Central Banks & Big Players

I'm still around Oz...just been a little lazy in posting setups, that's all. I've changed to more of a scalping style of 10-20 pips per trade. I still use Tony's principles but have developed more of a knack for scalping than for holding for the big one.

which one you mean? trading in the zone?

yes.

The Disciplined Trader: Developing Winning Attitudes

and

Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude

im on these too in the moment

...priceless

a good one also is Zen in the markets, and wyckoff on tapereading, i'm sure you will like them

regards

hi there, this is question is for Tony as well as everyone else that has been using this system.. what time do you guy sthing it works best, is it really between 3-5 am western london time? or does it work well at the normal london, US open too?

also, do you only trade it when there's big news around or would you also trade it in a "normal" no red-flags day?

thanks a lot, i was in equities for 1.5 years but trying to give this a go.. focusing only on cable at the moment. this forum is awesome!

cheers

Times in tonys first post are based on EST

so if you meen GMT

LO is at 8.00 trade till 10.00
NYO ist at 12.00 trade till 14.00

choose your timewindow, mthod works best when liquidity comes into market and statistically 70% of intraday trends are made from london

there is a nice desktop clock called qlock there you can set different timezones

...floating 15 locked in 5 would be nice to see 1.3500 if it comes back who cares costs are paid

edit: trade has been stopped out... 5 pips booked

nice weekend everyone

hey lindafx the trade you posted above was the entry based on Tony rules or is it your own trading rules

...

break of resistance, didn't thought it will move much, i personally prefer scalping for 5-20 pips... i was a pip late... i'm new to tony old habits bad to unlearn

don't let disturb from the wma's normally this was a 1 minute chart, if you open yours you will see what i mean...

you can look for "pivotal points" its a phrase from jesse livermoore... based on that point i made my entry

quick 10 pip scalp
http://img121.imageshack.us/img121/5205/ex2u.th.gif

floating at 16 - 0SL

I don't know why but I like it so much when i write 0SL


I'll put a trademark on that

this is unreal

TP120

floating at 35

rollercoaster

could you post a screen of why and where you entered ?

Hi All,

Im out - Got part of that cable drop there after 4 Zeros on the eurusd, after being stopped at zero 4 times today I wanted a nice end to the week, i'll probably regret that if the cables dives into the US afternoon session.

First week for me trying this system, with combination of support/resistance.

Based on a Micro Account Trading 0.1

15 Trades
4 Wins
6 Loosers
5 Break Even.

Roughly 7% Increase, I'm well impressed Tony cheers man.

For me now Practice Practice Practice, people are so right the biggest battle is with yourself!!!!! + Managing Trades.

Good weekend all :-)

TP70 taken out for the weekend, have a nice one

hey everyone

my new account is funded!

new balance : $ 115

thats what's left after selling 3 of my four textbooks back. they cost like $600 what a ripoff. who cares that shit is in my account now.

even though i had to get up early for studying yesterday i wanted to see what the london open was like on gu.

i took 2 fxgame trades because i'm still getting used to this platform. the first one my default stop was set at 3% not 3 pips. so there's a valuable lesson learned haha

i'm going to see how i do with this amount and i may add a little here and there but how cool would it be if i could build my trading account from my textbook cash. it was tough not to buy beer with it because it is now spring break. i'd rather build my acct though.

and the last time i tried to download a mark douglass ebook i got a virus lol. i will get there one of these days.

ok so i'm attaching two trades from between 3 and 4 am. not eventful, but if i could find just one or two decent trades per week i'm fuckin golden!

i think it would be a good idea for me to leave the computer if i am able to get my stop to b/e because there's no way i'll be able to sit there and watch it go all the way to 120 pips. i would like to think i'll be able to resist the temptation to take 20 and 30 pip profits but who knows