M15 Trading Method (help required!)

Hi,

Can you give examples with charts and arrows where you entry and exit?
Thank you very much!

There is a few examples on previous page you should be able to work it out from that, on holiday at the moment so just on netbook.

Remember, its not about accurate entrys, pick a top in a downtrend and if it goes higher, short more as long as the downtrend isn't broke, if the downtrend doesn't break then you'll likely get to profit, ofcourse some times it will break but that often so all is good.

rule #2 = don't break rule #1 far to much pain in breaking that rule.

Loads of red Ma hits from news last night red held or the first line on the chop range.


Had some ej short small as on holiday limit at the yellow ma filled very nice.

Trading and forcing yourself to at times where it looks to scarey to consider works time after time.

Coulda went better today, USDCHF refused to die took it on the last dip, small position on NZDUSD also so +8% on the day.

Better than a loss, but wanted 20% will keep eyes open for more setups though

GU going Long here, only in $0.1 here as expect further weakness.

Orders set for $0.2 at 5560 and $0.3 at 5550.

SL at 5530


Odds are the uptrend line will attract buyers and it will bounce, SL is far enough out to let it wibble around trend is up so not worried.


Going lower and picking up more positions with less cost if they hit SL would ofcourse be ideal LOL

Not going to get my lower, them be the breaks.

USDCHF went 10pips lower to or 2% oh well need work on holding for 1st Range target, 2nd on stronger days.

Didn't get any weakness took profit on first entry, got the other orders in still so we'll see.

Most Pairs are pulling back here so...


EU Trend is up, so in here for $0.2, 1 x at 65, 1 x 50, 2 x 40

SL 20


It DOES NOT look nice, but it never ever does with this method.


95% it won't hit the 20 SL, the 5% is trend change or major news event.


Profit or SL hit in the am, we shall see

Picking up some AU here to, similar but good price so much smaller SL required which is nice.


1/2 sized positiion to!!

All markets where turned at the M15 540 LwMa, it's reading as pushed down on low volume and they've been buying big time for another run.


find out in 4 - 5 hours

Shame bo other positions filled huge pips account +10% over night


This is to damn easy

Wish I'd over slept, be over doubling my profit here LOL

If only I'd of not bothered to check the markets at 8:25 gmt before news with the exit plan, I'd of made some serious $$'s.

Expect no trades for a day or 2 while this move resets and comes back to MA's and low's of the range for safe with trend entries

My GU Long is looking okay ish failure to break and hold 5700 but hey.

EJ long. in a bit of a hole, orders hitting and averaging down, it's got room to turn.


Iphone scared me, said no open positions though all had hit SL!!

All closed as away from pc and profit is profit +9%.

I was risking 15% but my win rate is so high i can get away with it


Shame ej stalled likely both go higher but hey.

Must work on my Exits, coulda made 25% today easy and 30%+ Tuesday after closing out, yeah sometimes my exits are pretty near the top others far from so swings and round abouts but I will admit this is entirely random chance or atleast mainly.

I do find it interesting I'm posting real daily profits, very few losses possibly hit the SL twice, 1 on a instant jump annoyance and got by 1 pip and no interest.


The method is so so so so so simple it's unreal to summarise it.


M15

Trend :-

LwMa 540, longs above shorts below, don't fight the trend.

Range :-

66LwMa
Envelope 66LwMa 0.40%
Envelope 66LwMa 0.70% ( these vary but use this for EU and GU )

1. So Market is above the 540, so up trending look for longs on pull back.
2. Pull back is to the 0.40% Envelope ( use past performance to better see where to start getting in )
3. Don't try to time a bottom, get in if it moves against you have orders in to take advantage of, your with trend odds are it'll turn back up again.

Exits :-

Generally your looking for the upper 0.40% line, if it takes this out the 0.70% line, but profit is profit take it if in doubt, do try to let them run though.

Stops :-

1. Other side of the 540 with some breathing room.
2. If playing the range then other side of the 0.70% envelope.

Keep them loose, more time for the market to turn, as EJ did with me today, 90% of the time the trend will prevail, 10% it'll change direction but most of those it will bounce enough for you to get out with profit.

Set it up and back test it, averaging down is key, no point holding the market down 40pips and not taking advantage of it, your profit potential is higher and your SL cost lower as it goes.

here is my account chart since moving to this method on the 20th November 2011, I think I've traded on 6 days since, might be 7, but look at the consistency and the lack of draw down, +144% in no time.

37 positions and only 4 negative.

20 positions in a row without a loser.

Some Trades might consist of 3 or 4 seperate positions I had 2 EJ $0.2's and 2 GU $0.1's today for instance.

Momu from my M1 thread took to it immediately and has been making good pips since and shown it to a never traded before mate and he's demo trading it but making demo pips on his first day it's that simple.

1. Do you mean pullbacks to the lower 0.40% envelope or to the middle one too?

2. Your entry is when the price touches the envelope?

3. When your SL is below the 540 than your SL is sometimes 100 pips and more ?