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M15 Trading Method (help required!)

  • #561
  • Nov 19, 2011 11:10am Nov 19, 2011 11:10am
Quoting Turveyd
Pivot points are statisically pointless they will coincidentally work after the fact so people like to believe in it delete and move away IMHO

Even trying to make miney off S/R is practically impossible in the long run.

Look around everyone is using above and nobody is making money off it.

Tried all of above for years waste of time so hate it all woth candlestick patterns and all the rest of it.
Okay mate no problem, I'll remove them from the charts, I don't like clutter and its one less thing to worry about.

I beleive less is always more anyway.
“A setback is a setup for a comeback.”
  • #562
  • Nov 19, 2011 11:40am Nov 19, 2011 11:40am
Quoting marshy
Okay mate no problem, I'll remove them from the charts, I don't like clutter and its one less thing to worry about.

I beleive less is always more anyway.
Good hate hate hate anything that doesnt actually do anything


Hope for more time to find entries this week but expect failure
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #563
  • Nov 19, 2011 5:38pm Nov 19, 2011 5:38pm
Marshy, are you seeing my enter when the trade looks stupid and they all work out fine yet ?? and ofcourse dead certs all fail again and again.

Pivots,Fib's R/S , basically if you draw enough random lines onto a chart, sure some will kinda fit that's just basic coincidence, then the issue is, if you short under 1 then it goes over what do you do ?? exit take the loss + spread which was just a random blip and 10mins later you'd likely be in profit anyway ( if you've traded with the trend ), this causes death by a 1000nd cuts.

My little method, is a bit of a cheat a stastical edge quite a large 1, your basically just getting in a fairly long term trend 5.625 days and 13.5 days at and advantageous price via a general not in any way perfect range.

Buy and Sell programs seem to load up / unload to support those to MA's to.

Not talking EA's here, big traders don't use EA ( other than the nano traders ), but they can't instantly buy 20,000 full lots without moving the market, so they setup software that trickle buy based on certain rules, enough of the programs are currently using something very similar to my ma's that's about it really.

Keep the faith, REPEAT, don't get bored, REPEAT, increase lot sizes, REPEAT and with some luck retire a very rich man, or atleast have a better life style

Repeating is a pain, I've beat it, someone buy me out for 20mil and I'll promise never to trade again, or teach others, that'll cost you much more than 20mil
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #564
  • Nov 19, 2011 5:45pm Nov 19, 2011 5:45pm
Range part better explained :-


If you short at the upper range ( with trend ) odds are it'll get back to middle before the middle is higher, if it runs a tad more not a worry you add more positions via the rules, hopefully it'll get back to the other side, it very seldom with some trade selection gets to 60sl or near with this setup, think I've seen -40 on usdchf the other day, but only ever -30 before that.

It works counter trend to, but the energy isn't on your side, it triples the chances of the market continuing to move the 60sl to stop you out, which still gives you a 85 - 90% win rate, but also likely reduced profits on average and more stress.

I do plan to start taking some quicker counter trend trades as well I need the money, 85% win rate is still better than anyone else is claiming around here, but I hate losing.

Wish I had enough $$$'s in the account to go full time cause I would, in a heart beat
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #565
  • Nov 19, 2011 5:46pm Nov 19, 2011 5:46pm
Marshy, I see your another night owl
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #566
  • Nov 19, 2011 5:51pm Nov 19, 2011 5:51pm
Quoting Turveyd
Marshy, I see your another night owl
Yeah can't sleep.

Just got back from pictures, Good film in 3 D - Immortals.
“A setback is a setup for a comeback.”
  • #567
  • Nov 19, 2011 5:58pm Nov 19, 2011 5:58pm
Quoting marshy
Yeah can't sleep.

Just got back from pictures, Good film in 3 D - Immortals.
don't like 3D but might take a girlie to see that next week then, I'll ask her.

Waiting for mission impossible though really ( I call it Bond, cause new Bond isn't Bond )


Must sleep laters!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #568
  • Edited 6:25pm Nov 19, 2011 6:05pm | Edited 6:25pm
Quoting Turveyd
Marshy, are you seeing my enter when the trade looks stupid and they all work out fine yet ?? and ofcourse dead certs all fail again and again.

Pivots,Fib's R/S , basically if you draw enough random lines onto a chart, sure some will kinda fit that's just basic coincidence, then the issue is, if you short under 1 then it goes over what do you do ?? exit take the loss + spread which was just a random blip and 10mins later you'd likely be in profit anyway ( if you've traded with the trend ), this causes death by a 1000nd cuts.

My little method,...
Like your attitude, a man after my own heart, similar to my way of thinking, I can't / will not stop until I make it.

I have tried many methods, but this seems to fit along with my style of trading mostly, I tried trading longer time frames, but always end up back to trading short term scalps.

I seem to have got past the stage of loosing money now, but building up the account is still taking to long. I need to become more agressive.
“A setback is a setup for a comeback.”
  • #569
  • Nov 19, 2011 6:15pm Nov 19, 2011 6:15pm
Quoting Turveyd
Range part better explained :-


If you short at the upper range ( with trend ) odds are it'll get back to middle before the middle is higher, if it runs a tad more not a worry you add more positions via the rules, hopefully it'll get back to the other side, it very seldom with some trade selection gets to 60sl or near with this setup, think I've seen -40 on usdchf the other day, but only ever -30 before that.

It works counter trend to, but the energy isn't on your side, it triples the chances of the market continuing to move the 60sl to...
Hey there Turveyd, thanks for the heads up on this. I'm like a sponge soaking it all up.

I'm going to need a bigger sponge though I think, very soon.
“A setback is a setup for a comeback.”
  • #570
  • Nov 20, 2011 3:47am Nov 20, 2011 3:47am
I like to spell the theory out incase i forget

Both on the same issue aggressive account growth needed.

Used to trade m1 trying to trade those intraday swings you see but m15 and this method pretty much picks them perfectly.

M1 has to many false starts trying to range trade at $1 per pip is impossie to with a small account and 15 sl area.

But getting there finally just got to stay frosty.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #571
  • Nov 20, 2011 9:49am Nov 20, 2011 9:49am
I doubt this is acheivable due to lack of time / good setups, I have hit 40% in a week, but last week was 11% and 17% the week before, but these are me weekly targets starting at 30%


Week Profit Balance Growth

Current 375
1 113 488 30%
2 146 634 30%
3 190 824 30%
4 206 1030 25%
5 257 1287 25%
6 322 1609 25%
7 402 2011 25%
8 503 2514 25%
9 503 3017 20%
10 603 3621 20%
11 724 4345 20%
12 869 5214 20%
13 1043 6256 20%
14 1064 7320 17%
15 1098 8418 15%
16 1263 9681 15%
17 1452 11133 15%

I have income for approx 3 - 4 months lined up after that, likely more but ??

I need say $500 per week to live off, so by week 9 I could start paying my wage but would hamper growth like crazy.


Current history since new SL setup.

WE 6/Nov +40% 5 trades over 3 days.
WE 13/Nov +17.5% 4 trades over 2 days.
we 20/Nov +10.7% 2 trades over just 1 day.

Bring back more time to trade, more setups and hopefully more profits.

Potential is there, but time is sadly lacking!!

I've added Gold to the Party and I'm going to have to accept the 3x's risk factor of counter trend on really good setups so nearer 0.7% Envelope ( not on GOLD, thats risky enough, similar risk as Forex counter trend already ). These should fingers crossed help!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #572
  • Nov 20, 2011 3:14pm Nov 20, 2011 3:14pm
Going to start slapping S/R points on my chart for counter trend, just 1 a place where if it's the right area of the range and near that then I'll chance it.


Although I might choose to bail on the S/R failing the plan is to average down and trust the range will get me to a average profit level to exit before making it to the SL at -60.

Simples, he said!

Yet again, it needs to of gotten there rug pulled out of it, not slowly cause thats likely constant buy / sell pressure and will likely continue slowly and for many pips.

AudUsd is at a buy point, but I'm not trading just after the open thats suicide.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #573
  • Nov 20, 2011 3:21pm Nov 20, 2011 3:21pm
Ohhh and while I'm at it, Drop on the with trend lines to then slap all of those in FXCM Price Alerts and get texts when a pair enters the area of interest.


More trades and more trades captured.


Sleeping could be an issue
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #574
  • Nov 20, 2011 3:22pm Nov 20, 2011 3:22pm
Quoting Turveyd
I doubt this is acheivable due to lack of time / good setups, I have hit 40% in a week, but last week was 11% and 17% the week before, but these are me weekly targets starting at 30%


Week Profit Balance Growth

Current 375
1 113 488 30%
2 146 634 30%
3 190 824 30%
4 206 1030 25%
5 257 1287 25%
6 322 1609 25%
7 402 2011 25%
8 503 2514 25%
9 503 3017 20%
10 603 3621 20%
11 724 4345 20%
12...

i am interested in ur chart look turv.

great results. 40% a week? damn thats how much i make in a month and 10 days. 1 percent a day for me.

u must be very comfortable wiht urself and ur trading style so much taht u know u can leverage it up a bit. good job
Have I got something on my face, SOLDIER?
  • #575
  • Nov 20, 2011 3:25pm Nov 20, 2011 3:25pm
Quoting bumapatria
i am interested in ur chart look turv.

great results. 40% a week? damn thats how much i make in a month and 10 days. 1 percent a day for me.

u must be very comfortable wiht urself and ur trading style so much taht u know u can leverage it up a bit. good job
Thanks, it's simple which is a requirement as you get older

1% per day, no losers ??

When you haven't got much to lose, it's easier to leverage it up, you'll see I expect fear to kick in and my leveraging to drop from the 30% target at this value per week and dropping to likely 15% when richer.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #576
  • Nov 20, 2011 3:40pm Nov 20, 2011 3:40pm
Quoting Turveyd
Thanks, it's simple which is a requirement as you get older

1% per day, no losers ??

When you haven't got much to lose, it's easier to leverage it up, you'll see I expect fear to kick in and my leveraging to drop from the 30% target at this value per week and dropping to likely 15% when richer.
your fear has provided u wisdom. its not really bout the money but bout excuting the same trade plan right?

ill keep up wiht your works turv
Have I got something on my face, SOLDIER?
  • #577
  • Nov 20, 2011 3:44pm Nov 20, 2011 3:44pm
Quoting bumapatria
your fear has provided u wisdom. its not really bout the money but bout excuting the same trade plan right?

ill keep up wiht your works turv

6 years of trying to beat M1 and nearly getting it made switching to M15 simple from the start interestingly, so I guess I didn't waste 6 years on that LOL

You do that sir, feel free to comment / have a laugh any time.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #578
  • Nov 20, 2011 4:02pm Nov 20, 2011 4:02pm
Shoulda took AudUsd, 1 for 1 so far, if I'd of took it ofcourse.


Promising start to the new setups being put into play.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #579
  • Nov 20, 2011 4:23pm Nov 20, 2011 4:23pm
call me sir again ill die. im 14



so u were looking to short the mofu right?
i am long awaiting largger moves.
Have I got something on my face, SOLDIER?
  • #580
  • Nov 20, 2011 4:30pm Nov 20, 2011 4:30pm
Quoting bumapatria
call me sir again ill die. im 14



so u were looking to short the mofu right?
i am long awaiting largger moves.
i read you where, 14 hence the sarcasm


Long for AudUsd counter trend, but I woulda been out already don't hold counter trend plays for long, they will turn nasty in a heart beat.

Check the 6 reversals recently off the 540lwma slick ( better ? ) we are in a downtrend medium term.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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