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Trend Runner

  • #201
  • May 13, 2013 5:05am May 13, 2013 5:05am
Hi IlZ,

Thanks for explaining PSAr, yes I agree MM is personal , but atleast your records clearly show for the last 24 months your MM has worked well.

In the last 2 weeks you have done very well , you have followed your strategy , without any hesitation , thats amazing!

Hopefully I get there!

If you have any suggestions of re-wiring the brain from making it over analyse by all means shout them out to me
  • #202
  • May 13, 2013 5:30am May 13, 2013 5:30am
Quoting ashtrader
Hi IlZ, Thanks for explaining PSAr, yes I agree MM is personal , but atleast your records clearly show for the last 24 months your MM has worked well. In the last 2 weeks you have done very well , you have followed your strategy , without any hesitation , thats amazing! Hopefully I get there! If you have any suggestions of re-wiring the brain from making it over analyse by all means shout them out to me
Hey Ash,

LOL, you made me laugh. There is no real way to re-wire your brain my friend. You just have to become more confidant in what you are doing. If you trust your trading method, not just this one but anyone, and have a solid MM method that you have tested in a live market scenario and you trust that MM method, the stress comes way down. After that its either win, lose or draw based on what the market does. it is completely out of your hands. you did your best. the trade will either win, lose or you break even.

The best piece of advice I can give anyone is, it is a cliche, plan your trade and trade your plan. After that it's anyone's guess as to what the market will do.




-ILZ
“Control, control, you must learn control!” - Yoda
  • #203
  • May 13, 2013 5:41am May 13, 2013 5:41am
hey ILZ,

Hey thats cool , I made you laugh , we cant always just be boring LOL , yes thats the plan plan the trade and trade the plan. i am short aus and kiwi, thats the problem, once i get in a few trades i seem not to be able to take more then those, but that messes up the stats , like not having gone long any of the yen pairs

didnt take the eyro short also , but will get there , thanks for you support
  • #204
  • May 13, 2013 5:45am May 13, 2013 5:45am
Quoting ashtrader
hey ILZ, Hey thats cool , I made you laugh , we cant always just be boring LOL , yes thats the plan plan the trade and trade the plan. i am short aus and kiwi, thats the problem, once i get in a few trades i seem not to be able to take more then those, but that messes up the stats , like not having gone long any of the yen pairs didnt take the eyro short also , but will get there , thanks for you support
What are your entry points for all your open trades?
“Control, control, you must learn control!” - Yoda
  • #205
  • May 13, 2013 6:47am May 13, 2013 6:47am
hey ilzama, thanks for a great simple system. do you think this would be feasible to trade on a daily timeframe?
  • #206
  • May 13, 2013 7:57am May 13, 2013 7:57am
hi ILz

audusd entry was 1.0199 on 7 may 2013 , got stopped out on 9th may 2013 , then barry put a resistance line at 1.0253 , supertren was still red

rentry at 1.022 on 9 may, entry after 1st red candle on 4hour

nzdusd entry 0.8390 on 7 may 2013 got stop out , on 9th may put a stop order to sell at 0.084250 , then with my superb over analysis skills went down to 1hour charts and saw all this pin bars forming facing north , i thought the trade isnt going to work , but i left it trusting the 4hour time frame

so both trades running nicely
  • #207
  • May 13, 2013 8:14am May 13, 2013 8:14am
hi ilz

also short gbpusd at 1. 5357 stop for now at 1.5457 , but will see how candle closes
  • #208
  • May 13, 2013 8:40am May 13, 2013 8:40am
ILZ, you have a PM
  • #209
  • May 13, 2013 11:01am May 13, 2013 11:01am
Hi Ilz

When you adjust your SL levels to BE + 3 then + 1 pip for every 10 pips of price movement, or SR + 3, do you add on the spread for short trades? My chart shows only bid prices, but I believe Oanda can show charts with either bid or ask prices.
  • #210
  • May 13, 2013 1:42pm May 13, 2013 1:42pm
As of the ILZ last update, we have new entry(yellow arrow) on GBPUSD at 1.5289 with stop loss at the previous R(checkmarked) 1.5387....almost the same as 100 pips intital stop....let's see what happens...
Attached Image (click to enlarge)
Click to Enlarge Name: oanda - metatrader.png Size: 204 KB
  • #211
  • May 13, 2013 2:08pm May 13, 2013 2:08pm
Hi Driven18

I also got into that GBPUSD trade. What I am not sure about though is where the SL should be.

In post 134 Isalama said "Stop Loss - If I open a trade and there is already a S&R line that is less than 100 pips away, that is my stop".

On this basis should the green S&R line at 1.53135 (my chart) be the SL?
  • #212
  • May 13, 2013 2:25pm May 13, 2013 2:25pm
Koglkama I beleive ILZ is talking about the red support line...
  • #213
  • Edited 9:06pm May 13, 2013 7:47pm | Edited 9:06pm
Trade Update

Short AUD/USD @1.01881 Current Stop 1.00318. +156.3 Secured

Long EUR/JPY @131.193. Current Stop 131.509. +31.6 Secured

EUR/USD - NOTHING

GBP/JPY - NOTHING - Long GBP/JPY @ 155.477. Stopped @ 155.667 +19.0 Realized

GBP/USD - NOTHING

USD/CAD - NOTHING

USD/CHF - NOTHING

Long USD/JPY @ 99.301. Current Stop 101.442. +214.1 Secured

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #214
  • May 13, 2013 7:51pm May 13, 2013 7:51pm
Quoting blamshakk
hey ilzama, thanks for a great simple system. do you think this would be feasible to trade on a daily timeframe?
Hey blamshakk,

Please check this Post.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #215
  • May 13, 2013 7:56pm May 13, 2013 7:56pm
Quoting driven18
ILZ, you have a PM
hey driven18,

You have e-mail.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #216
  • May 13, 2013 8:03pm May 13, 2013 8:03pm
Quoting ashtrader
hi ILz audusd entry was 1.0199 on 7 may 2013 , got stopped out on 9th may 2013 , then barry put a resistance line at 1.0253 , supertren was still red rentry at 1.022 on 9 may, entry after 1st red candle on 4hour nzdusd entry 0.8390 on 7 may 2013 got stop out , on 9th may put a stop order to sell at 0.084250 , then with my superb over analysis skills went down to 1hour charts and saw all this pin bars forming facing north , i thought the trade isnt going to work , but i left it trusting the 4hour time frame so both trades running nicely

Hey Ash,

So you should be +8 on AUD, NZD should have about +30ish, GBP should have at least +7. You charts must be way different then mine but thats OK.

Keep up the good work!



-ILZ
“Control, control, you must learn control!” - Yoda
  • #217
  • May 13, 2013 8:06pm May 13, 2013 8:06pm
Quoting Koglkama
Hi Ilz When you adjust your SL levels to BE + 3 then + 1 pip for every 10 pips of price movement, or SR + 3, do you add on the spread for short trades? My chart shows only bid prices, but I believe Oanda can show charts with either bid or ask prices.
Hey Koglkama,

I add the +3 to all sl movements, except for the initial 100 at trade start, because my spreads are almost always 3 pips or less, sometimes GBP/JPY may be a little over 4 pips during non-London hours.

Also, a few pips does not really matter much when your trading on a larger TF. IMHO.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #218
  • May 13, 2013 10:29pm May 13, 2013 10:29pm
Quoting driven18
As of the ILZ last update, we have new entry(yellow arrow) on GBPUSD at 1.5289 with stop loss at the previous R(checkmarked) 1.5387....almost the same as 100 pips intital stop....let's see what happens... {image}

ILZ, can you tell me why you did not take this signal on GBPUSD?
  • #219
  • May 13, 2013 11:13pm May 13, 2013 11:13pm
Trade Update

Short AUD/USD @1.01881 Current Stop 1.00135. +174.6 Secured

Long EUR/JPY @131.193. Current Stop 131.509. +31.6 Secured

EUR/USD - NOTHING

GBP/JPY - NOTHING

GBP/USD - NOTHING

USD/CAD - NOTHING

USD/CHF - NOTHING

USD/JPY - NOTHING - Long USD/JPY @ 99.301. Stopped @ 101.442. +214.1 Realized

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #220
  • May 13, 2013 11:16pm May 13, 2013 11:16pm
Quoting driven18
{quote} ILZ, can you tell me why you did not take this signal on GBPUSD?
hey driven18,

That candle is my 5am-9am candle. I did not catch it.

-ILZ
“Control, control, you must learn control!” - Yoda
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