6:40am to 5:00pm and no trades.
I looked for a scalping strategy on M1 timeframe to fill in the gaps between my existing H4 and D1 system, at present it is the other way round. I am getting far more trades on the higher timeframes which is bizarre.
I am on holiday all of next week as it is my wife’s birthday. I was planning a week away in New York however; she wants to spend the week trading. She currently trades H1, H4 and D1 on different strategies to me and is very successful but she too wants to explore scalping so it could be an interesting week.
Have a good weekend everyone and I will see you on Monday morning.
Richard
Topher's Journal
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Topher
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Topher
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Re: Topher's Journal
I am on off work this week and had planned to spend the week trading Aims. I sat down at the PC at my usual 6:45 and watched patiently until 8:30 (no trades) and then guilt became the better of me and I went to work on my house (I am building my own house) and made two doors.
Tomorrow I plan to trade 2 hours at Frankfurt/London open then an hour or so at NY open.
Richard
Tomorrow I plan to trade 2 hours at Frankfurt/London open then an hour or so at NY open.
Richard
The forex market will pay you well for discipline.
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Topher
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Re: Topher's Journal
First trade on M1 for a while.
When price started to retrace I got out manually for +4pips.
Richard
When price started to retrace I got out manually for +4pips.
Richard
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The forex market will pay you well for discipline.
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Nitin
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Re: Topher's Journal
Congratz Mate I just missed this one due to fast price action :-bdTopher wrote:First trade on M1 for a while.
When price started to retrace I got out manually for +4pips.
Richard
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msk185
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Re: Topher's Journal
Hi Richard, yep took this one too, but moved my stop to b/e on the retrace, well done on taking some pips
Mike
Mike
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Topher
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Re: Topher's Journal
Both M1 & M5 Aims were sleeping, therefore I bracketed the price and set my PO 3 pips above the M15 Aims level.
I trailed the candle low by 3 pips until my SL was taken out for +12pips.
Richard
I trailed the candle low by 3 pips until my SL was taken out for +12pips.
Richard
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The forex market will pay you well for discipline.
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Herbert
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Re: Topher's Journal
Good one (wd)
I am normally too wary for fake-outs pre-Frankfurt, but also seen some very good setups like this one.
Well done.
Herbert
I am normally too wary for fake-outs pre-Frankfurt, but also seen some very good setups like this one.
Well done.
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
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Herbert
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Re: Topher's Journal
Interesting note if i may. Your position held over subwave iii-iv-v = w3, with w4 and w5 following. Excellent potential exposure.
Herbert
Herbert
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Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
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immy
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Re: Topher's Journal
Does it play the song 5-6-7-8 as well (rofl) I have a few more indicators if you'd like to stick them up too! hey, as long as you know what you're doing, anything will do! for me I think I'm getting overloaded with indicators.... 3+alert and Multip fib! add one more and my tiny brains will fail! :o3
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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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Nitin
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Re: Topher's Journal
100% Agreed Imranimmy wrote:Does it play the song 5-6-7-8 as well (rofl) I have a few more indicators if you'd like to stick them up too! hey, as long as you know what you're doing, anything will do! for me I think I'm getting overloaded with indicators.... 3+alert and Multip fib! add one more and my tiny brains will fail! :o3