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- FlyingCat replied Jul 31, 2020
Dear George, First of all I would like to expres my deepest gratitude... over last 2 weeks I have read each indivual post and in each post I feel an intense amount of JOY, CARE and PASSION. My trading journey started when I was in college, 6 years ...
- FlyingCat replied May 7, 2020
Thanks for the input, should not be too difficult to capture this in code! Will give it a try tomorrow.
- FlyingCat replied May 6, 2020
Appreciate the detailed examples with entry and exit pictures a lot. Also, I like the visualization of the stochastic that indicates where the strong moves are happening. Unfortunately with my job I have not so much time to monitor for scalping ...
- FlyingCat replied Apr 29, 2020
Took the touch on MA35 (and MA10 on H1) for a buy. SL under the last RN (11 pips). Price action didn't feel great on the M5, therefore grabbed +5 pips (0.5% gain). Anyone advice on whether this was a good entry? The 1h was making a big bearish ...
- FlyingCat replied Apr 28, 2020
Besides that I reached my target for today, I stayed out of that move because high impact news was coming up and turned out that it was basically disrupting the price action to go upwards. image
- FlyingCat replied Apr 28, 2020
Dear all, Was reading the material extensively for last couple of days... appreciate the detailed journal over time (very inspiring). Started yesterday with practicing and I made some mistakes in following the rules (made yesterday +2% nevertheless ...
- FlyingCat replied Apr 25, 2020
Subscribed!
- FlyingCat replied Apr 25, 2020
Looking forward to the journal, enjoy your weekend!
- FlyingCat replied Apr 24, 2020
Wow, excellent work!
- FlyingCat replied Apr 23, 2020
Looks advanced, without spoiling this method too much (assuming we will go into ADR trades later), do you still want 3 out of 4 multiple time frames too match as the Channel on M5 is above SMA and therefore has bias to go long? In this ADR trade ...
- FlyingCat replied Apr 23, 2020
Noted, H1 might be good experiment as well, thanks!
- FlyingCat replied Apr 23, 2020
Thanks for showing this example as well. Especially the losing trades are good to reflect on (was it my mistake or was it the market edge), isn't it part of Mark Douglas? Did read his book 4 years ago.
- FlyingCat replied Apr 23, 2020
Do you take this signal also to step out of a trade when you are not in profit (or do you solely focus on the EMA channel to cross the SMA to prove you wrong)? Thanks for the tip!
- FlyingCat replied Apr 23, 2020
Thanks, your feedback is greatly appreciated.... 130 pip gain is unfortunately gone by now (USD/CAD brought me today a -125 pip loser ). Luckily this is DEMO and these are goods learnings, two lessons for now: A) Setting the stop too ...
- FlyingCat replied Apr 23, 2020
-44 pips on my CADJPY short. Lesson learned: I put my SL way too conservative, price already return almost to my entry price. Should give it much more breathing space to the trade (even though I can't monitor it that much). image
- FlyingCat replied Apr 22, 2020
Correct, I was not around at the screen. You are right, the ADR high would had be a good point to lock profit in. I am amazed about how even ‘less good entries’ and ‘less good exits’ work out well and the simplicity of just screening the charts in ...
- FlyingCat replied Apr 22, 2020
Busy day and almost no time for screening on new positions. Closed GPBNZD manually: +130 pips image Will catch up reading this thread hopefully by tomorrow morning.
- FlyingCat replied Apr 21, 2020
Summary: Started this week on demo: 2 winners, 2 losers & 4 open positions mostly from the 4H charts. Goal for me at first is to get feeling for the setups and if that fits my trading. Even though I took some poor entries, I am quite satisfied ...
- FlyingCat replied Apr 20, 2020
Thanks for pointing this out, somehow I used to believe RSI should be below 50 for long setups and vice verca for sell trades.
- FlyingCat replied Apr 20, 2020
Thanks. I was just reading the strategy once more on the rules / strategy with respect to the RSI... are you sure it is important if it rising to the 50 line? The way I perceived the RSI: - Below 50 is bias for long - Above 50 is bias for short.