The seemingly impossible: $25-$500 | Page 26 | Forex Factory

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The seemingly impossible: $25-$500

  • #501
  • Mar 26, 2015 5:58pm Mar 26, 2015 5:58pm
Quoting dingdong99
{quote} Phemy,,, you are an experienced trader. soo, still keep it .... Gambling ---- >> Margin Call Or ........ ??? Gambling also use the smart money management, examples of old accounts with Gambling ....... {image} {image}
This is rather killing. This habit has to sent, is still sending and will send many more to early grave of poverty.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #502
  • Mar 28, 2015 11:05am Mar 28, 2015 11:05am
Threre are a lot of things I consider before taking trades.

1. T101 traditional method of BTS

2. Currency strength metre

3. GVC's dashboard

4. Kos' style

5. Kopratasa sreadsheet by Hotpotato

6. Emma's dashboard

I may not be able to explain everything because they apply complex putting them together.

The truth is that I use each of these at one time or the other. The one I consider very effective is currency strength metre.

Thanks!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #503
  • Mar 28, 2015 12:37pm Mar 28, 2015 12:37pm
Quoting Opemipo
The one I consider very effective is currency strength metre.
Interesting trading man. I know the dashboard etc. but care to explain what a "currency strength metre" is? And do you combine it with the dashboard or use it seperately?
  • #504
  • Mar 28, 2015 1:11pm Mar 28, 2015 1:11pm
Quoting Opemipo
Threre are a lot of things I consider before taking trades. 1. T101 traditional method of BTS 2. Currency strength metre 3. GVC's dashboard 4. Kos' style 5. Kopratasa sreadsheet by Hotpotato 6. Emma's dashboard I may not be able to explain everything because they apply complex putting them together. The truth is that I use each of these at one time or the other. The one I consider very effective is currency strength metre. Thanks!
Thank you Opemipo, which Currency strength metre that you use?
  • #505
  • Mar 28, 2015 1:42pm Mar 28, 2015 1:42pm
Quoting htawfik
{quote} Thank you Opemipo, which Currency strength metre that you use?
Any currency metre will do.

Go thr Hukam posts in seller's thread, u ll discover some wisdom.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #506
  • Mar 28, 2015 1:43pm Mar 28, 2015 1:43pm
Quoting AcerPhoon
{quote} Interesting trading man. I know the dashboard etc. but care to explain what a "currency strength metre" is? And do you combine it with the dashboard or use it seperately?
I tried all of them separately most of the time. But i did not take records of which is better.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #507
  • Mar 29, 2015 9:01am Mar 29, 2015 9:01am
Have u reached 500?
DON'T TRADE THE DIRECTION, TRADE THE MOVE
  • #508
  • Mar 30, 2015 4:13am Mar 30, 2015 4:13am
Test of patience, swing trading...
Attached Image (click to enlarge)
Click to Enlarge Name: swing trading.JPG Size: 32 KB

Let us see how it goes.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #509
  • Mar 30, 2015 4:28am Mar 30, 2015 4:28am
Pls, let me remind those just coming to this thread that this is a journal not a trading system. I opened this journal to make me discipline and monitor my trades.

I m not here to explain and discuss any trading system, if I wanted, I would have opened it on trading system thread. U can contribute to the thread agreeing

and disagreeing with my positions. I do not own anybody any explanation why I take any trades so that I ll not lead a lot of traders astray.

I am not a guru in fx and I do not claim to be one.

I trade mainly:

1. Basket

2. Support and Resistance

3. Price Action

There are 1001 threads that treat these subjects, just join such and read, read, read till u understand.

U can go to the 1st page of my thread to see some of the links to these items.

It is just a remainder.

Thanks!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #510
  • Mar 30, 2015 4:37am Mar 30, 2015 4:37am
Quoting Opemipo
I opened this journal to make me discipline

I trade mainly:
1. Basket
2. Support and Resistance
3. Price Action

There are 1001 threads that treat these subjects, just join such and read, read, read till u understand. U can go to the 1st page of my thread to see some of the links to these items. It is just a remainder. Thanks!

Yup, Opemi, hopefully your activities running smoothly ....
it is enough to put you into good ....

Regard ...
Regard, Ding Dong
  • #511
  • Mar 30, 2015 4:41am Mar 30, 2015 4:41am
Quoting Opemipo
Test of patience, swing trading... {image} Let us see how it goes. Phemmy
Added one more trade...
Attached Image (click to enlarge)
Click to Enlarge Name: swing 2.JPG Size: 39 KB


These trades will run for days as the price gives us the pips.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #512
  • Mar 30, 2015 4:42am Mar 30, 2015 4:42am
Quoting dingdong99
{quote} Yup, Opemi, hopefully your activities running smoothly .... it is enough to put you into good .... Regard ...
Thanks my sister.

Always delighted to have u arround.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #513
  • Mar 30, 2015 11:20am Mar 30, 2015 11:20am
Quoting Opemipo
{quote} Added one more trade...{image} These trades will run for days as the price gives us the pips. Phemmy
sl adjusted for eu...
Attached Image (click to enlarge)
Click to Enlarge Name: st1.JPG Size: 40 KB

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #514
  • Mar 30, 2015 11:35am Mar 30, 2015 11:35am
The Truth

Dashboard is good, indicators are nice but Price Action is the best.

Just my opinion.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #515
  • Mar 30, 2015 11:47am Mar 30, 2015 11:47am
My Conclusion

After trading all manners of styles, I find it less stressful to trade PA.

Pls learn it. There are a lot of thread here that teaches that. Take ur time, be patient.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #516
  • Mar 30, 2015 11:53am Mar 30, 2015 11:53am
I rest my case.

Let us see how much patience u ve got trading swing.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #517
  • Mar 30, 2015 1:48pm Mar 30, 2015 1:48pm
Hello Phemmy.

I am very new to this style of trading (basket) and I am trying really hard to wrap my head around all of this. Your thread is leading me in the right direction. So thank you very much.

A few questions. How do you create and manage your basket? Do you use one of the dashboards I have seen around? The likes of Gvc and maybe Hotpotato?

I have downloaded the files you very generously provided in the first post but I do not exactly know what I am supposed to be looking at so it is a little confusing without images to guide me . Maybe a template from you would make things much easier.

I am beginning to read Kosomolate's thread and have plenty to read.

Thanks for all of your help and hard work. Blessings.
  • #518
  • Mar 30, 2015 3:35pm Mar 30, 2015 3:35pm
Quoting cardm3n
Hello Phemmy. I am very new to this style of trading (basket) and I am trying really hard to wrap my head around all of this. Your thread is leading me in the right direction. So thank you very much. A few questions. How do you create and manage your basket? Do you use one of the dashboards I have seen around? The likes of Gvc and maybe Hotpotato? I have downloaded the files you very generously provided in the first post but I do not exactly know what I am supposed to be looking at so it is a little confusing without images to guide me ....
The truth is that, you determine the style to trade based on the time u have to monitor the trades and your personality.

Try to understand yourself and go with the style that goes with your personality. There are a lot of materials in those threads, study each of them and go with

your choice.

Read post 509 to see how I trade.

At the moment, I am trading Price Action SupRes as swing trading.

Thanks!

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #519
  • Mar 30, 2015 3:55pm Mar 30, 2015 3:55pm
Thank you Phemmy for the suggestions.

I will keep reading as much as I can and will keep a eye on your trades to learn as much as I can from your style as well. I am more of a day scalper so these longer time frame trades is something I definitely have to get used to.

Best regards.
  • #520
  • Mar 31, 2015 12:20am Mar 31, 2015 12:20am
Quoting Opemipo
{quote} sl adjusted for eu... {image} Phemmy
sl adjusted...
Attached Image (click to enlarge)
Click to Enlarge Name: st2.JPG Size: 38 KB

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
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