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Some good comments and suggestions, evening updates would be great as there does seem to be opportunities to place overnight orders, even if it with a a small limit - stress free trading !
With regard to my success with the system, I find that my success rate is only 50/60%, but this still gives me about 150 pips a week. I understand the system, but my biggest problem is the discipline, too many times i take a trade with too much hope value in it and disregarding some of the rules. I must confess that when the original live room was open I was making nearer 250 pips a week on a regular basis.
My other problem is looking at too many charts trying to grab those extra pips, it is just not possible to plan a trade correctly and execute with continuing flicking around.
So I am looking too improve my discipline, a quicker understanding of the charts and have my confidence to grow so that I am comfortable using larger stakes on my pips.
Enough from me - looking forward to next week and some decent trends up to Christmas.
Sorry Pimp, the missus does the cooking. I do love a curry tho so I'll pass on the recipe to her.
Personally I've been keeping a spreadsheet diary for the past couple months. A sheet per week and noting down the news first then the trades taken with my thoughts about what I did. Really helps to focus the mind I find. Forgive the accuracy
Weekly results are: +54 +20 +25 +56 +46 +86 +28 and this week -60. aaarrrrgggghhhh, well I suppose I was due a loss. Have been working mainly on consistency.
Small numbers I know but still a 9 til 5 er so miss quite a few. My first target, and business plan, is 100 a week.
My project and task for the next few weeks is to increase the numbers. Like Pardy I'm too quick to take a profit, and sadly let the losses run.
Need some profit taking lessons please, and some help to achieve my targets.
Hi all,
My pseudo is Gringoh, my name Greg, I’m 30 years old, and I’m from Paris (France) ;-)
I joined Pimpology world two weeks ago, and passed a lot of time reading and reading again the thread.
First, I’d like to say all of you a big Thanks for the work done here… This is such an amazing contribution.
Currently I’m trading in a demo account and I’ll stay in demo for about a month before to go live with a small account, very small account. Till I’m not confident with the strategy, I will continue in this way. I know the psychology aspect will be completely different in live.
My first target, is 125 a week. (Remember, you only need 25 pips a day from this simple strategy to make a serious income). For my second week with Pimpology I’ve done 312 pips and I still have an order running. My aim for the next weeks is to increase my win ratio and so my profits. Some of you are making much more pips, and I’m sure with a lot of work and help I will be able to do it also.
My small experienced in the forex world learned how difficult it is to make regular profit. The psychology is very important. A few months ago I’ve read a book from Mark Douglas (Trader entrez dans la zone - Developing Winning Attitudes) which help me with this.
Le Pimp, I think 3 posts a day would be wonderful. Some of us still have a job, and this would be Nice to have a reference point in the morning at lunch and the evening. What’s more, what about to create a Pimpology forum dedicated to the strategy?
What I can say now is that sometimes I’m a little bit confused with the MA’s configuration… I don’t want to disturb you with this at the moment, I’m sure a lot of my question will find answers in the new room, next week.
(Excuse me for my english, I'll do my best to improve it...).
Have a great day, and a great week-end.
Gringoh
I'm by no means an expert, but my plan is to lock away a certain number of pips across all open positions each day - say 30 - as soon as the open positions reach that. then switch to another account playing a much smaller stake by the same rules, but more lenient tp and sl. as the secondary account consistently proves that more pips is around, gradually increase target for the primary account.
I too work 9-5 (US) been trying to manage my time, it’s been frustrating missing opportunities but what can I do. I am still a rookie to the technique but have been picking up bits and pieces after constantly studying the thread over and over...Is the Chat room still operating? I would like to get involved with that...I’m sure there is a wealth of knowledge available there...
Hey Pimp,
You mentioned you were posting videos...where will we be able to find them?
Still being a novice I seem to bank about 25 pips this morning when I saw Crude (Break the 50 Fib) and Gold follow and (Break the 38.2 Fib), MA's lined up right, and CCI's 63 & 252 were screaming short. I broke a rule and didn’t wait for the CCI 4 to retrace...I guess I got an itch trigger finger...
Upper red line was the entry...lower red line was the target (See Photos Below)
I do beleive el capitan del banco is filling his boots as we speak !!
__________________ 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
I am not quite sure what to make of the 'shag pile' carpet comment Bloom! I seriously doubt that a man of Pimps taste would lower himself to such unbecoming furnishings. Pimp is more an axminster floral man I suspect; something to clash with his elegant sartorial self. I mean, can you see the Pimp bear foot. No way, he has turned up house shoes, in suede. Hardly appropraite footwear for a mear 'shag pile'.
I do however reserve judgement on your good self Bloom. You really do need to change the carpet quickly if you are going to fit in with the great man. Silk pyjamas will be a good start and proper house shoes......come on - get with the programme; did you not receive the membership notes on dress code and office standards.
House Coat Rockie
Hi Rockie
A little reminiscence here. Do you remember the olden days, in less illustrious surroundings, when Le Pimp was still in his Portuguese lycra, purple spandex and leopard skin speedoes? How times have changed, do you think he has been "Gok'd"? Nevertheless, still dashingly handsome I'd say.
Ola everyone, thought I'd pop by and say hello. It's very nice to see so many of you doing very well, pinging left right and centre. We've been slightly busy setting up things over here, which you all know about. We hope that it will be ready very soon. I would say that the weather is great over here, but before we know it we're going to have a pool outside out front door and in the living room. I guess the weather is better back in the UK. Well, I look forward to working with you all over the coming weeks and months. Keep up the great work. Hope to speak to you all soon. Happytrading!!
Hola Hemal, like everyone I look forward to all the new stuff you're setting up.
I just finished reading the thread for the first time and saving a bunch of posts but wanted to say I look forward to learning and sharing with everyone.
I'd be grateful Fx Pimp for three a day updates cuz I work different shifts in western U.S. and would have a better chance of getting one update if you were so generous to supply three a day!!!
Style Guru
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