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The Clown - Yet Another System/Method

  • #21
  • Nov 26, 2012 6:47am Nov 26, 2012 6:47am
Market is a sleeping beauty today, hard to take any trade, candle patterns for small TF-s are messy.

Took a trade on AU with TP 10 pips and put BE+1 ASAP as bigger TF-s are evil and green and might just pull back to go some more, not a good place to look for a runner on short side (Iīm @home today and tomorrow till evening, can watch).

Attached Image (click to enlarge)
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Also took GU, but TP only 5, big TF-s donīt favor shorts ATM.

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F_ck your analysis, I know exactly where the market will go. To the right.
  • #22
  • Nov 26, 2012 7:27am Nov 26, 2012 7:27am
Quoting Repipula

all I can say is that you must also use PIVOT POINTS!!
Thanks, Iīll try them out and see if they are useful for me, I have used pivots (and every possible indicator, lol) in past but dropped most - too much information will mess up my brain.

Ab your GJ short - I donīt have even a chart, my spread is too wide (6), I donīt trade anything with a spread above 2 pips (except EJ sometimes, 3 pips) but I suppose itīs in a strong trending mode like UJ and EJ.
And if something is clearly trending on H1 and above, I wouldnīt suggest TP bigger than 10, max 20 pips if there is exellent signals on M5 to M30. And put BE ASAP. Yes, annoying, you get lot of BE-s. But better safe than sorry. Just my experience.
Or maybe if you have also some other good reason to short, not only The Clown ... donīt know your style, entry with a chart and reason would be good.
F_ck your analysis, I know exactly where the market will go. To the right.
  • #23
  • Nov 26, 2012 2:20pm Nov 26, 2012 2:20pm
Iīm off.

AU BE-d, 1 pip; GU 5 = total 6 pips.

I hope there is better movement tomorrow.
F_ck your analysis, I know exactly where the market will go. To the right.
  • #24
  • Edited 5:54am Nov 27, 2012 5:42am | Edited 5:54am
Quoting Taxi Driver
Iīm off.

AU BE-d, 1 pip; GU 5 = total 6 pips.

I hope there is better movement tomorrow.
Look good but what is your stake on this idea of higher low and lower high to fitter signal.
  • #25
  • Nov 27, 2012 6:09am Nov 27, 2012 6:09am
Quoting rotmos
Look good but what is your stake on this idea of higher low and lower high to fitter signal.
Please the market session (open and close) indicator I was using gave defferent time from yours. mine is earlier than your. Does up date automatically or what?.
  • #26
  • Nov 27, 2012 6:26am Nov 27, 2012 6:26am
Quoting rotmos
Please the market session (open and close) indicator I was using gave defferent time from yours. mine is earlier than your. Does up date automatically or what?.
Not automatically, see Sonic Control Panel options, adjust Broker_GMT_Offset.
F_ck your analysis, I know exactly where the market will go. To the right.
  • #27
  • Dec 11, 2012 12:52am Dec 11, 2012 12:52am
It's really hard to quantify how much time a trader, or system, needs in order to be proven. Some traders kill it for 5 years and then just continually under perform for the rest of their lives. There are registered CTAs (Commodity Trading Advisors) who have bought sports teams with their winnings, had a HUGE amount under management, and now continually under perform (and in some cases, continually lose money). And those are the professionals.

With that said though, I think the author of this thread should outline his experience based on the amount of time (hours) he has spent, not years. I mention this because the 10,000 hour watermark is important. It's possible he isn't there, even after 5 years, because of the full time job.

I briefly looked over the system. My immediate concern is that you are testing something that can't make decent money without a lot of dedication to it. If you have a full time job, you may need to increase your time frame, or make sure you have something that can still be profitable if you dramatically decrease your trade frequency etc. I may have read something wrong, though.

#FXFUSE


Quoting whatfx
if i understand correctly , you have been trading since 2007 but have not made any money and you are just at break even, after 5 years ?

if this is correct, then it is very concerning indeed.
  • #28
  • Edited 10:21pm Dec 12, 2012 10:01pm | Edited 10:21pm
This isn't a good system for anybody that has full time job at hand. To say the fat from my experience any system or indicator that will tell you sell/buy isn't good for part time trader and beginners no matter how good the indicator is. Why?... because it will for sure see both fakes and good signals and only the professionals can filter this. 2. the good signal will even still have draw downs which will in most cases hit their Stop losses before going the direction they saw when placing trade and only the professionals can avoid this. Even the good trade will ride on and they are out on 20 pips only the professionals can ride on this. etc. I was using genesis matrix before and when I saw this thread I knew it is another good one. I most confess that I have made what I couldn't make when trading genesis matrix through this thread even though not through this system. And I am now profitably trading base on this system with my own style. So I say thank you to the starter.
  • #29
  • Jan 30, 2013 1:00am Jan 30, 2013 1:00am
Quoting rotmos
This isn't a good system for anybody that has full time job at hand. To say the fat from my experience any system or indicator that will tell you sell/buy isn't good for part time trader and beginners no matter how good the indicator is. Why?... because it will for sure see both fakes and good signals and only the professionals can filter this. 2. the good signal will even still have draw downs which will in most cases hit their Stop losses before going the direction they saw when placing trade and[b] only the professionals can avoid this....
Mind to share your style of trading this system? Thanks
Patience, let the market come to you!
  • #30
  • Jan 30, 2013 10:32am Jan 30, 2013 10:32am
This isn't true. As traders, and humans, we are subjected to personal bias all the time. Typically, the way we operate as traders and people (beliefs, personality, convictions, friends, the type of food we eat) is a product of our EXPERIENCES. Once we've experienced something different, we then have a new opinion.


You can, in fact, trade with a full time job if you have an hour a day to devote to trading and you have filtration systems that print the best setups, and then scripts that manages the best setups. You probably don't even really need either of those, but I've found it helpful. I don't work full time right now, but I trade as if I do (for the most part). I have a constant pulse on the market, though. But I'm not executing or managing orders for more than 1-2 hours a day, and this is also usually around 5PM EST NY.


Again, the reason INFORMED AND INTELLIGENT traders fail is because they can't trade through drawdowns, NOT BECAUSE OF FALSE SIGNALS. Drawdown... it's too painful for them. Everyone will fail because they love the idea of trading to win, but can't trade to lose. Plain and simple.


Trading is just like poker.

#FXFUSE


Quoting rotmos
This isn't a good system for anybody that has full time job at hand. To say the fat from my experience any system or indicator that will tell you sell/buy isn't good for part time trader and beginners no matter how good the indicator is. Why?... because it will for sure see both fakes and good signals and only the professionals can filter this. 2. the good signal will even still have draw downs which will in most cases hit their Stop losses before going the direction they saw when placing trade and[b] only the professionals can avoid this....
  • #31
  • Jan 30, 2013 11:13am Jan 30, 2013 11:13am
Quoting Taxi Driver
Yes, you understand correctly, almost nothing, but looking at the bright side - itīs probably impossible to count people who have traded, lost huge amounts and done with FX in 5 yrs. Or in 5 month.
As told, trading is more like a hobby to me, but I would like to start to move to a next level. Slowly, step by step.

i admire your courage. good luck
  • #32
  • Mar 21, 2013 5:15am Mar 21, 2013 5:15am
Cough...

Another forgotten thread.

Iīve been busy working my daily job, still hate it, but have also been working on getting better at trading and dicipline, so I also added a Trade Explorer - The Clown is working for me so far.

Example of bad MM and lunatic risk, donīt do that unless having some free bonus account or other free money like I did.

Iīll try to post more, although Iīm changing my daily job soon, quit old one and start in new company, so bit hard to find extra time.

F_ck your analysis, I know exactly where the market will go. To the right.
  • #33
  • Mar 21, 2013 2:47pm Mar 21, 2013 2:47pm
Hi Taxi Driver

Nice system, like it couse generate clear setup, will try it on 1 min

good luck, all best
The market was bullish, turned bearish, and you'are brokish!!!
  • #34
  • Mar 21, 2013 3:36pm Mar 21, 2013 3:36pm
nice charting...prepar to 1min long position..
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets as12.png Size: 99 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #35
  • Mar 22, 2013 4:31am Mar 22, 2013 4:31am
make 7 pips, yesterday evening make 14. (very low volatiy after ny close)

I have this OneClikTrading scrypt (left up corner) it is helpful couse I have constant 7 pipsTP and 10 pips SL on 1 MIN chart.

I can tell, that strategy can by scalping machine that I will be use without emotion...just enter- TP...enter-TP
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets as11.png Size: 70 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #36
  • Mar 22, 2013 4:36am Mar 22, 2013 4:36am
I add daily-pivot to chart, we can see how price bouce from pivots level....
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets asx.png Size: 79 KB
Attached File(s)
File Type: mq4 daily-pivot-points.mq4   10 KB | 386 downloads
The market was bullish, turned bearish, and you'are brokish!!!
  • #37
  • Mar 22, 2013 4:45am Mar 22, 2013 4:45am
another 7pips

now price is 2935

couse is london sesion i think i will chane TP to 10 pips couse votality is biger..
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets asz.png Size: 75 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #38
  • Mar 22, 2013 8:41am Mar 22, 2013 8:41am
Hi FXThug!

Nice to see your interest.

Do you use only M1 chart or some higher TF to confirm your trades?
F_ck your analysis, I know exactly where the market will go. To the right.
  • #39
  • Mar 22, 2013 9:38am Mar 22, 2013 9:38am
Hi
Yes I use higher timeframe to look at candle and volumen, volumen I use from small period of time but its helpfull for my....I'm lerning volumen right now too..

But todays morning trade and yesturday trade was only on 1min.

When I play full day (have time off now from normal job) I focus only on EU (couse of spread), but configure Your system on others majors on 1H and 4H,

In scalping on 1 min need to now focus on re-entry in trade couse if we have fast 50 pips move like at the moment I dont want to take only 7-10 pips- greedy

Big THX for system
Good Luck
FXT


pic from screen
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets asclown.png Size: 117 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #40
  • Mar 22, 2013 10:15am Mar 22, 2013 10:15am
I have one more idea, look How we can use volume to confirm the trade...the case worth to study
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets asclown1.png Size: 74 KB
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   4 KB | 449 downloads
The market was bullish, turned bearish, and you'are brokish!!!
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