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  • #761
  • Apr 29, 2016 2:34pm Apr 29, 2016 2:34pm
Hi all.I'm glad that you're doing well.I'm posting my weekly trades GU H1.Ended with -20 for the week.Learned another lesson with minimum loss.Thanks all for sharing here. Thank you 60
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Trade with 60
  • #762
  • Apr 29, 2016 3:11pm Apr 29, 2016 3:11pm
Quoting JRob
Hi Raylin, Those figures look very impressive. I know you said you take the high/low of the second candle of the week as the starting point. Thereafter, are the figures based on taking reversals if a candle forms a new high or low for the week to date? (i.e. you would just ignore candles that don't form a weekly high or low)
Hi JRob Yes I did not bother about the weekly high I was more aware of the 4 weekly high
If you check my previous post I placed 2 trades on the 2nd candle at 6:00am
The sell trade was taken 1st
The buy trade was taken second with 90 pips negative hedge
The third trade was a sell .This part was tricky as we were coming into a 4 week high so I only moved my sell up very conservatively
In hind site when the third trade was taken I should have waited for the 4 hour candle to close and then moved my take profit to 190 ie 190-90 locked in 100 pips
I should have then moved the stop loss down to high of the proceeding candles plus 15 pips until I was stopped out
This is only the 2nd time I have traded this system on the /yen but looks quite lucrative
Think about it trade one mini lot 100 pips a week ie 400/ month could pay off part of your mortgage
If you trade 1 lot equals 4000 a month Be a full time trader looking at your computer 6 times a day
  • #763
  • Apr 30, 2016 3:46am Apr 30, 2016 3:46am
Inserted Video
tradewith60
  • #764
  • Apr 30, 2016 5:13am Apr 30, 2016 5:13am
great video 60minuteman
On the 4 hourly I think its a good idea if a decent break out takes place on one four hour candle to lock in at least 50 to a 100 pips
If the next 4 hour candle is also also breaking out strong lock in another 50 or a 100 pips
Of course you have to take the weekly range of the pair
ie weekly range of 500 you can move your stops down by a hundred pips each major move and maybe set a solid 400 pips profit incase there is a
massive spike in your favour
if the weekly range is only 200 then it might be advisable to only move the stop by 50 pips
  • #765
  • Apr 30, 2016 5:51am Apr 30, 2016 5:51am
Quoting raylin
great video 60minuteman On the 4 hourly I think its a good idea if a decent break out takes place on one four hour candle to lock in at least 50 to a 100 pips If the next 4 hour candle is also also breaking out strong lock in another 50 or a 100 pips Of course you have to take the weekly range of the pair ie weekly range of 500 you can move your stops down by a hundred pips each major move and maybe set a solid 400 pips profit incase there is a massive spike in your favour if the weekly range is only 200 then it might be advisable to only move the...
agree Raylin, you should know the characteristics of the pair you trade - I feel I know GU very well and it gives me confidence. I don't go deep into analysis of it, I don't like analysis - it's more a feel thing.
tradewith60
  • #766
  • May 1, 2016 3:57am May 1, 2016 3:57am
Inserted Video
tradewith60
  • #767
  • May 1, 2016 4:22am May 1, 2016 4:22am
2 good videos 60mm, thanks.
I have been trading every break out on the GU 1h tf. I clearly haven't got my exit strategy right yet because I have made some pips, but then tend to give some back when it consolidates and gets a bit choppy.
I am now going to try trading just the highs and lows of the session to date, and hold them longer with maybe a Net TP of 100 in mind.

Yes Raylin, 100 pips a week consistently would be fantastic.
  • #768
  • May 1, 2016 4:37am May 1, 2016 4:37am
Quoting JRob
2 good videos 60mm, thanks. I have been trading every break out on the GU 1h tf. I clearly haven't got my exit strategy right yet because I have made some pips, but then tend to give some back when it consolidates and gets a bit choppy. I am now going to try trading just the highs and lows of the session to date, and hold them longer with maybe a Net TP of 100 in mind. Yes Raylin, 100 pips a week consistently would be fantastic.
Hi Jrob, takes some time and practice - I went through many variations before it started to click for me but if you have the dedication required the pay off is massive and life changing.
tradewith60
  • #769
  • Edited 8:08am May 1, 2016 5:19am | Edited 8:08am
It's the most relaxing way of trading I've found (More relaxing when winning, of course!), and I intend to stick with it.
As you said in one of your videos, it's important to know when to stop trading for the week. A few times I hit my target b
y Tuesday, but stupidly kept trading, and gave a fair chunk back. I will learn, eventually.
  • #770
  • Edited 1:52pm May 1, 2016 10:00am | Edited 1:52pm
I have made lot's of old content available on my youtube channel, it's old but completely relevant still... If you could subscribe to the channel I would appreciate as I need 100 subscribers to be able to set a custom url, you'll also get notifications when I add new content or schedule live webinars, thanks!

https://www.youtube.com/channel/UCxV...ONFVfynQqQWeEQ

ok excellent I have a better URL now

https://www.youtube.com/c/Tradewith60live
tradewith60
  • #771
  • May 2, 2016 2:39am May 2, 2016 2:39am
subscribed
  • #772
  • May 2, 2016 3:27am May 2, 2016 3:27am
Subscribed, will be trading daily this month so will be watching ur videos on youtube for gu.
  • #773
  • May 2, 2016 4:05am May 2, 2016 4:05am
Quoting plus27
Subscribed, will be trading daily this month so will be watching ur videos on youtube for gu.
There is another trader who has been trading daily TF with me for a few years who will be contributing content also, frankly he is probably better and more experienced on that timeframe than me, and has the results to prove it, so it should be good.
tradewith60
  • #774
  • May 2, 2016 4:06am May 2, 2016 4:06am
Hi 60mm,
I tried several times to sub to your you tube channel, but keep on getting the following error message.
I'm not sure how to correct this.
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  • #775
  • May 2, 2016 4:23am May 2, 2016 4:23am
Hi Darren, will you have a specific time as to when you will be posting this videos also will you put up the links here on ff
Quoting 60minuteman
{quote} There is another trader who has been trading daily TF with me for a few years who will be contributing content also, frankly he is probably better and more experienced on that timeframe than me, and has the results to prove it, so it should be good.
  • #776
  • May 2, 2016 6:10am May 2, 2016 6:10am
Quoting forexday
Hi 60mm, I tried several times to sub to your you tube channel, but keep on getting the following error message. I'm not sure how to correct this. {image}
maybe because the url has updated? did you try this one? https://www.youtube.com/c/Tradewith60live
tradewith60
  • #777
  • May 2, 2016 6:11am May 2, 2016 6:11am
Quoting plus27
Hi Darren, will you have a specific time as to when you will be posting this videos also will you put up the links here on ff{quote}
I will continue to post here, if you subscribe to the youtube channel you should get notifications when I add new content.
tradewith60
  • #778
  • May 2, 2016 8:20am May 2, 2016 8:20am
Hi Darren, what other pair besides gu are good to trade the daily, also is 400 pips per month realistic in daily tf? Eg. 200 on gu and 200 on another pair?
Quoting 60minuteman
{quote} There is another trader who has been trading daily TF with me for a few years who will be contributing content also, frankly he is probably better and more experienced on that timeframe than me, and has the results to prove it, so it should be good.
  • #779
  • May 2, 2016 9:04am May 2, 2016 9:04am
Quoting plus27
Hi Darren, what other pair besides gu are good to trade the daily, also is 400 pips per month realistic in daily tf? Eg. 200 on gu and 200 on another pair? {quote}
I would suggest using your own data for setting targets, Ideally from live/demo trading, but 200 on any daily pair should be easy to achieve. I'm fond of gold and EJ, UCAD seems popular. I would imagine any major would be good, but beware of overloading risk or decisions
tradewith60
  • #780
  • May 2, 2016 4:04pm May 2, 2016 4:04pm
Hi Darren, I did a backtest on gu and gold I think those two pairs alone will bring in sufficient amount of pips for the month. Apart from 2 pairs and 400 pips I think a military like mindset is also needed to get you past the drawdown. I might be wrong....
Quoting 60minuteman
{quote} I would suggest using your own data for setting targets, Ideally from live/demo trading, but 200 on any daily pair should be easy to achieve. I'm fond of gold and EJ, UCAD seems popular. I would imagine any major would be good, but beware of overloading risk or decisions
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