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My Line in the Sand

  • #561
  • Apr 9, 2017 10:28am Apr 9, 2017 10:28am
Quoting price777999
{quote} You wont answer my question because you're full of shit ...you haven't given one piece of valuable advice. You are an idiot.
not only not answer questions but talks bullshit and adds no value to the thread.
thinks he has ideas yet never shares anything.

furthermore

you landline are turning this into a thread that steve never intended it to be.
and finally
you talk about a few morons that prowl the threads......well guess what...yep.your right
..your def one of them.
i think you got the message....yoir not wantes here

if you had any brains you would see the methodology steve is implementing.... you know what....i know this method and im learning it.
we dont mention it here because you dont deserve the help.
you think you know the info.of trading? you know jack shi*
again
ill say it again
the light switch is by the door on the way out....tissues are free too for you

off!!!
  • #562
  • Apr 11, 2017 1:37am Apr 11, 2017 1:37am
GBP/JPY H1/M5 Short Trade

Been away for the weekend exploring the North Yorkshire Moors I'd recommend it for obtaining perspective on life.
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  • #563
  • Apr 11, 2017 1:28pm Apr 11, 2017 1:28pm
Quoting stevepatt
GBP/JPY H1/M5 Short Trade Been away for the weekend exploring the North Yorkshire Moors I'd recommend it for obtaining perspective on life. {image} {image}

GBP/JPY H1/M5 Short Trade Result

+23 pips +1.5R
Attached Image (click to enlarge)
Click to Enlarge Name: 11th April GBP:JPY H1:M5 Short Trade Result.png Size: 128 KB
  • #564
  • Apr 11, 2017 1:58pm Apr 11, 2017 1:58pm
I've looked at my results and I see a lot of my Trades taking me out at BE +1 Pip.

I am going to target +1.5R TP and see if my results improve.

One Trade a day with a hit rate of 50% and 20 Trading Days in a Month = 10 wins 10 loses Net Return = +5R each Month aiming for 1.5R on each Trade Minus Spread.

Compound those results and over time you make a good return.

I don't see any need to change my approach.

I know my results would improve greatly if I was around to take all the setups as they occur, but I'm not so I'll live with it.

I really can't understand why people lose their cool on a Forex Forum life is far too short and important to get worked up over Trading.

You, have just to observe how such small things set people off to understand the state this world is in.

People just need to respect each other and the world would be a far different place.



  • #565
  • Apr 12, 2017 5:01am Apr 12, 2017 5:01am
Quoting stevepatt
I've looked at my results and I see a lot of my Trades taking me out at BE +1 Pip. I am going to target +1.5R TP and see if my results improve. One Trade a day with a hit rate of 50% and 20 Trading Days in a Month = 10 wins 10 loses Net Return = +5R each Month aiming for 1.5R on each Trade Minus Spread. Compound those results and over time you make a good return. I don't see any need to change my approach. I know my results would improve greatly if I was around to take all the setups as they occur, but I'm not so I'll live with it. I really can't...
My focus on this thread is related only towards your results actually, simply because you have transparent trades which allows assessment.

Others may be getting their knickers in a twist, that is their problem not mine.

Back to the real stuff of constructive discussion, I see you are intending to reduce your tp by 50%. That can make sense on it's own, and may give the reward that you are happy enough with. As a suggestion though, it would also seem logical to me that your actual entry (call it a modified entry if you like), should correspondingly also be adjusted by 50% from your stop loss level more or less as I've mentioned before. I think that way, you will get the best of both worlds imo, and I'd then expect a significant improvement to your success rate.

Of course, it's always your call as usual, but that's my suggestion nevertheless.
  • #566
  • Apr 12, 2017 10:58am Apr 12, 2017 10:58am
Quoting Landline
{quote} My focus on this thread is related only towards your results actually, simply because you have transparent trades which allows assessment. Others may be getting their knickers in a twist, that is their problem not mine. Back to the real stuff of constructive discussion, I see you are intending to reduce your tp by 50%. That can make sense on it's own, and may give the reward that you are happy enough with. As a suggestion though, it would also seem logical to me that your actual entry (call it a modified entry if you like), should correspondingly...

Hi Landline,

I'll see how the reduced TP goes.

In a strongly Trending Market I can always re-enter on another M5 PullBack.

I do try to get a better Entry than my initial Entry Point but you never know when the Market is going to Break and keep going and when it's not.

If I spilt my Order there will be times when I don't get a complete Order filled and others when I get a full Order placed but the Market takes me out anyway.

I think it's going to come down to a judgement call on my part (Market Momentum etc) as to when I get into the Trade.
  • #567
  • Apr 13, 2017 5:22am Apr 13, 2017 5:22am
Quoting stevepatt
{quote} Hi Landline, I'll see how the reduced TP goes. In a strongly Trending Market I can always re-enter on another M5 PullBack. I do try to get a better Entry than my initial Entry Point but you never know when the Market is going to Break and keep going and when it's not. If I spilt my Order there will be times when I don't get a complete Order filled and others when I get a full Order placed but the Market takes me out anyway. I think it's going to come down to a judgement call on my part (Market Momentum etc) as to when I get into the Trade....
OK... no prob, it's up to you how you go about playing it.

But bear in mind, that your analysis thus far is consistent and doesn't deviate as you confirmed ref your post 529.

That means that your analysis is effectively your "constant" from which you base your decision making.

The moment you start to use other means of "judgement calls", as you have suggested, then those constants actually start to become "variables".

But as usual, it's your call mate
  • #568
  • Apr 18, 2017 1:34am Apr 18, 2017 1:34am
GBP/JPY H1 Observations
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  • #569
  • Apr 18, 2017 11:26am Apr 18, 2017 11:26am
GBP/JPY H1/M5 Long Trade
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  • #570
  • Apr 19, 2017 12:51am Apr 19, 2017 12:51am
Quoting stevepatt
GBP/JPY H1/M5 Long Trade {image}
GBP/JPY H1/M5 Long Trade Result

BE +1 Pip

This Trade was a bit frustrating seeing what happened after I was stopped out. But that's Trading who could have foreseen an M1 100+ pip move.

GBP/JPY H1/M5 Long Trade

Another day another opportunity.
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  • #571
  • Apr 19, 2017 10:31am Apr 19, 2017 10:31am
Quoting stevepatt
{quote} GBP/JPY H1/M5 Long Trade Result BE +1 Pip This Trade was a bit frustrating seeing what happened after I was stopped out. But that's Trading who could have foreseen an M1 100+ pip move. GBP/JPY H1/M5 Long Trade Another day another opportunity. {image}

GBP/JPY H1/M5 Long Trade Result

+22.5 Pips +1.5R
Attached Image (click to enlarge)
Click to Enlarge Name: 19th April 17 GBP:JPY M5 Long Trade Result.png Size: 124 KB
  • #572
  • Apr 20, 2017 12:26am Apr 20, 2017 12:26am
GBP/JPY M5 Observations
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  • #573
  • Apr 20, 2017 1:56am Apr 20, 2017 1:56am
Quoting stevepatt
GBP/JPY M5 Observations {image}

GBP/JPY H1/M5 Long Trade

Stop Loss at BE +1 Pip
Attached Image (click to enlarge)
Click to Enlarge Name: 20th April 17 GBP:JPY H1:M5 Long trade.png Size: 126 KB
  • #574
  • Apr 20, 2017 6:55am Apr 20, 2017 6:55am
Quoting stevepatt
{quote} GBP/JPY H1/M5 Long Trade Stop Loss at BE +1 Pip {image}

GBP/JPY H1/M5 Long Trade Result

+22.5 Pips +1.5R
Attached Image (click to enlarge)
Click to Enlarge Name: 20th April 17 GBP:JPY H1:M5 Long Trade Result.png Size: 124 KB
  • #575
  • Apr 20, 2017 10:38am Apr 20, 2017 10:38am
Quoting stevepatt
{quote} GBP/JPY H1/M5 Long Trade Result +22.5 Pips +1.5R {image}
great charts steve....just like a sniper???

are you marking your order blocks from the wicks or yhe body?

also.could you show how your finding the directional.bias on the 1hr?
  • #576
  • Apr 20, 2017 12:16pm Apr 20, 2017 12:16pm
Quoting devontrader
{quote} great charts steve....just like a sniper??? are you marking your order blocks from the wicks or yhe body? also.could you show how your finding the directional.bias on the 1hr?
Hi Jason,

When I see a Market Reaction (Thin Inefficient Move) I count the full Candle, or even two Candles, of the opposite colour to Market Reaction as a Level of Interest.

It's about judgment and experience as to how to Enter.

If you want to Trade H1 try using H4 10 SMA for Directional Bias.

Because I'm Trading M5 I only look at H1 10 SMA for my Directional Bias.
Attached Image (click to enlarge)
Click to Enlarge Name: 20th April GBP:JPY M5 Observations 2.png Size: 155 KB
  • #577
  • Apr 20, 2017 12:29pm Apr 20, 2017 12:29pm
Quoting stevepatt
{quote} Hi Jason, When I see a Market Reaction (Thin Inefficient Move) I count the full Candle, or even two Candles, of the opposite colour to Market Reaction as a Level of Interest. It's about judgment and experience as to how to Enter. If you want to Trade H1 try using H4 10 SMA for Directional Bias. Because I'm Trading M5 I only look at H1 10 SMA for my Directional Bias. {image}
GBP/JPY H1/M5 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 20th April 17 GBP:JPY H1:M5 Long Trade 2.png Size: 134 KB
  • #578
  • Apr 20, 2017 1:07pm Apr 20, 2017 1:07pm
Quoting stevepatt
{quote} GBP/JPY H1/M5 Long Trade {image}
GBP/JPY H1/M5 Long trade result

BE +1 Pip
Attached Image (click to enlarge)
Click to Enlarge Name: 20th April 17 GBP:JPY h1:M5 Long Trade Result 2.png Size: 106 KB
  • #579
  • Apr 22, 2017 9:37am Apr 22, 2017 9:37am
Quoting stevepatt
{quote} GBP/JPY H1/M5 Long trade result BE +1 Pip {image}
steve
send you a very important email.
pls reply?

many thanks
jason
  • #580
  • Apr 24, 2017 12:58am Apr 24, 2017 12:58am
GBP/JPY H1/M5 Long Trade
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