MichaelC1234 Journal

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MichaelC1234
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Re: MichaelC1234 Journal

Unread post by MichaelC1234 »

Hi Grant , I saw Red news on GBP but not Eur , then next been 3.0 Red US News ? ( Forex Factory )
[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
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Grant
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Re: MichaelC1234 Journal

Unread post by Grant »

Hi Michael,

Yes next red news in US at 1500 UK time...

With regard to the UK red news i still stand aside as the UK is still part of the EU and so it may still affect the volatility to some extent....

There are other very good traders i know who will only stop if the red news is in the country of the currency that they are trading, so in this case would have still taken that trade.

cheers
Grant
success = patience + discipline - greed
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MichaelC1234
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Re: MichaelC1234 Journal

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2nd Trade of the day , By Monday will be trading direct off the chart , currently using my longer term CFD platform, and to manually get the trade ticket to change stop loss takes too long stopped at -12 whilst trying to move s/l . Scalping certainly needs to be carried out directly from the chart you are working off
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[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
Topher
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Re: MichaelC1234 Journal

Unread post by Topher »

Michael

You have your settings to allow you to trade towards the purple line?

I never got the dot on my screen.


Richard
The forex market will pay you well for discipline.
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MichaelC1234
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Re: MichaelC1234 Journal

Unread post by MichaelC1234 »

Hi Richard
On the screen right click , and open indicators list, click on AIMS ENTRY V5 , change setting on Filter Purple from True to False
[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
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immy
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Re: MichaelC1234 Journal

Unread post by immy »

And defeat the purpose of v5
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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MichaelC1234
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Re: MichaelC1234 Journal

Unread post by MichaelC1234 »

Hi Immy , I thought the option was to put the dot back on if you wanted to use it as an exit , as dot to dot , not as a entry to the purple.
[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
Topher
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Re: MichaelC1234 Journal

Unread post by Topher »

immy wrote:And defeat the purpose of v5
That is why I was asking the question. If Michael had this turned on he wouldn't have made the trade and lost -12pips.

Richard
The forex market will pay you well for discipline.
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MichaelC1234
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Re: MichaelC1234 Journal

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First trade of the week -9
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[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
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MichaelC1234
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Re: MichaelC1234 Journal

Unread post by MichaelC1234 »

2nd and 3rd trade bracketed the sleeping alligator , both trades got stopped out -9 and -6
total today - 24 very nearly 2%. Missed all the big moves as they were not sety ups on my chart . Any comments on these trades very welcome
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[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
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