{quote} I meant to say exit rather than stop loss............................how does the rest of my assessment fair RJ? Cheers J
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,321
- Jul 19, 2013 7:06am Jul 19, 2013 7:06am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
- #16,322
- Jul 19, 2013 7:12am Jul 19, 2013 7:12am
{quote} Your assessment is fine....the over-riding factor for me way the timing. It was too late in the Tokyo session to go against the 60+ pip move that Tokyo instigated. I'm not saying that your reasons are not valid, they are all fair enough reasons, but I wouldn't have even got that far into it because the timing was wrong. It's not often that you'll see Tokyo session undo what it has just done, in the same session.
J
Winning isnt everything but coming second sucks (Charlie Brown)
- #16,323
- Jul 19, 2013 7:14am Jul 19, 2013 7:14am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,325
- Jul 19, 2013 8:28am Jul 19, 2013 8:28am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} So the update on this is that I've only focused on the one pair for the last 9 or so days - EJ. Included in that was the weekend where I spent some time on the simulator and ran through about 20 or so days of trading. I have to say, for someone like me that was a huge benefit in terms of getting "instant" feedback. Sure you might not quite have the same level of information / tools as you would in live trading, but in terms of seeing how the pair's price action flowed, was a good way to learn. Most of you probably already know this, but...
I was trading for a long time the most yen cross pairs. But after a while i felt not very well, i start to shake and stress myself.
This i why i trade now just GJ, but with a higher Lotsize and i have to say, for me it was the best choice which i ever did.
- #16,328
- Jul 19, 2013 9:01am Jul 19, 2013 9:01am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Hi RJ, congratulations for your results and your work, i really appreciate it, and i'm following very closely. May i ask you what exactly means."Manage on the M15", can you elaborate a bit more please? For example, you close your trade when M15 stoch crosses? Thank you
The "Manage on the M15" question will be explained later as I get into the test next week
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,329
- Jul 19, 2013 9:15am Jul 19, 2013 9:15am
{quote} Thanks! This week has been hard because the M15 PA during my hours hasn't been too kind, but it's all ok because this is real life, so we have the 'ups' and the downs'....the week was still green so it's all ok. The "Manage on the M15" question will be explained later as I get into the test next week
I'm doing well too, thanks to genesis and all the things i've learned into this thread (and the italian thread where Wiz3003 writes), but it's less than half of your profits, and i'm happy anyway.
Ok i'll wait for your explanations.
Good week end to all
Ciao. Luca
Earthquake - well the obvious explanation is that NZ has too many Bledisloe Cups....NZ is too heavy....teetering on the edge.......
Great trading results again RJ - 5 trades with 301 pips - well done
My long awaited Marcel Link book has arrived from Traders Library (only 3 weeks to Oz). I foresee a reading weekend....see you all Monday.
PM1
Great trading results again RJ - 5 trades with 301 pips - well done
My long awaited Marcel Link book has arrived from Traders Library (only 3 weeks to Oz). I foresee a reading weekend....see you all Monday.
PM1
- #16,332
- Jul 20, 2013 7:04am Jul 20, 2013 7:04am
Earthquake - well the obvious explanation is that NZ has too many Bledisloe Cups....NZ is too heavy....teetering on the edge.......
J
Winning isnt everything but coming second sucks (Charlie Brown)
- #16,333
- Jul 20, 2013 6:01pm Jul 20, 2013 6:01pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Earthquake - well the obvious explanation is that NZ has too many Bledisloe Cups....NZ is too heavy....teetering on the edge.......
Great that you are now reading the book....I'm sure you'll find it interesting.
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} Just had another one this morning at 5.8 and one after that at 4.5.......spoilt my Sunday lie in!! I live about 10km (as the crow flies) from a major fault line so we get a few shakes from time to time. One day this place place will shake itself to bits and disappear under the ocean!!....lol..... Great that you are now reading the book....I'm sure you'll find it interesting.
I'm enjoying the book. Some interesting points made about the mindset and behaviours required for HPTrading. A good read. Now off to do Sunday chores then trade recaps for the week this arvo.
PM1
- #16,335
- Jul 20, 2013 6:32pm Jul 20, 2013 6:32pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Must be a very uneasy feeling, the earth moving beneath your feet. As long as your house is made out of jelly all should be good.
Sunday chores for me too and then off to get some fresh air before making a start on my M15 analysis.....
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,336
- Jul 21, 2013 12:30am Jul 21, 2013 12:30am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,337
- Jul 21, 2013 1:45am Jul 21, 2013 1:45am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
M15 Test Conclusion
Attached is a PDF with the results and analysis of the M15 test I have been doing for the last 4 weeks. The PDF is not as professional as Wiz3003 can produce, but I hope you'll be able to understand it anyway!
In the document you will see the dilemma of M5 vs M15 trading. Both have their advantages and disadvantages. It's my intention to start a new 4 week test, beginning at market open to explore a way to combine the M5 and m15 in a way that is a little different to the way we have looked at the 15 - 5 method, which is already documented and available from Post #1.
I'll explain more about that as we go....in the meantime, I hope the PDF is of some interest
Attached is a PDF with the results and analysis of the M15 test I have been doing for the last 4 weeks. The PDF is not as professional as Wiz3003 can produce, but I hope you'll be able to understand it anyway!
In the document you will see the dilemma of M5 vs M15 trading. Both have their advantages and disadvantages. It's my intention to start a new 4 week test, beginning at market open to explore a way to combine the M5 and m15 in a way that is a little different to the way we have looked at the 15 - 5 method, which is already documented and available from Post #1.
I'll explain more about that as we go....in the meantime, I hope the PDF is of some interest
Doing what you like is Freedom. Liking what you do is Happiness.
M15 Test Conclusion Attached is a PDF with the results and analysis of the M15 test I have been doing for the last 4 weeks. The PDF is not as professional as Wiz3003 can produce, but I hope you'll be able to understand it anyway! In the document you will see the dilemma of M5 vs M15 trading. Both have their advantages and disadvantages. It's my intention to start a new 4 week test, beginning at market open to explore a way to combine the M5 and m15 in a way that is a little different to the way we have looked at the 15 - 5 method, which is already...
PM1
