3 losses in a row was a good thing, because I can now focus on the exits/stops. There are several methods to enter the markets (for eg: PB, IB, EB etc), but exit is equally important as exit determines the closing balance of our account. When I ...

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

3 entries and all stopped out for a loss. Isn't this the time when we get the itch to improve the "System"!!

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

Daily Charts — Hello everyone, With respect to Daily charts, I find that charts where candle starts at 0:00 GMT have more weight than the others. The broker I use is IG Markets and they have two set of charts. One where the candle forms at ...

Consistent trading

Threads every newbie or seasoned trader should visit — There is a lot of gold on this site, and every newbie should familiarise themselves with the following threads: Feb2865's The System - url Jaroo's - The DIBS Method - url Pipeasy's - ...

Consistent trading

Results for week ending 08/04/12 — Ok, so we have the results for weekending 08/04/12. Closed trades: AUD/USD - (-31 pips) NZD/USD - (-25 pips) (Corrected from 15 pips - 05/04/12) Open positions: Gold - Short - EB - Short @ 1639 (-2) Stop ...

Consistent trading

Welcome FX_California!

Consistent trading

Happy Easter everyone!! Given that it's a long weekend (well here in Australia it is.), I expect the liquidity to be below average in all the world markets, so everyone out there using market makers, be very very wary! As this thread will be ...

Consistent trading

OK, NZD stopped for 15 pip loss 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 ...

Consistent trading

From the 4 identified yesterday, 3 orders were picked up. AUD,NZD and Gold open. USD/JPY to be cancelled if not opened at 00:00 GMT. View of the markets this morning: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - No EB - No Trade ...

Consistent trading

Aussie and Kiwi picked up!

Consistent trading

A few exciting one's this morning: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - EB - Short @ 1.0301 (-5) Stop @ 1.0465 (+5) EUR/USD - Long - No EB - No Trade GBP/USD - Long - No EB - No Trade NZD/USD - Short - EB - Short @ .8167 (-5) ...

Consistent trading

Couple of things I want to clear up before I move forward: 1. I am well aware of the correlations between currency pairs but I see currency pairs on their own merit, therefore selection of major currency pairs only. 2. The engulfing pattern I am ...

Consistent trading

I'll document my views in the following manner: Market - Bias - EB (yes/no) - Long/short @ AUD/USD - Short - No EB - No Trade EUR/USD - Long - No EB - No Trade GBP/USD - Long - No EB - No Trade NZD/USD - Short - No EB - No Trade USD/CAD - Short - No ...

Consistent trading

Morning, I look for trades right after the NY close. If a pattern has completed, it should have completed at this time. My charts are GMT charts though, so there is a good chance that they may not match what you have. For consistency sake, charts ...

Consistent trading

Thanks Seabreeze. Love the "Seabreeze" name. I live in Australia and beach is the thing. There is something about the cool ocean breeze!!

Consistent trading

Welcome SMcGuire. I agree, 60mm does have excellent stuff going on his thread.

Consistent trading

When I started trading about 5 years ago, I had no idea what I was doing. Buy and hold was the game then. I know I was silly. Then came the GFC, Oh boy, did that shake me. Now I look at the past and see a great opportunity which went past me. I ...

Consistent trading

Hi Bluesteele, Indeed. I do not dispute that. The journal is here to document my experiences during this journey towards consistency. I am open to changing the trade management side of things, but entries are not negotiable. Regards, Pip.

Consistent trading