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M15 Trading Method (help required!)

  • #81
  • Jul 8, 2011 8:44am Jul 8, 2011 8:44am
Gu trade hit limit took 35 x 2 from phone just. Easy life shoulda lowered the sl limit before the nfp coulda doubled profit easy.

Up 50% on the week barely trying with next to no screen time keep this up for a few more weeks role over some proper money and back to full time trader plan
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #82
  • Jul 8, 2011 11:41am Jul 8, 2011 11:41am
What percentage of the account are you risking per trade? I am assuming it is high to get returns of 30% plus per week ?
  • #83
  • Jul 8, 2011 11:52am Jul 8, 2011 11:52am
Quoting cryton
What percentage of the account are you risking per trade? I am assuming it is high to get returns of 30% plus per week ?

It's only a $50 micro account I opened for a play, it's more about proving the method to be acceptable and well it IS big time.

Pairs today which called a entry and worked or woulda hit SL is :-


GU Broken over and worked ( had a SE there did okay, coulda been better )

EJ turned down and kept going, Worked.

EU ran upto 250ema after NFP then reversed perfectly WORKED!!

USDCHF trend reversal but no entry called so neutral!!

USDCAD turned up, retested 250ema and rocked back up.

USDJPY same as USDCHF

Silver, was sitting over the 250ema before nfp and shot up, worked.


So, 5 worked, 2 neutrals and 0 fails!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #84
  • Jul 8, 2011 12:47pm Jul 8, 2011 12:47pm
Should really have a $200 account + Profits just too lazy to do the other payment yet, so normalize the 50% down to 12.5% up same $ value ofcourse ~$25.


I've left a LOT of pips on the table aswell, 60+ on EU and 30 area on GU today, so think normalized 20% per week without breaking my back at $200 - $500 then lower risk again so 15% and longer term 10% per week.


Based on those stat's from $200, it'll take me 4 months to get to $2000, I'm going to have to fast forward a LOT and bump the account upto $2000 which is doable

Give it another 2 - 3 weeks prove the method is long term not just a good lucky spell!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85
  • Jul 8, 2011 2:59pm Jul 8, 2011 2:59pm
System better explained, the twin red lines is the 250ema with a few pips ~10pips to filter out inaccuracy a bit, nothing is as accurate as a 0.1pip line.

Short under and near, SL just the other side, keeps your loss small relative to the profit potential.

Sometimes it doesn't get there as accurately as you'd like, so rather than miss a move got to risk more and accumulate as it nears and your cost potential drops.

I like on EU even in the NFP the 250ema sellers where king and EU still held on that line perfectly.

My only complaint is, this is TO good, it's to simple, it's making too much money, will it be short term.

Not enough M15 back data to test more than 5 - 6 weeks.
Attached Image (click to enlarge)
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86
  • Jul 8, 2011 3:10pm Jul 8, 2011 3:10pm
p.s. when I started this thread and my move to M15 trading I didn't expect to modify my M1 system find a few MA's that looked good and instantly crack it, but hey got lucky
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #87
  • Jul 8, 2011 3:49pm Jul 8, 2011 3:49pm
Hi Turveyd,

congrats for your system...I wish you good trading and good pips to come...

I have been following your thread and I have one question: how are you calculating your Take Profit Level? on the dotted line? which parameters does it have?

other question: your SL, how many pips away from the 250 ema are you setting it approx?

interesting system,
thanks!
  • #88
  • Jul 8, 2011 6:22pm Jul 8, 2011 6:22pm
Quoting brokerr
Hi Turveyd,

congrats for your system...I wish you good trading and good pips to come...

I have been following your thread and I have one question: how are you calculating your Take Profit Level? on the dotted line? which parameters does it have?

other question: your SL, how many pips away from the 250 ema are you setting it approx?

interesting system,
thanks!

TP well I'm generally taking that like a rookie at the first sign of resistance which leaves a lot of pips on the table generally so just guessing this part NEEDS WORK!!

I like my SL the other side of the 250ema abit to allow for random spikes, my first SL is generally 45 SL or less, then I'll buy another 10pips lower ish, same SL so 35, then again 25SL, maybe again with 15SL I just set limits for those and leave it, sometimes none fill or all fill and SL gets hit but rare on that thankfully

Filtering out the good 250ema trades and the bad ones are key to this ofcourse, but my M1 trading seems to have gotten me there!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #89
  • Jul 9, 2011 5:44pm Jul 9, 2011 5:44pm
Testing my method back to Jan area with more data GU so far, performance looks poor until mid April then suddenly it fits and works.

EU just checked looks great all the way back to last December so not a worry, just pick the pair to trade which has been working a few days before like I'm doing, then adapt if need be later.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #90
  • Jul 10, 2011 9:03am Jul 10, 2011 9:03am
Just added to the little account doubling it, won't increase my risk level until up some more though, in 2 weeks if account still doing well I'll double it again.


Try to reduce the time till it's worth something wage like.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #91
  • Jul 10, 2011 6:41pm Jul 10, 2011 6:41pm
Not many trades near a buy point and risky cause NFP created spike in say GU, turning it up possibly artifically.

So.......


GU Long, likely prefer to take a short on 1.6000 breaking though.

GBPJPY, range plays maybe Long near 129, SL 128.80 area might work.

USDTRY turned up 1.63 to take out, could be fake per above.


Think I'll wait to the AM and let the market settle over night!!


Account is looking perty moneys hit it
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #92
  • Jul 11, 2011 5:13am Jul 11, 2011 5:13am
No high probability low sl cost setups yet.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #93
  • Jul 11, 2011 6:19am Jul 11, 2011 6:19am
Well done dude pleased going well for you ....am still travelling my M5 and today been ok just using RSI and ema crossover been on E/U and G/U ...still think it is a tricky mother of a market atm but have to cut your cloth to suit as they say.

Will get to look at m15 stuff when have some time ....are you just using ma's as your main setup?

cheers and good trading
  • #94
  • Jul 11, 2011 6:56am Jul 11, 2011 6:56am
Quoting siboy
Well done dude pleased going well for you ....am still travelling my M5 and today been ok just using RSI and ema crossover been on E/U and G/U ...still think it is a tricky mother of a market atm but have to cut your cloth to suit as they say.

Will get to look at m15 stuff when have some time ....are you just using ma's as your main setup?

cheers and good trading

Same setup as normal really, use ema 250 mainly see the market reversing off it historically, get it near, SL under and see where it goes.

Spot the direction, jump on the direction on a pull back, take profit when direction changes or there is enough for you to bank and cover any losses you take, don't make it any more tricky than that.

Pairs don't interact often with 250ema M15 ofcourse but more than you'd think and with 12 pairs being watched you get 2 - 4 good trades per day, check hourly takes 30seconds to flick through all 12 unless something interests me.

I thought I'd of went M5 rather than M15 being a devot M1er but I tried and actually prefered M15 the setup is just stronger and generally nets a lot more pips.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #95
  • Jul 11, 2011 3:36pm Jul 11, 2011 3:36pm
Going to be a day or 10 before my 250ema comes into play again at this rate, hmmmmm!! but hey patience!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #96
  • Jul 11, 2011 5:19pm Jul 11, 2011 5:19pm
USDCAD, possibly top, might be worth building a short position near 0.9700, all on 9700 failing ofcourse. Counter trend and risky ish!! Absence of real movement on a day like today suggest SELL Pressure to.

USDCHF, downtrend here, SL would be kinda large but yet again no selling



Doing USDCAD as SL is @30 and acceptable, will add more nearer 9700 given the chance ( limits going in )


Theory is, news is over reaction went into today, time for the previous trend to prevail!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #97
  • Jul 11, 2011 5:25pm Jul 11, 2011 5:25pm
Wasn't paying attention at all today, EU was a counter trend Long buy near 1.4000 I expect EU will race up hugely, USDCAD do the reverse and drop nicely, better cheaper if front entry on the USDCAD though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #98
  • Jul 11, 2011 5:26pm Jul 11, 2011 5:26pm
Confidence is higher, doubled USDCAD's size, still only risking 100pips in total, chance to make 400+ pips, that risk to reward you've got to risk it really.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #99
  • Jul 11, 2011 7:03pm Jul 11, 2011 7:03pm
USDCAD stalled, 2 pips before my second entry so pulled that and got in manually, it's only 2 pips after all, 1 more 1/2 sized entry slightly higher just incase.


Sleep time, here is hoping waking up to profits, I like making money while I sleep, suites my lazy personality perfectly
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #100
  • Jul 12, 2011 2:32am Jul 12, 2011 2:32am
Usdcad went crazy last time i try to pick a top surprised bug time.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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