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And now for something completely different

  • #61
  • Feb 11, 2015 6:04pm Feb 11, 2015 6:04pm
just added a re-cap of todays trades, losing day but still up for the week....

http://www.nakedforexnow.com/showthr...ll=1#post10645
tradewith60
  • #62
  • Feb 11, 2015 6:30pm Feb 11, 2015 6:30pm
Inserted Video
tradewith60
  • #63
  • Feb 11, 2015 6:46pm Feb 11, 2015 6:46pm
Quoting 60minuteman
If we reduce the number of inputs the mind has to deal with we can make better intuitive decisions - if our entries are essentially a coin toss then why waste our brains ability deciding when and where to enter?.... build a simple repetitive entry system, based in logic, based on what the market does everyday, and then use your brain power to make good exit decisions.... Thats Flow trading strategy.
Aha! So here's where the open minded gather.

Many thanks for spreading the word, 60minuteman. Will follow with interest.
mind over matter
  • #64
  • Feb 11, 2015 6:50pm Feb 11, 2015 6:50pm
Quoting kosmo
{quote} Aha! So here's where the open minded gather. Many thanks for spreading the word, 60minuteman. Will follow with interest.
welcome kosmo....enjoy this trip!
tradewith60
  • #65
  • Feb 12, 2015 3:40am Feb 12, 2015 3:40am
Inserted Video


Inserted Video
tradewith60
  • #66
  • Feb 12, 2015 4:45am Feb 12, 2015 4:45am
Quoting 60minuteman
https://www.youtube.com/watch?v=g1hs6-mr6PU https://www.youtube.com/watch?v=9rHLGJq79ZU

THANK FOR POSTING GOOD STUFF
Learn THEN Unlearn
  • #67
  • Feb 12, 2015 3:29pm Feb 12, 2015 3:29pm
Quoting stevepatt
{quote} Hi EternalNewB; The line in the sand is set at the previous days close. Sell below this level buy above.
thanks
  • #68
  • Feb 12, 2015 8:26pm Feb 12, 2015 8:26pm
Thursdays trades video up

http://www.nakedforexnow.com/showthr...ll=1#post10658
tradewith60
  • #69
  • Feb 13, 2015 9:22am Feb 13, 2015 9:22am
Hi 60minuteman

i have a question?

what do you suggest? 8 candle hi/lo breakout as you use in one hour chart? if i have to use same strategy in daily or 4hr chart what candles breakout should be considered as entry point? thanks
  • #70
  • Feb 13, 2015 10:05am Feb 13, 2015 10:05am
Quoting harrybhullar
Hi 60minuteman i have a question? what do you suggest? 8 candle hi/lo breakout as you use in one hour chart? if i have to use same strategy in daily or 4hr chart what candles breakout should be considered as entry point? thanks
Harry made you a vid... sound is a bit quiet im afraid

Inserted Video
tradewith60
  • #71
  • Feb 13, 2015 10:06am Feb 13, 2015 10:06am
Quoting 60minuteman
{quote} Harry made you a vid... sound is a bit quiet im afraid https://www.youtube.com/watch?v=POAz...ature=youtu.be
Your video will help me very much its nice and informative thanks. please keep it up.

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  • #72
  • Feb 13, 2015 10:22am Feb 13, 2015 10:22am
60 I have a Q if you don't mind

your SL is always below (above) the "line in the sand", no matter how "high" (or low) you open your trade am I right ?

if that is the case then I think your trade becomes smaller and smaller as the market moves into your direction no?

how much below the low you put the SL ?

Cheers
  • #73
  • Feb 13, 2015 10:36am Feb 13, 2015 10:36am
Quoting EternalNewB
60 I have a Q if you don't mind your SL is always below (above) the "line in the sand", no matter how "high" (or low) you open your trade am I right ? if that is the case then I think your trade becomes smaller and smaller as the market moves into your direction no? how much below the low you put the SL ? Cheers
hey EB...

I do put my SL the other side of the low/high for the day and the line in the sand..... but you don't have too. Essentially I am advocating a wide stop, so you can use whatever is comfortable for you. Apparently 3ATR is optimal, but that is just what I have heard fro "pro" traders.... Seems feasible to me.

I always use the same lot size no matter the size of the stop - I know that is very contrarian, but I like contrarian, the 'rules' of trading are largely bull and largely based on fear
tradewith60
  • #74
  • Feb 13, 2015 11:23am Feb 13, 2015 11:23am
hi 60minuteman,
i am agree with you on the question answer about Eternalnewb.
thanks for the nice description.
  • #75
  • Feb 13, 2015 12:30pm Feb 13, 2015 12:30pm
Quoting 60minuteman
{quote} hey EB... I do put my SL the other side of the low/high for the day and the line in the sand..... but you don't have too. Essentially I am advocating a wide stop, so you can use whatever is comfortable for you. Apparently 3ATR is optimal, but that is just what I have heard fro "pro" traders.... Seems feasible to me. I always use the same lot size no matter the size of the stop - I know that is very contrarian, but I like contrarian, the 'rules' of trading are largely bull and largely based on fear
Thanks 60mm

One more maybe?

let's say price is below the line and you are selling, you have a PO below the 1hr candle but the next 3 bars are bullish, your PO remains below the lowest one or you move it up with each closing bar ?

e.g.
Attached Image
  • #76
  • Feb 13, 2015 1:11pm Feb 13, 2015 1:11pm
Quoting EternalNewB
{quote} Thanks 60mm One more maybe? let's say price is below the line and you are selling, you have a PO below the 1hr candle but the next 3 bars are bullish, your PO remains below the lowest one or you move it up with each closing bar ? e.g. {image}
move it up with each bar.... tracking the low until the breakout comes
tradewith60
  • #77
  • Feb 13, 2015 2:29pm Feb 13, 2015 2:29pm
week 2 results

net +326

sp500 +186
Attached Image (click to enlarge)
Click to Enlarge Name: SP1.jpg Size: 278 KB


Attached Image (click to enlarge)
Click to Enlarge Name: SP2.jpg Size: 206 KB


Gold +140
Attached Image (click to enlarge)
Click to Enlarge Name: G1.jpg Size: 234 KB


Attached Image (click to enlarge)
Click to Enlarge Name: g2.jpg Size: 159 KB
tradewith60
  • #78
  • Feb 13, 2015 2:43pm Feb 13, 2015 2:43pm
summary of what we are really saying here for anyone joining the thread...


1. simple trend trading
2. use wide stops
3. use breakout entries
4. tp in profit and re-enter

5. be aware of your mental and emotional state and use intuitive decisions.

simples
tradewith60
  • #79
  • Feb 13, 2015 3:02pm Feb 13, 2015 3:02pm
squeezed a win out of the remaining sp long for another 26

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-02-13 at 21.01.06.png Size: 18 KB
tradewith60
  • #80
  • Feb 13, 2015 3:15pm Feb 13, 2015 3:15pm
Quoting 60minuteman
squeezed a win out of the remaining sp long for another 26 {image}
800 pips over 2 weeks - fantastic result!
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