Here is another trade I am in:
Eur/Usd, not much position left here but solid profit!
Thank you!
Eur/Usd, not much position left here but solid profit!
Thank you!
Attached Image (click to enlarge)
Extracted Thread (per thread starter's request)
In more than four years of trading, this is the first time I was confident of entering, reentering and knowing what amount of S/L to place for each pair. The most important of these 3 is the REENTERING part. I know this is one of the biggest problems with traders I've communicated with. After taking profit or suffering a loss, we always would not know where to reenter. But with this system, I can. So far, I've earned more $$$ than lose $$$ with this system.
Another very big plus with this system is I can now watch 16 pairs whereas before, I used to watch 2 to 3 pairs and it was very stressful already.
Another is because of this system, I'm reading less and less of the analysis of traders on Forex Factory's Interactive Trading Forum, which usually caused more confusion on my analysis of a pair. Now, I trust my trades with the FH system.
Thank you again FH for this simple and easy system and Squalou for the indicator.
Another very big plus with this system is I can now watch 16 pairs whereas before, I used to watch 2 to 3 pairs and it was very stressful already.
Another is because of this system, I'm reading less and less of the analysis of traders on Forex Factory's Interactive Trading Forum, which usually caused more confusion on my analysis of a pair. Now, I trust my trades with the FH system.
Thank you again FH for this simple and easy system and Squalou for the indicator.
- #1,624
- Oct 3, 2011 3:22am Oct 3, 2011 3:22am
I feel bad that my frustration with forexhard this weekend made me post some negative, emotional and barbed comments which, as Mer071898 pointed out so well, are of no worth to anyone here. I apologise for that.
I started out making a simple comment about some data and a chart that FH had posted. I did this because I didn't want new traders who may have been over-excited by the figures he posted diving in and losing a load of money. And yes, I thought it was dishonest, but I'm sure I read FAR too much into it. I guess FH was simply showing the potential in the trades, not what he would have actually traded.
I know there are loads of seasoned traders and others here who are really happy with how you have been able to work FH's tips and Squalou's indicator into your trading. That's brilliant - I am always inspired when I see people succeeding with trading - mostly because I'm not very good at it!
If you read back through my posts, you will see I've always said there was huge potential with this 'system' or pattern, whatever you want to call it (of course there is! Traders have been using it since the dark ages). Where I went wrong with this system is that I focussed on the entry method and trade management that FH taught. And as FH pointed out, I didn't take what was here and work it into something of my own.
A lesson for everyone there I think.
-- Maybe like my friend Flamenco it will take you 2 years to finally "get it".
No, it actually took less than a day. I had a couple of off-line conversations this weekend which really turned the lightbulb on for me and I've started putting my own methodology together. It's a real shame the people who nudged me in the right direction haven't been allowed to contribute to this discussion. They are generous with their time, have good ideas and could have helped people out.
Anyway, FH and I obviously have 'incompatible personalities'
so I'll call it a day for this thread.
Happy and profitable trading!
PB
I started out making a simple comment about some data and a chart that FH had posted. I did this because I didn't want new traders who may have been over-excited by the figures he posted diving in and losing a load of money. And yes, I thought it was dishonest, but I'm sure I read FAR too much into it. I guess FH was simply showing the potential in the trades, not what he would have actually traded.
I know there are loads of seasoned traders and others here who are really happy with how you have been able to work FH's tips and Squalou's indicator into your trading. That's brilliant - I am always inspired when I see people succeeding with trading - mostly because I'm not very good at it!
If you read back through my posts, you will see I've always said there was huge potential with this 'system' or pattern, whatever you want to call it (of course there is! Traders have been using it since the dark ages). Where I went wrong with this system is that I focussed on the entry method and trade management that FH taught. And as FH pointed out, I didn't take what was here and work it into something of my own.
A lesson for everyone there I think.
-- Maybe like my friend Flamenco it will take you 2 years to finally "get it".
No, it actually took less than a day. I had a couple of off-line conversations this weekend which really turned the lightbulb on for me and I've started putting my own methodology together. It's a real shame the people who nudged me in the right direction haven't been allowed to contribute to this discussion. They are generous with their time, have good ideas and could have helped people out.
Anyway, FH and I obviously have 'incompatible personalities'
so I'll call it a day for this thread.Happy and profitable trading!
PB
- #1,629
- Edited 2:22am Oct 4, 2011 12:11am | Edited 2:22am
- | Commercial User | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.
- #1,633
- Oct 4, 2011 8:23am Oct 4, 2011 8:23am
- | Commercial User | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.
- #1,634
- Oct 4, 2011 9:28am Oct 4, 2011 9:28am
eurcad +60 (for me this is great!)
cadchf +8 after SL moved to BE. May re-enter
usdchf still open currently up +22
Edit: closed usdchf for +27. I hate huge bars. Didn't see it earlier cuz I'm at work. Have to hit the "boss" button constantly!
I'm done for today, it was a good day.
@Andri: and I even got to sleep through the night! It was all during NY session EST!! BTW email alarms all worked great today.
cadchf +8 after SL moved to BE. May re-enter
usdchf still open currently up +22
Edit: closed usdchf for +27. I hate huge bars. Didn't see it earlier cuz I'm at work. Have to hit the "boss" button constantly!
I'm done for today, it was a good day.
@Andri: and I even got to sleep through the night! It was all during NY session EST!! BTW email alarms all worked great today.
Luck occurs when preparation meets with opportunity.
- #1,638
- Oct 5, 2011 10:31am Oct 5, 2011 10:31am
- | Commercial User | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.
