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Another simple system - Time-Frame 15

  • #20,421
  • Mar 18, 2013 12:37pm Mar 18, 2013 12:37pm
Quoting wizard99
Hi Everyone,

I took the Demo AC trade as described in earlier post and shown attached again here.

However, I just checked trade and it was gone !! completely not documented on my Demo account.

No profit no loss no anything in the log of trade activities etc....?????

It shouldn't have just disappeared....no record of entry, (or for that matter? Profit in this case...truly bizarre.

Anyone else had this happen?
i heard sometimes you have those issues. that's why it's important to take a screenshot for prof.
  • #20,422
  • Mar 18, 2013 1:22pm Mar 18, 2013 1:22pm
Quoting Davit
I severely cut my trading frequancy and ironically my account is up+500 pips this month.
Been doing lot of reading.Soul searching,hammering weak points.
This month
Total Trades: 22 Short Positions (won %): 22 (72.73%)
So what I am doing different then before is being very selective.If I am not sure of the direction I simply don't trade period.One should not be in the markets all the time.Only in most favorable times when you got an edge.
Trade...
You're heading in the right direction. So am I.
  • #20,423
  • Edited Dec 29, 2017 7:15am Mar 18, 2013 4:57pm | Edited Dec 29, 2017 7:15am
Quoting jordfx
You're heading in the right direction. So am I.
Jordfx
Great trading to you and others as well.My method is very simple.Let the winners run and cut the losers short.
My trading charts can be seen on here
http://www.forexfactory.com/showthre...29183&page=238

I have some great books worth reading.Sent email { email address deleted by staff } and I will send them to you.I can't upload here that would violate copy rights issues.

Regards
In trading, you have to be defensive and aggressive at the same time
  • #20,424
  • Mar 18, 2013 5:39pm Mar 18, 2013 5:39pm
Quoting kbforex
ARJUN , whereever you are , may u be blessed.
Thanks Emmanuel7788, all your effort most appreciated
EURJPY LONG, using Emmanuel SYN BOX as support , after a break of 4hrs 200, then a break n retest of 1hr 800 look for entry on 15mins, taking a long from Emmanuel7788 SYD BOX.
COMMENT PLS!!!
http://www.forexfactory.com/attachme...1&d=1363627785

For EURJPY,
I use the TOKYO first 5-hours traded range for my box.
Youcan box the TOK_5H and use that for EU, GU like I do.

Below is how it traded yesterday using H1 view.

But yesterday was a dead cat bounce trade for my M15 entry posted earlier.

Trade Well folks!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 18 Mar H1 TOK_5H trading 19-3-2013 8-27-57 AM.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,425
  • Mar 18, 2013 5:41pm Mar 18, 2013 5:41pm
Quoting lowweiting
thk emmnuel for reply,

if i wan draw FIB of the week , which line ( up or low purple line on chart) should i use??
Draw the weekly fibo in H4 chart timeframe exactly the same way you did for the past 52 weeks of practice.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,426
  • Mar 18, 2013 6:09pm Mar 18, 2013 6:09pm
Quoting emmanuel7788
USDCAD 18 Mar H1 Inside Bar:
http://www.forexfactory.com/attachme...1&d=1363610549

This setup went well for thos ewho took that Hi IB breakout trade.
Only using a proven and consistent trade management will get your trade that far.

More action today for UCad.... the bears have not finished with their feeding but some free ranged bulls are defending their green pastures.
Trade the higher TF H4 for short term swing.
Attached Image (click to enlarge)
Click to Enlarge Name: UCad 18 Mar update 19-3-2013 8-05-12 AM.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,427
  • Mar 18, 2013 6:50pm Mar 18, 2013 6:50pm
Quoting emmanuel7788
I love trading H4 pin bar with H1 price momentun in it ...
http://www.forexfactory.com/attachme...1&d=1363601657

This 'dead cat bounce' trade came alive after NYO.
A cat has nine lives, this one used up just one of its nine.

Catch the runaway today!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,428
  • Mar 18, 2013 6:57pm Mar 18, 2013 6:57pm
[quote=Davit;6524387]I severely cut my trading frequancy and ironically my account is up+500 pips this month.
Been doing lot of reading.Soul searching,hammering weak points.
This month
Total Trades: 22 Short Positions (won %): 22 (72.73%)
So what I am doing different then before is being very selective.If I am not sure of the direction I simply don't trade period.One should not be in the markets all the time.Only in most favorable times when you got an edge.
Trade smart.[/quote]

I LIKE ... the Trade Smart ...

...........when less means more!
.......................It is the Quality of the trades not the Quantity.

Good share Davit. Thank you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,429
  • Mar 18, 2013 7:12pm Mar 18, 2013 7:12pm
Quoting emmanuel7788
Draw the weekly fibo in H4 chart timeframe exactly the same way you did for the past 52 weeks of practice.
still not really understand...

below chart which exact point should i use for draw FIB of week??? 4H and weekly


thk u Emmanuel
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 49 KB
Click to Enlarge Name: 4h ej.png Size: 43 KB
  • #20,430
  • Mar 18, 2013 7:21pm Mar 18, 2013 7:21pm
UCad trading the TLB and H4 DIB....
here is my example:
Attached Image (click to enlarge)
Click to Enlarge Name: UCad 19 Mar TLB H4 DIB 19-3-2013 10-18-04 AM.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,431
  • Mar 18, 2013 7:24pm Mar 18, 2013 7:24pm
Quoting lowweiting
still not really understand...

below chart which exact point should i use for draw FIB of week??? 4H and weekly


thk u Emmanuel
ok, here is what you need to decide:
your trading week starts on Monday morning when Tokyo open at GMT0000. That is Kuala Lumpur local time 8am.

if your broker chart shows New York Sunday candles, just treat the Sunday candles as part of the previous week.

be CONSISTENT in doing this.

Do you understand now?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,432
  • Mar 18, 2013 11:04pm Mar 18, 2013 11:04pm
Hello,
Makes me wonder how I should calculate rate of the winning trades, preparing my statistics... how usually traders do?
1. Trades stoped at BE... is it winner or looser or is not counted... ?
2. Trade closed before hit BE to keep money left on the table... will we treat this as a winner??
Loosing trades are obvious,
Jacek
JacekPreserve Precious Capital
  • #20,433
  • Mar 18, 2013 11:39pm Mar 18, 2013 11:39pm
Quoting Jackub
Hello,
Makes me wonder how I should calculate rate of the winning trades, preparing my statistics... how usually traders do?
1. Trades stoped at BE... is it winner or looser or is not counted... ?
2. Trade closed before hit BE to keep money left on the table... will we treat this as a winner??
Loosing trades are obvious,
Jacek
mate,

just keep it simple. are you making money or not? how much?

bottom line, these are the only important things at the end of the week, end of the month.

reason for trade is to make profit. any other reason besides this is pure bs.
  • #20,434
  • Mar 18, 2013 11:42pm Mar 18, 2013 11:42pm
Quoting Jackub
Hello,
Makes me wonder how I should calculate rate of the winning trades, preparing my statistics... how usually traders do?
1. Trades stoped at BE... is it winner or looser or is not counted... ?
2. Trade closed before hit BE to keep money left on the table... will we treat this as a winner??
Loosing trades are obvious,
Jacek
For me, when trades are closed at BE, it is EP +spread + 2 pips. The 2pips for pay me for my effort. Therefore for me, all my BE trades are consider winning trades.

It is more important for me what the winners are measured in terms of the initial risk i.e. the R. The average R of all trades must be above > 1.

Most losing trade are -1R. But ion some cases where the initial SL is moved to reduce the loss, it can be -0.5R in some cased.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,435
  • Mar 18, 2013 11:47pm Mar 18, 2013 11:47pm
Quoting emmanuel7788
For me, when trades are closed at BE, it is EP +spread + 2 pips. The 2pips for pay me for my effort. Therefore for me, all my BE trades are consider winning trades.

It is more important for me what the winners are measured in terms of the initial risk i.e. the R. The average R of all trades must be above > 1.

Most losing trade are -1R. But ion some cases where the initial SL is moved to reduce the loss, it can be -0.5R in some cased.

Regards,
Thanks, Emmanuel...
JacekPreserve Precious Capital
  • #20,436
  • Mar 18, 2013 11:53pm Mar 18, 2013 11:53pm
Quoting pkimnyc
mate,

just keep it simple. are you making money or not? how much?

bottom line, these are the only important things at the end of the week, end of the month.

reason for trade is to make profit. any other reason besides this is pure bs.
Thanks for advice, after all you are right, but newbie like me is still looking for ways to analize its own efforts and mesure it somehow, just to compare. On my stage I need to know if my entries are good and make sense, the next step will be taking care of result. When I know what I am doing on charts, what charts saying to me, will start calculate pips...
jacek
JacekPreserve Precious Capital
  • #20,437
  • Mar 18, 2013 11:56pm Mar 18, 2013 11:56pm
Quoting Jackub
Thanks for advice, after all you are right, but newbie like me is still looking for ways to analize its own efforts and mesure it somehow, just to compare. On my stage I need to know if my entries are good and make sense, the next step will be taking care of result. When I know what I am doing on charts, what charts saying to me, will start calculate pips...
jacek
just look at the % of gain at the end of the week, end of the month. that's the true measure.
  • #20,438
  • Mar 19, 2013 12:17am Mar 19, 2013 12:17am
Quoting pkimnyc
just look at the % of gain at the end of the week, end of the month. that's the true measure.
Yes I agree % of gain is more inportant than anything else.
Once you are consistently in win rate above 50%, see how many trading days you need to achieve a 10% profit. Make that your 10% profit cycle. When you achieve 10% profit in 20 trading days and with a certain number of trades, you should target that 10% profit cycle and work on to reduce the number of trading days to meet the next 10% profit cycle.
This is how I measure and compare the trading performance of my team and this is one of the key performance indicator I use to assess traders.

Edit: Remember, it is the Quality of the trades, not the Quantity of trades we make in a week, a month, ..etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,439
  • Mar 19, 2013 12:34am Mar 19, 2013 12:34am
Short EUR/CAD with HTF Trends, but realize there's alot of congestion to the left of my entry for PA to get thru
PA below 10ema below 200 EMA and moving away....

Comments welcome
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadm15.png Size: 56 KB
  • #20,440
  • Mar 19, 2013 12:59am Mar 19, 2013 12:59am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1363601657

This 'dead cat bounce' trade came alive after NYO.
A cat has nine lives, this one used up just one of its nine.

Catch the runaway today!
Hi Emmanuel7788
Sorry to ask this, but how do you determine a "H1 momentum candle", is it one below ema 10?
thank you
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