the key to the mint

Good going Him
Watching the euro/london open
3 good trades today

well done him, i saw the trades on the e/u & e/j but didnt take them,wasnt too sure about news that was coming up 15 min. from entry.
but thats excellent trading,keep up the good work
andrew

Hi, H,

...to filter / confirm ktm trades ?

J.

Hey Harold,

I am curious as to how you utilize both 200 and 60 EMAs?

Thanks much, as always!

hey guys no trade for gbpusd eurusd and eurjpy long as for the 60 and 200 emas i just use them as support and resistence points to look for 123"s to trade from thats all nothing special and most of the time i never look at them

finally a pullback

Some great trades today, E/U setup perfectly for the FOCM announcement. Hey Harold, do you know why we went from 5 minute charts to 15 minute and back to 5 minute? I have been following the system for quite some time and I am really quite curious. 5 minute works great, but I just want to understand is all.

Thanks!

i never started with 5 min then 15 and back to 5 i started with 15 then went to 5 and still using 5 all pairs are long obviously

Thanks for clarifying.

Hi guys, 1st trade 1st win today (long E/U) after a pullback.

Hi harold, may I know, for E/U, how many pips from point 2 you usually place a buy stop or sell stop order?

I set my SL at 1 pip below/above point 3, and my TP = amount of SL. Is that right?

Thanks for your answer.

Hey Harold. Quick question. I am doing well with FXDD, but I know you didn't like them in the past. Which broker do you recommend, and is an ECN a more viable solution?

Thanks!

thats right andita and nnd i use rjofx big broker using gft technology

Thanks harold.
Good start for today. First trade, first win (long E/U) this morning (Asian time, at 01:30 GMT).

Hi nnd trader, my broker is FXDD too, so far so good.

win on the GU

well done him, i took the same trade,its a good start to the week.

3 times I have blown my account worth 5000$. This is going to be my fourth account. The difference between previous and this time is that I was in job during privious blows but this I am not in job. I was retrenched, So i can't afford to blow my account anymore. I am going to make live with this trading. I was a active member several months before in this thread but blown my account by taking somany trades.
Harold, I need a favour from you for the first 1 month atleast. can you please
trade with me until I get the confidence. My future is in your hand now..

Forexmad,
it is sad to hear you have blown your account. From your writing, I assume it was live.
You have heard it before, but I wonder how you did trade live when u have not been sure about your kind of trading, be it your use of a system, or your money management.

I would never go live if I have not traded with success for 6 month your desired method (or combination of prefered methods).

Sorry to hear you have been retrenched, but I would deeply suggest not to immediately build on a trading for a living when you blew your account 3 times before.
How do you think you can live from trading with only 5000$ start capital? It won't work YOu need confidence, practice, and money to trade from and money to live from.
I would suggest to look for a job you can live from, and besides that, you go demo trading till it works out for you.


Another thing is, I wonder how u blew accounts using key to the mint, I can only think of wrong money management. try to dive into MM very deep before you even think of trading live. You can find everything you need in these forums.

I also think Harold can not help you out of your situation, and it is absurd to "lay your futrure in his hands". He might take his time to teach you, but thats another story. Future is in YOUR hands. Noones else.


This is not intended as offense, I just am a little bit scared about the way I see you goin.


Kind Regards, Lowen

Great reply, Lowen. Hope he listens and follows your advice. Will you Forexmad?

Good Post Lowen 5000 Is Not Enough To Live On Trading Live What Happens If You Do Not Stick With Rules And Overtrade Again? Better To Get A Job Plan The Trade Then Trade The Plan On A Demo Till You Have Disiplined Yourself To Follow The Rules Of The Plan Then Go Live And Keep The Job Till Acct Grows To Where You Wont Need Job

Hi Forexmad,
I remembered some of the older posts from you last year.
When I look at them, I see you have some understanding of how this system should work.

What I also see is that you seem to have not taken enough time to go into money management.

Again, Money management is VERY important, and one cannot succeed w/o understanding how money can be lost or multiplied. If you take the wrong amounts of Lots to double your money wit a trade or sth., you take a too high risk to loose all in a loosing streak.

One year ago, YOu said you have no patience anymore for demo trading. But in my eyes patience is the most important thing you need right now in your current situation. Take a step back and try to look over the things that happened and resulted in your current situation. Learn the other aspects of trading you missed (MM in the 1st place), and start over. if you liked the system and the timeframe etc, maybe it is not neccessary to change it, but to change the risks you took or the discipline you maybe didn't have.

Hope this helps in a way,
Lowen