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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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July 23, 2015 - 02:29
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Took this CT EU short, stayed 1-1 based on a HH on the M8.

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WeeMee
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July 23, 2015 - 04:29
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Hey Rob, nice to see you doing so well. its a bit hard to tell where in the market you took some of them, but it's clear you are using the system most skillfully to choose your triggers.

 

anyway set the lines for this gold buy late last night, but the tm didnt like the spread and didnt open it. think i will increase the allowed spread for gold.

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anyway just took this sell on gold, the trend is still down, letting the trigger lead the way. there is already 3 waves up so could well be the turning point. still as it's counter trend on the  larger scale i will stick to 1 to 1 rr.

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edited to add:

gold sell went to profit, have a feeling i could have held on for more, but i'm trying to be consistent at the moment rather then hunting for those home run type trades.

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hey you! remember to follow your bloody rules!

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WeeMee
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July 23, 2015 - 08:39
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here are some scalps i took on the GU, the exits were decided by the m33 triggering the opposite way.

 

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as i saw the gold trigger again for another sell, i took it with the clear plan to get out if it triggers the wrong way. don't want to give back my winnings. so yeah not quite 1 to 1 rr on the second gold trade, but it gave a clear buy trigger on the tick chart, so i decided to jump out.

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hey you! remember to follow your bloody rules!

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Rob S
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July 23, 2015 - 13:03
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Nice Gold Short, wish I would have seen that one.  Scalps look good too.  As far as your gold trade manager EA, you need to multiply all the values by 10.  So load the TM EA, hit F7 and adjust the values.  Then on your gold M1 after you load the M1 template, right click, go to indicator settings, then to Lvl sizes, and make sure is gold is set to true. Also be careful with your lot size. You may want to stay with .05 or smaller until you get the hang of trading gold.

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Rob S
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July 23, 2015 - 13:38
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I am becoming convinced that key market time trading is the way to go.  Just took this SP 500 US market close trade (30 minutes prior to US market close).

I need to ID a time and equity pair for the Asian session.

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Rob S
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July 24, 2015 - 04:07
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Nice gold action this morning.  Somewhat cautious though.  These commodities have really fallen. They are due for a pullback, so keeping SL tight.

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WeeMee
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July 24, 2015 - 07:24
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thats some beautiful rr you are getting out of the market. i think you are right about the time to trade, just wish i could fir the european open into my day. but you are right i find getting good trades easier during the newyork open then during asian sess.

 

thanks for the heads up about changing level sizes to gold is true, i already remembered Theo mentioning to change all the buffers to 10x the size, so i did that now too. had done it before, but then reloaded the tm or tenplate.

seeing a really interesting situation on gold, i set my lines to take the brown trigger if it fires off a buy

 

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edited to add:

so yeah the gold buy didnt trigger, it seems i some how didnt save the new spread settings lol. anyway when i checked in i saw a very nice entry, i was able to shrink the wholetrade down by using the black to enter. of course this make the stop tighter and leaves less room for error, but it also allows my to go for a closer tp still maintaining decent counter trend rr.

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i have also had a gu buy open for a while now, not really sure if this dog will hunt as they say, it certainly isn't one of those nice fast trades. i was able to tighten my stop a bit, but not to BE yet as i want it to have room to breathe

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hey you! remember to follow your bloody rules!

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WeeMee
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July 24, 2015 - 11:22
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here a trade i took on the nas100/us tec100, was a break out 1 to 1 RR sell

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wow nice! the gold trade that i shrank down went to profit while i was out doing shopping. as it turns out i judged my original tp well as that where it went. still can't be helped, the trade i set was the safer easier to achieve target

 

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still waiting on the GU buy to make it's mind up, might well close it, noticed that trades that just hover around in the first 10'% of the trade seldom tend to do what you want them to.

 

edited to add:

gu trade still open, alterating between 5 and 10 dollars of profit, market about to close and i think i will manually close it before it does close.

 

gold trades went well, now we have a sell potentially setting up, but yeah it's no good timing wise. although i am tempted, the gambler in me says gold is good for another trip to the down side, but yeah, if i take it i will take a tinny position.

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hey you! remember to follow your bloody rules!

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WeeMee
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July 27, 2015 - 07:49
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hope everyone had a good week end.

 

looks like Theo's trading desk is still under a layer of building material, lol.

 

anyway i'm loving the system today, made a couple of sweet trades on the us500/spx500, nice sell on the way down followed by a nice CT buy

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the gu i wanted to close early and didnt, went to BE today, before heading off to the original TP, lmao. also made a small loss on the eu.

also made a loss on gold yesterday, but more then made up for the loss with todays win. also have a gold sell open right now.

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edited to add:

some hours later i took this CT buy on the dow jones/US30, so far so good, it's about to hit my lock profit trigger, at least i hope it is. as you can see this little beauty didnt look good at all for a while there, thankfully i took the safer SL and treated it as a 2 point turn. was a close one thats for sure, hope it hits that lock profit trigger soon, then i can relax. it's flirting with it now 🙂

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hey you! remember to follow your bloody rules!

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Rob S
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July 28, 2015 - 03:08
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Here are some examples of US market close trades (30 minutes prior to US stock market close) 

I have notice that these triggers are usually long, but not always. This usually long dynamic close to/after US markets are closed may be due to the fact that most retail traders do not have access to the markets at this time.  The only way is to be exposed to futures, CFDs, or some post market mechanism. CFDs are banned n the US.

Because of the lower volume, algos controlled by larger firms or governments can then more easily move the markets (plunge protection team).  Just an idea.

Here are the triggers.  Blue line signifies 30 minutes prior to US close.

2015-07-26_0558_nas.png

2015-07-27_0557_Nas.png
2015-07-28_0554_nas.png
2015-07-28_0653_SP.png

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WeeMee
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July 28, 2015 - 04:34
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thats really cool, will have to keep a look out. for some reason i cant get the eovm time indicator show the second time i set. have it set for green at eu open and yellow for the US open, but that one is not showing up on the charts for some reason.

hey you! remember to follow your bloody rules!

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Rob S
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August 3, 2015 - 04:53
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Took this EU short this morn.  Walking SL down to lpt +13

 

2015-08-03_0850_EU.png

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WeeMee
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August 3, 2015 - 09:58
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nice one Rob. nice position to be in.

took this gold sell earlier, not sure if she will work out or not at this stage

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  • had a kind of melt down and managed to lose all my hard won gains in 2 trading sessions. seem to be becoming a habbit with me, 2 steps forward followed by 3 steps back. trying to find the one rule that will up my results on back testing. i think trading time as you and Theo both talk about would help me. limit my trading to certain times of high volatility.

hey you! remember to follow your bloody rules!

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Rob S
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August 3, 2015 - 11:57
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Here is my Gold Short at lock profit.

2015-08-03_1554_Gold_001.png

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August 3, 2015 - 12:13
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WeeMee:

I am gravitating toward key market time trading.  Then supplementing with SP 500 / Metals trades if they surface.  This is still in the developmental stages though.

SL just got taken out +38 on my Gold short.

The key is to pass on spot currency trades unless the conditions and patterns are ideal.  I really only look at 1 pair now the EU.  Less trades but more focused and only consider if I see a great entry, example:  LL, pullback to LH, leaning ghost sell.  1-1 at least.  I am drifting away from CT trades all together.

I do check my charts on the EU when I get a chance, but focus at the pre-US market open, then 90 minutes later the US market open.  Then the US market close for SP 500.  After the midway point of the US markets, I skip currencies all together unless a perfect pattern surfaces.  I took one for 34 pips on the EU on Friday.  But US afternoon trading has much better PA on the SP 500, Nasdaq, and metals.

Again still investigating, but this is better for my schedule.  EOVM is out of the question for me.  Too early.

Also trade conservative lot sizes.  Forget the all in, home run trades people brag about on the internet.  Those are 1-off trades or simply BS demo account trading.

Remember, LL pullback LH entry pattern, sell.  HH pullback HL, entry pattern, buy.  IF this is not the pattern, skip the trade.

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August 3, 2015 - 13:37
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SP 500 market close trade.  Similar story on Nasdaq and DOW.

 

2015-08-03_1732_SP.png

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WeeMee
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August 3, 2015 - 18:25
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its funny you should say that about the nas, spx500, dow and dax etc. i'm also finding them a bit easier to trade then the eu and gu. gold also seems to have an over all profit. oil is also one that can give you nice setups and good moves.  i wonder if they are less easy to manipulate then the currencies?

 

anyway that gold sell i posted above went well, i broke it up into 2 trades. the move is probably gonna go on to make a new low, but as you were saying i need to aim for decent TP's, not fantastic ones.

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as for the CT trades, does that include trades where you have a brown trigger turning the trend?

hey you! remember to follow your bloody rules!

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Rob S
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August 4, 2015 - 02:56
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I am more cautious regarding CT on currency pairs.  

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August 5, 2015 - 04:50
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Took A loss on GU -36

But SP 500 long looking good so far

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August 5, 2015 - 05:28
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YUP

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