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On My Way To The Top

  • #641
  • Oct 10, 2011 10:09am Oct 10, 2011 10:09am
hello guys!

Paul thanks so much for wllcoming me!

hire is another good trade on au, good trend and nice support give by fib r3 , this trade was good for 3%
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passion and discipline
  • #642
  • Oct 10, 2011 10:13am Oct 10, 2011 10:13am
Does anybody use these reports? Just researching the idea myself. Read the Big Dog book by Peter Bain a few years back and I'm kinda curious to see if anybody out there is using this concept and how there doing.
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  • #643
  • Oct 10, 2011 10:27am Oct 10, 2011 10:27am
So I'm finally a bit less occupied and here are my trades for today as I was done trading before u.s. session but didn't expect much from n.y. since today is a bank holiday for the u.s but anyway total on account about 53%...today is the best day I've had so far but all trades were taken per the rules on the first post...simple enough...on usd cad and usd chf I had to reduce the risk to 1% since I had four positions going already...
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No man is free who is not a master of himself. -P.M.-
  • #644
  • Oct 10, 2011 10:32am Oct 10, 2011 10:32am
Roberto,

What do you use for confirmation of your trades because both entries you took I would not because my way of determining the trend shows price a bit overbought...but you take those types of entries often from pics you have sent me in the past and such but they seem to work out very well for you...so I'm a bit curious if you would mind sharing...
No man is free who is not a master of himself. -P.M.-
  • #645
  • Oct 10, 2011 10:34am Oct 10, 2011 10:34am
Good trading though...today was another REALLY good day for getting into the trend...but after days like today I don't really expect much for the next following days but who knows last week proved me wrong as it wasn't the next day after a trending day that was a bit odd but instead it was the day after that...so we will see...

Paul
No man is free who is not a master of himself. -P.M.-
  • #646
  • Oct 10, 2011 10:35am Oct 10, 2011 10:35am
Quoting numb nuts
Does anybody use these reports? Just researching the idea myself. Read the Big Dog book by Peter Bain a few years back and I'm kinda curious to see if anybody out there is using this concept and how there doing.
I've never really gotten too much into fundamental analysis and economics and reading data and such like that as I've spent all my time dedicated towards learning technical trading and a method that works for me so I've not had the opportunity to get into that but I do honestly plan on getting into that at some point during my trading career (if you want to call it that lol...)
No man is free who is not a master of himself. -P.M.-
  • #647
  • Oct 10, 2011 10:38am Oct 10, 2011 10:38am
I told you to go ahead and throw the alerts that MJ coded on your charts and it will help...it pretty much triggers whenever there is an entry...for the most part its helped me to be at the computer or at least wake me up for the morning to go ahead and start making money even if there isn't a valid set up...and the bsb alert and ctt alerts are good but alert way too much and are quite annoying but they still work nonetheless if it can be coded with options like the main system's alert....it really sucks you missed the party today...but oh well I guess it happens...

Paul
No man is free who is not a master of himself. -P.M.-
  • #648
  • Oct 10, 2011 12:34pm Oct 10, 2011 12:34pm
MJ was so kind as to code this great help for me but this is the reason I'm able to catch a lot of the good entries since he coded the alerter for me which I run on one computer and get a text to my phone which wakes me if I'm asleep or whatever and I just jump on my lap top and make it happen....examples of alert where each vertical line is an alert...which I have set to only alert me once per pair until I reset that pair...makes things a lot better so I don't have to really sit at the computer screen like that...still need bsb alert and ctt alert worked out so its a bit more efficient with less false signals and blah blah blah....
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No man is free who is not a master of himself. -P.M.-
  • #649
  • Oct 10, 2011 12:34pm Oct 10, 2011 12:34pm
Thanks MJ and hope everything is going good with your move and all is well...
No man is free who is not a master of himself. -P.M.-
  • #650
  • Oct 11, 2011 7:25am Oct 11, 2011 7:25am
No trades for the day yet...everything is moving along but no entries for me so it may be just a day with no trades perhaps...just one of those days like I mentioned yesterday...
No man is free who is not a master of himself. -P.M.-
  • #651
  • Oct 11, 2011 8:33am Oct 11, 2011 8:33am
hi guys!

i wana share my 2 trades for the mornig, the first one was on aud, i always trade in the direction an confirmation of m15 if i place the trade in m5.
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passion and discipline
  • #652
  • Oct 11, 2011 8:37am Oct 11, 2011 8:37am
second trade was on usdchf, i had a nice triple touch and stochastic in agreement
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passion and discipline
  • #653
  • Oct 11, 2011 8:42am Oct 11, 2011 8:42am
Quoting pmullin86
Roberto,

What do you use for confirmation of your trades because both entries you took I would not because my way of determining the trend shows price a bit overbought...but you take those types of entries often from pics you have sent me in the past and such but they seem to work out very well for you...so I'm a bit curious if you would mind sharing...

hi Paul!

i like to keep things very simple. what i whait for is for stoch in a nice trend and retrasement of the green line in m15 (see pic) and always price action for confirmation, what im looking for is to get 10 or 15 pips, you have to be aware of reversals.
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passion and discipline
  • #654
  • Oct 11, 2011 10:50am Oct 11, 2011 10:50am
nice trading once again Roberto and thanks for the explanation...I'm thinking that I'm just going to sit today out at this point...no need to try and force an entry into the market if conditions aren't as I would like to see them so I'm never afraid to just sit on the sidelines and wait for the next day...
No man is free who is not a master of himself. -P.M.-
  • #655
  • Oct 11, 2011 3:46pm Oct 11, 2011 3:46pm
one entry today in which I took a little less than 4% so I guess I will just call it +3%....buy on aud usd...
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No man is free who is not a master of himself. -P.M.-
  • #656
  • Oct 11, 2011 4:17pm Oct 11, 2011 4:17pm
Hmmm...kind of disappointed in myself...not because I didn't take many entries today or make my goal but because in retrospect I do see a few entries that I should have taken but for one reason or another I did happen to miss...I guess its better to miss entries than to take bad ones...the alerts I have set up allowed me to see the countertrend entries but I know of a change that I need to make once I get home...for one I need to be sure to have the bsb alert and ctt alert specify which it is and for that I will need to go in and manipulate the code a bit and that would help to know what I'm looking for exactly and than for two I need to use my one computer for alerts and the second computer strictly for taking trades and analyzing the charts and that way the computer that is slowed down from all its resources being taken up...I wont need to do anything with and I can freely use my other computer to switch time frames and do whatever else I may need to do and that would help make the process and seamless as it should be...
No man is free who is not a master of himself. -P.M.-
  • #657
  • Oct 12, 2011 4:37am Oct 12, 2011 4:37am
Hey pmullin,

Nice thread you have going here. Have been reading through it for the last week and am still trying to get up to date. I haven't used stochs so much before although in my early days I did look at spudfyres thread but never really implemented his way. I trade using Dreddings system on the 5min but took a couple of trades this morning using what I think are valid entries using your approach. Both were successful. Risking only 1% the ej trade went to 3%( using trailing stop ) and uc trade returned 4.5% as I closed the trade manually after a couple of big moves down. You can comment on them if you wish.
I still need to get to grips with the ins and outs but will forward test some more.

You mentioned that you have an alerter that you are using to give a heads up to possible entries. What file is that as I have found a couple of indicators on your thread that give alerts/emails?

B.
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  • #658
  • Edited 6:08am Oct 12, 2011 5:11am | Edited 6:08am
Quoting balrog
Hey pmullin,

Nice thread you have going here. Have been reading through it for the last week and am still trying to get up to date. I haven't used stochs so much before although in my early days I did look at spudfyres thread but never really implemented his way. I trade using Dreddings system on the 5min but took a couple of trades this morning using what I think are valid entries using your approach. Both were successful. Risking only 1% the ej trade went to 3%( using trailing stop ) and uc trade returned 4.5% as I closed the trade manually after...

Thanks for stopping by and checking things out and contributing with your entries and such... I have seen you around Dredding's thread before but I must say excellent entries...I actually took the usd cad entry myself...but don't really make a habit of trading the e/j too much...but your entries are pretty solid and with the rules...(the trend lines are just an added confirmation but not necessarily part of the system but nice that you grasped the concept of integrating it into your entries....the only thing is with the rope (you may not be fairly familiar with it) but generally I dont just take the stochastic on its own but look to the stochastic rope for every part of the rope to be moving in the same direction for the most part....so I would have taken the ej ten minutes later...and taken the usd cad ten minutes later than your entry also...but again good entries...it seems you do have a fairly good understanding of the rules...and congrats on the successful trades...(the rope is integral to the strategy to filter out bad trades and show strength so please look into it a bit if you havent already...)



Paul
No man is free who is not a master of himself. -P.M.-
  • #659
  • Oct 12, 2011 5:13am Oct 12, 2011 5:13am
and the alerts you are using are not for that system...lol those are for the other two types of entries I take that I have not outlined the rules for in here as of yet....
No man is free who is not a master of himself. -P.M.-
  • #660
  • Oct 12, 2011 5:38am Oct 12, 2011 5:38am
Hey, thanks for the reply.. Was looking for entries yesterday but didn't get any before London close so left it at that. I was glad to see a couple of entries this morning though to give it a test. The ej I look at only because I don't like trading the uj..

Thanks for the explanation of the rope.. I'll check that out today as I might have some time now as all my pairs have gone past their daily range (is this something that you keep in mind?). Maybe I was just a bit eager to get an entry with your rules but hats off to you as it seems a solid and robust approach for you so far.

I picked up some good habits over at Dredds thread and having trend lines was one of them so I just stick them in whenever I can. The semafor is another that I have on all my charts now.

Keep up the good work and I'll update along the with some charts if that's ok with you. I might try some bsb trades as well but am not as comfortable with them yet so we'll see.

B.


Quoting pmullin86
Thanks for stopping by and checking things out and contributing with your entries and such... I have seen you around Dredding's thread before but I must say excellent entries...I actually took the usd cad entry myself...but don't really make a habit of trading the e/j too much...but your entries are pretty solid and with the rules...(the trend lines are just an added confirmation but not necessarily part of the system but nice that you grasped the concept of integrating it into your entries....the only thing is with the rope (you may not be fairly...
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