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All Indicators Trading system

  • #1,581
  • Sep 10, 2013 10:45am Sep 10, 2013 10:45am
Quoting tafadzwa02
{quote} Not yet , I am still surviving , only just
but admit - you did overleverage today ;-)
how many pips is your s/l?
I did modify my method - my position is 2wice smaller, my s/l is twice wider, so now it is 15pips of sl at 1% or bit less of risk. I expect it will have positive influence on my trading. loses will be less painful
On my way to financial independence - if others can do it - I can do it
  • #1,582
  • Sep 10, 2013 2:14pm Sep 10, 2013 2:14pm
Quoting Eur Usd
{quote} but admit - you did overleverage today ;-) how many pips is your s/l? I did modify my method - my position is 2wice smaller, my s/l is twice wider, so now it is 15pips of sl at 1% or bit less of risk. I expect it will have positive influence on my trading. loses will be less painful
I have a feeling these GBPAUD trades will lose , the only thing is I can't move my stop again , my risk is now too much on one trade , IO should not have move my stop but its done now so I will just wait and get stopped out ,Lessons learn't.
The sad thing is that all my gains from yesterday will be wiped out by my lack of discipline
You problem will be growth , the less risk , the less money , the more time it will take to grow.You need a lot of patience
  • #1,583
  • Sep 10, 2013 2:44pm Sep 10, 2013 2:44pm
Quoting tafadzwa02
You problem will be growth , the less risk , the less money , the more time it will take to grow.You need a lot of patience
life is about hapiness not about money. besides there were times when I could do up to 9% profit, so on good days now I will have let's say 4% profit, on worse let's say 1% - now open excel - I can trade about 100-120 days a year - over few years such mm will give nice profits.
and for get rich fast: http://www.forexfactory.com/showthre...67#post6950467
On my way to financial independence - if others can do it - I can do it
  • #1,584
  • Sep 10, 2013 8:48pm Sep 10, 2013 8:48pm
Quoting tafadzwa02
{quote} I have a feeling these GBPAUD trades will lose , the only thing is I can't move my stop again , my risk is now too much on one trade , IO should not have move my stop but its done now so I will just wait and get stopped out ,Lessons learn't. The sad thing is that all my gains from yesterday will be wiped out by my lack of discipline You problem will be growth , the less risk , the less money , the more time it will take to grow.You need a lot of patience
I do not have a "FEELING", but I see a PROBABILITY that it will end up in a gain. I do not know how many pips. I am not saying this because I am also long, 2 positions below below 1.69 and one just over 1.69 and I am holding this for over 100 pips or get stopped out just 5 pips below the cluster of 4hr candles. My basis is the price action on the 4hr, however, there is NO GUARANTEE in this business, so trade accordingly.
Fear prevent possibilities, and so does Greed
  • #1,585
  • Edited 2:06am Sep 11, 2013 1:50am | Edited 2:06am
Quoting xtrader101
{quote} I do not have a "FEELING", but I see a PROBABILITY that it will end up in a gain. I do not know how many pips. I am not saying this because I am also long, 2 positions below below 1.69 and one just over 1.69 and I am holding this for over 100 pips or get stopped out just 5 pips below the cluster of 4hr candles. My basis is the price action on the 4hr, however, there is NO GUARANTEE in this business, so trade accordingly.
My "FEELING" is not random , its based on PA , S/R , etc .I have no confidence anymore , PA is not convincing .There is GBP news @9:30 and all the GBP pairs look bearish .I have moved my stop to reduce risk
  • #1,586
  • Edited 2:39am Sep 11, 2013 2:25am | Edited 2:39am
Quoting tafadzwa02
{quote} My "FEELING" is not random , its based on PA , S/R , etc .I have no confidence anymore , PA is not convincing .There is GBP news @9:30 and all the GBP pairs look bearish .I have moved my stop to reduce risk
It's not a loss or win until you close it. It is not a good trading mentality to conclude, whether is it a win or loss, when the trade is still going. If you really thought that it is already a loss, then better close it now to limit the loss or get break even.
Fear prevent possibilities, and so does Greed
  • #1,587
  • Sep 11, 2013 9:05am Sep 11, 2013 9:05am
Patience pays a lot. Outta boy.
Fear prevent possibilities, and so does Greed
  • #1,588
  • Sep 11, 2013 9:28am Sep 11, 2013 9:28am
Keep up the good work, lots of improvement, now you cut your losses and your winner run, good job buddy. Don't matter what you do as long as you are making money and also don't forget to enjoy the process of making it too.
  • #1,589
  • Sep 11, 2013 10:13am Sep 11, 2013 10:13am
Quoting xtrader101
Patience pays a lot. Outta boy.
Well , I didn't get this comment ? I have been patient the GBPAUD trade was exited on my exit signals after running for 31Hrs , currently GBPUSD , has been running for 2 Days solid and will exit when my stop is hit , again , I will use my exit signals .

Quoting macsoj
Keep up the good work, lots of improvement, now you cut your losses and your winner run, good job buddy. Don't matter what you do as long as you are making money and also don't forget to enjoy the process of making it too.
Man , I have come a long way as you know . I withdrew £280 in the last week or so , just to enjoy myself .I strongly believe what's in the spreadsheet ,
i.e £45 000 by February next year is achievable , will see
  • #1,590
  • Sep 11, 2013 10:42am Sep 11, 2013 10:42am
looks good - maybe you'll hit 5k today.
what are your entry signals? and what is your s/l?

last night I did test my s/l - it is comfortable to loose only 0.9% of account. I was also trading GU long and it shut me this morning just to go up. but I don't trade at work - it is one of my rules so will wait till tomorrow and will see how my new s/l and mm works. of course entries with dance rules and PA
On my way to financial independence - if others can do it - I can do it
  • #1,591
  • Sep 11, 2013 10:53am Sep 11, 2013 10:53am
Quoting Eur Usd
looks good - maybe you'll hit 5k today. what are your entry signals? and what is your s/l? last night I did test my s/l - it is comfortable to loose only 0.9% of account. I was also trading GU long and it shut me this morning just to go up. but I don't trade at work - it is one of my rules so will wait till tomorrow and will see how my new s/l and mm works. of course entries with dance rules and PA
My signals are simple , based on Bill Williams Chaos Theory.They however use ALL INDICATORS , PA, S/R,Pivots , Fibs , etc .I try to set my stop to 30pips or less , but sometimes my discipline lets me down , and I start moving them further . I also try to limit my risk to 2.4% per trade no matter my ££ per pip , but again , I am still struggling with discipline on this one .I don't like losing , so whatever % is not good .
  • #1,592
  • Sep 11, 2013 11:00am Sep 11, 2013 11:00am
Quoting tafadzwa02
{quote} My signals are simple , based on Bill Williams Chaos Theory.They however use ALL INDICATORS , PA, S/R,Pivots , Fibs , etc .I try to set my stop to 30pips or less , but sometimes my discipline lets me down , and I start moving them further . I also try to limit my risk to 2.4% per trade no matter my ££ per pip , but again , I am still struggling with discipline on this one .I don't like losing , so whatever % is not good .
I do use daily pivot's s and r 1 and 2, also check s/r on the chart and mix it with dance rules. for example some pa on touch of 10 ema is a good signal. lack of patience looses me.

I think also about starting to gamble on commmodities. entries will be with dance rules, but the account will be small like 5Quid, all ammount will be in use and will hunt for high returns without s/l - so it will be gambling not trading - even 10 good trades in a row is a lot of money - rather difficult to achieve and depends on luck - but worth to try ;-)
On my way to financial independence - if others can do it - I can do it
  • #1,593
  • Sep 11, 2013 11:02am Sep 11, 2013 11:02am
Quoting tafadzwa02
...Fibs.
how do you set fibs? I coul;d never do them. I have a tool on oanda that allows me to draw fibs but I dont know where to start drawing them and where to finish - I know the rest and I know it is populat in many methods.
On my way to financial independence - if others can do it - I can do it
  • #1,594
  • Sep 11, 2013 11:31am Sep 11, 2013 11:31am
Quoting tafadzwa02
{quote} My signals are simple , based on Bill Williams Chaos Theory.They however use ALL INDICATORS , PA, S/R,Pivots , Fibs , etc .I try to set my stop to 30pips or less , but sometimes my discipline lets me down , and I start moving them further . I also try to limit my risk to 2.4% per trade no matter my ££ per pip , but again , I am still struggling with discipline on this one .I don't like losing , so whatever % is not good .

indeed...i am curious too about entry signals..
this AU short was almost perfect entry...and i cant figure out how did you enter...i even dropped to 5m to see...and nothing

anyway...keep up the good work
  • #1,595
  • Sep 11, 2013 1:18pm Sep 11, 2013 1:18pm
Quoting bradu
{quote} indeed...i am curious too about entry signals.. this AU short was almost perfect entry...and i cant figure out how did you enter...i even dropped to 5m to see...and nothing anyway...keep up the good work
That trade lost in the end .There are no guarantees here .I had entered in on clustering of candles @ 4 Hrs with 15 Min exit , 20 pip target , 20 pips stop , It didn't work.GBPUSD is pushing other dollar pairs up that's the trouble.
  • #1,596
  • Sep 12, 2013 2:34am Sep 12, 2013 2:34am
Crazy stuff , EURJPY , hit my stop only to shoot up straight after , crazy , I tell you
  • #1,597
  • Sep 12, 2013 5:53am Sep 12, 2013 5:53am
China is spending up big again... while the USA is threatening to wind down easy money and going to a new war at the same time, China is winding up the printing presses again/evenmore.

The world is a crazy place of late.
In the days of old when sailors were bold, and seldom if ever contented.
  • #1,598
  • Sep 12, 2013 6:41am Sep 12, 2013 6:41am
Quoting pt49
China is spending up big again... while the USA is threatening to wind down easy money and going to a new war at the same time, China is winding up the printing presses again/evenmore. The world is a crazy place of late.
What effect is this on currencies ? got no Idea
  • #1,599
  • Sep 12, 2013 11:27am Sep 12, 2013 11:27am
good day today. 9.5% profit. lower position size with wider s/l works great, also on silver. got some loses on EUR/AUD, but looks like it's easier to cope with loses when they are around 1%.
On my way to financial independence - if others can do it - I can do it
  • #1,600
  • Sep 12, 2013 11:28am Sep 12, 2013 11:28am
Quoting pt49
China is spending up big again... while the USA is threatening to wind down easy money and going to a new war at the same time, China is winding up the printing presses again/evenmore. The world is a crazy place of late.

you were doing so good, what had happened?
On my way to financial independence - if others can do it - I can do it
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