Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
M15 Trading Method (help required!)
- #503
- Nov 12, 2011 2:57pm Nov 12, 2011 2:57pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Read back and try to make sense of some of my thought processes without going crazy 
Drop any notion of prediction, don't try to accurately enter pip perfect.
Trade of 2 things same time..........
1. Trend, either the 540 or 1300, so if market is going up but pulls back to 540 then go long near it.
2. Range, if the market is also at the bottom of it's range, then good odds it will atleast have a bounce.
put both of above together and it's cheating, with some averaging down to take advantage of any further weakness.
Drop any notion of prediction, don't try to accurately enter pip perfect.
Trade of 2 things same time..........
1. Trend, either the 540 or 1300, so if market is going up but pulls back to 540 then go long near it.
2. Range, if the market is also at the bottom of it's range, then good odds it will atleast have a bounce.
put both of above together and it's cheating, with some averaging down to take advantage of any further weakness.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #504
- Nov 12, 2011 6:01pm Nov 12, 2011 6:01pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #505
- Nov 13, 2011 10:57am Nov 13, 2011 10:57am
Simplifying enter lot sizes, the difference is minimal and it's easier to scale up.
So USD pairs 3 - 3 - 3 SL 60, JPY or other pairs 2 - 2 - 2.
Simple!!
I started off with 1 - 2 - 3 remember, then 3 - 2 - 1 better, but 3 - 3 - 3 much easier.
Scale upto 4 - 4 - 4 >$400 in the account I think!!
Desperately hoping to get sometime to myself to study the method and templates this coming week, in between work and other commitments.
Respect.
“A setback is a setup for a comeback.”
- #506
- Nov 13, 2011 11:01am Nov 13, 2011 11:01am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Thanks for the info again mate, its been a busy weekened here in Derbyshire with family commitments.
Desperately hoping to get sometime to myself to study the method and templates this coming week, in between work and other commitments.
Respect.
Yep life gets in the way for sure, but hey got to make do with what time you've got.
That's why I like this method, it's quite hands off.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #507
- Nov 13, 2011 11:21am Nov 13, 2011 11:21am
Derbyshire just up the road from me, should be in the peaks next weekend MTBing!!
Yep life gets in the way for sure, but hey got to make do with what time you've got.
That's why I like this method, it's quite hands off.
My kid, he's 15 years old, 6 foot 5" built like a brick sh*t house, hurts when he taps me! but I dont let him know that, loves mountain biking, he takes me out occasionally although I can't keep up with him, has asked for a better bike for Christmas.
“A setback is a setup for a comeback.”
- #508
- Nov 13, 2011 11:44am Nov 13, 2011 11:44am
Hey Turveyed,
I think I read somewhere in you thread about the clocks going back / forward and what a pain in the neck it was keeping up to date with the various market opening times, I dont know if this is any use to you but if you set our time on the Forex Factory clock then go to their Market page
http://www.forexfactory.com/market.php
This should be in keeping with our local time.
I think I read somewhere in you thread about the clocks going back / forward and what a pain in the neck it was keeping up to date with the various market opening times, I dont know if this is any use to you but if you set our time on the Forex Factory clock then go to their Market page
http://www.forexfactory.com/market.php
This should be in keeping with our local time.
“A setback is a setup for a comeback.”
- #509
- Nov 13, 2011 2:42pm Nov 13, 2011 2:42pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Hey Turveyed,
I think I read somewhere in you thread about the clocks going back / isforward and what a pain in the neck it was keeping up to date with the various market opening times, I dont know if this is any use to you but if you set our time on the Forex Factory clock then go to their Market page
http://www.forexfactory.com/market.php
This should be in keeping with our local time.
USA moved to winter time with us so it's all okay, times I trade by.
GMT Markets generally run between these times, so don't expect direction change till the next slot.
8:30am - 12:00pm GU / EU's trend.
12:00pm - 1:30pm market slow and sideways
1:30pm to 2:30pm, USA Pre open news time expect chop.
2:30pm to 17:00pm US's main move trendy.
17:00 - 18:30 US lunch break slow.
18:30 - 21:00 US 2nd move also trend.
Basically look weakness at the slow periods compared to previous direction then trade the reverse, if there is no weakness then expect that direction to hold over the next trend session.
The market was easier and trendier a few weeks ago, loads of 540 reversals, to EU news / bankruptcy big swings currently and flat inbetween making it tricky, but still good trades to pick with caution.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #510
- Nov 13, 2011 2:45pm Nov 13, 2011 2:45pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Also fast scarey looking fake outs show up well to, first 15mins of a session, they hit all the SL's, get the newbies jumping on that direction then reverse it hard.
The scarier they look, the better they work
The scarier they look, the better they work
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #511
- Nov 13, 2011 3:56pm Nov 13, 2011 3:56pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Yeah, this is a good area for MTBing - Goyt Valley area near Buxton.
My kid, he's 15 years old, 6 foot 5" built like a brick sh*t house, hurts when he taps me! but I dont let him know that, loves mountain biking, he takes me out occasionally although I can't keep up with him, has asked for a better bike for Christmas.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #512
- Nov 13, 2011 4:18pm Nov 13, 2011 4:18pm
loads of good 26ers going 2nd hand, picked up a barely used Whyte E5 for £650, £2800 new price as people are trading up to barely use 29ers :0
“A setback is a setup for a comeback.”
- #513
- Nov 14, 2011 9:29am Nov 14, 2011 9:29am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #514
- Nov 14, 2011 10:00am Nov 14, 2011 10:00am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
###jpy pairs are long term up trending so safe for longs on pull backs to the line.
And same for USDCHF.
USD / Eur related pairs are kinda random at the moment, so best to look elsewhere with my setup sadly.
Role on meaningful direction, not reacting to new bad news out badly
And same for USDCHF.
USD / Eur related pairs are kinda random at the moment, so best to look elsewhere with my setup sadly.
Role on meaningful direction, not reacting to new bad news out badly
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #515
- Nov 14, 2011 4:12pm Nov 14, 2011 4:12pm
###jpy pairs are long term up trending so safe for longs on pull backs to the line.
And same for USDCHF.
USD / Eur related pairs are kinda random at the moment, so best to look elsewhere with my setup sadly.
Role on meaningful direction, not reacting to new bad news out badly
Have been watching and studying the charts with your templates at work on the mobile today, work is very busy at the moment, gets in the way of my trading.
I think
I See what you mean about todays vague and weak set-ups. Iv'e started reading back through the thread and trying to make sense of your thought procceses etc. as you suggested.
Just for clarity if you could occasionally post some of your trades with a chart marked with your entry it would be rearlly appreciated.
“A setback is a setup for a comeback.”
- #516
- Nov 14, 2011 5:21pm Nov 14, 2011 5:21pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Hi Turveyd
Have been watching and studying the charts with your templates at work on the mobile today, work is very busy at the moment, gets in the way of my trading.
I think
Iv'e started reading back through the thread and trying to make sense of your thought procceses etc. as you suggested.
Just for clarity if you could occasionally post some of your trades with a chart marked with your entry it would be rearlly appreciated.
Got back 2 months maybe, market would keep pulling back to 540 and reversing again and again and again without fail, bring back those times again.
EJ GJ, are the best bets currently.
USDCHF reversed well off the 1300ema.
GBPNZD, not so bad aswell, uptrend not as clean as USDCHF.
Avoid GU, EU and AU till they settle down.
Quickly back test a chart ( last 2 - 3 days is enough ) , ask yourself is the method currently working on this pair, if NO then look elsewhere and wait for it to get back into the groove.
Remember, fast pulls back will likely reverse as there low volume, slow drifts down won't like on todays action will keep going don't try to reverse them!!
Simple!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #517
- Nov 14, 2011 5:26pm Nov 14, 2011 5:26pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #518
- Nov 14, 2011 11:01pm Nov 14, 2011 11:01pm
in short, if you don't think it's a stupid trade and your boned then it's setup to look good to suck in retail and it'll fail.
Which is why I used to fail so much as do all retail that paint us the opposite picture use pyschology and make us trade badly and if it helps there very very good at what they do.
“A setback is a setup for a comeback.”
- #519
- Nov 15, 2011 6:11am Nov 15, 2011 6:11am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Cheers mate, appreciate the info.
See the GU's fast down, instant back up, that is what I'm aiming for.
EJ's up spike over night to.
Yep enter on stop flushes
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #520
- Nov 15, 2011 7:59am Nov 15, 2011 7:59am
See the GU's fast down, instant back up, that is what I'm aiming for.
EJ's up spike over night to.
Yep enter on stop flushes
Yeah, I see where your coming from, they look right to trade - especially the EJ, price hitting the upper envelope of the 66 stop loss on the other side of the 540 looks good and a safe bet, and then back down again continuing the trend, nice.
I do realize that the template you posted are not for the EJ trades.
“A setback is a setup for a comeback.”