Michal's Journal

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Michal
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Re: Michal's Journal

Unread post by Michal »

immy wrote:U have added one more lol 2 or 3 max

(rofl) :) oh ok i always was treating dax as something else :) so i guess it will be then:
dax (m5/m30),
eur/jpy and aud/usd m15/h1 :)

Wow that is something new for me to trade only 3 pairs :) so excited :ymdaydream: as so far i was happy and unhappy with my trading more than 3 :) i will keep you updated
:-bd
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immy
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Re: Michal's Journal

Unread post by immy »

Listen, if you want to trade M5 simply check 3 pairs using any template you decide to use. And just follow the signals. Soon you will find that you won't be able to cope with all signals and asking another question. Do I have to take all the signals? The answer to that is no. Next Question: How do I decide which one to take which one to not take. the answer to that is a. why not chose one pair to trade so you can focus on your pair and its easier to filter signals 2. go with the one that shows momentum and gator on 5x higher time frame is nicely freshly open. meaning one that shows trend and momentum.

psst: I still recommend trading only 1 pair. Trust me on this.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
Michal
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Re: Michal's Journal

Unread post by Michal »

sorry for all these mess as i was sending messages via pm and asking on my journal as well;

So just to clear things up and not to mess to many up this is what im doing finally:
option 1. 3 pairs on m15/h1 or
option 2. 3 pairs on m15/h1 + Dax(m5/m30)

trading time : 12-4 pm uk time

so as long as i understood that should do the job am i right ? Immy or Anyone :)
Im sorry if it looks silly but trying to make it as good as i can and need experience of others. Cheers

:-bd
All I need is Aims. Just love it !
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immy
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Re: Michal's Journal

Unread post by immy »

Option 1 is just fine. :) and don't give yourself more options. Decide now and stick to it at least 3 months.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
Michal
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Re: Michal's Journal

Unread post by Michal »

immy wrote:Option 1 is just fine. :) and don't give yourself more options. Decide now and stick to it at least 3 months.
Will do exactly as you said :) Thank you (hug) :)
All I need is Aims. Just love it !
Michal
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Re: Michal's Journal

Unread post by Michal »

(party)

One thing i've noticed by reducing currencies to trade is : is even more enjoyable and i can focus more on what actually is going on charts:) so big Thank you Immy for putting another missing puzzle in to my trading routine. (hug) . I've just started but im highly motivated to listen what have been told and just to stick to 3 currencies :) I will keep updating how this has change for me.... if only someone wants to read it haha (rofl)

Result: + 58 pips
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Last edited by Michal on 02 Dec 2014, 16:50, edited 1 time in total.
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zlabis
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Re: Michal's Journal

Unread post by zlabis »

I really like to read your journal, Michal, so please keep it on ;-)

Btw. very nice trades!!!

Cheers, Michael (zlabis)
"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"
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immy
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Re: Michal's Journal

Unread post by immy »

yep watching it keenly.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
Michal
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Re: Michal's Journal

Unread post by Michal »

and that's it for today :) really happy !

result : +67 pips
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All I need is Aims. Just love it !
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immy
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Re: Michal's Journal

Unread post by immy »

You've hit it on the head... well done... so one day you're messaging me and the next day you're successful already... wow... what a change...
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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