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Trade with 60

  • #581
  • Feb 8, 2016 7:09am Feb 8, 2016 7:09am
thanks 60 minute must have some how deleted my post
  • #582
  • Feb 8, 2016 9:03am Feb 8, 2016 9:03am
Today trades EU and GU +115 overall.Here's the trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 45 KB
Click to Enlarge Name: GBPUSDH1.png Size: 54 KB
Trade with 60
  • #583
  • Feb 9, 2016 2:47am Feb 9, 2016 2:47am
60 been reading your old (Buy Sell line thread) hope you do not mind if I post this current chart with it on, I accept you have moved on from that method now but would you like to comment if it adds or takes anything away from this new thread method, nothing 100% but I see some great moves with the Breakout in the same direction as the Buy/Sell line, also if we have moved to far away from it, it then seems like a magnet to meet up with price again, as I type it looks interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1 (02-09-2016 1046).png Size: 67 KB
  • #584
  • Feb 9, 2016 3:03am Feb 9, 2016 3:03am
http://www.cognitivebiasparade.com/?view=classic
tradewith60
  • #585
  • Feb 9, 2016 3:58am Feb 9, 2016 3:58am
Quoting 60minuteman
http://www.cognitivebiasparade.com/?view=classic
WOW 60 !!!!! did not think your comment would be that simple to understand, haha
Thanks
  • #586
  • Feb 9, 2016 4:59am Feb 9, 2016 4:59am
Quoting OAPDave
60 been reading your old (Buy Sell line thread) hope you do not mind if I post this current chart with it on, I accept you have moved on from that method now but would you like to comment if it adds or takes anything away from this new thread method, nothing 100% but I see some great moves with the Breakout in the same direction as the Buy/Sell line, also if we have moved to far away from it, it then seems like a magnet to meet up with price again, as I type it looks interesting. {image}
I have no issues with people using tools to make something they feel more comfortable with - as long as you have the right mindset. So as an example using a trend identifier - it will have pro's and con's - and results will still be determined by when you exit and the market moves. Problems begin with a belief that somehow you can nullify those elements by moderated entry criteria. Another simple way of using trend is by selecting a pair that is clearly (for fundamental reasons - not looking at charts) for moving in one direction - such as oil last year.
tradewith60
  • #587
  • Feb 9, 2016 9:32am Feb 9, 2016 9:32am
Trades for today
EU +10
GU -31
Overa ll -21.
Need more work on exits
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 48 KB
Click to Enlarge Name: GBPUSDH1.png Size: 48 KB
Trade with 60
  • #588
  • Feb 9, 2016 1:58pm Feb 9, 2016 1:58pm
Hello,
I recently discovered this thread and have been reading all the notes and watching all the videos.
Thanks 60mm for all the work you have put in. I'm still getting a bit confused with stacking and hedging, but I'll revisit the videos, and I'm sure I'll get it in the end!

In the meantime, Kumetto, if you don't mind, could you clarify how you ended up with - 31 on GU today? Entries/exits etc. Been looking at the chart you posted, and it would be great to know what trades generated what pips. Thanks.
  • #589
  • Feb 9, 2016 2:16pm Feb 9, 2016 2:16pm
Quoting JRob
Hello, I recently discovered this thread and have been reading all the notes and watching all the videos. Thanks 60mm for all the work you have put in. I'm still getting a bit confused with stacking and hedging, but I'll revisit the videos, and I'm sure I'll get it in the end! In the meantime, Kumetto, if you don't mind, could you clarify how you ended up with - 31 on GU today? Entries/exits etc. Been looking at the chart you posted, and it would be great to know what trades generated what pips. Thanks.
Hi JRob, I have seen you on the thread and have been waiting for a post from you...

Stacking is an option to add to an already open trade - if we have a long open and then price changes direction and we add a short (a hedge) and then price turns again we can add a second long - because the flow of price is long -
tradewith60
  • #590
  • Feb 9, 2016 2:30pm Feb 9, 2016 2:30pm
Quoting JRob
Hello, I recently discovered this thread and have been reading all the notes and watching all the videos. Thanks 60mm for all the work you have put in. I'm still getting a bit confused with stacking and hedging, but I'll revisit the videos, and I'm sure I'll get it in the end! In the meantime, Kumetto, if you don't mind, could you clarify how you ended up with - 31 on GU today? Entries/exits etc. Been looking at the chart you posted, and it would be great to know what trades generated what pips. Thanks.
There are arrows on the chart red is for sell blue is for buy. So first is buy according to classic setup and second is sell or hedge on the previous buy from the high according to classic setup.Third is buy according to classic setup. So first and second finished with loss of -113 pips and third trade is winner and I closed it manualy at +82pips. So overall -31.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 38 KB
Trade with 60
  • #591
  • Edited 3:11pm Feb 9, 2016 2:38pm | Edited 3:11pm
Hi Kumetto,


first thing, do not trust blindly or even half blindly anything I say please, as I do not know anything.

<<<Need more work on exits>>>

I think you are doing great so far, with whatever exit you pick.
I do not know obviously but from reading your posts in that thread, it seems so.
You cant have every day positive even if that would be awesome, wouldnt it?!! :o))))
Even every week, even every month I guess.


Say that you choose, as your stop loss policy, to close as soon as you have an hourly closing against you (or having a time stop loss or whatever you wish). It will save you some pips/money on a day like today OK, but I am sure it will cost you on other days as well.


It just depends on what the market is doing on that day, and it seems more on more obvious that no one knows what the market will really do on that day, otherwise it would be dead easy to be very very rich, starting from a 100 bucks capital !


At the end, like a lot of people have said (it is not from me), it seems that all is relative, and you just have to suck it up when you have a bad time, as good time will soon follow as long as you keep common sense and a clear head.


All the best,
Cheers,
J-F
  • #592
  • Feb 9, 2016 9:41pm Feb 9, 2016 9:41pm
Quoting J-f
Hi Kumetto, first thing, do not trust blindly or even half blindly anything I say please, as I do not know anything. <<<Need more work on exits>>> I think you are doing great so far, with whatever exit you pick. I do not know obviously but from reading your posts in that thread, it seems so. You cant have every day positive even if that would be awesome, wouldnt it?!! :o)))) Even every week, even every month I guess. Say that you choose, as your stop loss policy, to close as soon as you have an hourly closing against you (or having a time stop loss...
Thank you
For exits I'll use trailing stop somehow I'll test some trailings and we'll see
Trade with 60
  • #593
  • Feb 10, 2016 12:56am Feb 10, 2016 12:56am
Quoting kumetto
{quote} There are arrows on the chart red is for sell blue is for buy. So first is buy according to classic setup and second is sell or hedge on the previous buy from the high according to classic setup.Third is buy according to classic setup. So first and second finished with loss of -113 pips and third trade is winner and I closed it manualy at +82pips. So overall -31. {image}
Thanks Kumetto, that has clarified my understanding of entries and exits.
  • #594
  • Feb 11, 2016 2:32am Feb 11, 2016 2:32am
Hi 60 minute am trading the 4 hour on the /yen
The last 4 hour candle went down nearly 350 pips
my positions at the moment are SELL AT 170.66
BUY AT 166.76
BUY STOP at 163.66
Because of the drop of nearly 350 pips should I go down to the 1 hour time frame and move my buy stop according
What I am really asking is
With your system do you swap between time frames ie 4 hours to 1 hour and vice -versa
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYSBH4.png Size: 26 KB
  • #595
  • Feb 11, 2016 3:05am Feb 11, 2016 3:05am
Quoting raylin
Hi 60 minute am trading the 4 hour on the /yen The last 4 hour candle went down nearly 350 pips my positions at the moment are SELL AT 170.66 BUY AT 166.76 BUY STOP at 163.66 Because of the drop of nearly 350 pips should I go down to the 1 hour time frame and move my buy stop according What I am really asking is With your system do you swap between time frames ie 4 hours to 1 hour and vice -versa {image}
Hi Raylin,

I don't swap timeframes - but that is not because it couldn't work.

an important thing to accept is that when ever we adjust either risk or reward the positive will always have a corresponding negative effect on the other. Tighter stops - less risk - but the negative is more losses... etc etc. And however we trade it is the market movement that has the dominating effect on our results. So what I look for is simplicity and consistency in all the uncertainty.
tradewith60
  • #596
  • Feb 11, 2016 3:37am Feb 11, 2016 3:37am
Denise Shull..excellent

Inserted Video
tradewith60
  • #597
  • Feb 11, 2016 7:35am Feb 11, 2016 7:35am
thanks for your input minute man
I was tempted to go down to the 1 hour time frame as the £/yen was at a 2 year low
unfortunately I had to go out for 3 hours so I could not monitor the pairs
There was forex factory news out a 13:30 gmt so I kept to the 4 hour time frame
If I had gone down to the 1 hour time frame I would have been up 150 pips
Any way just keeping to the four hour system and see what happens
The nice thing about the £ yen there is a lot of activity and my broker averages below 4 pips spread
I believe you live in Bristol I live in Stroud It would be great if I could come down and visit you when you are not in Thailand
Great system

PS There is a great Lancastrian saying about the word IF
IF my auntie had balls she'd be my uncle
  • #598
  • Feb 11, 2016 8:04am Feb 11, 2016 8:04am
Quoting raylin
thanks for your input minute man I was tempted to go down to the 1 hour time frame as the /yen was at a 2 year low unfortunately I had to go out for 3 hours so I could not monitor the pairs There was forex factory news out a 13:30 gmt so I kept to the 4 hour time frame If I had gone down to the 1 hour time frame I would have been up 150 pips Any way just keeping to the four hour system and see what happens The nice thing about the yen there is a lot of activity and my broker averages below 4 pips spread I believe you live in Bristol I live in Stroud...
many friends in that part of the world...

very natural to have the fear - of course you could just of taken the large win, never anything wrong with that...
tradewith60
  • #599
  • Feb 15, 2016 12:36am Feb 15, 2016 12:36am
Hi all.What's up?
Trade with 60
  • #600
  • Feb 15, 2016 1:33am Feb 15, 2016 1:33am
Quoting kumetto
Hi all.What's up?
Hi Kumetto
I don't think there will be much activity in pairs today as there is a holiday in USA
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