35854 replies to this topic

[Plasma]

Hi guys....


This is not to boast, but as you know from previous posts, I am still in the red this fin year. However, my efforts to become consistently profitable is becoming more of a reality....this week I gained 835 pips from 16 trades ....and no red trades.


So far ...if all holds well, it will be my first ever green month at the end of July. In essence I have traded less and have been more disciplined ito my entries. Still need to improve a some variables...but looking better.


Still need to make up 4 000 pips in this fin year.

That is awesome Plasma. Do you set like 50 points limits on your trades?

Hi BZ

If the day is deemed uncertain ito a potential good run, then 50 pips is my target. If my chart target exit exceeds that, then it is seen as a bonus. It all indicators are positive, then anything from 50 to 150. Today after things started looking quite positive, I was going to sit tight like A always said....but forgot that I had a limit @ 46 400. Did get in after a little retrace however.

All trades were longs.

[warnerbroers]

i should stop playing join the dots...normally gets me into trouble 

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[BlythZ]

For just as long as you trade with high frequency you will lose and brokers will win.

Same as for just for as long as you bet with high frequency you will lose and the bookie will win.

And your system is meaningless. And you simply pay for the privilege.

The only systems being put forward are the ones that encourage high frequency trading.

These are the systems that the brokers want you to use and believe in.

Once you go broke you will be replaced by ten more.

The broker always wins.

(Suppose I will be blocked for such sacrilege)

Hi Vertebrae, 

 

I won't block you, i value your input. So what strategy do you use, if you don't mind sharing? 

[BlythZ]

Hi guys....

This is not to boast, but as you know from previous posts, I am still in the red this fin year. However, my efforts to become consistently profitable is becoming more of a reality....this week I gained 835 pips from 16 trades ....and no red trades.

So far ...if all holds well, it will be my first ever green month at the end of July. In essence I have traded less and have been more disciplined ito my entries. Still need to improve a some variables...but looking better.

Still need to make up 4 000 pips in this fin year.

That is awesome Plasma. Do you set like 50 points limits on your trades? 

[Argento]

Hi guys....

This is not to boast, but as you know from previous posts, I am still in the red this fin year. However, my efforts to become consistently profitable is becoming more of a reality....this week I gained 835 pips from 16 trades ....and no red trades.

So far ...if all holds well, it will be my first ever green month at the end of July. In essence I have traded less and have been more disciplined ito my entries. Still need to improve a some variables...but looking better.

Still need to make up 4 000 pips in this fin year.

Go P!!

 

Still think you can make more if you try the 'sitting tight' way!

 

A

[Plasma]

Hi guys....

This is not to boast, but as you know from previous posts, I am still in the red this fin year. However, my efforts to become consistently profitable is becoming more of a reality....this week I gained 835 pips from 16 trades ....and no red trades.

So far ...if all holds well, it will be my first ever green month at the end of July. In essence I have traded less and have been more disciplined ito my entries. Still need to improve a some variables...but looking better.

Still need to make up 4 000 pips in this fin year.

[Vertebrae]

For just as long as you trade with high frequency you will lose and brokers will win.

Same as for just for as long as you bet with high frequency you will lose and the bookie will win.

And your system is meaningless. And you simply pay for the privilege.

The only systems being put forward are the ones that encourage high frequency trading.

These are the systems that the brokers want you to use and believe in.

Once you go broke you will be replaced by ten more.

The broker always wins.

(Suppose I will be blocked for such sacrilege)

 

 

 

 

[Argento]

Coming from you Argento, my confidence has been lifted.

 

I am yet to understand the Elliot Waves and seasonals (though i know that come December i should load them longs and go on holiday and come back to sell everything and go short on the 2nd of January).

 

Your input is greatly appreciated. Keep up the good work

My strategy consists of the following before I trade:

 

E - Elliot waves

S - Signal (Candle, macd, bollingerbands, moving averages)

S - Seasonals

C - Channel

 

It took me years to get to this but it works, and took me the longest to grasp the most important one...Elliot waves, have to know where you are otherwise the other signals will work but can still let you down!

 

Best way is to go back and try mapping the waves, like I said using Caldaro's terminology helps, cause once you master that you will be scared by just how much your account grows...knowing and not guessing, let's you sleep like a baby at night!

 

Go Bulls!(Not the blue ones)

 

A

Edited by Argento, 18 July 2014 - 04:44 PM.

[BlythZ]

Thanks BlynZ.  This looks very good.  I appreciate it that you posted your trading strategy.

You are welcome, i hope you make money from this strategy

[BlythZ]

I will just add Elliott waves and seasonals to this but you sure got it right BlythZ!

 

A

Coming from you Argento, my confidence has been lifted.

 

I am yet to understand the Elliot Waves and seasonals (though i know that come December i should load them longs and go on holiday and come back to sell everything and go short on the 2nd of January).

 

Your input is greatly appreciated. Keep up the good work

[MiniTrader]

Thanks BlynZ.  This looks very good.  I appreciate it that you posted your trading strategy.

[Argento]

Hi Casenova, 

 

I have been losing money as well of late and am trying not to lose any more but rather gain some of it back and hopefully back into profit soon. 

 

What i am trying to do now is to look at the following things to decide whether i should be long or short: 

 

1. I look at the MACD to see whether there is any positive divergence 

2. I check the Bollinger bands to see where the market is within the band and if we are at the lower Bollinger band that is another signal to go long

3. Ii look at the CCI (20) to see if it is turning heading North

4. I look to see if the 3 EMA is above the 10 EMA

 

If all those 4 items are ticked off that is when i SHOULD go long, but i am always so stubborn i don't stick to the rules and end up losing mone. 

 

For shorts:

 

1. I look at the MACD to see whether there is any negative divergence 

2. I check whether the upper Bollinger Band was pierced

3. I look at the CCI (20) to see if it is turning heading South 

4. If the 3 EMA is below the 10 EMA 

 

If all those 4 items are ticked off that is when i SHOULD go short. 

 

It all depends on the time frame that you use, so for shorter time frames like 1 min to 5 mins you should expect to quickly exit that trade if there are signs of weakness in the case of a long and signs that the market is about to go higher in the case of shorts. 

 

Thanks to HDB that is how i got to start using the CCI and EMAs. 

 

Try it and see if it works before you quit. 

I will just add Elliott waves and seasonals to this but you sure got it right BlythZ!

 

A

[Argento]

Trading discipline is severely difficult. I have to say, if ever someone thinks that trading = get rich quick, they are mistaken. I think the most important skill that i have acquired is the ability to loose money. Having that ability is the only thing keeping me from actually loosing money.

 

I guess it is therefore save to say that you have not learn't how to make money, if you have not learn't how to loose money. Capital preservation is the result of the above mentioned lesson, which is indeed a lesson with a rather fucked-up learning curve.

 

It is for this reason that i will NOT trade this market until such time comes where i have regained some confidence in it's ability to be more predictable.

 

May the markets be with you all during this time of seemingly random market movement characterized with volatility of the kind that results in losses.

 

C

Trading is not easy, that is why 90% of all traders just don't make it, you will loose money and unfortunatly that is the only way you learn, but never give up!!

 

Livingstone the best trader that lived was 7 times broke before he got it right, go and read his story!

 

It will take time and experience but is like any other art, you need to practice to master it!

 

This forum offers you the insights to formulate your strategy and once you have it, you will start losing less money!

 

A

[BlythZ]

Trading discipline is severely difficult. I have to say, if ever someone thinks that trading = get rich quick, they are mistaken. I think the most important skill that i have acquired is the ability to loose money. Having that ability is the only thing keeping me from actually loosing money.

 

I guess it is therefore save to say that you have not learn't how to make money, if you have not learn't how to loose money. Capital preservation is the result of the above mentioned lesson, which is indeed a lesson with a rather fucked-up learning curve.

 

It is for this reason that i will NOT trade this market until such time comes where i have regained some confidence in it's ability to be more predictable.

 

May the markets be with you all during this time of seemingly random market movement characterized with volatility of the kind that results in losses.

 

C

Hi Casenova, 

 

I have been losing money as well of late and am trying not to lose any more but rather gain some of it back and hopefully back into profit soon. 

 

What i am trying to do now is to look at the following things to decide whether i should be long or short: 

 

1. I look at the MACD to see whether there is any positive divergence 

2. I check the Bollinger bands to see where the market is within the band and if we are at the lower Bollinger band that is another signal to go long

3. Ii look at the CCI (20) to see if it is turning heading North

4. I look to see if the 3 EMA is above the 10 EMA

 

If all those 4 items are ticked off that is when i SHOULD go long, but i am always so stubborn i don't stick to the rules and end up losing mone. 

 

For shorts:

 

1. I look at the MACD to see whether there is any negative divergence 

2. I check whether the upper Bollinger Band was pierced

3. I look at the CCI (20) to see if it is turning heading South 

4. If the 3 EMA is below the 10 EMA 

 

If all those 4 items are ticked off that is when i SHOULD go short. 

 

It all depends on the time frame that you use, so for shorter time frames like 1 min to 5 mins you should expect to quickly exit that trade if there are signs of weakness in the case of a long and signs that the market is about to go higher in the case of shorts. 

 

Thanks to HDB that is how i got to start using the CCI and EMAs. 

 

Try it and see if it works before you quit. 

[Vintage_Strat]

Trading discipline is severely difficult. I have to say, if ever someone thinks that trading = get rich quick, they are mistaken. I think the most important skill that i have acquired is the ability to loose money. Having that ability is the only thing keeping me from actually loosing money.

 

I guess it is therefore save to say that you have not learn't how to make money, if you have not learn't how to loose money. Capital preservation is the result of the above mentioned lesson, which is indeed a lesson with a rather fucked-up learning curve.

 

It is for this reason that i will NOT trade this market until such time comes where i have regained some confidence in it's ability to be more predictable.

 

May the markets be with you all during this time of seemingly random market movement characterized with volatility of the kind that results in losses.

 

C

 

Hope you don't miss out on the fireworks while watching from the sidelines C... There os lots of money to be made.. just needs one to be a bit more cunning in the way they approach the markets.. it's not markets as usual as of late..  hopefully now in teh afternoon we are seeing the start of a bull run which will go on til Tuesday.. in which we will see some outrageous movements..

[Casenova]

Trading discipline is severely difficult. I have to say, if ever someone thinks that trading = get rich quick, they are mistaken. I think the most important skill that i have acquired is the ability to loose money. Having that ability is the only thing keeping me from actually loosing money.

 

I guess it is therefore save to say that you have not learn't how to make money, if you have not learn't how to loose money. Capital preservation is the result of the above mentioned lesson, which is indeed a lesson with a rather fucked-up learning curve.

 

It is for this reason that i will NOT trade this market until such time comes where i have regained some confidence in it's ability to be more predictable.

 

May the markets be with you all during this time of seemingly random market movement characterized with volatility of the kind that results in losses.

 

C

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[Shortboy]

IG is following me everytime I post my trade the market shoots in a opposite way same as last friday but I got those fuckers I went long and not short Haha suckers

You're really funny BC!!   

[Argento]

Think this bull is going to come out swinging next week!

 

60min macd and 21 moving average turning north!

 

A

[Vertebrae]

V closed my long for 20 points profit and went short imo it is time to start building a short position market is changeing we should have been higher if Bull was still strong world markets flat and it just looks more and more like the iv wave is upon us just my view

 

Wave iv been upon us from 3rd July. The abc looks to be in c. (Otherwise we are in 5th already) Retrace can be 38.2% of wave iii =  45060

Chart looking more shipshape with gap closed.

Shorts are selling. US will show the way before they close.

You not having much luck.

[grantmu]

With S&P futures green, and if we can break through resistance at 46 400 IG cash...then definitely at good day....

I am not aiming that high, I will be quite happy if only 2 of my longs stay in the green, no number required just green will do.