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Somewhere to document my thoughts...

  • #121
  • Nov 27, 2013 7:22am Nov 27, 2013 7:22am
Quoting shellsnail
For London traders: {image} {image} {image}
Looks like GBP/USD came 1 pip shy of my target zone.

judging from the reaction so far, I think we might be seeing some action soon?

i'm short.
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  • #122
  • Nov 27, 2013 9:50am Nov 27, 2013 9:50am
Trend trading - the strongest move happen ONLY AFTER some indicator show that the pair is overbought/oversold in the direction of the trend.
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  • #123
  • Nov 27, 2013 9:53am Nov 27, 2013 9:53am
Intraday review: Had a terrible start BECAUSE i violated one of my own exit rules (greed) and that trade turned sour and which led me to trade for a PRETTY long time. Good reminder/lesson..

ended up with around 20 pips profit today so calling it a day now.

Swing trading: trend moves were BRILLIANT. up around 100 pounds at least. my computer restarted for Windows Update and my EA turned off if not could have caught a bit more...

Recap this week: account up about 50% since monday. Max drawdown from peak to trough: 10%
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  • #124
  • Nov 27, 2013 10:41am Nov 27, 2013 10:41am
Easiest way to kill your profitability is to overthink.

99% of ForexFactory is dedicated to predicting the future and engaging in over-think.

People get married to their positions and their opinions - they lose.

Just see the trend, watch the news for chances to scalp retail money (spikes) to enter into the trend or simply use some indicator to tell you when to enter back in. that's trend trading, no need to predict the future.
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  • #125
  • Nov 27, 2013 11:18am Nov 27, 2013 11:18am
End of Trading Day/ EA opened positions

profit in points.

Ask anyone to manual trade and monitor all these pairs at the same time - it's impossible.
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  • #126
  • Nov 27, 2013 3:18pm Nov 27, 2013 3:18pm
Woke up to a small profit lol. Closed my EA running on EUR/USD and position.

Reminder to self:

Asia session is NOT WORTH IT. The moves are terrible.
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  • #127
  • Nov 27, 2013 4:22pm Nov 27, 2013 4:22pm
Quoting shellsnail
Easiest way to kill your profitability is to overthink. 99% of ForexFactory is dedicated to predicting the future and engaging in over-think. People get married to their positions and their opinions - they lose. Just see the trend, watch the news for chances to scalp retail money (spikes) to enter into the trend or simply use some indicator to tell you when to enter back in. that's trend trading, no need to predict the future.
Looks like weak shorts were washed out from NZD by that spike and reverse, where will it go now I wonder??

follow the trend, guys. speculators and retail make up only a small portion of the market. the real money driving things have their own reasons to buy and sell that are not affected by these news.. At least not immediately.
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  • #128
  • Nov 27, 2013 5:28pm Nov 27, 2013 5:28pm
Hard to say no to such a good opportunity...
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  • #129
  • Nov 27, 2013 5:53pm Nov 27, 2013 5:53pm
I guess there is some trial and error in drawing the zig zag to get the three pushes against the memo. What setting would you use on a zz indi as a guide?

How do you decide what width to draw your zone boxes?

Thanks for the charts.
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  • #130
  • Nov 27, 2013 6:06pm Nov 27, 2013 6:06pm
Quoting aud
I guess there is some trial and error in drawing the zig zag to get the three pushes against the memo. What setting would you use on a zz indi as a guide? How do you decide what width to draw your zone boxes? Thanks for the charts.
I don't use any indicator. Those lines are drawn by hand. Box is just for illustration purposes, doesn't really matter it's the rough area.
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  • #131
  • Nov 27, 2013 6:12pm Nov 27, 2013 6:12pm
EJ
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  • #132
  • Nov 27, 2013 6:15pm Nov 27, 2013 6:15pm
Thx. Thought I saw a zz indi on a couple of your charts.

Given that this is your journal of thoughts, would you rather I posted questions here or on TEB63's thread? I was following your posts their until today.
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  • #133
  • Nov 27, 2013 6:20pm Nov 27, 2013 6:20pm
Quoting aud
Thx. Thought I saw a zz indi on a couple of your charts. Given that this is your journal of thoughts, would you rather I posted questions here or on TEB63's thread? I was following your posts their until today.
Here is fine, I will try to answer as much as possible, but I really don't want to reveal too much about the details of my method. (at least not yet, when I am ready to do so I might start a thread in the systems forum) Cheers.

I see you have been a member since 2008, how's trading for you
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  • #134
  • Nov 28, 2013 12:50am Nov 28, 2013 12:50am
Quoting shellsnail
For London traders: {image} {image} {image}
WOW. check out the reaction on GU when it landed in the SELL ZONE.
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  • #135
  • Last Post: Nov 28, 2013 4:05pm Nov 28, 2013 4:05pm
It's been a long and winding road. Now I just read the PA, I've stopped blowing up demo accounts! However conditions change and some days I see it and some I don't, unfortunately I suck as a discretionary trader.

Is this an example of one that got away or did I not read the structure right?

http://charts.mql5.com/3/192/eurusd-...l-services.png
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