{quote} Well, wait untill AFTER the news. It is easy to drive the account against the wall...I did it several times in the past; very easy... My last trade for this week now: = + 51 pips. {image}
Good trade!
- #17,242
- Aug 23, 2013 2:56pm Aug 23, 2013 2:56pm
{quote} Well, wait untill AFTER the news. It is easy to drive the account against the wall...I did it several times in the past; very easy... My last trade for this week now
My Matrix and ASCT have some conflicting signals compared to yours
Anyone care to comment?
Cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
- #17,245
- Aug 24, 2013 9:06am Aug 24, 2013 9:06am
{quote} Is your ASCTrend matrix set up the same as jalkok? (Can't tell from your image). i.e. Jalkok's shows m5, m15 , h1 , h4 If it is, then it's only the h4 that is different. h4 candles vary because it is all dependent on the server time. i.e. Jalkok's 4 hour candle appears to have started at 16:00 on his server time, which appears to be 17:00 on your server time ... i.e. when his candle finished and changed, you were already 1 hour into a new 4 hour candle ... hence, it didn't change on yours until that h4 candle finished As regards to the Genesis...
Cheers and a nice weekend to you all
.
There`s no life before COFFEE!
- #17,246
- Aug 24, 2013 8:31pm Aug 24, 2013 8:31pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Ok, here is the 515 PDF. It's not anything that you don't already know, but it might be interesting to some. For me.....this is the best way to trade because it means that when we are presented with a decent move, we should be able to gain maximum pips from it. I have touched on scaling in further entries on the same move, but this is a subject that needs it's own PDF because the subject is quite a lot to go through if we are to scale in safely. I'll start putting that document together soon 
In the meantime......this any (or may not) be useful.
In the meantime......this any (or may not) be useful.
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,247
- Aug 25, 2013 12:52am Aug 25, 2013 12:52am
- | Joined Feb 2011 | Status: Carpe diem | 630 Posts
Ok, here is the 515 PDF. It's not anything that you don't already know, but it might be interesting to some. For me.....this is the best way to trade because it means that when we are presented with a decent move, we should be able to gain maximum pips from it. I have touched on scaling in further entries on the same move, but this is a subject that needs it's own PDF because the subject is quite a lot to go through if we are to scale in safely. I'll start putting that document together soon
Bummer result last night..............but the better team did win. Enjoy the rest of your weekend.
PM1
- #17,248
- Aug 25, 2013 9:07am Aug 25, 2013 9:07am
Ok, here is the 515 PDF. It's not anything that you don't already know, but it might be interesting to some. For me.....this is the best way to trade because it means that when we are presented with a decent move, we should be able to gain maximum pips from it. I have touched on scaling in further entries on the same move, but this is a subject that needs it's own PDF because the subject is quite a lot to go through if we are to scale in safely. I'll start putting that document together soon
j
There`s no life before COFFEE!
- #17,250
- Aug 25, 2013 5:29pm Aug 25, 2013 5:29pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Thanks RJ.
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,251
- Aug 25, 2013 5:31pm Aug 25, 2013 5:31pm
- 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.
- #17,252
- Aug 25, 2013 6:51pm Aug 25, 2013 6:51pm
- 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.
- #17,253
- Aug 25, 2013 9:26pm Aug 25, 2013 9:26pm
{quote} RD1 If your profile is correct you are in the same timezone as me, well quite close anyway. I look at the first 1.5hrs of Tokyo session and if there is nothing happening go and complete all chores before LO. That gives me heaps of time to get everything done. The same with London session if nothing is setting up as per trade rules then you have time to do other things even at night. After reading RJ's posts he is very picky with trades and I have become that way as well, so if it is not "picture perfect" for me I don't trade. No one is...
Hi, again. I just wanted to post this if it might help someone studying this method (as I still am). Look for reasons NOT to take the trade!
I spent many hours this weekend analyzing the prior week's signals, as I am doing every week now (funny, I'm starting to become profitable since I started doing that
, probably because I'm building confidence in the signals.) It's great when I'm looking for setups and see a trade on the chart that I took; that means I'm doing it right. I'm looking at times I COULD be trading: Asia/NY or London, but I can't trade them all (and don't want to). I trade the first 4 hours of Tokyo plus the 2 hours before, except Sunday/Monday, and the first 4 hours of NY, minus the first hour because I'm not up yet. I also analyzed the first 4 hours of London plus Frankie. I found 85 Genesis signals in all, well, minus 7 or 8 for NY lunch that I was considering, but NOoooo. All these REQUIRE the M15 stoch to be above 80 or below 20 and this is the FIRST signal ONLY, until it is above 80 or below 20 again; I'm not ready to try re-entry signals yet. A few more can be removed because the M15 Stoch didn't break below 80 or above 20. Then there are those that BARELY broke the line(s); not a strong signal. I also decided to restrict the Max and Min SL I would accept, because I use a set TP. Other restrictions like HL or LH matching M15 Stoch OR M15 Stoch divergence.
After eliminating all those, I ended up with 16 trades out of 59 signals in Asia/NY and 11 out of 26 in London. I also saw one post from RJ talking about waiting for pullback, and I have been testing that for a while now and trading it live. I decided the best for me was a 25% pullback from the signal toward SL. This reduces my Asia/NY trades to 9 and London to 7! AND the pullback has always tested equal or more profitable with less trades. And the best part is you don't have to rush to place the trade or worry about missing it. I only wait the next 4 bars and if it doesn't pullback, I cancel the order. A large majority of the time, if it pulls back after that, it will lose.
So my REAL results from last week? I posted one trade earlier. Out of 9 possible trade I only took 4: 3 winners and 1 loser. I missed several because I was driving to work or home but the end result was the same... 5% for the week based on 1% risk per trade. Am I happy? YOU BET! I know people that make more but this kind of result will let me leave my job in 6 months, and I can live with that. (more would be quicker
)
If I had taken all 85 signals? Besides losing sleep I would be down between -6 and -11% for the week. Look for reasons NOT to take the trade!
Looking forward to studying your 515 test, RJ. Thanks!
Now if EJ can only break below the BRN of 132 for my short trade from 132.155
I spent many hours this weekend analyzing the prior week's signals, as I am doing every week now (funny, I'm starting to become profitable since I started doing that
, probably because I'm building confidence in the signals.) It's great when I'm looking for setups and see a trade on the chart that I took; that means I'm doing it right. I'm looking at times I COULD be trading: Asia/NY or London, but I can't trade them all (and don't want to). I trade the first 4 hours of Tokyo plus the 2 hours before, except Sunday/Monday, and the first 4 hours of NY, minus the first hour because I'm not up yet. I also analyzed the first 4 hours of London plus Frankie. I found 85 Genesis signals in all, well, minus 7 or 8 for NY lunch that I was considering, but NOoooo. All these REQUIRE the M15 stoch to be above 80 or below 20 and this is the FIRST signal ONLY, until it is above 80 or below 20 again; I'm not ready to try re-entry signals yet. A few more can be removed because the M15 Stoch didn't break below 80 or above 20. Then there are those that BARELY broke the line(s); not a strong signal. I also decided to restrict the Max and Min SL I would accept, because I use a set TP. Other restrictions like HL or LH matching M15 Stoch OR M15 Stoch divergence.After eliminating all those, I ended up with 16 trades out of 59 signals in Asia/NY and 11 out of 26 in London. I also saw one post from RJ talking about waiting for pullback, and I have been testing that for a while now and trading it live. I decided the best for me was a 25% pullback from the signal toward SL. This reduces my Asia/NY trades to 9 and London to 7! AND the pullback has always tested equal or more profitable with less trades. And the best part is you don't have to rush to place the trade or worry about missing it. I only wait the next 4 bars and if it doesn't pullback, I cancel the order. A large majority of the time, if it pulls back after that, it will lose.
So my REAL results from last week? I posted one trade earlier. Out of 9 possible trade I only took 4: 3 winners and 1 loser. I missed several because I was driving to work or home but the end result was the same... 5% for the week based on 1% risk per trade. Am I happy? YOU BET! I know people that make more but this kind of result will let me leave my job in 6 months, and I can live with that. (more would be quicker
)If I had taken all 85 signals? Besides losing sleep I would be down between -6 and -11% for the week. Look for reasons NOT to take the trade!
Looking forward to studying your 515 test, RJ. Thanks!
Now if EJ can only break below the BRN of 132 for my short trade from 132.155
- #17,256
- Aug 25, 2013 9:43pm Aug 25, 2013 9:43pm
- 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.
Ok, here is the 515 PDF. It's not anything that you don't already know, but it might be interesting to some. For me.....this is the best way to trade because it means that when we are presented with a decent move, we should be able to gain maximum pips from it. I have touched on scaling in further entries on the same move, but this is a subject that needs it's own PDF because the subject is quite a lot to go through if we are to scale in safely. I'll start putting that document together soon
Thanks RJ for all your time and effort on these pdfs....
- #17,259
- Edited Aug 26, 2013 12:37am Aug 25, 2013 11:18pm | Edited Aug 26, 2013 12:37am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Thanks RJ for all your time and effort on these pdfs....
The next one, which will be about scaling in / pyramiding will take a bit longer as there is more to it, but it will go hand-in-hand quite well with the 515 method I think....
Doing what you like is Freedom. Liking what you do is Happiness.