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M15 Trading Method (help required!)

  • #381
  • Oct 24, 2011 6:19am Oct 24, 2011 6:19am
EURJPY at the low 0.4%, sitting over 1300ema gone long here, $0.01, same basic spread as above, SL 85.


Reversed 5 times from this area over the last week with no fails, which doesn't mean it won't fail this time but stat's wise over all it's like taking candy from a baby.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #382
  • Oct 24, 2011 6:24am Oct 24, 2011 6:24am
EJ 5 reversals, will it get 6 ??
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 5 reverses will it get 6.jpg Size: 380 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #383
  • Oct 24, 2011 6:47am Oct 24, 2011 6:47am
USDCHF Short here also, stronger downtrend on this sucker, more orders to let it run to 0.8910.


That will do so we wait and wait and hope the trend does its thing.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #384
  • Oct 24, 2011 7:04am Oct 24, 2011 7:04am
It's interesting how I always regret going in 1/2 at first and more interesting how I always regret going in hard like last week which lost!!

I'd like further weakness when i get in to snap up more positions with a tighter SL but hey any profit is good profit.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #385
  • Oct 24, 2011 8:14am Oct 24, 2011 8:14am
Waiting for Price to into lower envelope 66 band for a buy
Pivot Boss in the making~
  • #386
  • Oct 24, 2011 8:18am Oct 24, 2011 8:18am
Quoting jurn_e
Waiting for Price to into lower envelope 66 band for a buy
Or just near, depending on recent history of that pair, don't strive for perfect it's simply not possible.


Still holding all positions and all orders in, should likely bail on EJ and take small profit as it failed to break 540 but we'll see, give her time.


No hurry!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #387
  • Oct 24, 2011 8:27am Oct 24, 2011 8:27am
First day trying to use 66 envelope, lovin' it already. Thanks

With Euro weakness atm, i will wait for candle confirmation before going long in the lower enevelope. I will first wait for a bullish candle to form and close above previous candle's body. If i go long, stoploss would be below the 0.70% lower envelope.



Example

http://screencast.com/t/5qHIfBG2DT4v
Pivot Boss in the making~
  • #388
  • Oct 24, 2011 8:30am Oct 24, 2011 8:30am
Hoping, I pick up some more positions on this pull back then it runs.


But in the mean time DOH!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #389
  • Oct 24, 2011 8:34am Oct 24, 2011 8:34am
Quoting jurn_e
First day trying to use 66 envelope, lovin' it already. Thanks

With Euro weakness atm, i will wait for candle confirmation before going long in the lower enevelope. I will first wait for a bullish candle to form and close above previous candle's body. If i go long, stoploss would be below the 0.70% lower envelope.



Example

http://screencast.com/t/5qHIfBG2DT4v

Yep, remember only takes trades with the trend, so EU Longs only as it's above the 540.

EJ I'm using the slower trend, but should of bailed on failing to take out the 540, so shorter trend is still down.

Odds are with trend it will turn, but we have zero idea where so on further weakness buy more, same SL, more profit potential and loser SL risk it's rude not to.


Then patience is key, 90% of the time the trend will hold.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #390
  • Oct 24, 2011 8:48am Oct 24, 2011 8:48am
It's all going the right way again, remain calm


Taking small profits is habit forming then you never get the big profits, then the big losses wipe out 10 small profits and you don't get anywhere.


Trading, it's fun!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #391
  • Oct 24, 2011 9:23am Oct 24, 2011 9:23am
All going the right way again +102 pips in total.

EJ needs to take out the 540 or it's downtrend risk and exit, GU is kicking butt, USDCHF doing nicely to.


Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #392
  • Oct 24, 2011 9:25am Oct 24, 2011 9:25am
good pips there~
Pivot Boss in the making~
  • #393
  • Oct 24, 2011 9:31am Oct 24, 2011 9:31am
Quoting jurn_e
good pips there~

The $$$ value of it is kinda low, especially as I only went 1/2 in, +6% here on the day.


Holding for more, 10% would do.


All open orders closed incase I forget later
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #394
  • Oct 24, 2011 9:33am Oct 24, 2011 9:33am
Likely regret later but out +120 pips.


Role on trading at $5 per pip
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #395
  • Oct 24, 2011 9:43am Oct 24, 2011 9:43am
here is my live account performance since 20 September so just over a month, haven't had time to trade every day and that down blip was just 1 stupid batch of trades and forever averaging down but hey, normallity is back.


+145% not so shabby for a simple system.


Attached Image (click to enlarge)
Click to Enlarge Name: 24th live account performance.jpg Size: 79 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #396
  • Oct 24, 2011 10:27am Oct 24, 2011 10:27am
Regret's I've got to stop doing that


Took +6%, I'd be 10%+ here
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #397
  • Oct 24, 2011 10:30am Oct 24, 2011 10:30am
Quoting Turveyd
Regret's I've got to stop doing that


Took +6%, I'd be 10%+ here
Still, you know your on the right track.
  • #398
  • Oct 24, 2011 10:35am Oct 24, 2011 10:35am
Quoting AlexC
Still, you know your on the right track.

Last Monday + a few $$'s made up for back to trading at $0.2 I guess
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #399
  • Oct 24, 2011 10:41am Oct 24, 2011 10:41am
Price didnt go down to the lower envelope for me to long. So i took a long after 15min candle closed above 21ema.

TP at the upper envelope.

Done for the day.

Will test it again tomorrow.


http://screencast.com/t/Oo2EuECUbTP
Pivot Boss in the making~
  • #400
  • Oct 24, 2011 10:44am Oct 24, 2011 10:44am
Quoting jurn_e
Price didnt go down to the lower envelope for me to long. So i took a long after 15min candle closed above 21ema.

TP at the upper envelope.

Done for the day.

Will test it again tomorrow.


http://screencast.com/t/Oo2EuECUbTP

It won't work well if your just trading 1 pair I'm trading :-


EurUsd GBPUSD AUDUSD EURJPY GBPYJPY USDCAD NZDUSD USDCHF!!

Better chance of getting a good setup with more pairs ofcourse.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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