Trade what you see NOT what you expect

Thanks guys...cooler heads prevailed

Ya never know what ya gonna git

Very true. I use a very tight stop. I took 2 trades for a total of 65 pips.

Thanks.
Just got back. My short is still running from when I left.

I stopped on the way home and had an excellent seafood buffet. All you can eat for $8.49. I more than got my money's worth. I'll bet they don't want to see me come back anytime soon!

Are you working on bankrupting another buffet place?

I had no choice. The last time I went to a Chinese buffet, the manager came to my table and told me,"you go now...you been here tooooo long."

My H4 closed at 1:00 EDT very bearish, but my current hourly is just closing is very bullish so I took a long at 6503 to go along with my short.

You didn't ask for a hand stamp so you could come back for dinner did you?

No, I wasn't smart enough to think of that.

It sounds like you've managed to pull that one off, though.

Anybody taking the H1 62 play?

No I'm not. I'm going out for a bit and probably won't be back until the Asian open. Take care.

Hi all.

I have a question for anyone who is pulling consistent pips out of the 15M charts.

How much screen time did it take you to start making consistent pips?

I have been trading the 4H charts and above for a long time and I would like to start trading Cable on the 15M chart.

Focusing on this one pair trading full time what would you say is average screen time before she begins talking to you and you start seeing results?

6 months?

year?

I would be very interested to hear EO's views on this but anyone who has experience please give me your thoughts.

If you really study the entries the main players talk about and link them to the pdf file and read all till you have it down. Then even if you don't take the trades mark where you feel you see trades then at the end of the day go over the areas you marked . I believe the learning curve could be fairlly quick.

If you just sit there and wait for it to gel it may never come to you. It is like learning anything, the more YOU put into it the more you will get out.

If you don't understand something ask. Everyone here is willing to help each other. I consistentlly make pips off these ideas but haven't gotten past ME yet.. Having come from higher time frames and knowing to wait for your profit targets is a advantage.

As far as EO responding ask again during the us session.

But yes if you have a core understanding of trading it should not take 6 months. Another thing there are alot of different trading ideas here you might just want to pick 1 or 2 and focus on them at first then add others as you gain skill.

Good Trading Ken Lee

Thankyou for your responce it helps alot.

Good answer Ken

Welcome to the thread! Anytime you have questions, please feel free to ask. I believe our resident Mr. Ken Lee has provided a very good response as well. Thank you Mr. Ken Lee!

Focusing on one pair for trading full time is just that. It's an 8h day and more. I spend screen time straight from 9:15am to 5:15pm EST. When I get up in the morning, I'm looking at price and charts from 6:30am to 8:15am EST. Sometimes on 15m intervals, sometimes on 30m intervals. Depends on PA and where price is located. If I trade the Asian session, I'm finding charts on 15m to 30m sometimes hourly intervals from 6:00pm to 8:15pm EST and then from 9:15 to around midnight. I'll sit on the couch and watch TV but check my charts and pa. If I don't do Asia, I like to trade close of Asia and open of London. Starting around Midnight to 4:30am and I'll grab sleep between 1:30 to 2:30 then again back til around 3:30, then in bed by 4:30am. Being that your understand h4 trading, you should catch on. We're using our pa on the 15m charts along with our ma's on our upper time frame charts to play towards or away from. There are some strictly 15m trades that we use to get into the market once she's broken out of her range and decides to shift and take a position for a while. If I miss an entry after she's broken out, I'll look for an entry off the 15m 5/10 and even 21. We have to be able to define the key areas where sellers and buyers are going to be waiting. These areas we will let pa lead the way and pick a cherry of a seat. Not every position you take while trading will yield 100+ pips, but if you can consitantly make pips on certain setups, why not take those as well. The key is a controlled risk to reward ratio. The trade is the trade, there is nothing we can do to change it once we enter the market. Accept your SL (if your entering the market and don't know where to put your SL, don't enter), have your targets in line and TP and cover. If the trades goes to shit, it goes to shit. So what. There's another trade. I've tried to move the market and believe me, you can't. Cable can move unlike any other currency pair.

As I've reread this. Don't be scared of the hours I trade. I don't always trade those hours day in and day out. There are times I'll only trade the London Open and the the whole US Session and the gap in between the close of the US and open and the Asian. I like to have my family time and trading is always there. Can someone make consitant pips, just ask anyone else in the thread. There are plenty of traders in this thread that are bringing in more pippage than me. I applaud them ! Try and adapt this style of trading into your personality. If your looking to make 30 pips a day, you can do that in about 2h worth of work and your done. Now, the key is this, what's you pip value? If you can do $100 pip value, then your bringing in $3,000 per day on 5 days a week, well you can do the math. If we use higher percentage trade setups, then we're stepping ahead of everyone else, able to book profit, cover our positions and manage the move.

I wish you the best and like Mr. Ken Lee posted, anytime you have questions, just ask. Someone and I'm sure sometimes more than one will provide a response. We have a friendly thread where everyone is welcome, but please understand, it's focus is around our style of trading.

Trade well!
EO

EDIT: You also asked about how long before one begins to see results. It's all up to the individual and their abilities. Demo it for a while on a $500 demo account and not blow it in a month. Let me know at the end of the month your results.

tweezer bottoms on the 15m?

and the H1 within 1 pip

Thankyou EO for a very detailed responce, I was wondering how in hell you managed to pull a 1000 pips a wk, now i see how much time you put in it makes sence.

Many pips to you.

Good day chaps. Welcome to the chaos hour. Looks like the action all kicks in in 30 min with ECB conference and the hairy scary NFP. Hope u are all covered and got your nappies on coz it looks like its gonna hit the fan today. I am on the sides till happy hour settles.