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  • #2,121
  • Sep 7, 2010 6:29pm Sep 7, 2010 6:29pm
Quoting VEEFX
I found out how to delete posts.... it's via the EDIT button. For some reason, it only allowed me to delete 10 or so posts and now it is not allowing me to edit my own posts. strange! I will come back later to try again and delete all the ones that don't add much value to this thread.

Best Regards,

- Vee
Think flyer is gonna do a condensed version maybe if he does graeme can put the link on the first page for all that want just the importants posts.

I have enjoyed your posts vee nice to see how others are getting on ,
please dont stop its nice little community we got here i like reading everyones feedback.
making green pips large and red pips small this is my goal.
  • #2,122
  • Sep 7, 2010 6:36pm Sep 7, 2010 6:36pm
Quoting paul1
please dont stop its nice little community we got here i like reading everyones feedback.

ditto for me too - I get totally envious of those who have kept positions open for days. I read that and then kick myself for closing positions on the retracements. I figure you guys keep rubbing it in, eventually my brain will "get it". :nerd:
  • #2,123
  • Sep 7, 2010 7:29pm Sep 7, 2010 7:29pm
Quoting johnsund
Am doing the exercise where entry is based on price crossing 00 lines. If price is moving up thru 00 line, go long; if price is moving down thru 00 line go short. Have 6 trades open, 2 losers (both minor losses), 4 winners. Unrealized pip about 134 pips. Started this morning about 3 hours ago. No SL hit, no TP hit. Amazing results so far, and SO easy. Looked at Hindsight starting at monthly down to H1 to judge market direction, then placed orders at 00 lines in accordance with hindsight.
How exactly are you using hindsight to decide which way to trade? Do all the time frames have to agree?
  • #2,124
  • Sep 7, 2010 7:50pm Sep 7, 2010 7:50pm
Quoting paul1
Cheers geoff.
I'll have to speak to them again . I needed to know if this was the same for others.
As it seemed a bit unusual.
I know people have positions for months.
Was sure they didn't leave there platform on all time.
I seriously doubt your broker does it that way. If they do get another broker.
  • #2,125
  • Sep 7, 2010 8:52pm Sep 7, 2010 8:52pm
Quoting pipEASY
Good morning, all

Thank you all for the private messages/compliments.

I have been away for few days as I had few medical examination to be done. It is nothing new as it has been ongoing for awhile.

I will try my best to answer all the emails/private messages in the next 2 days unless Im unavailable again.

During the weekend, I spent most of the time in my bed with a laptop. I read this thread which was started 2 months ago.

It is great looking at past history to see how far you have come and also see that many of the readers have taken...
Hi Graeme

Thanks for the review and 'readers digest' version summary.

Wishing you all the best in health and happiness. . .

Dan
  • #2,126
  • Sep 7, 2010 9:23pm Sep 7, 2010 9:23pm
tjfxtrader-
What I am looking for is Mn1 to H1 to have the same general direction. Clearly it is unusul for all timeframes to be in the same direction at any given moment, and in some cases retracements may be in process. But if the general direction is up or down then I am looking for a long or short entry as price crosses the 00 lines. Am doing this on demo only as a fillin to my normal trading approach. At least at this point the entries at 00 have proven profitable.
  • #2,127
  • Sep 7, 2010 10:32pm Sep 7, 2010 10:32pm
Quoting johnsund
tjfxtrader-
What I am looking for is Mn1 to H1 to have the same general direction. Clearly it is unusul for all timeframes to be in the same direction at any given moment, and in some cases retracements may be in process. But if the general direction is up or down then I am looking for a long or short entry as price crosses the 00 lines. Am doing this on demo only as a fillin to my normal trading approach. At least at this point the entries at 00 have proven profitable.
How would you trade usdchf now? Do you have a chart to show?
  • #2,128
  • Sep 7, 2010 10:36pm Sep 7, 2010 10:36pm
Hi Graeme,

Wish you the very best of health and happiness

Take Care!!

Regards,
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #2,129
  • Sep 7, 2010 10:37pm Sep 7, 2010 10:37pm
Quoting kcravey
I have found that my edge for entries is knowing the currency, its patterns, its trendlines, etc....
Hi,

I thought it would be cool to see one of your charts. Would you mind posting?


Thanks
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #2,130
  • Sep 8, 2010 1:10am Sep 8, 2010 1:10am
Hey Vee

Don't delete your posts, I know I'm new here but all information helps and from all the reading of this thread it isn't just about cold hard facts but how everyone feels and trades.

Just my pennies worth.
  • #2,131
  • Sep 8, 2010 2:10am Sep 8, 2010 2:10am
Quoting pipEASY
Good morning, all

Having explained few of the methods I personally use:

1. Wick interpretaion
2. Flying buddhas
3. Volatility breakouts

All traders must acknowledge that all methods that are sensible works because of the amount of risk is small compared to the potential profit (reason why inside bar trading is so popular but unfortunately most traders dont know exactly why it is). However, this alone does not guarantee profit in the long run. It is imperative for a trader to extract as much profit/growth from a given opportunity. This...
Hi Graeme,

I'm really enjoying your thread so far (only on page 58) and your methods have given me a lot of insight to fx trading. I'm a newbie and just started about 1 month ago and jumped in live account trading only after about of week of demo... I jumped in with $5k and now bleeding pretty bad like the situation you stated above... I was on verge of being #1 as above but after I started reading your thread, I am hoping I can stop the madness and try to control a bit more and become #2..

I have made many attempts at entries and I have made some decent entries, but never took any profit because I wanted to be patient and let the market do its thing. However, most of the entries I made went to BE's and 20-30 pip losses .. (GBP/JPY up ~250-300 pips around NFP week and down to 0 in 1 day, and I'm beating myself up for not taking some profit to rejuvenate my capital a little, but like you said, emotional hurdles are tough!!
And some times, I kick myself for not being more lenient on my SL since it seems the market goes down to my SL just to kick me out and then go back the other direction 100 pips while I'm asleep...
and it feels like, my '1 thing' is being able to always enter at the worst time and the market goes the other way... =x

Reading your thread at the time that I did is what's keeping me from quitting so far.. Hoping to persevere and become a better trader (with time)

At any rate, I just wanted to post and say thanks and looking forward to catching up to date with this thread.

Mao
  • #2,132
  • Sep 8, 2010 6:21am Sep 8, 2010 6:21am
tfxtrader - I would have taken USDCHF short at 1.0100.
  • #2,133
  • Sep 8, 2010 6:31am Sep 8, 2010 6:31am
Quoting Maomaox
Hi Graeme,

I'm really enjoying your thread so far (only on page 58) and your methods have given me a lot of insight to fx trading. I'm a newbie and just started about 1 month ago and jumped in live account trading only after about of week of demo... I jumped in with $5k and now bleeding pretty bad like the situation you stated above... I was on verge of being #1 as above but after I started reading your thread, I am hoping I can stop the madness and try to control a bit more and become #2..

I have made many attempts at entries and I have made...
Welcome buddie . if your struggling at moment do like me an just use micro lots till you see better entries then up your size when you start to be more successful. you may bleed but at least you wont get killed before you learn.
making green pips large and red pips small this is my goal.
  • #2,134
  • Sep 8, 2010 9:41am Sep 8, 2010 9:41am
yeah it is wise to use as little money to learn as possible. im only using about 300 usd and i plan to use it as long as i can haha..
  • #2,135
  • Edited 1:35pm Sep 8, 2010 9:50am | Edited 1:35pm
Hi Guys,

FB and a Inside Bar on 4H for GBP/CAD. I am purely going to try using Joe's 'mechanical' strategy on this FB setup using 4H, 1H and 15M candles only. let's see how it works out... 60+ pips in 3 positions and growing.

PS> I gave up on deleting my posts as it simply won't let me Edit my past posts. not sure why.

EDIT: Unfortunately, I need to step away from this FB stacking to focus on my live trading for next hour or two.
Staying in my lane...
  • #2,136
  • Sep 8, 2010 10:09am Sep 8, 2010 10:09am
Quoting VEEFX
Hi Guys,

FB and a Inside Bar on 4H for GBP/CAD. I am purely trying Joe's 'mechanical' strategy on this FB using 4H, 1H and 15M candles. let's see how it works out... 60+ pips in 3 positions and growing.

PS> I gave up on deleting my posts as it simply won't let me Edit my past posts. not sure why.
i am in with eurcad short at 1.3279
  • #2,137
  • Sep 8, 2010 10:13am Sep 8, 2010 10:13am
Quoting VEEFX
Hi Guys,

FB and a Inside Bar on 4H for GBP/CAD. I am purely trying Joe's 'mechanical' strategy on this FB using 4H, 1H and 15M candles. let's see how it works out... 60+ pips in 3 positions and growing.

I saw those on the GBP/USD, closed all my buys at the top of the trendline during the last retracement - and its going back up, busting the 4H trendline! Trend change??? It's also a new moon day, usually means change in direction..
  • #2,138
  • Sep 8, 2010 10:29am Sep 8, 2010 10:29am
Quoting VEEFX
Hi Guys,

FB and a Inside Bar on 4H for GBP/CAD. I am purely trying Joe's 'mechanical' strategy on this FB using 4H, 1H and 15M candles. let's see how it works out... 60+ pips in 3 positions and growing.

PS> I gave up on deleting my posts as it simply won't let me Edit my past posts. not sure why.
On commodity currency crosses I'm finding the FB not so reliable. Mostly from looking at A/U and U/Ca . At least not recently.
  • #2,139
  • Sep 8, 2010 10:42am Sep 8, 2010 10:42am
Quoting kcravey
I saw those on the GBP/USD, closed all my buys at the top of the trendline during the last retracement - and its going back up, busting the 4H trendline! Trend change??? It's also a new moon day, usually means change in direction..
I doubt it... it's just a retrace. I anticipate downtrend to proceed for next 4-8 4H candles atleast until 1.58xx level. FB is still holding up on weekly but daily seems to be in a confused state.
Staying in my lane...
  • #2,140
  • Sep 8, 2010 10:44am Sep 8, 2010 10:44am
Quoting pip_daddy
On commodity currency crosses I'm finding the FB not so reliable. Mostly from looking at A/U and U/Ca . At least not recently.
agree.. I find JPY and commodity pairs tough to follow at candlestick pattern but they do well in following daily/weekly/monthly pivots.
Staying in my lane...
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