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Consequence Pilot Level Trading

  • #361
  • Sep 17, 2014 2:20am Sep 17, 2014 2:20am
last short trade out for -2.. too much messing around the level... seems like not ready to make a bear move atm..
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Passion, Persist, Patience, Protect
  • #362
  • Sep 17, 2014 2:50am Sep 17, 2014 2:50am
Quoting FXEmpire
last short trade out for -2.. too much messing around the level... seems like not ready to make a bear move atm.. {image}
I was in same trade and I would have got out too but I had internet probs... had to eventually restart my system, out for -6.4. Another reason as I mentioned before to have hard stoploss... nm not too much dmg done. I am back in with the buy.
As the lights go by so too do the shadows move
  • #363
  • Sep 17, 2014 3:06am Sep 17, 2014 3:06am
last buy out at BE... no explanation just dog shit pa..

sob will run now.. lol
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Passion, Persist, Patience, Protect
  • #364
  • Sep 17, 2014 3:55am Sep 17, 2014 3:55am
short good for +5.. this was a nice clean winner.. back to BE for the day.. its been a battle.
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Passion, Persist, Patience, Protect
  • #365
  • Sep 17, 2014 6:45am Sep 17, 2014 6:45am
Couple recent trades here... pretty much for BE both side..

it's tough market as is expected...

Take look at the last red candle.. quick sudden 15 pips move is a example of when market is awaiting a major news... some major player dumping some eu or changing around stops/targets, stuff like that.
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Passion, Persist, Patience, Protect
  • #366
  • Sep 17, 2014 8:02am Sep 17, 2014 8:02am
Thanks for the trading method, FXEmpire. : )

I only look for the EL that in the same direction as daily direction (from daily open line).
I think this way may help improving trading result.

ps. sorry for my English. I don't know if I use it correctly or not. ; )
  • #367
  • Sep 17, 2014 8:23am Sep 17, 2014 8:23am
Quoting Kouen
Thanks for the trading method, FXEmpire. : ) I only look for the EL that in the same direction as daily direction (from daily open line). I think this way may help improving trading result. ps. sorry for my English. I don't know if I use it correctly or not. ; )
YW..

I don't agree but your more than welcome to do as you like.

best of luck.
Passion, Persist, Patience, Protect
  • #368
  • Sep 17, 2014 8:28am Sep 17, 2014 8:28am
Quoting Matts Micro
{quote} I was in same trade and I would have got out too but I had internet probs... had to eventually restart my system, out for -6.4. Another reason as I mentioned before to have hard stoploss... nm not too much dmg done. I am back in with the buy.
Friggin internet is dead. My phone lines have died. The phone company are going to research tomorrow (11:15 pm here). But as a smart trader I have a back up IP on a wireless USB, though had to buy some pre-paid and my connection is a little slower too but at least I'm not dead in the water .

Needless to say that I didn't finish todays testing. I was about B.E. with 5 trades before shite hit the fan.

Empire don't be disheartened by this weeks results, it is a difficult week imo with much news and uncertainty in the air. Tomorrow may not be a great day for trading this strat as well with Scottish votes. Also I have found in the past, trying to post trades and trade at the same time can be off-putting. Don't let this forum distract you from your true goal. That said, as I'm sure your aware, we are all grateful to you for sharing your strategy and T.E.
As the lights go by so too do the shadows move
  • #369
  • Sep 17, 2014 8:50am Sep 17, 2014 8:50am
Quoting Matts Micro
{quote} Friggin internet is dead. My phone lines have died. The phone company are going to research tomorrow (11:15 pm here). But as a smart trader I have a back up IP on a wireless USB, though had to buy some pre-paid and my connection is a little slower too but at least I'm not dead in the water . Needless to say that I didn't finish todays testing. I was about B.E. with 5 trades before shite hit the fan. Empire don't be disheartened by this weeks results, it is a difficult week imo with much news and uncertainty in the air. Tomorrow may not...
I appreciate your kind words Matt..

Believe it or not even in this tough market I can make money and I have done so... the losses are all due to my own negligence... both yesterday and today I allowed myself to be on trades from both side, which is a big no no for what i do... so high confidence is back firing and too aggressive for my own good. Gotta admit that stupid loss yesterday is kinda effecting me today.
i am a honest straight forward guy.. so i mention when i screw up.

however it's all good... i am fine.. the posting does not effects me as it keeps me busy to talk trades and interact between trades.
Will bounce back without a doubt just gotta go back to the patience game.

Thanks again.
Passion, Persist, Patience, Protect
  • #370
  • Sep 17, 2014 9:21am Sep 17, 2014 9:21am
Quoting FXEmpire
{quote} I appreciate your kind words Matt.. Believe it or not even in this tough market I can make money and I have done so... the losses are all due to my own negligence... both yesterday and today I allowed myself to be on trades from both side, which is a big no no for what i do... so high confidence is back firing and too aggressive for my own good. Gotta admit that stupid loss yesterday is kinda effecting me today. i am a honest straight forward guy.. so i mention when i screw up. however it's all good... i am fine.. the posting does not effects...
Good to hear mate and your very welcome

I plan to start using a small live micro account next week for testing and will throw it up on a T.E. if I do. I used this week to get my head around the strat and to slowly work it into my management scheme (failed at times lol). I now have my screens/platforms setup so I can keep an eye on both. The thing I like about scalping strats like this is even though the market changes continuously these types of methods keep true.
As the lights go by so too do the shadows move
  • #371
  • Sep 17, 2014 10:18am Sep 17, 2014 10:18am
Hi
Just want to thank you the market clock...I was looking for something for a while, and the one in your OP is just perfect for this job!


Else:
Matt said:
"Friggin internet is dead. My phone lines have died. The phone company are going to research tomorrow (11:15 pm here). But as a smart trader I have a back up IP on a wireless USB, though had to buy some pre-paid and my connection is a little slower too but at least I'm not dead in the water ."

100% right on the spot!! A back up internet connection is a MUST!
there is always, always another trade!!
  • #372
  • Sep 17, 2014 10:20am Sep 17, 2014 10:20am
Quoting Matts Micro
{quote} Good to hear mate and your very welcome I plan to start using a small live micro account next week for testing and will throw it up on a T.E. if I do. I used this week to get my head around the strat and to slowly work it into my management scheme (failed at times lol). I now have my screens/platforms setup so I can keep an eye on both. The thing I like about scalping strats like this is even though the market changes continuously these types of methods keep true.
very true..

I wish you luck and good skill once you start that account.
Passion, Persist, Patience, Protect
  • #373
  • Sep 17, 2014 10:58pm Sep 17, 2014 10:58pm
Good morning to all..

Getting prepared for today's trading where there is all kinds of news with Scottish vote going on all day... so we are in for sudden unexpected whipper moves, lol..
Fed news is behind us as it worked in the favor of the dollar, Dow closed all time high as it serves a physiological effect overall, so again good for dollar I presume. I took lil advantage on that bear move with a small short trade going on at it inside +100 pips profit as of now, so happy about that little note after the dismal week that I been having.
The main trend on EU is bearish strongly now, popping out of the week long bear box with another leg down.

We got to play solid but safe today..

Trade well.


Let's rock...
Passion, Persist, Patience, Protect
  • #374
  • Sep 18, 2014 12:23am Sep 18, 2014 12:23am
just something fun while waiting for setup to form...


This is my short off the fed news... after the major reaction appeared to be bearish.. i decided to take a shot at short off the pullback for 1/6th of normal lot size... it worked and I will let it run for a while bcz it's within trend and risk free for me.
I am having a bad week otherwise I would have gone in half lot on it.. it looked too good to not take shot at.
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Passion, Persist, Patience, Protect
  • #375
  • Edited 1:17am Sep 18, 2014 1:07am | Edited 1:17am
1st trade long out for -2.. right before it shoot up to target.. jinxed me out of winner..

That immediate bold bear candle FO put me on the defensive mood right away... so on first resume chance to around BE point I out it... amazingly enough the candle that i exited was fucking around the whole time till the last minutes of it... but took off bull in the end.. so a bit frustrating when this kind of things happens and could throw one off... but the key is to move on and stay intact to the plan and avoid doing crazy things... I will try, lol.,as this disgusting week is continuing.
those of you who might be a religiously follower should understand how valuable this insight that i am giving out truly is.

anyways moving on...
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Passion, Persist, Patience, Protect
  • #376
  • Sep 18, 2014 2:38am Sep 18, 2014 2:38am
short good or +5... i put the PO back in place after I saw the news took a sharp FO move, it looked to drop big.. anyhow good for the target.
this could open a series of short trades for now till NY open...
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Passion, Persist, Patience, Protect
  • #377
  • Sep 18, 2014 2:56am Sep 18, 2014 2:56am
Hypothetically the DG is meet by what has occurred so far.. three possible signals all winners, two of them clean winners.
by looking at my last chart its clearly visible.. (blue lines are EL's that has triggered and yellow are the ones that has not and are void)

I got jinxed out of one... second one I was having lunch... 3rd one banked full target...
Passion, Persist, Patience, Protect
  • #378
  • Sep 18, 2014 3:14am Sep 18, 2014 3:14am
Thanks for beeing honest. This is the only thing that matters in trading.
Better to learn when you see what can happen than everything going well all rhe time.

Good to see real traders sharing .

Looking forward to see more.
  • #379
  • Sep 18, 2014 3:16am Sep 18, 2014 3:16am
Quoting FXEmpire
Hypothetically the DG is meet by what has occurred so far.. three possible signals all winners, two of them clean winners. by looking at my last chart its clearly visible.. (blue lines are EL's that has triggered and yellow are the ones that has not and are void) I got jinxed out of one... second one I was having lunch... 3rd one banked full target...
Lunch?? no time for lunch, this forex is a serious business.. haha, well done, again the system looks good.

Not trading it today, too many things going on as I've being organising my internet connection repairs, plus managing open positions.

Be back tomorrow.
As the lights go by so too do the shadows move
  • #380
  • Sep 18, 2014 3:28am Sep 18, 2014 3:28am
Quoting Matts Micro
{quote} Lunch?? no time for lunch, this forex is a serious business.. haha, well done, again the system looks good. Not trading it today, too many things going on as I've being organising my internet connection repairs, plus managing open positions. Be back tomorrow.

yep, money never sleeps, lol...

get that internet con going and start kicking ass next week.
Passion, Persist, Patience, Protect
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