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Attachments: my trade
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my trade

  • #821
  • Jul 28, 2010 9:01pm Jul 28, 2010 9:01pm
Quoting Ffrank
Thanks a lot mate 5sec is letting me play 'let the market come to you', I've looked at this method before (such as NickB), but I didn't have the hours (or patience) to do this on 1hr/4hr charts!
NickB ? link please , i like to read and i might got some ideas from him
  • #822
  • Jul 28, 2010 9:41pm Jul 28, 2010 9:41pm
http://www.forexfactory.com/showpost...&postcount=798

http://img8.imageshack.us/img8/1231/eurod.png

http://img413.imageshack.us/img413/5613/rope.png

http://img408.imageshack.us/img408/2429/pipek.png

hmm now i feel better, im not used to WINDOW 7 so its hard to edit the pic and thing, still prefer window XP
  • #823
  • Jul 28, 2010 10:00pm Jul 28, 2010 10:00pm
http://img827.imageshack.us/img827/4159/analysis.pnghttp://img831.imageshack.us/img831/5613/rope.png

http://img836.imageshack.us/img836/9185/ben10.png

compression = blended of wmas within 2priceline or within the pipelines.
the rope = hmmm what is ay the rope is the rope jsut watch its spreads and the curve of the spine(slope).
  • #824
  • Jul 28, 2010 10:18pm Jul 28, 2010 10:18pm
everything in it

http://img204.imageshack.us/img204/3389/akira25.png
  • #825
  • Jul 28, 2010 10:23pm Jul 28, 2010 10:23pm
should i say it again NO PATTERN NO TRADE!!!!!
  • #826
  • Jul 29, 2010 1:48am Jul 29, 2010 1:48am
Market wasn't very nice to me today

New rule (which I normally do in my trading) - check News for 7am!!

Market was very indecisive with news, I made a fair few losing trades, my only winner I closed early and then the real break happened after I called it a day!

Lost 12.6 pips. But at least I know I would have faired better if I avoided news. Hopefully make some of those back tomorrow Some lessons to be learnt anyway!

Have a good one all,
Attached Image (click to enlarge)
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  • #827
  • Jul 29, 2010 2:17am Jul 29, 2010 2:17am
Anyone have suggestions about news? I'm thinking 15 minutes gap either side on these timeframes (for red news).

If I had avoided first 15min would have made tidy profits today.

As my trading time is so small, I could even call Red news days no-trade days?

Just thinking out loud!
  • #828
  • Jul 29, 2010 2:43am Jul 29, 2010 2:43am
Quoting Ffrank
Anyone have suggestions about news? I'm thinking 15 minutes gap either side on these timeframes (for red news).
Sorry I haven't weighed in here much recently. I am getting my GU scalping up and going again and when I have some interesting charts, I'll post them.

Good idea about the big news Frank, definitely avoid clumps of red news for 10-15 minutes or so. There will be times you kick yourself for missing trades but in the long run you'll save the aggravation.

Great charts, by the way!
  • #829
  • Jul 29, 2010 4:52am Jul 29, 2010 4:52am
Quoting Magic Trader
Sorry I haven't weighed in here much recently. I am getting my GU scalping up and going again and when I have some interesting charts, I'll post them.

Good idea about the big news Frank, definitely avoid clumps of red news for 10-15 minutes or so. There will be times you kick yourself for missing trades but in the long run you'll save the aggravation.

Great charts, by the way!
Hey MagicTrader! Looking forward muchly to some more of your charts and explanation.

Thanks for the advice and compliment mate. OK, definitely think I'll religiously avoid red news times based on today. Regret of missing a trade is so much nicer than regret of entering numerous loosing trades!
  • #830
  • Jul 29, 2010 12:49pm Jul 29, 2010 12:49pm
http://img804.imageshack.us/img804/5281/compression.png

http://img530.imageshack.us/img530/6731/compress2.png

http://img839.imageshack.us/img839/491/compress3.png

http://img822.imageshack.us/img822/5...asesupport.png
  • #831
  • Jul 29, 2010 12:53pm Jul 29, 2010 12:53pm
http://img824.imageshack.us/img824/5708/niceq.png

http://img716.imageshack.us/img716/828/nice2.png

http://img225.imageshack.us/img225/1520/scalp.png

http://img96.imageshack.us/img96/3030/wootu.png
  • #832
  • Jul 29, 2010 12:57pm Jul 29, 2010 12:57pm
Now i need to sleep !
  • #833
  • Jul 29, 2010 12:59pm Jul 29, 2010 12:59pm
Quoting Magic Trader
Sorry I haven't weighed in here much recently. I am getting my GU scalping up and going again and when I have some interesting charts, I'll post them.

Good idea about the big news Frank, definitely avoid clumps of red news for 10-15 minutes or so. There will be times you kick yourself for missing trades but in the long run you'll save the aggravation.

Great charts, by the way!
where have you been buddy
  • #834
  • Edited 5:00pm Jul 29, 2010 4:15pm | Edited 5:00pm
looked good on 5 sec but fast prices drove me to place sloppy = no setup trades ending up losing 10% equity.

shut up pc, went to bed early, then woke up at midnight to observe clean trend formation. switched to 10 sec and with a fresh mind my finger danced, to recover 5%.

gained a lot of confidence with 5% loss ... not too bad.

even trading seconds, must play under a solid trend umbrella - been telling myself numerous times but emotion often supersedes ..
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  • #835
  • Jul 29, 2010 5:01pm Jul 29, 2010 5:01pm
Quoting ben10
Now i need to sleep !
Wow, what a great couple of hours, good stuff buddy!
  • #836
  • Jul 29, 2010 5:12pm Jul 29, 2010 5:12pm
Quoting RisingSun
looked good on 5 sec but fast prices drove me to place sloppy = no setup trades ending up losing 10% equity.

shut up pc, went to bed early, then woke up at midnight to observe clean trend formation. switched to 10 sec and with a fresh mind my finger danced, to recover 5%.

gained a lot of confidence with 5% loss ... not too bad.

even trading seconds, must play under a solid trend umbrella - been telling myself numerous times but emotion often supersedes ..
Hey buddy, well played today - after your losses, regrouping and making back a nice chunk. Similar hit for me today, was -4.5% I think.

We'll get better and better at this, as Ben says - subconsciously, and the psychology will become less of a factor I'm sure. I grabbed a good mantra from LT's thread, have you read it? Some good stuff in it - I really need to get round to sticking it on my wall!

One thing I was thinking about for you - on your winning trades it looks like they rarely retrace very much, which means you might be able to use a smaller SL quite safely? Just a pondering.

Good end to the week for us all tomorrow I hope
Attached File(s)
File Type: pdf mantra.pdf   122 KB | 169 downloads
  • #837
  • Jul 29, 2010 5:18pm Jul 29, 2010 5:18pm
Quoting Ffrank
Hey buddy, well played today - after your losses, regrouping and making back a nice chunk. Similar hit for me today, was -4.5% I think.

We'll get better and better at this, as Ben says - subconsciously, and the psychology will become less of a factor I'm sure. I grabbed a good mantra from LT's thread, have you read it? Some good stuff in it - I really need to get round to sticking it on my wall!

One thing I was thinking about for you - on your winning trades it looks like they rarely retrace very much, which means you might be able to use a smaller...
thanks ffrank. was thinking about the smaller stoploss, too now x3 of tp. good advice.

hey your rain has reached here yesterday. forecast is friday today will also be much less heat thanks to the water.

good night and good trade tomorrow morning!
  • #838
  • Jul 29, 2010 10:23pm Jul 29, 2010 10:23pm
Quoting RisingSun
gained a lot of confidence ..
Quote
shut up pc, went to bed early, then woke up at midnight to observe clean trend formation. switched to 10 sec and with a fresh mind my finger danced, to recover 5%.

thats it the fresh mind, the calm mind and the reason to react

Quote
even trading seconds, must play under a solid trend umbrella - been telling myself numerous times but emotion often supersedes

the emotion will kick in now and then... " control" is the word! pay attention and dicipline ofcourse, good job Risingsun

dance fingers dance!
  • #839
  • Jul 29, 2010 10:44pm Jul 29, 2010 10:44pm
Quoting Ffrank

subconsciously, and the psychology will become less of a factor I'm sure. I grabbed a good mantra from LT's thread, have you read it? Some good stuff in it - I really need to get round to sticking it on my wall!
thanks for posting the "mantra" file!

my though:

formula for failure = a few error and judgment repeated everyday! subconsciously, i start the weakness, the disaster process and you can imagine what happen in three years.

formula for success = a few simple disipline practice everyday!
i begun a whole new process, a new trading habit. Eliminate the error and replace it with disipline practice.

keep up the process:

- spot the pipeline and 2 pricelines, the rope(narrow compression within the pipe) and the slope.

- trade fast and ready get ready for exit.
  • #840
  • Jul 29, 2010 10:56pm Jul 29, 2010 10:56pm
Quoting RisingSun
did try to trade linuxtroll's colorful/-240(?) mma years back as well, paid for his e-book, but never got anywhere.
please read it again , perhaps this time some new ideas pop out.

when you done with it can i have a look? i want to read it.
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