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My 60 day challenge (Yes i know another hero...)

  • #61
  • Nov 16, 2010 1:20pm Nov 16, 2010 1:20pm
Hi,

Today started with a little hesitation for me. Price was above band and NY rollover, so normally a long trade is possible. But i had some doubts. Price already touched H3. H3 was around the same level as daily PP. A good resistance, or a point to retrace.
So when price started to go down and came below band, i took a short. It turned to be the right choice. The rest of the day, short should be the way.
All further trades where ok.

Regards.
Attached Image(s) (click to enlarge)
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  • #62
  • Nov 16, 2010 1:38pm Nov 16, 2010 1:38pm
Hi!
I'd like the strategy you're using!

Could you please share which indicators are you using? Or could you give the links where I could learn more about this strategy.

Regards,
Alex
  • #63
  • Nov 16, 2010 2:30pm Nov 16, 2010 2:30pm
Would just like to tell you that in my opinion you are doing G R E A T !

Your strategy is surely good (sorry if I am not interested in that now, I have mine), but what I like most is the way you got up and got up and got up again.

Compliment.

Also my compliment to JeremyMoore.

It seems to me to see a "Rocky" Fight and the words of the Trainer at the end of each Round

If you'll either get to 10.000 or not I really think is not so very much important.

Ok, it is your goal and I really respect it, but....have a look at what you did, Man !

Even managing to lose A LOT of your money by adding to losers (I know veeeeery well how it works...) in not even 40 days you have 600% GAIN !

Crazy MM, but it works !

You seem to be doing very very nice amount of pips there !
That's awesome !


Congratulation and keep getting and getting up.

Somewhere I read once that a "black belt" is only a "white belt" which never gave up....

If you are strong enough to:

1) get up again
2) remember why you were falling down

well, I do not see any other possibility than to get one day a black belt for sure !

  • #64
  • Nov 16, 2010 2:51pm Nov 16, 2010 2:51pm
Quoting uglock
Hi!
I'd like the strategy you're using!

Could you please share which indicators are you using? Or could you give the links where I could learn more about this strategy.

Regards,
Alex
Hi,

Thnx for visiting this thread.
I use ensign charting software, so there are now indi's for MT4.
I got the ensign templates from my teachers. They put a lot of time in it, and we agreed that i may use them and that i don't pass them through.

The main indi's we use are camarilla pivot points (we use daily, weekly and monthly). Also the NY rollover is a usefull line.
I got several charts up (about 14) with different time frames and indicators. Alltogether they form my view of the market.

I learned this (and still learning) method from two traders. But this is not a method somebody will learn in two weeks. I started march this year with this method, but i'm still not perfect, and still have to practice a lot.


Regards
  • #65
  • Nov 16, 2010 3:01pm Nov 16, 2010 3:01pm
Quoting Whenever
Would just like to tell you that in my opinion you are doing G R E A T !

Your strategy is surely good (sorry if I am not interested in that now, I have mine), but what I like most is the way you got up and got up and got up again.

Compliment.

Also my compliment to JeremyMoore.

It seems to me to see a "Rocky" Fight and the words of the Trainer at the end of each Round

If you'll either get to 10.000 or not I really think is not so very much important.

Ok, it is your goal and I really respect it, but....have a look at what you did,...
Thnx for the support.

Well my main problem is to cut losses on time, and be more patient. But using this method it is sometimes difficult to see when i'm really in loss.
Still mastering the skills.

The MM is probably crazy, but i've seen my masters using it and it works.

Someday i hope i'm ready to wear the blackbelt.

Lets see if tomorrow going to be as good as the last days.

Regards
  • #66
  • Nov 17, 2010 1:26pm Nov 17, 2010 1:26pm
Hi,

Today was not good. 1st trade short was taken a bit too fast, and when it was in profit and saw that price was turning around, i had to close it with a small profit, but i was still hoping for a down move. Well if you're going to hope, then you are most of the time wrong. Added another short later, but also too early. Price could not break the daily PP, and went down again. At one point i had a nice profit, but my TP was too far away. Ended up with some smaller profit, but still a profit. The other trades where not ok also, sometimes too late or to early. So not the best day for me. Looked like some greed was trying to take over my mind.
Fortunately i ended up with a good profit.

I hope tomorrow will be better for me.

Regards
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  • #67
  • Nov 17, 2010 3:03pm Nov 17, 2010 3:03pm
You would probably trade better if you were not forcing yourself to make 10,000%. I'm going to go out on a limb and say that's impossible for someone in your position. 50% in 60 days is much easier on the head than 10,000%. Good luck.
  • #68
  • Nov 17, 2010 3:19pm Nov 17, 2010 3:19pm
I think that turning $100 to 10,000 in two months is obviously possible, you can lose an account in one day as well as you can double your account in one day so why not? so i think the idea of what your doing is worth it because your only risking $100 so if you lose it, it wont affect your life, but what it can do is effect the amount of time you put in to this until you reach your goal or get margin called, so your loss is time+$100, so is it worth it?
  • #69
  • Nov 18, 2010 11:15am Nov 18, 2010 11:15am
Hi,

Well i blew it today. Stupid greed in me. I have to learn to take losses and lock in profits earlier.
Back to the beginning again.

Regards
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  • #70
  • Nov 19, 2010 10:39am Nov 19, 2010 10:39am
Hi,

Today my approach was totally wrong, but it ended ok.

I know now what my problem is with trading, but i still have trouble to change my mindsetting.
Well still got 20 days to try to change my mind. Hope it will happen.

Have a good weekend all.
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  • #71
  • Nov 19, 2010 12:39pm Nov 19, 2010 12:39pm
Quoting msiamd
Hi,

Today my approach was totally wrong, but it ended ok.

I know now what my problem is with trading, but i still have trouble to change my mindsetting.
Well still got 20 days to try to change my mind. Hope it will happen.

Have a good weekend all.
Where is your account account at now?
"speak softly, and carry a big stick" Teddy Roosevelt
  • #72
  • Nov 22, 2010 11:01am Nov 22, 2010 11:01am
Hi,

Results of day 41.
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  • #73
  • Nov 23, 2010 12:43pm Nov 23, 2010 12:43pm
Hi,

Results of day 42.
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  • #74
  • Nov 23, 2010 12:51pm Nov 23, 2010 12:51pm
You are making a comeback from that loss last week. Very good.... This journal is progressing nicely.
"More important than the quest for certainty is the quest for clarity"
  • #75
  • Nov 24, 2010 11:16am Nov 24, 2010 11:16am
Hi,

Results of day 43.
Attached Image (click to enlarge)
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  • #76
  • Nov 25, 2010 11:54am Nov 25, 2010 11:54am
Hi,

Result of day 44.

Almost had to give back my daily profit, but managed to get out on time and keep it. I must be aware of greed..
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  • #77
  • Nov 25, 2010 12:37pm Nov 25, 2010 12:37pm
Quoting msiamd
Almost had to give back my daily profit, but managed to get out on time and keep it. I must be aware of greed..
Hate it when that happens.
  • #78
  • Edited 6:26am Nov 26, 2010 3:56am | Edited 6:26am
Hi,

Result of day 45.

I will stop for this week, before i make some mistakes and have to give back the profit.

Have a nice weekend all.

edit:
Could not resist to take another trade, but i was too late. Bad habbit of mine. Will quit now!
Attached Image (click to enlarge)
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  • #79
  • Nov 27, 2010 9:30am Nov 27, 2010 9:30am
Good Job!
  • #80
  • Nov 27, 2010 9:37am Nov 27, 2010 9:37am
Thnx for the support.

If i only had more control over my greed and a bit more patient, i maybe would have done better the weeks before this one. This week was indeed ok.

Cheers
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