Hi bo_brown, i read this thread since 2 weeks and its very good to see that your results get better and better. I trade bo's since 2 month now. I would like to know the name of this arrow-indicator, can you tell me please?
This morning got really crazy with the ECB news. I did not take any trades. I saw some trades that I did not take because they did not meet my criteria. I like to take trades on the 5 min chart that are reversing back to the same direction of the 15 min chart. Later, I dropped a trendline on a chart this morning that actually showed a nice trade that I did not take only because I was trying to stick to my system triggers. I did not get a light blue signal arrow, so I just waited. I wanted to post it anyway, because it shows that price action is king, and systems are not perfect.
Hi bo_brown, i read this thread since 2 weeks and its very good to see that your results get better and better. I trade bo's since 2 month now. I would like to know the name of this arrow-indicator, can you tell me please?
Thank you and more profits to you!
Thanks for the nice comment. I bought this arrow indicator system. I will post the link, but I want to emphasize that I am not an affiliate nor will I get compensation if you purchase the system. http://putoption-calloption.com/
I snuck in one winner before NFP. Market is skittish right now. Probably should have stayed out, but I got lucky. I caught a little bounce off of a support area. Nov 08, 07:12:11 USD/CAD 1.04590 1.04597 Nov 08, 07:20:00 $20.00 75% $35.00 ITM
I usually like to stick to the morning session only, but I got up late, so I took a trade in the Asian session tonight. It worked out great. I noticed the system I bought and trade with places the trade alert arrows on support and resistance. I like that because it is actually reinforcing me to trade price action. This trade was ready when price started to drop, along with the "BB trigger" yellow line dropping towards the zero line. ITM. Nov 11, 22:15:59 USD/CAD 1.04850 1.04846 Nov 11, 22:25:00 $10.00 85% $18.50 ITM
Sheesh, I have a loser to post here. You win some, and you lose some. I followed the rules on this one, but it didn't cooperate. I am puzzled,though. I watch MT4 for trade entries, then jump over to MW to place a trade. Then, I go back to MT4 to place a horizontal line on the chart to indicate my strike price. The price MW gave me (marked in green) seems very high compared to where the candles are at on MT4. Nov 12, 07:04:55 AUD/JPY 92.9410 92.9200 Nov 12, 07:10:00 $18.00 75% $31.50 otm
I am very happy about my trade today. I found gold price hitting resistance under a trendline and heading back down. I took the trade. Entry price is the red line. It was a 30 min expiry and closed below my strike ITM. Nov 13, 08:00:35 GOLD 1277.20 1277.07 Nov 13, 08:30:00 $5.00 75% $8.75 ITM
Today I had a simple trade on Gbp/Usd using just price action. I found a pin bar showing me bullish pressure to push price up. This was on Nadex demo. I will probably open a live account on Nadex tomorrow and try not to blow it this time.
Your position in the GBP/USD >1.6040 (3PM) contract was settled on Thu Nov 14 15:00:13 EST 2013. The details of your settled position are shown below for your reference:
I have a bitter sweet trade from the Asian session. It was my first real money trade on Nadex, since I made a new deposit with them. I sold a spread contract. I should've sold a binary contract. Without going into all the details, spreads payout very generously if you have some momentum. Binaries pay out like any other binary. Above or below your strike price. Nadex offers both spreads and binaries. So, as you can see my entry candle is marked with a vertical line. I used this line to switch over to the 1 HR chart to confirm the price direction before placing my trade on the 15 min chart. I am tooling with another indicator. So far, so good. I lost $1 on my spread contract, but it is too complicated to explain why. I will stick to binary contracts until I have more success on Nadex. A binary contract would have been in the money on this trade. Your position in the EUR/USD 1.3420-1.3520 (12AM) contract was settled on Tue Nov 19 00:00:04 EST 2013. The details of your settled position are shown below for your reference:
Tuesday I took another trade on Nadex. I don't know why, but I seem to pick losing trades on Nadex. I had confirmation on the 15 min, 30 min, 4hr and daily charts of a downward price movement. But everything changed in the candles following my entry. I took a 2 hour option contract. It expired on the candle with the yellow X. Your position in the USD/CAD >1.0434 (10AM) contract was settled on Tue Nov 19 10:00:06 EST 2013. The details of your settled position are shown below for your reference:
I am inspired and embarrassed at the same time. I spent a couple of months experimenting with other systems, but I am back to the %R system that I started out this thread with. I have a serious problem of being impatient, and I "jump ship" as soon as I don't get my way. I need to work on my discipline. My first 2 trades on my old %R system won today. The entry candle is marked with a horizontal red line, and the winning candle at expire is marked with a yellow checkmark.
Nov 20, 07:39:28 EUR/USD 1.35240 1.35233 Nov 20, 07:45:00 $1.00 72% $1.72
Nov 20, 07:58:48 AUD/JPY 93.8765 93.7310 Nov 20, 08:05:00 $2.00 75% $3.50
Another winning trade this morning. I want to see if I can get 10 wins in a row...this is #3. It expired and was pretty tight. I liked the trade because it bounced of off resistance indicated by the yellow horizontal line.
Nov 21, 07:24:00 GBP/USD 1.61323 1.61319 Nov 21, 07:30:00 $5.00 95% $9.75
2 out of 3 winners today. And the one loser I had went my way right AFTER it expired. I will post my loser chart first, and then the chart right after my expired trade to show how very close it was. At least I was on the right track with it. Nov 22, 07:27:25 AUD/JPY 92.8840 92.9050 Nov 22, 07:35:00 $5.00 80% $9.00
Now look where it goes just minutes after I lost....I jumped in too early. My MA's did not cross yet. Patience, learn it, live it.
Yikes! I started off Tuesday with a loss. But I recovered quickly. ( after a cup of coffee to help me focus ) Here's my chart that just didn't go my way... Nov 26, 06:13:25 USD/CAD 1.05418 1.05399 Nov 26, 06:20:00 $10.00 85% $18.50 otm
Here are 2 charts of my winners from Tues morning...
1st up, I found a nice rejection off a down trendline. The line was placed on a 1 hour timeframe, then I dropped down to the 5 min chart to look for an entry. This is why the trendline is not matched up perfectly on this chart with some of the previous highs.
Nov 26, 06:47:44 GOLD 1251.71 1251.35 Nov 26, 06:55:00 $15.00 80% $27.00
In this chart, I marked support/resistance levels with orange lines. I dropped down to the 1 min charts to time the trade as soon as it was rejected by this level, then I went back to the 5 min chart to watch it play out.
Nov 26, 06:59:40 EUR/USD 1.35477 1.35450 Nov 26, 07:05:00 $15.00 75% $26.25
I'm really getting into my "Zombie Zone" this week. I am getting to that methodical place, where I just repeat steps 1-2-3 over and over. Today I went 3 out of 4. Not bad for the day before a major U.S. holiday. First trade was a winner on gold, Nov 27, 06:45:39 GOLD 1252.52 1251.79 Nov 27, 06:55:00 $10.00 72% $17.20
Nov 27, 07:39:45 GOLD 1250.82 1251.30 Nov 27, 07:45:00 $10.00 72% $17.20
I looked at the chart a little bit later, and it shows price moved to where I expected it to. If I had opened with a longer expire time...shoulda coulda woulda...
After work today, I was on skype with a buddy looking at the charts. I found my next two winning trades in this evening session. This one set up with my indicators to drop, but I had to wait for it to drop down through support to have a good trade. Nov 27, 21:25:24 AUD/USD 0.91208 0.91162 Nov 27, 21:35:00 $10.00 72% $17.20
First the loser. I thought I had a trend change,but it lost momentum and did not drop as planned. Nov 28, 20:50:10 USD/CAD 1.05959 1.05960 Nov 28, 21:00:00 $10.00 75% $17.50 otm
Geeez Louise! Black friday was more like RED friday for me! I am sooooo ready for next week to start fresh. 3 losers today... Nov 29, 06:35:28 EUR/USD 1.36093 1.36102 Nov 29, 06:45:00 $10.00 80% $18.00 otm
and then, 3 minutes later, the market spits in my face...
Comments
Nov 06, 07:13:50 GBP/USD 1.60922 1.60934 Nov 06, 07:20:00 $10.00 80% $18.00
Nov 06, 07:25:20 USD/CAD 1.04457 1.04432 Nov 06, 07:35:00 $10.00 75% $17.50
I trade bo's since 2 month now.
I would like to know the name of this arrow-indicator, can you tell me please?
Thank you and more profits to you!
Later, I dropped a trendline on a chart this morning that actually showed a nice trade that I did not take only because I was trying to stick to my system triggers. I did not get a light blue signal arrow, so I just waited. I wanted to post it anyway, because it shows that price action is king, and systems are not perfect.
http://putoption-calloption.com/
Nov 08, 07:12:11 USD/CAD 1.04590 1.04597 Nov 08, 07:20:00 $20.00 75% $35.00 ITM
This trade was ready when price started to drop, along with the "BB trigger" yellow line dropping towards the zero line. ITM.
Nov 11, 22:15:59 USD/CAD 1.04850 1.04846 Nov 11, 22:25:00 $10.00 85% $18.50 ITM
I am puzzled,though. I watch MT4 for trade entries, then jump over to MW to place a trade. Then, I go back to MT4 to place a horizontal line on the chart to indicate my strike price. The price MW gave me (marked in green) seems very high compared to where the candles are at on MT4.
Nov 12, 07:04:55 AUD/JPY 92.9410 92.9200 Nov 12, 07:10:00 $18.00 75% $31.50 otm
Nov 12, 07:20:40 USD/CAD 1.04990 1.04975 Nov 12, 07:30:00 $10.00 72% $17.20 itm
Nov 13, 08:00:35 GOLD 1277.20 1277.07 Nov 13, 08:30:00 $5.00 75% $8.75 ITM
Your position in the GBP/USD >1.6040 (3PM) contract was settled on Thu Nov 14 15:00:13 EST 2013. The details of your settled position are shown below for your reference:
Settlement Details:
Contract: GBP/USD >1.6040 (3PM)
Quantity: 1
Expiration Value: 1.60569
Payout Amount: $100
Your positions and account balance have been updated accordingly.
So, as you can see my entry candle is marked with a vertical line. I used this line to switch over to the 1 HR chart to confirm the price direction before placing my trade on the 15 min chart. I am tooling with another indicator. So far, so good. I lost $1 on my spread contract, but it is too complicated to explain why. I will stick to binary contracts until I have more success on Nadex. A binary contract would have been in the money on this trade.
Your position in the EUR/USD 1.3420-1.3520 (12AM) contract was settled on Tue Nov 19 00:00:04 EST 2013. The details of your settled position are shown below for your reference:
Settlement Details:
Contract: EUR/USD 1.3420-1.3520 (12AM)
Quantity: -1
Expiration Value: 1.35078
Payout Amount: $12.20
Your position in the USD/CAD >1.0434 (10AM) contract was settled on Tue Nov 19 10:00:06 EST 2013. The details of your settled position are shown below for your reference:
Settlement Details:
Contract: USD/CAD >1.0434 (10AM)
Quantity: -1
Expiration Value: 1.04469
Payout Amount: $0
My first 2 trades on my old %R system won today. The entry candle is marked with a horizontal red line, and the winning candle at expire is marked with a yellow checkmark.
Nov 20, 07:39:28 EUR/USD 1.35240 1.35233 Nov 20, 07:45:00 $1.00 72% $1.72
Nov 20, 07:58:48 AUD/JPY 93.8765 93.7310 Nov 20, 08:05:00 $2.00 75% $3.50
It expired and was pretty tight. I liked the trade because it bounced of off resistance indicated by the yellow horizontal line.
Nov 21, 07:24:00 GBP/USD 1.61323 1.61319 Nov 21, 07:30:00 $5.00 95% $9.75
Nov 22, 07:27:25 AUD/JPY 92.8840 92.9050 Nov 22, 07:35:00 $5.00 80% $9.00
Now look where it goes just minutes after I lost....I jumped in too early. My MA's did not cross yet. Patience, learn it, live it.
Nov 22, 07:46:04 AUD/USD 0.91739 0.91662 Nov 22, 07:55:00 $10.00 80% $18.00
Nov 22, 07:58:41 GBP/USD 1.62038 1.62030 Nov 22, 08:05:00 $5.00 72% $8.60
Nov 24, 18:28:01 AUD/JPY 92.8810 92.8690 Nov 24, 18:35:00 $5.00 75% $8.75
Nov 24, 19:05:08 USD/JPY 101.258 101.230 Nov 24, 19:15:00 $5.00 80% $9.00
Nov 24, 20:25:38 GOLD 1242.84 1242.50 Nov 24, 20:35:00 $10.00 80% $18.00
Here's my chart that just didn't go my way...
Nov 26, 06:13:25 USD/CAD 1.05418 1.05399 Nov 26, 06:20:00 $10.00 85% $18.50 otm
1st up, I found a nice rejection off a down trendline. The line was placed on a 1 hour timeframe, then I dropped down to the 5 min chart to look for an entry. This is why the trendline is not matched up perfectly on this chart with some of the previous highs.
Nov 26, 06:47:44 GOLD 1251.71 1251.35 Nov 26, 06:55:00 $15.00 80% $27.00
In this chart, I marked support/resistance levels with orange lines. I dropped down to the 1 min charts to time the trade as soon as it was rejected by this level, then I went back to the 5 min chart to watch it play out.
Nov 26, 06:59:40 EUR/USD 1.35477 1.35450 Nov 26, 07:05:00 $15.00 75% $26.25
Today I went 3 out of 4. Not bad for the day before a major U.S. holiday.
First trade was a winner on gold,
Nov 27, 06:45:39 GOLD 1252.52 1251.79 Nov 27, 06:55:00 $10.00 72% $17.20
Nov 27, 07:39:45 GOLD 1250.82 1251.30 Nov 27, 07:45:00 $10.00 72% $17.20
I looked at the chart a little bit later, and it shows price moved to where I expected it to. If I had opened with a longer expire time...shoulda coulda woulda...
This one set up with my indicators to drop, but I had to wait for it to drop down through support to have a good trade.
Nov 27, 21:25:24 AUD/USD 0.91208 0.91162 Nov 27, 21:35:00 $10.00 72% $17.20
Nov 27, 21:26:49 AUD/JPY 93.0660 93.0360 Nov 27, 21:35:00 $10.00 72% $17.20
First the loser. I thought I had a trend change,but it lost momentum and did not drop as planned.
Nov 28, 20:50:10 USD/CAD 1.05959 1.05960 Nov 28, 21:00:00 $10.00 75% $17.50 otm
Nov 28, 22:39:08 AUD/JPY 93.0245 93.0040 Nov 28, 22:45:00 $10.00 80% $18.00 ITM
Nov 29, 06:35:28 EUR/USD 1.36093 1.36102 Nov 29, 06:45:00 $10.00 80% $18.00 otm
and then, 3 minutes later, the market spits in my face...