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Topic Rating: 4.9 Topic Rating: 4.9 Topic Rating: 4.9 Topic Rating: 4.9 Topic Rating: 4.9 Topic Rating: 4.9 (26 votes) 
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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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koeart
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February 17, 2017 - 00:27
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nice cool

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WeeMee
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February 17, 2017 - 09:25
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today i didnt have time to trade, only 10 mins before heading out. so i set and forget a sell  on the EJ. nice to see it made the target when i got home.

 

awesome 4 to 1 trade Sjoerd** Register Here for Free Membership to see this image/link **

hey you! remember to follow your bloody rules!

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koeart
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February 17, 2017 - 11:11
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nice trade Omar! love it when it turns straight after hitting it's TP.

got a BE witch was a good one 🙂 missed the next trade and a nice win on the EU... this friday made made my week pretty good after starting with 3 losses on monday 🙂

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enjoy your weekend!!

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WeeMee
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February 18, 2017 - 17:38
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so i did a short vid of a few trades during back testing. i can only do 15 min vids on youtube, so the beginning of the session is not included. just thought it be fun to have some of these trades and the reasons explained. i was actually just experimenting with how to even make screen cast vids.

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hey you! remember to follow your bloody rules!

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koeart
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February 19, 2017 - 01:58
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Nice job Omar!! 

but those 2 losses on the 5th you are still trading against the purple line.... how is your experience with trades like that ?

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WeeMee
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February 19, 2017 - 03:44
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as you can see they didnt work out, lol. those are coin toss trades. the video of those trades is 23 mins long and youtube won't allow

me to upload it. so here is that part of the back testing session. when i look at it, i know what i was thinking

for the first loss you mentioned i was thinking it reached the previous area, a kind of mirror flip. when it lost but then headed down i though, ah now it's reacting and turning. but yeah, these are not proper efx wave entries.  i might make another vid today, it's kind of fun.

 

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i

hey you! remember to follow your bloody rules!

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Snejanka
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February 19, 2017 - 04:30
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Omar, thank you for your efforts to make the video. It's very unteresting.

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WeeMee
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February 19, 2017 - 06:49
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ok, i did another video, only space for a couple of trades, interestingly both were ghost or split double tap patterns. not my favorite, but there is a reason why Theo included them in the Lesson plan, they do work at higher then 50/50 probability.

 

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hey you! remember to follow your bloody rules!

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juakali
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February 20, 2017 - 00:52
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Bad start to the week! EJ loss followed by EU BE - and I could have just got a 1:1

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koeart
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February 20, 2017 - 00:55
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if you go long on the EU you can't go long on the UJ..... thats selling and buying dollars at the same time.... one of them will always lose....

im still in that EU trade..... BE was a good choice i think 😉

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juakali
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February 20, 2017 - 01:10
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Thanks Sjoerd. I understand your point. I actually took the EU buy 34 minutes after the EJ buy. Buy this time I had taken the loss on the EJ which was headed downwards, ie dollar weakness, so I though the EU buy would be ok.

Wish I'd held on to EU now - easily hit 1:2 target. Grrr!

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koeart
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February 20, 2017 - 01:25
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ok good 🙂

my EU trade.

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juakali
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February 20, 2017 - 01:42
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Well done, Sjoerd, wish I'd done the same now!

One question: when do you use TM to enter and when do you just do an instant entry using Depth of Market?

It looks as though the above trade was all on TM.

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koeart
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February 20, 2017 - 01:50
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just set and forget it peter. looking at things often leads to bad decisions... you know your SL/TP up front and thats all you need.

about the TM... i had some problems with slow entry's at IC markets but now they put me on a new server (or something) and it's all good again. so now i can use the TM without any problems or delay in my case.

 

o and trading from my phone happens with the in dep market thing because dragging lines on your phone is a paine in the *ss to do 😉

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henkknot
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February 20, 2017 - 04:11
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Snejanka said
Henk,

I prefer the brand new Theo's template set alTerna. Renko is half the size in comparison to 2017 2-chart set of templates. With this template EU renko is size 12 , GU renko is size 17. I find this more stable than renko 5 size.  I am 1 hour ahead of you - almost the same time zone. In fact I am on my computer the whole day and can trade full Franfurt & London sessions but along with trading I do other things and cannot concentrate for so long. Still I try to catch London open, NY open and London close. I do not know why I decided and persist to trade DAX which lately does not give good triggers. Fast moves up & down... So I decided to move to Gold, Oil and EU, GU. I made 3 nice DAX trades this week but it requires a lot of patience. I started with Theo's strategy seriously in November so I am relatively new. What I noticed is that if you stay long in front of the computer and watch moves of 1 or 2 currencies you start to see repetitive patterns and it's easier to handle similar patterns later. I also find very useful to listen to all Theo's analyses even several times, so that I just start see situations without thinking a lot... I hope I will be successful soon.

How much experience do you have? 

Good luck,

Snejanka  

Hi Snejanka,

Thanks for you post. I'm trading since 1,5 year. At this moment I'm trading around break even. I have problems with patience and time. When I look at my charts I have to place a trade. I'm really unsatisfied when closing my charts without placing an order. And then I take to much risk. Further I'm struggling with location.

What about Theo's theories: I love it. It's very clear! I'd like to see pictures of moments that we traders decide to place orders. All the pictures I see (and place them by myself too) are taken afterwards. I think it's very educational to see others decision moments. Can you post one for me sometime?

This afternoon I'm gonna check the templates you're talking about.

Henk.

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WeeMee
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February 20, 2017 - 05:37
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nice European open trade Sjoerd. set and forget can be best most times. thanks for sharing. no trades at my chart speed yet.

 

edited to add: i made a video on my US open trades, au reached target and ej is still running. i'm editing all the parts together on youtube now, hope it works.

hey you! remember to follow your bloody rules!

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February 20, 2017 - 09:41
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not sure if the video editing is working, so i made a play list of all my updates to these trades so far. have to say the ej is not looking good, but we will see. looks like i was able to put all the parts together to turn 13 parts into 2 videos. here is the first part. the second and ending is still being processed on youtube.

 

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here we have part 2 the ending.

 

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hey you! remember to follow your bloody rules!

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Snejanka
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February 20, 2017 - 10:37
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Nice videos, Omar. A bit slow today - even I went fast to renko size 6 🙂 So only one small 1:1 trade from me:)

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WeeMee
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February 20, 2017 - 11:08
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looking real good Snejanka.

it was a slow day, the AU was nice to me though, lol.

sorry about being a bit long winded with the video. will try and make them 

shorter next time.

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i do have a GU sell open, it went to the lpt so it might end up a break even. if yest i will have had a BE day, if it goes to tp i will be 2 trades up for the day.

 

ok it's been a while and the GU just hit the BE, so i end the day with 1 trade ahead.

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hey you! remember to follow your bloody rules!

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koeart
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February 20, 2017 - 11:15
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loving the vids Omar 😀 really cool to hear you way of thinking!

@snejanka: you daredevil all the way down to a 6!! nice job 🙂

took one more trade on the EU.

 

feature=youtu.be

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