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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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October 23, 2015 - 05:34
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Rob S said
Waited until Price moved back to support and news on the EU was done to take this one.  Used the ZTM and a high lot to score a very nice gain to end the week.

Set it and forgot about it.

Nice high prob trade and 2 lot.  Would have let it run and expect a LL here but, no time to watch the trade and the gain was substantial for a Friday.  So I banked it.

Cheers

Did hit a lower low!

Dang it!

Oh well some nice trades this week.  IF I did this well every week...would not require employment!

2015-10-23_1032.png

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WeeMee
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October 23, 2015 - 10:50
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nice work Rob, i had some stuff to do so wasn't able to do any more trading today. i was just thinking about your comment regarding the non trending price action. i basically will change my way of choosing trades when the price is moving sideways. i start looking at trying to buy at the bottom of the range and sell at the top. rather then trying to follow the trend or trade breakout

 

if the market is trending, then i follow the normal rules. look to follow trend and trade break outs. this seems to be working quite well recently and allows me to trade even when the price action is ranging. i still use the triggers of course, it just changes where i^m looking for them.

 

anyway wishing everyone a good weekend.

hey you! remember to follow your bloody rules!

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koeart
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Generaal_Goudvis
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October 26, 2015 - 14:26
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nice trades Sjoerd 🙂

Cheers and keep the pips floating.

 

Generaal Goudvis

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Rob S
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October 27, 2015 - 04:02
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Way to go guys.  I just experienced my absolute worst FX 24 hours of trading in some time.  5 consecutive losses on FX pairs.  High lot also.

Was able to trade the DAX for some small gains this morning.  PA is pretty rangy probably due to Fed meeting this week.

Plus I think FXCM just disabled the use of EAs and scripts  for all accounts under $5000.  You think they would have sent a detailed email informing people.  I will be closing all accounts with those fuckers soon.

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koeart
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October 28, 2015 - 00:33
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5 losses in one day can be hard on your mind.....

i just had a dream start for today.

2 winners in 10 min 🙂

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what a day!

one more EU trade and went for some extra (risk free) pips 🙂

entry:

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result 🙂

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this is insane!

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koeart
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October 28, 2015 - 17:20
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Rob S
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October 29, 2015 - 01:26
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Took another hit

2015-10-29_0622_EU.png

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koeart
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October 29, 2015 - 01:54
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koeart
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October 30, 2015 - 01:07
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morning session.

 

took a nice long on the EU during frankfurt open.

then went for some extra pips but i got out BE. after all these waves up i don't wanna risk any money so i jumped srtraight to BE after it went in profit.

 

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just one more to close down an amazing week :) 

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have a good weekend guys!

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koeart
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November 2, 2015 - 09:27
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koeart
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November 3, 2015 - 05:51
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it just hit my SL on the second trade.

 

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Rob S
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November 3, 2015 - 23:59
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Took two losses yesterday and one this morning on the GU.

The losses have been piling up for me.  After many years, this is becoming very expensive.   I am beginning to question whether long term profitability is realistic for me.  Hope you guys are doing well.

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Theo Patsios
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November 4, 2015 - 00:18
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Rob S said
Took two losses yesterday and one this morning on the GU.

The losses have been piling up for me.  After many years, this is becoming very expensive.   I am beginning to question whether long term profitability is realistic for me.  Hope you guys are doing well.

This seems to happen to you twice a year Rob, losing streak, then self doubt.
I would bite the losing streak in the ass and take a break and a reset, get back to a simple plan of 1 or 2 specific setups instead of trying to trade whenever you sit down. There are definitely more wins on the charts than losses since I got back and we are looking at the same thing. Although I know you dabble in more than just the 2 currency pairs I deal with. Still, if you are on a losing streak then stop and have a trading plan re-assess

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koeart
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November 4, 2015 - 22:07
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bummer to hear that you are getting a lot of losses Rob :( i had the same thing a couple of weeks ago....

just took a few days off and i did some fun stuff. i sit down in the weekend and take a look at my plans and goals! and came back fresh 🙂

my trades from yesterday:

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Rob S
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November 4, 2015 - 23:40
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koeart said
bummer to hear that you are getting a lot of losses Rob :( i had the same thing a couple of weeks ago....

just took a few days off and i did some fun stuff. i sit down in the weekend and take a look at my plans and goals! and came back fresh 🙂

my trades from yesterday:

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Nice trading, unfortunately for me my FX trading adventure appears to be approaching a very expensive end. Nice to see you guys are achieving success.

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koeart
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November 5, 2015 - 01:02
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thats not good Rob. maybe Theo can take a look at your trades?

your here for years and i never hear you talking like this 🙁

i started my morning with a loss.... then came back with a 1:2! then a BE and 2 wins! i was thinking about the trendcon brown but the FOCM news and the time kept me out of that on....

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WeeMee
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November 5, 2015 - 17:22
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really nice trading Sjoerd. way to keep your rr high and win ratio high too 🙂

 

sorry to hear of your stop out streak Rob.

 

i'm just about managing to move my account up a few bucks a day, then i do some stupid wishful thinking trade and give a couple of days worth back in 1 go. but  i am seeing that my over all entries are getting much better. now i'm having to train  trade management.

 

maybe you should consider going back to demo to fine tune things a bit for a while, and or prove a strategy to yourself back testing then just take those trades. Sjoerd was telling me just today to only choose a couple of types of trade. ie the ones that work the most, probably continuation trades. i noticed thats mostly what he trades.

hey you! remember to follow your bloody rules!

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WeeMee
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November 8, 2015 - 16:04
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well i got stuck in a trade over the week end, it was a perfect level 1 trigger so i took it even though time was short before market closed. anyway it went to profit not long after market opened up again. 

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hey you! remember to follow your bloody rules!

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koeart
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November 9, 2015 - 03:38
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WeeMee said
well i got stuck in a trade over the week end, it was a perfect level 1 trigger so i took it even though time was short before market closed. anyway it went to profit not long after market opened up again. 

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nice Omar.

i never stay over on the weekend..... 

spend a lot of time on de M33 chart this weekend and it was a good dissision i guess 😉

morning session: 3 wins one loss

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