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All Indicators Trading system

  • #1,761
  • Nov 7, 2013 2:17pm Nov 7, 2013 2:17pm
Quoting xtrader101
{quote} Don't kick yourself, the market behaves the way it like. I had over 100 pips gain for my EJ trades, but GBP is crazy as hell, it almost reach my usual TP of 100 pips then reversed right away, so only few pips gain on GA and over 50 with GU.
Its OK if after all the chaos , you have something .The pain is when you lose and the market has moved as much as it has today .Its going to take a few days for it to resume moving again .Its going to be quiet for a whole and even harder to make money
  • #1,762
  • Nov 7, 2013 2:49pm Nov 7, 2013 2:49pm
Quoting tafadzwa02
{quote} Its OK if after all the chaos , you have something .The pain is when you lose and the market has moved as much as it has today .Its going to take a few days for it to resume moving again .Its going to be quiet for a whole and even harder to make money
That's when utmost patience comes in. Also, that's why I take my signals all the time because I just do not know when the big move comes. In my EJ trades last night, I got stopped out four times, but since my stop loss are small and I let my winners run, I recovered the four stopped out trades plus some gain. If I did not take the third signal, I would have missed the big move.
Fear prevent possibilities, and so does Greed
  • #1,763
  • Nov 7, 2013 2:53pm Nov 7, 2013 2:53pm
I lost only 1.1% today. I did short EJ with 60pips tp and 15pips s/l - it has hit my s/l then went my direction
shit happens
On my way to financial independence - if others can do it - I can do it
  • #1,764
  • Nov 8, 2013 4:59pm Nov 8, 2013 4:59pm
I am on +/-£130 risk per trade. Please check attached for more info.I can't believe my discipline these days , Its amazing
Attached File(s)
File Type: xls Actual Vs Projection-Week Commencing 10-11-2013.xls   463 KB | 160 downloads
  • #1,765
  • Nov 9, 2013 3:32am Nov 9, 2013 3:32am
You had discipline but lacked of luck. what I noticed is that you lose when you're too confident - you said it will be your week and you had not a single winning day, the overconfidence kills you.
If I can recommend you something - lower down risk to 1%, and widen your s/l twice of current size (market often hits your s/l and then moves the way you traded) - it will reduce your loses and will work good for your mentality - the position size will be 1/6 of your current position but even if you'll earn 10% a month it will be worth it, eventually if you want bigger risk - just widen the s/l and reduce the position to 1/2 of current.
and drop this attitude of: I will earn 40k till January - so far you are standing in one place, one step forward, one step back, your account grows only because you keep adding your hard earned money to it.
try the above mentioned just for a week - my recommendation
and this is my view on trading: http://www.forexfactory.com/showthre...36#post7078336
On my way to financial independence - if others can do it - I can do it
  • #1,766
  • Nov 9, 2013 11:53am Nov 9, 2013 11:53am
Quoting Eur Usd
...... (market often hits your s/l and then moves the way you traded) -.........so far you are standing in one place, one step forward, one step back, your account grows only because you keep adding your hard earned money to it. try the above mentioned just for a week -....[/url]
It was particularly exceptional this week , It hit me on all positions and moved in my direction .I would have won all trades this week but it was just the way it was .No changes in my trading style , I just call it a little bit unlucky.Step by step , Will get there .Remember , discipline is key , once you manage that together with risk reward and money management , it doesn't matter your strategy or system , in the end , you will make it .

I feel I have moved a milestone since I started trading seriously from March last year
  • #1,767
  • Nov 9, 2013 12:34pm Nov 9, 2013 12:34pm
Quoting tafadzwa02
{quote} It was particularly exceptional this week , It hit me on all positions and moved in my direction .I would have won all trades this week but it was just the way it was .No changes in my trading style , I just call it a little bit unlucky.Step by step , Will get there .Remember , discipline is key , once you manage that together with risk reward and money management , it doesn't matter your strategy or system , in the end , you will make it . I feel I have moved a milestone since I started trading seriously from March last year
There is a big difference and great improvement in your trading, I do check on your progress often, keep it up and you will smile in the end, kudos also to Eur Usd, he scrutinize you a lot which makes you stronger,i gained a lot and loss a lot in the market but is not over until we quit, stay focus and discipline, wish you the best.
  • #1,768
  • Nov 9, 2013 12:49pm Nov 9, 2013 12:49pm
Quoting macsoj
{quote} There is a big difference and great improvement in your trading, I do check on your progress often, keep it up and you will smile in the end, kudos also to Eur Usd, he scrutinize you a lot which makes you stronger,i gained a lot and loss a lot in the market but is not over until we quit, stay focus and discipline, wish you the best.
  • #1,769
  • Nov 12, 2013 4:13am Nov 12, 2013 4:13am
Quoting xtrader101
{quote} ... that's why I take my signals all the time because...
I got a very strong buy signal on GBPAUD , not sure how you sold there but you never know
  • #1,770
  • Nov 12, 2013 5:26am Nov 12, 2013 5:26am
Quoting tafadzwa02
{quote} I got a very strong buy signal on GBPAUD , not sure how you sold there but you never know
I already took 100 pip gain and one position remains for each account for GA and GU. Max TP GA 150 pips and 200 pips for GU if it reach there. GU just broke 1.59 which act as support in October and there is a good probability that it will go down to 1.5755 (high on June 17) and hopefully it will bring GA with it.

In case it doesn't go my way, I'll take 10 pips for each.
Fear prevent possibilities, and so does Greed
  • #1,771
  • Nov 12, 2013 10:56am Nov 12, 2013 10:56am
Quoting xtrader101
{quote} I already took 100 pip gain and one position remains for each account for GA and GU. Max TP GA 150 pips and 200 pips for GU if it reach there. GU just broke 1.59 which act as support in October and there is a good probability that it will go down to 1.5755 (high on June 17) and hopefully it will bring GA with it. In case it doesn't go my way, I'll take 10 pips for each.
.The GBPAUD is pushing , that was a powerful signal , I hope it will give me 200 pips lol
  • #1,772
  • Nov 12, 2013 3:42pm Nov 12, 2013 3:42pm
Hi tafa
I am reading "your" book, to be honest, the method is not for me, besides the book is bit boring ;-)
I'll stay with choros and price action
On my way to financial independence - if others can do it - I can do it
  • #1,773
  • Nov 13, 2013 4:50am Nov 13, 2013 4:50am
Quoting Eur Usd
Hi tafa I am reading "your" book, to be honest, the method is not for me, besides the book is bit boring ;-) I'll stay with choros and price action
Stay with your system , everything else should just top up what you know already , that's what I do.
I am worried about 1.6012 on GBPUSD , I went in a bit too early and now my risk is more than the usual 30 pips , will see what happens
  • #1,774
  • Nov 13, 2013 4:51am Nov 13, 2013 4:51am
Quoting tafadzwa02
{quote} Stay with your system , everything else should just top up what you know already , that's what I do. I am worried about 1.6012 on GBPUSD , I went in a bit too early and now my risk is more than the usual 30 pips , will see what happens

I closed it , i am not confident til it gets to 1.6012.
Today's tip
EURJPY buy around 133.19 and leave it until the end of today or at least until today's open price .This is my own signal based on what I have observed in the last 35 days .You won't find it in any book , its called "Taf's signal"
  • #1,775
  • Nov 13, 2013 5:25am Nov 13, 2013 5:25am
Quoting tafadzwa02
{quote} Stay with your system , everything else should just top up what you know already , that's what I do. I am worried about 1.6012 on GBPUSD , I went in a bit too early and now my risk is more than the usual 30 pips , will see what happens
Do not fall for get rich quick scenario, even with 10% per month consistently and with your equity of around $5K, you'll have $1.5M at the end of year 5.
Fear prevent possibilities, and so does Greed
  • #1,776
  • Nov 13, 2013 5:32am Nov 13, 2013 5:32am
Quoting xtrader101
{quote} Do not fall for get rich quick scenario, even with 10% per month consistently and with your equity of around $5K, you'll have $1.5M at the end of year 5.

, sometimes I get too excited .
I think if I win all my trades today , including that "Taf Signal ", then I will only trade once before the end of the week and call it quits
  • #1,777
  • Nov 13, 2013 6:26am Nov 13, 2013 6:26am
Quoting xtrader101
{quote} Do not fall for get rich quick scenario, even with 10% per month consistently and with your equity of around $5K, you'll have $1.5M at the end of year 5.

so true - it needs time to get rich(er) , and I already mentioned about it for tafa, but he's not listening to me as he takes me as a forex noob
On my way to financial independence - if others can do it - I can do it
  • #1,778
  • Nov 13, 2013 6:27am Nov 13, 2013 6:27am
Quoting tafadzwa02
{quote} Stay with your system , everything else should just top up what you know already , that's what I do. I am worried about 1.6012 on GBPUSD , I went in a bit too early and now my risk is more than the usual 30 pips , will see what happens
true, I tried the book to see what is your method about, to be honest it is hard for me to focus when I read boring books, and I definitely prefer to focus on price action and choros rather than seek for something else - good luck
On my way to financial independence - if others can do it - I can do it
  • #1,779
  • Nov 13, 2013 6:28am Nov 13, 2013 6:28am
Quoting Eur Usd
{quote} so true - it needs time to get rich(er) , and I already mentioned about it for tafa, but he's not listening to me as he takes me as a forex noob

I never under-estimate anyone , trust me, but of course if you are struggling to make any money in this business , then you better concentrate on that than slagging of those who are making it , like me
  • #1,780
  • Nov 13, 2013 6:49am Nov 13, 2013 6:49am
Quoting tafadzwa02
{quote} I never under-estimate anyone , trust me, but of course if you are struggling to make any money in this business , then you better concentrate on that than slagging of those who are making it , like me

you will get back to point where you started next week latest
according to "your book" you are somewhere between beginner and advanced beginner
On my way to financial independence - if others can do it - I can do it
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