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Typo: sorry guys i meant 1.1352 on Swiss, not 1.1252. Took 40 on that ans 100 on Crude. lost a few on cable but that's show business !
__________________ I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session
Here's what we were looking at this morning and what I posted on here just before the chat began.
Over 250 pips for those staying with the trades to the s/r levels.
Sadly, as mentioned, the Cable break out we spoke about in the room went a bit sour costing us 40 pips BUT it did eventually go 50 in the right direction.
I will post again at 12 ish and highlight any opportunity for U.S session.
__________________ I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session
Glad for everyone making good pips this morning, I'm down enough to call it a day - just not finding a rhythm. Friday was my best day ever ... until I let my guard down in the evening during the US vote and wiped out a practice (live, small stakes) account which I had trippled during the week.
I took the opportunity of trading this afternoon as well as this morning due to the rather unusual circumstances which have been affecting the markets. What great fun and inspiration it was in the room. Thanks fellow pipsters!
I know I show have had more confidence to stay in a couple of trades. For example I was in early with the swissie and although took pips the smoother ride would have been to trade 15m / 60m charts. I also missed a major trade on crude as I the CLx8 which I have been trading seemed to have stopped at around 6am this morning. I have now switched to CLz8 and took 2 nice trades this afternoon but am looking to swap to Brent as GFT and ODL seem to have same prices. Will look at spread but it may make comparisons easier!
Cable has been my unlucky pair since I took up trading. I seem to loose on this one more than I win. I saw the set up for the short, but with cable it seems more patience than I have is required!! Perhaps this is one to learn from.
Took some nice trades again on FTSE but again I was in short at 4719 but cut the trade for +16 pips and then watched it go 100. Nevermind thats the way it goes.
The 4/10cci strategy on crude is my favourite tool. Works pretty much everytime and provided you are focused you can collect pips.
Gonna have a some crispy duck for support tonight. I'm home alone so watch out mice!
is it wise to just go on cci 63 on 5 min as your only cci indicator
Hi Buffer - I use a 10 and 4 cci on my 5 min chart. The 4cci is a bit more sensitive, but I have them on same graph and look for crosses. The 4cci leads the way and if 10cci close to it, then generally a favourable pip fest follows. Of course, I use these CCI's in combination with the longer term charts and the trends.
If you have the latest template for MT4 the relevant cci's should already be in the charts!
Hi Buffer - I use a 10 and 4 cci on my 5 min chart. The 4cci is a bit more sensitive, but I have them on same graph and look for crosses. The 4cci leads the way and if 10cci close to it, then generally a favourable pip fest follows. Of course, I use these CCI's in combination with the longer term charts and the trends.
If you have the latest template for MT4 the relevant cci's should already be in the charts!
4CC's of adrenalin Rockie
Thanks
Can you send a tempalte or picture, i think i have seen them before, you have them overlaid on each other don't you
anyway send pic or whatever with an explanation if possible
Glad for everyone making good pips this morning, I'm down enough to call it a day - just not finding a rhythm. Friday was my best day ever ... until I let my guard down in the evening during the US vote and wiped out a practice (live, small stakes) account which I had trippled during the week.
Not a happy spitfire
Hey Spitfire,
Whilst reading your post I thought 'I don't remember posting this'.....as this is exactly what happened to me last week on Thursday. Was more than half way doubling the demo and lost it all last Thursday. Only because a couple of trades didn't go my way and lost quite a few pips so went out for vengence trades then vengence on vengence trades and then 'can't be bothered anymore' trades. That day was the worst day, embarrassed to say how many pips I lost. Traded for the whole day (which I don't usually do) but that day was emotional day.
So, just to encourage you fellow trader that you are DEFINITELY not alone!!! Like Dan says, the key is consistency which is what I need working on.