patience paid off.. GU to TP Udine {image}
Heikin Ashi in the trash can from now?
flx69
As simple as possible: 00 level trading
- #20,521
- Oct 31, 2014 5:19am Oct 31, 2014 5:19am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
Heikin Ashi in the trash can from now?
flx69
- #20,522
- Oct 31, 2014 5:22am Oct 31, 2014 5:22am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
udine, snail, , what is the winning % of the system ?
- #20,523
- Oct 31, 2014 5:24am Oct 31, 2014 5:24am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
Late night trade! Trade #1 NU to SL Bad luck or bad trade? Greetz Michael {image}
You´re getting better at this, I can see a clear uptrend in the success rate of your trades
However, although you might have itchy fingers, it´s better to focus on London Open and if needed NYO.
Plenty of opportunities during those times, the Asian session is a world in itself (as are the Kiwi crosses).
flx69
- #20,524
- Oct 31, 2014 5:26am Oct 31, 2014 5:26am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
{quote} Déjà vuHad the same case a couple of times with UCHF. It remains one of the very tricky pairs for me. I was on the verge of taking the same #1 as you, but I didn´t. Then I saw opportunity #2, but seeing how #1 finished, I thought better of it... flx69
- #20,525
- Oct 31, 2014 5:27am Oct 31, 2014 5:27am
I also took the GU to TP.
Think i'm finished for the week, this week net + 2.5% (all costs deducted)
I have slightly changed some rules so the system suites me better. I could not live with the the fact that for each loss i had to make three winners to break even.
When one starts trading bigger size this becomes less important, but for me it was too hard.
Can't thank you enough Udine, because you made me realise that you dont have to be in the market all the time.
Fast in, Fast out, take small bites. Trading Piranha style
It took me a while to grow the patience to wait for the best setups, but this is where my changes off the rules play a big role.
I now have much more confidence and with that the patience and discipline is more easy to do.
Green pips to all!
Think i'm finished for the week, this week net + 2.5% (all costs deducted)
I have slightly changed some rules so the system suites me better. I could not live with the the fact that for each loss i had to make three winners to break even.
When one starts trading bigger size this becomes less important, but for me it was too hard.
Can't thank you enough Udine, because you made me realise that you dont have to be in the market all the time.
Fast in, Fast out, take small bites. Trading Piranha style
It took me a while to grow the patience to wait for the best setups, but this is where my changes off the rules play a big role.
I now have much more confidence and with that the patience and discipline is more easy to do.
Green pips to all!
Persistence will get it. Consistency will keep it.
- #20,527
- Oct 31, 2014 5:38am Oct 31, 2014 5:38am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
I also took the GU to TP. Think i'm finished for the week, this week net + 2.5% (all costs deducted) I have slightly changed some rules so the system suites me better. I could not live with the the fact that for each loss i had to make three winners to break even. When one starts trading bigger size this becomes less important, but for me it was too hard. Can't thank you enough Udine, because you made me realise that you dont have to be in the market all the time. Fast in, Fast out, take small bites. Trading Piranha style
make it fit your personality and grow your account !!
Udine
Sleep less, live fast, as it aint gonna last
I also took the GU to TP. Think i'm finished for the week, this week net + 2.5% (all costs deducted) I have slightly changed some rules so the system suites me better. I could not live with the the fact that for each loss i had to make three winners to break even. When one starts trading bigger size this becomes less important, but for me it was too hard. Can't thank you enough Udine, because you made me realise that you dont have to be in the market all the time. Fast in, Fast out, take small bites. Trading Piranha style
Hello Chake,
May I ask what change you made to the system for yourself as I also get nervous with the fact that one loser means I have to get two winners.
Although I am only currently trading extremely small lots
- #20,533
- Oct 31, 2014 7:20am Oct 31, 2014 7:20am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
Porta itineris dicitur longissima esse
- #20,534
- Oct 31, 2014 7:37am Oct 31, 2014 7:37am
GU short to TP - I am finished for the week.
Good luck for everyone still trading and see you all next week.
I would like to have a little self-reflection, I hope you don't mind.
This week I started with many losses which I didn't post because I was trading against the rules. But what I discovered is what everyone is keep repeating (including me) is patience and discipline. However, I found this is the hardest part of all to keep myself to, as once I had a loosing trade I was desperate to correct it and get back on track which meant I made panicked and wrong decisions as to where and when I should enter a trade. Which of course resulted in more loosing trades.
I am still reading this thread, I am at page 338, and trying to contribute with trades I took that was within the rules. But the hardest part is to be patient and disciplined, to which I try to train myself.
Towards the middle of this week I strictly just followed the rules ,although not jumping into every possible trade, but using discretionary judgement and S/R levels, Pivot levels to determine a higher probability of a winning trade. And of course my trades were much better.
So, all in all, what I wanted to say (mostly to myself) is PDF is one of most important aspect with this method and I will have to keep myself to it.
Udine, thanks for posting your trades again. They really are a great insight of your thinking....
Have a good weekend everyone!
BB
Good luck for everyone still trading and see you all next week.
I would like to have a little self-reflection, I hope you don't mind.
This week I started with many losses which I didn't post because I was trading against the rules. But what I discovered is what everyone is keep repeating (including me) is patience and discipline. However, I found this is the hardest part of all to keep myself to, as once I had a loosing trade I was desperate to correct it and get back on track which meant I made panicked and wrong decisions as to where and when I should enter a trade. Which of course resulted in more loosing trades.
I am still reading this thread, I am at page 338, and trying to contribute with trades I took that was within the rules. But the hardest part is to be patient and disciplined, to which I try to train myself.
Towards the middle of this week I strictly just followed the rules ,although not jumping into every possible trade, but using discretionary judgement and S/R levels, Pivot levels to determine a higher probability of a winning trade. And of course my trades were much better.
So, all in all, what I wanted to say (mostly to myself) is PDF is one of most important aspect with this method and I will have to keep myself to it.
Udine, thanks for posting your trades again. They really are a great insight of your thinking....
Have a good weekend everyone!
BB
- #20,537
- Oct 31, 2014 7:51am Oct 31, 2014 7:51am
{quote} @Michael You´re getting better at this, I can see a clear uptrend in the success rate of your trades
Greetz Michael
- #20,538
- Oct 31, 2014 7:52am Oct 31, 2014 7:52am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #20,540
- Oct 31, 2014 8:17am Oct 31, 2014 8:17am
- | Additional Username | Joined Apr 2014 | 1,054 Posts