Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
M15 Trading Method (help required!)
- #522
- Nov 15, 2011 9:18am Nov 15, 2011 9:18am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #523
- Nov 15, 2011 1:40pm Nov 15, 2011 1:40pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
2nd day in and nothing, not looking promising to make my 30%+ this week but shall make up for it when the setups are working better 
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #525
- Nov 15, 2011 3:58pm Nov 15, 2011 3:58pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Why did you stop using the system that was leaked to you by a pro trader?
This is still based in part on that.
Role in market conditions returning to normal can live with a few days no trades better than losses.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #526
- Nov 15, 2011 4:52pm Nov 15, 2011 4:52pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
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.
I almost moved to no SL as the market 98% of the time will get you back out at BE, but that 2% is a bitch so switched to a high loss value wise but likely to only be hit 5% of the time, which is more sustainable.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #527
- Nov 15, 2011 5:44pm Nov 15, 2011 5:44pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #528
- Nov 15, 2011 6:27pm Nov 15, 2011 6:27pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Gold, XAU_USD That's gold right ??
250pip move today, I nearly took it this am to
It's a BIG pip mover, so I'm going to trade a 2 - 2, SL 100 2nd position at -50, so max $30 loss, standard for me.
Template attached, Marshy!!
REAL shame I can't trade Oil with my current account, check out that chart perfection today
250pip move today, I nearly took it this am to
It's a BIG pip mover, so I'm going to trade a 2 - 2, SL 100 2nd position at -50, so max $30 loss, standard for me.
Template attached, Marshy!!
REAL shame I can't trade Oil with my current account, check out that chart perfection today
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #529
- Nov 15, 2011 7:27pm Nov 15, 2011 7:27pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Tempting to leave a Gold order set over night, just incase it pulls back.
Thinking 1770.0 x 2 and 1765.0 x 2 SL 1760.0
Gets the SL sub 1300, Uptrend is in for sure, risky to go long here though.
1300 has a 60% chance of holding, 100pip spikes under it then straight back over are the norm, which lowers the odds sadly.
Doing it, tis a good plan
Thinking 1770.0 x 2 and 1765.0 x 2 SL 1760.0
Gets the SL sub 1300, Uptrend is in for sure, risky to go long here though.
1300 has a 60% chance of holding, 100pip spikes under it then straight back over are the norm, which lowers the odds sadly.
Doing it, tis a good plan
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #530
- Nov 15, 2011 7:32pm Nov 15, 2011 7:32pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
I've just realised, know I've moved to SL's this far out, it puts trailing back on the table, hmmmm.
Tricky as I have different positions, but it would still reduce the cost if I'm away worst case, I'd just have to log on and sync the SL's if a 2nd or 3rd position hits.
trailing this on the Gold trade
Tricky as I have different positions, but it would still reduce the cost if I'm away worst case, I'd just have to log on and sync the SL's if a 2nd or 3rd position hits.
trailing this on the Gold trade
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #531
- Nov 15, 2011 7:35pm Nov 15, 2011 7:35pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #532
- Nov 15, 2011 7:45pm Nov 15, 2011 7:45pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Risk to reward on my trade max realistically possible.
Single position hits, market goes back to todays highs so 150pips = $30.
Both positions hit, market goes back to todays highs so 150 + 200 = $70.
Risk $30, sounds pretty good to me
Could run 100pips more, so $50 and if hit $60 so $110, that would make my week and hit my target %.
* might have to run a 150sl, 2 - 2 - 2, max loss $60 though, uggg!!
Single position hits, market goes back to todays highs so 150pips = $30.
Both positions hit, market goes back to todays highs so 150 + 200 = $70.
Risk $30, sounds pretty good to me
Could run 100pips more, so $50 and if hit $60 so $110, that would make my week and hit my target %.
* might have to run a 150sl, 2 - 2 - 2, max loss $60 though, uggg!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #533
- Nov 15, 2011 7:49pm Nov 15, 2011 7:49pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Didn't think it would drop that far and it's already 1/2 way there.
GOLD is EVIL fast
GOLD is EVIL fast
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #534
- Nov 15, 2011 7:52pm Nov 15, 2011 7:52pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #535
- Nov 15, 2011 8:25pm Nov 15, 2011 8:25pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #536
- Nov 16, 2011 3:55am Nov 16, 2011 3:55am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Wish id of left the numbers the same 1 position filled just closed out +5% stuck under the 540 all markets stalling from pull backs.
5% while i sleep love it.
And 10 profits and zero losers account nearing $400 level
5% while i sleep love it.
And 10 profits and zero losers account nearing $400 level
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #537
- Nov 16, 2011 4:14am Nov 16, 2011 4:14am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #538
- Nov 16, 2011 4:49am Nov 16, 2011 4:49am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Drats gold went tad higher near the envelope then pulled back it had a spike against.
Then got stuck in the phone and missed my eu short entry
Then got stuck in the phone and missed my eu short entry
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #539
- Nov 16, 2011 7:21am Nov 16, 2011 7:21am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #540
- Nov 16, 2011 9:09am Nov 16, 2011 9:09am
Marshy, when the markets got direction, my system works best / great AUDUSD pulled upto 0.4% envelope and 540 then reversed.
EU didn't get near the 540, but it hasn't got it, play the range with the trend, you get a lot more setups this way.
GBPNZD is a great setup there to was worth 150pips wowsa.
GU's barely moved interestingly.
Most pairs trade the same, so know being a gold trade ( 1 it counts ) should nearly double my amount of possible trades.
But I do when richer, need to setup a full FXCM account that lets me trade oil, cause...
Yeah AUDUSD - offered an excellent opportunity to make some green pips. Whished I had traded that.....and with additional confluence, it just poked its nose through the daily Pivot an reversed rapidly.
GBPNZD again also a great set-up many pips to be made.
Like the method, very good if you keep it nice an simple.
Cheers Turveyd nice examples to study.
Marshy.
“A setback is a setup for a comeback.”