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My Trading Life

  • #241
  • Oct 13, 2015 12:24am Oct 13, 2015 12:24am
Will Watch the pairs in the following priority so as to minimize clustered losses...........

This is to give higher probability to me selecting tier 1 and tier 2


Tier 1
EURUSD , GBPUSD , EURJPY , USDJPY

Tier 2
AUSUSD , USDCHF , USDCAD , NZDUSD

Tier 3
Rest of the pairs.
  • #242
  • Oct 13, 2015 2:35pm Oct 13, 2015 2:35pm
Mark, would you be willing to share some tips on your exit strategy?
Thx!!
  • #243
  • Oct 13, 2015 9:26pm Oct 13, 2015 9:26pm
Quoting forexdave1
Mark, would you be willing to share some tips on your exit strategy? Thx!!
Just use the regular crossover macd settings 12, 26, 9 would be fine..... I am now doing 1 hr charts so sometimes the pivot points would be another que.
  • #244
  • Oct 13, 2015 9:29pm Oct 13, 2015 9:29pm
Did 1.3r yesterday on the EURUSD.


MIssed the USDJPY this morning. ( head groggy at 6.30am HK time )


Now waiting for the GBPUSD.
  • #245
  • Oct 14, 2015 2:30am Oct 14, 2015 2:30am
A little more bout my trading life ,

I just woke up from a nap in office


While waiting for the trade


sometimes when you ran out of things to do and movies to watch............. it gets that boring ..............
  • #246
  • Oct 14, 2015 3:07am Oct 14, 2015 3:07am
Quoting MarkChew
Did 1.3r yesterday on the EURUSD. MIssed the USDJPY this morning. ( head groggy at 6.30am HK time ) Now waiting for the GBPUSD.
Expectation for GPBUSD cancelled as risen too high............

Observing AUDUSD
  • #247
  • Oct 14, 2015 8:55pm Oct 14, 2015 8:55pm
Got nailed in the AUD USD last night cos i pre empted the move........... did not follow my system.......... have to follow more religiously

Now watching USD JPY
  • #248
  • Edited 9:16pm Oct 14, 2015 8:59pm | Edited 9:16pm
"How you wait is how you trade" as 90% of the time in trading is waiting...


if you have been swimming in poisonous waters

Wait with greed , trade with greed

Wait with anxiety , trade with anxiety

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Wait with peace and confidence , trade with peace and confidence

~~~~~ Mark Chew, 1980 - present ~~~~~~
  • #249
  • Oct 15, 2015 8:52pm Oct 15, 2015 8:52pm
oK nailed the UJ last night 2.3R

Lets see what other opportunities today
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  • #250
  • Oct 21, 2015 11:52pm Oct 21, 2015 11:52pm
Sux when you wait a couple hours for it and you go out for lunch ---- its too fast to catch Would have been a sweet 2r move.
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  • #251
  • Oct 22, 2015 9:22am Oct 22, 2015 9:22am
Quoting MarkChew
"How you wait is how you trade" as 90% of the time in trading is waiting... if you have been swimming in poisonous waters Wait with greed , trade with greed Wait with anxiety , trade with anxiety ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Wait with peace and confidence , trade with peace and confidence ~~~~~ Mark Chew, 1980 - present ~~~~~~
This is really resonating with me for some reason.
Much thanks!

Anywho, I missed the AU move as well. That's the joys of having a day job while learning how to trade, lol!
  • #252
  • Oct 23, 2015 2:54am Oct 23, 2015 2:54am
I find it increasingly difficult to trade the GU on the short time frame .... 1hr ...................... Perhaps I should just avoid it totally all together.........
  • #253
  • Oct 23, 2015 3:00am Oct 23, 2015 3:00am
Quoting MarkChew
I find it increasingly difficult to trade the GU on the short time frame .... 1hr ...................... Perhaps I should just avoid it totally all together.........
Yesterday was not a good day to trade GU. Don't give up on that pair. I personally trade on the 15M with level selection based on 1H and 4H. 15M is for entry only. I want to post a trading journal but I guess I am too new to do that yet. So I can only comment on threads.
Keep it up!
  • #254
  • Oct 23, 2015 9:46pm Oct 23, 2015 9:46pm
Quoting Lion-
{quote} This is really resonating with me for some reason. Much thanks! Anywho, I missed the AU move as well. That's the joys of having a day job while learning how to trade, lol!
Good that you are learning . Personally I feel those with day jobs will do better with the 4 hr or day charts.
  • #255
  • Edited 10:10pm Oct 23, 2015 9:47pm | Edited 10:10pm
Quoting frenchiematt
{quote} Yesterday was not a good day to trade GU. Don't give up on that pair. I personally trade on the 15M with level selection based on 1H and 4H. 15M is for entry only. I want to post a trading journal but I guess I am too new to do that yet. So I can only comment on threads. Keep it up!
Yeah it was sure a jackass hit for me as I was hit and then only to see it go down to a 4-5 R move later last night.....Shit happens
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  • #256
  • Oct 24, 2015 12:21am Oct 24, 2015 12:21am
Quoting MarkChew
{quote} Yeah it was sure a jackass hit for me as I was hit and then only to see it go down to a 4-5 R move later last night.....Shit happens {image}
Hi MarkChew, I just put my journal up and I explain briefly my plan. Feel free to have a look.
Matt
http://www.forexfactory.com/showthread.php?t=563373
  • #257
  • Oct 27, 2015 6:41am Oct 27, 2015 6:41am
Tried to long the USDCHF a few hours ago....... and the system kept rejecting my orders...................

Until I realized that Activtrades had such a lousy leverage for CHF pairs. 25:1 ...... Post SNB phobia perhaps......

Too bad would have been another 1r in my pocket.
  • #258
  • Oct 27, 2015 6:46am Oct 27, 2015 6:46am
On the other hand couldn't get into the longing the USDCHF so end up shorting the EURUSD............. Perhaps bad move ........... Stopped out anyway.... - 0.4r loss....

#rammingmyselfintopivot
  • #259
  • Oct 27, 2015 9:08pm Oct 27, 2015 9:08pm
AWWWW FXPRO had bad data on USDCAD

always good to have more than one broker

Can compare...
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  • #260
  • Edited 9:52pm Oct 27, 2015 9:35pm | Edited 9:52pm
Not from my account but this kind of reinforces my theory when you look at the higher timeframes there is a 'single momentum'.



I see that some traders like to to use 4hr or day or week charts to make multiple trades based on the same signal and either you end up with 10 wins or 10 losses.


Lucky I have always been a 'step by step' trader.........
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