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Trading Made Simple

  • #6,481
  • Jun 29, 2011 1:26pm Jun 29, 2011 1:26pm
FTIME, I know how you feel. I am just on the losing side most of the time. I am just about ready to give up.

Cheers,

Geoff
  • #6,482
  • Jun 29, 2011 1:38pm Jun 29, 2011 1:38pm
Quoting FTimeForex
Thierry,

I'm starting to find that the 4H is the way to go for me. Do you use S/L's and if so how many pips do you typically set for them? Thanks for the reply Thierry. I appreciate your response.
FTimeForex,

YW! i put my SL below/above last swing hi/low, Big SR/BRN points.
I never look at the pips, it could be 25 pips but it could also be 150 pips.
Look your SL in relation with your TP. I try to have minimum around 1:1
  • #6,483
  • Jun 29, 2011 1:42pm Jun 29, 2011 1:42pm
Quoting geoffgjones
FTIME, I know how you feel. I am just on the losing side most of the time. I am just about ready to give up.

Cheers,

Geoff
Don't give up! You need to work hard to make it in this business. Just demo or take a small account for a while. Read the thread again, do some backtests.
You can make it in this business with a system, good MM and the right discipline, pschys. Its a marathon, not a sprint.
  • #6,484
  • Jun 29, 2011 1:43pm Jun 29, 2011 1:43pm
Quoting Thierry
FTimeForex,

YW! i put my SL below/above last swing hi/low, Big SR/BRN points.
I never look at the pips, it could be 25 pips but it could also be 150 pips.
Look your SL in relation with your TP. I try to have minimum around 1:1

Thierry,

That is usually what I do with my S/L as well. I just need to enter my trades better so I quit getting stopped out. I will keep at it. Thanks for the insight.
  • #6,485
  • Jun 29, 2011 2:05pm Jun 29, 2011 2:05pm
Quoting geoffgjones
FTIME, I know how you feel. I am just on the losing side most of the time. I am just about ready to give up.

Cheers,

Geoff
I am not talking about this system....but u just have to look too hard to make in this business.
Trade responsiblypatience is the key/Swing trader
  • #6,486
  • Jun 29, 2011 2:08pm Jun 29, 2011 2:08pm
Quoting geoffgjones
FTIME, I know how you feel. I am just on the losing side most of the time. I am just about ready to give up.

Cheers,

Geoff
Geoff

I guess we've all felt like that at some point. Could you post up a chart when you make a trade? Best take the snapshot at the time you take the trade, not later. Trouble with retrospective charts is that you can't see how the chart looked at the time of trade entry... that first candle you entered on will, in all likelihood, have changed size/shape since the point of entry. Also need to see the actual price that you bought/sold at.
  • #6,487
  • Jun 29, 2011 2:12pm Jun 29, 2011 2:12pm
Last night's trades all based off of H4 charts - timeline was 9pm to 10pm pst:

eur/cad short +98
usd/cad short +80
aud/jpy short + 63

My Day and H4 candles start at 9pm pst / midnight est, so just 1 hour before Europe and 2 hours before UK openings.

When I figure out the process for attaching charts, they will follow :-)

Currently up around 600 pips over the past month using 5 Metod.

Welcome back Big E - glad to see you on the thread again.

Cheers - David C.
"To Live with Passion, it takes Courage and Grace to survive"
"To live with Passion, it takes Courage and Grace to survive"
  • #6,488
  • Jun 29, 2011 2:17pm Jun 29, 2011 2:17pm
Thanks all for your support.
I will try harder!
The next time I pull the trigger I will screen shot and post it here.

I have always enjoyed learning, and will try and make this
a learning experience.

Cheers,

Geoff
  • #6,489
  • Jun 29, 2011 2:29pm Jun 29, 2011 2:29pm
Quoting geoffgjones
Thanks all for your support.
I will try harder!
The next time I pull the trigger I will screen shot and post it here.

I have always enjoyed learning, and will try and make this
a learning experience.

Cheers,

Geoff
Yea, i found that's best way to get other people opinions.
  • #6,490
  • Jun 29, 2011 3:12pm Jun 29, 2011 3:12pm
Thanks Big E and Bee


Quoting eelfranz
ssaqueel.... Congrats
  • #6,491
  • Jun 29, 2011 3:19pm Jun 29, 2011 3:19pm
Quoting geoffgjones
Thanks all for your support.
I will try harder!
The next time I pull the trigger I will screen shot and post it here.

I have always enjoyed learning, and will try and make this
a learning experience.

Cheers,

Geoff

Mate, weve all been there, sometimes i feel like throwing my laptop at the wall, or at some of the people on this thread making good pips haha.

Take a break for a day or 2, go do something with friends/family etc. come back fresh next week, we'll all still be here to help and the markets arent going anywhere either.
  • #6,492
  • Jun 29, 2011 3:24pm Jun 29, 2011 3:24pm
as i see 4 hour is better, stronges signals then 1hour so i decided follow 4hour.
  • #6,493
  • Jun 29, 2011 4:01pm Jun 29, 2011 4:01pm
33Drifter, I think you are right. A bit of fresh air, then re-read this thread at the weekend, a bit of back testing, use 0.01 lots next week and I should be a new man!

Thanks again for all the support. I hope I will be adding something positive to this thread soon, and thus return the favour.

Cheers,

Geoff

Oh, yeh, and no overtrading!
  • #6,494
  • Jun 29, 2011 4:44pm Jun 29, 2011 4:44pm
Is there an EA made based on this system?
  • #6,495
  • Jun 29, 2011 4:54pm Jun 29, 2011 4:54pm
Bez3000,

I admire the kind of pips you bring in. I am a newbie and been trading this system for a month now, with up and down success. But ? How many pairs do you trade and what are they? I currently trade the six major pairs but some times I am just on the sideline for too long and end up doing something stupid.
Did you know the profiteers like their money green?
  • #6,496
  • Jun 29, 2011 4:57pm Jun 29, 2011 4:57pm
Nope...not on this thread anyway...
Try over here on this link...
No interest here for an EA per the threads originator...
Hope this helps you out...
http://www.forexfactory.com/showthread.php?t=292301
Cliff

Quoting bwa
Is there an EA made based on this system?
I get exercise just pushing my luck
  • #6,497
  • Jun 29, 2011 5:01pm Jun 29, 2011 5:01pm
Quoting bwa
Is there an EA made based on this system?
Yes there is, check this thread out:

http://www.forexfactory.com/showthread.php?t=292301
Born to rule my Economic World and Make a Difference!
  • #6,498
  • Jun 29, 2011 5:17pm Jun 29, 2011 5:17pm
Hello, what do you think?
too far from the yellow?
resistence.. third candle..

or good?
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  • #6,499
  • Jun 29, 2011 5:39pm Jun 29, 2011 5:39pm
Quoting Danyjoe
Hello, what do you think?
too far from the yellow?
resistence.. third candle..

or good?
isnt that daily chart you looking at,
do you take the trade using daily chart ?
i thought daily chart is used to just confirm the trend and takes are taken in 4h or 1h or lesser TF
  • #6,500
  • Jun 29, 2011 7:01pm Jun 29, 2011 7:01pm
Quoting sadler
isnt that daily chart you looking at,
do you take the trade using daily chart ?
i thought daily chart is used to just confirm the trend and takes are taken in 4h or 1h or lesser TF
The 5 Method should work on any time frame - I use it on the Day and 4 hour.
"To live with Passion, it takes Courage and Grace to survive"
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