Little jumpy today due to yesterday I am guessing. No reason to get out on EU but +3 any way. Not use to that "plus" sign in front of pip totals lately
Just a little bump in the road yesterday. I expected losses and I got em. I will be honest I did not expect that bad of a day. But learning stuff about the system and MAINLY myself. I beat myself yesterday.
So-So day so far 2-2 on trades -13 for the day so far. It is early though.
Well I had a little better day finished +5. Not great but more then I started the day with. Also I found something that I have noticed over and over again today. I am excited to give this an extensive test again tomorrow. Hopefully I have a better day of testing then yesterday. Today was mainly watching and taking only a few trades. Tomorrow I am anticipating putting this to work more and taking more trades. Feeling better about things!
Markets are dead ATM. I hate morning likes this. Will think about waiting until US news is out of the way to see if this will kick start markets. Yawn.....
Yee Haw! I know I shouldn't be doing this with the dead market, but trying to scalp the EU as dead as it is. 1 trade under my belt. +2. Just practicing entries.
Been working on things here and I have had some pretty good days, nothing to really brag about. Really not getting enough trading in the last two days. I have been working on this indicator to help compliment my system. My issue is adding another indicator window. I like to have only one if possible, however I am currently at 2 and I see no way around it.
But I am having an issue getting it to work properly. This indicator works great for my purposes, however I need to keep refreshing it to have it "catch up" to PA. So if there any programmers that would not mind giving me a hand I would greatly appreciate it. I did post this on the programming thread.
The last two days, I have pretty much left the system in tact besides looking at some new candle type that I received from an old trading partner. Looks good early on, but there is more testing required.
Yesterday I ended +23 for the day. Still having issues on getting the most out of my trades. BUT learning to to cut bait on my losses sooner. yesterday I only had one loss for 4 pips. The last two days I have been 12-3-3 on my trades. So the good part is that 15 of my 18 trades this week have either been in profit or break even. I have also been utilizing M5 a little more. On M1 trades, I am 6-1-2 and on M5 trades I am 6-2-1. I placed 11 trades in GU and 7 trades on EU. I am beginning to favor the GU over the EU and I am looking more into EY and GY. The GU, EY and GY are much more of a mover and I like knowing as soon as possible how my trade is turning out.
Looking to amp up the number of my trades as I have gotten more confident in this system, however not looking to get in too much action today with US banks closed today. May just throw all M5 charts up and look for small scalps here and there.
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Joined Sep 2006
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Status: God so loved the World
|941 Posts
Sounds encouraging.
Would be great if you can increase your tp's; I got tired paying brokers for profits less than 5 pips; paying 25% to brokers never made me feel like I was trading right. But I know several pro's who make a living off 5 pip trades so I still pay attention to their success. Most of the time they let 1/3 or so of the trade run to a bigger target. That's something I've not done much.
Would be great if you can increase your tp's; I got tired paying brokers for profits less than 5 pips; paying 25% to brokers never made me feel like I was trading right. But I know several pro's who make a living off 5 pip trades so I still pay attention to their success. Most of the time they let 1/3 or so of the trade run to a bigger target. That's something I've not done much.
Steve
Ignored
I hear exactly what your saying Steve. These numbers are a little skewed. I had more then a few trades where I was up +10, so I set SL at +1 and tried to let it run only to end up stopped out. So I am still trying to decide if I am just going to be a target TP trader shooting for 5-10 based on market conditions or try to be be more of a runner on my trades. If I can keep my winning trade ratio high enough, I would not mind a RR of 1:1.
Doing what I thought I told myself not do. Take a M1 trade today. Leary on it due to bank holidays. However.... a pic of a short on GU. Man I need to get this indicator fixed. Getting tired of refreshing it manually.....
Didn't trade too much yesterday because I was worried about the banks being closed. Finished 3-0 on my trades however. This week I am up to 16-3-3 on my trades. Hopefully I am gaining the confidence to trade this system more now. Looks like PA is moving today so I will be hunting pips this morning.
Got into this nasty little trade. Took the signal and it did not work out. Signal was proper however As you can see slight trend up on M1. -7 on this trade. Does not bother me because I feel I will get this back and more today. Just a cost of doing business.
