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Attachments: Time frame and Enter/Exit, Time frame and S/L, T/P relationships.
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Time frame and Enter/Exit, Time frame and S/L, T/P relationships.

  • #61
  • Apr 19, 2009 6:52pm Apr 19, 2009 6:52pm
p.s. scribbling this stuff down, helps me get my own head around it, I'm a untrusting Barsteward so barely trust my own system LOL


Ohhh did I say my system is pinched and very similar to a Fund's system I saw the once, watch the news and see what they have on there screens when there going around the trading houses
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62
  • Apr 19, 2009 6:58pm Apr 19, 2009 6:58pm
Never understood the logic of moving to a 5Min chart, I stick with 1Min, I have a 5Min chart available just to view the longer term whats happened over the day as I come and go alot, but thats about it.


Fingers crossed for a good week, just watching and studying here, no real intention to trade, building up confidence as my trades work.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63
  • Apr 19, 2009 8:00pm Apr 19, 2009 8:00pm
it simply ups the ante as the 5 min gives me longer trades, allowing me to go back to the one and finish up a few trades, then back to the 5 to set some more and then back to the one

as each timeframe plays out, you get the advantage of now being able to play at least TWO timeframes at a time

makes me happy



Quoting Turveyd
Never understood the logic of moving to a 5Min chart, I stick with 1Min, I have a 5Min chart available just to view the longer term whats happened over the day as I come and go alot, but thats about it.


Fingers crossed for a good week, just watching and studying here, no real intention to trade, building up confidence as my trades work.
  • #64
  • Apr 19, 2009 8:04pm Apr 19, 2009 8:04pm
Well if it makes you happy thats all that counts.

Dumped my much loved BB range, I've GOT to stop buying near that stupidly, cause although it works 90% of the time every time I put money on it, its the 10% and CRASH!!!

EJ, Went long sub 10seconds the BAM another loss LOL

I forgot about the Asian 1:30am GMT Open didn't I doh!!! 1:28am Open time LOL



I SUCK!!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #65
  • Apr 19, 2009 8:31pm Apr 19, 2009 8:31pm
got a newb from australia on yahoo pm, and hes made 40 pips so far just playing with gu
  • #66
  • Apr 19, 2009 8:52pm Apr 19, 2009 8:52pm
Quoting mparker
got a newb from australia on yahoo pm, and hes made 40 pips so far just playing with gu
Where as I've turned into a counter trade trader which basically means I'm DOOMED.

I fully expect unless I get seriously LUCKY not recently, to be going back to demo for 1 week awaiting a cheque to clear!!

Marbles LOST dude!!


Wouldn't mind, but Systems Called SHORT all the way down and I'm still HOLDING THE FECKER!!!

I have not traded this bad in nearly a year, basic newbie errors coming back to haunt me.

Don't worry, I'm trading with small account, with cash in reserve for just this reason, over doing it I fear and in turn screwing it up!!


SHOOT ME!!!

Way to go with the Newbie by the way
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #67
  • Apr 19, 2009 9:22pm Apr 19, 2009 9:22pm
set a tp at 4695 or slightly higher if youre chicken

will hit on the 60 min and you can go to bed or bar or bordello or any one of those B places

LOL
  • #68
  • Apr 19, 2009 9:27pm Apr 19, 2009 9:27pm
Quoting mparker
set a tp at 4695 or slightly higher if youre chicken

will hit on the 60 min and you can go to bed or bar or bordello or any one of those B places

LOL

No bars open at 3am in the UK mate especially on a Monday am literally not 1 in the entirity of the UK I'd be willing to bet.

The downside to EJ is, get on the wrong side of it, without the presence of mind to bail and flip sides and well it's a account emptier!! on the plus side get it right and it's a account filler

Must get my MOJO Back and SOON!!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #69
  • Apr 19, 2009 11:48pm Apr 19, 2009 11:48pm
05:50am here and I've just closed my EJ long for some profit, keeps me in the game BUT I need to take a few days just watching, someone change my password please LOL

DO NOT TRADE AGAINST THE DAMN TREND!!

I just don't believe I got suckered into holding that and foolishly though it's a blip it'll reverse and kept thinking it!!!


My System called it PERFECTLY every move down, literally
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70
  • Apr 20, 2009 7:42am Apr 20, 2009 7:42am
OKay, think I've got my head back in the game, after having it beaten around some what.


NO MORE Counter trend trades, no more impatient entries and trying to pick bottoms.

And if something scares me, CLICK CLICK Exit don't freeze like a rabbit in the head lights.


Easy
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71
  • Apr 20, 2009 8:51am Apr 20, 2009 8:51am
have to imagine your experience should keep you out of that trap, but perhaps youre having a few "senior" moments

LOL



Quoting Turveyd
OKay, think I've got my head back in the game, after having it beaten around some what.


NO MORE Counter trend trades, no more impatient entries and trying to pick bottoms.

And if something scares me, CLICK CLICK Exit don't freeze like a rabbit in the head lights.


Easy
  • #72
  • Apr 20, 2009 8:55am Apr 20, 2009 8:55am
Quoting mparker
have to imagine your experience should keep you out of that trap, but perhaps youre having a few "senior" moments

LOL

Yep thats the problem when your 38 mate, you learn something and 2 weeks later your learning it all over again.

On the plus side, I can watch a good film, then 2 weeks later watch it again without realising until the very end


Hopefully that was my last stupid blow out before making my millions, ofcourse I said that about the last stupid blow out

up many today ?? Just Watching and getting my brain cell back in gear.

Ohhhh and Changed the FXCM Platform style to Midnight ( Black ) suites my mood better
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #73
  • Apr 20, 2009 9:11am Apr 20, 2009 9:11am
have mine set to macintosh --- before i had to switch to a pc to trade, only used macs

you do understand that once past 32, its all downhill, and some people REALLY get moving faster than others.

see a doc about that memory thing, but since im the same that is the source of my constant love of mankind --- when i wake up in the morning ive forgotten i was mad the night before

some things are really handy

i find that repeating the SAME task for a few thousand times seems to help retention, although if i were a dog, i would NOT be well trained, even forgetting where my food bowl was

ill get all that crap to you now that im awake and a bit more perky than yesterday
  • #74
  • Apr 20, 2009 9:18am Apr 20, 2009 9:18am
32 is it, forgotten what it was like to be 32, woman start going down hill from 21 not that I'm suggesting switching sides, pretending to be rich keeps me in 18year olds ( Okay I wish )

The Film thing, I was likely thinking about trading and only watched the ending so thats fine LOL

Cool, on your stuff it'll stop me gamblng needlessly for 15mins
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75
  • Apr 20, 2009 9:23am Apr 20, 2009 9:23am
EJ Long near 127 Support, we'll see turning up, come on baby!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #76
  • Apr 20, 2009 5:51pm Apr 20, 2009 5:51pm
Well maybe I've gotten it outta my system LOL

The Final Margin Call help, I coulda took +15pips on the EJ trade and walked away, but NO I held counter trend most of the way down until called.

So send $100 tomorrow ish, take the week of cause I'm SHATTERED and got work to get on with, then Demo trade for a bit until I'm making smart trades and try again.


Just when you think you've got it cracked your up 200% ish in no real time and BANG back to trading like a newbie, STRANGE!!

All good fun, last $100 lasted 14months and over 200trades so paying 50cents to play per trade, acceptable

KISS ask my self, whats the direction ?? I'd of said DOWN I was saying down, yet still I held, so Ask, if it says Down I'm Long EXIT!! DOH!!! it really is that simple, Doh! Doh! Doh!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #77
  • Apr 21, 2009 10:45am Apr 21, 2009 10:45am
NOW, while having traveled most of the civilized world, and a few parts that i would rather never see again, there is a word used by both ancient and modern civilizations that immediately comes to mind !

STUBBORN !

of course, even with my highly advanced abilities, one cannot solve this often seen situation via the internet, but allow me to at least advance something that might help, once you have trained yourself to see the differences between UP and DOWN !

throw this crap on a blank LINE chart (where you have made the line invisible

EMA 2
SMA 5
EMA 14
PRICE CHANNELS -- value of 20
BOLLINGER BANDS ---- TWO SETS -- one at std 20 and second at 50
SUPPORT AND RESISTANCE --- BARRYS

lower panel is for the BRESSERT DSS --- "double smoothed stochastic" whose xovers show trend direction. ONE at value of 8 and second at value of 50

throw in something called "SHI CHANNEL TRUE" which shows each timeframes trend

then trade from support to resistance and back to support on your fav timeframe

ALL of the indicator stuff is available from the likely sources, cause im too lazy to give em to you

with the SHI channel and the DSS your dog should understand the present trend, and all the rest is simply support and resistance points to enjoy

mp

  • #78
  • Apr 21, 2009 5:09pm Apr 21, 2009 5:09pm
LOL and LOL.

Although too STUBORN to exit a trade and take a Loss, could be a issue so I'll part give it to you there.

Your Shi Channel True sounds interesting, will look into that shortly added arrows in the bow and all that.

I think the issue was merely EXHAUSTED, trading Smart takes the hell outta me strangely, I have to fight to force smart trades, which when I do no losses, default trading mode is, theres a bottom, go Long which well yes

So week off, no trading even Demo ( while a cheque clears LOL ) get my head back in the game, took a nice girlie out for a meal tonight, had mates kid rest of the day, just chilling

Confidence is still high, my account will rocket like it was before i got to tired to care!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #79
  • Apr 21, 2009 5:34pm Apr 21, 2009 5:34pm
Your Shi Channel looks interesting, sadly I presume it's redrawing so I'll have to follow it Live for abit to see how it reacts and if there is any value in it to me. ( just seen it redraw so still interesting way to look at the trend )

The DSS, though never likes Over Bought indicators, so unless I'm missing some magic of how to read it, not for me!! but feel free to enlighten me.


As previously said, too desperate for pride or to be stubborn here.


THANKS DUDE!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #80
  • Apr 21, 2009 7:35pm Apr 21, 2009 7:35pm
channel will repaint if either s+r is broken, but will not on the H4 till the following day --- we use it to id trends, which is also the purpose of the DSS
which is not used as a normal indicator, only to show you if its UP or DOWN

and i know someone who seems to need that

everything else is support or resistance, depending on where the price is heading, so remember that we hit resistance and bounce back to support and back and forth normally

the 2 and 5 are great for scalping, especially when you have a retrace and they DO NOT cross back on the downside of the retrace --- that immediately tells you the trend and direction are STILL VERY GOOD

on a 5 minute, you can actually just buy (or sell) ALL of the positons on the charts at one time, set your tp and walk away

got it ?
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