stratman.
sry to bother u but can i haf ur template for picture 2 ?
sry to bother u but can i haf ur template for picture 2 ?
- #15,564
- Nov 17, 2009 11:52pm Nov 17, 2009 11:52pm
[quote=stratman;3240394]Had my first losing trade (8 pips) on Monday after a run of 5 days without a loss. Made +35 pips in the Tuesday session.
I'm in a GU trade right now based on the M5 rules being met (entry on M1 rules) and break of trendline on my M15 Analysis. The break occurred just above a big round number 1.68000
I got to 13 pips profit but decided to leave the trade in as I see plenty of potential for more ... not quite scalping but still following thv rules.
EDIT: Entered at 1.6814 (short yellow horizontal line)
Attachment
That's still awesome trading for someone still relatively new to this risky business. Just keep to your plan as it seems to be working and you'll do just fine.
I'm in a GU trade right now based on the M5 rules being met (entry on M1 rules) and break of trendline on my M15 Analysis. The break occurred just above a big round number 1.68000
I got to 13 pips profit but decided to leave the trade in as I see plenty of potential for more ... not quite scalping but still following thv rules.
EDIT: Entered at 1.6814 (short yellow horizontal line)
Attachment
That's still awesome trading for someone still relatively new to this risky business. Just keep to your plan as it seems to be working and you'll do just fine.
--- Gone --- RIP 11/27/09
Not at this point.
Look, this is one of the largest system threads in FF (if not the largest) and all what was done till now was free. If I or any of the Team members would dedicate his/herself going deeper in in THV education it would take time from his trading or private life and would need to be honored.
I want to keep THV free as it was always so please take your time and read through the lines, everything needed for THV trading is explained here.
D.E.
- #15,579
- Nov 18, 2009 10:51am Nov 18, 2009 10:51am
stoped out at -15 pips when fast coral turned red.
any suggestions how this one could be filtered out?
(it was taken 20 minutes before news)
--- Gone --- RIP 11/27/09
- #15,580
- Nov 18, 2009 10:54am Nov 18, 2009 10:54am
stoped out at -15 pips when fast coral turned red.
any suggestions how this one could be filtered out?
(it was taken 20 minutes before news)
Well I'm not in anyway an expert but for what its worth these would be my observations.
I would trade with an M15 chart and use the M5 to fine tune my entries.
I would have the Stratman Mini Charts up on the M15 so I could see the bigger picture and it clearly shows that the market was generally Bullish for most of the day. H1, H4 & Daily all green. Your trade was going against the tide a bit. I would have only taken Long positions today.
I would wait for a pull back on the M5 chart and then enter when I got a cross on the M15 Bullish, (at the time of writing this you see my M5 Trix is showing a potential pullback and the Histo lights are conflicting, so for me still no confirmed entry on M15, even though I have a cross Bullish at the zero line. I also have an Laguerre RSI indicator added to help confirm strength of the trend.
Also on my M5 chart I have other indicators to help me see what the strength of the different currencies are and an indicator showing me S&R levels across M15, H1, H4 & Daily (the coloured dots), so I can see how far away there might be any areas than could cause my potential trade a problem.
As Cobra pointed out to me once....Patience is the name of the game... you dont need to be in every trade.....its about ambush and putting as many of the odds in your favour, before pulling the trigger.
Hopefully this helps...anyone disagree, please say......
cheers
ab1