Sam Seiden "Transcripts" from fxstreet

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bredin
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Postby bredin » Thu Mar 18, 2010 5:14 am

He he, ive been using it to scalp, grabbed a nice 9 pips on EJ (headed back down) which was nice, dumped the trade to eat dinner, and could have had 35 more, which was an expensive dinner.... Lets just say I could have taken my family to a VERY nice restaurant :)

sorry no screenshot.

G.
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Postby Humble » Thu Mar 18, 2010 7:25 am

Nice change from it happening in the middle of the night.

Although when NY does it I think bugger, when it's London I think I could have got that!
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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bredin
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Postby bredin » Thu Mar 18, 2010 8:17 pm

I was quite agressive on demo last night (early london) in order to demonstrate some stuff to myself, making a lot more trades than I usually do in a few hours. After all that I ended up almost exactly even, but learnt some stuff.
1. ALL (and I do mean all) my failed trades were taken outside a zone back towards the most recent zone. some of these were in profit, but never hit tp. I was definatly trying to hit a reverse based on s/r.
2. A FEW winners were taken outside a zone. I must consider just being lucky as the reason for success in these instances
3. ALL trades taken at a zone were winners, in fact these two trades made up all my losses, and the larger of them hit tp after I went to bed, tp was at a zone, and guess what, price went and reversed off the zone for what would have been another big winner..... The big trade (on gu) was a confluence I had a M5 zone, daily high, I eneterd at the zone, a RED RAT entry immedialy followed.

One or two more modifications to the new version and them Im ready for release.

G.


Cant wait for tonight.

G.
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Brookmyre
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Postby Brookmyre » Thu Mar 18, 2010 11:39 pm

Bredin, by 'outside a zone' do you mean somewhere in between s/d and not directly off a zone or something else...?
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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bredin
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Postby bredin » Fri Mar 19, 2010 12:57 am

New version, Im sure theres something else on the list, but I cant remember at the moment.

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I might start a new thread and post the indis Ive released there.

G.
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Postby jahjahblessed » Fri Mar 19, 2010 4:18 am

great idea Bredin indicator works beautifully liking it, big up your self
transform to PIP"S FARI

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Postby pablo101 » Fri Mar 19, 2010 6:17 am

Thank you bredin, another tool added to the arsenal :)
What line? The line that tells you which way you are trading! - MO

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bredin
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Postby bredin » Fri Mar 19, 2010 6:20 am

thanks jahjah. I appreciate that soeone otehr than myself is finding it helpful.

G.(still putting together stuff for the indi thread, posting soon, really I am)
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Postby roger_over » Fri Mar 19, 2010 7:19 am

Thanks for your contribution G always helps to be able to see a target
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PTG
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Postby PTG » Sun Mar 21, 2010 1:28 am

Bredin, nice work on your indicator.

Don't forget to take into account something that has been explained in the NLA thread: the bigger picture ! You can stack the odds in your favour.

Another thing is risk- and money management. It has all been explained on Kreslik, mainly in the NLA thread.

Running trade picture below; connect the dots !

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