Hi everyone,
Sorry I was away on business trip, I have set up the teamspeak server if you wish to join it and chat heres what you have to do.
Downloand the client search for teamspeak and use the teamspeak 2 client
The install the program and run it.
At the top click quick connect and enter the following;
Server address 85.234.155.252:9156
nick name - what ever you like
DO NOT ENTER A LOGIN NAME - leave blank
password = goji
See you in there…
Afternoon trades:
1:45 short at 1.2835, -10 at 1:52. Took a trade off the 1:05 goji candle.
2:03 long at 1.2860, B/E at 2:11.
2:27 long at 1.2875, B/E at 2:30.
I’m done for the day. This market is too choppy and and I’ll probably give even more back if I keep trying to trade it.
Today’s pips: -16.9
February Total: +24.90 - Where’d they all go? 
Hello everyone,
Philbot, nice to see you back,
I’ve just finished what was supposed to be “morning trading”:), stayed until now, cause wanted to make up for early losses. Generally, I don’t find this a good idea, but today I was able to get away with it.
Too many trades to list, what’s inportant - i got 4 full losers.
Finished with +4 for the day.
This makes it +48.5 for the month.
All the best.
hi all,
phil, i have a headset and have not been able to find it. as soon as i do, or as soon as i buy another, i will be on board.
lava, i think you are learning to preserve your bankroll, which is very important. as long as you have a bankroll there will be another day, and i know you know that our methods produce trades often, daily. there will be better days. i still blame the fundamentals. that said, i used those fundamentals with this afternoon’s trade. as i logged on, harry reid was announcing the finalization of the new stimulus package. at that time i saw a micro-mini PV taking shape so i entered an order. I WILL ADMIT AHEAD OF TIME THAT THIS action WAS A STRETCH. i only took the trade because of the simultaneous fundamental news. initially, it looked like we might get a TP, but it turned around. i took +5 and decided to quit for the afternoon. i will be back at 7:00 pm. the trade:
2:55 eol, 1.2905
2:55 long, 1.2905
2:56 moved S/L to 1.210
2:56 exit, 1.2910, had been to 1.2914-4 +5
february total, +224.4
g, b.
Yeah, I’ve been thinking about that a lot. Maybe I have to learn to walk away from losing days, and accept losses, before I can become consistently profitable. I’m being tested and it is very difficult! As many of you know, as little as a week ago, losses would cause me to completely ditch the system and make revenge trades because all I could see was the day’s losers, and not the bigger picture. This is my first month trading this system, and if I can manage to break even while banking some new knowledge and discipline, it will be entirely worth it.
Still, I decided to make one more trade this afternoon, since I saw a nice goji candle and it looked like good idea. I had one -10 this afternoon, so I figured I had one more for the session before I quit. Not surprisingly, another touch and retreat! Like most of my losses today, after taking me out, the candle moseyed on into profit.
3:21 short at 1.2890, -10 at 3:30.
Today’s pips: -26.9
February Total: +14.9
Philbot-
Just bought a headset online, should have it by Monday. I logged in to Teamspeak and everything seemed to work fine. I’m excited!
hi all,
well, keeping with my one and done trading in the off hours. i just finished another one and done and am DONE, for the evening. monday, may be a good day to plan to start with the headsets. that will give all interested something to shoot for and some time to get organized. the evening’s trade:
6:55 eos, 1.2870 10X
6:57 short, 1.2870
7:00 exit, 1.2863, had been to 1.2859 +7
february total, 231.4
see you in the morning,
goji, bernie
hi all,
if you bring up the following, it may help with moving oanda’s S/L line. i do not particularly care for the strategy that is set forth, but that is me. i do believe you may be helped in your actually trading, however, so it may be worth the watch. it is a little over five minutes long.
goji, bernie
Hi everyone I wont be trading today going away with friends for the weekend.
I note this has not been a good week for some, its not the strategy I am beginning to think that certain times the market is just not right for this way of trading. This is probably why its best to quit after 2 X SL but I am thinking also if you get more than 4 in the week call it a week and trade the following week.
Also notice problems when we are close to a good support or resistance like say 1.3000 it tends to hover around for a while and I did try to set some limits for the break through but set them to close and get stopped but now I have a better idea of how far away from the resitance they should be.
I dont like lots of candles with long wicks, dont ask me why it jsut makes me not want to trade.
Good luck thsi evening guys…
Ps. I am live now so will start monday so will start pip monitoring report from then on.
Hey Bernie,
I watched the video and it looked like the guy was able to move his stop by clicking and dragging it without having to click that “modify…” window that pops up. Are you able to do this? If so, how? I just had an online chat with Oanda and they said it’s not possible. They also said the trailing stop is nearing release. I’m not sure how I feel about the TS, it would certainly take some emotion out of it for me, but I haven’t figured out a setting that would apply to the way we trade this system.
hi all,
lava, yes, i get the pop up, so i am not sure what he does. i wanted to make sure that those using oanda had an idea of how to use that click and drag. of course my screen jumps at times making navigation of that line a little tricky. phil, have a safe trip. there is no doubt the fundamentals have had a major impact on trading this week. i am quitting for the morning. i hope most of you have been successful. i was able to use the peak and valley system to generate a couple of TP trades and then one, S/L trade, so i have quit and will wait for the afternoon. the trades, with some commentary:
IT SEEMED TO TAKE FOREVER TO GET STARTED THIS MORNING, WITH THE MAJOR NEWS AT 8:30 AM. THIS WAS PROBABLY GOOD BECAUSE IT GAVE ME MORE TIME TO THINK ABOUT THE PV TRADES AND I WAS ABLE TO EMPLOY THEM ON SEVERAL LONG CANDLES.
9:05 eos, 1.2830 10X
9:06 short, 1.2830
9:09 moved S/L to 1.2828
9:10 " " " 1.2825
9:12 exit, 1.2825, almost hit TP, in fact, i thought i should have? +5
9:21 eos, 1.2770 PV
9:23 short, 1.2770
9:23 exit, 1.2757-1, hit TP, +12.9, +17.9
9:29 eos, 1.2750 PV
9:32 short, 1.2750
9:33 exit, 1.2737-1, hit TP, +12.9 +30.8
9:40 eos, 1.2725 PV, IT IS MY INTENT TO DO ONE MORE AND THEN QUIT FOR THE MORNING.
9:45 9:30 candle becomes a goji candle
9:45 eol, 1.2770
9:53 short, 1.2725, CANCEL LONG
9:54 exit, 1.2735, hit S/L, -10, +20.8
february total, +252.2
later,
goji, bernie
Morning Trades:
7:49 short at 1.2835, B/E at 7:56.
I decided not to trade around news time, though a TP was probably possible if it beat the big spreads. It’s around 8:42 right now and I’m watching some pretty big moves. What I’m feeling good about right now, is that I’m completely okay watching these moves and not trading. Patience is growing!
8:58 PV long at 1.2860, -10 at 8:59. I saw a pennant consolidation forming, and used that to justify a PV trade. The peaks and valleys I was seeing though were from the immediately preceding candles, and too close probably to consider them important levels. Price faked me out and then broke out in the opposite direction where I had just canceled a sell order.
9:05 short at 1.2830, +6.9 at 9:10.
9:13 PV short at 1.2815, TP of +12.9 at 9:15. This moved so fast that my unrealized P&L level showed double what the trade ended up giving me. I was like “What! It blew past my TP line and didn’t even trigger it! Sweet!” But, of course it settled for the correct amount. Whatever, I’m happy! I DID NOT want to have to quit this morning because I caught two -10 stops in a row.
9:32 PV short at 1.2745, TP of +13.2 at 9:33. The valley would have suggested taking this trade at 1.2750 level, but that has been a key support level in the past, so I thought if I put my order there, a “touch and retreat” would be highly possible. I noticed in the past, if it went past 1.2746, it would be likely to continue down to 1.2700, so I lowered my entry by 5 pips. Trade would have worked either way I suppose.
9:53 goji candle short at 1.2725, -10 at 9:54.
10:13 PV long at 1.2760, -10.3 at 10:14.
I was up comfortably, and, just like yesterday morning I said to myself “one more profitable trade and I’m done”. Well, two more stopped out trades and I’m done is more like it. I had a good morning, and then I pushed it I suppose. I wonder what the odds of having as many “touch and retreats” as I’ve had this week are. It seems insane.
Today’s pips: +2
February Total: +16.9
Hi Bernie,
I’ve tried trading with the Oanda’s Demo account. Once I enterred orders short/long I can never get the S/L lines to show up on the chart. What have I did wrong? How do I config to get the S/L lines to show up? Please elaborate. I’ve also watches the video clips from above link many times.
Thanks very much.
tirasong:confused:
tirasong-
Look to the top right corner of the chart and you’ll see some buttons. Click on the one with the little vertical lines on it (“Chart Options”), and then check the line that says “Show Active Trades and Orders”. Then you should be all set. Be sure and go to the “Tools” menu and click “Save Current Profile” so you won’t have to keep setting that option.
Early afternoon session:
12:45 short at 1.2825, +5 at 1.2820.
1:12 PV long at 1.2830, -10 at 1:14. Went to +5 and I tried to move stop to B/E but something glitched out and my stop wouldn’t move. In an instant the trade was back in the red.
1:20 PV short at 1.2810, -10 at 1:20.
I’m clearly having a difficult time. I’ll resume trading on Monday.
Today’s pips: -13
February Total: +1.9
hi all,
lavaman, sometimes it is good to take a break. have a good weekend. also, thank you for your answer to tirasong.
tirasong, to confirm what lava told you, go to post #296, 1-1-09. this should help you.
g, b.
hi all,
well, i didn’t even make it to 3:00 pm this afternoon. i have already quit. i have thought of something that may help. this goes back to some of chasing’s frustration also. i knew there was something that i still wanted to say, but couldn’t put my finger on it, until just now. OK, let’s see if this makes sense. when i enter a trade my goal is to make money with that trade. if i should be so fortunate as to make a TP, i really view that as icing on the cake. it is the profit i am after, any profit will do. this is the reason i begin moving my S/L rather early and a +3 like this afternoon is not a negative to me. i have come through another session with a positive and i will be going into this evening’s session with that knowledge and profit. the trade
9:50 eos, 1.2790 PV
9:53 short, 1.2790
9:54 moved S/L to BE
9:55 moved S/L to 1.2787
9:55 exit, 1.2787, +3
february total, +252.2
see you at 7:00 pm
goji, bernie
Hello everyone,
My trading today was very similar to my trading yestereday.
I’ve just finished what was supposed to be “morning trading”.
Two “GC” losers:
short at 1.2825 at 9:50;
short at 1.2765 at 10:25.
Stayed long to make up for them;
Got 10 “not losers” ranging from BE to +6.
Quit as soon as got into the positive.
+3 for the day; +51.5 for the month.
Good luck.
I feel like I’ve been pretty good about moving my stop as soon as price gets to +4 or +5, however my numerous -10 losses all basically went to +1 or +2, if that, before retreating back to my stop. I wish there was some way of knowing whether I had a string of bad luck, or whether there is some fundamental aspect to this system I’m not getting.
Also, I wonder if I should just start with a -5 stop loss or something. I mean, If I’m going to follow price with a stop of 4 or 5 pips, would it make sense to enter price with that same stop? I wish I could find out where the best place to have the stop at the beginning would be. The place where you could say “If it goes beyond this point, it’s not likely to come back”.
What I DON’T want to do, is start tinkering around with this system a whole bunch. Even with the losses, I’m becoming comfortable with it. I spent the last 4 months messing with systems and changing my plan on a week-to-week basis. I never gave anything a proper chance before moving on. I don’t want to be a “system jumper”!
I’m going into the end of the week/weekend feeling good and optimistic. I made a huge stride in learning to accept losses and walk away this week. I may not like 'em, but I’m not going to let a string of losses kill my account. Y’all have a good weekend. I’ll sure I’ll still be all over babypips, even if I’m not trading live.
hi all,
i just found out that the stock market made a major recovery in the last hour today. when you have time, look at the E/U’s reaction to such. had i stayed with it this afternoon, at quick glance tells me i gave up the possibility of a TP, 10X trade, and a TP PV trade, in which you actually had two chances to enter, depending on how you may play the PVs. i think chasing asked why i trade this time slot a couple of days ago. now the above does not happen all the time and many times the moves are not as pronounced, but this activity is why i trade this time. NOW, THIS NEXT PART IS IMPORTANT, I AM NOT BEMOANING THE FACT THAT I BAILED EARLY. I KNEW THIS COULD HAPPEN WHEN I QUIT, BUT, IN ALL HONESTY, I WAS HAPPY WITH THE THREE. some of you may find that hard to believe or understand, i know, but that’s me.
later,
g, b.