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M15 Trading Method (help required!)

  • #481
  • Nov 10, 2011 6:49am Nov 10, 2011 6:49am
Quoting Agro
Keep it up man and don't get too risky. You are undertaking the ultimate disipline tester, small account to an income generating sized account. I could never do it and didn't start having success in forex untill I bit the bullet and sunk a large amount of money into a proper sized account, but you seem to be doing very nicely. Good luck to you mate

Thats going to be tricky sticking to the plan for so long!!

Sadly don't have any spare money to sink in, things are tight here so only option is exponential rapid ish account growth hopefully in time before the work I've got on dries up!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #482
  • Nov 10, 2011 6:58am Nov 10, 2011 6:58am
Quoting Turveyd
Thats going to be tricky sticking to the plan for so long!!

Sadly don't have any spare money to sink in, things are tight here so only option is exponential rapid ish account growth hopefully in time before the work I've got on dries up!!
There are more than one ways to skin a cat. You have been forced to choose one of the trickier methods, but if you can stick to a plan with such small dollars then your trading will be all the better for it.
  • #483
  • Nov 10, 2011 7:03am Nov 10, 2011 7:03am
Quoting Agro
There are more than one ways to skin a cat. You have been forced to choose one of the trickier methods, but if you can stick to a plan with such small dollars then your trading will be all the better for it.

Trickier method's ??? Seems simple to me and a very good rate of return, doesn't get many trades sadly, but on the plus side not many losers.

Got to stick to the plan, just keep repeating might add some new setups later to speed things along, we'll see.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #484
  • Nov 10, 2011 7:41am Nov 10, 2011 7:41am
Quoting Turveyd
Trickier method's ??? Seems simple to me and a very good rate of return, doesn't get many trades sadly, but on the plus side not many losers.

Got to stick to the plan, just keep repeating might add some new setups later to speed things along, we'll see.
Sorry mate, my post wasn't clear. I wasn't talking about your trading style, I was talking about the method you use to build an income generating account (by building a penny account). Much trickier than just shoving your savings in there.
  • #485
  • Nov 10, 2011 7:47am Nov 10, 2011 7:47am
Quoting Agro
Sorry mate, my post wasn't clear. I wasn't talking about your trading style, I was talking about the method you use to build an income generating account (by building a penny account). Much trickier than just shoving your savings in there.

Ahhhh,

The problem with stuffing your savings in there is, most people blow there savings then never return to trading, it's what the big boys want, not small accounts and people that keep going until profitable.

That and my savings are currently in my right pocket

USDCHF, not looking good, news would suggest market would move against me but it generally does the opposite so we'll see.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #486
  • Nov 10, 2011 7:59am Nov 10, 2011 7:59am
Weird slow movement here across the board, would suggest Funds are loading up, retail is selling to them, you'd expect the USDCHF to go down, so watch it go up.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #487
  • Nov 10, 2011 8:29am Nov 10, 2011 8:29am
Leaving this on the table I guess, all USD pairs are staying with there trend so odds are good it'll go my way eventually.

USDCAD had a nice bounce off the 540 so far, I'd of been going long on that if not for commited.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #488
  • Nov 10, 2011 8:33am Nov 10, 2011 8:33am
For any FXCM users, there FXCM Plus web page lets you setup SMS/Text alerts when your Stocks hit certain levels.

Looking good
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #489
  • Nov 10, 2011 10:16am Nov 10, 2011 10:16am
Nice action still holding expect a 2nd run into us close!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #490
  • Nov 10, 2011 10:42am Nov 10, 2011 10:42am
Other pairs performed a lot better there all likely to reverse dragging mine with it so safely safely dictates out +6.5% better than a loss

+12% ish on the week likely thats it for the week to not enough
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #491
  • Nov 10, 2011 10:44am Nov 10, 2011 10:44am
Nice exit .

Not bad on the iphone in the park!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #492
  • Nov 10, 2011 5:53pm Nov 10, 2011 5:53pm
USDCAD 3 - 2 - 1 SL 60 Long over night here.


Stupidly I placed a trade on USDCHF wrongly got to -1pip then turned on me, was hoping to exit at BE stat's wise, -8 here typical.


I like making money while I sleep, losing it well atleast I was sleeping if that happens
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #493
  • Nov 10, 2011 6:44pm Nov 10, 2011 6:44pm
Took a few free pips on USDCHF which is weird never works that way all mistaken trades generally kill me!!

USDCAD doing well find out in the am, would like to get to 30%+ on the week way off that, so here is hoping.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #494
  • Nov 11, 2011 2:16am Nov 11, 2011 2:16am
Usdcad rocks!

Shame i woke up a few hours ago closed itfor $8 then checked the chart and realised it had just turnedup doh!

2 weeks 8 or 9 trades no losers account +70% my method rocks
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #495
  • Nov 11, 2011 4:22am Nov 11, 2011 4:22am
Quoting Turveyd
The 66 is the same but these use different numbers to 0.4% 0.7%


AUDUSD is using 0.6% 1.0%
EurJpy 0.5% 0.8%
NZDUSD 0.7% 1.20%


Don't forget MUST trade with the 540lwMa or the 1300ema ( AUDUSD 540Lwma, 750ema, NZDUSD 540, 900ema )

Breaking this rule, puts you into a world of losses!!
Hi Turveyed

Read your trading journal, like your trading style.

I to watch my trades through Team Veiwer when at work, I use a Samsung Galaxy S2, very nice quick phone and big screen, but sometimes I do loose connection with computer at home, can be scary, so I always have a stop loss in place.

If its not to much trouble for you, could you please post your individual templates that you are using for each currency you trade so that I have exactly the same ma setups for the different currencies your trading, I am getting a little confused and would like a starting point. From there I will be able to quickley visually backtest to see how it all works.

P.S - Sorry for the large ammount of waffling. The Missus says I waffle in my texting as well.

Pete.
“A setback is a setup for a comeback.”
  • #496
  • Nov 11, 2011 5:11am Nov 11, 2011 5:11am
Quoting marshy
Hi Turveyed

Read your trading journal, like your trading style.

I to watch my trades through Team Veiwer when at work, I use a Samsung Galaxy S2, very nice quick phone and big screen, but sometimes I do loose connection with computer at home, can be scary, so I always have a stop loss in place.

If its not to much trouble for you, could you please post your individual templates that you are using for each currency you trade so that I have exactly the same ma setups for the different currencies your trading, I am getting a little confused and would...
AS WELL ? WHAT ?? ARRGGHHHH!!!
















Nah only kidding, why not hey, busy at the moment I'll up them all over the weekend / tonight for you.

I've moved to TradeInterceptor on the Iphone very good charting package loads easier to follow, dunno if they have an andriod app though ??, then fxcm have an app so easier to close although slight cost involved.

Method works, you do need to know the market reversal times, no point jumping on a down move to reverse it, 30mins into a new session cause it will likely keep going all session for instance, but 30mins before a new session it pretty much always reverses.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #497
  • Nov 11, 2011 2:24pm Nov 11, 2011 2:24pm
Gladi wasnt around for that last move had various anniying fxcm texts mid meeting though lol.


+17% must do better next week
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #498
  • Nov 11, 2011 5:05pm Nov 11, 2011 5:05pm
Need to increase my aggressiveness so based on the trades I've made so far....


1. Nothing has gotten to -40 let alone -75, dropping SL to 60 on this basis, if it goes wrong 60 will do.

2. out of 8 trades, 6 have hit the 2nd position, +$59.70 from 2nd, $65.06 from first position.

So current 3 - 2 - 1 SL 75 has max cost of 350pips ( $35 )
A 3 - 3 - 2 SL 60 has a max cost of 340pips ( $34 )

So 3 - 3 - 2 has a 50% better 2nd position profit so $30 better off here.

Then a few trades in and richer / more confident I'll move to a .....

4 - 4 - 2 SL 60, max loss 440 ( $44 ) profit increase on recent trades woulda been +$59.70 2nd and $19.51 so call it $79.

Still no losers with the SL at 60, so $44 risk not a huge issue here.

Expotential account growth needed, or why bother!!

Good weekends all, I have a new MM plan
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #499
  • Nov 11, 2011 6:07pm Nov 11, 2011 6:07pm
Quoting Turveyd
AS WELL ? WHAT ?? ARRGGHHHH!!!
















Nah only kidding, why not hey, busy at the moment I'll up them all over the weekend / tonight for you.
Cheers Turveyd

looking forward to the update on the templates and thanks for the info on Trade Interceptor.

“A setback is a setup for a comeback.”
  • #500
  • Nov 11, 2011 6:44pm Nov 11, 2011 6:44pm
Quoting marshy
Cheers Turveyd

looking forward to the update on the templates and thanks for the info on Trade Interceptor.


Knackered, will get on it tomorrow am for you!!

Anytime!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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