DislikedLooks like Mr. Pip is a little off today. Crap, Leaving a lot on the table. I guess we can't be sharp every day.Ignored
Ratios & Harmonics: a Different Way to Trade
- #11,862
- Jan 14, 2015 8:50am Jan 14, 2015 8:50am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
Holy Crap I have left so much on the table today its not even funny I think I'm going to go hit myself with a hammer 
If you fail to plan, you plan to fail.
- #11,863
- Jan 14, 2015 8:52am Jan 14, 2015 8:52am
Right that is me out and done for the day.
Took the drop down with the GBPUSD but managed it quite tight all the way down, moving my SL just above each of the places it slowed. Then in the end I moved it really tight as I have stuff to do so was almost ready to get out but also ready to take another drop down.
Took 30 pips from this trade leaving me +53 pips on the day (3 wins of 17,17,50 and a loss of 11).
I am thrilled with my day today. I have been out of trading for a while, like 6 months + (why? I have no idea!!). So massive thanks to Mr Pip and these last few videos as they have helped me get a quick grasp back onto this trading style.
So for the year so far I have 2 days traded, yesterday was a BE day and then today at +53
Edit:I wish this was a real money account, but guess I need to hone my skills before playing for real!!
Took the drop down with the GBPUSD but managed it quite tight all the way down, moving my SL just above each of the places it slowed. Then in the end I moved it really tight as I have stuff to do so was almost ready to get out but also ready to take another drop down.
Took 30 pips from this trade leaving me +53 pips on the day (3 wins of 17,17,50 and a loss of 11).
I am thrilled with my day today. I have been out of trading for a while, like 6 months + (why? I have no idea!!). So massive thanks to Mr Pip and these last few videos as they have helped me get a quick grasp back onto this trading style.
So for the year so far I have 2 days traded, yesterday was a BE day and then today at +53
Edit:I wish this was a real money account, but guess I need to hone my skills before playing for real!!
- #11,864
- Jan 14, 2015 8:53am Jan 14, 2015 8:53am
Holy Crap I have left so much on the table today its not even funny I think I'm going to go hit myself with a hammer
- #11,865
- Jan 14, 2015 8:54am Jan 14, 2015 8:54am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #11,866
- Jan 14, 2015 8:55am Jan 14, 2015 8:55am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
Right that is me out and done for the day. Took the drop down with the GBPUSD but managed it quite tight all the way down, moving my SL just above each of the places it slowed. Then in the end I moved it really tight as I have stuff to do so was almost ready to get out but also ready to take another drop down. Took 30 pips from this trade leaving me +53 pips on the day (3 wins of 17,17,50 and a loss of 11). {image} I am thrilled with my day today. I have been out of trading for a while, like 6 months + (why? I have no idea!!). So massive thanks...
If you fail to plan, you plan to fail.
- #11,867
- Edited 9:11am Jan 14, 2015 8:55am | Edited 9:11am
I am short GBPUSD @1.5254, trailing stop currently @1.5234
Should mention (can be seen in chart) that I entered short @1.5250 but got taken out earlier. Saw bulls getting exhausted and bears taking over but it was a bit too aggressive.
EDIT: Closed trade manually after seeing bulls coming back. +40 pips
Should mention (can be seen in chart) that I entered short @1.5250 but got taken out earlier. Saw bulls getting exhausted and bears taking over but it was a bit too aggressive.
EDIT: Closed trade manually after seeing bulls coming back. +40 pips
Rise and rise again until lambs become lions
- #11,868
- Edited 9:44am Jan 14, 2015 9:00am | Edited 9:44am
Trade #3 (EURUSD 144T):
I wasn't able to post this live as I was really watching this trade. Took a very aggresive long out of strong bearish retrace due to a nice rejection and appearance of bulls on the 50 Fib, structure and RN. Funny thing is that it didn't go any higher at all from my entry and I didn't have the chance to tighten my stops. That's what I get for trying to defeat current short term order flow. Risked 11 for 33. Ended up with -11.
Trade 1: +25
Trade 2: +15
Trade 3: -11
Net: +29 pips for the day
I wasn't able to post this live as I was really watching this trade. Took a very aggresive long out of strong bearish retrace due to a nice rejection and appearance of bulls on the 50 Fib, structure and RN. Funny thing is that it didn't go any higher at all from my entry and I didn't have the chance to tighten my stops. That's what I get for trying to defeat current short term order flow. Risked 11 for 33. Ended up with -11.
Trade 1: +25
Trade 2: +15
Trade 3: -11
Net: +29 pips for the day
- #11,870
- Jan 14, 2015 9:09am Jan 14, 2015 9:09am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
Trade #3 (EURUSD 233T): I wasn't able to post this live as I was really watching this trade. Took a very aggresive long out of strong bearish retrace due to a nice rejection and appearance of bulls on the 50 Fib, structure and RN. Funny thing is that it didn't go any higher at all from my entry and I didn't have the chance to tighten my stops. That's what I get for trying to defeat current short term order flow. Risked 11 for 33. Ended up with -11.
If you fail to plan, you plan to fail.
- #11,871
- Jan 14, 2015 9:11am Jan 14, 2015 9:11am
{quote} Talking of a tired Mind Try Googling 'Decision fatigue New York times' They wrote an article discussing the drop off in mental performance from making just the sort of decisions we make every day. Its enlightening and drove home to me why sometimes I make stupid rash decisions at the end of a trading session Hope you find it a worthwhile read Regards Chalky PS thanks for all your Hard work Mr Pip.......My trading has really improved of late and I have you to thank for that..
Here's what I read: http://www.nytimes.com/2011/08/21/magazine/do-you-suffer-from-decision-fatigue.html?pagewanted=all&_r=0
- #11,872
- Jan 14, 2015 9:16am Jan 14, 2015 9:16am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} I see a lot of improved trading and I'm really pleased with the performance and high level trading. The winner circle is getting closer. I want you all to post this years performance if you don't mind sharing. This will encourage and motivate everyone.
I just started this style of trading this week. 2 weeks before Xmas and last week my system fell in a hole, hence during the weekend I went on the search to improve my system and ended up here. I'm not fully unfamiliar with this style of trading as I have read a bit about it previously. I have used fibs quite a bit in the past but Mr Pips explanations put things into perspective and I feel I have had an "ah-ha!" moment. 3 days is a short time to be calling a system but I also have had 45 trades which means it is beginning to measure. When 3 days turn to a week then a week to two etc and this method continues to be perform I will be a better vouch but already looking forward to putting it through its paces.
The long drop was the hair pulling
previous 3 traded weeks. The beginning of the climb was one trade (30pips) on the NFP and then just this week. I have one loss not added of about 10 pips (my last trade) 
(Net pips because I minus .7 pip for comm. )
A big thank you to Mr Pip for putting the time and effort into this thread
As the lights go by so too do the shadows move
- #11,873
- Jan 14, 2015 9:25am Jan 14, 2015 9:25am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #11,874
- Edited 9:36am Jan 14, 2015 9:25am | Edited 9:36am
Reversed my trade and went long @1.5216, risking 11 pips and looking for a retest @1.5269.
EDIT: Closed it +/- 0. Done for the day +33 pips. Still need to work on entries/exits and PA.
EDIT: Closed it +/- 0. Done for the day +33 pips. Still need to work on entries/exits and PA.
Rise and rise again until lambs become lions
- #11,875
- Jan 14, 2015 9:28am Jan 14, 2015 9:28am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #11,877
- Jan 14, 2015 9:31am Jan 14, 2015 9:31am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} Looks like a turn in the right direction keep it up!!!!
I think the market is helping me a little too as there seems to be a bit of volatility about atm which helps the pips ticking
As the lights go by so too do the shadows move
- #11,878
- Jan 14, 2015 9:45am Jan 14, 2015 9:45am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #11,879
- Jan 14, 2015 10:22am Jan 14, 2015 10:22am
{quote} I appreciate your tip Chalky. Yes, it was a lengthy but really worthwhile read.
Glad you Liked it
Kind of makes you realise that you NEED to take regular breaks
- #11,880
- Jan 14, 2015 4:27pm Jan 14, 2015 4:27pm
Got burnt three times today, going with short term order flow. Order flow is still my big area of confusion, never quite sure whether to go with long term or short term.
Despite this still had a just over BE and one big winner, so even with three full losses still ended up only slightly down. The final trade was in the same vein as the other two, but was made out of stupidity and frustration. really need to cut that out.
The chart is a fresh chart with just the basics of those 2 losers, can anyone suggest why these were not good to take, other than going against long term orderflow, or were there any clues between the two orderflows that suggested i should have stuck with long term. There were clear opportunities to go short, but didn't want to go long, short, long, short, etc.
Despite this still had a just over BE and one big winner, so even with three full losses still ended up only slightly down. The final trade was in the same vein as the other two, but was made out of stupidity and frustration. really need to cut that out.
The chart is a fresh chart with just the basics of those 2 losers, can anyone suggest why these were not good to take, other than going against long term orderflow, or were there any clues between the two orderflows that suggested i should have stuck with long term. There were clear opportunities to go short, but didn't want to go long, short, long, short, etc.