Skaven's Road to the Banks

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SkavenDC
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Skaven's Road to the Banks

Postby SkavenDC » Fri Jun 04, 2010 12:15 pm

So, here it is. I have decided to keep on on-line journal. I will post all my sucesses here. Positive thinking does not allow for me to have failures; however, since those shall and will happen as well, I will post those here to. Perhaps if I am doing something wrong, somebody on this board will point it out and help guide me in the right direction. Or laugh. At least it will be something.

Since I am just getting started and set back up, I have no charts to post yet (except for the problem that will be posted further down in the thread). Upon reading through the NLA thread and dabbling in the Drain the Bank threads, I offically have information overload. So, I will go through it again (I got up the the page 150 range....zLine area) while focusing on the basic of basics. All I am looking at now is the SweetSpots (xx00, xx25, xx50, xx75) and the Buzzards. The concepts are simple. I have actually been trading them for a couple weeks on demo and went live this week. I'm not exactly "Draining the Banks" yet, but I am sticking to my money management and doing very well. At least by my standard.

Looking at my detailed statement, I have made 12 trades this week (mostly SweetSpot trades). 9 wins with 3 losses. I feel comfortable with the trades. 9 good solid trades that went exactly where I "SAW" them going. In fact, 2 of the 3 losers were good trades too. The first was a pending order that I saw was not going to go where I wanted it to go. As I was in the process of deleting the order, it hit my price. Instead of closing the order instantly with only my spread loss, I tried to ride it out and gain something. My mistake, lesson learned. The second was a good trade that simply went against me. It will happen in Forex and I still feel good about it. Those two trade happened back-to-back, so my day was over with only a 0.5% loss to my account (I had two winners before that). The last losser was operator error on my part with the trading platform. Hit the wrong button.

I don't know exactly what I am "seeing" yet, but I do see something. I confidently entered those trades (except for my error), and they did exactly what I thought they would. I didn't get greedy and took some pips. Almost 3% on my account in the 3 days I traded. I am done for this week (since I got 2% today trading the Buzzards) and I look forward to a weekend of reading and the upcoming trading week. As I get set-up more, I will post what I do (with charts) as well as my methods with my trading rules in greater detail. Until then.

Good Trading
Edward
Last edited by SkavenDC on Fri Jun 04, 2010 6:16 pm, edited 1 time in total.

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SkavenDC
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Postby SkavenDC » Fri Jun 04, 2010 12:16 pm

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SkavenDC
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Postby SkavenDC » Fri Jun 04, 2010 12:17 pm

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Postby SkavenDC » Fri Jun 04, 2010 12:18 pm

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The questions - Pt. 1

Postby SkavenDC » Fri Jun 04, 2010 12:37 pm

Just a question and a problem. Not trading related. Forum and indicator related.

Forum question.

What is the easiest way to post here? I tried typing my message in MS Word and pasting it into the message box, but got alot of errors (I forget the actual error message). I fixed it by just typing it in on the forum. However when I do that, and the message gets too big for the box, it does not stay when I am typing. Once it gets past the size of the box where is should scroll down, it stays at the beginning of may message and "snaps" down with each character I type then "snaps" back to the beginning. It's annoying and difficult to type longer messages. Anybody else have this issue or is it just me?

Indicator problem.

I seem to be having a problem with the CandleColor indicator. I noticed it this morning. As you can see in the picture below, the current hour bar does not correlate with the indicator. Bar is down, but indicator says up. I noticed it on Eur/Gbp and Eur/Jpy. I removed and re-added. I switched time frames. I re-dragged the pair back onto the chart. I shutdown and restarted. This only appears to be happening on my live account as my demo appears to be fine. I also do not know how many pairs it is doing this on. If it matters, my account is an IBFX mini account, but so is my demo. I have not had the opportunity to search the forum yet for a solution, but I will this weekend. Just didn't know if anybody had an answer to the problem. Or at least tell me where I could find the answer.

Image

Thanks in advance.

Good Trading,
Edward

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bredin
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Postby bredin » Fri Jun 04, 2010 1:08 pm

Ive had the first problem several times, most recently on facebook using firefox. It went away after firefox updated. If its persistent try another browser (chrome, opera, even IE if youre desparate enough) or use notepad to type your message as its just a text editor, nothing fancy.

As to the second problem, it makes no sense to me at face value, but you might just want to make sure that it is exactly the same indicator in both platforms- it may be differing versions with incorrect math in one of them. Are ALL the tfs showing the wrong color?

G.
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SkavenDC
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Postby SkavenDC » Fri Jun 04, 2010 3:05 pm

Bredin

Thanks for the browser input. I'll try another one. Actually I was using <cough><looks both ways> IE.

bredin wrote:As to the second problem, it makes no sense to me at face value, but you might just want to make sure that it is exactly the same indicator in both platforms- it may be differing versions with incorrect math in one of them. Are ALL the tfs showing the wrong color?

G.


The same file was copied from my master Indicator file and then copied to the Demo and Live MT4 folders, so it is the same file. The time frame did not affect the indicator (as it shouldn't), but most of the directions were wrong. Also, EUR/USD and GBP/USD were working just fine with all candle colors being correct. I noticed AUD/USD was right as well, but USD/JPY was wrong.

Regards,
Edward

PS - As I type this at my work computer, the scrolling issue doesn't happen here. Must be my home copy of <cough> IE.

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Postby Humble » Sat Jun 05, 2010 2:02 am

When the "CAN" indi does not show correctly, does it change or does it appear to be stuck?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby TygerKrane » Sat Jun 05, 2010 9:38 pm

Congrats on starting a journal, SkavenDC!
Mine is helping me tremendously, it's developed differently than how I expected from when I first started it, but its definitely all good!!

Sorry, I can't help with the CAN issue, have you fixed it yet?

~Krane

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

SkavenDC
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Postby SkavenDC » Mon Jun 07, 2010 11:35 am

Humble wrote:When the "CAN" indi does not show correctly, does it change or does it appear to be stuck?


That particular chart appeared to be "stuck", while others were moving but just wrong and some were working just fine. I just reinstalled everything and it appears to be working fine now.

TygerKrane wrote: Congrats on starting a journal, SkavenDC!
Mine is helping me tremendously, it's developed differently than how I expected from when I first started it, but its definitely all good!!


Thank you. I too do not know yet how it will develop, but I would imagine slowly at first. I do enjoy reading yours.

Good Trading
Edward

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