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  • #1,101
  • Dec 2, 2009 3:08am Dec 2, 2009 3:08am
http://img11.imageshack.us/img11/9661/ex72.th.gif

Couldn't pull the trigger. Gotta learn to trust myself.
  • #1,102
  • Dec 2, 2009 3:14am Dec 2, 2009 3:14am
I know it's not easy. The reason is because it's not gonna work all the time like today...

notice how that candle is away from all recent price action...these ones are working very well
Attached Image (click to enlarge)
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Invest in alarm clocks
  • #1,103
  • Dec 3, 2009 1:42am Dec 3, 2009 1:42am
L shape around 11:20pm, about 8pip candle burst. 5-7 pips available on this one. Not very perfect conditions as things got slightly volatile few minutes before and candle wasn't 10pips but 1:1 rrr was there.
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  • #1,104
  • Dec 3, 2009 2:23am Dec 3, 2009 2:23am
Do any of you scalp XAU on the <M1 charts?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,105
  • Dec 4, 2009 1:04am Dec 4, 2009 1:04am
Took 20 pips. Good way to finish week.

http://img509.imageshack.us/img509/3121/ex75.th.gif
  • #1,106
  • Dec 4, 2009 3:05am Dec 4, 2009 3:05am
So do you also trade the Europe open then??
  • #1,107
  • Dec 4, 2009 3:13am Dec 4, 2009 3:13am
Quoting ozzieb88
So do you also trade the Europe open then??
London, New York, and occaisionally Asian.
  • #1,108
  • Dec 4, 2009 3:21am Dec 4, 2009 3:21am
oh ok, because that trade was taken just after 0700gmt so that would be Europe (German, French) open.

Hows it going for you
  • #1,109
  • Dec 4, 2009 3:35am Dec 4, 2009 3:35am
Quoting ozzieb88
oh ok, because that trade was taken just after 0700gmt so that would be Europe (German, French) open.

Hows it going for you
I start trading at 10pm pacfic and try to go until 8am. Things are getting better. I'm getting a lot more consistent and have more or less stopped losing money.
  • #1,110
  • Dec 4, 2009 4:08am Dec 4, 2009 4:08am
Congrats!! I have to wake up an hour earlier and leave for work an hour earlier than usual to trade this. So sometimes its not possible.

Pain really. Im trying to focus on using this at news times.
  • #1,111
  • Dec 4, 2009 4:20am Dec 4, 2009 4:20am
Quoting ozzieb88
Congrats!! I have to wake up an hour earlier and leave for work an hour earlier than usual to trade this. So sometimes its not possible.

Pain really. Im trying to focus on using this at news times.
I know its tough juggling a job and trying to find time to trade. But keep it up and eventually the hard work will payoff.
  • #1,112
  • Dec 4, 2009 4:22am Dec 4, 2009 4:22am
Tony, where abouts in Canada are you located?
  • #1,113
  • Dec 4, 2009 1:38pm Dec 4, 2009 1:38pm
Wow gold is just getting hammered
  • #1,114
  • Edited 2:29pm Dec 4, 2009 1:50pm | Edited 2:29pm
http://img707.imageshack.us/img707/2914/ex76.th.gif

News. Almost an 80 pip jump in a few minutes. Missed this one but it would have been difficult to catch cause it went straight up with no pause.
  • #1,115
  • Dec 4, 2009 4:06pm Dec 4, 2009 4:06pm
Quoting stinger88
Tony, where abouts in Canada are you located?

Montreal, Quebec
Invest in alarm clocks
  • #1,116
  • Dec 4, 2009 4:07pm Dec 4, 2009 4:07pm
Quoting stinger88
http://img707.imageshack.us/img707/2914/ex76.th.gif

News. Almost an 80 pip jump in a few minutes. Missed this one but it would have been difficult to catch cause it went straight up with no pause.

NFP is very dangerous, it doesn't always go straight to the sky like that... All we know is it goes somewhere
Invest in alarm clocks
  • #1,117
  • Dec 4, 2009 5:48pm Dec 4, 2009 5:48pm
Quoting Tony112
NFP is very dangerous, it doesn't always go straight to the sky like that... All we know is it goes somewhere
Yeah the GBP/USD whipsawed after NFP. Can never tell whats going to happen sometimes.
  • #1,118
  • Dec 4, 2009 6:51pm Dec 4, 2009 6:51pm
Good place to check out forex trading systems and how NOT to trade.

http://www.zulutrade.com/Performance.aspx

If you look at their trade logs, these guys have 99% win ratio but let their positions go against them hundreds of pips in order to gain a few pips. Crazy if you ask me.
  • #1,119
  • Dec 5, 2009 6:46am Dec 5, 2009 6:46am
Yeah they're all scammers, the site's a scam. GJFX.co.uk was FF's Iphonetrader...kinda sucky scammer
  • #1,120
  • Dec 5, 2009 7:17am Dec 5, 2009 7:17am
Stinger who do you trade with?

I spreadbet, with IG which is a 4 digit broker. Would this system be better with a 5 pip broker?

Because 40 pips on a 5 is only 4 on a 4digit broker...

Oz
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