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On My Way To The Top

  • #1,101
  • Edited 5:56am Nov 15, 2011 5:46am | Edited 5:56am
an additional short taken on aud usd...this was meant to be a very quick trade closed for 2%---really shouldn't have taken this trade but was fortunate it still worked out...as entries with everything oversold is really not my style but saw four hour going down 15 and 30 in oversold but still heading down so figured I might try and sell until the 5 minute stochastic turns up in oversold which will than be my exit point...and first vertical line is the entry taken last night mentioned in previous post...
Attached Image (click to enlarge)
Click to Enlarge Name: aud short quick scalp.gif Size: 52 KB
No man is free who is not a master of himself. -P.M.-
  • #1,102
  • Nov 15, 2011 5:15pm Nov 15, 2011 5:15pm
I think Ati has a nice Signature which says a lot and puts things into perspective.

PS: pmullin86 do you still plan to go full-time by January?





My plan of action is still in order....
No man is free who is not a master of himself. -P.M.-
  • #1,103
  • Nov 15, 2011 10:40pm Nov 15, 2011 10:40pm
here is the run down of an entry that I missed while caught in traffic on my way home this evening clearly from the pic it ran about 10%....of all the movement this evening this was the only that I would've taken although all the majors worked out pretty nicely....
Attached Image (click to enlarge)
Click to Enlarge Name: e.gif Size: 56 KB
No man is free who is not a master of himself. -P.M.-
  • #1,104
  • Nov 16, 2011 3:21am Nov 16, 2011 3:21am
k-kay here is the 1 hour trend line that I drew....
Attached Image (click to enlarge)
Click to Enlarge Name: 60 trend line.gif Size: 58 KB
No man is free who is not a master of himself. -P.M.-
  • #1,105
  • Nov 16, 2011 11:25am Nov 16, 2011 11:25am
Took a sell on nzd usd and lost 2%....my only trade for today
No man is free who is not a master of himself. -P.M.-
  • #1,106
  • Nov 16, 2011 1:31pm Nov 16, 2011 1:31pm
Quoting pmullin86
here is the run down of an entry that I missed while caught in traffic on my way home this evening clearly from the pic it ran about 10%....of all the movement this evening this was the only that I would've taken although all the majors worked out pretty nicely....
HAd a very busy day so I just popped in: question:
STO H1 ( I guess is the red one) was that not also below Oversold 20?

I thought you disregard such situations? Maybe I'm wrong...


Also nice: as I signed up for the same broker I can check your trades a bit better if I would have the time too.
__Thanks__ MJ
  • #1,107
  • Nov 16, 2011 1:32pm Nov 16, 2011 1:32pm
Quoting pmullin86
I think Ati has a nice Signature which says a lot and puts things into perspective.

PS: pmullin86 do you still plan to go full-time by January?

My plan of action is still in order....
Good to hear that - hope for you all keeps going as planned.
__Thanks__ MJ
  • #1,108
  • Nov 16, 2011 1:46pm Nov 16, 2011 1:46pm
Quoting M_j
HAd a very busy day so I just popped in: question:
STO H1 ( I guess is the red one) was that not also below Oversold 20?

I thought you disregard such situations? Maybe I'm wrong...


Also nice: as I signed up for the same broker I can check your trades a bit better if I would have the time too.
For the hour oversold but still heading down situation thats where the rule for there must be hidden divergence with price hitting a trendline from the 1 hour...so it was a valid set up with that in mind...
No man is free who is not a master of himself. -P.M.-
  • #1,109
  • Nov 16, 2011 2:50pm Nov 16, 2011 2:50pm
Quoting M_j

 ..
I think Ati has a nice Signature which says a lot and puts things into perspective.

Thanks.

I've looked at some of the indicators code you mailed to me. It will take some time till I get back to you. (BTW: I'm also a European descendant)

Cheers
Ati
Money is important, Love is essential.
  • #1,110
  • Nov 17, 2011 12:16pm Nov 17, 2011 12:16pm
nzd sell
Attached Image (click to enlarge)
Click to Enlarge Name: nzd loss.gif Size: 46 KB
No man is free who is not a master of himself. -P.M.-
  • #1,111
  • Nov 17, 2011 12:19pm Nov 17, 2011 12:19pm
Took a sell on the nzd usd for 2% and a sell closed out recently for 4% on aud usd...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzd 2%.gif Size: 40 KB
Click to Enlarge Name: aud 4%.gif Size: 41 KB
No man is free who is not a master of himself. -P.M.-
  • #1,112
  • Nov 17, 2011 1:29pm Nov 17, 2011 1:29pm
buy on usdcad closed out for break even
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 49 KB
No man is free who is not a master of himself. -P.M.-
  • #1,113
  • Nov 18, 2011 8:24am Nov 18, 2011 8:24am
took 3 trades today...all closed out since must exit target level has been met...and its Friday so I believe I am done for the day...I didn't make 30 percent this week but profits are good either way....
No man is free who is not a master of himself. -P.M.-
  • #1,114
  • Nov 18, 2011 9:55am Nov 18, 2011 9:55am
eu buy R:R 1:2.4 (4.8%)
gu buy R:R 1:1.4 (2.8%)
uc sell R:R 1:2.2 (4.4%)

for a total of 12% today...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu15.gif Size: 43 KB
Click to Enlarge Name: gu15.gif Size: 41 KB
Click to Enlarge Name: uchf 15.gif Size: 43 KB
No man is free who is not a master of himself. -P.M.-
  • #1,115
  • Nov 18, 2011 10:12am Nov 18, 2011 10:12am
long term trial currently up about 1150+ pips...
Attached Image (click to enlarge)
Click to Enlarge Name: long.GIF Size: 62 KB
No man is free who is not a master of himself. -P.M.-
  • #1,116
  • Nov 18, 2011 12:05pm Nov 18, 2011 12:05pm
Quoting pmullin86
eu buy R:R 1:2.4 (4.8%)
gu buy R:R 1:1.4 (2.8%)
uc sell R:R 1:2.2 (4.4%)

for a total of 12% today...
Congratulation to your successful day.
(So you put 6% of your account at the same time for very similar trades on the table)




How come you get 2.8% 4.4%, 4.8 % if you move your SL always when R:R is 2,4,6 etc.. ?

Did you close it manually or did you just move the SL not exactly?
__Thanks__ MJ
  • #1,117
  • Nov 18, 2011 12:08pm Nov 18, 2011 12:08pm
Quoting pmullin86
long term trial currently up about 1150+ pips...

What's the idea behind - similar trading approach Ma, STO etc.. or something different.
__Thanks__ MJ
  • #1,118
  • Nov 18, 2011 12:20pm Nov 18, 2011 12:20pm
Quoting M_j
Congratulation to your successful day.
(So you put 6% of your account at the same time for very similar trades on the table)




How come you get 2.8% 4.4%, 4.8 % if you move your SL always when R:R is 2,4,6 etc.. ?

Did you close it manually or did you just move the SL not exactly?

I closed it out manually at the 4 hour 50 ema so thats why its not an even percentage...and yes I did because although the set ups are similar it may work for one and not the other and if traded correctly I'm confident in the strategy enough that the winning percentage is high enough for me to do such things without changing the risk now I would change the risk level if I was long on the 15 minute and than got another signal on the 5 minute as than I would enter on the 5 minute with 1% risk....
No man is free who is not a master of himself. -P.M.-
  • #1,119
  • Nov 18, 2011 12:28pm Nov 18, 2011 12:28pm
Quoting M_j
What's the idea behind - similar trading approach Ma, STO etc.. or something different.
pretty much the same approach but just kept the trades open and let them run...I figured now is a better time than any to begin this because I still really want to have a seperate account for long term trades but need to see how they work with the moving averages as a guide...but don't have a full grip on when a must exit point is reached... but ultimately I would like an account for high risk, standard account, and long term account...all being traded with the same approach just different trade and money management approaches for each...just so one account may offset any of the others if one has a bad month or something....so lets say my intraday trading account is down for a month or not getting many trades but for the month I'm in profits for long term account by x percent than that would help offset the losses and keep me at break even or something like that....just an idea but either way I would like to get a grasp on trading longer term...
No man is free who is not a master of himself. -P.M.-
  • #1,120
  • Nov 18, 2011 12:46pm Nov 18, 2011 12:46pm
Do I see it correctly that you don't trail the long term trades and have not even set an emergency to BE?
So you just let them loose

I that is the case I would still advice you to put at least an emergency SL - I mean it would be a real shame to loose 1150+ pips and end negatively.

Anyway personally I don't bother

In the beginning did you plan already to let them run or did you enter them normally and later decided to give it a try?
__Thanks__ MJ
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