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Consequence Pilot Level Trading

  • #61
  • Sep 10, 2014 3:50am Sep 10, 2014 3:50am
Quoting Forex Lion
{quote} Hi FXEmpire, what buy EL you wil use now?...the old one on the top?
these are my EL's and pending for as of moment..
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Passion, Persist, Patience, Protect
  • #62
  • Sep 10, 2014 3:52am Sep 10, 2014 3:52am
Quoting FXEmpire
{quote} great job you did good.. I just stay careful as I trade large lots on my other account where it duplicate the same on the TE account.. so I look for clean winners..

I traded 100 lots, but Demo
  • #63
  • Sep 10, 2014 3:53am Sep 10, 2014 3:53am
Quoting PiptheRipper
{quote} Hey FXEmpire. I like this scalping strategy. I've started demoing it and will continue to do so for a while. I take it from your last trade that once your trade has failed at a level, you will not trade that same level again?

yes, unless price stuck around there way after I am done with old play at it..

post my trigger if it's a failed level i look to survive it on the resume.. so first touch back if its weak it only serves as survival chance.. the on quick re-entry at it.. I wait for some time to see how it's playing around there.. usually you will get a new level a few pips higher or lower after some time and i go off that ones..
hope its clear..
Passion, Persist, Patience, Protect
  • #64
  • Sep 10, 2014 3:55am Sep 10, 2014 3:55am
Quoting FXEmpire
{quote} yes, unless price stuck around there way after I am done with old play at it.. post my trigger if it's a failed level i look to survive it on the resume.. so first touch back if its weak it only serves as survival chance.. the on quick re-entry at it.. I wait for some time to see how it's playing around there.. usually you will get a new level a few pips higher or lower after some time and i go off that ones.. hope its clear..
Thanks, that makes sense.
  • #65
  • Sep 10, 2014 4:09am Sep 10, 2014 4:09am
Quoting TheDDReport
I think im done for the night. Started off a little tough but snagged a nice short on the cable just now and reach 15 pips on the day. FXEmpire if you could please analysis my trades and tell me which ones were valid and which werent that would be great & thanks again for teaching this. first time scalping has ever made since to me. of coarse should have held on to short a little longer... {image}
explained in chart..
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Passion, Persist, Patience, Protect
  • #66
  • Sep 10, 2014 4:11am Sep 10, 2014 4:11am
Quoting Traffex
{quote} I traded 100 lots, but Demo

keep plugging and you'll someday do 100+
Passion, Persist, Patience, Protect
  • #67
  • Sep 10, 2014 4:17am Sep 10, 2014 4:17am
defensive play out at BE...

fine call me a wuss.. lol
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Passion, Persist, Patience, Protect
  • #68
  • Sep 10, 2014 4:22am Sep 10, 2014 4:22am
Quoting FXEmpire
defensive play out at BE... fine call me a wuss.. lol {image}
I had a loss here because of a fixed SL.
  • #69
  • Sep 10, 2014 4:24am Sep 10, 2014 4:24am
Do you get out @ -5 or @ -5-spread (-5-3=-8 for example)?
  • #70
  • Sep 10, 2014 4:24am Sep 10, 2014 4:24am
Quoting FXEmpire
{quote} explained in chart.. {image}
Thank you very much again sir!
He who knows when he can fight and when he cannot, will be victorious.
  • #71
  • Sep 10, 2014 4:25am Sep 10, 2014 4:25am
Quoting Traffex
{quote} I had a loss here because of a fixed SL.

if you want to play this with fix tight sl is as good as giving you money to the market in advance, lol..

tight sl is like blood around sharks.. its Forex's nature not to mention the stop hunting factor by beloved brokers..
Passion, Persist, Patience, Protect
  • #72
  • Sep 10, 2014 4:25am Sep 10, 2014 4:25am
Quoting TheDDReport
{quote} Thank you very much again sir!

np brother..
Passion, Persist, Patience, Protect
  • #73
  • Sep 10, 2014 4:32am Sep 10, 2014 4:32am
Quoting Anusragger
Do you get out @ -5 or @ -5-spread (-5-3=-8 for example)?

nothing fix... i watch the every little detail of pa ticks by tick very closely post my trigger to get a feel if its there to give me 5 pips soon or just not at this time at this level..
There is no set in stone combination or formula to deal with this.. I have tried it all.. best is your focus and feel for that moment..
looking for clean winners and not sweating what i missed or got kicked out based on my own decisions.. there are plenty of clean 5 pips winners also.. I rather defend against the ify ones or jittery ones or indecisive ones etc,.. these early sign of weakness could run wild against you and ruin a whole weeks of work and profitability..
it's tough and rough but very much doable if one act stone cold..
Passion, Persist, Patience, Protect
  • #74
  • Sep 10, 2014 4:32am Sep 10, 2014 4:32am
Quoting FXEmpire
{quote} if you want to play this with fix tight sl is as good as giving you money to the market in advance, lol.. tight sl is like blood around sharks.. its Forex's nature not to mention the stop hunting factor by beloved brokers..

I see I have to change this. What exactly was the cause for you to stop ?
  • #75
  • Sep 10, 2014 4:39am Sep 10, 2014 4:39am
Quoting FXEmpire
{quote} nothing fix... i watch the every little detail of pa ticks by tick very closely post my trigger to get a feel if its there to give me 5 pips soon or just not at this time at this level.. There is no set in stone combination or formula to deal with this.. I have tried it all.. best is your focus and feel for that moment.. looking for clean winners and not sweating what i missed or got kicked out based on my own decisions.. there are plenty of clean 5 pips winners also.. I rather defend against the ify ones or jittery ones or indecisive ones...
I agree, I asked this question because I see a spread of 3,4 sometimes 5 pips on your screens. So that leaves little room for a 5 pip stop. In my opinion the spread is what makes this difficult. You first have to earn back your spread. So price has to move spread + 5 pips before your TP is hit. Don't you experience this in your trading?
  • #76
  • Sep 10, 2014 4:41am Sep 10, 2014 4:41am
By the way, have you tried renko for your strategy? Easy on the eyes and could make it even more simpler.
  • #77
  • Sep 10, 2014 4:46am Sep 10, 2014 4:46am
Quoting FXEmpire
{quote} nothing fix... i watch the every little detail of pa ticks by tick very closely post my trigger to get a feel if its there to give me 5 pips soon or just not at this time at this level.. There is no set in stone combination or formula to deal with this.. I have tried it all.. best is your focus and feel for that moment.. looking for clean winners and not sweating what i missed or got kicked out based on my own decisions.. there are plenty of clean 5 pips winners also.. I rather defend against the ify ones or jittery ones or indecisive ones...
Hi Mr Fxempire,

should we long at the breakout line instead ?
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  • #78
  • Edited 5:48am Sep 10, 2014 4:47am | Edited 5:48am
Quoting Anusragger
{quote} I agree, I asked this question because I see a spread of 3,4 sometimes 5 pips on your screens. So that leaves little room for a 5 pip stop. In my opinion the spread is what makes this difficult. You first have to earn back your spread. So price has to move spread + 5 pips before your TP is hit. Don't you experience this in your trading?

Your point would be valid if spread is really that much.. what you see on my screen is 3 or 4 tenth of a pip and not 3 or 4 full pips (0.3 not 1.0)

renko.. lol.. it's a good way to be detached from the reality of price movement.. so yes simpler to lose.. and no thanks for me.
please read the 1st post about filter talks..
Passion, Persist, Patience, Protect
  • #79
  • Sep 10, 2014 4:49am Sep 10, 2014 4:49am
Quoting Traffex
{quote} I see I have to change this. What exactly was the cause for you to stop ?
can you be more clear with you question plz..
Passion, Persist, Patience, Protect
  • #80
  • Sep 10, 2014 4:52am Sep 10, 2014 4:52am
Quoting tehO
{quote} Hi Mr Fxempire, should we long at the breakout line instead ? {image}
small detail question that you brought up well done..

the answer is NO.. why? the one candle bull pullback is just not enough to consider it as a PB and resume for a level, I consider that as nothing and continuation of that current bear move..
if it's not clear to you I show it in chart..
Passion, Persist, Patience, Protect
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