Discovering An Edge | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

An Edge for an Edge (System Development) 116 replies

What do you mean by "Trader's Edge"? 17 replies

Trading edge or following the crowd? 9 replies

Discovering pattern recognition 2 replies

Interbank FX Webinar: Discovering The Optimum FIFO Solution Together 5 replies

Attachments: Discovering An Edge
Exit Attachments

Discovering An Edge

  • #781
  • Jul 17, 2015 8:12am Jul 17, 2015 8:12am
Gn trailer hit +15
  • #782
  • Jul 17, 2015 8:21am Jul 17, 2015 8:21am
Quoting panamamike
L GU at 1.5632
Yes, I'm thinking the same... but I've not pulled the trigger. Kinda reluctant @ 4:21pm.
They have cake here in the office.... I think I prefer that!
A pip is only worth it if you know how much you risked to earn it
  • #783
  • Jul 17, 2015 8:22am Jul 17, 2015 8:22am
no follow through GU....out +3.... Dine for the day/week
  • #784
  • Jul 17, 2015 8:23am Jul 17, 2015 8:23am
Quoting vlady1974
{quote} Yes, I'm thinking the same... but I've not pulled the trigger. Kinda reluctant @ 4:21pm. They have cake here in the office.... I think I prefer that!
I don't blame you.....what kind of cake?
  • #785
  • Jul 17, 2015 8:26am Jul 17, 2015 8:26am
panamamike....you are really too good....I great you all the green pips you deserve...and lots of luck!!
from a follower
  • #786
  • Jul 17, 2015 8:29am Jul 17, 2015 8:29am
Quoting panamamike
{quote} I don't blame you.....what kind of cake?
I've had 2 pieces now. Chocolate. Kinda like a cross between a brownie and sponge.
A pip is only worth it if you know how much you risked to earn it
  • #787
  • Jul 17, 2015 9:20am Jul 17, 2015 9:20am
Well folks I may call it a day. 50% up this week, so I'm overall happy with that. I was almost at 3X what I started this month but last 2 days weren't as flash.
Still, I'm happy with the progress..... it seems it's not a fluke! LOL Always more to learn, but clearly I must continue whatever it is I'm doing that's producing these results.

I've been reading this as well : The Answer
A bit esoteric, but still.... you create what you focus on.

Have a great weekend all!

Green pips to all next week!
A pip is only worth it if you know how much you risked to earn it
  • #788
  • Jul 17, 2015 11:29pm Jul 17, 2015 11:29pm
L
Quoting ephisi
{quote} hmmmn, csm may be getting me in late. Csm confirmed dont feel comfortable entering now but will enter anyway. Will see the effectiveness of waiting for csm, i may remove that filter because my levels kind of reject price
Quoting litechild
{quote} caution bro...don't use csms for entries. Setups? Yes.
] mike, litechild,vlady1974 i want to thank you guys again, i finally got another aha moment. I now understand what you guys have been saying and doing. I wonder why i didn't figure that's out on my own earlier. I guess it's my personality of not wanting to apply every ones method but mine. I just made a startling discovery while doing my weekly reviews of my trading this week and trying to simplify application of my new method and then it dropped while looking at GBPCAD AND GBPNZD DAILY CHART AND CSM. I remember mike saying he only trades the strongest vs the weakest pairs, vlady1974 says he only trades with the trend, litechild told me to use csm only for setups. Even then it didn't become real to me until just now as i type..

List all gbp usd jpy vs eur cad nzd pairs. Trading the strongest vs the weakest pairs as mike said is the easiest money maker. Only trade counter trend with pairs having little relative strength difference. As a matter of fact never take counter trend trades on pairs with huge relative strong difference. That's a suicide mission. It's like shorting gbp cad that's suicide
  • #789
  • Jul 17, 2015 11:31pm Jul 17, 2015 11:31pm
Quoting vlady1974
Well folks I may call it a day. 50% up this week, so I'm overall happy with that. I was almost at 3X what I started this month but last 2 days weren't as flash. Still, I'm happy with the progress..... it seems it's not a fluke! LOL Always more to learn, but clearly I must continue whatever it is I'm doing that's producing these results. I've been reading this as well : The Answer A...
Vlad your returns are amazing. May I ask what sort of money management you're using and how many % of your account is 100 pips worth. Would like to grow my account faster but without much risk though
  • #790
  • Jul 19, 2015 10:53pm Jul 19, 2015 10:53pm
Pending longs on USDCAD
Pending short on EURUSD
A pip is only worth it if you know how much you risked to earn it
  • #791
  • Jul 20, 2015 2:48am Jul 20, 2015 2:48am
Quoting vlady1974
Pending longs on USDCAD Pending short on EURUSD
Faded into to the USDCAD low. Close +21 on UCAD but still have one open from 12958.

I shorted EUR but closed at -8 after viewing its volatility and price structure.
Long EURUSD @ 10830 and 10851

Made a mistake early this morning meaning to long UCAD but I selected ECAD -7

Short AUDNZD @ 11196. This is underwater and I may pull the plug and wait for a better confirmation setup.
A pip is only worth it if you know how much you risked to earn it
  • #792
  • Jul 20, 2015 7:20am Jul 20, 2015 7:20am
Quoting vlady1974
{quote} Faded into to the USDCAD low. Close +21 on UCAD but still have one open from 12958. I shorted EUR but closed at -8 after viewing its volatility and price structure. Long EURUSD @ 10830 and 10851 Made a mistake early this morning meaning to long UCAD but I selected ECAD -7 Short AUDNZD @ 11196. This is underwater and I may pull the plug and wait for a better confirmation setup.
CAD short trades closed
GBPCAD +28
USDCAD +59

EURUSD -1.8
2 longs still open

EURCAD -7
Error on order
A pip is only worth it if you know how much you risked to earn it
  • #793
  • Jul 20, 2015 8:43am Jul 20, 2015 8:43am
Long GbpChf at 1.5009
  • #794
  • Jul 20, 2015 9:58am Jul 20, 2015 9:58am
Quoting vlady1974
{quote} CAD short trades closed GBPCAD +28 USDCAD +59 EURUSD -1.8 2 longs still open EURCAD -7 Error on order
For all the swinging and dancing, EURUSD Longs +9.5 LOL

AUDNZD
2 Shorts open @ 11233.9 and 11196
A pip is only worth it if you know how much you risked to earn it
  • #795
  • Jul 20, 2015 9:59am Jul 20, 2015 9:59am
Quoting panamamike
Long GbpChf at 1.5009
Hey Mike, I saw alot of CHF signals this morning on MADASH but I didn't take them.
There was a new version that I downloaded and I used the 10 day ATR setting as a signal filter.... So I didn't get many signals today.
I may turn this back to the default settings.
A pip is only worth it if you know how much you risked to earn it
  • #796
  • Edited 3:02pm Jul 20, 2015 10:48am | Edited 3:02pm
how does the ATR filter work? I use the dashboard for a specific purpose. I find that as with many indicators and Eas developed in FF, people tend to keep piling on and adding stuff instead of absorbing the information and picture being generated.
Reason for my trade....look at the weekly and daily charts....I got a valid long signal on my 30 min setup...
  • #797
  • Jul 20, 2015 10:45pm Jul 20, 2015 10:45pm
Short EURUSD @ 10823 avg
Long GBPAUD @ 21169 
Long USDCAD @ 13001
 
Closed overnight short GBPUSD -11
A pip is only worth it if you know how much you risked to earn it
  • #798
  • Jul 20, 2015 10:50pm Jul 20, 2015 10:50pm
Quoting panamamike
how does the ATR filter work? I use the dashboard for a specific purpose. I find that as with many indicators and Eas developed in FF, people tend to keep piling on and adding stuff instead of absorbing the information and picture being generated. Reason for my trade....look at the weekly and daily charts....I got a valid long signal on my 30 min setup...
 
Yeah, I changed back to default settings. I think it was a way to reduce the volume of signals. Have to agree with you on the "feature" creep.
 
In terms of CHF, yeah I can see further downside to CHF (deliberate looks like). Pity IGIndex puts in a £450 deposit requirement on CHF trades. Must have been a precaution after that USD spike that obliterated a few brokerages. My account is a Spreadbet not an FX account, which probably explains why.
A pip is only worth it if you know how much you risked to earn it
  • #799
  • Jul 20, 2015 10:51pm Jul 20, 2015 10:51pm
Quoting ephisi
{quote} Vlad your returns are amazing. May I ask what sort of money management you're using and how many % of your account is 100 pips worth. Would like to grow my account faster but without much risk though
I'll PM you later today.
A pip is only worth it if you know how much you risked to earn it
  • #800
  • Jul 20, 2015 11:20pm Jul 20, 2015 11:20pm
L GA 2.1183
2 traders viewing now