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Trend Runner

  • #341
  • May 16, 2013 10:14pm May 16, 2013 10:14pm
Quoting games130
hey enochben, I think we are in same position.. greedy... and unwilling to take a loss. i think i have funded more then 6 accounts and busted them all in less then 2 months because i was greedy. i open big trades and pray for the big win - which dont happen. Now i am trying to follow Ilz rules because if u think about it... its better to earn 2-4% month rather then bust ur account and loose all ur money. with the 2-4% slowly after a few years... it will become alot .. so be patience and dont risk too much. EDIT: ooo ya... i guess sometimes...

I am also in the same boat.
  • #342
  • May 16, 2013 11:20pm May 16, 2013 11:20pm
Trade Update (9PM PST Candle)

Long AUD/USD @ 0.97410. Current Stop @ 0.98410

EUR/JPY - NOTHING

EUR/USD - NOTHING

GBP/JPY - NOTHING

Short GBP/USD @ 1.52398. Current Stop @ 1.53240.

Long USD/CAD @ 1.02222. Current Stop @ 1.01450.

Long USD/CHF @ 0.96432. Current Stop @ 0.96462. +3 Secured

Long USD/JPY @ 102.322. Current Stop @ 101.817.

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #343
  • May 17, 2013 12:18am May 17, 2013 12:18am
Quoting ilzalama
Trade Update (9PM PST Candle) Long AUD/USD @ 0.97410. Current Stop @ 0.98410 -ILZ
Hello everyone. Such a beautiful early in the morning
Long?? What about MA 200 ?
  • #344
  • May 17, 2013 1:14am May 17, 2013 1:14am
Trade Update (9PM PST Candle) CORRECTION

**Short AUD/USD @ 0.97410. Current Stop @ 0.98410
Thanks Kaisa

-ILZ
“Control, control, you must learn control!” - Yoda
  • #345
  • May 17, 2013 2:47am May 17, 2013 2:47am
Hi ILZ ,

Yesterday for me was tough , I got myself stopped out of everything.

I closed my usd cad and my nzdusd , audusd ,

i had proper stop outs on cable and on euro

now i am short again on aussie nzdusd and usd cad , got in yesterday , but was in a rush and couldnt write on the thread

AUD/USD SHORT @ 0.9833. Current Stop @ 0.9833

NZD/USD SHORT @ 0.8172 current stop @ 0.8172

EUR/JPY - NOTHING

EUR/USD - NOTHING

GBP/JPY - NOTHING

GBP/USD NOTHING

Long USD/CAD @ 1.0173 Current Stop @ 1.0173

USD/CHF NOTHING

Long USD/JPY @ 102.322. Current Stop @ 101.817.

Gold - NOTHING

Ok I should be short Gbp/USd and EUR USD , right now if I was short eurusd price might have been coming close to my stop
  • #346
  • May 17, 2013 3:12am May 17, 2013 3:12am
Trade Update (1AM PST Candle)

Short AUD/USD @ 0.97410. Current Stop @ 0.98410

EUR/JPY - NOTHING

EUR/USD - NOTHING

GBP/JPY - NOTHING

Short GBP/USD @ 1.52398. Current Stop @ 1.53240.

Long USD/CAD @ 1.02222. Current Stop @ 1.01450.

Long USD/CHF @ 0.96432. Current Stop @ 0.96472. +4 Secured

Long USD/JPY @ 102.322. Current Stop @ 101.817.

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #347
  • May 17, 2013 3:16am May 17, 2013 3:16am
Quoting ashtrader
Hi ILZ , Yesterday for me was tough , I got myself stopped out of everything. I closed my usd cad and my nzdusd , audusd , i had proper stop outs on cable and on euro now i am short again on aussie nzdusd and usd cad , got in yesterday , but was in a rush and couldnt write on the thread AUD/USD SHORT @ 0.9833. Current Stop @ 0.9833 NZD/USD SHORT @ 0.8172 current stop @ 0.8172 EUR/JPY - NOTHING EUR/USD - NOTHING GBP/JPY - NOTHING GBP/USD NOTHING Long USD/CAD @ 1.0173 Current Stop @ 1.0173 USD/CHF NOTHING Long USD/JPY @ 102.322. Current Stop @ 101.817....
the market does not trend for ever. Now is the time to put in some real work. this is a trend catching method. if its not trending, its taking small hits and small wins.

GUT CHECK PEOPLE...

-ILZ
“Control, control, you must learn control!” - Yoda
  • #348
  • May 17, 2013 3:43am May 17, 2013 3:43am
Hey all,

I am getting messages at a steady pace about why its not working or what happens when the market is ranging. As for ranging markets, the market does not trend for ever. Since this is a trend catching method obviously it will not be as profitable when the market is ranging. As you must know, every system has a market nemesis. For this one its a ranging market. However that is when the Men are separated from the boys. Everyone is all happy and excited when the method they are using is working great. When they start losing or not getting pretty, nice trades, they jump ship and look for something else. I did that for my first few years, as I am sure many others have also.

Just chill out, calm down, control your trades & watch your money management. Markets will trend again.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #349
  • May 17, 2013 4:25am May 17, 2013 4:25am
Hi
AUD/USD SHORT @ 0.9833. Current Stop @ 0.9833

NZD/USD SHORT @ 0.8172 current stop @ 0.8172

EUR/JPY - NOTHING

EUR/USD - NOTHING

GBP/JPY - NOTHING

GBP/USD SHORT @ 1.5230 stop at 1.5325 [new entry)

Long USD/CAD @ 1.0173 Current Stop @ 1.0173

USD/CHF NOTHING

Long USD/JPY @ 102.322. Current Stop @ 101.817.

Gold - NOTHING
  • #350
  • May 17, 2013 4:35am May 17, 2013 4:35am
Quoting ilzalama
Hey all, I am getting messages at a steady pace about why its not working or what happens when the market is ranging. As for ranging markets, the market does not trend for ever. Since this is a trend catching method obviously it will not be as profitable when the market is ranging. As you must know, every system has a market nemesis. For this one its a ranging market. However that is when the Men are separated from the boys. Everyone is all happy and excited when the method they are using is working great. When they start losing or not getting pretty,...

I completely agree , I have been round the block too! I think this is where money management is going to come into play .

Hey ILz, if you dont mind , you have been using this system for a long time, and the last 2 weeks have been awesome because markets have trended so nicely. I think it will help the group , if you can explain in more detail how often you get runs like this . How often you are taking small wins/losses. So atleast everybody gets a reality check. Right now it feels trading is so easy , but when the going gets choppy, we dont want to be moving from one strategy to another, or one time frame to another.
  • #351
  • May 17, 2013 4:42am May 17, 2013 4:42am
Quoting ashtrader
Hi AUD/USD SHORT @ 0.9833. Current Stop @ 0.9833 NZD/USD SHORT @ 0.8172 current stop @ 0.8172 EUR/JPY - NOTHING EUR/USD - NOTHING GBP/JPY - NOTHING GBP/USD SHORT @ 1.5230 stop at 1.5325 [new entry) Long USD/CAD @ 1.0173 Current Stop @ 1.0173 USD/CHF NOTHING Long USD/JPY @ 102.322. Current Stop @ 101.817. Gold - NOTHING


-ILZ
“Control, control, you must learn control!” - Yoda
  • #352
  • May 17, 2013 4:53am May 17, 2013 4:53am
Quoting ashtrader
{quote} I completely agree , I have been round the block too! I think this is where money management is going to come into play . Hey ILz, if you dont mind , you have been using this system for a long time, and the last 2 weeks have been awesome because markets have trended so nicely. I think it will help the group , if you can explain in more detail how often you get runs like this . How often you are taking small wins/losses. So atleast everybody gets a reality check. Right now it feels trading is so easy , but when the going gets choppy, we dont...

That's a fair question. However, no matter what I answer, the future is unknown. It is easy to see the history however, just scroll back on your charts and you can see. It is easy to see entries & exits, easy to see where it was ranging. Seeing it yourself is better than I explain it with words.

I will give it a try. I kind of explained it before, "This method, in general, takes many small wins ( protecting capital) fair amount of double digit wins, a few large wins ( amounts in excess off 200 pips) and a rare massive win ( anything over 400 pips).

On the down side the losses are always kept to 100 pips ( 2%) but do not always get that far. There will be many small to average losses in the 30 to 60 pip range. Again this is over the last 24 months."

The longest ranging period I can remember was about a month but not on every single pair. For the must part though, some pairs will range for a week or so, while others trend, then they will reverse. I can not remember a time when every single pair I was watching was just ranging for a long period.

Hope that helps,

-ILZ
“Control, control, you must learn control!” - Yoda
  • #353
  • May 17, 2013 6:45am May 17, 2013 6:45am
Quoting games130
hey enochben, I think we are in same position.. greedy... and unwilling to take a loss. i think i have funded more then 6 accounts and busted them all in less then 2 months because i was greedy. i open big trades and pray for the big win - which dont happen. Now i am trying to follow Ilz rules because if u think about it... its better to earn 2-4% month rather then bust ur account and loose all ur money. with the 2-4% slowly after a few years... it will become a lot .. so be patience and dont risk too much. EDIT: ooo ya... i guess sometimes...
I am not new to trading... I am past the blown account stage, I have not blown an account in 3 years. When the market moves against me I always trade out. I have traded everything from cotton to cocoa to soy meal to treasury notes and once you put in enough screen time you start to see that all markets move in pretty predictable cycles. Every once in a while the market will move in an unpredictable manner - experience has taught me that it is best to be patient and wait until the market return to its cycles - in the cycle there are pushes up and pushes down - just like waves at the beach. These waves in different directions provide opportunities to scalp in both directions. I know everybody is not comfortable with scalping and thats ok. I'm just telling you what I do.
  • #354
  • May 17, 2013 7:05am May 17, 2013 7:05am
Trade Update (5AM PST Candle)

Short AUD/USD @ 0.97410. Current Stop @ 0.98410

EUR/JPY - NOTHING

EUR/USD - NOTHING

GBP/JPY - NOTHING

Short GBP/USD @ 1.52398. Current Stop @ 1.53240.

Long USD/CAD @ 1.02222. Current Stop @ 1.02252. +3 Secured

USD/CHF - NOTHING - Long USD/CHF @ 0.96432. Stopped @ 0.96472. +4 Realized.

Long USD/JPY @ 102.322. Current Stop @ 101.817.

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #355
  • May 17, 2013 7:07am May 17, 2013 7:07am
Quoting ilzalama
Trade Update (9PM PST Candle) Long AUD/USD @ 0.97410. Current Stop @ 0.98410 EUR/JPY - NOTHING EUR/USD - NOTHING GBP/JPY - NOTHING Short GBP/USD @ 1.52398. Current Stop @ 1.53240. Long USD/CAD @ 1.02222. Current Stop @ 1.01450. Long USD/CHF @ 0.96432. Current Stop @ 0.96462. +3 Secured Long USD/JPY @ 102.322. Current Stop @ 101.817. Gold - NOTHING -ILZ
Why not bought EJ at this candle?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 30 KB
  • #356
  • May 17, 2013 7:10am May 17, 2013 7:10am
Quoting pundit78
{quote} Why not bought EJ at this candle? {image}
hey pundit,

That candle on my chart is less than 30 pips away from that red resistance line. No go.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #357
  • May 17, 2013 7:31am May 17, 2013 7:31am
Quoting ilzalama
Trade Update (5AM PST Candle) Short AUD/USD @ 0.97410. Current Stop @ 0.98410 EUR/JPY - NOTHING EUR/USD - NOTHING GBP/JPY - NOTHING Short GBP/USD @ 1.52398. Current Stop @ 1.53240. Long USD/CAD @ 1.02222. Current Stop @ 1.02252. +3 Secured USD/CHF - NOTHING - Long USD/CHF @ 0.96432. Stopped @ 0.96472. +4 Realized. Long USD/JPY @ 102.322. Current Stop @ 101.817. Gold - NOTHING -ILZ
all nice trades...
  • #358
  • Edited 8:55am May 17, 2013 7:44am | Edited 8:55am
Quoting ilzalama
{quote} hey pundit, That candle on my chart is less than 30 pips away from that red resistance line. No go. -ILZ

Ilzama great....thanks, I bought it and lost 50 pips.
  • #359
  • May 17, 2013 8:18am May 17, 2013 8:18am
Hi ILZ

Why are we not taking the EURUSd, i have put an order if it pullback to 1.2837 i might get in, lets see
  • #360
  • May 17, 2013 8:35am May 17, 2013 8:35am
Quoting ilzalama
{quote} hey pundit, That candle on my chart is less than 30 pips away from that red resistance line. No go. -ILZ

ILZ, if candle is < then 30 pips away, but(as an example) next or second next candle closed > then 30 from the the same R/S, do you enter a trade or wait for breakout of this R/S to see what next trade will do?
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