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  • #1,381
  • Jun 2, 2011 5:53am Jun 2, 2011 5:53am
Quoting forexhard
My current template is attached.
Thanks for template Forexhard but the bar timer dosnt seem to be counting down,any thoughts. T
  • #1,382
  • Jun 2, 2011 9:40am Jun 2, 2011 9:40am
Another basket closed out for $120 in profit.

Started it last night, about 10 hours ago. This time it went kind of heavy into DD. About -$160 or so. I changed nothing and just let it run. It eventually came around and I closed out in profit.

This basket had 7 pairs: 6 Longs & 1 Short.
To improve is to change. To perfect, is to change often.
  • #1,383
  • Jun 2, 2011 9:44am Jun 2, 2011 9:44am
Quoting forexhard
Another basket closed out for $120 in profit.

Started it last night, about 10 hours ago. This time it went kind of heavy into DD. About -$160 or so. I changed nothing and just let it run. It eventually came around and I closed out in profit.
Sorry be come down so hard on you but that's a pointless figure. Without providing more context this number is as good as any.
If you don't risk, you don't ever have to lose.
  • #1,384
  • Jun 2, 2011 9:52am Jun 2, 2011 9:52am
Great!! Looks like this thread is being resurrected from Dead.

Last trade closed with stop loss getting hit.
  • #1,385
  • Jun 2, 2011 9:53am Jun 2, 2011 9:53am
Quoting bug
Sorry be come down so hard on you but that's a pointless figure. Without providing more context this number is as good as any.
I'm not posting for your benefit, or for anyone else's but my own. Consider these posts as a personal trading journal. If you can follow it, great. If not, don't expect me to re-write it for you.

The best way to criticize is to do better. So if you can, be my guest.
To improve is to change. To perfect, is to change often.
  • #1,386
  • Jun 2, 2011 10:00am Jun 2, 2011 10:00am
Quoting ES Trader
Great!! Looks like this thread is being resurrected from Dead.

Last trade closed with stop loss getting hit.
I hope you don't mind me chiming in on your trades ES, but I saw 2 things wrong with your last basket. First is that it only had 2 trades. Two trades makes for a very poor basket, especialy when both trades are going the same direction (Long in your case.) Second, is that the 2 trades you took were exactly the ones suggested by the indi. You took no initiative to understand what the bottom histogram was telling you, and how you might have used that information to pick out more, and better, trades for filling out that basket. It would have been very easy to pick out 2 Shorts to balance those Longs.

My advise would be to spend more time figuring out the bottom histogram. It is telling you things the upper indi isn't.
To improve is to change. To perfect, is to change often.
  • #1,387
  • Jun 2, 2011 10:01am Jun 2, 2011 10:01am
Quoting forexhard
I'm not posting for your benefit, or for anyone else's but my own. Consider these posts as a personal trading journal. If you can follow it, great. If not, don't expect me to re-write it for you.

The best way to criticize is to do better. So if you can, be my guest.
That is exactly right. When I put my trade it is for two reason

1. To enforce in my own mind what I am doing is right or not

2. To get some constructive suggestion from some of the best traders in the world that often lurks in FF.
  • #1,388
  • Jun 2, 2011 10:04am Jun 2, 2011 10:04am
Quoting forexhard
I hope you don't mind me chiming in on your trades ES, but I saw 2 things wrong with your last basket. First is that it only had 2 trades. Two trades makes for a very poor basket, especialy when both trades are going the same direction (Long in your case.) Second, is that the 2 trades you took were exactly the ones suggested by the indi. You took no initiative to understand what the bottom histogram was telling you, and how you might have used that information to pick out more, and better, trades for filling out that basket. It would have been...
Thanks for the suggestion. I will check it out. You are right. It may be good idea to balance it out. One of the reason why I got only two trades and I went confidently with it was because I had put trade level at 10.
  • #1,389
  • Jun 2, 2011 10:08am Jun 2, 2011 10:08am
Quoting forexhard
I hope you don't mind me chiming in on your trades ES, but I saw 2 things wrong with your last basket. First is that it only had 2 trades. Two trades makes for a very poor basket, especialy when both trades are going the same direction (Long in your case.) Second, is that the 2 trades you took were exactly the ones suggested by the indi. You took no initiative to understand what the bottom histogram was telling you, and how you might have used that information to pick out more, and better, trades for filling out that basket. It would have been...
When you say I could have chosen Two shorts to go with Two Longs, Which pair were you suggesting. Can you PLEASE explain further.

Thanks
  • #1,390
  • Jun 2, 2011 10:15am Jun 2, 2011 10:15am
Quoting ES Trader
Thanks for the suggestion. I will check it out. You are right. It may be good idea to balance it out. One of the reason why I got only two trades and I went confidently with it was because I had put trade level at 10.
That's counter productive on several levels, especially when scalping using a weekly setting.

Using a weekly setting is no different from trying to scalp a weekly candle chart. You can do it, but you SL has to be 300 pips or so. Anything less and you're begging to get stopped out.

Give my template a shot, and ignore the upper pairs and concentrate on just the lower histos. Start picking pairs based on just what the histos are telling you, not the upper indi.
To improve is to change. To perfect, is to change often.
  • #1,391
  • Jun 2, 2011 10:31am Jun 2, 2011 10:31am
.
Attached Image (click to enlarge)
Click to Enlarge Name: indis.gif Size: 112 KB
To improve is to change. To perfect, is to change often.
  • #1,392
  • Jun 2, 2011 10:57am Jun 2, 2011 10:57am
Quoting forexhard
.
Can you give me a suggestion of the pairs you would have selected from the

info you have on chart.

Do you look at currency pairs that are above Level 2 Only?
  • #1,393
  • Jun 2, 2011 11:02am Jun 2, 2011 11:02am
Looking at the chart below I would have taken Following trades. Am I right?

Sell NzdJPY
Sell NzdCad

Buy CadChf
Buy Cadjpy
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp4.gif Size: 265 KB
  • #1,394
  • Jun 2, 2011 11:09am Jun 2, 2011 11:09am
I like the ones in bold. I would not have picked the othe 2. They go against the Daily Histo.

Sell NzdJPY
Sell NzdCad <-- To me this is a no trade. Both sides were looking Short (Level 10 red!!!!) on the Daily.

Buy CadChf <-- This should be a Sell. It would be a Buy if it was CHF/CAD.
Buy Cadjpy
To improve is to change. To perfect, is to change often.
  • #1,395
  • Jun 2, 2011 11:22am Jun 2, 2011 11:22am
Quoting forexhard
I like the ones in bold. I would not have picked the othe 2. They go against the Daily Histo.

Sell NzdJPY
Sell NzdCad <-- To me this is a no trade. Both sides were looking Short (Level 10 red!!!!) on the Daily.

Buy CadChf <-- This should be a Sell. It would be a Buy if it was CHF/CAD.
Buy Cadjpy
You are right. But still, I am not sure how BUY CADJPY would be right since CAD is RED and JPY green on daily?
  • #1,396
  • Jun 2, 2011 11:25am Jun 2, 2011 11:25am
Quoting ES Trader
You are right. But still, I am not sure how BUY CADJPY would be right since CAD is RED and JPY green on daily?
You're right, I missed that. But if you already knew, why are you using it as an example? I don't appreciate trick questions.
To improve is to change. To perfect, is to change often.
  • #1,397
  • Jun 2, 2011 11:29am Jun 2, 2011 11:29am
Quoting forexhard
You're right, I missed that. But if you already knew, why are you using it as an example? I don't appreciate trick questions.
I am sorry. I did not mean to trick you. I have no ulterior motive. I started this thread and I am trying to see whether it can be improved more, so that every one can make some GREEN pips !!
Thanks
  • #1,398
  • Jun 2, 2011 11:33am Jun 2, 2011 11:33am
I had forgotten that you were the thread starter. Good job.

I'd love to hear what have you learned after 2-1/2 years of studying this method?
To improve is to change. To perfect, is to change often.
  • #1,399
  • Jun 2, 2011 11:35am Jun 2, 2011 11:35am
Quoting forexhard
I had forgotten that you were the thread starter. Good job.

I'd love to hear what have you learned after 2-1/2 years of studying this method?
I have learned that THERE IS NO HOLY GRAIL.
  • #1,400
  • Jun 2, 2011 11:37am Jun 2, 2011 11:37am
Quoting Tedge UK
Thanks for template Forexhard but the bar timer dosnt seem to be counting down,any thoughts. T
thought i would try again
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