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5Min Intraday System

  • #5,961
  • Dec 4, 2008 2:34am Dec 4, 2008 2:34am
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  • #5,962
  • Dec 4, 2008 3:41am Dec 4, 2008 3:41am
I think it was more like this (but i still took the trade you did )

Quoting bshadroo
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  • #5,963
  • Edited 4:56am Dec 4, 2008 4:45am | Edited 4:56am
Quoting sanjur0fla
I think it was more like this (but i still took the trade you did )
i had a loss yesterday and when i have a loss i exit very quick with 5 to 10 pips at the next trade to recover my moral sence.if i havent loss yesterday this trade could be a loss or BE because i wont close it for 8pips
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  • #5,964
  • Dec 4, 2008 10:39am Dec 4, 2008 10:39am
Especially on real account.
Last time I lost money (around $400) was when i tried to "trade news". Traded NFP a couple of months ago - baaaaad idea .
Since then no news for me (i did trade news before - some with success, some with not so much success, but never lost so much - maybe I became greedy and traded more that I could afford to lose).
It was about a month I could not press "BUY" or "SELL" on my real account since I lost money - was very hard to overcome fear of losing.
Well, I am getting back - even made a +$5 trade today on real account. You may find it funny, but it was an enormous release for me - to win
It would have been a good trading day, but I missed it (had to take care of some personal things).
I like Golfers post http://www.forexfactory.com/showpost...postcount=5929 about learning and sticking to the rules.

Anyway, good luck to all of the great contributors to this thread.
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  • #5,965
  • Dec 4, 2008 10:46am Dec 4, 2008 10:46am
By the way my post above about the same trade I took with you - i exited for 1 Pip profit at $5 per pip .
You`re right - it could have been a loosing one.
Let profits run - cut losses short.

Quoting bshadroo
i had a loss yesterday and when i have a loss i exit very quick with 5 to 10 pips at the next trade to recover my moral sence.if i havent loss yesterday this trade could be a loss or BE because i wont close it for 8pips
  • #5,966
  • Dec 4, 2008 10:53am Dec 4, 2008 10:53am
I trade inside a VM machine - have a VM completely dedicated to trading (clean machine with just metatrader installed).
Nice way to trade on any pc - have a copy of the machine on my USB stick and take it everywhere with me.
  • #5,967
  • Dec 4, 2008 11:45am Dec 4, 2008 11:45am
Quoting sanjur0fla
Especially on real account.
Last time I lost money (around $400) was when i tried to "trade news". Traded NFP a couple of months ago - baaaaad idea .
Since then no news for me (i did trade news before - some with success, some with not so much success, but never lost so much - maybe I became greedy and traded more that I could afford to lose).
It was about a month I could not press "BUY" or "SELL" on my real account since I lost money - was very hard to overcome fear of losing.
Well, I am getting back - even made a +$5 trade today on real...
Hi Sanj

I was also a news trader in the past but nowadays I try to pass the news releases.

And today - no trades for me. I just couldn't see a setup I like. So I let the setups passed.

If I don't feel like trading (too tired (like today) or cannot see nice setups), I'll give it a skip. I don't force trades anymore. I would rather let my other systems (2 EAs) do the jobs for me.

I also trade live - still small amounts. So don't feel alone. I am with you.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,968
  • Dec 5, 2008 5:08am Dec 5, 2008 5:08am
Trade 1
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,969
  • Edited 10:43am Dec 5, 2008 8:35am | Edited 10:43am
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  • #5,970
  • Dec 5, 2008 9:18am Dec 5, 2008 9:18am
Quoting bshadroo
Just two comments, thanks for posting it - I didn't really follow the markets during the NFP afternoon.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,971
  • Dec 5, 2008 5:59pm Dec 5, 2008 5:59pm
The software in the post seems interesting. What's the name and function of the software?

Quoting sanjur0fla
Especially on real account.
Last time I lost money (around $400) was when i tried to "trade news". Traded NFP a couple of months ago - baaaaad idea .
Since then no news for me (i did trade news before - some with success, some with not so much success, but never lost so much - maybe I became greedy and traded more that I could afford to lose).
It was about a month I could not press "BUY" or "SELL" on my real account since I lost money - was very hard to overcome fear of losing.
Well, I am getting back - even made a +$5 trade today on real...
Attached Image
  • #5,972
  • Dec 6, 2008 2:30am Dec 6, 2008 2:30am
It is called VMware Workstation (get it from vmware.com).
I never told you that - get a crack from any bittorrent site (just google for vmware keygen).
You will be amazed what this thing can do - virtualization is so cool.
Google for it - vmware.

Quoting xecret
The software in the post seems interesting. What's the name and function of the software?
  • #5,973
  • Dec 6, 2008 5:01am Dec 6, 2008 5:01am
Heard of it but never tried. Thanks for the information.
Quoting sanjur0fla
It is called VMware Workstation (get it from vmware.com).
I never told you that - get a crack from any bittorrent site (just google for vmware keygen).
You will be amazed what this thing can do - virtualization is so cool.
Google for it - vmware.
  • #5,974
  • Dec 6, 2008 5:38am Dec 6, 2008 5:38am
Profits in the forex trading can possible only if we follow the best tips from the best forex traders.So that we can able to gain profits in the forex trading like many forex traders.
  • #5,975
  • Dec 7, 2008 7:44am Dec 7, 2008 7:44am
Greetings Willem/Golfer! First, I must commend you and thank you for documenting your journey in regards to this method...It has been a great read...

I may have missed it as I have read the thread, but I was wondering if you have adjusted your sl/tp levels given the recent spike in volatility...or are you still using sl=6+spread/tp=10-15?

also, have you updated your rules since page 156?
  • #5,976
  • Dec 7, 2008 10:16am Dec 7, 2008 10:16am
Quoting McQueen68
Greetings Willem/Golfer! First, I must commend you and thank you for documenting your journey in regards to this method...It has been a great read...

I may have missed it as I have read the thread, but I was wondering if you have adjusted your sl/tp levels given the recent spike in volatility...or are you still using sl=6+spread/tp=10-15?

also, have you updated your rules since page 156?
Hi Mc

Welcome to the thread and I hope it is helping you to improve YOUR trading. Because that is what Phillip achieved with me and now I just want to give back. So that you can identify and develop your style of trading.

Yes, I've changed my SL to up to 20-30pips depending on my pairs. I usually take profit after 10-15pips - sometimes I'll let my profit run depending on the market rhythm (struggling with it but getting better), price pattern and nearby support/resistance levels. It doesn't seems like a great R:R ratio but I get a high % of positve trades. And I also try to exit early if I don't like the movement of the markets. Just like Bshardoo is doing it but I tend not to exit so early as he does. But I am working on it - one of my weakness I am working on.

All the necessary posts and links to important infomation is on page 1 as indicated on my signature. Currently I am working on updating My Rules as well as my trading plan. Will post it as soon as I am finish with it.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,977
  • Dec 7, 2008 11:12pm Dec 7, 2008 11:12pm
Quoting Golfer
Just two comments, thanks for posting it - I didn't really follow the markets during the NFP afternoon.
yes,this is 1minute view.
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  • #5,978
  • Edited 3:43am Dec 8, 2008 3:25am | Edited 3:43am
Greetings Everybody,

I'm new here, Its a really informative thread with a lot of zip/pdf guildline.
My problem is, I can't download most of the file at the link given at post #1. Some file I can download. Some file corrupted.

Appreciate some help & advice. Anybody facing the same problem as I am.
  • #5,979
  • Edited 5:05am Dec 8, 2008 4:45am | Edited 5:05am
10 pips everywhere - don`t be greedy
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  • #5,980
  • Dec 8, 2008 5:10am Dec 8, 2008 5:10am
Was working today - could not trade on live.
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