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  • #5,901
  • Jan 25, 2012 5:14am Jan 25, 2012 5:14am
Quoting Tony112
Ultimate Fail
@master : offset in new york
for me ask one sentence . Take Profit of master usually ?

Respect
Max
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  • #5,902
  • Jan 25, 2012 5:16am Jan 25, 2012 5:16am
Quoting maxryan9999
@master : offset in new york
for me ask one sentence . Take Profit of master usually ?

Respect
Max
aaaaa i feel like the answer is no, but could you clarify?
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  • #5,903
  • Jan 25, 2012 5:20am Jan 25, 2012 5:20am
Quoting Tony112
aaaaa i feel like the answer is no, but could you clarify?
Hehe . Fail again . i guess is 50
And Master have think about my guess ?

Respect
Max
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  • #5,904
  • Jan 25, 2012 5:22am Jan 25, 2012 5:22am
Quoting Tony112
Ultimate Fail
Hi Tony!

Did you set your stop to 1.5 pip plus spread, because it looks bigger than my 2 pip SL plus spread?
Did you buy with buy or sell limit or market buy, because this candle was veeeery fast, I was a little later in this trade. Ok maybe it is because my platform is mi??

Erkro
  • #5,905
  • Jan 25, 2012 5:26am Jan 25, 2012 5:26am
Quoting erkro
Hi Tony!

Did you set your stop to 1.5 pip plus spread, because it look bigger than my 2 pip SL plus spread?
Did you buy with buy or sell limit or market buy, because this candle was veeeery fast, I was a little later in this trade. Ok maybe it is because my broker is marketindex??

Erkro
you got 2 questions here
1. i have the stop loss at 1.2+spread
2. i didn't sell limit, I'm fast on the trigger with market buy
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  • #5,906
  • Jan 25, 2012 5:27am Jan 25, 2012 5:27am
Quoting maxryan9999
Hehe . Fail again . i guess is 50
And Master have think about my guess ?

Respect
Max

of course
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  • #5,907
  • Jan 25, 2012 5:29am Jan 25, 2012 5:29am
Quoting Tony112
you got 2 questions here
1. i have the stop loss at 1.2+spread
2. i didn't sell limit, I'm fast on the trigger with market buy
It looks like you are much faster on the trigger than me! :-)
Thanks!

Erkro
  • #5,908
  • Jan 25, 2012 5:32am Jan 25, 2012 5:32am
Quoting erkro
It looks like you are much faster on the trigger than me! :-)
Thanks!

Erkro
I'm out here staring at the screen like predator at 8 am. I could set automatic orders but I just wanna see what's happening live
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  • #5,909
  • Jan 25, 2012 5:33am Jan 25, 2012 5:33am
Quoting Tony112
you got 2 questions here
1. i have the stop loss at 1.2+spread
2. i didn't sell limit, I'm fast on the trigger with market buy
Same me , master just use "one click buy or sell" .
In this broker . All setting default (stoploss 2p,target 50p,trailing 35p) Then i only need "one click buy or sell" . It faster . But this broker verify document difficult (I'm trying)
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  • #5,910
  • Jan 25, 2012 8:17am Jan 25, 2012 8:17am
Quoting rtrs111
You think it's hard work to trade 5-10 minutes every day and make 3-4 times ROI/year?!
Yes, definitely. It is extremely hard work. It is extremely hard to stay motivated after weeks of losses eating up your account, it is extremely hard to stick to the game plan, without trying to improve the success rate, without trying to enter 2nd or 3rd try. It's extremely hard to actually be in front of the screen at the exact hour(s) every day, and without ever having network/computer/IT failure. You miss one or a few winners and you are "deep in the hole", and more weeks of losses following adding insult to injury.

The method is definitely not for everyone, no matter how much a person would like to succeed in trading, everybody will not be successful with this method over time. A month or two - yes maybe. A year or two - no.

Also Tony112's way of topping up the account at the end of a week of losses is something that few people are able to do in real life. At the same time this makes the difference between a mediocre system (at best) and a stellar system. A big win is merely a small gain if the stakes are low due to a diminishing account eaten by many small losses.

I think you will agree to this - or at least parts of it. The most important thing in the end is that what you do works for you, now and over time.
  • #5,911
  • Jan 25, 2012 9:02am Jan 25, 2012 9:02am
Excellent post!

Quoting Stcktrdr
Yes, definitely. It is extremely hard work. It is extremely hard to stay motivated after weeks of losses eating up your account, it is extremely hard to stick to the game plan, without trying to improve the success rate, without trying to enter 2nd or 3rd try. It's extremely hard to actually be in front of the screen at the exact hour(s) every day, and without ever having network/computer/IT failure. You miss one or a few winners and you are "deep in the hole", and more weeks of losses following adding insult to injury.

The method is definitely...
  • #5,912
  • Jan 25, 2012 6:20pm Jan 25, 2012 6:20pm
Quoting Stcktrdr
Yes, definitely. It is extremely hard work. It is extremely hard to stay motivated after weeks of losses eating up your account, it is extremely hard to stick to the game plan, without trying to improve the success rate, without trying to enter 2nd or 3rd try. It's extremely hard to actually be in front of the screen at the exact hour(s) every day, and without ever having network/computer/IT failure. You miss one or a few winners and you are "deep in the hole", and more weeks of losses following adding insult to injury.

The method is definitely...

Deep thought... what you posted reflects very well the reality. I must admit you didn't post a lot since 2008 but your post are A1.
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  • #5,913
  • Jan 26, 2012 12:06am Jan 26, 2012 12:06am
EU SL 2p TP 140p TS 35
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  • #5,914
  • Jan 26, 2012 12:39am Jan 26, 2012 12:39am
Quoting maxryan9999
EU SL 2p TP 140p TS 35
Fail
@Stcktrdr :

I'm agree with you . i'm trying use Mobile Android while not computer
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  • #5,915
  • Jan 26, 2012 12:48am Jan 26, 2012 12:48am
Quoting Tony112
Deep thought... what you posted reflects very well the reality. I must admit you didn't post a lot since 2008 but your post are A1.
It's just the plain truth and common sense that everybody with some experience in the market will know.

The method is simple and there are some evidence that it might work out, but most people will still fail. It will be the holy grail for some, but it will still be the road to ruin for others.

As soon as we start thinking something is easy, when we get all excited that we finally found a method that will bring us financial freedom - that's when reality catches on and bites you in the behind.

Also, in life we tend to become overly optimistic and get too high self-esteem. when we do something and we start feeling that we really know what we are doing. I want to give you an analogy - when you buy a chainsaw and start sawing down some trees in the woods, in the beginning you are really careful and you use all necessary protection, helmets and gloves, and safety shoes, and eye-protection and so on. You do this for a few weeks or months or years. Soon you feel like you're an expert at what you do. You start feeling that the helmet is just in your way, the gloves are itching and you really don't need them any way. Soon you stop using the protection gear - why would you need protection that only beginners use, you're the expert forester, right? Next thing you know you're in the woods working without protection, and reality catches up with you. You're sawing down a tree like a pro, and suddenly some dust from the chainsaw flies into your eye you lose balance, your chainsaw cuts off your legs and the tree that was just about to fall, now falls right on top of you. You are miles away from home, and nobody even knows you are in the woods today.

Same thing will happen in the markets unless you stay extremely humble and know you are risking to saw off your legs every day.

Stick to the game plan. The best boxers in the world lose fights because they get too high self-esteem and stray away from the game plan they had set up before the fight.

Start tweaking, improvising and following your gut will make you lose in the market. If you have a winning method, act like a newbie every day. Follow the game plan step by step. That's how boxers win fights after analysing the opponents strenghts and weaknesses. They know that Right jab, left hook, straight right will win the fight. Just do it again and again.

Similarly, this method does not really have and space for "freestyling" it. Just like many other trading methods out there.
  • #5,916
  • Jan 26, 2012 2:17am Jan 26, 2012 2:17am
Quoting Stcktrdr
It's just the plain truth and common sense that everybody with some experience in the market will know.

The method is simple and there are some evidence that it might work out, but most people will still fail. It will be the holy grail for some, but it will still be the road to ruin for others...
Hi Stcktrdr,
this time I strongly agree with you and good example by the way. I don't know if you read the thread, but there were quite a few discussions about the discipline already and I said before too that you need to be much disciplined in trading this method, what is characteristic to this one though is that you have to stomach long periods of drawdown. That's why this is not for everyone of course.
But when I said this is not too much work, I meant that you don't have to stay glued to the screen all day long as when you trade other methods. Some people prefer that and lose in a few days as this one in a month.
r u ready?
  • #5,917
  • Jan 26, 2012 5:06am Jan 26, 2012 5:06am
NY :
EU SL 2p TP 140p TS 35
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  • #5,918
  • Jan 26, 2012 6:04am Jan 26, 2012 6:04am
Quoting maxryan9999
NY :
EU SL 2p TP 140p TS 35
fail again
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  • #5,919
  • Jan 26, 2012 6:17am Jan 26, 2012 6:17am
Hi,
the recent days I have studied the whole thread. Impressive, indeed.
Now I am changing my study into practice.

One of the first trades came out of a nice triangle formation some minutes ago. It's very helpful to have a 1min chart open near the 5 sec chart.
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  • #5,920
  • Jan 26, 2012 9:06am Jan 26, 2012 9:06am
Quoting zunis-myst
Hi,
the recent days I have studied the whole thread. Impressive, indeed.
Now I am changing my study into practice.

One of the first trades came out of a nice triangle formation some minutes ago. It's very helpful to have a 1min chart open near the 5 sec chart.
In session New York , Today .You mean
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