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  • #2,121
  • Nov 4, 2014 12:53pm Nov 4, 2014 12:53pm
Quoting clivepackham
Interestingly I could of scalped off some pips in those last 2 GBPJPY moves but I'm thinking more along the lines of entering strong moves on the 1 min and holding for the bigger move. It worked really well yesterday with over 600 pips, now I know thats an extreme example but 600 pips is a lot of little orphans... The difference with my system and most 1 minute scalper systems is that I'm trading with the strongest trenders so can expect bigger moves when I get it right like yesterday... Might mean I missout on a couple of quick scalps today but...
That is simply amazing man and I'm so happy to see that you have such a good grasp on placing your entries and stuff. I'm also surprised that you haven't went live yet because you are already so good probably better than a lot of veteran traders at that...LOL!

But man thank you for this awesome thread, system, tools and for the motivation! And I also must mention that you are an inspiration for me to keep striving at getting better because I too have not went "live" yet!!!

I'll meet ya at the top bro
It's time we stop entertaining ourselves and start realizing ourselves!
  • #2,122
  • Nov 4, 2014 5:25pm Nov 4, 2014 5:25pm
Quoting moneyflow21
{quote} That is simply amazing man and I'm so happy to see that you have such a good grasp on placing your entries and stuff. I'm also surprised that you haven't went live yet because you are already so good probably better than a lot of veteran traders at that...LOL! But man thank you for this awesome thread, system, tools and for the motivation! And I also must mention that you are an inspiration for me to keep striving at getting better because I too have not went "live" yet!!! I'll meet ya at the top bro

Hi moneyflow21,

Another great name, why didn't I think of something original like that???? Instead of typing my actual name in??? How boring is that?? Should of called myself "No Fear" thats cool.

Hey Admin, can I change my name please???

Thanks for your comments my friend its really kind of you, I sometimes wonder if anyones reading it as not many guys comment nowadays. I really enjoy doing this thread warts and all!!!

As for going "Live" well might be happening sooner than later as someone has contacted me about trading their funds for them, can't be bad can it? Would love a fulltime job trading, wouldn't seem like a job to be honest just doing something I absolutely love all day and getting paid for it, awesome.
Feel the Fear and do it anyway!!!
  • #2,123
  • Nov 4, 2014 5:34pm Nov 4, 2014 5:34pm
Quoting Rodriquez
Looking for day traders to trade big size accounts Equitie BP starts from 50k to few m's with perspective to grow. Profit target 2-4 % per month. For short period of time traders will have to use a demo platform before they will get a real account. Steady day traders only. For more info contact v.baika @inbox.lt

This was interesting, contacted the guy and its about trading their funds for them and earning 50% of the profit you make, paid monthly..

Anyone heard of this before?? Only trouble is they want me to trade stocks, which is not really my thing but hey ho beggers can't be choosers, I guess. Anyone know of similar setups but trading Forex??? Really fancy my chances of earning serious bucks trading forex as know it inside out now but Stocks??? Hmmm not so sure???

Anyone know of someone wanting a forex trader to trade their funds for them???? Are there any companies out there like this????
Feel the Fear and do it anyway!!!
  • #2,124
  • Nov 4, 2014 5:47pm Nov 4, 2014 5:47pm
Quoting monty505
lol dude, 1 min is crazy, but your battles with GBP/JPY are amusing - my charts 4H and above say all's well for now, so good luck with the longs - I'm just gonna wait till the daily break out to actually happen. I see that both of us tried to capture the GBP/CAD - any advice on how to handle news volatility without exiting? I'm thinking hedging but I don't know, not moving the stop loss to BE would have worked for me. cheers.

Forgot to answer your question about trading around news releases or rather how to hold through one...

Well can't be done any sense really all I would do is close out trade just before news as a spike can kill your trade dead... If you're talking about a longterm trade that you're holding and its near the current price then all i would suggest is close out trade before news and 20 mins after if your longer term trade idea still holds, then just open trade up at market and place stop accordingly and go from there, all you've lost is the spread... But could of saved yourself a fortune if spike against your trade, but of course could have cost you pips if spike with your trade...

Interestingly this can work very well if spike against your trade as then it might present you with a better position when you re-enter on a spike fade entry... however if spike with your trade then try to enter on spike retracement entry...

Of course if its a non event release and hardly moves price just pop your trade back on close as you can to where you took it off.

Either way better than gambling on the spike being right....

Hope that helps...
Feel the Fear and do it anyway!!!
  • #2,125
  • Nov 5, 2014 1:35am Nov 5, 2014 1:35am
Started the day with a 14 pip loser, but trying to get it back from this sharp reversal that caught me earlier...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 69 KB
Feel the Fear and do it anyway!!!
  • #2,126
  • Nov 5, 2014 1:42am Nov 5, 2014 1:42am
Hmmm the Dragons in a fiery mood this morning so just settled for a quick 12 pips back, not that I'm revenge trading but it does feel nice to take some back
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 66 KB
Feel the Fear and do it anyway!!!
  • #2,127
  • Nov 5, 2014 3:11am Nov 5, 2014 3:11am
Nice tight entry and straight to BE same candle so risk off table now lets see if it goes or not???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #2,128
  • Nov 5, 2014 3:14am Nov 5, 2014 3:14am
3 minutes and 12.8 pips thank you very much...

After yesterdays holding day going back to orphan cuddling today...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 69 KB
Feel the Fear and do it anyway!!!
  • #2,129
  • Nov 5, 2014 3:36am Nov 5, 2014 3:36am
Post news trading strategy looking good...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #2,130
  • Nov 5, 2014 3:46am Nov 5, 2014 3:46am
Safely added another trade but you can't see it behind the 1.5900 level but uts there and at BE too, break and retest of BRN...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 64 KB
Feel the Fear and do it anyway!!!
  • #2,131
  • Nov 5, 2014 3:47am Nov 5, 2014 3:47am
Banked 2nd trade will leave this other one to run...
Feel the Fear and do it anyway!!!
  • #2,132
  • Nov 5, 2014 3:53am Nov 5, 2014 3:53am
Banked that one too as it was struggling for too long, trouble with GBPUSD in my experience its the counter scalpers toy boy and they always pull it back from extremes...total gain 17.7 pips.

The reason I'm banking orphans today is that yesterday I reviewed my days work as I always do and discoverred I was about 220 pips up yesterday at one time or another yet only came out with 23 pips???!!! Mad or what so today its back to orphan grabbing unless it moves a serious amount away ...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #2,133
  • Nov 5, 2014 3:55am Nov 5, 2014 3:55am
What do you mean by banking orphans? Are you referring to open positions that are idling away
  • #2,134
  • Nov 5, 2014 3:59am Nov 5, 2014 3:59am
Perfect setup on GBPAUD so give it a go can't turn down a AAA+ entry like this...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 58 KB
Feel the Fear and do it anyway!!!
  • #2,135
  • Nov 5, 2014 4:02am Nov 5, 2014 4:02am
Not going to orphan grab this as too good its gotta be a 25 pip run to 1.8325 surely??? Probably regret it but sometimes you've got give it a go...
Feel the Fear and do it anyway!!!
  • #2,136
  • Nov 5, 2014 4:05am Nov 5, 2014 4:05am
nope another 10 pips wasted....Hmmmmm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 54 KB
Feel the Fear and do it anyway!!!
  • #2,137
  • Nov 5, 2014 4:16am Nov 5, 2014 4:16am
You know when my last EURAUD trade got taken out at BE I nearly bought that HL, wish I had now. But then I bought the spike retracement for a quick 19.4 pips and I'm back in again and at BE for the long haul...

Anyone know what this spikes about???

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1spike.png Size: 56 KB
Feel the Fear and do it anyway!!!
  • #2,138
  • Nov 5, 2014 4:55am Nov 5, 2014 4:55am
Nearly time for my morning cuppa just try this GBPCAD sell b4 tea..

OOPs all done for 12.2 pips in that for about a minute...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 60 KB
Feel the Fear and do it anyway!!!
  • #2,139
  • Nov 5, 2014 4:58am Nov 5, 2014 4:58am
Actually I lied it took 3 mins ...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 48 KB


Definitely time for my morning cuppa now...
Feel the Fear and do it anyway!!!
  • #2,140
  • Nov 5, 2014 5:04am Nov 5, 2014 5:04am
Quoting foobar
What do you mean by banking orphans? Are you referring to open positions that are idling away

Hi Foobar

No, a fellow trader here by the name of Capstone told me about "Orphan pots" in poker. If you're a poker player you're understand becos apparently the best Poker players just keep taking the orphan pots when no one else is interested. but lots of orphans add up to a lot of cash at the end of the day...

So he advised me to take the smaller profits as I was losing out to BE trades all day long and letting my winners disappear, so we call me grabbing the smaller momentum runs "Orphans".

Just means stop holding for the longer runs and grab the little f*****s before they're gone!!!!

Hope that makes sense...
Feel the Fear and do it anyway!!!
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