It's Really All About Consistency... | Page 11 | Forex Factory

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It's Really All About Consistency...

  • #201
  • Jun 14, 2012 4:00am Jun 14, 2012 4:00am
Quoting Bones
now this is how I see , I am happy that price is moving bearish ,I dont trade h1 btw

THIS IS NOT A 30 pip trade
It's looking good, this gbp/usd short. The thing about a trendline that is touched 4 times before breaking, and that moves up over 200 pips, is that when it breaks, it tends to break hard. The longer the line, the more times it's hit, the harder the break.

But, I'm sure you already knew this youself.... just one more reason why i'm satisfied with this trade

X
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  • #202
  • Jun 14, 2012 4:18am Jun 14, 2012 4:18am
now
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #203
  • Jun 14, 2012 4:19am Jun 14, 2012 4:19am
equity curve
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #204
  • Jun 14, 2012 4:25am Jun 14, 2012 4:25am
Quoting Bones
equity curve
Nice, thats damn good and inspiring.
Especially considering today I read an article that only 5% of people will be successful at trading.

I like that your equity curve while it might go flat it doesnt sink down.
Well done.

What time frame is that over?
  • #205
  • Jun 14, 2012 4:25am Jun 14, 2012 4:25am
2 months ,the account is new
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #206
  • Jun 14, 2012 4:41am Jun 14, 2012 4:41am
Quoting Bones
equity curve
ya, phenomenal.... makes me really take a very hard look at the reasons why I close trades early... you've given me something to think about...

X
  • #207
  • Jun 14, 2012 4:49am Jun 14, 2012 4:49am
Yes I do think ,if you can do low tf ,you can do high tf down ,all I do is add on lower pa ,from monthly ,usd has closed under ,no break , but upper wicks over I think show us theres buyers ,

I hope cable test under tl max
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx h1 14-6-12 5 look 2.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #208
  • Jun 14, 2012 4:51am Jun 14, 2012 4:51am
Quoting Bones
2 months ,the account is new
That's the best I've seen I think... ever. I've had a few pretty fantastic months myself... triple digit returns, but nothing close to that good.

Of course I was risking 2%-4% per trade when i hit 100%+ ROI in a month... not sure what your risk is, but regardless, your equity curve and total % return is amazing. good job!
  • #209
  • Jun 14, 2012 4:52am Jun 14, 2012 4:52am
I don't think about risk reward in usual way FT ,I think is it doing what I want ,does it fit outlook ,when it does I add
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #210
  • Jun 14, 2012 4:54am Jun 14, 2012 4:54am
Quoting forextraderx
ya, phenomenal.... makes me really take a very hard look at the reasons why I close trades early... you've given me something to think about...

X
Yeah I notice just about everyone trades here very much short term for 20-30 pips or thereabouts.
For me id rather have a trade open for days/weeks.
I held USDJPY for a couple months for exampled. Rode it from 77 to 82.

But I understand most people dont like that method of trading Forex.

I thought I did well with my AUDJPY AUDUSD NZDUSD positions as I wanted to keep these longer term for the positive carry trade. Unfortunately whipsaws and some bad decisions took me out (for profit however).
  • #211
  • Jun 14, 2012 4:54am Jun 14, 2012 4:54am
stop is when it does not fit ,I don't use as its difficult to know what it wont do ,if not impossible lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #212
  • Jun 14, 2012 4:57am Jun 14, 2012 4:57am
Quoting Bones
Yes I do think ,if you can do low tf ,you can do high tf down ,all I do is add on lower pa ,from monthly ,usd has closed under ,no break , but upper wicks over I think show us theres buyers ,

I hope cable test under tl max
So now I'm really curious... because I see your basically just trading ABC price action off S/R levels using multiple TF's to choose your trades... at least that's what I've seen... correct me if i'm wrong of course.

Now, with that being said, what TF do you look for your "trigger" on... 4H? 1H?

and whats the lowest TF you'll refer to?
  • #213
  • Jun 14, 2012 5:00am Jun 14, 2012 5:00am
h4 is good ,ive started playing with h1 but difficult ,
cable h1 looks bullish ,
but I hope h4 is bearish

at underside of tl now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #214
  • Jun 14, 2012 5:02am Jun 14, 2012 5:02am
GBP/USD short not looking so good now... but there seems to be a lot of pressure on risk markets over all today with bond yields pushing up... at any rate, it'll either stop, or it'll profit, and it'll be on to the next trade.

X
  • #215
  • Jun 14, 2012 5:04am Jun 14, 2012 5:04am
market has to shake out
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #216
  • Jun 14, 2012 5:13am Jun 14, 2012 5:13am
usd is still in triangle ,im not budging ,the gbp in consolidation zone can zip up down no problem in such space
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #217
  • Jun 14, 2012 5:17am Jun 14, 2012 5:17am
i really don't think it will re enter ,it does not make sense ,close under tl or over decides
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h4 underside 2.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #218
  • Jun 14, 2012 5:19am Jun 14, 2012 5:19am
in fact the red box thats a candle pattern ,bearish continuation
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  • #219
  • Jun 14, 2012 5:43am Jun 14, 2012 5:43am
well h1 ,study more anyway ,failure to close over ,caused that ,close over you can imagine the result ,the cable H4 ,I say it will fail
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #220
  • Jun 14, 2012 5:47am Jun 14, 2012 5:47am
well... seems it didn't work out tonight. No matter... tomorrow is another day, and now that i'm "done".... this is my "tomorrow"...

i'm gonna set some orders up in case the markets get to a price that I really want a trade (kinda like the USD/CAD I had yesterday)

at any rate, tomorrow I intend to do better, and will do my review on this and everything else at that time.
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