Thx Toppo, much appreciated.
T.
- #222
- Aug 7, 2014 6:49pm Aug 7, 2014 6:49pm
- Joined Oct 2008 | Status: Perpetual Student of the Charts | 947 Posts
Well today was one of those days..... they are often, which is why making money isn't as easy as just whacking a 15EMA on a chart and trading in the opposite direction.
One more London opening this week to look forward to. Let's all do our due diligence and be prepared for whatever trading, or non-trading, opportunity that the market offers us.
Until then. . . . .
GREEN pips to you always.
Clear slope upwards on the 15 EMA, zoomed out this time on the 1HR chart to look at potential trend channels which may guide the price, although there has been a little bit of fundemntal news for the Euro this morning 
which always messes with ones strategy. Any posted a shot of my trade with channel drawn in, hoping it will be hit?
which always messes with ones strategy. Any posted a shot of my trade with channel drawn in, hoping it will be hit?
- #227
- Aug 8, 2014 2:46am Aug 8, 2014 2:46am
- Joined Jun 2014 | Status: Invisible | 1,471 Posts
Good morning
EU and UCF stopped out at +8 and +7 pips near R1 and S2 
EU and UCF stopped out at +8 and +7 pips near R1 and S2
- #230
- Aug 8, 2014 2:54am Aug 8, 2014 2:54am
- | Joined Aug 2006 | Status: Trader | 1,024 Posts
Winner winner, chicken dinner! 
+12 pips
Thanks, Quidsey
+12 pips
Thanks, Quidsey
- #233
- Aug 8, 2014 3:09am Aug 8, 2014 3:09am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #234
- Aug 8, 2014 3:10am Aug 8, 2014 3:10am
Nice one guys, a bit scary this morning, I really thought we were going to get steamrolled. Heavy $ selling.
Another +10pips to finish the week and our 10th win in a row.
Back later with charts and the weeks analysis.
Another +10pips to finish the week and our 10th win in a row.
Back later with charts and the weeks analysis.
- #236
- Aug 8, 2014 5:05am Aug 8, 2014 5:05am
Hey guys, I'm all for people offering up a useful tool/indicator to help us in our decision making but I'd really like to keep the focus on the actual strategy we are testing.
Totally understand that every trader will want, to some extent, to personalise the method. That's cool and natural.......but I'd like to keep this thread to the core strategy and the trading of it.
I want the information to be clear and easy to follow. It's not easy trying to share thoughts about discretion, right or wrong
I want to keep the chart clean and simple so that we can focus on the price and the momentum. I shouldn't have sold the idea that we're trading a 15EMA, I'm regretting putting it on the chart because it seems to take peoples attention away from the trade and towards the indicator and it should be the other way round.
Here's the proof that if we do that we'll probably lose:
EA test
Totally understand that every trader will want, to some extent, to personalise the method. That's cool and natural.......but I'd like to keep this thread to the core strategy and the trading of it.
I want the information to be clear and easy to follow. It's not easy trying to share thoughts about discretion, right or wrong
I want to keep the chart clean and simple so that we can focus on the price and the momentum. I shouldn't have sold the idea that we're trading a 15EMA, I'm regretting putting it on the chart because it seems to take peoples attention away from the trade and towards the indicator and it should be the other way round.
Here's the proof that if we do that we'll probably lose:
EA test
- #237
- Aug 8, 2014 7:29am Aug 8, 2014 7:29am
{quote}have a nice weekend
So here's the week. Our $3000€ has grown +7.6% over the last two weeks and now stands at $3228.86€. Nice to see but doesn't mean we can trade yet.
- #239
- Aug 8, 2014 10:16am Aug 8, 2014 10:16am
- Joined Oct 2008 | Status: Perpetual Student of the Charts | 947 Posts
Hey guys, I'm all for people offering up a useful tool/indicator to help us in our decision making but I'd really like to keep the focus on the actual strategy we are testing. Totally understand that every trader will want, to some extent, to personalise the method. That's cool and natural.......but I'd like to keep this thread to the core strategy and the trading of it. I want the information to be clear and easy to follow. It's not easy trying to share thoughts about discretion, right or wrong
It is always better to understand the "why" behind any system or indicator as opposed to following it blindly.
Congratulations to all those who made pips this week. Just as we need to learn from our losses, it is also advised to study our successes too. I would suggest following Quidsey's lead and printing up the chart afterwords so that notes and observations can be made and recorded for further study and understanding.
I hope that everyone has a great weekend, and I look forward to next week's trading opportunities.
GREEN pips to all.