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Consequence Pilot Level Trading

  • #301
  • Sep 15, 2014 11:41am Sep 15, 2014 11:41am
That'll do me for today, time to crash (bed). I had 3 successful trades though the management was lacking on the first due to commitments on other charts. Also missed that last (4th) trade that I only saw as price was coming down. There maybe a couple of trades I missed between the trades I did trade but will hopefully get better at spotting. Day #1 gets the tick

ps. ignore the silver trade, it's just an old demo acc I'm using.
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As the lights go by so too do the shadows move
  • #302
  • Sep 15, 2014 12:01pm Sep 15, 2014 12:01pm
short good for 4 pips..

I may have missed a EL earlier on top.. but this one luckily worked..
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Passion, Persist, Patience, Protect
  • #303
  • Sep 15, 2014 1:11pm Sep 15, 2014 1:11pm
Quoting FXEmpire
{quote} keep the entries clean to the scope of the thread navi. Thanks in advance.
what is wrong in my enter bro?
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #304
  • Sep 15, 2014 1:37pm Sep 15, 2014 1:37pm
Quoting tnavi
{quote} what is wrong in my enter bro?
everything... you don't even a have hiccup on the 1m much as less in 5m where what this thread is based on.
please read the thread.. the 1st post a few times.. and review my charts.. and then compare with yours.. you should see whats wrong.
I know you got some language barriers but still you should make the effort to understand the core concept of this threads entry.. the EL setup.. use Google translator or something.

Thanks.
Passion, Persist, Patience, Protect
  • #305
  • Sep 15, 2014 1:47pm Sep 15, 2014 1:47pm
Here is my day end chart... as you see i have stayed intact with the price all throughway through for the whole day.. simply following its foot steps and taking action on every valid EL. Total of 10 trades manged to make some money but overall not so great as I did not quiet capitalize the full amount of the targets in three occasions and did not meet the DG. Today was a 64 pips range but the action around EL's trigger time was mostly all tough, so that's why it caused me to bail sooner than real break happening.. better be safe..
I grade myself a C for today, lol, I can do better.

see you all tomorrow.
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Passion, Persist, Patience, Protect
  • #306
  • Sep 15, 2014 9:37pm Sep 15, 2014 9:37pm
Quoting FXEmpire
Here is my day end chart... as you see i have stayed intact with the price all throughway through for the whole day.. simply following its foot steps and taking action on every valid EL. Total of 10 trades manged to make some money but overall not so great as I did not quiet capitalize the full amount of the targets in three occasions and did not meet the DG. Today was a 64 pips range but the action around EL's trigger time was mostly all tough, so that's why it caused me to bail sooner than real break happening.. better be safe.. I grade myself...
I respect your discipline. You stuck to your guns and traded the system as it was meant to be traded to my understanding. You were on a defensive stance as PA didn't give it up easily and that will save you losses in the future.

Well done and keep it up .
As the lights go by so too do the shadows move
  • #307
  • Sep 15, 2014 11:38pm Sep 15, 2014 11:38pm
Quoting FXEmpire
Here is my day end chart... as you see i have stayed intact with the price all throughway through for the whole day.. simply following its foot steps and taking action on every valid EL. Total of 10 trades manged to make some money but overall not so great as I did not quiet capitalize the full amount of the targets in three occasions and did not meet the DG. Today was a 64 pips range but the action around EL's trigger time was mostly all tough, so that's why it caused me to bail sooner than real break happening.. better be safe.. I grade myself...
FXEmpire thank you for displaying your trading method. Wonderfully simple. May I respectfully suggest placing your EL triggers at the close of the bar. This allows an even earlier entry to make those precious pips and reach that DG more quickly. Indeed it even allows one to turn to the elegant simplicity of the line chart to put the triggers in place. I drew them in place in purple to give a clearer picture.
Blessings. Bat
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Just trade the pullback you idiot!
  • #308
  • Sep 16, 2014 12:30am Sep 16, 2014 12:30am
Good morning...
Getting prepared for the day here... after breakfast I give out my Daily brief.
Passion, Persist, Patience, Protect
  • #309
  • Edited 1:13am Sep 16, 2014 12:49am | Edited 1:13am
Daily brief..

As usual main trend on EU is Bearish and has formed a solid bear box for about week now... I see the DO in the middle of the box slightly leaning more towards the top bracket... recent daily action has been around 50-60 pips mostly for a day up and day down.
I expect the same range to be commanding till Wednesdays u.s rate announcements. Weeks with such major announcements awaits, could be tricky with sudden minor moves, which for scalper like us makes it bit difficult and got to be on our toes.. that is one of the reasons i am a bit extra defensive and only look for clean quick winners.. the less time your in the market the better.. so FIFO is the play.
News wise, today we got German Z couple hours inside the londi session and ppi when NY kicks off... hopefully prior to NY we get our daily doze.

Trade well.

Let's rock..
Passion, Persist, Patience, Protect
  • #310
  • Sep 16, 2014 12:49am Sep 16, 2014 12:49am
Quoting Matts Micro
{quote} I respect your discipline. You stuck to your guns and traded the system as it was meant to be traded to my understanding. You were on a defensive stance as PA didn't give it up easily and that will save you losses in the future. Well done and keep it up .
Thank you matt
Passion, Persist, Patience, Protect
  • #311
  • Sep 16, 2014 12:53am Sep 16, 2014 12:53am
Quoting Batavier
{quote} FXEmpire thank you for displaying your trading method. Wonderfully simple. May I respectfully suggest placing your EL triggers at the close of the bar. This allows an even earlier entry to make those precious pips and reach that DG more quickly. Indeed it even allows one to turn to the elegant simplicity of the line chart to put the triggers in place. I drew them in place in purple to give a clearer picture. Blessings. Bat {image}

Batavier.. I like it.. it's a great suggestion, it's bat-man like, lol
.. done.. that's what we will do. The earlier to get to +5 is what I am all for and it will help out for better defensive play.

.. however it may not be better to go with close bar is some rare cases.. like inside tight tight ranges maybe or not so clear EL's.. so if you got any data on that I greatly appreciated if post it with charts.. thx.
Passion, Persist, Patience, Protect
  • #312
  • Sep 16, 2014 1:52am Sep 16, 2014 1:52am
1st short trade winner +5..

as you see price threw a gap and platform froze... so i just took the cash immediately..
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Passion, Persist, Patience, Protect
  • #313
  • Sep 16, 2014 3:04am Sep 16, 2014 3:04am
2nd trade long good for +4..

It took a while and i was ready to even dump it on the resume, considering being right at the DO and making jittery moves.. but as you see the resume candle it was too strong and I held it and banked right at end of the hourly candle and new one.. happy with that result.
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Passion, Persist, Patience, Protect
  • #314
  • Sep 16, 2014 3:12am Sep 16, 2014 3:12am
Quoting FXEmpire
2nd trade long good for +4.. It took a while and i was ready to even dump it on the resume, but as you see the resume candle it was too strong and I held it and banked right at end of the hourly candle and new one.. happy with that result. {image}
Hi

On close of which bar have you placed your ELs for the last 2 trades?
It seems as if you have not been defensive on the last long trade
Regards
  • #315
  • Sep 16, 2014 3:21am Sep 16, 2014 3:21am
Quoting howard
{quote} Hi On close of which bar have you placed your ELs for the last 2 trades? It seems as if you have not been defensive on the last long trade

by looking at my chart and zooming in on it you should see where i exactly put them.. there is also the TE at your disposal to help out even further.

about defensive... i thought i gave a good explanation about it on my last post..
but to add to it... you see the wicks.. that also gives confidence that there is weakness on the short side too.. so on the strong resume instead of making a out at BE area i held it a bit longer within seconds it got near my target.. so banked it quick.
so keeping greed in check where a losing trade turned to a decent winner.. grateful and preserve.

I hope it clear
Passion, Persist, Patience, Protect
  • #316
  • Sep 16, 2014 3:26am Sep 16, 2014 3:26am
Quoting FXEmpire
{quote} by looking at my chart and zooming in on it you should see where i exactly put them.. about defensive... i thought i gave a good explanation about it on my last post.. but to add to it... you see the wicks.. that also gives confidence that there is weakness on the short side too.. so on the strong resume instead of making a out at BE area i held it a bit longer and withing seconds it got near my target.. so banked it quick. I hope it clear
As you've said Empire, there are times to be defensive and times to attack

Just wondering, if choose to hold a position on a small pullback and it ends up making a new EL do you keep it open for the new TP level or are you just happy to bag the previous (original) EL pips?... if you get what I mean

Edit: Perhaps not completely clear so PA goes like this- open @EL price goes a bit higher, eg. +3 pips, drops 6 pips and hovers for 10 min then comes back to the +3 level which is now a new EL...
As the lights go by so too do the shadows move
  • #317
  • Sep 16, 2014 3:32am Sep 16, 2014 3:32am
Quoting FXEmpire
2nd trade long good for +4.. It took a while and i was ready to even dump it on the resume, considering being right at the DO and making jittery moves.. but as you see the resume candle it was too strong and I held it and banked right at end of the hourly candle and new one.. happy with that result. {image}
So are you modified your strategy?
I believe that the "old way" was more safe and the "new way" is more risky.
  • #318
  • Sep 16, 2014 3:33am Sep 16, 2014 3:33am
Quoting Matts Micro
{quote} As you've said Empire, there are times to be defensive and times to attack Just wondering, if choose to hold a position on a small pullback and it ends up making a new EL do you keep it open for the new TP level or are you just happy to bag the previous (original) EL pips?... if you get what I mean
sorry I don't clearly understand your question..
Passion, Persist, Patience, Protect
  • #319
  • Sep 16, 2014 3:35am Sep 16, 2014 3:35am
Quoting Flaviu1981
{quote} So are you modified your strategy? I believe that the "old way" was more safe and the "new way" is more risky.
No not a big modify... sometimes still got to go with low/high...

it actually more safe..
Passion, Persist, Patience, Protect
  • #320
  • Sep 16, 2014 3:48am Sep 16, 2014 3:48am
long out at BE... here is a defensive play based on various reasons..
- Trigger is stuck at a recent high... i gave it a chance by firstly to take action, but with a tiny tolerance to make the move that I want quick and clean.
- German z in within 15 min.. so pre spikes are in store as well..
- I am up two positive trades.. need one or two more to make the DG and got all day to do it.. so taking my time and next probably better opportunity than this one that is messing around.

make sense!!..
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Passion, Persist, Patience, Protect
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