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The Raz Method

  • #541
  • Dec 1, 2009 12:04pm Dec 1, 2009 12:04pm
Well I was way too tired to stay up last night, but looks like after the market squeeze, when all the emas on a 4hr pinch together, usually sends the pairs flying one direction or the other. I did miss a valid Swissy short, and if you wanted too you could have take the euro long, but it wasn't quite valid, but both would have hit +25 pips each. So hopefully a strong trend can form tonight and I will be on all night to trade. Good luck to all, and take it easy.
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  • #542
  • Dec 1, 2009 5:42pm Dec 1, 2009 5:42pm
Here is the valid sig that I missed last night sleeping, it was pratically the only valid sig that did hit. The euro long was possible, but never touched or broke the 55 line, so I am not going to count as valid sig.

CURRENT STATS:
WEEKLY TRAIL:
2 WINNERS (1 MISSED)
0 LOSSES (0 MISSED)
EARNED THIS WEEK $17.66
MONTHLY TRAIL:
STARTING BALANCE $499.83
MONTHLY GOAL $644.20
CURRENT BALANCE $499.83
Attached Image (click to enlarge)
Click to Enlarge Name: swissyshort.gif Size: 31 KB
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  • #543
  • Dec 1, 2009 11:34pm Dec 1, 2009 11:34pm
Live Trade:

All valid as pic'd below

short USD/CAD 1.0442
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadshort.gif Size: 25 KB
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  • #544
  • Dec 2, 2009 12:10am Dec 2, 2009 12:10am
This was a little of a gut feeling along with valid entries. I noticed that euro and swissy both produced slight but valid entries, but since they were weaker candles I wanted to get in at least 2 to 3 pips back of the close, and I did two candles later. The macd sig line finally flatened out for both, and it was a hard one to call, but that is forex for you it is all about making tough decisions in a short time.

LONG EUR/USD at 1.5090
SHORT USD/CHF at .9988
with still short on USD/CAD open


in the pics below are the circles of the valid candles closes, but I waite for a bit of a fall back to jump in.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurolong.gif Size: 28 KB
Click to Enlarge Name: swissyshort.gif Size: 29 KB
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  • #545
  • Dec 2, 2009 1:11am Dec 2, 2009 1:11am
all three live trade are in the red, oh no! oh well that is trading for ya
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  • #546
  • Dec 2, 2009 1:18am Dec 2, 2009 1:18am
Quoting raz
all three live trade are in the red, oh no! oh well that is trading for ya
MACDs (signal lines) didn't confirm USDCHF short and EURUSD long trades (using FXDD, too), though they were close calls. But I agree with USDCAD trade.
  • #547
  • Dec 2, 2009 1:22am Dec 2, 2009 1:22am
Quoting Blackeagle
MACDs (signal lines) didn't confirm USDCHF short and EURUSD long trades (using FXDD, too), though they were close calls. But I agree with USDCAD trade.

you are correct, sometimes I jump the gun a little early, and I maybe paying for it, but it looks like the dust is settling, and hopefully the euro and swissy can both head in the correction direction.
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  • #548
  • Dec 2, 2009 1:23am Dec 2, 2009 1:23am
Quoting raz
all three live trade are in the red, oh no! oh well that is trading for ya
Yea Raz,eur/us have been ranging all night and now is seem like it wanna break to the down side.You right that's trading for you..don't sweat it though another one is right around the corner for you,good luck buddy .
  • #549
  • Dec 2, 2009 1:26am Dec 2, 2009 1:26am
Re. USDCAD trade, do you put your stop at 1.0467 + spread OR just 1.0467?
  • #550
  • Dec 2, 2009 1:27am Dec 2, 2009 1:27am
Quoting stunna29
Yea Raz,eur/us have been ranging all night and now is seem like it wanna break to the down side.You right that's trading for you..don't sweat it though another one is right around the corner for you,good luck buddy .

yeah, definetly paying for it, euro is going to stop out shortly as well as the other two, my mistake by jumping the gun on the macd sig lines. Sometimes I get impatient since I haven't taken a trade for so long, and I fall right back into my own mistakes and taka a trade too soon. It is a hard lessoned learned.
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  • #551
  • Dec 2, 2009 1:29am Dec 2, 2009 1:29am
Quoting Blackeagle
Re. USDCAD trade, do you put your stop at 1.0467 + spread OR just 1.0467?

since it a short, it will be 'ASK' to 'BID' that includes the spread. So in other words, the bid price will close me out, if it happens. It is about 3 to 5 pips away from hitting, just letting it ride to see where it lands. All three are still alive, but barely. I should have known better to pass these up.
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  • #552
  • Dec 2, 2009 1:38am Dec 2, 2009 1:38am
Yes, the USD/CAD loss as well EUR/USD. Swissy about too, but it is 5 pips away.
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  • #553
  • Dec 2, 2009 1:52am Dec 2, 2009 1:52am
Well the swissy bringing light to my trade, hopefully it can cancel out one of my losses.
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  • #554
  • Dec 2, 2009 1:57am Dec 2, 2009 1:57am
Quoting raz
Yes, the USD/CAD loss as well EUR/USD. Swissy about too, but it is 5 pips away.
Doesn't this always seem to happen as soon as your stop loss hit price seem to turn and go the other way..funny Raz seem like the euro/us is going back up..oh well s""t happen.
  • #555
  • Dec 2, 2009 2:03am Dec 2, 2009 2:03am
Quoting stunna29
Doesn't this always seem to happen as soon as your stop loss hit price seem to turn and go the other way..funny Raz seem like the euro/us is going back up..oh well s""t happen.

yes it does, and I know I have tight stops, some people in the past have mentioned before to me about having tight stops. However I believe in risking exactly what you want to make, because if I were to risk 2:1 R:R then if I had a loss, it would mean that I would have to win twice to make it up. If I lose once then it is just one more winner to make it up. Yeah I know it is just the market being brutal thats all, it always hits my stop loss then goes back to be a good trade. But hey that is trading for you, and even when I lose it is just a reminder that the second I trade from my rules and setups, it will cost me. Like the earlier post from Black eagle, he mentioned the mac D line was still pointing in the wrong direction, should have payed more attention to it.
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  • #556
  • Dec 2, 2009 2:10am Dec 2, 2009 2:10am
since the USD/CHF is alone on this one, I moved the SL to -10 pips now, not going to give it a chance to rally up again. TP still +25 pips, if it picks up good momentum I will go for more pips. But for now, gotta wait, and now I am going to full tilt poker to play some poker.
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  • #557
  • Dec 2, 2009 2:11am Dec 2, 2009 2:11am
Quoting raz
... Like the earlier post from Black eagle, he mentioned the mac D line was still pointing in the wrong direction, should have payed more attention to it.
Therefore, you should add USDCAD trade only to your monthly statistics as it was the only valid signal out of three you took this morning.
  • #558
  • Dec 2, 2009 2:14am Dec 2, 2009 2:14am
Quoting Blackeagle
Therefore, you should add USDCAD trade only to your monthly statistics as it was the only valid signal out of three you took this morning.

will do, thank you for keeping me in check! I am still going to count it towards my account balance just the money part, because it is a loss of real money, but will make a side note as for valid entries on 'winners or losers' since both the other trades were judgement calls.
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  • #559
  • Dec 2, 2009 2:14pm Dec 2, 2009 2:14pm
Quoting golden1
I just want to post a couple of my trades from last night to share.

First two lines are shorts entered. I entered at 6587, then again at the
second line at 6597 as price went up and back down again to a new
good signal short. My indicators never showed a trend change so
I just stayed in and waited and took the 25 on both positions.

Third line is my gbp.usd long, went very well I took 40 on the way
back up

Brian

Good Job Brian, definetly good to see you made very good pips. As for me last night, just a lessoned learned on sticking with the system, and which I got so impatient last night I took a trade for the sake of taking a trades, and it bit me again, well $h|t happens, and now back to the basics of the system.
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  • #560
  • Dec 2, 2009 4:55pm Dec 2, 2009 4:55pm
Quoting golden1
I just want to post a couple of my trades from last night to share.

First two lines are shorts entered. I entered at 6587, then again at the
second line at 6597 as price went up and back down again to a new
good signal short. My indicators never showed a trend change so
I just stayed in and waited and took the 25 on both positions.

Third line is my gbp.usd long, went very well I took 40 on the way
back up

Brian
GBPUSD is in long mode since Dec. 1st and what you posted has nothing to do with RAZ method (including all those other indis on your chart). Please post RAZ related trades not to distract, otherwise nobody cares what you do on your own.
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