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  • #1,601
  • Apr 2, 2009 3:52pm Apr 2, 2009 3:52pm
snice..........
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  • #1,602
  • Apr 2, 2009 3:57pm Apr 2, 2009 3:57pm
But there was no way on G20 i was gonna fill that ticket.......and i like a little more nose to body on my pin and.......

Ever had a black swan?



Your lucky no one opened there mouths dude....im not joking......anyway


nice trade.
  • #1,603
  • Apr 2, 2009 4:15pm Apr 2, 2009 4:15pm
Quoting Baba G
Ever had a black swan?
Nope, wouldn't know what one looked like if it bit me...
  • #1,604
  • Apr 2, 2009 4:25pm Apr 2, 2009 4:25pm
Started a journal of my trades in Excel. :nerd:

Long long long overdue but is proving more valuable than you might think if you aren't keeping one already...
  • #1,605
  • Apr 2, 2009 5:00pm Apr 2, 2009 5:00pm
Evening Team Strat

I'm back from my business travels and wow I have pages to read.. you've all been busy. Just done a check of the charts (I haven't had access while away).
Please forgive me if I'm repeating something that's already been said earlier, but I can only see Eur/Gbp as a possible set up. However, I have chosen to pass on it because it's half way between the daily MAs in a sideways area. I know it's touched my pre-drawn trend line, however, when I zoom out of the chart the length of the pin is fairly short.

Nicole
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  • #1,606
  • Apr 2, 2009 5:03pm Apr 2, 2009 5:03pm
Quoting FxPippy
Evening Team Strat

I'm back from my business travels and wow I have pages to read.. you've all been busy. Just done a check of the charts (I haven't had access while away).
Please forgive me if I'm repeating something that's already been said earlier, but I can only see Eur/Gbp as a possible set up. However, I have chosen to pass on it because it's half way between the daily MAs in a sideways area. I know it's touched my pre-drawn trend line, however, when I zoom out of the chart the length of the pin is fairly short.

Nicole
Hi Nicole, it's NFP day tomorrow so put your trigger finger away

I like EURGBP as well, but i think i'm in the minority round these parts.
  • #1,607
  • Apr 2, 2009 5:13pm Apr 2, 2009 5:13pm
Quoting AstonDan
Started a journal of my trades in Excel. :nerd:

Long long long overdue but is proving more valuable than you might think if you aren't keeping one already...
Just wondering do you have some sort of template for the journal? I'm trying to figure out a good organized way to journal my trades too
  • #1,608
  • Apr 2, 2009 5:16pm Apr 2, 2009 5:16pm
Quoting Naws
Just wondering do you have some sort of template for the journal? I'm trying to figure out a good organized way to journal my trades too
It's a work in progress Naws but i don't mind sending you it. I want to figure out how to get IT to calculate my R/R, % risk etc automatically, but i'm not that great with excel. PM me your email address and i'll send it to you and you can do what you like with it.

I save it in one folder in which i also save images of each trade at entry, i then hyperlink to these images from the spreadsheet which is easy to do.

Dan
  • #1,609
  • Apr 2, 2009 5:20pm Apr 2, 2009 5:20pm
From my Post # 1480

2) Keep a journal of every trade - and review them once a month or once a week. Preferably take a screen shot of the chart when you make the trade so that when you go back to review them you can see what you were looking at when you made the trade. Write about what was good about the trade and what was bad. If you keep doing this you will find that you start making less bad trades and more good trades. You will also hone what techniques you like and what works for you.

Perhaps you can show to others how doing this has helped you become a better trader, Dan.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,610
  • Apr 2, 2009 5:25pm Apr 2, 2009 5:25pm
Hi Dan

Don't worry, my finger is off the trigger tonight - too much news tomorrow and feed back from the G20 (I still haven't heard anything about the outcome of G20, was listending to music driving back!).

BTW I started on an excel sheet myself too earlier this week, will try to finish off tomorrow- I'll get Strat to check it out first before posting

Team effort -it's fab
Nicole
  • #1,611
  • Apr 2, 2009 5:26pm Apr 2, 2009 5:26pm
Quoting Baba G
And as all indicators are open to refinement i have developed one for the "butt ring"......the "rectum scale" which works as follows;

The higher the tension the bigger the reading on the scale and the larger the "huston".......simple.
Nicola!

And this is your new FF boyfriend! And here's me thinking you had class!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,612
  • Apr 2, 2009 5:26pm Apr 2, 2009 5:26pm
Line chart - Cable - turn PC monitor upside down (daily).

What do we see??

I have a H&S pattern. (Reverse with PC the normal way up of course!!!)

But, I'm thinking that the MMs/Hedgies/Banks etc will be expecting a break of the neck line so PA may fall away from current levels back to last major SR level before mounting an assualt on the neckline. (ie NFP drives PA to an SR level)

I could be wrong and it may sail straight through. But this is Forex - it's never as it seems - it's all a subterfuge to suck us minnows into the pan before roasting us alive!!

I'll be on the sidelines tomorrow - until the first 4hr period after NFP when the market has shown her hand - then re-assess and maybe a cheeky trade? Who knows - 'let PA point the way!!' (Hey, that rhymes;cool!)
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Trade less and become more profitable!
  • #1,613
  • Apr 2, 2009 5:31pm Apr 2, 2009 5:31pm
Quoting AstonDan
It's a work in progress Naws but i don't mind sending you it. I want to figure out how to get IT to calculate my R/R, % risk etc automatically, but i'm not that great with excel. PM me your email address and i'll send it to you and you can do what you like with it.

I save it in one folder in which i also save images of each trade at entry, i then hyperlink to these images from the spreadsheet which is easy to do.

Dan
Try these Dan
Attached File(s)
File Type: xls Position Sizing.xls   24 KB | 1,295 downloads
File Type: xls Position Sizing Aggressive Calculation.xls   55 KB | 1,107 downloads
File Type: xls Mike's position_sizing.xls   17 KB | 1,112 downloads
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,614
  • Apr 2, 2009 6:21pm Apr 2, 2009 6:21pm
Here's the beginning of my journal.

How i'm finding it help my trading is just as Strat said - by writing everything down, seeing it in black and white, you have to justify there and then, why that trade seems a good idea.

You can see how flimsy and trigger happy i've been this week by looking - the ol' one eyed monster (i've had a bit of spare time this week). But i think this is great, because next time i'm looking at something similar, i've got records to show what has and hasn't worked.

Again, i hope this helps some other rookies like me.

Dan

Attached File(s)
File Type: xls DP.xls   36 KB | 757 downloads


Oh, by the way, you won't be able to link to the charts (i hope), as they're stored in the same folder on my desktop.
  • #1,615
  • Edited 7:03pm Apr 2, 2009 6:53pm | Edited 7:03pm
Quoting strat
Slowly does it, Geoff, no rush.
Your analysis is good - the 20 and BOSS 20 are supporting prices PLUS a major support 0.5550. If you want to call it a target that's fine but yes, the next major resistance is at psycho 0.5900

With regard to your charts, there seems too many S&R lines - only add those where there previously has been confluence of support and resistance or lots of congestion. Also your chain dotted lines are too bold and strong for me and take my eyes and focus off the candles. It's like viewing through shutter blinds.

Also, I...

Hi strat,
thought i would post another chart, eur/chf this time, i think my setup looks cleaner this time?

this pair looks to be in a down trend to me, but it has made a higher low on the weekly and definately has a swing to it on the daily, so maybe it is trying to turn.

it shows a bounce on the 382 fib at support and the boss 20,

major resistance coming up i think will be 1.5400 then will be the boss 50 after that.
btw those 2 candles at the bounce combine together rather well dont you think? a lovely couple

also my trend lines, i have been drawing them from close to close.

cheers
geoff
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  • #1,616
  • Apr 2, 2009 7:55pm Apr 2, 2009 7:55pm
Hello
My trading has really improved this week and two things made that happen for me ...
1. I kept a journal of my trades and took a screen shot of it. Before I took the trade I wrote down for myself the pro's and con's of the trade. This alone kept me out of two really bad trades. I then entered the results and I plan to add screen shots of what happened after I exited too. Forcing myself to do this has really made me justify my trades to myself and has helped with my personal discipline.

2. I was very strict with my position sizing and risk. On two trades I got really good entries with tighter stops which meant (trading the same risk %) my position was much bigger than usual. This has made me really profitable and made up for my losers. I probably have spent as much time with my excel sheet as I have with any chart this week but being profitable is important.

Have a great weekend
Nicola



Quoting strat
From my Post # 1480

2) Keep a journal of every trade - and review them once a month or once a week. Preferably take a screen shot of the chart when you make the trade so that when you go back to review them you can see what you were looking at when you made the trade. Write about what was good about the trade and what was bad. If you keep doing this you will find that you start making less bad trades and more good trades. You will also hone what techniques you like and what works for you.

Perhaps you can show to others how doing this...
  • #1,617
  • Apr 2, 2009 8:33pm Apr 2, 2009 8:33pm
Quoting strat
Hello Levent,

Thank you for posting

While I know the floor traders have access to information that the common "Joe" doesn't, there are still many successful, profitable and professional traders who have nothing more than us i.e., eyes, ears and a computer (some with just a laptop) and are able to consistently succeed where we fail.

Just to name a few, Wayne Jackson, Peter Crowns, Joel Renski and Mark Norris; and they are all consistently successful without indicators.

They are the examples for us to follow and emulate (well me anyway)...
HI there Strat, great thread you have going here. I was reading up when I came across this answer to the statement made on the previous page. I trade DIBS (daily inside bars) which was a strategy given by Peter Crowns (who I believe is brilliant). I have also read some post from Joel Renski (who goes by the alias TheRealThing here on FF) who really opened my eyes to the reality of trading and also Wayne Jackson who trades the EUR/USD with an Anti Hedge strategy and who also has a Turtles group that is doing very well. There is a great deal to be learnt from the minds of the few who have had great success over there careers. How they go there is no mystery. They mastered there craft after many years of frustration and continue to trade the same ways day in day out.

Like you have mentioned at the start of your thread the daily, weekly time frames work best for you. I myself am able to trade the small time frames and walk away. If my order is executed an alarm goes to my mobile. I accept the risk of my trade therefore I dont need to be there to monitor it.

Best of luck, and for those looking for some great insight into the minds of Professionals I suggest you google the above names and learn from the info they have provided.

Take care all
  • #1,618
  • Apr 2, 2009 8:35pm Apr 2, 2009 8:35pm
Quoting elitejets
Hello
My trading has really improved this week and two things made that happen for me ...
1. I kept a journal of my trades and took a screen shot of it. Before I took the trade I wrote down for myself the pro's and con's of the trade. This alone kept me out of two really bad trades. I then entered the results and I plan to add screen shots of what happened after I exited too. Forcing myself to do this has really made me justify my trades to myself and has helped with my personal discipline.

2. I was very strict with my position sizing and risk....
I also use a program Camtasia to record my chart live and what I am looking at before I execute a trade. I keep a journal with all my trades recorded and a tab on which Video it was. It has helped me as I can see right there infront of me the reason for taking a trade.
  • #1,619
  • Apr 2, 2009 10:31pm Apr 2, 2009 10:31pm
Quoting geoffrod
Hi strat,
thought i would post another chart, eur/chf this time, i think my setup looks cleaner this time?

this pair looks to be in a down trend to me, but it has made a higher low on the weekly and definately has a swing to it on the daily, so maybe it is trying to turn.

it shows a bounce on the 382 fib at support and the boss 20,

major resistance coming up i think will be 1.5400 then will be the boss 50 after that.
btw those 2 candles at the bounce combine together rather well dont you think? a lovely couple

also my trend lines, i have...
I don't bother with this pair normally. Yes, much cleaner charts and you will hit resistance at psycho 1.5400 but there is no price action to trigger a trade. Those two candles "off the bounce" just cancel each other out so they don't tell me anything

For my method, trend lines should be drawn from a swing close or meaningful support or resistance close
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,620
  • Apr 2, 2009 11:02pm Apr 2, 2009 11:02pm
Quoting strat
I don't bother with this pair normally. Yes, much cleaner charts and you will hit resistance at psycho 1.5400 but there is no price action to trigger a trade. Those two candles "off the bounce" just cancel each other out so they don't tell me anything

For my method, trend lines should be drawn from a swing close or meaningful support or resistance close

ok teach no probs, thanks for looking.

i am not contemplating trading this pair either, i am just pulling up as many charts as i can to practice setting them up and trying to see setups with price action and s/r and fibs.

cheers
geoff
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