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The Raz Method

  • #61
  • Oct 21, 2009 6:33am Oct 21, 2009 6:33am
RAZ: the 30m Uchf histo is very slightly rising. Did its signal line overrule that?

How much weight did the ADX below 25 and flat 30m 3ema have?

Thanks for helping us so much.

Steve
  • #62
  • Oct 21, 2009 6:47am Oct 21, 2009 6:47am
Well first loser of the week, but it happens.
Trade Like a Robot make money Like a Bank
  • #63
  • Oct 21, 2009 6:51am Oct 21, 2009 6:51am
Quoting stevewide
RAZ: the 30m Uchf histo is very slightly rising. Did its signal line overrule that?

How much weight did the ADX below 25 and flat 30m 3ema have?

Thanks for helping us so much.

Steve
I should have taken that into play, but I fell recent drop in histogram gave me confirmation, even though it did rise just slightly, signal line was down. Yes the line was below 25 line on ADX, but I took the risk. And yes it was a loser. Will document loss reasons here, but still looking forward. Good job on your analysis.
Trade Like a Robot make money Like a Bank
  • #64
  • Oct 21, 2009 6:54am Oct 21, 2009 6:54am
sorry for the loss.

Your teaching from live trade allows us to see as you see and think in real time.

God bless you for helping me.

Steve
  • #65
  • Oct 21, 2009 7:18am Oct 21, 2009 7:18am
Quoting stevewide
sorry for the loss.

Your teaching from live trade allows us to see as you see and think in real time.

God bless you for helping me.

Steve
Forward testing is the best type of testing. I am currently trading a live account of $400. So if I lose or win its not big either way, but the fact that it is live it gives me better feel for the current opportunities. The thing about losses is that are unavoidable, however with this method I have learned they are very limited. I average about 2 to 3 a week, and about 11 to 13 winners a week. So if I can catch all the signals I will always be positive.
Trade Like a Robot make money Like a Bank
  • #66
  • Oct 21, 2009 8:02am Oct 21, 2009 8:02am
with a $1,000 risking 2%/trade allows $20 to risk/trade.

$20 divided by 25 pip sl=0.8 minilots/trade.

Therefore, if you make 200 pips weekly that's $160 using a $1,000 account, or 160% weekly..........

DANG............I see your point
  • #67
  • Oct 21, 2009 11:03am Oct 21, 2009 11:03am
hey raz

cool method you have here ... looking forward to test it

what do you think about this chart is this a trade ?

thx in advance
iT
Attached Image (click to enlarge)
Click to Enlarge Name: pic19.gif Size: 21 KB
consistency wins
  • #68
  • Oct 21, 2009 11:22am Oct 21, 2009 11:22am
Quoting iTrader
hey raz

cool method you have here ... looking forward to test it

what do you think about this chart is this a trade ?

thx in advance
iT
This is not a trade, the +di is going down, macd is showing a sell momentum....i wouldnt go for a buy now...
  • #69
  • Oct 21, 2009 11:23am Oct 21, 2009 11:23am
Quoting iTrader
hey raz

cool method you have here ... looking forward to test it

what do you think about this chart is this a trade ?

thx in advance
iT

Hi, I think if u can get 9.10-9.15 then buy. if not, then wait, it is not confirmed yet. my opinion
  • #70
  • Oct 21, 2009 11:40am Oct 21, 2009 11:40am
Mr Raz. +25 on sell of USD/CHF again confirmed signals...!!!!

btw i woudnt have taken the sell you took at that time...adx was not confirming!!
  • #71
  • Oct 21, 2009 11:58am Oct 21, 2009 11:58am
ok thx, i was not sure about it either

please if you can always put in charts so its easier to understand which situation you meant, and its easier to learn from pics thx.

iT
consistency wins
  • #72
  • Oct 21, 2009 12:57pm Oct 21, 2009 12:57pm
no problem sir nx tiime will upload charts as well!!
  • #73
  • Edited 2:04pm Oct 21, 2009 1:04pm | Edited 2:04pm
Quoting iTrader
hey raz

cool method you have here ... looking forward to test it

what do you think about this chart is this a trade ?

thx in advance
iT

Was out for a little bit, thinking I could sleep away a few pips. Here I would definetly agree with Psycic. ADX is pointing down and the histogram is losing momentum. So pass the trade is what I sould have done.
Trade Like a Robot make money Like a Bank
  • #74
  • Edited 1:49pm Oct 21, 2009 1:07pm | Edited 1:49pm
Quoting Psycic
Mr Raz. +25 on sell of USD/CHF again confirmed signals...!!!!

btw i woudnt have taken the sell you took at that time...adx was not confirming!!
Good job, I did miss this one, took another nap. The one I took was a bit of a weak signal, so I used a little discretion and took it anyways, even though histogram was not confirming at that point. As you can see it hit my stop loss, but went over by just 1 pip, so if I had a little luck it would have gone -24 pips and just head straight south and hit +25 anyways, but its ok I document my losses each time and write down the reasons and move on. Good job on getting it the 2nd time around
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  • #75
  • Oct 21, 2009 1:56pm Oct 21, 2009 1:56pm
I will be able to view thread from work, but have zero access to trading platforms or my MB Navigator. I hope you guys have a good day or night depending on where you are. I will be back later tonight to hopefully snag some more trades.

As a recap of just last night I missed 2 signals, but hit 2, and nailed a looser. Not sour one bit, because loosing is part of trading. Good to see that Psycic and Stevewide are getting the hang of it. I hope that you two can be very successful in this and any other method you guys use. For anyone else wanting to jump and try this method, I will be on practically everyday to help answer any questions the best that I can(Psycic is doing a good job of that too).


Be back later, I hope I don't miss to many signals
Trade Like a Robot make money Like a Bank
  • #76
  • Oct 21, 2009 2:16pm Oct 21, 2009 2:16pm
Hi Raz,

Many thanks for sharing the system, I just found it tonight and applied on my live account. I'm not a successful trader as yet, but looks like I'm learning from some very good guys and soon I'll be. I wish good luck to you all and of course forexfactory!
Holding my candle high up, my mentor lit it up once!!
  • #77
  • Oct 21, 2009 2:23pm Oct 21, 2009 2:23pm
Quoting stevewide
with a $1,000 risking 2%/trade allows $20 to risk/trade.

$20 divided by 25 pip sl=0.8 minilots/trade.

Therefore, if you make 200 pips weekly that's $160 using a $1,000 account, or 160% weekly..........

DANG............I see your point
Wouldn't that be roughly 2000 pips a week ?
  • #78
  • Oct 21, 2009 2:26pm Oct 21, 2009 2:26pm
Quoting cspip
Wouldn't that be roughly 2000 pips a week ?


His calculations are all correct, except that it's not 160% , its 16% weekly.

$160
$1000 = 16%

However the most I have had winners in a week are 365 pips. I believe 2000 is way out of reach. However I should have let Steve answer that, but excellent job to Stevewide on showing a nice profit per week on a rather small account.
Trade Like a Robot make money Like a Bank
  • #79
  • Oct 21, 2009 2:33pm Oct 21, 2009 2:33pm
Good luck everyone, have a good day/night to all.

Raz Out!
Trade Like a Robot make money Like a Bank
  • #80
  • Oct 21, 2009 2:45pm Oct 21, 2009 2:45pm
Thanks for correcting my math. This is an example. It is not my actual performance with this method as I just started. But I've had nice winners except one.

Watching Uj for long but this time of day its just drifting rangebound. Rsi hardly moving at all. Would be nice if it swung down below 40 level, then cross 55 level and close.
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