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shellsnail commented Nov 27, 2013follow the trend, sell the spike

ANZ Business Confidence: Hangin Ten
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shellsnail replied Nov 27, 2013Woke up to a small profit lol. Closed my EA running on EUR/USD and position. Reminder to self: Asia session is NOT WORTH IT. The moves are terrible.
Somewhere to document my thoughts...
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shellsnail replied Nov 27, 2013End of Trading Day/ EA opened positions profit in points. Ask anyone to manual trade and monitor all these pairs at the same time - it's impossible.
Somewhere to document my thoughts...
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shellsnail replied Nov 27, 2013For now I am curious to see how this EA will handle a trend change (i.e. how much loss will I incur before my manual exit signal is triggered.). Based on backtest it seems that profits > losses significantly BUT still have to see what actually ...
Sell a working Expert Advisor
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shellsnail replied Nov 27, 2013Easiest way to kill your profitability is to overthink. 99% of ForexFactory is dedicated to predicting the future and engaging in over-think. People get married to their positions and their opinions - they lose. Just see the trend, watch the news ...
Somewhere to document my thoughts...
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shellsnail replied Nov 27, 2013Hmm ok, but bear in mind that Hope can be deadly in trading! Fact: We are above 200MA on 4H, 60MA on 4H, price is making higher highs and higher lows. Fact: Trends tend to persist and drag on for extended periods. Fact: There are typically on ...
GBP/AUD
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shellsnail replied Nov 27, 2013Intraday review: Had a terrible start BECAUSE i violated one of my own exit rules (greed) and that trade turned sour and which led me to trade for a PRETTY long time. Good reminder/lesson.. ended up with around 20 pips profit today so calling it a ...
Somewhere to document my thoughts...
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shellsnail replied Nov 27, 2013Trend trading - the strongest move happen ONLY AFTER some indicator show that the pair is overbought/oversold in the direction of the trend.
Somewhere to document my thoughts...
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shellsnail replied Nov 27, 2013I was sleeping, and I don't trade counter trend, so I wait for a reaction first.
Why Simple is better in trading and Complex is not
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shellsnail replied Nov 27, 2013Not trying. Just saying it's working for me and my methods so it might work for others too if they put in a bit of thought to exits. Another 120 pounds today (balance +136.66, equity floating loss -11). cheers. so yes, within 3 days I have made back ...
Sell a working Expert Advisor
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shellsnail replied Nov 27, 2013Went into reversal zone...having some reaction now. in fact it was 1 pip shy of optimum entry.
Why Simple is better in trading and Complex is not
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shellsnail replied Nov 27, 2013Looks like GBP/USD came 1 pip shy of my target zone. judging from the reaction so far, I think we might be seeing some action soon? i'm short.
Somewhere to document my thoughts...
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shellsnail replied Nov 26, 2013I recommend Global Prime. Been with them for about a year now, absolutely excellent.
Why Simple is better in trading and Complex is not
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shellsnail replied Nov 26, 2013For those reading...I traded the skeleton/alpha version of this method on 1 min/5min/15min TF that I am using from a 150GBP live account and turned into into 2.5k in 1 week. Took about slightly less than 100 trades, made lots of mistakes and took ...
Somewhere to document my thoughts...
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shellsnail replied Nov 26, 2013If GBP/USD breaks that zone, it's going to see much higher - so trade with the trend until something breaks! The top is always clear in the rear view mirror

Somewhere to document my thoughts...
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shellsnail replied Nov 26, 2013For asian traders: ofcourse it's buyzone until it is broken
trade with the trend is your best bet for now.Somewhere to document my thoughts...
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shellsnail replied Nov 26, 2013Ok the experiment sucks during asian hours. lol I might try it tmr.
Somewhere to document my thoughts...
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shellsnail replied Nov 26, 2013Hmm... interesting why would you take that level as support though, just asking. Here's how I see it. 30min picture: image 5min:
10,000 Hours
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shellsnail replied Nov 26, 2013okay that sounds like a decent strategy as long as you have got it tested and figured out! Stuff like pinbar is really contextual though so you can't really be sure that this will be profitable in the long term, unless you are taking ALL of the ...
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