Lohad - Final Cut - M1 System

Groggy this morning, trying to clear my head working on only 3.5 hours of sleep, will have to catch some zzzz after mid NY.

Attached picture shows a trade I almost executed (2/3) but did not get into. Reasons: Right on 200 sma, M1 SRSI was above the "cutter" on my FXI. Will see how this turns out.

Man gotta wake up.

Lohad

Screwing around and missed a 3/3 entry on EU. Need to focus better.

Has anyone trading with IBFX been experiencing more requotes as of late. I used to have this issue about 9 months ago, and then it was better, but then it seems to be getting worse during the last week. Every time this becomes an issue, I keep thinking that I need to get a better broker for my type of trading.

Lohad

Shorted EU 2/3

I am too jumpy. Sometimes I need to make a trade to get the juices flowing. Got out too early (My last biggest hurdle I feel) Could have grabbed some pips here.

L GU - Bad exit, out too early. Will keep working on it. +5

Lohad

Reason for quick exit, I was looking at the M1 SRSI crossing my "cutter" line on FXI, It did go for a few more pips, but finally did the "exit cross"

Lohad

2/3 signal on EU, but watching Dbl Bottom, will sit this one out

Lohad

yup support line rejected short........... for the moment

Lohad

Embarrassing but I will take it, I guess. +1....... again leaving too much on the table. Gotta get better at my trade management.

Lohad

Attached picture shows a negative trade -10 pips but then got it back with a 2/3 sig +10, at least it puts me back in the positive for the day.

Really was not comfortable with my short entry, jumped the gun, had the signal but did not confirm, last signal after I entered.


Lohad

I have to stop messing around on FF as much. Missed two entries on each EU and GU. Thinking about calling it a day. Focus not with me. At the moment I am 3-1-1 on my trades with a pip total +6. At least it is a profit, but a dismal failure for what was left untouched.

Lohad

Hi Lohad,
Great to see this thread. I'm really looking forward to giving it whirl, but I',m having a problem getting the super rsi to look like your chart. Mine looks like a standard rsi without the bar. I also have no idea how to get the multiply time frames on the same chart (using mt4).
Any advice would be gratefully appreciated.

Hey Fence,

Thanks for stopping by. Did you happen to load the template that I posted or are you trying to add the SRSI maually. The template should have the SRSI modified as to the way I show them. Let me know if you are adding these in manually. It is a little bit of a process but I can show you with some screenshots. Let me know.

Lohad

Lohad,
I downloaded the template again and reinstalled it and its all there!
Thanks for the reply thou.
I'll let you know how it goes.
Fence.

I am glad it is working Fence,

BTW, I have found that the best times to trade this system is from London open to mid NY Session (London close) and also I am finding during Asian session for the Usd/Jpy, Eur/Jpy and Gbp/Jpy. I may decide to try trading the asian session from time to time.

Lohad

Hello Lohad,

You are absolutely correct. The London session is when the money talks.


Regards,
Jeff

Alright feel well rested today. Maybe my focus will be better today!

Right Now - I prefer Van Hagar over Van Halen.

Time to go bag them pips...... hopefully

Did not take this last signal for two reasons:

1: Concerned about previous high
2: Right at the 6400 number.

Was a good signal though.

hmmmm.

Man o Man.

Again not happy with myself. System is working great. My mental approach needs some dire improvement. started the day with 2 losses for a combined -21 pips. Now I am 6 wins and 2 losses and I am at -3 PIPS for the day. Embarrassing. How does one trade at 75% (as far as wins/losses) and still be at a negative? And all of my winning trades went a minimum of 6 pips further after exit. on average they went about 10 pips further. Need to get to the point where I trust my system better. An easy 100 pips left on the table the last 2 days.

Lohad