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The Raz Method

  • #581
  • Dec 2, 2009 10:48pm Dec 2, 2009 10:48pm
Quoting tazzam72
Ohh ,,,you go by the line not by the wave strength, Yes the line was pointing down but the wave was little higher than the previous one .

I take both into account, for the histogram I need to see an increase in momentum(LONG MODE of course) and I need the mac d signal line to favor the direction or be flat. Yes, purely systematical.

This is the 7th week I have been live trading my method, and there has been weeks where there are a good amount of valid sigs, and some where there are pratically none. However upto now there has been far more winners then losers, but there are times where I find myself just wanting to trade for the sake of just trading, and yesterday was an example of it costing me money. I had 3 losses when I should have had just one, but anyhow if you stick the original rules and methods and get comfortable with it, the method will continue to produce winners over losers.
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  • #582
  • Dec 3, 2009 1:27am Dec 3, 2009 1:27am
My computer is down for now, but I saw there were two long entries that were both valid for the euro and the cable. Both which hit +25 each. Leaving the stats as. I will have my monitors setup tommorrow early and be ready to go at it soon.

CURRENT STATS:
WEEKLY TRAIL:
3 WINNERS (2 MISSED)
3 LOSSES (0 MISSED)(2 of which were invalid)
EARNED THIS WEEK -$19.21
MONTHLY TRAIL:
STARTING BALANCE $499.83
MONTHLY GOAL $644.20
CURRENT BALANCE $462.62
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  • #583
  • Dec 3, 2009 1:43am Dec 3, 2009 1:43am
Quoting raz
My computer is down for now, but I saw there were two long entries that were both valid for the euro and the cable....
Raz, your stats were 2 W and 3 L before today. Today we had two EURUSD, one USDCHF and one GBPUSD winners which bring your total to 6 W and 3 L, for your info.
  • #584
  • Dec 3, 2009 2:40am Dec 3, 2009 2:40am
Quoting Blackeagle
Raz, your stats were 2 W and 3 L before today. Today we had two EURUSD, one USDCHF and one GBPUSD winners which bring your total to 6 W and 3 L, for your info.

well considering my monitors are down, and I am using my laptop. I will look back once I get it all finished tommorrow early morning,
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  • #585
  • Dec 3, 2009 11:56am Dec 3, 2009 11:56am
I did have 2 wins yesterday

Buying USD JPY 25P Ips
Buying Euro JPY 25 Pips
  • #586
  • Dec 3, 2009 12:01pm Dec 3, 2009 12:01pm
I use Multi Piviots Ind on the 4 H chart , to make sure i am not trading close to piviot areas ,
  • #587
  • Dec 3, 2009 3:37pm Dec 3, 2009 3:37pm
Quoting tazzam72
I did have 2 wins yesterday

Buying USD JPY 25P Ips
Buying Euro JPY 25 Pips

Good job, happy to see, unfortunately for me I could not see anything because of computer is down. However excellent work.

At work right now, but will be back online tonight.
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  • #588
  • Dec 3, 2009 3:44pm Dec 3, 2009 3:44pm
However really excited now, because I will not have to minimize a bunch of screens now. Need to fix em to work properly, but got all the necessaries at newegg.com, good deals.
Attached Image (click to enlarge)
Click to Enlarge Name: CIMG0130.jpg Size: 177 KB
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  • #589
  • Dec 3, 2009 6:28pm Dec 3, 2009 6:28pm
My Raz monitors
Attached Image (click to enlarge)
Click to Enlarge Name: Forex S.jpg Size: 205 KB
  • #590
  • Dec 3, 2009 6:42pm Dec 3, 2009 6:42pm
the more monitors you have, the more profitable you are.

true story
  • #591
  • Dec 3, 2009 7:26pm Dec 3, 2009 7:26pm
Quoting tazzam72
My Raz monitors

See i hope to get there soon. I plan on getting 3 to 4 more later, but will buy another computer for that. However before that I need to make some more pips, LOL but nice setup you have!
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  • #592
  • Dec 3, 2009 7:36pm Dec 3, 2009 7:36pm
I am been in the losing side for the last 4 years , but i am doing little better now , lol


Quoting raz
See i hope to get there soon. I plan on getting 3 to 4 more later, but will buy another computer for that. However before that I need to make some more pips, LOL but nice setup you have!
  • #593
  • Dec 3, 2009 7:55pm Dec 3, 2009 7:55pm
Quoting tazzam72
I am been in the losing side for the last 4 years , but i am doing little better now , lol

I certainly can relate, I have lost lumps of money. Also I have quit twice on forex, but now I take a systematic approach to trading. The particular reasons of my loss was my emotions and making snap judgements, but hey I guess if I haven't lost in the past I would not have made it thus far.

They always talk about only 2% of Forex Traders really make it, but I really think that the 98% that fail are those who either;

rushed into it too soon;
lack of education in money management or RRR;
lost money early and never stuck with it;
etc........

I too was in that 98% realm trying to get rich real fast on forex, but really I lost so much it was disheartening to see so much of hard worked money go down the drain. I had zero discipline and no patience. Couple nights ago it shows what impatience can do, and it cost me again..just reminder how sticking to rules can be so valuable.

I do not claim to be a forex pro by any means, but now I understand fully when a few years back when I was losing money that many other traders kept telling me the same thing.... be patient, stick to your method, don't break your own rules.... and now I can only appreciate the reality of what veteran traders were trying to teach me.

I apologize, I kind of went off on a slant there, but it is reality with me when I see others have lost money in this, because I have been down that road. I hope everyone give it enough of a chance to realize that this can be profitable.
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  • #594
  • Dec 3, 2009 8:08pm Dec 3, 2009 8:08pm
Same here i am down over 100 K so far but i did not gave up , My goal is turn 5 k to 1M within 2 years , let us see

Quoting raz
I certainly can relate, I have lost lumps of money. Also I have quit twice on forex, but now I take a systematic approach to trading. The particular reasons of my loss was my emotions and making snap judgements, but hey I guess if I haven't lost in the past I would not have made it thus far.

They always talk about only 2% of Forex Traders really make it, but I really think that the 98% that fail are those who either;

rushed into it too soon;
lack of education in money management or RRR;
lost money early and never stuck with it;
etc...........
  • #595
  • Dec 3, 2009 8:10pm Dec 3, 2009 8:10pm
Quoting tazzam72
My Raz monitors
This is good stuff you have there!! im jealous....ill post my trade station after im back....im close to you but not close enough!!!
  • #596
  • Dec 3, 2009 8:13pm Dec 3, 2009 8:13pm
Quoting raz
However really excited now, because I will not have to minimize a bunch of screens now. Need to fix em to work properly, but got all the necessaries at newegg.com, good deals.
Nice work bro... I LIKE I LIKE....going to uni for a math xzam haha....easy as eating a pie...will be back and then ill post my trading station.... cheers till then... I wudnt mind the JD you have there....looks real tempting..
  • #597
  • Dec 3, 2009 8:25pm Dec 3, 2009 8:25pm
Nice setup traders. I know Raz is so excited to have his new monitors...wowsa!!

I want at least another monitor to match my 17 inch laptop so I can get rid of my 17 inch desktop crt(boat achor). I'd like two 22 inch monitors as soon as I am consistent trading. i'm getting better and your success motivates me.

Steve
  • #598
  • Dec 4, 2009 5:18am Dec 4, 2009 5:18am
Hi everyone, new disciple here. Just finish read the whole thread post. I like the method very much. Thx Raj..
  • #599
  • Dec 4, 2009 8:55am Dec 4, 2009 8:55am
I have customized some indicator for this system...include alert when RSI more than 55 or less than 45...

the first picture is before interface...and the second picture is after interface...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj2.gif Size: 20 KB
Click to Enlarge Name: uj1.gif Size: 21 KB
Attached File(s)
File Type: zip RazSys.zip   22 KB | 277 downloads
  • #600
  • Dec 7, 2009 12:36pm Dec 7, 2009 12:36pm
Quoting stewart_2611
I have customized some indicator for this system...include alert when RSI more than 55 or less than 45...

the first picture is before interface...and the second picture is after interface...

that is awesome! I will have to take a look at that when I get back. I was out all weekend, but will be on live later tonight. Looking back I notice there were only one possible trade and that was the loonie, however it did have a big jump on RSI, so typically I would have probably passed it up. However nothing else lined up, but be live today.

Nice work Stewart, maybe when we get a chance you can explain to me how to read some of the other indicators, considering they are the same but how to correctly visuailize them
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