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Thanks for your open and frank posts - it gives hope to the rest of us newbies that even our more experienced trading friends get it wrong sometimes, and exactly the same way I do! From this week on, any 'naughty' trades such as jumping in, or countertrend , or not waiting for a proper trigger, and I'll be red-carding myself for the rest of the session. Likewise once I've made the target. Once again I managed to nearly double a small practice (not demo) account within 3 days taking proper pukka trades - triggers, partial profit taking, the works - only to chuck it all back and a little more with some naughty trades. No more!
Looking forward to a good week, keep up the good work!
Thanks for your open and frank posts - it gives hope to the rest of us newbies that even our more experienced trading friends get it wrong sometimes, and exactly the same way I do! From this week on, any 'naughty' trades such as jumping in, or countertrend , or not waiting for a proper trigger, and I'll be red-carding myself for the rest of the session. Likewise once I've made the target. Once again I managed to nearly double a small practice (not demo) account within 3 days taking proper pukka trades - triggers, partial profit taking, the works - only to chuck it all back and a little more with some naughty trades. No more!
Looking forward to a good week, keep up the good work!
SF412
Hey, Spitfire,
Good to see that post of mine may be of benefit. I've made a few simple little rules:
TRADING RULES
6:30am-11am London Time
Max. 5 trades.
Stop if 3 losers in a row.
PATIENCE - No jumping in
__________________ Honest Bill
Last edited by Honest Bill; 11-18-2008 at 06:51 AM.
With Dan the man back in the UK I have been at the helm with the others.
Both Monkey and myself are really ill too which hasn't helped.
I'm sure he poisoned me with his cooking but I'll be back in the swing of things tomorrow.
Keep up the good work.
__________________ 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
Get well soon my friend. It may not be food poisoning......so boiled water only for 24 hours; flat Coke will suffice. No food and no trading!
GFT fell over this afternoon - lucky I was not in any trades but seems to me lots of the service providers are having some technical challenges recently.
Was looking forward to a spot of Dow trading but I have given up for the moment. Grabbed pips taking Gold lower from 735 to 731 +38 and 2 trades with Brent Crude lower at 5400 +14 and then went in again at 5387 +16, only to see it run in to major support at about the 5365 level......Got myself out of Dodge just in time to see it shoot long at go to 5475......before my system collapsed.
Both Monkey and myself are really ill too which hasn't helped.
I'm sure he poisoned me with his cooking but I'll be back in the swing of things tomorrow.
Keep up the good work.
Hi FXP
Hope you get well soon, I hope you guys aren't sharing the mic in the live room?
Keep wrapped up (get some heating in that office), make a hot water bottle & curl up with it infront of the tv for the rest of the night
Hope to hear you (& the monkey boy) in the morning
Paul
As a trader of 11 years, I think this is the best manually traded forex system I have ever came across. I have sent several people this system and they also like it very much.
Pimp, I appreciate the time and effort that you and everyone else that has contributed to this system and wish everyone many pips.
Fortunately I was in the office with no Dan yesterday so he's caught nothing from me.
He's back in the hotseat today and has quarantined me at home with hot honey, lemon and ginger, and some nice peppermint tea.
It's obsurd to think that I never get sick back home in the UK but since moving here to a warmer climate I've felt myself knocking on heavens door a few times.
Of course back home we have carpets and central heating and insulated walls, but not here so 10 degrees outdoors is also 10 degrees indoors.
Oh, and silly balls here, didn't think to bring any jumpers.
So, with just the laptop, I am not a lot of good to anyone but the chat.
I'll just about manage to keep an eye on Swissie and Miss Yen, the latter looking likely to go not very far and the former looking quite interesting IF she can hold above the 1.2000.
Funnily enough I just heard a guy on Bloomberg talking about USDJPY and saying that we could be headed back to the summer's highs very very soon.
Probably the same guy who saw Crude at $200 and Gold at $1800 !!
Will have a little snooze and try my best to get something up for the U.S session.
Welcome to the thread George. So glad you like the strategy. Please feel free to ask questions. Myself or one of the old school followers will be glad to help you.
Have a good morning, and thanks once again for your support.
Poorly-Pimp
__________________ 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