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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 15, 2015 - 11:55
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Way to go.  I took two straight losses today EU and got a big hit on NAS trade.  Made the EU account money back on 2 CT EU trades.  But my small amount SP / NAS account needs some rebuilding after today.  Got in a hurry and forgot that nas entries are much bigger than SP.

Stupid

koeart said
it just played out the way i thought it would be! accept for the BE part of course 😉

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koeart
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September 16, 2015 - 01:17
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and the EJ on fire again! this pair is giving triggers alomost every morning!

 

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WeeMee
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September 16, 2015 - 06:31
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Rob S said
Way to go.  I took two straight losses today EU and got a big hit on NAS trade.  Made the EU account money back on 2 CT EU trades.  But my small amount SP / NAS account needs some rebuilding after today.  Got in a hurry and forgot that nas entries are much bigger than SP.

Stupid

koeart said
it just played out the way i thought it would be! accept for the BE part of course 😉

yeah those nas trades can kick you where it hurts if you forget that they are 5 times as large as the spx500 contracts. i must have blown half my demo account on mistakes like that and similar.

it's quite amazing how often i do exactly the wrong thing when managing a trade. close the winner and stick with the loser.

anyway i took a EU buy at US open today which went well, it got knocked to tp by the news though, so a bit of luck involved there. then i took the continuation for another 1 to 1, but panicked and closed it at BE.

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it's counter trend, but at the exact right time for a counter trend trigger

koeart said
and the EJ on fire again! this pair is giving triggers alomost every morning!

 

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wow another awesome Risk to reward trade, awesome work, you really seem to have a good grip on this business of trading profitably.

hey you! remember to follow your bloody rules!

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koeart
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September 16, 2015 - 07:52
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Yeah this is almost a 1:3 trade omar!

But I get a view more losses then you think. And I don't post al the trades I make 😉

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koeart
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September 16, 2015 - 13:22
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wasn't around but the EJ gave a nice trigger around us open.

 

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WeeMee
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September 16, 2015 - 15:56
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funny how the ej is moving more then the eu, will have to check that one out too at the key trading times i can catch.

 

l didnt do great today, lost 2x on the SP trying to trade the turn. seems i will never learn to stick to continuations on the sp500, if not for the nice eu buy at us open and this gold buy it be a losing day instead of BE. just a shame i didnt size up the gold position a bit 🙂

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hey you! remember to follow your bloody rules!

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koeart
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September 17, 2015 - 00:01
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yes and volumes on the EJ are higher most of the time than the EU.

 

took this EJ at frankfurt open.

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Rob S
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September 17, 2015 - 02:43
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Man, you are loving the EJ.  Took  short on gold just punched out for a small gain.

Not trading FX until tomorrow after the FED BS is out.  

Currently holding a small short position on the SP.  Entered yesterday before US market close. Basically putting some of my profits on the line hoping for a big move down in the next week.  Everyone is promoting a big rally to new highs after news released this afternoon.  So I am going opposite.

If it gets wiped out no big deal.  

Just a little gambling fun!

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koeart
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September 18, 2015 - 00:00
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and she loves me back rob 🙂

lined up pretty good this morning 🙂 still took a very safe TP!

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Rob S
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September 18, 2015 - 01:15
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Nice Trading. I had two wins long EU and GU.  Got a nice pop on the GU yellow EU news event.  Wasn't expecting that but will take it.

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koeart
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September 18, 2015 - 05:04
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yeah i skipped the EU but it was a nice setup :) took the third wave on the brown EJ as well

have a good weekend guys!

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WeeMee
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September 18, 2015 - 10:05
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i had to head to work at US open so i placed my trade and left, the sp trend continuation worked out

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but this eu buy was the wrong trade

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hey you! remember to follow your bloody rules!

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September 18, 2015 - 14:50
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Rob S said
Man, you are loving the EJ.  Took  short on gold just punched out for a small gain.

Not trading FX until tomorrow after the FED BS is out.  

Currently holding a small short position on the SP.  Entered yesterday before US market close. Basically putting some of my profits on the line hoping for a big move down in the next week.  Everyone is promoting a big rally to new highs after news released this afternoon.  So I am going opposite.

If it gets wiped out no big deal.  

Just a little gambling fun!

Sold all of my options contracts today for a nice gain.  Today's 300 point drop in the Dow was counter intuitive but went as I expected.  A knee jerk rally when the Fed decision was announced followed by a 2 day 600 point drop.  Traders are fed up with this central bank bullshit.  Everything is so rosy that they can't even raise interest rates by a quarter of a point?  That says much.

I view today 's selling as an investor vote of no confidence.

Central banks have backed themselves into a corner. There is no answer long term other than lower asset prices or massive inflation.  There is no precedent for this situation so all the speculation by the TV experts and economists is a waste of time.  Bottom line: there is too much debt and even a moderate lifting of rates will result in deleveraging.   

Wanted to hold my positions into Monday, but many of the contracts were out of the money and the decay is starting to devalue them too much.

There is a good chance Asia will tank big led by China and could spiral things early next week.  However, if markets stabilize, I could see them moving to a lower high.  Then I will look to get in at resistance for a big PUT to ride the wave of selling that should occur.  

Stay tuned

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September 19, 2015 - 05:45
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you know i was thinking about your gambeling sell trade on the sp500, at first it looked like it was gonna challenge the old highs, but then the pattern confirmed it's self on the map and we had a very nice drop. i did manage a quick continuation on the way down.

hey you! remember to follow your bloody rules!

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September 21, 2015 - 04:42
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Missed this beautiful gold short.  But took the SP long and two scalps on the EU.** Register Here for Free Membership to see this image/link **

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September 21, 2015 - 05:58
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Took 16 pip hit on this one.  ** Register Here for Free Membership to see this image/link **

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koeart
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September 21, 2015 - 07:20
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hi guys.

just came back from work and this nice slow black line trend continuation trade lined up. with normal M3 SL and i dragged my Psell into price when i saw a trigger on the M33.

EJ trade just under 1:2 RR

 

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September 21, 2015 - 07:44
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Made up for my GU misstep with a nice gold short.  And one more SP long.  Waiting for SP price to return to resistance.  Then will take the next entry pattern south.

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koeart
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September 21, 2015 - 10:27
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just a question rob.

is the SP500 the same as US500?

because i only see US500....

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Rob S
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September 21, 2015 - 12:52
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Yes, listed the majors below.  But be aware that a 1.0 lot trade value varies and is the smallest contract size you can trade.  Learned this the hard way!

A 1.0 lot on the SP 500 is about the same as a 0.1 lot on the EU.

US500 = SP 500

US30 = Dow 30

US tech = Nasdaq

US2000 = Russel 2000

UK100 = FTSE

JP225 = Nikkei

DE30 = DAX

F40 = CAC40

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