Moty`s Journal [Awarded Title: Samurai Sword Fruit Chopper]

[immy]

Moty Moty Moty!

What did I say? No more than 1 or max 2 for M1 Setups. Seeds on M15 are M1 setups. Plus you need to trade ONLY the pairs that are moving with great volatility. You want to get BREAKOUT IN THE DIRECTION OF THE TREND. Strong trend. Both pictures are showing sideways market. but carry on and you will see soon enough what are the best spots to trade. I URGE you to shift to H1 and DO NOT trade anything other than EU, GU, UJ and Swissy on 4 pairs and that is the absolute MAX. This would mean you're trading 4 M5 pairs. I hope you GET IT!

cheers

[moty]

Hi Immy

I think one of the important things in learning, it is the experience and learning to correct the mistakes, if I wait now to H1, i will have only 2-3 opportunities per week. Then the whole process of learning would take at least several months, if I trade the M15, I have a lot more opportunities to make mistakes, and for you to correct me. So I think I'll learn to work correctly, a much shorter time.
Once I have the experience and be able to accumulate a sequence of successful trades, I'll pass to trade H1, Since 2-3 good trades per week, are enough for me.

Does that make sense?

[immy]

Hi Immy

I think one of the important things in learning, it is the experience and learning to correct the mistakes, if I wait now to H1, i will have only 2-3 opportunities per week. Then the whole process of learning would take at least several months, if I trade the M15, I have a lot more opportunities to make mistakes, and for you to correct me. So I think I'll learn to work correctly, a much shorter time.
Once I have the experience and be able to accumulate a sequence of successful trades, I'll pass to trade H1, Since 2-3 good trades per week, are enough for me.

Does that make sense?

Moty

I think I know exactly what you mean or trying to say. But there is a problem. Charts behave slightly differently on different time frames specially on H1 and M15 charts. In specific to the Seed method, the best results you'll find will be H1 Seeds. The first problem is the spread. Spread may eat away your profits. It looks minor but creates a huge difference. I do not want to go into specifics as it will take a lot more words to explain. Instead I'd point out the most important thing, which is if you're preparing for H1 charts, then practising on M15 charts, will NOT help you 100%. I know you want to save time, but the fact of the matter is, if its going to take 2-3 months , then let it be 2-3 months. Does it not make sense to let the natural course of event takes its time? Would it not make sense to let the flower in the pot grow at its own pace?
Besides what's the Rush anyway? Its ok to be a millionaire a couple of months later than March 2015. \m/ If you spend 2 months on m15 preparing for H1, you will in the end find out that the 2 months spend on m15 were not of much use, reason? because you spent it on M15 and NOT h1. I don't know how to explain this, but if you're practising for ice skating, skating on the road will not help that much... i hope this makes sense. So I humbly URGE you to practice with 2 pairs on H1. Or if you don't heed to this recommendation then stick on 1 pair on M15.

Most kind Regards my friend! all the best.

[moty]

Hi All

aud/usa m5/15 + m15 seed, this morning, closed half on 1:1, and half at H1 high, total 1.5:1.

[immy]

Hi All

aud/usa m5/15 + m15 seed, this morning, closed half on 1:1, and half at H1 high, total 1.5:1.

Great concept, great Setup, great execution and lovely exit. well done

[moty]

Saw AU m15 seed, drop down to m1 and found S1. cuz I had to leave the computer for a few minutes , i left TP at the TZ1, or 2:1 R:R.
I returend after 20 min, and found that the story ended with happy end.

[moty]

And the last trade for this week.

Total 3 trades this week, total R:R 6.5:1

[immy]

And the last trade for this week.

Total 3 trades this week, total R:R 6.5:1

Moty, I really admire the way you have developed your style and how refined your trades are. I remember the days when you had no idea about the setup (no offense please). But now you're nailing them setups. Keep at it brother and you will enjoy the fruit of "correct" trading...

have a great weekend. well done on your trading this week. \m/

[moty]

The day of the seeds trade---

found m15 seeds set ups on EU @ EJ, I was able to close 50% on 1:1, and hoped to get more from the other half, but only BE.

[immy]

The day of the seeds trade---

found m15 seeds set ups on EU @ EJ, I was able to close 50% on 1:1, and hoped to get more from the other half, but only BE.

That is 1% in total and that is the GOLD standard. if you trade like this, you will become rich. its the truth.