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Trading is as simple as ABCD

  • #2,061
  • Oct 31, 2014 4:44am Oct 31, 2014 4:44am
Quoting clivepackham
{quote} Good morning Mr V. Absolutely spot on!!! Very very wise words as usual Mr V. I took that sell got stopped out at BE and becos I was looking down missed the perfect buy trade that would be up about 50 pips by now.... But why do I still do that??? Why do i look for the reversal???? Just a crazy belief I know better than the market rather than trading the actual price action??? Like you say Discipline, discipline, discipline thats my whole issue but I'm getting there...Its the last piece of the jig saw.... Close very very close....
Hi Clive, in quite a few areas I admire how you have gone about things but of course there are a couple of massive problems getting in the way of what I really believe could be great success.

You are very close and the sooner you have a "no trade if its not system" policy (and then who the heck cares if it did pan out or not) the better for you.
  • #2,062
  • Oct 31, 2014 5:10am Oct 31, 2014 5:10am
Quoting Vantage
{quote} Hi Clive, in quite a few areas I admire how you have gone about things but of course there are a couple of massive problems getting in the way of what I really believe could be great success. You are very close and the sooner you have a "no trade if its not system" policy (and then who the heck cares if it did pan out or not) the better for you.
Yep thats about the size of it, I'm still trying to catch every move as I'm terrified of missing out which of course causes all my problems. You are quite right the sooner I learn to say no to non system trades the better....

I'm sure every successful trader has had to gone through similar issues before coming out the other side and I will too. Every time I take a naff entry I learn eevry time they are not worth it even if they work they are hard work compared to system trades which just fly....

I promise you I'm listening its just taking its time to sink in....
Feel the Fear and do it anyway!!!
  • #2,063
  • Nov 2, 2014 1:15pm Nov 2, 2014 1:15pm
Hi clivepackham

I trade in 15min and H1 TF,if you can show me how to set up.

thx
  • #2,064
  • Nov 2, 2014 1:27pm Nov 2, 2014 1:27pm
Quoting clivepackham
{quote} Yep thats about the size of it, I'm still trying to catch every move as I'm terrified of missing out which of course causes all my problems. You are quite right the sooner I learn to say no to non system trades the better.... I'm sure every successful trader has had to gone through similar issues before coming out the other side and I will too. Every time I take a naff entry I learn eevry time they are not worth it even if they work they are hard work compared to system trades which just fly.... I promise you I'm listening its just taking...
Recognizing and then acknowledging is the first step. Well done. Now develop an effective plan to change with rewards and punishments.
  • #2,065
  • Edited 6:24pm Nov 2, 2014 6:10pm | Edited 6:24pm
Just had a quick look at charts before going to bed as developing an EOD strategy to trade Daily charts, but saw this setting up and as GBPJPY is so overbought its not true I thought I'd take this reversal setup. See how GBPJPY is top of 5 min TTindy green and 3rd on 1 min but red?? Thats a surefire reversal setup and as the 100lwma has just changed colour thought I'd take a shot at it, going to bed now so will have a look in the morning and see what we've caught...

Will answer your question tomoz morning Blueface when I'm up and settled tomoz morning...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 58 KB
Feel the Fear and do it anyway!!!
  • #2,066
  • Nov 2, 2014 6:11pm Nov 2, 2014 6:11pm
Quoting buzzsaw
{quote} Recognizing and then acknowledging is the first step. Well done. Now develop an effective plan to change with rewards and punishments.
Thanks Buzzsaw sound advice and I'm working on it trust me, I'm working on it....
Feel the Fear and do it anyway!!!
  • #2,067
  • Nov 2, 2014 6:15pm Nov 2, 2014 6:15pm
So far so good....

Just a quick aside here to MR V. wave trader locked and armed....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 60 KB
Feel the Fear and do it anyway!!!
  • #2,068
  • Nov 2, 2014 11:14pm Nov 2, 2014 11:14pm
Quoting clivepackham
JWill answer your question tomoz morning Blueface when I'm up and settled tomoz morning... {image}
OK,thx clivepackham,you are so kind..
  • #2,069
  • Nov 3, 2014 2:18am Nov 3, 2014 2:18am
Quoting clivepackham
So far so good.... Just a quick aside here to MR V. wave trader locked and armed.... {image}

Out for nout at 7.30 this morning would of been up about 50 pips at one time but there you go, have to sleep sometime. Was hoping that GBPJPY would fall over night from its dizzy heights of Friday but the market had other ideas....

Looking at this daily chart of GBPJPY we might expect a reversal at 181.00 sometime this morning...Last time it was up here it dropped over 1200 pips, Hmmm that would be nice to catch for sure...
Attached Image (click to enlarge)
Click to Enlarge Name: Nice daily setup.png Size: 83 KB
Feel the Fear and do it anyway!!!
  • #2,070
  • Nov 3, 2014 3:03am Nov 3, 2014 3:03am
But the market knows best so setup for a buy so who am I to argue with the market???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 67 KB
Feel the Fear and do it anyway!!!
  • #2,071
  • Nov 3, 2014 4:28am Nov 3, 2014 4:28am
Looking Good.....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #2,072
  • Nov 3, 2014 4:33am Nov 3, 2014 4:33am
This is getting silly....427 pips up and no sign of stopping, when and how do I decide to close out????
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #2,073
  • Nov 3, 2014 4:39am Nov 3, 2014 4:39am
500 pips from a 1 minute chart, just noise I guess....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #2,074
  • Nov 3, 2014 5:52am Nov 3, 2014 5:52am
A word from the cheap seats....In my opinion, you should stop tweaking what you are doing and see what is obvious to the rest of us. You are there. You have your system! It is time to trade live! Surely there is something around your house, or a few things, worth $25 to $50 that you could deposit. Heck, at the rate you are going, you could deposit from a credit card and pay it off the next month with profit!

Again, this is just my observation, but it seems that your constant tweaking may be a cover for your fear of going live. I may be way off base, Lord knows I have been before. Let me encourage you to stick with your 100LWMA, your TT, and your CCI, and then make it happen. Quit looking for something else. There is nothing else on your journey. If you want to see about your EOD idea, so be it. You will still have your demo account when you open a live one. Keep looking for it, but in the meantime, start making money!! You are already doing it.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,075
  • Nov 3, 2014 6:00am Nov 3, 2014 6:00am
Just banked over 200 pips from 3 earlier trades when it pulled back a bit but added on some good entries in that range and now another 600 pips up, when will this end????
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #2,076
  • Nov 3, 2014 6:07am Nov 3, 2014 6:07am
Just banked another 200 odd pips but as it pulled back , but should I have done??? Its pushing ever higher with no sign of it ending with HH after HH so why did I bank???

Guess its the old feeling of "It just can't keep going like this can it??" It has to come back big time sooner or later, but then you have to think whoose going to sell into this??? I wouldn't would you??? But someone is buying big time thats for sure and theres only one guy I know big enough to sustain this buying pressure. gotta be my old friend Fred at BOJ got firm orders from his boss to buy buy buy......

Who cares who it is just follow the money, seems to be working ok today up about 700 pips from a 1 min chart, can't be bad can it???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #2,077
  • Nov 3, 2014 6:19am Nov 3, 2014 6:19am
Quoting clivepackham
Just banked another 200 odd pips but as it pulled back , but should I have done??? Its pushing ever higher with no sign of it ending with HH after HH so why did I bank??? Guess its the old feeling of "It just can't keep going like this can it??" It has to come back big time sooner or later, but then you have to think whoose going to sell into this??? I wouldn't would you??? But someone is buying big time thats for sure and theres only one guy I know big enough to sustain this buying pressure. gotta be my old friend Fred at BOJ got firm orders from...
Not every day will be like this of course but when they do kick into a major move, well to see how you have nailed it is stunning.
  • #2,078
  • Nov 3, 2014 6:31am Nov 3, 2014 6:31am
Quoting Vantage
{quote} Not every day will be like this of course but when they do kick into a major move, well to see how you have nailed it is stunning.

Thanks Mr V. for your kind words it means a lot to me, but I couldn't of done it without your help

It just came down for another entry but I just couldn't take it , just can't believe its going to keep going??? It can't can it????

The system trade is to buy here off of this 100lwma good old Fred's favourite entry but even Fred must run out of money sometime surely???
Feel the Fear and do it anyway!!!
  • #2,079
  • Nov 3, 2014 6:35am Nov 3, 2014 6:35am
Well looks like I should of gone for it Fred obviously is....

Attached Image (click to enlarge)
Click to Enlarge Name: Freds favourite entry.png Size: 50 KB
Feel the Fear and do it anyway!!!
  • #2,080
  • Nov 3, 2014 6:35am Nov 3, 2014 6:35am
Quoting clivepackham
{quote} Thanks Mr V. for your kind words it means a lot to me, but I couldn't of done it without your help It just came down for another entry but I just couldn't take it , just can't believe its going to keep going??? It can't can it???? The system trade is to buy here off of this 100lwma good old Fred's favourite entry but even Fred must run out of money sometime surely???

Maybe with 5 or 6 trades open still you can afford to sit back and watch what happens!!!

Looks like you'll need a big wheelbarrow for your trips to the atm machine!!!
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