Disliked{quote} I meant to say exit rather than stop loss............................how does the rest of my assessment fair RJ? Cheers JIgnored
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Disliked{quote} I meant to say exit rather than stop loss............................how does the rest of my assessment fair RJ? Cheers JIgnored
Disliked{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.Ignored
Disliked{quote} Ill chime in if its ok too 1. your stop loss was too tight. Lows and highs often get re-tested before heading off in another direction. 2. I would have waited to see another re-test of the DP before considering opening a position here. Price often reacts to DPs but S/R zones carry much more power in my book. You will find much bigger groups of Bears or Bulls gathering at S/R zones than at DPs. 3. I always look at how much travelling price does in a full Stoch move from top to bottom and vice versa (see chart attached and note how much price...Ignored
DislikedHere are the quick results of week 4. I'll write a document with some more in depth analysis, but I have a busy weekend ahead of me so I may not get it done this weekend. Next week I will be starting a 4 week test of 'Enter of the M5 and Manage on the M15' Number of Trades Taken: 5 Win / Loss rate: 5 / 0 Biggest single trade gain: +82 Biggest single loss: - Nett profit: +301pips Average pips / day : 60.2Ignored
Disliked{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...Ignored
Disliked{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 youIgnored
Disliked{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 weekIgnored
DislikedEarthquake - 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. PM1Ignored
DislikedEarthquake - 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. PM1Ignored
Disliked{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.Ignored
Disliked{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. 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. PM1Ignored
DislikedM15 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...Ignored
DislikedM15 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...Ignored
DislikedM15 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...Ignored