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Cutting the cord with M1 scalps

  • #321
  • Nov 11, 2014 5:45pm Nov 11, 2014 5:45pm
Quoting clivepackham
{quote} Hey, did you enter that by limit order on that 75 level??? What were you modifying by the way???
It was actually a dreaded market order. I was modifying by adding a stop loss. My intent was to be able to drag it with the move, making it a manual trailing stop. Oh well. I am definitely getting there and am enjoying this more and more. I am not going to guarantee I will not take a CT, because I probably will, but I will stick with the momentum more often than not.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #322
  • Nov 12, 2014 4:05am Nov 12, 2014 4:05am
Boom. This is what I am talking about! Thank you Jesus!

A sell here based on Mongo's quarters and Clive's CCI! What a team you two make!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 48 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #323
  • Nov 12, 2014 6:30am Nov 12, 2014 6:30am
Quoting capstone
Boom. This is what I am talking about! Thank you Jesus! A sell here based on Mongo's quarters and Clive's CCI! What a team you two make! {image}

Great trade my man

Quality entry off of Mongos quarter especially when its been used as support on last drive down.Also right up close to 100lwma quality signal. Don't take all the CCI signals just the qualifiers, but in a strong trend like this most will work. Nice exit too right on point B, nice little fat orphan.

Great trade.
Feel the Fear and do it anyway!!!
  • #324
  • Nov 12, 2014 7:23am Nov 12, 2014 7:23am
A quick trade. There is support on the H1 chart so I do not have a lot of confidence in this being a good run south. We are also in the red on RmDn based on ADR. It is starting to reverse now.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #325
  • Nov 12, 2014 9:52am Nov 12, 2014 9:52am
Hi

As for last trade I struggle to get my trend following system to work very well on GBPUSD as too many extreme scalpers looking to reverse every move down/up. If you're going to CT trade thats the pair for that...

Hey look at these figures...

Attached Image


All green!! Lets keep this going for the rest of the month!!! 4.2% in a day,

Good trading lets see if you can keep it going and turn your account around, keep it going....
Feel the Fear and do it anyway!!!
  • #326
  • Nov 12, 2014 2:36pm Nov 12, 2014 2:36pm
Good luck Cap and I appreciate the fact that you are publicly posting your Trade Explorer for all to see. That takes a lot of guts my friend!

Just a word of caution:

Don't forget to always look at the bigger picture by doing a quick top-down analysis check...

  1. Always check the Monthly Chart first for trend direction and to see where price is both technically and fundamentally
  2. Then scan the Weekly charts for strong areas and levels of S&R
  3. Then the Daily
  4. Then if you need to drop down any further for your entry, make sure to wait for a pullback and confirmation that price is aligned with the higher timeframe trends especially at so-called OB/OS levels or strong Fractal S&R levels
  5. And don't forget to utilize the Fibonacci Retracement/Expansion tool(s) with awareness of the ABCD Fractal Swing Patterns and properly set yout Targets and Stops (if you use them)

Green Pips!!

It's time we stop entertaining ourselves and start realizing ourselves!
  • #327
  • Nov 13, 2014 3:22am Nov 13, 2014 3:22am
Here is one that I would love to have gone CT on. I did not and I will wait for a valid signal, if it comes. I posted a M1 chart, but when you look at the M5 chart and the hourly chart, there is a ton of support here and a massive pinbar.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #328
  • Nov 13, 2014 3:31am Nov 13, 2014 3:31am
BTW, yesterday was a great blessing. Not because of one profitable trade, but for the day as a whole. I was done early, had the day off at the dealership, my wife had lunch at school with our youngest, did a little grocery shopping together, picked the kids up from school, then watched old family home videos as a family. WOW! My cup is full! This trading is a means to an end, that is it.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #329
  • Nov 13, 2014 3:35am Nov 13, 2014 3:35am
Here is the M5 chart. Will it retreat at the 50? Possible, based on earlier support. It also is looking like a possible 123 set up for reversal. We shall wait for the market to tell us.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #330
  • Nov 13, 2014 5:16am Nov 13, 2014 5:16am
This would have been an ideal entry that meets all criteria! I had just returned back form taking my kids to school and was eating breakfast with my youngest and wife. Missed it. The good news is that there will be another. I hope it will be soon. I go to work in an hour and a half.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 48 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #331
  • Nov 13, 2014 6:08am Nov 13, 2014 6:08am
I was in the AUDJPY trade that looked good on the M1 and the M5. Got out at BE.
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Should have been in the GBPJPY instead. Good for 15 pips in the same time.
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If I had taken the time to consider my strength meter in the upper right corner, the GBPJPY would have been obvious...next time.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #332
  • Nov 14, 2014 3:36am Nov 14, 2014 3:36am
I arrived late this morning. I have a deviated septum as a result of breaking my nose (which can be read about earlier in this thread) and the last few nights I have not worn a strip over my nose to help me breath. When I do not where one, my sleep gets choppy, so getting up earlier was easy because I wasn't sleeping well anyway. Last night I did wear one and sleep like a rock. Lol.

Anyway, the pairs I typically monitor seem a bit rangy so far. It doesn't look like I missed anything. Maybe a small trade here or there, but nothing with real conviction yet.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #333
  • Nov 14, 2014 8:55am Nov 14, 2014 8:55am
Took the sale based on a fall in the price and a retest of the quarter. Didn't work out. I already know, take the trend. Don't say it, I've beat myself enough already.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #334
  • Nov 14, 2014 2:02pm Nov 14, 2014 2:02pm
Quoting capstone
Took the sale based on a fall in the price and a retest of the quarter. Didn't work out. I already know, take the trend. Don't say it, I've beat myself enough already. {image}

Look what that one attempt at a counter trend trade did to your lovely green figures you had after your trend trade....

Attached Image



Shame to be honest I was really hoping you'd stick to trend trades have a positive week and say to yourself "Yep trend trading is for me"

Oh well never mind, hopefully it just re-enforces the message,in your head, so eventually you won't even look for those evil things...That just eat your account alive...

Why don't you just promise yourself for just one week I won't even look for a counter trend trade??? Just try it for one week and if at the end you're not positive green figures then fair enough carry on counter trend trading, just give it a go for one whole week....
Feel the Fear and do it anyway!!!
  • #335
  • Nov 14, 2014 2:17pm Nov 14, 2014 2:17pm
I know Clive, I know...This one really disappoints me more than other mistakes I have made. The correct trade was right in my face. You can see where the long signaled about 5 minutes before I went short.

Only trends, I promise!!!!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #336
  • Nov 16, 2014 7:38am Nov 16, 2014 7:38am
Quoting capstone
I know Clive, I know...This one really disappoints me more than other mistakes I have made. The correct trade was right in my face. You can see where the long signaled about 5 minutes before I went short. Only trends, I promise!!!!

Good man

Just to illustrate a point,you're right about that buy entry just before your sell. It was right off support, the 100lwma and went about 50 pips!!! If ever the Good Lord was trying to get a message to you, I don't think he could make it any clearer...

He's saying "Trend trade my son", just for a week.....please...
Feel the Fear and do it anyway!!!
  • #337
  • Nov 16, 2014 1:10pm Nov 16, 2014 1:10pm
Quoting clivepackham
{quote} If ever the Good Lord was trying to get a message to you, I don't think he could make it any clearer... He's saying "Trend trade my son", just for a week.....please...
Now, that is funny.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #338
  • Nov 16, 2014 1:35pm Nov 16, 2014 1:35pm
Capstone I think you are really close to success! All you need to do is just look at your trade explorer. Here is what you can see, you have 48.2% win rate, average win 1% and average loose -1.7%. So all you have to do is everytime whe you normally will press the "buy" button you need to press the sell button and keep everything else the same.

This way you would have average win rate of 52.8%, with average win of 1.7% and average loss of 1%. If you look at your numbers, that will be 117 winners x 25$ and 110 losers x 16$, which will equal 1165$ in profit and you would almost double your deposit. You just need to start doing the opposite.
Love the game, love the markets!
  • #339
  • Edited 3:35am Nov 17, 2014 3:23am | Edited 3:35am
In this one now as a continuation, as promised. Not to sure about it though because of massive divergence on the CCI.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 48 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #340
  • Nov 17, 2014 3:36am Nov 17, 2014 3:36am
Here is the follow up. It went to 8.6 pips in my favor. Once it retreated back to 5 pips, I closed. We are at the 100 LWMA on the M15 from underneath, so it may go short here. It is in an area of battle between bears and bulls here. However, the GBPJPY and AUDJPY are continuing to rise.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 50 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
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