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  • #621
  • Feb 19, 2016 2:19pm Feb 19, 2016 2:19pm
Kumetto did you take any trades today? Were those trades profitable?
  • #622
  • Feb 20, 2016 11:42am Feb 20, 2016 11:42am
Hi everyone -

cheap seats in the group are now full - we have 101 members. A years membership is now $299 for a year for the next 100

here's a free video from this week

Inserted Video
tradewith60
  • #623
  • Feb 20, 2016 3:05pm Feb 20, 2016 3:05pm
Quoting plus27
Kumetto did you take any trades today? Were those trades profitable?
Yes I took some trades and was a bad day. I got one quick loss because red news spread got me in GU buy.Later Internet company had problems becuase of lost power in some parts of the city and EU sucked bad whole day.
Result is: Gold +50,EU -45,GU -62 and EJ floating at -14.2 Overall -57 will see what will EJ bring.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 27 KB
Click to Enlarge Name: EURUSDH1.png Size: 39 KB
Click to Enlarge Name: GBPUSDH1.png Size: 44 KB
Click to Enlarge Name: XAUUSDH1.png Size: 35 KB
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  • #624
  • Feb 21, 2016 10:09am Feb 21, 2016 10:09am
Hi Kumetto -42 is not too bad on 4 pairs, if you don't mind me asking how many pips did you make for the week.
- 57 my bad.
  • #625
  • Feb 22, 2016 2:40am Feb 22, 2016 2:40am
Quoting plus27
Hi Kumetto -42 is not too bad on 4 pairs, if you don't mind me asking how many pips did you make for the week. - 57 my bad.
Overall +110 pips for the week
Trade with 60
  • #626
  • Feb 22, 2016 8:52am Feb 22, 2016 8:52am
Ok today trades were very nice and stress free.EJ from last Friday closed at +4 this morning. EUR/USD and USD/CHF + 100 both,Gold +5. Overall +109.Finished trading at 13:00 pm UK time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 26 KB
Click to Enlarge Name: EURUSDH1.png Size: 16 KB
Click to Enlarge Name: USDCHFH1.png Size: 16 KB
Click to Enlarge Name: XAUUSDH1.png Size: 17 KB
Trade with 60
  • #627
  • Feb 22, 2016 9:24am Feb 22, 2016 9:24am
Quoting kumetto
Ok today trades were very nice and stress free.EJ from last Friday closed at +4 this morning. EUR/USD and USD/CHF + 100 both,Gold +5. Overall +109.Finished trading at 13:00 pm UK time. {image} {image} {image} {image}
well done Kumetto... got a nice groove going on
tradewith60
  • #628
  • Feb 22, 2016 9:27am Feb 22, 2016 9:27am
Quoting kumetto
Ok today trades were very nice and stress free.EJ from last Friday closed at +4 this morning. EUR/USD and USD/CHF + 100 both,Gold +5. Overall +109.Finished trading at 13:00 pm UK time. {image} {image} {image} {image}
Hi Kumetto,

How do you decide which pairs to trade each day?

Many Thanks
Bernadetta
  • #629
  • Feb 22, 2016 9:55am Feb 22, 2016 9:55am
Quoting 60minuteman
{quote} well done Kumetto... got a nice groove going on
Thank you 60
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  • #630
  • Feb 22, 2016 10:00am Feb 22, 2016 10:00am
Well done Kumetto I really want to join the group however I am at work during London open maybe a 4 hour tf would suit me but I'm not sure if there are traders in the group that trade that way or maybe the daily
  • #631
  • Feb 22, 2016 10:00am Feb 22, 2016 10:00am
Quoting bernadetta
{quote} Hi Kumetto, How do you decide which pairs to trade each day? Many Thanks Bernadetta
Well I decided to trade majors only.UJ range is small so from EU,UC,UJ,GU i decided to bann UJ and add Gold. Overall Gold is not in my frist place ,I trade gold only if I see perfect setup.
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  • #632
  • Feb 22, 2016 10:02am Feb 22, 2016 10:02am
Quoting plus27
Well done Kumetto I really want to join the group however I am at work during London open maybe a 4 hour tf would suit me but I'm not sure if there are traders in the group that trade that way or maybe the daily
There are many traders which trade H4 and daily in the group.But ask more 60 he will explain more about that.
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  • #633
  • Edited 10:59am Feb 22, 2016 10:41am | Edited 10:59am
Quoting plus27
Well done Kumetto I really want to join the group however I am at work during London open maybe a 4 hour tf would suit me but I'm not sure if there are traders in the group that trade that way or maybe the daily
Kumetto is right, pick 2 pairs and trade the daily TF

EJ, GU would be fine.

The only difference is that on H1 there is a clearly defined period of time when the market moves and when the market doesn't - on daily there is no way of knowing, so daily you trade every day, on H1 you trade London and New York. If you're unable to trade the peak hours then intraday trading puts you at a distinct disadvantage
tradewith60
  • #634
  • Feb 22, 2016 11:43am Feb 22, 2016 11:43am
Hi 60, so in other words intra is to catch the London open momentum and daily is to catch high and low but the high and low can occur on any day of the month? Also what would be a reasonable tp on a daily tf?
  • #635
  • Feb 22, 2016 12:38pm Feb 22, 2016 12:38pm
Quoting plus27
Hi 60, so in other words intra is to catch the London open momentum and daily is to catch high and low but the high and low can occur on any day of the month? Also what would be a reasonable tp on a daily tf?
with all timeframes we need movement to profit, it's the movement that decides our fate if you like. So the approach is just to participate with no analysis, no bias, no prediction. The trades that survive we then just need to manage using some rules and judgement. Essentially you win half your trades, you lose half - but you consistently make a little bit more from your winners than your losers and thats where you achieve long term profitability. If you're always participating then you never miss the big moves.

With intraday it would be foolish to trade when we can clearly see price consistently does not move - EU and GU during asian session.

On the daily TF there is no clear times of the month so no need to miss out certain days etc.... the zig zag movement of price is the same though.

TP is a combination of how you want to trade and common sense - If i was to suggest a way best to exit then it would be bad advice, because the best exit depends on what the market does and what it will do next. In other words, there are many ways to exit.

as a simple suggestion - if youre short (and in profit)and a long triggers, close the short and reverse your position

Some people in the group prefer to shoot for a reasonable target, move there stops up when in profit, then exit and call it a day. Some people like to hold trdes for larger wins..... so many variations will work.
tradewith60
  • #636
  • Feb 22, 2016 1:15pm Feb 22, 2016 1:15pm
Nice trading Kumetto.
You doing great.

Can you share your Asian secession Indi, would appreciate it.
Thank you and happy trading.
  • #637
  • Feb 22, 2016 1:20pm Feb 22, 2016 1:20pm
Attached File(s)
File Type: mq4 BreakOut_BOX_3_indicator_Darren.mq4   9 KB | 881 downloads
tradewith60
  • #638
  • Feb 22, 2016 1:30pm Feb 22, 2016 1:30pm
60 you are the man.thanks will keep my eyes on this thread and start posting setups when I start trading in the coming month overall this thread rocks, highly recommended..
edit. When I start trading AGAIN.stay blessed
  • #639
  • Feb 22, 2016 2:58pm Feb 22, 2016 2:58pm
hey Darren, why is it no one from your room posts here,apart from kumeto?
  • #640
  • Feb 22, 2016 3:44pm Feb 22, 2016 3:44pm
Quoting FOURX
hey Darren, why is it no one from your room posts here,apart from kumeto?
well that is a good question, no idea. I think after a while there's not really much to talk about - the traders that wish to share are posting their entries and exits live in the group - seeing that other members are taking the exact same trades is the real benefit.. Working with a group all singing off the same hymn sheet helps...
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