Don4

Hey walter, i have been playing around with different ways of using money management with this setup. I was auctually in a free trade on that one,but didnt give the runner time to do its job. But i was happy with the pips made. Still getting use to it and just trying to figure out what works best for me.

Here was another perfect flip, on the euro/usd.

No trades today.

Again stoped out for -2%, I have been looking at Walters flip trade here on the forums anyone that hasnt checked it out yet needs to look into it, its a very nice set up!!! I just started trading it live (with a very small amount) just trying to get a feel for it under live conditions. But still trading my main system as planned.

This trade just happened, I got in even with spread, with stops of 5 pips below sopport and take profit of 10pips, price went up so fast i auctually made 13 pips. Thanks Walter!!

Walter,just wanted to think you again for this thread ! As i said before right now im only trading forex and i see this setup(flip) time and time again. Looking forward to your new thread!!

Today, i was short stoped out -2%.

While i was surfing some trading forums today i came across this free e-book called Mental Fitness For Traders by Norman Hallett so i just thought i would pass it on, a very good read, enjoy!! http://www.tradingsuccessroadmap.com/mentalfitness.pdf

Sure,cooter.

While i was surfing some trading forums today i came across this free e-book called Mental Fitness For Traders by Norman Hallett so i just thought i would pass it on, a very good read, enjoy!! http://www.tradingsuccessroadmap.com/mentalfitness.pdf

Pretty tuff week, monday and tuesdays trades was well in profit but didnt make it, on top of that im now facing my biggest drawdown since starting. I do have a set limit of loses that im willing to take before i step back and take another look at my system to see if some changes need to be made but i dont want to change it prematurely. As for now im still a good ways off, so on with my plan and we will see what happens. Total Pips- +132 Equity- +11.4% Win%- 38.64%

Today, i was long stoped out before the news, be back later for my weekly wrap up.

"Without discipline, you really have no method in the first place". Bob Prechter

I have been using EFX for a little over 2 months and so far i am very happy with the execution. I mostly place orders before the london session and trade the pound. News usually triggers my trades and slippage is very rare,but the most was 3 pips. Although commission are higher than the others the spread usually runs from even to 2 pips on the majors most of the time.

TP hit at 1.9805.

been long most of the morning looking for tp of 1.9805 was close within 6 pips but no cigar. Just have to wait and see what happens.

Walter, just wondering if you missed post 70.

No trades today!

Hey Walter, something that i keep noticing while looking at your system in that once price breaks the outer band then crosses back through the zero band does it form strong support and resistance, was wondering if you noticed the same thing.

Todays trade stoped out,this is now my biggest drawdown since starting this journal. Its tuff to see so many trades in the green only to turn and be stopped out, but like i said at the start i knew this going into it. So i just have to stick my plan. MaxDrawdown.xls

Yesterdays trade stoped out, had long sig this morning with tp of 1.9906 had a high of 1.9899 but could not get that extra push up,price is now back around 1.9852.

Ok, Ive been short all day not much movement (holiday). Looking for TP of 1.9807.

Hey walterw, well i just wanted to say thanks for keeping this thread going , i sat down last night and started reading and i tell you what u have a nice simple system going here, although its been awhile since ive had any indiacators on my charts,i did put them up and followed along most of the trading day. I wanted to take your principals and apply them to forex. To see what would happen and i would say it would have been a good day!! But again thanks for your time and wisdom!! Here are 2 flip trades back to back for the same pair.

Was short today stopped out -2%. Total Pips- +146 Equity- +14% Win%- 40%

Stopped out today -2%.