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Factor of N
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Created: by Eric j Attachments:190

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Factor of N

  #111 (permalink)
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Eric j View Post
Took my lumps today 1 winner 3 losers -68 pips . The news had me being used like a punching bag while it broke back into bull mode .

Sorry to hear that. Tomorrow is another day and your method is proven, so no big deal.

Mike

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  #112 (permalink)
Big game hunter
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I do have a few tweaks I plan to add , in regards to MM, but for now its working well enough to qualify as worthwhile . The 1/1 risk all or nothing profit capture is somewhat crude but forces one to let the trades unfold and Ive gained a lot of dicipline practicing this day after day .

I also have a simpler version that follows the current sessions high or low as a bias that produces overall . But for this thread Ill stick to the one method only .

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  #113 (permalink)
Big game hunter
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4 winners 0 losers today +98 pips . I closed out trades 3 and 4 at 1200 EST . The choppy sloppy 75 pip range price action made money today .

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Factor of N-eurusd-9_29_2010-240-min-.jpg   Factor of N-eurusd-9_29_2010-15-min-.jpg  
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  #114 (permalink)
Big game hunter
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2 losers 0 winners today - 86 pips . Frustrating week so far but tomorrow is another day .

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  #115 (permalink)
Big game hunter
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3 winners 1 loser today +37 pips , so ends a seesaw ride of a week .

Observation -
Overall the greatest opportunites Ive seen whether the day turns out to be choppy or heavily trending begin when price starts making new highs or new lows . Sounds textbook when I say this but its true day after day . Focussing on trend following can blur these simple opportunities . If you think about it price needs to start somewhere and where it starts is up to you , it could be any time of day but its more powerpacked when its around London,Tokyo or NY open (for FX anyway) . Kinda like the "line in the sand SR level" only its a vertical line Hmmmmm food for thought .

Have a nice peaceful weekend all see ya monday .

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Factor of N-eurusd-10_1_2010-240-min-.jpg   Factor of N-eurusd-10_1_2010-15-min-.jpg  
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  #116 (permalink)
Site Administrator
Manta, Ecuador
 
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Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
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Eric j View Post
3 winners 1 loser today +37 pips , so ends a seesaw ride of a week .

Observation -
Overall the greatest opportunites Ive seen whether the day turns out to be choppy or heavily trending begin when price starts making new highs or new lows . Sounds textbook when I say this but its true day after day . Focussing on trend following can blur these simple opportunities . If you think about it price needs to start somewhere and where it starts is up to you , it could be any time of day but its more powerpacked when its around London,Tokyo or NY open (for FX anyway) . Kinda like the "line in the sand SR level" only its a vertical line Hmmmmm food for thought .

Have a nice peaceful weekend all see ya monday .

Nice work. Have a good weekend!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #117 (permalink)
Big game hunter
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3 winners 2 losers today + 19 pips . Trade 4 got dragged in on the sell stop with the wide spread .

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Factor of N-eurusd-10_4_2010-15-min-.jpg   Factor of N-eurusd-10_4_2010-240-min-.jpg  
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  #118 (permalink)
Big game hunter
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EU and its textbook uptrend channel and GCs decending triangle . Both should go up right ?

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  #119 (permalink)
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Eric j View Post
EU and its textbook uptrend channel and GCs decending triangle . Both should go up right ?

In terms of probability, maybe yes.

But the trend channel will end at one point and the descending triangle can easily breakout to the downside.

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  #120 (permalink)
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Fat Tails View Post
In terms of probability, maybe yes.

But the trend channel will end at one point and the descending triangle can easily breakout to the downside.

It will happen sooner or later. I hope sooner.

Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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