Lohad - Final Cut - M1 System

I know how it can get with people asking me this and that when I'm not even all that sure myself and in developmental stages. It can be a distraction, I don't want to do that. Thank you for whatever you can do to respond. Please stay focused on your trading...
It's just that I have learned so much from your efforts....
Thank you...
jiva34...

No Problem Jiva, It is not a bother what so ever. Just getting into the swing of things. Had some computer issues. Some people in this house think they can open any e-mail......

Now on to trading. I will post how I have been using this indi as soon as possible

Lohad

Hey Lohad, have you tried your system on higher timeframes? Was wondering how it looked on M5.

Thanks

Hi Lorad:

A few of the trades I took or could have taken during last few hours. This stuff works.

I was modifying this method and failing. Went back to original indy's with a few moving averages I like for support and resistance...now it works again.

Thanks Lorad,

Steve

Hey Steve,

I am glad you are seeing some good set ups with this. I have been replacing the FXI Ravi with something a little different. Now that my computer is fixed I can finish writing up how I use the new the indicator.

I will post soon.

Lohad

Great!

Testing this and will report at the end of the day. Here is a 5 pip scalp on the beast.

Lohad

OK, been working on a tweak to my trading method on the simulator over the weekend. Just KILLING it. This is a bad sign though, every time I master the simulator over the weekend, I get killed on the live market. We will see. Gonna give this method a test drive live today dropping down amount played to give this a shot. I will report my findings today. Gonna go BAG THEM PIPS!

Lohad

Cloud Deck also proved to be solid last Friday and on Simulator. However works really well on M5 charts (not as reliable on M1). So good that if this new version I am working on today does not perform as well, I may have to go to M5 trading.

Lohad

Good luck with it today.
Steve

Thanks Steve! I wish I could report good news but I can't. Yesterday was a terrible failure. There is a good note. The system rocks. The trader however sucks. If I would have followed my own rules that I created and let the system run, I would have killed it yesterday. Even funnier last night during the asian session ( I do not trade it much), I was showing my wife why I was frustrated.

I entered a trade on GU with her watching and set a TP and a SL and I said to her that we are not going to watch it, we are going to walk away. We came back later only to see the TP was hit. Then before I had to leave to take my son to cub scouts, I drew an arrow on GU where I thought price was going to go and I told her to watch, price will get there (wasn't guessing, just had a signal form the system). She called me up while I was away amazed on how I knew where it was going to go. I nailed it within 2 pips.

Now she is excited yet frustrated with me, because now she sees how I myself is my biggest enemy.

So day two with these systems, leave the emotions at the door and let the system run. I will see how it turns out.

Lohad

OK this is what I was talking about in my last post. Stone cold, Emotionless. The attached picture is a trade I took on M1 GU. Yesterday, I was closing on the pullback for a loss, but the system said "No way. You sit on your hands young man" I let it go and finished +10 and the trade is still diving. I know I should have let this run, but Rome was not built in one day. I will get over the emotion issue and then work on better trade management.

Lohad

Another no emotion trade. Got out at +7, got out because I was watching the round number 6300 area. Moving on. Have to remember emotionless means emotionless. Not to get excited about good trades.

Lohad

This was tough. Just took a short on GU. Had quite the draw down. VERY tough to hang in there. Worked out though. Was not emotionless, but I was determine to let the system work. 3 trades, 3 wins +27 for the morning .

Lohad

Did not take the attached signal. Was watching and marked where I would have gotten in before the move was in progress, but was in the process on working my m5 system. Would have put me in a position to manage this trade...... had I taken it.

Lohad

Somehow I knew you would relate to my posting in my journal.
re: faithful
We are building character here as well as a trading system
that is becoming more obvious to me...
My weakenesses as a human being cannot be ignored and expect to become a successful trader.
This endeqvor puts everything on the line...
For this reason I will never quit. Forged in the fire of ordeal...
Become a true metal....

Not sure I wanna press my luck too much more. 4 trades today = 4 winners. I am up +32 slightly above my daily goal. May decide to work on my M5 strat. Market to be stalled at the moment. May wait for break out to happen then trade the aftermath.

Lohad

Don't trade anymore till Asian...lol. Always another trading session coming up. I see you got rid of the FXI and replaced with MTF rsi lines;

Seems a 100% mechanical system is the only way to leave emotions at the door; trade the system cold hearted and let the probabilities make you a winner.

Glad its working now.......well, its perfect so far!!!

Look forward to getting the new method and trying it.

Steve

Hey Steve,

Hows the trading been? Much better for me today. Had a meltdown yesterday. The good part is that I traded such a low amount that it did not really hit my account too bad.

Today, still traded a low amount per pip, but I feel I corrected myself. I just had to let the system do the work. I did not place anymore trades yet, but I may during the Asian session.

Still only seen 2 false entries in the last two days. I take that back. I seen a false entry on my M5 system today. But I have been following my M1 system more closely, So I bet I could find more false entries on M5 if I wanted to.

I will post the M1 system here. Just trying to put the rules in a format that people can understand.

Lohad

Still trading Ichimoku using 1h and 4h charts. Scalping a few demo trades with Trade Master: http://www.forexfactory.com/showthre...34759&page=167 see post# 2399 & 2503
its worth a look; uses 3 MTF rsi's....just not many trades so he monitors more pairs.

My effort to combine the ema's with your method failed.

I think what you are doing will work very well.

Thanks for checking in with me.

Steve