mario
  • #4,402
  • Nov 26, 2008 7:26am Nov 26, 2008 7:26am
Sorry Guys For Last Night Just Got A New Student And Was Giving Him His First Lesson You Guys Pretty Much Know What To Do And Can Help One Another When I Am A Little Busy No Setups Anyway Last Night
  • #4,403
  • Nov 26, 2008 9:26am Nov 26, 2008 9:26am
I just sent you a pm
LR
  • #4,404
  • Nov 26, 2008 9:33am Nov 26, 2008 9:33am
HAPPY THANKSGIVING; to harold and all the other great people in the "KTM".
Hej.
  • #4,405
  • Nov 26, 2008 7:34pm Nov 26, 2008 7:34pm
One simple and clear answer.

When you have a 123 setup to break going down to get your Profit Target, do you take the pip amount from point #2 to point #3 or do you have another way of getting your Profit Target? Thank You Very Much Guys
My Email For Help: [email protected]
  • #4,406
  • Nov 26, 2008 8:22pm Nov 26, 2008 8:22pm
hi tcmm when we look for target short it goes as follows: lets say point 2 is 1.2500 and point 3 is 1.2515 (eurusd example with 2 pip spread) the entry is 1 pip below point 2 which is 1.2499 and stop is 1.2518 which includes the 2 pip spread so the total is 19 pip target so we subtract 19 from 1.2499 bringing us to 1.2480 but price on chart has to go to 1.2478 to buy back at 1.2480
  • #4,407
  • Nov 26, 2008 10:28pm Nov 26, 2008 10:28pm
Quoting harold4x
hi tcmm when we look for target short it goes as follows: lets say point 2 is 1.2500 and point 3 is 1.2515 (eurusd example with 2 pip spread) the entry is 1 pip below point 2 which is 1.2499 and stop is 1.2518 which includes the 2 pip spread so the total is 19 pip target so we subtract 19 from 1.2499 bringing us to 1.2480 but price on chart has to go to 1.2478 to buy back at 1.2480
Very well explained your're the man.
My Email For Help: [email protected]
  • #4,408
  • Edited 10:28am Nov 27, 2008 7:47am | Edited 10:28am
Though it doesn't look like it, stoch and rsi were in place at the time of entry....Happy Thanksgiving all!

Deep
Attached Image (click to enlarge)
Click to Enlarge Name: eu-long 11-27.gif Size: 19 KB
  • #4,409
  • Nov 27, 2008 9:40am Nov 27, 2008 9:40am
Nice trade deepsouth. I was in on the same winning trade but took the 123 within the 123 you traded, my target was 1.2925.
  • #4,410
  • Nov 27, 2008 10:38am Nov 27, 2008 10:38am
Quote
Nice trade deepsouth. I was in on the same winning trade but took the 123 within the 123 you traded, my target was 1.2925.


Good eye FXpivots, I was so focused on my trade that I missed the smaller 1,2,3.
  • #4,411
  • Nov 27, 2008 12:52pm Nov 27, 2008 12:52pm
nice doc deepsouth but you forgot to add 1 thing on the daily not only does the stoc have to cross 50 but ema's must be crossed also in same direction. also remember to add that rsi must be 49.5 or lower for shorts and 50.5 or higher for longs have a great thanksgiving and dont forget to give thanks to the lord for that is the reason for this season too!
  • #4,412
  • Edited Nov 28, 2008 8:25am Nov 27, 2008 7:49pm | Edited Nov 28, 2008 8:25am
Harold thanks for the input. I have updated the checklist and reposted it here. The previous post has been deleted. If you see the need for any refinements please let me know.

Like I said before this not my trading plan,only my checklist. I will post my trading plan in the future.
Attached File(s)
File Type: doc Key to Mint Trade Checklist.doc   30 KB | 1,054 downloads
  • #4,413
  • Nov 27, 2008 9:21pm Nov 27, 2008 9:21pm
Im in the chat room right now if anyone wants to join.
  • #4,414
  • Nov 28, 2008 2:15am Nov 28, 2008 2:15am
Good checklist, deepsouth.

  • #4,415
  • Edited 8:17am Nov 28, 2008 8:03am | Edited 8:17am
perfect deepsouth thats about everything that i have communicated for last year also this closes out another winning month again there were only 10 trades the record for nov. was 7 wins and 3 losses = 4+ wins or 12% increase in account it doesnt matter how many trades are put on in a month what counts is how many winning trades are gotten if i only put on 5 trades and they all win thats 15% profit (25% profit starting next year as i go to 5% risk per trade)
  • #4,416
  • Nov 28, 2008 9:25am Nov 28, 2008 9:25am
Thanks, Deepsouth, for the checklist. Are we still using, on the 5/8ema cross, an 8ema on the open? (8ema set to open). If so, perhaps you can make note of that in your document. Thanks again.
  • #4,417
  • Nov 28, 2008 9:41am Nov 28, 2008 9:41am
Quote
Thanks, Deepsouth, for the checklist. Are we still using, on the 5/8ema cross, an 8ema on the open? (8ema set to open). If so, perhaps you can make note of that in your document. Thanks again.

That is correct Rialto. 8ema set to open and 5ema set to close. I created this under the assumption that users had the Mint basics in hand. If I can figure out how to edit a posted word doc, I will add the indicator settings to it. Thanks for the feedback.

Deep
  • #4,418
  • Nov 30, 2008 7:11am Nov 30, 2008 7:11am
Hi Guys I've been reading you're thread with interest. Neat system Harold! I'm completely new to forex although I do have experience in trading some of the indices. I've decided to take a look at the pairs you trade Harold. Can you advise me of the various session times for these pairs . I'm in the United Kingdom.

Kind regards
Highlanderx
  • #4,419
  • Dec 1, 2008 8:12am Dec 1, 2008 8:12am
it looks like there was a win last night with the eurusd the reason you bail on a trade like last nights eurjpy is when it reacts off recent support and returns to ema then you get 6 pip candles the momentum stopped so the best thing to do is breakeven thats money management. this is all about momentum
  • #4,420
  • Dec 1, 2008 12:19pm Dec 1, 2008 12:19pm
with the way things look now all 3 pairs will be short for asian session
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