Lohad - Final Cut - M1 System

Long GU, had my signal but lost it, need to confirm before entering. Will see how it turns out

Maybe exit coming

Out -13, -41 for the day will post a pic but looking for short.

Out -11, -52. Getting chewed up this morning, BUT learning some valuable information.

Will post thoughts later.

Entered Long GU.

Obviously this system will need some discretion. But I am not changing my method for this exercise. I need raw data and build form there. Getting loads of information here.

I heart feels for you. Hard lessons to learn live trading.

Don't see any ema's for support and resistance. I thought you were using the 200 sma or ema? or maybe the Trend Master ema's.


Steve

Thanks Steve,

I figured this would happen. Not worried about it though. I am using the EMA on the 5minute system which will be next to "test". However I always test and trade live. Gives me the best "feel" for trading when I have "something" vested into the trade.

I am not wavering on this. I am actually getting good information here. My goal in this is to try and learn the best entry signals on this indicator. Still have a lot of faith in this system. We will see how the dust settles.

Trading so little of an amount that even if I lose 500 pips today, it will really not effect my account balance.

Should be interesting.

Lohad

One thing to note: I am not paying attention to M5 direction when making trade decision. Like right now I am going long on M1 when M5 still shows short.

wow-21, -73 for the day. If I pull this off to profit I will be amazed.

Ahhh Stop Loss hit. +1

88 more of these +1 trades I will be in profit

important data coming out 20 mins or so, nonfarm payroll, can and does move mkts..
sometimes big moves leading into the data report also..
every business has business expenses,
learning to trade for me is something like learning to eat with chopsticks...
We love you...

I wanted to hit this short, but I think I will let a little thing like NFP pass first. Learned my lesson from earlier this morning.


Lohad.

Thanks Jiva!

Learning TONS today. I think I will be able ot pull out of this today.... Stay Tuned....

Lohad

The comeback trail....... +2, -109....

Wow,

Getting my arse kicked. Very bad idea to trade between these two news items. Well I will walk away until the next news passes and recollect myself. Down 152 pips. See if I can get some of it back.

Tough Day. Not sure what happened. I was so confident on this system the day before, then today I could not buy a pip. I am not sure what the count was. I lost track after 172.

Well I could pout, I can have a pity party, or I can knock the dust off and get back on the horse.

GIDDY UP!

Be back at it tomorrow. More testing tomorrow see if my reads get back on track.

Lohad

They will....
And you'll get even better than before the bump in the road...

Thanks for the support Jiva. I am not sure what went on happened yesterday. Yes I think I NFP and other news had something to do with it. But my biggest enemy was myself. I went about this test all wrong. First of all, bad day with all the news to test the limits of a system. Trading with reckless abandon. Not taking in logic for each trade. Bad way to test a system. I was looking for a proper exit strategy and I forgot all of the rules for my proper entry strategy. Start digging a hole then ALOT of revenge trading to try to get it back and force the issue that the system I was working on was sustainable.

So today back to more testing, playing low amount again but going to try to take a better approach on entry. I will have bad entries today because I will take most of them because I feel this will help point out to me bad entry scenarios, but I will try to be more disciplined.

As usual I will post the results.

Lohad

Again a lot of news today so I will try to tread more lightly today.

Lohad