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45 Combo - momentum system

  • #2,321
  • Mar 9, 2015 5:22am Mar 9, 2015 5:22am
Quoting birdland
{quote} thx...i always break the rules and try to find better ones by the way, the second trade was entered in the new hour, so everything was fine regarding the "rules" birdland
True it was right on the hour it was certainly an interesting trade and worked out really well for you. Be interested to see what Fx-Tycoon makes of that play. )
  • #2,322
  • Mar 9, 2015 9:23am Mar 9, 2015 9:23am
If I can spend my 2c, birdland made a personal choice on the management: i.e. to move the stop on the 1st trade to b/e so the risk was still on 1 trade only but with the chance to bank the TP on 2 entries. So risk was still good and the chances to get more pips were increased. Nothing really wrong with that, I suppose. I took my 20 pips but a pinch of creativity rewarded birdland better. As long as discipline is not affected and our mind doesn't get blurrred because of greed... I see in this trade a lot of common sense. Well done.
  • #2,323
  • Mar 9, 2015 9:54am Mar 9, 2015 9:54am
Quoting birdland
{quote} thx...i always break the rules and try to find better ones by the way, the second trade was entered in the new hour, so everything was fine regarding the "rules" birdland
well you be the judge ....but the order for your second position was submited in the same hour as the red line under the last candle (stop lost)show and executed in the first candle next hour ....so you take the trade in the same hour.
  • #2,324
  • Mar 9, 2015 10:58am Mar 9, 2015 10:58am
I do add to position when the price go up and is not to close to my original to got whipped out of positions with one spike....
just my 2c....

Have a suggestion can we start posting trades when they are executed and then when they are closed to avoid lot of Bs ...

Anyone can be a supertrader on demo just take every posible signal and post only goodones...
  • #2,325
  • Mar 9, 2015 12:10pm Mar 9, 2015 12:10pm
Quoting Hammertop
If I can spend my 2c, birdland made a personal choice on the management: i.e. to move the stop on the 1st trade to b/e so the risk was still on 1 trade only but with the chance to bank the TP on 2 entries. So risk was still good and the chances to get more pips were increased. Nothing really wrong with that, I suppose. I took my 20 pips but a pinch of creativity rewarded birdland better. As long as discipline is not affected and our mind doesn't get blurrred because of greed... I see in this trade a lot of common sense. Well done.
thx and good described my way of thinking
trading is like dancing, don't think and just listen to the music!
  • #2,326
  • Mar 9, 2015 12:17pm Mar 9, 2015 12:17pm
Quoting Ace66
I do add to position when the price go up and is not to close to my original to got whipped out of positions with one spike.... just my 2c.... Have a suggestion can we start posting trades when they are executed and then when they are closed to avoid lot of Bs ... Anyone can be a supertrader on demo just take every posible signal and post only goodones...
i am absolutely with you!

for me so far i have shown every trade i made, both the loosers and the winners.

would appreciate and motivate the others also to do it, because this is the only way you learn from your trades!

birdland
trading is like dancing, don't think and just listen to the music!
  • #2,327
  • Mar 9, 2015 12:18pm Mar 9, 2015 12:18pm
Morning folks... just checking in to see what's up... looks like solid activity stands.. I got some reading to do.


Cheers,
  • #2,328
  • Mar 9, 2015 12:40pm Mar 9, 2015 12:40pm
There are no set in stone rules ever on trading. There are some guidance and structure to go by but commons sense always rules. If you're aware of your risk and mange it well you shall come out ahead in the end.
If you guys notice on the first post I don't use the word "rules" rather "what I do", which is a recommendation... remember as I have mentioned in the past, YOU are the sole captain of your ship all alone in this profession... finding your comfort is the key element.

The risk management of this system is the key when is collaborated with a favorable RR. If your risking 5-7 for 15-20, you win in the end IF your not trigger happy and stir away from methods core.


Anyways, looks like everyone at least made the DT today and some made a killing, congrats to all.


Cheers,
  • #2,329
  • Mar 9, 2015 2:01pm Mar 9, 2015 2:01pm
Hi, Tycoon

Please what do you mean exactly : "...you win in the end IF your not trigger happy and stir away from methods core." ?

(Excuse my poor english)

Best regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #2,330
  • Mar 9, 2015 3:46pm Mar 9, 2015 3:46pm
Quoting BLACKFEET
Hi, Tycoon Please what do you mean exactly : "...you win in the end IF your not trigger happy and stir away from methods core." ? (Excuse my poor english) Best regards BBF
Hi blackfeet,

Meaning, trading none signals.
There are many times where signal is not fully developed but it is very close, you just assume it will become a signal in a bit or one or two confirmation off and you be just fine... then when that becomes a habit, you basically have lost your pathway and not trading your plan no more.


Cheers,
  • #2,331
  • Mar 10, 2015 1:32am Mar 10, 2015 1:32am
Quoting Ace66
this is interesting....
Ace,

Delete this post asap.
I want none of this stuff hit on my thread.

... and for the recorded I have no affiliation what so ever with this commercial nonsense.

thx.
  • #2,332
  • Mar 10, 2015 2:05am Mar 10, 2015 2:05am
I be here for a little while with you guys for the trading session.

So Frankfurt just opened?... we have move one hour forward?
  • #2,333
  • Mar 10, 2015 2:06am Mar 10, 2015 2:06am
Good morning all I see no red news to worry about lets hope for some pips.I've taken a long on G/U
  • #2,334
  • Mar 10, 2015 2:09am Mar 10, 2015 2:09am
GU is a signal... did you take it?
Attached Image (click to enlarge)
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  • #2,335
  • Mar 10, 2015 2:10am Mar 10, 2015 2:10am
Quoting fx-Tycoon
GU is a signal... did you take it? {image}
Yes I did good morning FX.
  • #2,336
  • Mar 10, 2015 2:11am Mar 10, 2015 2:11am
Quoting schoe
{quote} Yes I did good morning FX.
Morning bud.

Good luck.
  • #2,337
  • Mar 10, 2015 2:12am Mar 10, 2015 2:12am
Quoting fx-Tycoon
GU is a signal... did you take it? {image}
good morning,

no, i didnt like
trading is like dancing, don't think and just listen to the music!
  • #2,338
  • Mar 10, 2015 2:12am Mar 10, 2015 2:12am
Quoting fx-Tycoon
GU is a signal... did you take it? {image}

I am with you
  • #2,339
  • Mar 10, 2015 2:14am Mar 10, 2015 2:14am
Quoting birdland
{quote} good morning, no, i didnt like

May I ask why ?
  • #2,340
  • Mar 10, 2015 2:30am Mar 10, 2015 2:30am
Quoting matlobien
{quote} May I ask why ?
i didnt like the shape and it dropped 4 pips below the 40ema.

there are so many chances in the morning, that i am picky.

i risk only what i like and have seen often before.
trading is like dancing, don't think and just listen to the music!
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