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Re: Learn Forex Trading (absolutely Free) by redsox11: 1:43pm On May 31, 2019
redsox11:
Australia-Canada (AudCad) on my radar. Going to find short scalp. Doesn't look quite right though.

redsox11:
UsdCad thrown into the mix

What else can I say. Trading could be this easy grin cool and that's because I've paid my dues. Scratch that, I'm sounding like some crack head professional. Let say I just got lucky LOL.

DONE. 3 days of trading. Definitely not for new traders.
Going to put in for withdrawal right away... Something for boys for the weekend.

Re: Learn Forex Trading (absolutely Free) by redsox11: 3:03pm On May 31, 2019
redsox11:
Going to put in for withdrawal right away...
Withdrawal initiated ($340). Have a great weekend guys.

Re: Learn Forex Trading (absolutely Free) by redsox11: 7:10pm On May 31, 2019
Some wins & angry.

Re: Learn Forex Trading (absolutely Free) by meshpips(m): 12:57pm On Jun 01, 2019
Let's play chess buddy.

(mishael is my moniker on chess.com)
Re: Learn Forex Trading (absolutely Free) by redsox11: 9:12pm On Jun 02, 2019
I couldn’t get any sleep. Totally devastated by Anthony Joshua defeat.
Maybe the fact that the beatings was too much. I’m going on and on… In my head trying to analyse what just happened.
I can’t seem to come to terms with it. My head is just spinning like I was the one getting whooped.
I took it personal. Totally heart broken.

Hopefully I’ll make some coins $$$ tomorrow to get my mind off it.

3 Likes 1 Share

Re: Learn Forex Trading (absolutely Free) by redsox11: 10:58am On Jun 03, 2019
Just got on my trade-station , let see what is cooking today. I'm late to the party.
I've got only fews hours to monitor and execute trade today as I've got other things to attend to.

Would have been day off if I caught;;;; see below

Re: Learn Forex Trading (absolutely Free) by redsox11: 11:00am On Jun 03, 2019
On my radar today for short scalp (no entry yet embarassed , just on my radar ).

AU , AC and NU. It's Monday, price kinda lethargic, hope they will spring to life soon before I leave the t-station.
Re: Learn Forex Trading (absolutely Free) by redsox11: 8:16pm On Jun 03, 2019
Sloppy day , no time to trade or manage trade. Until tomorrow.

Re: Learn Forex Trading (absolutely Free) by All4real2: 8:33pm On Jun 03, 2019
redsox11:
Sloppy day , no time to trade or manage trade. Until tomorrow.
Re: Learn Forex Trading (absolutely Free) by redsox11: 10:45am On Jun 04, 2019
Signals came earlier than I thought and wasn't watching it. No short scalp today.

Re: Learn Forex Trading (absolutely Free) by redsox11: 9:36am On Jun 05, 2019
================================DOCUMENTARY 2 ============================================


Good read from Mamood.

On the first glance it may not look like a fear related problem, but what else could be the reason not to throw in some troops, when price is moving in a strong trend? Even if you have a very bad timing, as long as you are attacking in the direction of the trend it will bail you out without any further action of you.

Well - assuming we are talking about fear or about a lack of self-confidence now, we should try to gather some confidence. So we are not talking about maximizing your profits at this stage of training, but only about getting a feel for the market while gathering some experiences with throwing in some more troops. Based on that, I would recommend a very defensive skew, like
L1 (scout),
L2:1,
L3:1.

So you have already 2 attack levels to deal with.
Now let us draw a worst case scenario at first:
When you face the very unlikely scenario, that immediately after you have deployed L3 troops PA will reverse with a 30 pip move in just a second, it will cost you "only" 0.3lots * $10 * 30pips = $90 (based on 0.1lot minimum position size).
So you should assign this ~$100 as fee for your attack training sessions
and forget about it ;-)

Yeah - hardest work in trading is to get your subconscious on track (all the scorpions). So it is very helpful to use such primitive crutches, to make it feel ok for our brains ...

Ok next step now: When to enter your attack troops?
There are several indications for possibilities to add to your troops:

1. Momentum is increasing
2. after a short term retracement of the last impulse move, when PA starts moving in trend direction again
3. A resistance or support area has been broken in trend direction.
4. A resistance or support was tested but not broken, when you see a pullback or small retracement against impulse move.

I would recommend to add L2 troops, when you feel one of the above is going to happen/has happened.

2 Likes

Re: Learn Forex Trading (absolutely Free) by redsox11: 9:46am On Jun 05, 2019
When to take the attackers out again?

Please draw a 60 minute SMA on your chart (on M5 it is a SMA(12)). As long as PA does not break that line, let them in. (well - I know that is very rigid, but that are the training wheels for now)

Of course you can take them out, whenever you feel that the momentum is decreasing significantly or PA is facing any resistance or support area. But the goal of this exercise is to let your troops ride along the trend. You should try to memorize the feeling of letting your troops ride, so that you can recall it, whenever you attack again. As long as you don't see any reversal pattern on M15 chart, let them run.

Any successful attack will be stored into your memory/subconscious. You are gathering confidence this way.

After you have done so for some weeks with good success, expand your attack scenarios to 5 levels (still 1(scout),1,1,1,1). Now add L2 and L3 very fast when PA shows increasing momentum. Take only L3 out, when M5 move is fading out. When move is going to continue add L3 and L4 very fast. Take L4 out, when signs of M5 weakness are showing up. And so on ...
... till you see any hint for a reversal on M15. If so reduce your exposure immediately. Means you can vary between taking all troops out or only last attack level depending on the strength of the reversal pattern you have spotted ...

Hmm - lot of text. Hope I could make the basic idea clear to you.
I can not believe that you don't see/feel, when there is an opportunity to add troops. From my experience most often we are hesitating to add, because of fear to increase our exposure ...

Niels.
Blue SMA is 4 hour trend
Orange SMA is hourly trend

2 Likes

Re: Learn Forex Trading (absolutely Free) by redsox11: 9:53am On Jun 05, 2019
Looking at AU and NU for short scalp. I've got only 1hour to babysit any possible entry.

Re: Learn Forex Trading (absolutely Free) by redsox11: 9:58am On Jun 05, 2019
===================================DOCUMENTARY 1 ========================================

Good read from Dongsky ;

I started trading and i didn't have any clue at all of what i was into. I signed up for a live account (5k regular acct at fxcm) after a sales person from fxcm made a lot of very promising sales pitch about forex. I remember him saying " having an investment of $3,500 (regular account) you can double your equity in no time" until now i don't have a clue what he meant by that. I opened an account thinking i will become rich in a quicker manner but to my dismay several days later, the market had skinned me alive.

I funded my account several times and until i realized my lifetime saving was now bleeding and said to myself something must have to be done, and as soon as possible. I was sitting infront of my screen after a long afternoon of business accounts consolidations (my own business - small cafe) i was reading few threads from FF and stumbled to fti's thread, TFA and i was really stuck to his thread. I was so interested and read the thread through (4 full days) and re-read again.

I've learned from him how to follow and read the market, feel the pulse and react quickly to whatever she (the market) gives. I really enjoyed experimenting fti's rescue tactics but i preffered cutting losses and running profits than rescuing my troops for i never really had a high success rate by doing so. until now i'm still doing 112 & 113 attack sequence as fti's teaching, I preffer to stick on attacks than rescuing.


And then i came accross the thread of feb's trading with irony and again captures my interest. as i was reading his thread, again there's something in me that boiling deep inside trying to blow my brains off. just like fti he too trade basically using pure price actions, but he's got some methodology and clear cut rules.

Now i have their methodology combined fti's art of war and feb's V's formation, AWESOME!

November last year, was the month i say the golden month and the turning or say reversal moment of my trading career heheheeh. since then, i managed to recover all my losses from day one and managed to secure some pips profit

3 Likes

Re: Learn Forex Trading (absolutely Free) by enolife2(m): 2:18pm On Jun 05, 2019
redsox11:
===================================DOCUMENTARY 1 ========================================

Good read from Dongsky ;

I started trading and i didn't have any clue at all of what i was into. I signed up for a live account (5k regular acct at fxcm) after a sales person from fxcm made a lot of very promising sales pitch about forex. I remember him saying " having an investment of $3,500 (regular account) you can double your equity in no time" until now i don't have a clue what he meant by that. I opened an account thinking i will become rich in a quicker manner but to my dismay several days later, the market had skinned me alive.

I funded my account several times and until i realized my lifetime saving was now bleeding and said to myself something must have to be done, and as soon as possible. I was sitting infront of my screen after a long afternoon of business accounts consolidations (my own business - small cafe) i was reading few threads from FF and stumbled to fti's thread, TFA and i was really stuck to his thread. I was so interested and read the thread through (4 full days) and re-read again.

I've learned from him how to follow and read the market, feel the pulse and react quickly to whatever she (the market) gives. I really enjoyed experimenting fti's rescue tactics but i preffered cutting losses and running profits than rescuing my troops for i never really had a high success rate by doing so. until now i'm still doing 112 & 113 attack sequence as fti's teaching, I preffer to stick on attacks than rescuing.


And then i came accross the thread of feb's trading with irony and again captures my interest. as i was reading his thread, again there's something in me that boiling deep inside trying to blow my brains off. just like fti he too trade basically using pure price actions, but he's got some methodology and clear cut rules.

Now i have their methodology combined fti's art of war and feb's V's formation, AWESOME!

November last year, was the month i say the golden month and the turning or say reversal moment of my trading career heheheeh. since then, i managed to recover all my losses from day one and managed to secure some pips profit
please which Analysis tool are you using to draw those lines and big arrows
Re: Learn Forex Trading (absolutely Free) by redsox11: 3:50pm On Jun 05, 2019
enolife2:

please which Analysis tool are you using to draw those lines and big arrows
Try JING

Re: Learn Forex Trading (absolutely Free) by redsox11: 3:56pm On Jun 05, 2019
redsox11:
Looking at AU and NU for short scalp. I've got only 1hour to babysit any possible entry.

Very busy week, little to no time to trade. Need to get some Immigration Paperwork sorted out.
Hopefully have little more time on Friday to make some coins.

Just opened trade-station. Some missed opportunities.
NU trade was no brainer, woulda been solid and easy money.

2 Likes

Re: Learn Forex Trading (absolutely Free) by enolife2(m): 4:20pm On Jun 05, 2019
redsox11:
Try JING
Thank you
Re: Learn Forex Trading (absolutely Free) by SayDeeJay: 9:27am On Jun 06, 2019
@redsox11, what are these bands and settings?

2 Likes

Re: Learn Forex Trading (absolutely Free) by redsox11: 9:33am On Jun 07, 2019
Was hot before , some good winning streak.


Ps: Band is not important. I look at price (Before Anything), it's when I see something interesting and where price at before I even look at the band. No trading band blindly.

Re: Learn Forex Trading (absolutely Free) by redsox11: 9:46am On Jun 07, 2019
I've got some 4hours to trade today, not bad compare to 1-2 hours all week.
On my radar today. Looking to long UsdCad (with little risk involve) and AudCad (with little less risk). Short CadChf with almost no risk and AudJpy.
Re: Learn Forex Trading (absolutely Free) by redsox11: 10:00am On Jun 07, 2019
This week scalp trades. Waiting for earlier mentioned pairs to give me entry set up.

Re: Learn Forex Trading (absolutely Free) by femora007(m): 7:25pm On Jun 07, 2019
redsox11:
This week scalp trades. Waiting for earlier mentioned pairs to give me entry set up.
if i may ask, how how many pips is the stop loss use on the average
Re: Learn Forex Trading (absolutely Free) by redsox11: 7:09pm On Jun 08, 2019
femora007:
if i may ask, how how many pips is the stop loss use on the average
20pips hard / emergency stop loss. I would rather just cut the trade if and when i notice its not going to work out instead of letting it go all the way to -20pips. That is, talking about my scalping trades.
Re: Learn Forex Trading (absolutely Free) by redsox11: 3:46pm On Jun 10, 2019
Scalp on my radar right now. Long Australia-Canadian Dollar (AudCad) and short Canadian-SwissFranc (CadChf)
Most of the pairs I saw on Friday that I thought I would make a killing on today move right away without entry signal.

Hoping for a re-entry on EurGbp.

2 Likes

Re: Learn Forex Trading (absolutely Free) by redsox11: 3:53pm On Jun 10, 2019
Took some $53 on the EG already, waiting for it to set up another entry.

Re: Learn Forex Trading (absolutely Free) by redsox11: 7:53pm On Jun 10, 2019
redsox11:
Scalp on my radar right now. Long Australia-Canadian Dollar (AudCad) and short Canadian-SwissFranc (CadChf)

No other trade, sluggish Monday.

Re: Learn Forex Trading (absolutely Free) by redsox11: 11:44pm On Jun 10, 2019
Took out the queen.

Re: Learn Forex Trading (absolutely Free) by redsox11: 10:25am On Jun 11, 2019
EurGbp just ran away without giving me re-entry. EurGbp so easy to trade with repetitive pattern (up, up , down, range... up , up down range ). AudNzd looks interesting BUT not ready until tomorrow.

On my radar for scalp, long UsdCad and AudCad, short CadChf.

Re: Learn Forex Trading (absolutely Free) by redsox11: 3:47pm On Jun 11, 2019
Took some coins off this.

Re: Learn Forex Trading (absolutely Free) by redsox11: 5:09pm On Jun 11, 2019
redsox11:
On my radar for scalp, long UsdCad and AudCad, short CadChf.

Some more fall on Cadchf, no entry signal on UC and AC woulda make something nice on that.
I'm going to do some withdrawal now.

Re: Learn Forex Trading (absolutely Free) by redsox11: 5:12pm On Jun 11, 2019
Withdrawal initiated $300 . As I didn't take anything out last week, it's only proper to take something this week.

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