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Learning Forex the Electrofx Way
results of strategies applied in practice, sharing some trades, thanking the founder of the site. discussing the methods described here as they relate to trades
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Rob S
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September 8, 2015 - 15:49
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koeart said
nice rob!

i didn't have time to trade the last 2 days.... but still got a BE on the EU yesterday and now a win on the EJ at frankfurt close 

 

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and the continuation up on the EJ

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and a buy on the GU 🙂

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Nice work!  As usual, the US SP 500 close was a big winner.  And as usual, I wasn~t around to take the trade!

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Rob S
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September 8, 2015 - 15:53
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WeeMee said
had a terrible day today. the one good trigger i took was a nas buy at us open, but like a fool i closed it early when it started looking weak, but it was only taking a break before it pushed on to my tp and beyond. some days its so easy, while days like today seem made to lose money. fresh start tomorrow.

Hey man, just keep your SL tight and shoot for at least 1-1.  Also the Nasdaq seems to be the most volatile of the group. Try walking your SL on the Nas.   If nothing else, just wait for the key market times and look for entries.  stick to your SL.  They will hit.  Working on a probability calculator that may help some people.

Will release it soon.

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Rob S
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September 9, 2015 - 07:47
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Took an absolutely stupid short that cost me 8 pips on a Pre-market open trade.  Everything said don't take it ...but took it anyway.  But smartly punched out -8.  

But after US news cleared took the EU long

Walking the SL up, so far so good.

 

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September 9, 2015 - 07:48
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OUT +25

Rob S said
Took an absolutely stupid short that cost me 8 pips on a Pre-market open trade.  Everything said don't take it ...but took it anyway.  But smartly punched out -8.  

But after US news cleared took the EU long

Walking the SL up, so far so good.

 

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koeart
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September 9, 2015 - 11:50
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nice short rob haha 😉 and a pretty nice comeback!

 

i took a short first and got out at BE and then i swapt postion for a nice long

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WeeMee
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September 9, 2015 - 11:53
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took a buy on the EU this afternoon which was a few pips short of tp, before it went to BE, after which it went on to TP and beyond 🙂

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took this sell on the S&P500 , this one worked as planned, even got a bit extra by ading to the trade.

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hey you! remember to follow your bloody rules!

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koeart
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September 9, 2015 - 12:10
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WeeMee said
took a buy on the EU this afternoon which was a few pips short of tp, before it went to BE

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took this sell on the S&P500 , this one worked as planned, even got a bit extra by ading to the trade.

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nice S&P trade WM 🙂

that EU trades hurts my eyes a bit 😉 to bad you hit BE on that one!

it feels good to get out at BE if it is a loss but when it goos to TP......

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September 9, 2015 - 12:56
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Had a winner on Dow options trading today.  Great market close trade. 2 of those a week and I could retire.

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WeeMee
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September 9, 2015 - 13:04
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koeart said

WeeMee said
took a buy on the EU this afternoon which was a few pips short of tp, before it went to BE

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took this sell on the S&P500 , this one worked as planned, even got a bit extra by ading to the trade.

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nice S&P trade WM 🙂

that EU trades hurts my eyes a bit 😉 to bad you hit BE on that one!

it feels good to get out at BE if it is a loss but when it goos to TP......

i hear you on the eu buy, lpt can be a godsend, but can also cause a winning trade to break even. hard to decide some times.

 

as for the SP500, i entered  it on a purple pattern, so nice RR on that one. gonna try to stick to continuation trades on my indices/CFD's and only go counter trend on eu and gu when the brown has turned the price. no more oil trades for now as the potential losses can be too big for my present trade sizes. pity they don't do half or quorter contracts on oil, still gold, eu, gu and sp500 should be plenty of markets to find 1 or 2 nice trades per day.

 

edited to add:

nice one Rob, what platform do you use for your call and put options? i assume you are talking about real options not the binary kind? can you explain more how they work?

hey you! remember to follow your bloody rules!

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September 9, 2015 - 18:58
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WeeMee said

koeart said

WeeMee said
took a buy on the EU this afternoon which was a few pips short of tp, before it went to BE

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took this sell on the S&P500 , this one worked as planned, even got a bit extra by ading to the trade.

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nice S&P trade WM 🙂

that EU trades hurts my eyes a bit 😉 to bad you hit BE on that one!

it feels good to get out at BE if it is a loss but when it goos to TP......

i hear you on the eu buy, lpt can be a godsend, but can also cause a winning trade to break even. hard to decide some times.

 

as for the SP500, i entered  it on a purple pattern, so nice RR on that one. gonna try to stick to continuation trades on my indices/CFD's and only go counter trend on eu and gu when the brown has turned the price. no more oil trades for now as the potential losses can be too big for my present trade sizes. pity they don't do half or quorter contracts on oil, still gold, eu, gu and sp500 should be plenty of markets to find 1 or 2 nice trades per day.

 

edited to add:

nice one Rob, what platform do you use for your call and put options? i assume you are talking about real options not the binary kind? can you explain more how they work?

I use TDameritrade.  No not binaries.   I trade SPY or DIA options from time to time.  Options allow you to trade large blocks of stock at a fraction of the price.  1 option = 100 shares.  So today i was able to essentially short 1,000 shares of DIA ETF or a value of $16200 worth of stock for a fraction of the price.  There are many factors to consider because these are timed investments and can expire worthless.  Decay, volume, expiry date, and leverage are all factors to consider.  The upside is massive and he downside is limited by the initial value.

There is a  learning curve with options.  CFDs are easier.  

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WeeMee
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September 10, 2015 - 00:34
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looking forward to that probability calculator Rob 🙂

i was just having a quick look at the charts and was wondering about this gold buy setting up, is it too early after that big drop to think of buying? or is it a classic set up if the brown triggers?

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managed to drop in on the charts for this eu sell, almost made the target

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hey you! remember to follow your bloody rules!

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September 10, 2015 - 01:00
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Rob S said

  I will bet you that USA has already spoken to the Eurozone and Japan, telling them to juice things with another round of QE because if the USA does it, the Fed will lose face.

 

 

Well there it is.....

How much more stimulus can these guys generate out of thin air?  Now countries are simply taking turns pumping money into the system. Who's turn is it to launch more QE?  I guess Japan is up.  

No matter what they will not let the "markets" fall.  Not sure how it is actually a market if this is the case?

 

Yamamoto: 30 Oct BOJ Meeting 'Good Opportunity' For More Easing

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Japan Ruling Party’s Yamamoto: 30 Oct BOJ Meeting `Good Opportunity' For More Easing - Imperative Inflation Reaches BoJ Goal Around H1FY16

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koeart
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September 10, 2015 - 02:57
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2 trades on the EJ this morning.

 

first one is at Frankfurt open.

 

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and one more 🙂

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Rob S
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September 10, 2015 - 08:10
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koeart said
2 trades on the EJ this morning.

 

first one is at Frankfurt open.

 

and one more 🙂

Hey Koeart:

Nice trades...Why the EJ?  

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koeart
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September 10, 2015 - 08:36
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because i like the way it moves 😉

no clear reasson for it rob! i just saw the EJ charts and i thought there is some good trading on this pair! now i trade this pair sinds 2 weeks and it's doing pretty good!

took this long on the EU! wasn't around to trail my stop...

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WeeMee
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September 10, 2015 - 10:58
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the ej  has some nice long lasting trends some times, got amazing results back testing it before now.

 

anyway, my eu trade above went to target and then turned around so that was close. glad i didnt go for too much.

 

i also took 3 trades on the sp500 today, all continuation trades and all successful, the first one i opened on the sp500 i forgot to set the tp, so when i saw it had made a decent RR and was looking to pull back i just closed it manually when i got back to the keyboard.

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alas i did take 1 very small loss today, but the day was profitable for sure which is the main thing.

hey you! remember to follow your bloody rules!

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koeart
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September 11, 2015 - 04:44
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nice trading WM 🙂

i took a loss and a 1:2 win on the GU.

 

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have a good weekend guys!

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WeeMee
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September 11, 2015 - 10:04
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nice work koeart, i didnt have much time to spend on the charts today, but i did set the lines for a small 1 to 1 buy on the eu just before US open. as you will see i could have gotten a lot more out of that entry if i had been able to stay at my charts, but yeah a win is a win...

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took this gold sell yesterday and it finally hit the target this pm while i was out at work.

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didnt trade the s&p 500 today as there was no clear trend continuation trade when i was at the charts.

hey you! remember to follow your bloody rules!

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Rob S
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September 15, 2015 - 01:58
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koeart
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September 15, 2015 - 05:28
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it just played out the way i thought it would be! accept for the BE part of course 😉

EU trades.

 

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