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All Indicators Trading system

  • #1,681
  • Oct 13, 2013 7:12am Oct 13, 2013 7:12am
Quoting Eur Usd
{quote} why are you topping up? some time ago you said you will have 40k by January and now you add £300 to your account? what will it change except fact that you may loose it as you can't keep consistent profit? and last but not least - when will you understand that there are no shortcuts, that there are no get rich fast methods other than pure luck? I'm not saying you won't achieve your goal, I am saying it will take much longer than you think - face it, give yourself 10 years - that's what I did. and next time when you'll have a great idea of...
and below is a version of how tafa will read what I wrote:
I've been trading 1 year less than you tafa, what means I know fuck all about trading and it is not worth listening to me. you read one book about trading so you know better than me, keep marching, keep chasing 50% a day profit trades - you are great, it is the market that is at fault, but some day you will stomp hard and the market will start listening to you, you are great, I know nothing.
Wishing you 100% profit tomorrow, and at least 1000000% profit by the end of the week - I know you can do it
PS. btw topping up your account with 300quid was ace, it changes so much in your trading. great mm

On my way to financial independence - if others can do it - I can do it
  • #1,682
  • Oct 13, 2013 7:15am Oct 13, 2013 7:15am
Quoting Eur Usd
{quote} ..... and as you like excel so much open an excel and count how far you would be if you woud stick to getting out from trade after getting 3% a day - assuming that you'd stick to it for just 3 months, you would be somewhere around 20k now,.........
That's why I started the 1-1 target tab in that document.It's exactly for that purpose .I believe I can do it .I had a choice of putting that money in to my savings account and let it earn 3% per annum , or top up and earn 9% per week , and the choice became obvious .
  • #1,683
  • Oct 13, 2013 7:18am Oct 13, 2013 7:18am
Quoting tafadzwa02
{quote} That's why I started the 1-1 target tab in that document.It's exactly for that purpose .I believe I can do it .I had a choice of putting that money in to my savings account and let it earn 3% per annum , or top up and earn 9% per week , and the choice became obvious .
I don't read your file, I opened it maybe twice over the time I've been here
On my way to financial independence - if others can do it - I can do it
  • #1,684
  • Oct 13, 2013 7:20am Oct 13, 2013 7:20am
Quoting tafadzwa02
{quote}I had a choice of putting that money in to my savings account and let it earn 3% per annum , or ...... , and the choice became obvious .
...or lose it all in silly way and the choice is obvious
besides it is hard to find even 3% profit saving accounts these days
On my way to financial independence - if others can do it - I can do it
  • #1,685
  • Oct 15, 2013 2:03am Oct 15, 2013 2:03am
it is silly, I can give great advices for other trades and I cannot stick to them. I blew 50% of my account yesterday - to prevent it in the future I lowered leverage to 1:20 - it will allow me to open only 2 positions at the time. also testing on demo scalping - hope it works fine
also see that it will take me years to get financial independence (10 to 15 years probably) - I keep thinking about side business - we'll see
On my way to financial independence - if others can do it - I can do it
  • #1,686
  • Oct 16, 2013 4:46am Oct 16, 2013 4:46am
Quoting Eur Usd
it is silly, I can give great advices for other trades and I cannot stick to them. I blew 50% of my account yesterday - to prevent it in the future I lowered leverage to 1:20 - it will allow me to open only 2 positions at the time. also testing on demo scalping - hope it works fine also see that it will take me years to get financial independence (10 to 15 years probably) - I keep thinking about side business - we'll see
Doing silly stuff like that is truly past me now.I have had a bad experience.There are a few things that have made me come to my senses and maybe if I share them with you, they might help you
1.
I have a system which I have not really followed for quite sometime .I have however been recording how my system performs and how I perform, and Its quite clear that my performance is well below my system .I cleared my spreadsheet to start afresh and , again , mys system got the better of me .This made me realize that I just needed to follow my system , whatever happens , which is what I am doing now.
Whatever you do , you need to record everything , keep a log and , in the end , you will notice that this log will influence your decision making , e.g if a certain signal keeps losing , and you have the log about it , when you see it , you just leave it ,the opposite is true.
2.

I have seen "clear cut " system trades which I have failed to take because I have taken a "gamble non system" trade .This "gamble" trades have literally cost me a lot , not only in terms of money , but emotion , time , and unnecessary distress .I have come to realize that no matter what , if you take a "gamble" trade and win , and if you keep doing that , in the end , you will end up being a loser .These "gamble non system " trades cost more than you think .They have a negative effect down the line.I just have to stop them , and I did.



Believe what you want to believe in this post , but you will see a great deal of difference in not only the number of my trades per week , but also the growth of my account , and even my performance vs my system performance.I must admit it takes a while a several vows to come to where I am , its not easy.You will break these rules so many times until a certain point where you just have had it and from then on , you will become a pro like me


HAPPY TRADING

  • #1,687
  • Oct 16, 2013 5:20am Oct 16, 2013 5:20am
look at my trade step by step: http://www.forexfactory.com/showthre...08#post7029108
On my way to financial independence - if others can do it - I can do it
  • #1,688
  • Oct 17, 2013 12:33pm Oct 17, 2013 12:33pm
Quoting Eur Usd
it is silly, I can give great advices for other trades and I cannot stick to them. I blew 50% of my account yesterday - to prevent it in the future I lowered leverage to 1:20 - it will allow me to open only 2 positions at the time. also testing on demo scalping - hope it works fine also see that it will take me years to get financial independence (10 to 15 years probably) - I keep thinking about side business - we'll see
The flaw I see in your strategy is that you limit your upside by taking profits early, but no limit for downside when you're losing.
Fear prevent possibilities, and so does Greed
  • #1,689
  • Oct 18, 2013 4:50am Oct 18, 2013 4:50am
Quoting xtrader101
{quote} The flaw I see in your strategy is that you limit your upside by taking profits early, but no limit for downside when you're losing.
Those selling GBP/AUD beware , my signals are telling me otherwise , at least until it reaches 1.6852 where my signals are also telling the selling pressure starts.BEWARE
  • #1,690
  • Edited 5:45am Oct 18, 2013 5:35am | Edited 5:45am
Quoting tafadzwa02
{quote} Those selling GBP/AUD beware , my signals are telling me otherwise , at least until it reaches 1.6852 where my signals are also telling the selling pressure starts.BEWARE
Noted, i'm on the short side, but closed one position as the price keep bouncing for the last few hours. Two positions remains until stopped out or TP, whichever comes first.

The low on 8/12/2013 is keeping the lid to the upside. Time will tell.

If the current 1HR bar closes in green, it would look like that it bounces from the hourly trend line, so I might hedge my short.
Fear prevent possibilities, and so does Greed
  • #1,691
  • Oct 18, 2013 6:25am Oct 18, 2013 6:25am
Quoting xtrader101
{quote} Noted, i'm on the short side, but closed one position as the price keep bouncing for the last few hours. Two positions remains until stopped out or TP, whichever comes first. The low on 8/12/2013 is keeping the lid to the upside. Time will tell. If the current 1HR bar closes in green, it would look like that it bounces from the hourly trend line, so I might hedge my short.
I have a bad feeling about this trade.It has the potential of hitting my stop and move in my direction , Will see
  • #1,692
  • Oct 19, 2013 6:55am Oct 19, 2013 6:55am
I am +/-£100 risk per trade this week . Please check attached for more info
Attached File(s)
File Type: xls Actual Vs Projection-Week Commencing 20-10-2013.xls   415 KB | 190 downloads
  • #1,693
  • Oct 21, 2013 9:22pm Oct 21, 2013 9:22pm
GBPAUD is testing my patience for the last 16 hours. It is not moving at all. Move either way, I don't care which way, just move.
Fear prevent possibilities, and so does Greed
  • #1,694
  • Oct 22, 2013 1:08am Oct 22, 2013 1:08am
Quoting xtrader101
GBPAUD is testing my patience for the last 16 hours. It is not moving at all. Move either way, I don't care which way, just move.

I know the feeling , I know exactly how you feel , and worse if it decides to fake a move down and you sell it , then it reverses.At that point you begin to doubt , then it moves 300 pips and you are not in .Typical market.Its all about patience
  • #1,695
  • Oct 22, 2013 1:21am Oct 22, 2013 1:21am
Quoting tafadzwa02
{quote} I know the feeling , I know exactly how you feel , and worse if it decides to fake a move down and you sell it , then it reverses.At that point you begin to doubt , then it moves 300 pips and you are not in .Typical market.Its all about patience
My system is nowhere a sell at this point. If I get stopped out of my longs then it will be stopped out. If it gets back up then I will re-enter again if it breaks 1.6665 then I'll stay on the sideline and sleep until tomorrow and see what it brings.
Fear prevent possibilities, and so does Greed
  • #1,696
  • Oct 22, 2013 1:53am Oct 22, 2013 1:53am
Quoting xtrader101
{quote} My system is nowhere a sell at this point. If I get stopped out of my longs then it will be stopped out. If it gets back up then I will re-enter again if it breaks 1.6665 then I'll stay on the sideline and sleep until tomorrow and see what it brings.
Same here , I don't have signals to sell GBPAUD at all anywhere near the market price , I don't have any to buy either so I am out of this one for this week , but you never know .Watch NON-FARM today , might bring surprises , will see
  • #1,697
  • Oct 23, 2013 1:45am Oct 23, 2013 1:45am
Tough market this is
  • #1,698
  • Edited 2:40am Oct 23, 2013 2:07am | Edited 2:40am
Quoting tafadzwa02
Tough market this is
I had longs stopped out then I re-entered at 1.6682 with only one position then it shot up for 150 pips. I still hold my position and added one more for a TP above 1.6930. It looks like 4HR and daily candles is poised for a rebound.

GBPAUD is funny. It shots up for 150 pips then retrace by 120 pips in just a matter of hours. Now it looks like the retrace stopped at 61.8 fib.
Fear prevent possibilities, and so does Greed
  • #1,699
  • Oct 23, 2013 2:11am Oct 23, 2013 2:11am
I just added GU for my pair to trade, but this pair is for long-term trade (Conservative account) targeting over 300 pips. I just need confirmation for the stoch divergence at close at 5:00 AM EST to add two more shorts.
Fear prevent possibilities, and so does Greed
  • #1,700
  • Oct 23, 2013 11:51am Oct 23, 2013 11:51am
Quoting xtrader101
{quote} I had longs stopped out then I re-entered at 1.6682 with only one position then it shot up for 150 pips. I still hold my position and added one more for a TP above 1.6930. It looks like 4HR and daily candles is poised for a rebound. GBPAUD is funny. It shots up for 150 pips then retrace by 120 pips in just a matter of hours. Now it looks like the retrace stopped at 61.8 fib.
Its on the UP until 1.7033 , I am on it trailing my stop.I wanted it at about 10pips above today's low but was asleep, nway This market is here to stay , its not going anywhere so will see how it goes


Quoting xtrader101
I just added GU for my pair to trade, but this pair is for long-term trade (Conservative account) targeting over 300 pips. I just need confirmation for the stoch divergence at close at 5:00 AM EST to add two more shorts.
GU is not an easy pair , Its my worst performing , together with EURUSD , I don't know why .Its just all over the place most of the time.
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