View of the markets this morning: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - No EB - No Trade EUR/USD - Short - No EB - No Trade GBP/USD - Long - No EB - No Trade NZD/USD - Short - No EB - No Trade USD/CAD - Short - No EB - No ...

Consistent trading

View of the markets this morning: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - EB - Short @ 1.340 (-5) Stop @ 1.0416 (+5) Target 97 EUR/USD - Short - No EB - No Trade GBP/USD - Long - No EB - No Trade NZD/USD - Short - EB - Short @ ...

Consistent trading

Perception of trend!! — Trend can mean different things to different people. Someone using 200 MA can see the current trend as bullish, where as someone using 50 or 20 MA can see it as bearish. And then there is trend within timeframes, can be ...

Consistent trading

Hello SmcGuire, That's so true. The daily setups will give pips, It's just a matter of time. My intention is to continue doing this excercise for a year, if I can consistently profit, I intend to continue down this path. Regards, Pip.

Consistent trading

View of the markets this morning: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - No EB - No Trade EUR/USD - Short - No EB - No Trade GBP/USD - Long - No EB - No Trade NZD/USD - Short - No EB - No Trade USD/CAD - Short - No EB - No ...

Consistent trading

I want you guys to have a look at the attached image. It's from forexfactory as well and basically displays the money flow during trading sessions. As you can see, London and New York session are the movers in this market. So if a pattern is formed ...

Consistent trading

Hello mate, Apologies, I should have made it clearer. As I trade the daily time frame, I take signals at NY close (5 PM EST). I do not intend to look at the chart until next day (5 PM EST). The charts I look at are similar to the charts at ...

Consistent trading

G'day SMcGuire, Thanks for your recommendations. No I have not tried with H4, simply because I wasn't able to commit to that timeframe. However, I have looked up H4 and H1 and both of these time frames offer some serious pips. Your point about the ...

Consistent trading

It's back!! — It has been 2 weeks + since I started this thread. And with no visible gains, the itch to change the system is back. Believe it or not, I did add a few indicators on the charts this morning to see if there was a way to filter out ...

Consistent trading

Good Morning, I was away yesterday so did not get an oppurtunity to post: View of the markets this morning: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - No EB - No Trade EUR/USD - Short - No EB - No Trade GBP/USD - Long - No EB - No ...

Consistent trading

Managing stops and targets — On the 10/04, I talked about managing stops and targets. I have identified an inherent flaw with that. So I have to adjust it. Targets - ATR (14). This has not been changed. Stop - ATR (14). As per the volatility ...

Consistent trading

Results for weekending 15/04/12. — Results for weekending 15/04/12. Closed trades: Gold - Short - EB - Short @ 1639 (-2) Closed @ 1643.51 due to gap over the previous weekend (-65 pips) AUD/USD - Short - EB - Short @ 1.0248 (-5) Stop @ 1.0356 ...

Consistent trading

Regarding -+5 — Hello Mrsword, Regarding +- 5 pips, It's just easy this way. Why? Well, most majors have a spread between 1-3 pips, and the spread can expand/contract during certain times of the day. So to ensure that my orders don't get ...

Consistent trading

Hello FX_California, Thanks for your kind words. There are many ways to trade the markets, and if you can be consistent with your approach, there is a sliver of hope in the dark days of drawdown. I have reached a state where losing money does not ...

Consistent trading

Baptême du feu!! — I must admit, 5 losses in a row is frustrating. How many times have we moved away from something we believed in, after hitting series of losses? Mental challenge and the continuous fight with self to stay consistent and ...

Consistent trading

View of the markets this morning: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - No EB - No Trade EUR/USD - Short - No EB - No Trade GBP/USD - Long - No EB - No Trade NZD/USD - Long - No EB - No Trade USD/CAD - Long - No EB - No Trade ...

Consistent trading

View of the markets this morning: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - No EB - No Trade EUR/USD - Short - No EB - No Trade GBP/USD - Long - No EB - No Trade NZD/USD - Short - No EB - No Trade USD/CAD - Long - No EB - No Trade ...

Consistent trading

Thanks Seabreeze.

Consistent trading

Hello dmostpips, you are correct. There are no open trades and the others are pending. Once a trade is triggered, it will be moved under the Open Trades section. Cheers, Pip.

Consistent trading

View of the markets this morning: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - EB - Short @ 1.0248 (-5) Stop @ 1.0356 (+5) Target 98 EUR/USD - Short - No EB - No Trade GBP/USD - Long - No EB - No Trade NZD/USD - Short - EB - Short @ ...

Consistent trading