psaini1973 Posted December 7, 2011 Author Report Share Posted December 7, 2011 Well begun is half done Profit of $ 587 :) Check Out: http://img33.imageshack.us/img33/1725/eur55.gif http://img33.imageshack.us/img33/1725/eur55.gif canforex, jasper2603 and dhinesh89 3 Quote Link to comment Share on other sites More sharing options...
maestro1713006416 Posted December 7, 2011 Report Share Posted December 7, 2011 Well begun is half done Profit of $ 587 :) Check Out: http://img33.imageshack.us/img33/1725/eur55.gif http://img33.imageshack.us/img33/1725/eur55.gif Nice work! I should have stayed in my trade after all! Pity I had a bus to catch. :) Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 7, 2011 Author Report Share Posted December 7, 2011 Nice work! I should have stayed in my trade after all! Pity I had a bus to catch. :) Trades are like city buses…if you miss one, don’t worry. Another one will be along in a few minutes :) dhinesh89 1 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 7, 2011 Author Report Share Posted December 7, 2011 Took another trade , riding the downward momentum of EU hoping that it would go down some more, but not much, closed the trade as USA open is near anything can happen Profit of Just $ 79 Todays Total Profit is $ 666 :) Check Out: http://img4.imageshack.us/img4/1725/eur55.gif http://img4.imageshack.us/img4/1725/eur55.gif dhinesh89 and jasper2603 2 Quote Link to comment Share on other sites More sharing options...
hermes Posted December 8, 2011 Report Share Posted December 8, 2011 (edited) All profits are good even little. Losing trades no good but have to be accepted as a part of the FX Poker Game. psaini, when I roughly count it you must be a lot ahead? Cheers Hermes Edited December 8, 2011 by hermes Quote Link to comment Share on other sites More sharing options...
FORME Posted December 8, 2011 Report Share Posted December 8, 2011 psaini nice work........... where can i find the templates of yours please......i saw you are with 15m TF..... as i know it is for 1 H or 4 H TF...can you help me.... thanks. Took another trade , riding the downward momentum of EU hoping that it would go down some more, but not much, closed the trade as USA open is near anything can happen Profit of Just $ 79 Todays Total Profit is $ 666 :) Check Out: http://img4.imageshack.us/img4/1725/eur55.gif http://img4.imageshack.us/img4/1725/eur55.gif Quote Link to comment Share on other sites More sharing options...
hermes Posted December 8, 2011 Report Share Posted December 8, 2011 I think that as original suggests it would be better profiting on 1H and 4HTFs because of the noise on 5M/15M charts. It has lot of false signals. How do you recognize those false from right, psaini? The original suggests also that it is most successful on EU and GU pairs. It needs some more indicators for clarification of the false signals (RSX?, MACD?) The green and red zones are not too much of use, only cosmetics. Cheers Hermes Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 8, 2011 Author Report Share Posted December 8, 2011 psaini nice work........... where can i find the templates of yours please......i saw you are with 15m TF..... as i know it is for 1 H or 4 H TF...can you help me.... thanks. http://www.multiupload.com/U50PZHJPMX Trading only 5 n 15 min tf. holyfx and FORME 2 Quote Link to comment Share on other sites More sharing options...
hitescape Posted December 8, 2011 Report Share Posted December 8, 2011 (edited) No shortcuts to success. For those of you that just found this thread I cannot stress how important it is to read the whole thread to see how psaini1973 and many others have been able to make money with the indicator that soundfx created from the original Pip Accumulator indicator. I stumbled upon this thread and the EA thread a short time ago and have read every post at least twice and started live trading this week. Even though the trading hours suck for me (I get up at 2:30 AM to start trading) I can see the potential to make a lot by using these tips and techniques. Some examples of what you will find in the prior posts include: * The rationale behind why and when to use the M5 or the M15 as opposed to the higher TFs is explained clearly several times. * The reason for trading the three specific pairs is explained including how one pair signals the trade entry and exit but a second pair has to confirm the entry. That little tip eliminates a lot of the bad trades and you won't find it without reading. * Others have shown their little tweaks to match their trading personality, entry and exit strategies have been discussed. * There are some posts with most of the work done for you where someone has taken the time and effort to copy the posts along with actual trades on live accounts summarizing this method into a word document. * Other posts include real time tips about the psychology of trading from people dealing with their greed, fear and errors in live trades. This thread has a complete PROFITABLE trading strategy outlined for anyone who wants to put in the time to learn how to use it. If you insist on minimizing the research time just read the posts by soundfx and psaini1973 and you will get 95% of info available here but that other 5% may have something that works for you. Trading is a business based upon knowledge and skills. You can gain the knowledge by reading but the skills have to come from practice and both take time. You can't shortcut the work that you have to put in to gain the knowledge and polish the skills but if you do expend the effort you will be rewarded. Note: For those of you that may have difficulty with the English language I empathize with you. I suggest using Google translate to start with then post specific questions here if you need additional help. Please be sure to include enough information from the original text so that we can get an idea of what you need help with. Edited December 8, 2011 by hitescape clarity canforex, domonkos, Fxheaven and 4 others 7 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 8, 2011 Author Report Share Posted December 8, 2011 (edited) @ hitescape: Very well written hitescape very well written.. No shortcuts to success. i couldn't have written this much better about my trading and this system, hats off to you, Your this post ans many queries of newbies and some of the traders who are still scratching there head as to how to trade with this system. thanks Edit post: And i may also add that it takes courage, knowledge, skill, patience, discipline and the b@ll$ of $teel to trade 5 n 15 Min Tf "as their is so much of noise". Edited December 8, 2011 by psaini1973 hitescape 1 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 8, 2011 Report Share Posted December 8, 2011 psaini1973. How you manage your emotions ? For example when you open your positions and you have minus. Do you have the b@ll$ of $teel ? Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 8, 2011 Author Report Share Posted December 8, 2011 Took a trade in anticipation that EU would go down, not feeling comfortable so closed it early, many big news also lined up in just 30 min from now. Loss of $ 77 Check Out: http://img214.imageshack.us/img214/1725/eur55.gif http://img214.imageshack.us/img214/1725/eur55.gif dhinesh89 and canforex 2 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 8, 2011 Author Report Share Posted December 8, 2011 psaini1973. How you manage your emotions ? For example when you open your positions and you have minus. Do you have the b@ll$ of $teel ? You only read b@ll$ of $teel and not any other good qualities written b4 that? :)) Try to attain all those qualities that i have written and u will be a very good trader my dear frnd, Best of Luck with ur leg pulling... canforex and dhinesh89 2 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 8, 2011 Report Share Posted December 8, 2011 (edited) I took a trade at the same place a bit earlier but run out quickly with small profit. I had the same sense to get out of the trade before News. There was a fight between bulls and bears. Look at the high (long) wick of candle at that time on 5 M TF. Edited December 8, 2011 by Fortuna canforex 1 Quote Link to comment Share on other sites More sharing options...
canforex Posted December 8, 2011 Report Share Posted December 8, 2011 I also took a similar trade, closed before news for -5 pips. Fortuna could you also post your trade in image. http://img220.imageshack.us/img220/594/dec08.gif psaini1973 1 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 8, 2011 Report Share Posted December 8, 2011 (edited) http://imageshack.us/photo/my-images/714/snap1i.gif/ The long wick would hit my SL. One pip profit only. I just started to trade this strategy. Edited December 8, 2011 by Fortuna canforex 1 Quote Link to comment Share on other sites More sharing options...
hermes Posted December 8, 2011 Report Share Posted December 8, 2011 (edited) "Took a trade in anticipation that EU would go down" if you would stay in trade you would make a bucks. Most of the time it turns against us to test our nerves and who has a metal nerves he reaches often happy end. We have to trust the indicators we know. It is like flying plane on instruments. You have to trust the reading of the instruments (indicators) where there is nothing else than bad visibility in front of you. Checking the News is like checking the weather before take off. Lot of similarities. Hermes Edited December 8, 2011 by hermes Fortuna1713006009 1 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 9, 2011 Author Report Share Posted December 9, 2011 When i was in school i used to like Madonnas song "Papa Dont preach" and i still like it. Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 9, 2011 Report Share Posted December 9, 2011 It is like flying plane on instruments. I like the song : " I belive I can fly" Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted December 9, 2011 Author Report Share Posted December 9, 2011 Action Speaks Louder than words, i don't like preaching people unless called for. Profit of $ 591 8-) Check Out my trades, you wont find any other trader like me whos sharing each n every thing of his trading style. "No Veteran Trader could Ever do it nor will do it in Future" http://img26.imageshack.us/img26/1725/eur55.gif http://img26.imageshack.us/img26/1725/eur55.gif canforex and jasper2603 2 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 9, 2011 Report Share Posted December 9, 2011 (edited) Congratulations psaini1973. You got profits even wihout confirmation from 15 M TF. But confirmation was close. Hmmm b@ll$ of $teel ? I entered at the 15 M TF confirmation and got a big move. :):):) Action Speaks Louder than words, i don't like preaching people unless called for. Edited December 9, 2011 by Fortuna Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 9, 2011 Report Share Posted December 9, 2011 psaiini1973. Do you analize only EURUSD as a main signal and enter plus USDCHF and EURJPY? Quote Link to comment Share on other sites More sharing options...
greentrader Posted December 9, 2011 Report Share Posted December 9, 2011 Action Speaks Louder than words, i don't like preaching people unless called for. Profit of $ 591 8-) Check Out my trades, you wont find any other trader like me whos sharing each n every thing of his trading style. "No Veteran Trader could Ever do it nor will do it in Future" http://img26.imageshack.us/img26/1725/eur55.gif http://img26.imageshack.us/img26/1725/eur55.gif Hi, First I just want to say thanks for your help and showing your trades. I have read through the thread and I only have a few question. My first is are you using the indi from page 77? If so which one. I see that there are two in the file. My 2nd question is when do you exit the trade. Thanks!! alansim 1 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted December 9, 2011 Report Share Posted December 9, 2011 Green trader, read manual of Pip Accumulator you will get from it more info that you ask now for. Quote Link to comment Share on other sites More sharing options...
hitescape Posted December 9, 2011 Report Share Posted December 9, 2011 (edited) @ greentrader The indicator to use is the one named II_PipAccumulator2. Exits - well that could/should be a thread of its own as there are as many options as traders. Personally, I watch the ADR and set targets so that my exit coincides with somewhere near the 70% - 80% level. This has to take into account the day's range (High - Low) at the time of the entry. If the current range is more than 80% of the ADR then I set a dollar profit target for the basket or I may set individual TP in pips. No matter what I set as an initial target, I always watch price action to see if I need to exit earlier. When I do decide that I know better I usually regret it as I would have done better by not interfering! I always exit before medium or big news unless I have a large profit and have protected by moving my SLs. Lastly I never hold a trade past the NY close. Other popular options include: Multiples of the ATR, Big Round Numbers (BRN), Fibos and fib extensions, Pivot points, trailing SL, high or low of the previous candles, support and resistance, trend line breaks, candlestick formations, chart patterns and many more. Ultimately, you need to figure out what you are comfortable with and what works best for your trading style. Edited December 9, 2011 by hitescape Fortuna1713006009 1 Quote Link to comment Share on other sites More sharing options...
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