Sneaky bastards eh? hehehehe! Well...tell them I took all their money while they were busy setting the traps. Closed trade manually at 125.500 for 177pips. Added positions moved stops at every BRN. Account up 50% on that trade alone.
Another simple system - Time-Frame 15
- #19,481
- Feb 1, 2013 12:00am Feb 1, 2013 12:00am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
- #19,484
- Feb 1, 2013 12:26am Feb 1, 2013 12:26am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #19,489
- Feb 1, 2013 1:53am Feb 1, 2013 1:53am
Hi guys,
Yen pairs still generous to us. Neverending trend as it seems.
The asian session examples. Momentum entries from LTF, larger stop for volatility reasons. More positions still open, free rides now.
Charts and verified trades below.
Trade smart.
Ciara
- #19,490
- Feb 1, 2013 1:55am Feb 1, 2013 1:55am
LE1 TIME FRAME 15
Learning #3 Part One
Newbies,
In the nicest possible way, let's get this straight...
You are not here to make money
you are here to learn to make money.
That's a big difference. Think about it for a moment
P
Learning #3 Part One
Newbies,
In the nicest possible way, let's get this straight...
You are not here to make money
you are here to learn to make money.
That's a big difference. Think about it for a moment
P
LE1 Time Frame 15
Learning #2
Ok Here it is newbies! LoveEver1's system. To my knowledge it has not been explicitly laid out before so it is my interpretation, others please add your comments, additions or corrections, it is a live document! :-)
This learning is a summary of the basic system. I am trying to get everyone at numerous levels up to speed and successful as soon as possible, so the next learnings posted will be:
#3 money management
#4Trading, timing and timeframe
#5 MAs
#6 S/R
#7 price action/candlesticks
#8...
- #19,494
- Feb 1, 2013 2:23am Feb 1, 2013 2:23am
I see 1,29-1,30 in my EW count!
Buddy, move the protective stop on that 117.500 entry to 123.000 now. Me, I'd tighten it even further! hehehe. It's earned it! In case a tsunami decimates the Euro or something and flushes it down the toilet!
- #19,495
- Feb 1, 2013 2:33am Feb 1, 2013 2:33am
LE1 TIME FRAME 15
Learning #3 Money Management. Part Two
Trading is a bit like swimming, if you read a book on how to swim, learn the stokes, how to breath, then if I threw you off the boat and said swim to shore, how would you do? :-)
Doing trading in demo mode is much like reading the book, it has almost nothing to do with actual trading, the fear takes over, you can't touch the bottom, get underway. Did I mention that the water is full of sharks after your flesh, that there are poisonous jellyfish everywhere, and sharp shells when you try to stand up. You might get the exilarating ride of a big wave, but it could dump you and break your back without even knowing that you are there, and that's all without even swimming...but you get the picture.
imo it is important to get into actual trading to understand and learn the psychology of trading, BUT please do it is a very small way. You are not trying to earn money at this stage, you are trying to learn how to trade ,start at the beach in the shallows :-)
Keep your position sooo small that it does not matter moneywise if you win or lose. This will take away the psychology of fear and greed so that you can concentrate on learning how to really trade.
Once you can get the positive trades coming through regularly for several weeks then maybe increase position size to 1%, but there is no need to rush, when you are ready.
Even with a profitable system of say 60% correct you will in probability at some stage have to endure a run of 5-10 losses in a row. This is normal. If you want to check and learn probabilities I suggest you google Van Tharp, or his books such as 'Trading your way to financial freedom' and 'Supertrader'
Once you are proficient you can trade imo 3-5% but above that is risky. You may win in the short term but in the long term you may not.
The focus is on learning to trade successfully without the psychological pressures of fear and greed
:-)
P
Learning #3 Money Management. Part Two
Trading is a bit like swimming, if you read a book on how to swim, learn the stokes, how to breath, then if I threw you off the boat and said swim to shore, how would you do? :-)
Doing trading in demo mode is much like reading the book, it has almost nothing to do with actual trading, the fear takes over, you can't touch the bottom, get underway. Did I mention that the water is full of sharks after your flesh, that there are poisonous jellyfish everywhere, and sharp shells when you try to stand up. You might get the exilarating ride of a big wave, but it could dump you and break your back without even knowing that you are there, and that's all without even swimming...but you get the picture.
imo it is important to get into actual trading to understand and learn the psychology of trading, BUT please do it is a very small way. You are not trying to earn money at this stage, you are trying to learn how to trade ,start at the beach in the shallows :-)
Keep your position sooo small that it does not matter moneywise if you win or lose. This will take away the psychology of fear and greed so that you can concentrate on learning how to really trade.
Once you can get the positive trades coming through regularly for several weeks then maybe increase position size to 1%, but there is no need to rush, when you are ready.
Even with a profitable system of say 60% correct you will in probability at some stage have to endure a run of 5-10 losses in a row. This is normal. If you want to check and learn probabilities I suggest you google Van Tharp, or his books such as 'Trading your way to financial freedom' and 'Supertrader'
Once you are proficient you can trade imo 3-5% but above that is risky. You may win in the short term but in the long term you may not.
The focus is on learning to trade successfully without the psychological pressures of fear and greed
:-)
P
LE1 TIME FRAME 15
Learning #3 Part One
Newbies,
In the nicest possible way, let's get this straight...
You are not here to make money
you are here to learn to make money.
That's a big difference. Think about it for a moment
P
- #19,496
- Feb 1, 2013 2:43am Feb 1, 2013 2:43am
Buddy, move the protective stop on that 117.500 entry to 123.000 now. Me, I'd tighten it even further! hehehe. It's earned it! In case a tsunami decimates the Euro or something and flushes it down the toilet!
- #19,497
- Feb 1, 2013 2:46am Feb 1, 2013 2:46am
First trade of February.
AU M15. Basic set up. TP less than 30 minutes. Very quick. Lucky me.
http://www.forexfactory.com/attachme...7&d=1359707959
AU M15. Basic set up. TP less than 30 minutes. Very quick. Lucky me.
http://www.forexfactory.com/attachme...7&d=1359707959 Accept as it is being!
- #19,500
- Feb 1, 2013 3:25am Feb 1, 2013 3:25am
- Joined Dec 2010 | Status: Trader | 1,152 Posts
What is any ocean but a multitude of drops?