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My Market Order System

  • #601
  • Mar 13, 2014 11:24am Mar 13, 2014 11:24am
That's just the problem I have Peter, I see some profit and close way to early, you know what they say about "a bird in the hand".

It really is a totally different game than using a demo account. I think you have to look at it as a business, imagine you were starting up any other business and you would have expenses and losses in the early days, as long as you're on a small account nothing too drastic can happen.

Martin
  • #602
  • Mar 13, 2014 1:18pm Mar 13, 2014 1:18pm
Thanks EU news. Added 43 pips, thats over 100 pips today. Guess I should get off the demo acct.
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  • #603
  • Mar 13, 2014 1:28pm Mar 13, 2014 1:28pm
Hitting cable again after cashing in before
  • #604
  • Mar 13, 2014 2:07pm Mar 13, 2014 2:07pm
Quoting Jhlewis10
Thanks EU news. Added 43 pips, thats over 100 pips today. Guess I should get off the demo acct. {image}
The EU pairs generated the pips for me today, hehehe - demo acc
  • #605
  • Mar 13, 2014 7:08pm Mar 13, 2014 7:08pm
Quoting kPack
{quote} hehe thats what i said emotions are so hard to control in live account. I lost my first live account cause of that , now only demo and still got problems with emotions and going out to early. Oh and i took my Profit at USDJPY at 102.000 Cause support and new 3 Disc. Oh and sell order was tiggert in EURUSD went in 10pips below 3 disc candel . And a little later NZDUSD. What do you think about that trades Orid ? {image} {image} Keep up the good work Peter
sorry just seen your post , I went to bed
I'm in the Eur /usd also , I don't trade the us nz
that damn us /jpy still going but I;m out
Up 350 pips on live
Regards orid Peter
  • #606
  • Mar 13, 2014 7:14pm Mar 13, 2014 7:14pm
Quoting ukmartin
That's just the problem I have Peter, I see some profit and close way to early, you know what they say about "a bird in the hand". It really is a totally different game than using a demo account. I think you have to look at it as a business, imagine you were starting up any other business and you would have expenses and losses in the early days, as long as you're on a small account nothing too drastic can happen. Martin
Martin trouble is its not theway I traded on demo (getting out early ) which will affect my trading dramatically !,
Because I found if I stayed in 9 times out of ten it would make 1500 pips or more and makes up for the few losses.
where as if you keep pulling out with less profit the losses will creep up on ya .
Oh well all about pips at the mo ,keep on truckin.
Good to see everyone seems to do ok , Where is Bob lately how are you doing bob?
Regards Orid Peter
  • #607
  • Mar 13, 2014 7:22pm Mar 13, 2014 7:22pm
Morning Orid(Peter)
Good to see another Aussie here.
Good Luck with your Forex...Extremely tough business and only the totally Dedicated have a chance.Just my humble opinion
Regards,
Ron
Ronnie Renko
  • #608
  • Mar 13, 2014 9:30pm Mar 13, 2014 9:30pm
Martin , are you still trading daily only?
For me jury is still out on which is the best . daily or 4 hr Daily is nice because need really small screen time , although 4 hr I usually only check 3-4 times a day,
here is my daily ( demo) just cashed in 100+ pips on us/jpy by mistake . (was looking at 4 hr new disc lol)
anyone else trading daily ?
Regards Orid
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  • #609
  • Mar 13, 2014 9:33pm Mar 13, 2014 9:33pm
Quoting Ced74
Morning Orid(Peter) Good to see another Aussie here. Good Luck with your Forex...Extremely tough business and only the totally Dedicated have a chance.Just my humble opinion Regards, Ron
Hello Ron , where in aus are you ? I'm in beautiful Albany wa.
Regards Orid Peter
  • #610
  • Mar 13, 2014 9:55pm Mar 13, 2014 9:55pm
Hi Peter,
Melbourne.....Long drive for a cup coffee. smile

Cheers,
Ron
Ronnie Renko
  • #611
  • Mar 13, 2014 10:59pm Mar 13, 2014 10:59pm
Quoting Ced74
Hi Peter, Melbourne.....Long drive for a cup coffee. smile Cheers, Ron
may be going to Adelaide later this year with a trip around for a couple months caravanning , love it
heres my live account , nothing fantastic but at least its up.
Regards orid peter
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  • #612
  • Mar 13, 2014 11:16pm Mar 13, 2014 11:16pm
Hi Peter,
Sounds like you may be of the older generation like myself.!!!!!!!!!!
Must say for some reason I have never been able to succeed with 4 hour charts...I blame .."Murphys Law"
Your account looks good..Consistancy is the the goal in my opinion..Over the years I have had great wins but also great losses so I have adopted the "Tortaise approach"these days...20+ pips per day compounded .
I only do forex to keep my old brain alive and to keep me off the streets and away from any Bad Women !!!! Smile.
Enjoy your day,.
Ron
Ronnie Renko
  • #613
  • Edited 2:23am Mar 14, 2014 2:10am | Edited 2:23am
Quoting Ced74
Hi Peter, Sounds like you may be of the older generation like myself.!!!!!!!!!! Must say for some reason I have never been able to succeed with 4 hour charts...I blame .."Murphys Law" Your account looks good..Consistancy is the the goal in my opinion..Over the years I have had great wins but also great losses so I have adopted the "Tortaise approach"these days...20+ pips per day compounded . I only do forex to keep my old brain alive and to keep me off the streets and away from any Bad Women !!!! Smile. Enjoy your day,. Ron
what are you trading Ron daily?
daily is looking very good ( demo) on this bobs method
Edit must say 8 out of 8 current trades all in profit this method just keeps on amazing me!
Lets all meet in the carribean ,carabean next year see who has the biggest yaugt er yaught er yat, Boat .
Or maybe I should take spelling lessons
regards orid peter
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  • #614
  • Mar 14, 2014 2:45am Mar 14, 2014 2:45am
hi peter, how many pairs are you trading??

nice greets from austria
  • #615
  • Mar 14, 2014 2:51am Mar 14, 2014 2:51am
Quoting frani60
hi peter, how many pairs are you trading?? nice greets from austria
Hi frani60
I'm trading just the Ten you see on my charts.
Regards peter
  • #616
  • Mar 14, 2014 3:01am Mar 14, 2014 3:01am
Quoting orid
anyone else trading daily ? Regards Orid {image}
Hi Peter

Im monitory both daily and 1 hr same swaps both look good atm

Well done on the live account .. if you have set your SL and TP try to just let things happen

Most important though dont hold onto a losing trade that will bust out your account it will take time mentaly to recouver

try to use the % SL its takes away all the pressure and you can do it on any time frame swap and canle size

P
  • #617
  • Mar 14, 2014 3:17am Mar 14, 2014 3:17am
Anybody know of a good FUNDANENTAL ONLY weekly currency report? Something that gives a simple possible direction on the majors. I was thinking we could use it to add weight to our daily direction as indicated by the charts
We are all One. Be present. Be the Observer
  • #618
  • Mar 14, 2014 4:33am Mar 14, 2014 4:33am
Here is an actual example entry to SL is 85 pips but it could be 300 pips the risk will still be 5% or any nominated % you prefer

This takes away the 'pressure' of running a big stop
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  • #619
  • Mar 14, 2014 4:39am Mar 14, 2014 4:39am
Quoting Iamfx
Anybody know of a good FUNDANENTAL ONLY weekly currency report? Something that gives a simple possible direction on the majors. I was thinking we could use it to add weight to our daily direction as indicated by the charts
Ive looked into this mysel its very difficult to find market sentiment suitable for your time frame

Most will be daily at the min ..most will be month weekly

P
  • #620
  • Mar 14, 2014 5:11am Mar 14, 2014 5:11am
Quoting orid
{quote} Martin trouble is its not theway I traded on demo (getting out early ) which will affect my trading dramatically !, Because I found if I stayed in 9 times out of ten it would make 1500 pips or more and makes up for the few losses. where as if you keep pulling out with less profit the losses will creep up on ya . Oh well all about pips at the mo ,keep on truckin. Good to see everyone seems to do ok , Where is Bob lately how are you doing bob? Regards Orid Peter
Hi Pete,
Just been reading some of the posts. That's great your doing well with the live account, I've been trying a few other methods but keep coming back to old faithful. I've found also using the Bollinger Bands with my method helps with confirmation of trades. And I try not to get too greedy by using smallish lots eg 0.10 for $100 0.20 for $200 ect ! ect !

Haven't been doing too much for I'm busy moving into a new place and been living out of my caravan till the 20th of this month. It's a bit crammed for the puter in my van at the moment.
Anyway !
Have a great weekend and I hope you finish the week with a mega amount of pips...
Cheers !
Bob
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