Tom from Leeds's Journal
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tombacon89
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Re: Tom from Leeds's Journal
retest of the 60 low which may have acted as a nice bit of resistance, took the break of it with the immediate bias been short. missed tp by a micro pip - how annoying. another be. next.
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'Do Not let yourself get in the way of your profit producing tools'
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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tombacon89
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Re: Tom from Leeds's Journal
euro finally broke out of it's cage at the end of the day. I managed to get 1% out of the move. Happy to get that after 2 break even's this morning that should have been winners. Enjoy your weekends
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'Do Not let yourself get in the way of your profit producing tools'
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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tombacon89
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Re: Tom from Leeds's Journal
I went long on cable this morning based on resistance becoming support on the 60 high and the bias been long. The nice tight aims box of 5 pips on this level sold it to me, 5min ao was close to zero line although 1min wasn't correct. I am using other factors combined with aims so therefore not all my trades will look textbook on an aims chart. I closed out manually after price didn't quite get my tp and ali looked extended. +0.95%.
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'Do Not let yourself get in the way of your profit producing tools'
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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tombacon89
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Re: Tom from Leeds's Journal
no real support and resistance lines to play with during my chart time today. I noticed 15min chart was pretty extended and due a retrace so I went short on the 1min chart. Entry was below red line on m5, 2nd entry was below blue line on m5. I Braved it and added on to my position. I came out with 1.36% which im chuffed with. I exited manually on black dot and ao losing momentum after the move. Holding back my stop losses on this trade really paid off.
You do not have the required permissions to view the files attached to this post.
'Do Not let yourself get in the way of your profit producing tools'
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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tombacon89
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Re: Tom from Leeds's Journal
Hope everyone had a great xmas, unfortunatley my day job is in retail and I have been working. Had a few hours spare today for a bit of chart time, I am playing around with a trailing stop ea which was an xmas present from a trader I know (cheers humpha) I'm mainly using it on 5 and 15min charts but gave it a go on the 1min charts today.. possibly need to play around with the 1min settings to allow some breathing room before the trade gets going. See below:
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'Do Not let yourself get in the way of your profit producing tools'
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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immy
- Founder
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Re: Tom from Leeds's Journal
I love this picture! and well done on today's gain. wish you had let it run! hey hoo... nice tradingtombacon89 wrote:no real support and resistance lines to play with during my chart time today. I noticed 15min chart was pretty extended and due a retrace so I went short on the 1min chart. Entry was below red line on m5, 2nd entry was below blue line on m5. I Braved it and added on to my position. I came out with 1.36% which im chuffed with. I exited manually on black dot and ao losing momentum after the move. Holding back my stop losses on this trade really paid off.
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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tombacon89
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Re: Tom from Leeds's Journal
Cheers immy, under normal trade management I would have hit 2% tgt. But it is what it is 
I am happy with a good entry method now combining htf price action and aims 1min. I feel it is my edge (it at least keeps me disciplined), my entries are getting better and ratio of wins:losses is improving. I need to become the bricklayer now.. bring on 2013.
I am happy with a good entry method now combining htf price action and aims 1min. I feel it is my edge (it at least keeps me disciplined), my entries are getting better and ratio of wins:losses is improving. I need to become the bricklayer now.. bring on 2013.'Do Not let yourself get in the way of your profit producing tools'
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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tombacon89
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- Posts: 384
- Joined: 05 Feb 2012, 18:26
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Re: Tom from Leeds's Journal
Happy New Year everyone and all the best.
Okay so my 'real' journey on becoming a forex trader started in feb 2012, I personally feel like i've come on leaps and bounds as a trader in these last 10 months. I now am starting to 'get it' and understand the markets, and think about the markets and what they're telling me. They go where they want and I get that now. Learning about support/resistance and price action and the combination of the two has somewhat changed my attitude to trading and the markets, and I feel much more confident now with my entries. I do use a price action strategy which isn't aims on time frames above m1. However I am still trading aims style on 1min, and the correlation between m1 aims and the price action stuff is very similar in terms of entries. 2013 I hope is going to be my pivital year in my trading career.
My main goals for the 2013 trading year are:
Trade at full 1% risk and accept my full 1% losers
1% growth per week on full account size (compounding)
Find a good exit strategy and determine wether im a 'gunner or a runner' - taking small consistant profits may be better for me to achieve my 1% weekly goal.
MAINTAIN MY DISCIPLINE DURING EVERY SESSION!!!
Okay so my 'real' journey on becoming a forex trader started in feb 2012, I personally feel like i've come on leaps and bounds as a trader in these last 10 months. I now am starting to 'get it' and understand the markets, and think about the markets and what they're telling me. They go where they want and I get that now. Learning about support/resistance and price action and the combination of the two has somewhat changed my attitude to trading and the markets, and I feel much more confident now with my entries. I do use a price action strategy which isn't aims on time frames above m1. However I am still trading aims style on 1min, and the correlation between m1 aims and the price action stuff is very similar in terms of entries. 2013 I hope is going to be my pivital year in my trading career.
My main goals for the 2013 trading year are:
Trade at full 1% risk and accept my full 1% losers
1% growth per week on full account size (compounding)
Find a good exit strategy and determine wether im a 'gunner or a runner' - taking small consistant profits may be better for me to achieve my 1% weekly goal.
MAINTAIN MY DISCIPLINE DURING EVERY SESSION!!!
'Do Not let yourself get in the way of your profit producing tools'
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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tombacon89
- AIMSter
- Posts: 384
- Joined: 05 Feb 2012, 18:26
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Re: Tom from Leeds's Journal
Trade 1 - unfortunatley was tagged at BE on cable this morning
Trade 2 - euro short late in the day. Price stalled at the bottom of the aims box for 3 mins. I manually closed for +0.2%.
I could have had more than 1% today by manually closing on aims ao or black dot etc. Food for thought.
Trade 2 - euro short late in the day. Price stalled at the bottom of the aims box for 3 mins. I manually closed for +0.2%.
I could have had more than 1% today by manually closing on aims ao or black dot etc. Food for thought.
You do not have the required permissions to view the files attached to this post.
'Do Not let yourself get in the way of your profit producing tools'
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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Topher
- Free Member
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Re: Tom from Leeds's Journal
Tom
I have to agree you have improved dramatically as a trader during the past year. You have the right attitude and focus towards your trading.
One word of advice if I may. Before you place a trade you need to know how you are entering and how you are exiting. Believe in what you are doing and stick to your plan.
Richard
I have to agree you have improved dramatically as a trader during the past year. You have the right attitude and focus towards your trading.
One word of advice if I may. Before you place a trade you need to know how you are entering and how you are exiting. Believe in what you are doing and stick to your plan.
Richard
The forex market will pay you well for discipline.