5 Seconds L System

89
Page 1 of 7 1 2 3 4 5 > Last » Show 40 post(s) from this thread on one page Forex Factory (http://www.forexfactory.com/forum.php) - Trading Journals (http://www.forexfactory.com/forumdisplay.php?f=49) - - 5 Seconds " L " (http://www.forexfactory.com/showthread.php?t=164375) Tony112 Apr 20, 2009 4:43am 5 Seconds " L " 1 Attachment(s) HI EVERYONE, I HAVE MOVED MY THREAD TO JOURNALS for 2 reasons. I do this to keep track of my trading and I don't permit indicators/EA to trade for me Still, Feel free to follow and comment This is my new system. It requires patience and practice to recognize. Stop-Loss should be placed at "0" as soon as price falls a few pips to minimize or "eliminate" losses. I will update with every trade I take (win or lose). Let's make it. EUR/USD TRADED ONLY

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Tony112 Apr 20, 2009 4:43am

5 Seconds " L " 1 Attachment(s)

HI EVERYONE,I HAVE MOVED MY THREAD TO JOURNALS for 2 reasons. I do this to keep track ofmy trading and I don't permit indicators/EA to trade for meStill, Feel free to follow and comment

This is my new system. It requires patience and practice to recognize. Stop-Loss should be placed at "0" assoon as price falls a few pips to minimize or "eliminate" losses. I will update with every trade I take (win orlose).Let's make it. EUR/USD TRADED ONLY

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Tony112 Apr 20, 2009 5:08am

1 Attachment(s)Possible entry missed

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Tony112 Apr 20, 2009 5:13am

One promise I have to make is that my SP will never exceed 5 pips for the rest of my trading days. Max TPmay be changed.

Tony112 Apr 20, 2009 5:16am

1 Attachment(s)Flat WMA = no trading = no volatility

Tony112 Apr 20, 2009 5:36am

1 Attachment(s)THIS is more of a Centra-Banks&Big Players entry method... guaranteed NO LOSS is set here

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cesare76fx Apr 20, 2009 7:49am

Very interesting Tony, I use the same concept on the 5min chart, by entering the breakout afetr a pullback (theconcept of The SystemII http://www.forexfactory.com/showthread.php?t=80290).Your L formation also reminds me of the flags formation a bit. It all makes sense, only prob is my 2pips spread

on EU, but I will watch the 5sec and your thread closely.

ashur123 Apr 20, 2009 1:27pm

Interesting system tony, thanks for posting it up. Do you trade the open London session and NY session?

NerryE Apr 20, 2009 3:03pm

Hi Tony, Is this possible on MT4? If yes, how? I love to see new things. Thanks. Nerry.

fxbrain Apr 20, 2009 4:41pm

hi tony,

i use a similar system on the 30 seconds-chart. how big is your spread on EU?

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Tony112 Apr 20, 2009 9:13pm

Quote:

Originally Posted by ashur123 Interesting system tony, thanks for posting it up. Do you trade the open London session and NYsession?

My pleasure... of course London and NY open makes things move... that's the only time I trade, with big

volatility... WMA150 on a 5 sec chart confirms volatility when price diverges far away from it

Tony112 Apr 20, 2009 9:23pm

Quote:

Originally Posted by NerryE Hi Tony, Is this possible on MT4? If yes, how? I love to see new things. Thanks. Nerry.

Hi, I don't know I stare at the screen all night... I like to have my brain and hands on this...

Tony112 Apr 20, 2009 9:25pm

Quote:

Originally Posted by fxbrain hi tony,

i use a similar system on the 30 seconds-chart. how big is your spread on EU?

My spread is 0.9.... 30 sec is good but I like to watch the price action power on the smallest time-frame tooptimize entry and almost eliminate my losses...

Tony112 Apr 20, 2009 11:20pm

no playing currently, the WMA is hugging and tangling with the price. There's no trading to be done here...

Oksana17 Apr 21, 2009 12:06am

Quote:

Originally Posted by Tony112 currently, the WMA is hugging and tangling with the price. There's no trading to be done here...

Hey Tony.So you trade the 5-second chart yes?How bout' you don't cherry pick the trades and show us some losses.Dan.

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Oksana17 Apr 21, 2009 12:07am

Tony,Also, like 80% of the people here have MetaTrader4, which don't allow 5-second charts. Could this work onother timeframes?Dan.

Oksana17 Apr 21, 2009 12:08am

Quote:

Originally Posted by Tony112 Flat WMA = no trading = no volatility

When exactly do you consider the market to have "no volatility"? I mean, when not looking at the chart inbacktesting, but I mean in forward testing, if you know what I mean.

Benjie Apr 21, 2009 12:12am

5 seconds charts and 0.9 pips spread ?? what broker is that ?

jamesr24 Apr 21, 2009 12:12am

ninjatrader go to ninjatrader.com free charts all the way down to 1 sec.

psymantis Apr 21, 2009 12:16am

Quote:

Originally Posted by Benjie 5 seconds charts and 0.9 pips spread ?? what broker is that ?

He uses Oanda.

Oksana17 Apr 21, 2009 12:20am

Quote:

Originally Posted by Benjie 5 seconds charts and 0.9 pips spread ?? what broker is that ?

I have fxPRO, and it's very low spread!

Tony112 Apr 21, 2009 12:36am

Quote:

Originally Posted by Oksana17 Hey Tony.

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So you trade the 5-second chart yes?How bout' you don't cherry pick the trades and show us some losses.Dan.

my first graphic on this thread starts with a loss notice the RED dot

Tony112 Apr 21, 2009 12:37am

I also said that I will post every trade I take. So if you don't see additional graphs.. I haven't traded, I'mpatiently waiting for the good moment in time.

Tony112 Apr 21, 2009 12:40am

Quote:

Originally Posted by Oksana17 When exactly do you consider the market to have "no volatility"? I mean, when not looking at the chartin backtesting, but I mean in forward testing, if you know what I mean.

price has to go down like the rope broke on an elevator & for this, I prefer to be there personally

Tony112 Apr 21, 2009 2:12am

1 Attachment(s)1 st trade: unsuccessful Total Loss: $0.00

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Tony112 Apr 21, 2009 2:13am

1 Attachment(s)wait for the next one

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tgiambarberee Apr 21, 2009 10:10pm

Big T = Tony

thanks for includeing us on the wild ride . Im pretty much set up to whatch for the fireworks if I can stayawake . Im just getting oanda platform figured out . How are you getting the little triangle and the dot and howdo they help in your trades or are they purely for educational purposes .Anyway , you are doing a great job . Take care ..............Tom

ttradr Apr 21, 2009 10:34pm

Quote:

Originally Posted by tgiambarberee

thanks for includeing us on the wild ride . Im pretty much set up to whatch for the fireworks if Ican stay awake . Im just getting oanda platform figured out . How are you getting the little triangle andthe dot and how do they help in your trades or are they purely for educational purposes .Anyway , you are doing a great job . Take care ..............Tom

On Oanda, when you right click on the chart, you can place a limit or market order- when the order is filled itautomatically places the triangle (pink pointing down for sell / blue pointing up for buy) at price of activation oftrade.

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Tony112 Apr 21, 2009 10:41pm

Quote:

Originally Posted by tgiambarberee

thanks for includeing us on the wild ride . Im pretty much set up to whatch for the fireworks if Ican stay awake . Im just getting oanda platform figured out . How are you getting the little triangle andthe dot and how do they help in your trades or are they purely for educational purposes .Anyway , you are doing a great job . Take care ..............Tom

Hi Tom, the big blue triangle is added with Photoshop to show where to enter the trade.... but on Oanda... ared dot is stop-loss and green dot is take-profit. Thanks for following...

Tony112 Apr 21, 2009 10:48pm

1 Attachment(s)wma flirting with price... no trading when wma&price are friends

wma far away from price on a 5 sec chart is my environment ... outside of that, I will die

Tony112 Apr 21, 2009 10:51pm

hopefully... things will start moving pretty soon... I am planing to by a 30-42" LCD monitor to motivate mefollowing my charts.... I will love that.. I'll post that up in the living room on the wall and leave it open all day.It will stay open on the 5 second chart... when guests will come it will stay open... they will think that I'Mcompletely sick

one thing you gotta remember... you gotta love what you do to succeed, it take a lot of love ...I've always saidit... you have to make something a pure passion and gotta put in your head that by any means, you have tosucceed until before you die. Yea, as serious as that...That's the only way to achieve something...just anopinion

Tony112 Apr 21, 2009 10:58pm

1 Attachment(s)not enough

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forexisfx Apr 21, 2009 11:57pm

Quote:

Originally Posted by Tony112 hopefully... things will start moving pretty soon... I am planing to by a 30-42" LCD monitor to motivateme following my charts.... I will love that.. I'll post that up in the living room on the wall and leave itopen all day. It will stay open on the 5 second chart... when guests will come it will stay open...

It's like a live painting. I wish I have the courage to do that. Once u are done, do you mind taking aphotograph of your living room with the LCD ? Share with us. Thnx

Tony112 Apr 22, 2009 12:17am

Quote:

Originally Posted by forexisfx It's like a live painting. I wish I have the courage to do that. Once u are done, do you mind taking aphotograph of your living room with the LCD ? Share with us. Thnx

Of course I will share once I have it!

I guarantee you that figuring out this forex portrait is harder than figuring out Picasso In both cases we are

talking millions. Live painting, I like that

Tony112 Apr 22, 2009 1:47am

volatility is very low today... I am surfing websites at the same time

Tony112 Apr 22, 2009 3:03am

1 Attachment(s)trade takenpossible LOSS: 0$

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Tony112 Apr 22, 2009 3:06am

1 Attachment(s)good night

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Tony112 Apr 22, 2009 3:17am

1 Attachment(s)I knew I had to go to bed DAMN that was nasty that pullback

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Tony112 Apr 22, 2009 3:18am

at least we have some volatility now

Tony112 Apr 22, 2009 3:19am

can't always win...if that was the case I would have already renamed my name to Tonylionaire

tgiambarberee Apr 22, 2009 7:32am

sweet

Quote:

Originally Posted by Tony112 hopefully... things will start moving pretty soon... I am planing to by a 30-42" LCD monitor to motivateme following my charts.... I will love that.. I'll post that up in the living room on the wall and leave itopen all day. It will stay open on the 5 second chart... when guests will come it will stay open... theywill think that I'M completely sick

one thing you gotta remember... you gotta love what you do to succeed, it take a lot of love ...I'vealways said it... you have to make something a pure passion and gotta put in your head that by...

Maybe when Im good enough at this I can relax but right now my wife thinks I love my computor more thanher except when the market is closed........Cheers.............To m

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ttradr Apr 22, 2009 9:14am

1 Attachment(s)[quote=Tony112;2686018]hopefully... things will start moving pretty soon... I am planing to by a 30-42" LCDmonitor to motivate me following my charts.... I will love that.. I'll post that up in the living room on the walland leave it open all day. It will stay open on the 5 second chart... when guests will come it will stay open...they will think that I'M completely sick

Nooo! they will know you are the 'koolest' LOL

Here's a pic of my 52' LG working for me!

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Tony112 Apr 22, 2009 10:15am

That is NIIICCEEEE....that's what I want!!! that made my day

Tony112 Apr 22, 2009 10:22am

I want a 5 SECOND BAR to look as huge as a JUICE CARTON LOL

FXSurfer Apr 22, 2009 2:03pm

Quote:

Originally Posted by Tony112 Here's a pic of my 52' LG

Yes!!!

FXSurfer Apr 22, 2009 2:06pm

Quote:

Originally Posted by Tony112 can't always win...

I really appreciate your posting during both good and not so good times, Tony! It shows that you're trying to

keep it real.

Tony112 Apr 22, 2009 11:42pm

[quote=ttradr;2687090]Quote:

Originally Posted by Tony112 hopefully... things will start moving pretty soon... I am planing to by a 30-42" LCD monitor to motivateme following my charts.... I will love that.. I'll post that up in the living room on the wall and leave itopen all day. It will stay open on the 5 second chart... when guests will come it will stay open... theywill think that I'M completely sick

Nooo! they will know you are the 'koolest' LOL

Here's a pic of my 52' LG working for me!

Hey that's very nice, that really made my day... I thought about you a few times today lol is it really a PCscreen or Flat screen tv connected to pc?

Tony112 Apr 22, 2009 11:51pm

Today I saw a guy rolling in a Rolls-Royce Phantom ... it was huge ... and it was so motivating for me... what

do you think? It motivates me everytime... not that I plan to buy one... but wow

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Tony112 Apr 23, 2009 1:47am

Quote:

Originally Posted by FXSurfer I really appreciate your posting during both good and not so good times, Tony! It shows that you're

trying to keep it real.

I'm always real, even in real life.. and on this thread too cause we all learn from our mistakes... since we werebabies right + I have nothing to hide... I'm not selling anything here, it's strictly for the fun of learning togetherand helping eachother... as I said I will post all of my trades from the start of the thread... that way, there isno way I will gamble or start acting like a fool... and trading by ''hoping'' like i used to do back in the days.there is no hope in this... the moment you will hope for something here you will lose...

Tony112 Apr 23, 2009 2:01am

1 Attachment(s)________________ flat line. we are dead. everybody's dead. come on send an electical shocksomeone.Frankfurt? London?

I'll only play with flat lines on my hospital bed... hopefully not soon

FXSurfer Apr 23, 2009 2:17am

Quote:

Originally Posted by Tony112 I'm always real, even in real life.. and on this thread too cause we all learn from our mistakes... sincewe were babies right + I have nothing to hide... I'm not selling anything here, it's strictly for the fun oflearning together and helping eachother... as I said I will post all of my trades from the start of thethread... that way, there is no way I will gamble or start acting like a fool... and trading by ''hoping''like i used to do back in the days. there is no hope in this... the moment you will hope for somethinghere you will lose...

Good deal, Tony!

Maybe E/U will wake up soon!

Tony112 Apr 23, 2009 2:22am

1 Attachment(s)my first trade... this should have been posted in my other thread... central banks

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Tony112 Apr 23, 2009 2:47am

I don't know why I love 5pip bars on a 5 sec chart.. I got a passion for the but not all of them are sweet... youhave to pick them very well

Tony112 Apr 23, 2009 3:49am

1 Attachment(s)I'm not supposed to take trades like this...WMA was only 5 pips apart but I knew the price was gonna touchthe round #.....

seafront Apr 23, 2009 3:53am

Nice Method Thanks for sharing!As it is "L" method, this is no buys just sells ?

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hazel1919 Apr 23, 2009 3:55am

5 second charts So just to recap, we wait for a divergence from 150 WMA of 10-15 pips... then a pullback before entering. Bestto draw trendlines for breaks.?

Tony112 Apr 23, 2009 4:04am

Quote:

Originally Posted by seafront Thanks for sharing!As it is "L" method, this is no buys just sells ?

sells work out better I don't know why...what I notice is that you see the "L"s in EUR/USD sellingas for buying...you see the price going up but the pullbacks are less obvious for some reason.... so I do onlysells... yes

Tony112 Apr 23, 2009 4:06am

Quote:

Originally Posted by hazel1919 So just to recap, we wait for a divergence from 150 WMA of 10-15 pips... then a pullback beforeentering. Best to draw trendlines for breaks.?

very well said.... I also prefer entering after the break of the ''L'' when it brakes with 5 pip bars

Tony112 Apr 23, 2009 4:07am

we haven't seen extreme volatility these days....

hazel1919 Apr 23, 2009 4:10am

Volatility This whole week... but for yesterday afternoon, no decided movement on the EURUSD. Just a quick question,do you have a larger timeframe open to indicate bigger trend direction... for example 5min with 21ma?

seafront Apr 23, 2009 4:10am

Thanks

Quote:

Originally Posted by Tony112 sells work out better I don't know why...what I notice is that you see the "L"s in EUR/USD sellingas for buying...you see the price going up but the pullbacks are less obvious for some reason.... so I doonly sells... yes

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This reminds me of an old saying "goes up by stairs, goes down by elevator".

FXSurfer Apr 23, 2009 4:16am

Quote:

Originally Posted by Tony112 trading by ''hoping'' like i used to do back in the days. there is no hope in this... the moment you willhope for something here you will lose...

This is an interesting point that I think can be confusing to people...the big difference between:

positive thinking/attitude (which you must have )

and

wishful/hopeful/praying way of viewing market activity (which is a killer ).

Tony112 Apr 23, 2009 4:19am

Quote:

Originally Posted by hazel1919 This whole week... but for yesterday afternoon, no decided movement on the EURUSD. Just a quickquestion, do you have a larger timeframe open to indicate bigger trend direction... for example 5minwith 21ma?

I tend to peek at larger time frames to have an idea on what's going on ... but I've made up my mind that Icannot predict larger time frames... everything's so random and unexplainable...even if you think you knowwhat's gonna happen.... the only think right now i try to concentrate on is a real precise entry where I will riskalmost 0 pips everytime..... TP will be completely random for me after.. as soon as I know my risk is minimal.

Tony112 Apr 23, 2009 4:25am

Quote:

Originally Posted by FXSurfer This is an interesting point that I think can be confusing to people...the big difference between:

positive thinking/attitude (which you must have )

and

wishful/hopeful/praying way of viewing market activity (which is a killer ).

LOL very true... positive thinking is a must and a thirst to succeed. Emotions and boredom can kill too... makingyou take trades that ultimately and instantly turn against you as if they wanted to frustrate you on purposelol...no more

Tony112 Apr 23, 2009 4:27am

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Quote:

Originally Posted by seafront This reminds me of an old saying "goes up by stairs, goes down by elevator".

Nice one, I love sayings and proverbs... this one I didn't know.

hazel1919 Apr 23, 2009 4:29am

Trendlines Working the 5-second chart is a matter of constantly drawing and redrawing those trend lines. They eye picksthem out on the move. But also (like for the last 15 mins) recognising that the market is asleep.

When the MKT weaves around the 150WMA... simply no good for trading. Must pull away.... then retrace.

I just want to thank you for drawing our attention to the purest form of scalping... as clost to MKT action thatwe can get, without drowning in all those misleading past-time based indicators.

Tim.

FXSurfer Apr 23, 2009 4:34am

Quote:

Originally Posted by Tony112 boredom can kill too

OMG I think that the boredom/impatience "trades" are the worst.You crank off two or three of those, wipe out your profits that youworked hard for that night and go to bed kicking yourself. Not a good

feeling.

Tony112 Apr 23, 2009 4:36am

exactly...what I noticed recently... the less trades I take... the more $ I make... cause you have to select themvery carefully

Tony112 Apr 23, 2009 4:43am

Quote:

Originally Posted by hazel1919 Working the 5-second chart is a matter of constantly drawing and redrawing those trend lines. They eyepicks them out on the move. But also (like for the last 15 mins) recognising that the market is asleep.

When the MKT weaves around the 150WMA... simply no good for trading. Must pull away.... thenretrace.

I just want to thank you for drawing our attention to the purest form of scalping... as clost to MKTaction that we can get, without drowning in all those misleading past-time based indicators.

Tim.

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Indicators... I have forgot about those in my first months of trading... if it was about indicators, we will be allrich by learning how to use them. You have to rise above this... that's just an opinion... yes you can makemoney with indicators...the next year after...you might lose some and come back at where you was. Eitherway... I heard from a friend of mine that banks use support and resistance levels mostly... no fancyindicators..... for now... my best way to trade this market is to find an entry that will lead you a few pips pastyour entry 90% of the time... then... you ELIMINATE your loss possibility... by setting a 0$ stop-loss, the rest,you don't care...

FXSurfer Apr 23, 2009 4:49am

Quote:

Originally Posted by Tony112 the less trades I take... the more $ I make...

Wouldn't longer TF make it easier to trade less?

Quote:

Originally Posted by Tony112 cause you have to select them very carefully

Being selective means you end up missing some good ones, right?

Just wondering.

Tony112 Apr 23, 2009 4:49am

There's one thing that keeps coming back to my mind. I know that there may be a lot of time that might bethought wasted.... when you try to make it in forex. But. The reward (if obtained) is HUGE and huge is not theword.Imagine trading on a $500 000 account... 15 pips is $30,000 with a 98% default size orders all the time.....inthis case nobody will find it a waste of time. You will be the God of time in this case... cause you make apersons yearly salary in minutes. crazy thought

Tony112 Apr 23, 2009 4:59am

Quote:

Originally Posted by FXSurfer Wouldn't longer TF make it easier to trade less?

Being selective means you end up missing some good ones, right?

Just wondering.

Well for the moment, the only way to risk 0-3 pips is on the 5 second chart ...I could not use a larger timeframe and risk as much as 10 pips.... I prefer to set a stop-loss to 0 pips

selective, yes, you will miss some... but the next bus always comes ...it's better to miss some, than enter whereyou shouldn't have and then regret after and ask your self, why did I enter here...

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FXSurfer Apr 23, 2009 5:01am

Quote:

Originally Posted by Tony112 Well for the moment, the only way to risk 0-3 pips is on the 5 second chart ...I could not use a largertime frame and risk as much as 10 pips.... I prefer to set a stop-loss to 0 pips

selective, yes, you will miss some... but the next bus always comes ...it's better to miss some, thanenter where you shouldn't have and then regret after and ask your self, why did I enter here...

hazel1919 Apr 23, 2009 5:34am

The value of a pip 1 Attachment(s)Just three pips per day (consistantly) when compounded is enough to create wealth. But the key is consistancy.For this reason I like Oanda's percentage based facility. If you believe in your system then setting the allotmentsize to 98% is quite in order. (if you did not trust your system... then why trade in the first place)

Don't underestimate the power of the pip. Better 3 consistant pips per day then wild swings of 30 up one dayand 50 down the next.

Few have come to understand this. And for this reason, I believe 5 second chart trading is perfect Hard RightEdge trading.

See attached spreadsheet.

TimDaily_compounding_over_one_year.xls

yzn Apr 23, 2009 11:36am

Ask a question I don't know how I can get a 5 sec chart on MT4? Could anybody tells me. Thanks in advance.

Alderlug Apr 23, 2009 1:35pm

Quote:

Originally Posted by hazel1919 Just three pips per day (consistantly) when compounded is enough to create wealth. But the key isconsistancy. For this reason I like Oanda's percentage based facility. If you believe in your system...

Hi Tim,

I agree. But the problem is always the stop loss. When you go for 3 pips which sl do you take?

hazel1919 Apr 23, 2009 1:50pm

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Questions Tony112, some questions that may benefit all reading this thread.

I understand moving SL to 0 as soon as we are in profit... but what if the trade goes pear-shaped right away? Iguess my question is, on the 5-second timeframe, how many pips do you let it go before calling it a bad trade?-3? -5? -7?

Optimaly, we are looking for three primary things for the "perfect" setup. 10 - 15 pips away from 150WMA... areversal... and a break of that reversal with a long (3-5pip) candle. Is this more or less how you see it?Anything else I am missing?

Do you use the Oanda TP setting... if so, how much?

Last question, what percentage of trades are winners so far.

Here are my results for today (London morning and afternoon)+1.6, +0.6, +2.1, +0.6, +0.6, +0.7, +0.6, +1.3, +1.0, -6.3, +0.8, +0.8, -5.3, +2.8, +0.8 TOTAL +9.9 for theday...

Very happy with that for starters.

hazel1919 Apr 23, 2009 1:53pm

Stop loss

Quote:

Originally Posted by Alderlug Hi Tim,

I agree. But the problem is always the stop loss. When you go for 3 pips which sl do you take?

Look at above post with questions for Tony. The jury is still out on my stop loss.... but my feeling is that onceyou go below -5... you are in trouble. You can see from my results posted that increments of pips do add up.

FXSurfer Apr 23, 2009 2:15pm

Quote:

Originally Posted by yzn I don't know how I can get a 5 sec chart on MT4? Could anybody tells me. Thanks in advance.

Nothing less than 1 min. on MT4, that I'm aware of. Just use Oanda. Easy.

demontaz Apr 23, 2009 5:08pm

Hi Tony,

A quick question, are you still using your central bank 6pip+ breakout or are you concentrating solely on the L-shape? I tried to do the 6pip+ breakout today but never got a chance to as all three of my potential setupsfailed to rally further.

Thanks

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hazel1919 Apr 25, 2009 3:34am

Results for Friday Results for Friday 24th April

+0.5, -2.6, +1.2, -2.2, +1.8, +.4,-1.2, +1.1, +0.4,+8.2

Total, +8.6 (none of these drew down further than -4pips)

Folks, remember to keep a detailed journal of ALL your trades... good or bad. This forces discipline and givesyou a written record or success and failure.

Tim.

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kar Apr 25, 2009 9:32pm

Quote:

Originally Posted by Tony112 I don't know why I love 5pip bars on a 5 sec chart.. I got a passion for the but not all of them aresweet... you have to pick them very well

I think there is 45 degree Gann angle hidden in there. Thats why you might like it. Good luck with the scalping.

ttradr Apr 26, 2009 7:03am

[quote=Tony112;2689052]Quote:

Originally Posted by ttradr

Hey that's very nice, that really made my day... I thought about you a few times today lol is it reallya PC screen or Flat screen tv connected to pc?

my PC is connected to both a 22" monitor and the 52" TV, I can view either w/touch of a button. I sit in a

recliner 16 feet away or go to PC in other room. It's also good for Netflix Instant Movies.

Tony112 Apr 26, 2009 3:16pm

this week will be called: power and surveillance

Tony112 Apr 27, 2009 1:53am

1 Attachment(s)lets risk 2 pips, we'll move that SP to 0 in a few seconds

Page 27: 5 Seconds L System

Tony112 Apr 27, 2009 1:56am

1 Attachment(s)ok we got stopped... stay tuned for the next one

-2 LOL, I wont let no punk take more than 2 from me, that's one thing you gotta know from me

hazel1919 May 1, 2009 3:48am

Results using 5sec "L" system Results for Thursday 30 April

+3.1, +2.1, +0.3, +0.6, +0.8, -1.2, +2.0, -0.8 = Total + 7.5

Page 28: 5 Seconds L System

Note: for me.... if a trade does not fall into immediate profit (ie within 10 seconds) then get out... never withmore thatn -2 pips. Tigher the better.

Also... when breaking the reversal trend line... be sure the break is clear... preferably with a strong candle.

Comments welcome... this should be the liveliest forum on FF!! After all, nothing could be closer to marketaction than the 5 second chart!

Tony112 May 4, 2009 1:47am

I am officially stopping work starting this Monday & dedicating myself into forex

Tony112 May 4, 2009 2:02am

1 Attachment(s)no loss guaranteed, that's what you call : at the right place, at the right time

forexisfx May 4, 2009 2:22am

Quote:

Originally Posted by Tony112

I am officially stopping work starting this Monday & dedicating myself into forex

Tony112 May 4, 2009 3:20am

I have 2 new bosses: 1 is called Mr. Wma Onefifty & the other one is Mr. Fivesec Chart.

Page 29: 5 Seconds L System

Tony112 May 4, 2009 3:47am

1 Attachment(s)I love you everyone. And I love 0$ stop-losses.

Tony112 May 4, 2009 3:49am

and 40 pips take-profits

Tony112 May 4, 2009 4:27am

1 Attachment(s)history keeps repeating itself

0$ loss is set as usual

Page 30: 5 Seconds L System

Tony112 May 4, 2009 4:30am

1 Attachment(s)I love you wma150

hazel1919 May 4, 2009 4:53am

"L" system exit strategy A question for Tony...

Page 31: 5 Seconds L System

When you move your SL to zero... how long do you let the market run before taking profit...

I am in the habit of taking small nibbles... say a pip or two... and working on a higher win / breakeven ratio...but was just wondering what your philosophy is.

Many thanks.

Tony112 May 4, 2009 4:58am

Ok here is my response below.

Tony112 May 4, 2009 4:58am

Quote:

Originally Posted by hazel1919 A question for Tony...

When you move your SL to zero... how long do you let the market run before taking profit...

I am in the habit of taking small nibbles... say a pip or two... and working on a higher win / breakevenratio... but was just wondering what your philosophy is.

Many thanks.

Hi well here is how I see it: if I take a 3 pip profit everytime, I will multiply my account by 1.01% everytime.

In the other case, by taking 16 pips at a time, I'm multiplying my account by 1.06% everytime.

Now I agree that I will win less times than you will... but when there is big volatility, it's really pleasant to leavethe trade and take in a 40 pips profit... after alll... what do you care about when you have a stop loss so tight...You could just leave the trade and go to bed or go out and cut the grass...

It doesn't really matter, the important is your entry and the stop-loss to be minimal.

Tony112 May 4, 2009 5:41am

1 Attachment(s)favorable market conditions

Page 32: 5 Seconds L System

Tony112 May 4, 2009 5:44am

this system works 90% of the time

the other 10% you will lose 3 pips or so

forexisfx May 4, 2009 6:08am

Quote:

Originally Posted by Tony112 this system works 90% of the time

the other 10% you will lose 3 pips or so

Hope u get ur million soon

Tony112 May 4, 2009 6:21am

Quote:

Originally Posted by forexisfx

Hope u get ur million soon

thank you, I hope so too, it takes a lot of discipline ... my target is with a zero less.... the moment I reach Iwill call it success

Tony112 May 4, 2009 6:49am

Page 33: 5 Seconds L System

1 Attachment(s)

looks like its time to go to bed

Tony112 May 4, 2009 7:14am

LOSS 1 Attachment(s)I have to announce that I took a devastating disastrous -1 PIP loss. This is it fellas for today.

Briian May 4, 2009 7:55am

Hi Tony,I like your strategy. Just a question: Doesn't Oanda prohibit this extra scalping?

Thanks

Brian

ttradr May 4, 2009 8:41am

Quote:

Originally Posted by Briian Hi Tony,I like your strategy. Just a question: Doesn't Oanda prohibit this extra scalping?

Page 34: 5 Seconds L System

Thanks Brian

At least 3 people i know have said Oanda is fine with scalping, no complaints. I personally have used this andanother method using 1 & 5 min bars, and with just 2 clicks of the mouse you can set a sell or buy stop almostimmediately. Very seldom have I seen a 're-quote' or any other 'delay' tactic practiced by many other so-called'brokers'

Steve

Tony112 May 4, 2009 10:40am

Quote:

Originally Posted by Briian Hi Tony,I like your strategy. Just a question: Doesn't Oanda prohibit this extra scalping?

Thanks

Brian

Well Brian, at the moment my average tp is 20+ pips. Sometimes I go for 100 TP. If this is scalping, it's abrand new form of big chunk scalping...Some of my trades last hours and dosens of minutes. It does happenthat I lose a few pips - max. (5). And this is something that will occur as my one and only indicator is a150WMA on oanda. If they want, they can ''re-quote'' their quote and substract 3 pips instead of 2 to myaccount.... or let's say 4 pips instead of 3... but in the end, I'll always set those TP targets to 20-30-40-100pips and by entering at the good moment...it's priceless. Eveything done here and showed here is just sweetand simple so why should it be prohibited... don't they make money on my account too?

Tony112 May 4, 2009 11:00am

Quote:

Originally Posted by Briian Hi Tony,I like your strategy. Just a question: Doesn't Oanda prohibit this extra scalping?

Thanks

Brian

The best answer that I could give regarding to that is that I have several times confirmed with Oanda that bythis definition ''scalping'' is allowed. As long as there is no use of ''latency trading'' with a faster price ticker....which is NOT the case in my trading. After all.. aren't they the ones that programmed a 5 sec. chart on theirplatform? Don't worry about it Brian if you want to try it, as long as you don't ''latency trade'' lol (which is''lame'' trading''.

georgecotton May 4, 2009 2:09pm

Great thread you've got right here, Just testing out the method on RBS marketindex (a broker who licenseOanda's platform) and it's really rekindling my love with the Oanda platform, So much better than any of thismetatrader nonsense. It's definately a cracker of a trading method. I'm sure it's gonna win you the trading room

Page 35: 5 Seconds L System

of your dreams.

spekitox May 4, 2009 2:25pm

Tony, nice thread.Btw, someone told me Oanda told him, if he has a lot of positions that don't last at least five minutes, he will beconsidered a scalper. Just FYI.But I guess as long as you don't play 15 full lots for 1.5 pips profit, they don't care. Just make sure you don't

win too much

Quote:

Originally Posted by Tony112 Well Brian, at the moment my average tp is 20+ pips. Sometimes I go for 100 TP. If this is scalping,it's a brand new form of big chunk scalping...Some of my trades last hours and dosens of minutes. Itdoes happen that I lose a few pips - max. (5). And this is something that will occur as my one and onlyindicator is a 150WMA on oanda. If they want, they can ''re-quote'' their quote and substract 3 pipsinstead of 2 to my account.... or let's say 4 pips instead of 3... but in the end, I'll always set those TPtargets to 20-30-40-100 pips and by...

Briian May 4, 2009 3:36pm

Thanks for the answers!The question is: what is the definition of scalping.After all Oanda can refer to anything if you are unwanted...

Keep the good work!

Cbh123 May 4, 2009 7:04pm

Great strategy Thanks so much for posting your trading system! It seems really simple, which is great. I'm excited to forwardtest your system. Do you have a specific exit strategy? About how many pips do you make a day with a 3/4 pipstop loss?

Thanks again! I hope to contribute to the thread as much as possible.

Cory

Tony112 May 4, 2009 8:42pm

Quote:

Originally Posted by spekitox Tony, nice thread.Btw, someone told me Oanda told him, if he has a lot of positions that don't last at least five minutes,he will be considered a scalper. Just FYI.But I guess as long as you don't play 15 full lots for 1.5 pips profit, they don't care. Just make sure you

don't win too much

scalping is ok: meaning very short term trading.

Page 36: 5 Seconds L System

now I never take a 1.5 profit. My minimum TP will soon be 20 pips.Never had no one complain yet. They told me latency trading is not permitted, scalping is permitted and it wassaid by a representative of Oanda

Tony112 May 4, 2009 8:45pm

Quote:

Originally Posted by Cbh123 Thanks so much for posting your trading system! It seems really simple, which is great. I'm excited toforward test your system. Do you have a specific exit strategy? About how many pips do you make aday with a 3/4 pip stop loss?

Thanks again! I hope to contribute to the thread as much as possible.

Cory

It really depends of the market... a market that is going on a downtrend can easily win more than 50 pips perevening as there is many opportunities of entry. Some nights, I have only 15 pips, some I lose about 7 pips orso... it depends...

Tony112 May 4, 2009 8:55pm

Quote:

Originally Posted by georgecotton Great thread you've got right here, Just testing out the method on RBS marketindex (a broker wholicense Oanda's platform) and it's really rekindling my love with the Oanda platform, So much betterthan any of this metatrader nonsense. It's definately a cracker of a trading method. I'm sure it's gonnawin you the trading room of your dreams.

hope so...thanks 4 the support, I'll keep updating till I go broke

Tony112 May 4, 2009 9:04pm

OK my working day starts now at 9:00 pm NY time until probably 9 am NY time tomorrow. Let's patiently waitfor high volatility that will be proven on the 5 sec chart by our WMA 150. The only other possible entrieswill be on round # breakouts and not all of them.

gambler997 May 4, 2009 11:21pm

the spread is big tonight on Oanda...I hope it will return to 0.9 for eu

Tony112 May 4, 2009 11:42pm

Quote:

Originally Posted by gambler997 the spread is big tonight on Oanda...I hope it will return to 0.9 for eu

1.7 is a massive spread

Page 37: 5 Seconds L System

gambler997 May 4, 2009 11:44pm

Quote:

Originally Posted by Tony112 1.7 is a massive spread

for scalping yep

Tony112 May 4, 2009 11:47pm

1 Attachment(s)I missed this while talking to a woman. Not very professional for someone that left work yesterday. Anywayslike we said the spread is big now.

Tony112 May 4, 2009 11:51pm

Quote:

Originally Posted by gambler997 for scalping yep

Pretty soon we won't be albe to call this system scalping because the minimum TP will be 20-100 pips. It's onlythe SP that will be very tight: 0-3 pips. This will be short term trading. Scalping is more like taking 3-5 pipsprofit which I'm not interested in.

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Tony112 May 4, 2009 11:53pm

My entries are a scalper's favorite ones but the TP is not comparable. We want big numbers for TP. Theadvantage is that there will almost no risk or loss. Winnings will be rare, yes, but when they come, they will beworth throwing a party specially as the account grows.

Let's not forget, I am currently playing Default Order Size at 98% on a 1:50 Leverage

As I perfect my trading, I will start searching for a 1:200 leverage when I see constant stability in my trading...because the orders will be huge and it will hurt with with this type of Default order size %. Winning will behuge.

darkness May 5, 2009 12:04am

Do you adjust to 0sl as soon as its in positive?

Tony112 May 5, 2009 12:07am

Quote:

Originally Posted by darkness Do you adjust to 0sl as soon as its in positive?

about 5 pips past.....

darkness May 5, 2009 12:10am

Makes sense.

So you going to trade full london session tonight?

TradeStar May 5, 2009 12:15am

Hi Tony,

Have you seen this approach working on a raising market as well or is it only for shorts?

ThanksTradeStar

Tony112 May 5, 2009 12:23am

Quote:

Page 39: 5 Seconds L System

Originally Posted by darkness Makes sense.

So you going to trade full london session tonight?

I have to... might take a break and sleep a few hours... lack of sleeping is really a big problem for me thesedays... I need get used to the night life with the euro...

Tony112 May 5, 2009 12:26am

Quote:

Originally Posted by TradeStar Hi Tony,

Have you seen this approach working on a raising market as well or is it only for shorts?

ThanksTradeStar

Longs on the euro seem ''more difficult to detect'' I don't know if it's me but shorts is something my brainrecognizes more... and longs are not traded the same way with the euro... breakouts are different when upcompared to down. Countless hours of screen time make me more at ease when it goes down...

darkness May 5, 2009 12:33am

I like to short, especially with immediate trend.

Tony112 May 5, 2009 12:37am

look euro is on an uptread now.... can't seem to find my entry .. perfect entry that is

darkness May 5, 2009 12:45am

Some intense buying pressure

Tony112 May 5, 2009 1:02am

1 Attachment(s)followed by someone that emptied their euro wallets, bank? big euro millionaire? either way let's go with him0SL stamped on this one!

TP..... lets put 25 PIPS 1.3350 seems good,... if I was more sleepy I would set it to 1.3300 and go to bed.0SL.. helps me sleep tight, I'm starting to enjoy this

Page 40: 5 Seconds L System

Tony112 May 5, 2009 1:07am

lets see if that one will come back in my face... either way I couldn't care less

Tony112 May 5, 2009 1:14am

1 Attachment(s)we took a devastating and disappointing 0$ loss

what made me mad is Oanda rise the spread for about a minute... this was weird... and there was no news... Itcame so close

spread went from 1.5 to 2 for just a moment.... and that 0.5 took out my trade.... anyways...

Tony112 May 5, 2009 1:18am

I will stop to trade for a few hours until they stop posting those ugly spreads and stop boosting them up every

second

can't wait to switch to a 0.5 spread platinum broker... I will when my account grows more

Page 41: 5 Seconds L System

Tony112 May 5, 2009 1:32am

London open should tighten up the spread a bit

Tony112 May 5, 2009 3:06am

1 Attachment(s)2 pips loss recored - TP was set to 50 pips, not reached

TradeStar May 5, 2009 7:03am

Quote:

Originally Posted by Tony112 look euro is on an uptread now.... can't seem to find my entry .. perfect entry that is

It will be hard to bring SL to zero for longs until the price has traveled sufficiently (given the nature of upwardprice move vs. downward). It is going to require more cushion on the longs.

ThanksTS

ttradr May 5, 2009 8:37am

Quote:

Originally Posted by Tony112 ....can't wait to switch to a 0.5 spread platinum broker... I will when my account grows more

which broker has the .5 spread? and which are you going to switch to?

Tony112 May 5, 2009 9:57pm

1 Attachment(s)entry missed because of sleeping, I have to learn to manage my time to be able to stay awake at least from

Page 42: 5 Seconds L System

London open to 2-3 hours after NY Open. This morning I was mad as hell when I saw my historical 5 sec chartduring the night.

Tony112 May 5, 2009 11:59pm

Quote:

Originally Posted by ttradr which broker has the .5 spread? and which are you going to switch to?

I'm not sure... I heard of brokers offering this but don't know who

Tony112 May 6, 2009 12:32am

1 Attachment(s)1st trade of evening taken, 0 SL installed..... lets try 20 pips

Page 43: 5 Seconds L System

Tony112 May 6, 2009 12:38am

ok price came back to SL.... within 10 minutes..... no big deal 0$ loss

Briian May 6, 2009 3:22am

Do you set initial stop loss, or just cut it when goes in the wrong direction after 3 pips?

Tony112 May 8, 2009 5:54am

1 Attachment(s)support hit, ish happens

Tony112 May 8, 2009 5:56am

1.3395 is a important level

Tony112 May 8, 2009 5:56am

1.3350 too

Tony112 May 8, 2009 6:57am

The market thinks it's Zorro, i'll teach it a good lesson

Tony112 May 8, 2009 7:03am

in need of motivation? ok

http://listings.myvintageestates.com...7&mlsID=906890

Tony112 May 8, 2009 10:17am

1 Attachment(s)keep trying

Page 44: 5 Seconds L System

Tony112 May 8, 2009 10:19am

next week i will deposit into my account to accelerate profits

Tony112 May 10, 2009 10:21pm

I feel so empty during week-ends when for forex is off. I think I might be an addict. On fridays I actually feel

sad.

Tony112 May 11, 2009 4:28am

1 Attachment(s)

USD/JPY

Page 45: 5 Seconds L System

Tony112 May 11, 2009 4:31am

According to LL cool J, the "L" letter is cool

Tony112 May 11, 2009 4:33am

1 Attachment(s)let's risk hmm 0.0000001 pip and hope for 40. hope is beautiful

Tony112 May 12, 2009 6:27am

1 Attachment(s)hi

Page 46: 5 Seconds L System

forexisfx May 12, 2009 7:03am

Quote:

Originally Posted by Tony112 hi

hello

darkness May 13, 2009 7:28pm

50pip target for each of these is a bit ambitious. whats your success has been so far with your system with suchtp?

Tony112 May 13, 2009 9:29pm

I don' t really keep track... as long as the account grows & as long as the risk is minimized

Tony112 May 13, 2009 9:31pm

1 Attachment(s)beautiful entry on 1 min chart..... missed

Page 47: 5 Seconds L System

hazel1919 May 14, 2009 5:11am

50 pip target?? Hi there,

Tony, do you trade off 5 second charts only... or have to changed to 1min also?

Personally, I have been trading 5 second charts exactly a per your setup on post 1... but then scapling a pip oror even a fraction of a pip... whatever the market delivers within 10/15 seconds... never letting my stop loss getbelow 2.5 pips. Guerilla style sniping if you get what I mean. If no profit is delivered with 15 seconds... just getout... it was not meant to be.

This is very safe trading. Three or four pips a day may not sound like much... but do the math and see howquickly an account can compound this.

Comments please. This should be the most active forum on FF.

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Tony112 May 14, 2009 8:43am

hey I just wanted to try 1 min chart because there isn't too much action out there... even with reports likeunemployment claims that almost comes exact.... The thing is it takes a lot of patience. As for the TP you arereferring to...it's really up to you... if you want to be more conservative you can use a smaller TP and you willget a better hit rate. Personally I like big # but it's really up to you. I figured the forum isn't that live becausepeople simply like to program robots to do the work for them, which is not bad. But not suitable for this type ofsniper trading style as you said. The entry is really the most important factor... and only a few rareopportunities present themselves. It could be frustrating to wait for them, but if you really want to succeed inthis, it's only logical that it will take a lot of effort, as the reward is tremedous if success is obtained.

Tony112 May 14, 2009 8:47am

Quote:

Originally Posted by hazel1919 Hi there,

Tony, do you trade off 5 second charts only... or have to changed to 1min also?

Personally, I have been trading 5 second charts exactly a per your setup on post 1... but then scaplinga pip or or even a fraction of a pip... whatever the market delivers within 10/15 seconds... never lettingmy stop loss get below 2.5 pips. Guerilla style sniping if you get what I mean. If no profit is deliveredwith 15 seconds... just get out... it was not meant to be.

This is very safe trading. Three or four pips a day may not sound like much......

I replied below... with my other post... indeed, I don't think you can get safer than that lol. If I find anotherway I will sure share it.

Tony112 May 14, 2009 9:32am

keeps getting better and better, too bad the week is getting close to an end

Tony112 May 14, 2009 10:24am

this type of wma tangling with price action is useless with my system. I'm out for a few hours

Tony112 May 15, 2009 2:08am

1 Attachment(s)magnificent trades on magnificent news and magnificent ''L''s. Won't settle for nothing less. Let's risk 0.5 pips...should we?

Page 49: 5 Seconds L System

Tony112 May 15, 2009 2:13am

i'm thinking of trading some news... and starting to learn to trade the news... does anyone have a goodtechnique? other than mine?

Tony112 May 15, 2009 2:17am

admin, I don't mind if you move my thread to trading journals...how do we contact admin?

CindyXXXX May 15, 2009 2:43am

Quote:

Originally Posted by Tony112 i'm thinking of trading some news... and starting to learn to trade the news... does anyone have a goodtechnique? other than mine?

Sure Tony - Flip a coin and if it comes up heads go long. Its the opposite for shorts, if the coin comes up tails -go short... It's amazingly acurate

Tony112 May 15, 2009 2:53am

Quote:

Originally Posted by CindyXXXX Sure Tony - Flip a coin and if it comes up heads go long. Its the opposite for shorts, if the coin comesup tails - go short... It's amazingly acurate

oh yea? what if the coin falls and stands up vertical.... and rolls out of your path? what's gonna happen thenCindy? you're going to lose money again

Page 50: 5 Seconds L System

we have excellent teachers in here... that's why I wanted to move this thread in journals

CindyXXXX May 15, 2009 3:10am

Quote:

Originally Posted by Tony112 oh yea? what if the coin falls and stands up vertical.... and rolls out of your path? what's gonna happenthen Cindy? you're going to lose money again

we have excellent teachers in here... that's why I wanted to move this thread in journals

Well no system is 100% lol - Nice thread BTW I use a similar method on the 2m charts - Are you enteringon the break of the retracement trend line or the break of the swing low?

I like te idea of the 5 second charts I might have to get ninja trader and test it...

I used to watch V hands 1 hour chart on fast forward and it becomes very easy to ride the momentum whenyou see the push in one direction then the pause at the top of a candle that tics up and down withoutmurdering the first move then you clearly see the momentm kick in again and buy/sell and up/down it goes.

Very easy to see in fast forward - Not so easy in a normal speed market.

perhaps the 5 second chart is a much better visual of this I will have to test it. Cheers

Tony112 May 15, 2009 4:29am

1 Attachment(s)win some lose some... but let's try to win more than we lose

Tony112 May 15, 2009 4:42am

I'm still using my Central Banks and Big Players Method profit on is for last week is 1.64% on 1300$. Haven't

Page 51: 5 Seconds L System

update thread.

Tony112 May 15, 2009 4:47am

1 Attachment(s)trade taken

Tony112 May 15, 2009 4:48am

ok took about a dozen pips...

Tony112 May 15, 2009 4:51am

Ok, for all of the people following the thread from time to time:

I will soon ask the thread to be moved to JOURNALS and will update the thread mostly for my personal followup since I am now full time trading... another reason is that this thread doesn't have indicators and will neverhave some because it will simply not be as efficient.. it takes a human brain to succeed in this and this will staymy personal opinion, hence, you can follow my journey on the other side, when it will be moved, if you want to

Tony112 May 15, 2009 5:21am

1 Attachment(s)last trade taken

stevewide May 15, 2009 10:08am

Congratulations on a good method to safely trade; will have to try it.Steve

Page 52: 5 Seconds L System

Tony112 May 15, 2009 10:56am

thanks. safety before anything - in everything have a good week-end

hazel1919 May 16, 2009 3:01pm

"L" System Results 1 Attachment(s)Tony,

I believe this thread has incredible practical value since the power of the pip is grossly overlooked by themajority of traders.

Attached please find my results of trading the "L" system for the last three weeks. Roughly 80 trades haveyielded 27% profit. This was traded on a real live (albeit small) account.

That should be satisfactory by anyone's book. Like you, I keep a tight SL, but differ in that I grab the first profitthat appears within 15 seconds.

Now that is the definition of scalping.

Since Tony initated this thread, I assume he has kept a regular journal (any trader worth his salt should). Inthis case, I am sure the other readers would love to see his results.

In fact, we would love to see the published results of any trader who has used the "L" - 5 second concept.

After all... the proof is in the pudding.Copy of Daily_compounding_Results.xls

Tony112 May 16, 2009 5:29pm

Quote:

Originally Posted by hazel1919 Tony,

I believe this thread has incredible practical value since the power of the pip is grossly overlooked bythe majority of traders.

Attached please find my results of trading the "L" system for the last three weeks. Roughly 80 tradeshave yielded 27% profit. This was traded on a real live (albeit small) account.

That should be satisfactory by anyone's book. Like you, I keep a tight SL, but differ in that I grab thefirst profit that appears within 15 seconds.

Now that is the definition of scalping.

Since Tony initated this thread, I...

I will start posting my oanda statements soon looks very promising, you're very good. I will trade centralbanks system (journal) next week to see if I will obtain better results with my little modification in the systemthat I will post.

Page 53: 5 Seconds L System

Tony112 May 16, 2009 5:30pm

HI EVERYONE,I HAVE MOVED MY THREAD TO JOURNALS for 2 reasons. I do this to keep track ofmy trading and I don't permit indicators/EA to trade for meStill, Feel free to follow and comment

forexisfx May 17, 2009 3:35am

Quote:

Originally Posted by Tony112 HI EVERYONE,I HAVE MOVED MY THREAD TO JOURNALS for 2 reasons. I do this to keeptrack of my trading and I don't permit indicators/EA to trade for meStill, Feel free to follow and comment

don't worry, there wouldn't be any EA becoz oanda doesn't have mt4 and mt4 doesn't have 5 sec chart. Thereis no way anyone gonna make EA for this.

georgecotton May 17, 2009 2:58pm

Also this way you (hopefully) won't get people telling you to apply filter indicators and ways you can improveyour system, seeing as at the moment it looks perfect.

Great system man, wishing you the best in full time trading. Big chunk of holiday coming up for me, screwgoing out and enjoying summer, Lets get some chart time instead.

Now lets see some of those Oanda statements.

stevewide May 17, 2009 4:40pm

Hi Tony:In reviewing the tread, some of your entries have a clear L and others don't have an L at your entry. Have Imissed something? Would like to understand the difference.

Thank you,

Steve

darkness May 17, 2009 5:13pm

Quote:

Originally Posted by hazel1919 Tony,

I believe this thread has incredible practical value since the power of the pip is grossly overlooked bythe majority of traders.

Page 54: 5 Seconds L System

Attached please find my results of trading the "L" system for the last three weeks. Roughly 80 tradeshave yielded 27% profit. This was traded on a real live (albeit small) account.

That should be satisfactory by anyone's book. Like you, I keep a tight SL, but differ in that I grab thefirst profit that appears within 15 seconds.

Now that is the definition of scalping.

Since Tony initated this thread, I...

Well done hazel. You plan on continuing with this system?

I noticed that it is certainly more successful in my opinion that profit is taken soon and locking in few pipsinstead of chasing 30-50 pip drops. Overall few pips a few dozen times can really add up just like you proved.

Tony112 May 17, 2009 10:58pm

Quote:

Originally Posted by georgecotton Also this way you (hopefully) won't get people telling you to apply filter indicators and ways you canimprove your system, seeing as at the moment it looks perfect.

Great system man, wishing you the best in full time trading. Big chunk of holiday coming up for me,screw going out and enjoying summer, Lets get some chart time instead.

Now lets see some of those Oanda statements.

I agree, business before pleasure as always. After, we might roll in something even bigger for the end of thesummer. I spend most of my last summer in front of the pc even though I used to be someone that used to goout a lot before... When I have a goal I love to get lost and focus too... but during daytime there isn't muchprice action so I might enjoy a few BBQs & Piña coladas once in a while

M. Poirot May 18, 2009 6:48am

Quote:

Originally Posted by hazel1919 Attached please find my results of trading the "L" system for the last three weeks. Roughly 80 tradeshave yielded 27% profit. This was traded on a real live (albeit small) account.

After all... the proof is in the pudding.

Dear Hazel!Would You Post Your Oanda (or broker) account statement, too? There is a mistake in Your Excel sheet, andYour result should not be 27% with these results. I would like to check it.THX,M. Poirot

hazel1919 May 19, 2009 5:44am

Oanda Results 1 Attachment(s)

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Attached please find actual Oanda results. (My previous excel was extrpolated to $1000 starting balance forease of analysis.)

As I mentioned... I traded this as a small real-money account... using many trades... nipping a pip here and apip(ette) there.

The proof is in the pudding.

Whether I will have the same stability of mind to trade a big account with the same criteria remains to be seen.This is where the boys are seperated from the men.

I encourage others to post their results for all see. Surely someone else has got results to show here?Oanda Results.xls

stevewide May 19, 2009 6:34pm

does anyone have any experience scalping Eu 5 second chart entering when price goes beyond the Oanda pivotpoint outside lines? It seems to be good for 3-5 pip reversals.

Steve

Tony112 May 19, 2009 9:05pm

1 Attachment(s)felt bored, not good

Tony112 May 19, 2009 10:46pm

I'm down a bit on my new balance. Took a few losses. Need more volatility

lolpie May 20, 2009 10:10pm

Does this work with opposite L shapes that are above the WMA line? lol

Tony112 May 20, 2009 10:36pm

yes and no. here is how I see this: going down the stairs is easier than going up the stairs. funny you mightthink but in EUR/USD... it applies.. I don't know why but it does and I can tell this by looking at charts for325423.2 hours

ppc123 May 20, 2009 10:43pm

I believe your strategy is similar to those detecting outbreak of linear regression channel?

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Tony112 May 21, 2009 4:58am

1 Attachment(s)it moves a lot tonight

Tony112 May 21, 2009 5:00am

1 Attachment(s)for my personal lesson

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Tony112 May 21, 2009 5:02am

it moved so much this night I almost felt wind

Tony112 May 21, 2009 10:20am

Quote:

Originally Posted by ppc123 I believe your strategy is similar to those detecting outbreak of linear regression channel?

maybe but with a 5 sec chart is pretty sharp

Tony112 May 22, 2009 2:04am

Looking forward for similar things, tonight

Tony112 May 22, 2009 2:15am

1 Attachment(s)that was this morning

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Tony112 May 24, 2009 8:11pm

1 Attachment(s)hun%?@#?

Tony112 May 24, 2009 11:26pm

1 Attachment(s)a

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behof May 25, 2009 8:35am

Hi Tony !

First of all I like your pure style of trading I'm in a situation to build up my account to a such a level thatI can buy the ticket to a pro broker.

I'm coming from a low level and what I have learned during that timeis not to give up and have a real dream..

Focussing, discipline and good money management are the main toolsyou have to use.

Tony I have the following questions :

1. What leverage are you using (amount per pip) ?2. What about entering a trade on the 5 sec chart when price rises aboveor falls below the 150 WMA ?You can add a 2 SMA and trade the cross.3. I'm doing this with a 200 SMA and 2 SMMA and it works well for meon a 5 min chart.

Anyway keep up your good work and good luck for reaching your dreams

Bernhard

georgecotton May 25, 2009 5:37pm

Don't blame yourself for todays losses, remember today was a bank holiday for the brits and the yanks so therewas a lot less volume/liquidity and volatility so systems often don't work as well on bank holidays.

Page 61: 5 Seconds L System

Just a bit of food for thought.

Tony112 May 25, 2009 11:28pm

Quote:

Originally Posted by georgecotton Don't blame yourself for todays losses, remember today was a bank holiday for the brits and the yanksso there was a lot less volume/liquidity and volatility so systems often don't work as well on bankholidays.

Just a bit of food for thought.

thanks for all the positive thoughts, gotta stick to the plan

Tony112 May 25, 2009 11:31pm

Quote:

Originally Posted by behof Hi Tony !

First of all I like your pure style of trading I'm in a situation to build up my account to a such a level thatI can buy the ticket to a pro broker.

I'm coming from a low level and what I have learned during that timeis not to give up and have a real dream..

Focussing, discipline and good money management are the main toolsyou have to use.

Tony I have the following questions :

1. What leverage are you using (amount per pip) ?2. What about entering a trade on the 5 sec chart when price rises above...

its so important to have dreams... and a true passion ...

1. leverage 1:502. when price rises, it's not the same in EUR/USD.. from experience...the 2 sma could be helpful..but I learnedto use the less indicators possible...look at my other thread which is in systems.... CENTRAL BANKS AND BIGPLAYERS... this one has no indicator most of the time these days,... indicators are history and past3. if you can succeed on a bigger time frame, it's good for you...make sure you keep up

thanks for the motivation

DannyW May 26, 2009 1:21am

Hi Tony and thanks for sharing your method, I realy like the style of cutting those losses into 0 or small pipcounts.

I do have some questions, I noticed in your other thread you mentioned that the hit rate was around 85 to90% and was wondering why you would want to change your style.I have not completed reading this thread yet but have seen you quoting the same sort of results again.

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I just have this old saying in the back of my head, if it isn't broken don't fix.

Thanks again and will be watching the 5 sec chart with great interest.

Tony112 May 26, 2009 3:33am

1 Attachment(s)beautiful girly chart.. let's risk a pip for this one. i will never give up

Tony112 May 26, 2009 3:35am

Quote:

Originally Posted by DannyW Hi Tony and thanks for sharing your method, I realy like the style of cutting those losses into 0 or smallpip counts.

I do have some questions, I noticed in your other thread you mentioned that the hit rate was around 85to 90% and was wondering why you would want to change your style.I have not completed reading this thread yet but have seen you quoting the same sort of results again.I just have this old saying in the back of my head, if it isn't broken don't fix.

Thanks again and will be watching the 5 sec chart with great interest.

I keep on trying new things and that's the no.1 reason why I sometimes reduce my account... by trying totrade all sorts of other methods. I should only patiently wait for my only setup... it takes patience on the 5 secchart but it's worth it.

Tony112 May 26, 2009 3:47am

I learned to discipline myself by asking myself one question before I trade. I would risk 45$ for 5 pips. Would Irisk 450$ on the same trade? if the answers stays yes, I would go for it, if not, no trading.

Tony112 May 26, 2009 4:04am

1 Attachment(s)LOSS- cause: impatience for higher volatility consequence: pay

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Tony112 May 29, 2009 1:26pm

1 Attachment(s)some volatility today

Tony112 May 29, 2009 1:40pm

it's nice how history repeats itself...

GEfx May 30, 2009 12:21pm

Hi Tony,Thanks for your interesting thread. I so something similar on the 10M chart to what you are doing on the 5secchart. I watch the "L" form and trade the part that turns the "L" into an "N", and always with a defined trend.Thanks for your work/effort to share this information and I hope you make enough money to afford a smallisland and retire early.GEfx

Tony112 May 30, 2009 11:16pm

Quote:

Originally Posted by GEfx Hi Tony,Thanks for your interesting thread. I so something similar on the 10M chart to what you are doing onthe 5sec chart. I watch the "L" form and trade the part that turns the "L" into an "N", and always witha defined trend. Thanks for your work/effort to share this information and I hope you make enoughmoney to afford a small island and retire early.GEfx

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Thanks for the motivation. I'm definitely trying hard. Next month I'll be depositing a huge amount to trade withsince my medium trading account has been growing. On Friday I went to my local National Bank and the guynext to me deposited 2 MILLION in front of my face. No kidding. I spent a minute to talk with him, he was verydiscreet. Right now, the only way to come up with something similar is forex, I see no other choice. If anyonewant an inspiration here is what the dude said to me: "It's only by working hard that you will succeed".

GEfx May 31, 2009 9:30am

I think you are right about the forex. Problem is, in a few years, I might need $2 million to buy a cup of coffeehere in the US. BYW, I am a big fan of trading the Loonie.

hazel1919 May 31, 2009 9:59am

Growing the account with the "L" system

Quote:

Originally Posted by Tony112 Thanks for the motivation. I'm definitely trying hard. Next month I'll be depositing a huge amount totrade with since my medium trading account has been growing. On Friday I went to my local NationalBank and the guy next to me deposited 2 MILLION in front of my face. No kidding. I spent a minute totalk with him, he was very discreet. Right now, the only way to come up with something similar isforex, I see no other choice. If anyone want an inspiration here is what the dude said to me: "It's onlyby working hard that you will succeed".

Good stuff Tony... only by couragous real-money trading will your account grow. This is what seperates thewannabees with the doers.

I am intrigued though... taking a 2/3 pip loss versus a 20/40 pip win. Based on your trading history, could yougive us a rough idea of how many winning-versus-losing trades you have on record. I guess they call it yourwin/loss ratio.

If, for example you did 100 trades. 70 of them lost 3 pips (-210) and 30 won 10 pips (+300) you would have anet pip gain of +90 pips. Not bad in any book.

At any rate, some idea of how you are clipping along would give the rest of us a sense of proportion and anidea of what the system is capable of.

Many thanks,

Tim.

Tony112 May 31, 2009 1:36pm

Quote:

Originally Posted by hazel1919 Good stuff Tony... only by couragous real-money trading will your account grow. This is what seperatesthe wannabees with the doers.

I am intrigued though... taking a 2/3 pip loss versus a 20/40 pip win. Based on your trading history,could you give us a rough idea of how many winning-versus-losing trades you have on record. I guessthey call it your win/loss ratio.

If, for example you did 100 trades. 70 of them lost 3 pips (-210) and 30 won 10 pips (+300) you would

Page 65: 5 Seconds L System

have a net pip gain of +90 pips. Not bad in any book.

At any rate, some idea...

Hi Tim, let me put it that way: I am a lazy person sometimes and also a risk taker. Two things, when I amdisciplined with a huge account, I make it grow. Once I have profit, I tend to risk more and do anything... thenI start loosing a bit... If I stick to the plan and do my trading only when I have to. I am sure my account willalways grow. In the past week, I lost money. Not because my trading is bad, it's because I don't wait for theright times. As for stats, you have to remember one important factor. Out of 100 trades... 50 trades of minewill have a 0 PIPS STOP LOSS! which makes the system successful! For sure some of them will lose.... but assoon as I gain a few pips... I put a 0 stop-loss. If I don't get a chance to... I will lose max 4-5 pips that's it...but for stats... I am really unorganized... the only way I keep track is with my account. I know that I doubledan account very quick 2 months ago... after... I stated playing other stuff again trying new stuff and gettingimpatient... now I'm coming back with a bigger account, hopefully the discipline will kick in with biggernumbers, as you said. Don't trade with game accounts people... even if you have to trade on 100$ just do it

real money... you will still care when you lose 1$ and that will make you better and more disciplined! ))

Tony112 Jun 1, 2009 12:27am

news trades can be traded with L method... this week will be dedicated to only L method

Tony112 Jun 1, 2009 4:38am

1 Attachment(s)first trade taken

Tony112 Jun 1, 2009 5:23am

1 Attachment(s)2nd trade taken

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Tony112 Jun 2, 2009 9:13am

1 Attachment(s)that's nasty

candletrader Jun 8, 2009 10:59am

Question... Excellent system Tony...not much posting going on...hope you are still active in this forum.

Question: I use Oanda as well, and like to know how do you get your 5pips interval on the chart.

Do you trade only on openning hour during London and NY: just the first hour?

Thanks.

hazel1919 Jun 9, 2009 4:56am

Pip sniping results using the "L" System... Tony... (and others watching this forum)

I have increased my small live account up by 48% in six weeks using the "L" system exclusively. The onlydifference between me and Tony is that I snipe the first pip(ettes) that fall into the bag the moment theyappear. I commit 98% of funds to each trade and set my Oanda leverage at 50:1. I aim for 3 pips a day.

The result is a steady equity climb.

Quote:

Page 67: 5 Seconds L System

Originally Posted by Tony112 Hi Tim, let me put it that way: I am a lazy person sometimes and also a risk taker. Two things, when Iam disciplined with a huge account, I make it grow. Once I have profit, I tend to risk more and doanything... then I start loosing a bit... If I stick to the plan and do my trading only when I...

hazel1919 Jun 9, 2009 5:00am

Chariot Swopping Worst thing you can do in trading is "chariot swapping." ie swapping... altering or tinkering with a system inmid-stream.

It is the quickest way to destroy the psyke... Just stick with one method until you have proven over time that iteither yields or loses consistently.

Just as a sailor or pilot has to keep a log book... so too the trader has to log his journey. No log = no progress.How can one post results without a journal?

darkness Jun 9, 2009 1:37pm

Quote:

Originally Posted by hazel1919 Tony... (and others watching this forum)

I have increased my small live account up by 48% in six weeks using the "L" system exclusively. Theonly difference between me and Tony is that I snipe the first pip(ettes) that fall into the bag themoment they appear. I commit 98% of funds to each trade and set my Oanda leverage at 50:1. I aimfor 3 pips a day.

The result is a steady equity climb.

Hazel, What's your s/l ?thx

hazel1919 Jun 10, 2009 2:30pm

Stop loss I set my stop loss manually at -3 pips.

I have been stomped out many times at -3... which has simply forced me to revisit my entries.... to seek toexterminate impatience... mirages... overconfidence... gilding the lilly... chariot swapping and all the other devilsthat impede a good entry.

Sorry folks... there is no short-cut.

The market is a cruel master.

darkness Jun 10, 2009 11:10pm

Quote:

Page 68: 5 Seconds L System

Originally Posted by hazel1919 I set my stop loss manually at -3 pips.

I have been stomped out many times at -3... which has simply forced me to revisit my entries.... toseek to exterminate impatience... mirages... overconfidence... gilding the lilly... chariot swapping and allthe other devils that impede a good entry.

Sorry folks... there is no short-cut.

The market is a cruel master.

so its -3 s/l and tp as soon as its in + territory within about 15sec or so,thats what you been doing?

Tony112 Jun 11, 2009 12:27am

guys, I haven't had time to update since I trade while traveling

I want to ask your opinion. What do you guys think about placing a trade (3 pips stop loss) at London Open andNew York open. Take profit is 15-30 pips.

I've been trading from a portable device for a week and profits are rolling. Maybe I can come up with anothersystem with this. I want to know your opinions... NY & London open guaranty volatility and that's why I madethe profit.... will update you on that. Let me know what you think until I come back. Best regards. Tony

p.s. the trade is placed at 8:00:05 EST TIME or 3:00:05 EST TIME.... just when you see the price going in adirection.... could anyone make a backtest on this with EUR/USD?

Tony112 Jun 11, 2009 2:13am

1 Attachment(s)friends please look at this Frankfurt open... and tell me what you think... I am open to all suggestions and I'mthinking of starting a thread for it to.. or a journal.. while doing my L technique

Page 69: 5 Seconds L System

Sakis Jun 11, 2009 5:27pm

hello Tony

please tell me how to avoid range market?LAST 2 weeks i had 100 pips with your system

all was looking perfect

but 2daY i lost my profit on NY OPEN

I MUST LOOK ABOUT SLOW MARKET AND SMALL BODIES?

Tony112 Jun 15, 2009 3:23am

1 Attachment(s)monday

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Tony112 Jun 18, 2009 9:26am

1 Attachment(s)going thru some really hard times but still trading. keep ya head up

ForexSV Jun 20, 2009 3:13pm

Tony, are you trading nights still? I know you did before.

then how do you feel during a day after trading at night? sleepy or headache?

Thanks and good luck.

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Tony112 Jun 20, 2009 8:51pm

I think I got used to it... I sleep during the day... and try to sleep at least 5 hours.. but nowadays, I know Iruining my heath... that's why I try to eat better... but all that sleep loss has it's effects on me... and probably

some health effects will (or hopefully will not) come after....LOL That's why I quit my day job... now it's evenworse... I wake up on news events

Tony112 Jul 7, 2009 12:50am

history repeats itself and that is a fact 1 Attachment(s)yesterday, I was asking myself.... how many times am I gonna see this situation during my lifetime ...

ForexSV Jul 7, 2009 8:12am

Tony, how is your trading?

better.... the same?

what did you learn ?

Tony112 Jul 8, 2009 8:44pm

Quote:

Originally Posted by ForexSV

Page 72: 5 Seconds L System

Tony, how is your trading?

better.... the same?

what did you learn ?

Trading and learning is progressive... ideas are coming but easily wiped out. The best techniques still remain myL technique and the central banks trading method...Anyone that was following USD/JPY today the 8th of july

would agree. lol... I was away of course, I trade during the night, surprising indeed... the movement we had

JR_globalp Jul 8, 2009 10:16pm

im having a indicator made for ninjatrader which has 5 second charts Tony if you want a copy of it email me. basically its an alarm that will go off when the criteria are met on you rsystem. Its adjustable too so that you can change the pip and time intervals. It will be ready friday so justemail me and I will give it to you. [email protected].

Ninjatrader is free so dont worry about the cost.

Tony112 Jul 9, 2009 3:24am

1 Attachment(s)I believe that to be a successful trader, you have to become a FULL-TIME trader. And a determined player inthis. 100% of your main occupation should be trading... there's no compromise that this game will make for younor wait for you. I missed the USD JPY today and am still thinking about it.

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Tony112 Jul 9, 2009 3:58am

1 Attachment(s)let's hope I can still do this when I will get oldAt least I have more hope in this than my retiring fund

darkness Jul 9, 2009 12:28pm

Quote:

Originally Posted by Tony112 I believe that to be a successful trader, you have to become a FULL-TIME trader. And a determinedplayer in this. 100% of your main occupation should be trading... there's no compromise that this gamewill make for you nor wait for you. I missed the USD JPY today and am still thinking about it.

Nice move!

mackus Jul 10, 2009 5:26am

Page 74: 5 Seconds L System

Thanks for posting another system. I've followed your Central Banks thread and am interested to see yourprogress with this "L" system.

Tony112 Jul 11, 2009 10:57pm

Quote:

Originally Posted by mackus Thanks for posting another system. I've followed your Central Banks thread and am interested to seeyour progress with this "L" system.

L system will be soon improved, for almost 90% hit rate. Keep an eye on the thread.

Tony112 Jul 12, 2009 11:58pm

1 Attachment(s)good start

Tony112 Jul 13, 2009 12:01am

1 Attachment(s)'bout 10 pips

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ForexSV Jul 13, 2009 6:13pm

Hey, Tony whats up.

how many trades are you doing per session?

do you trade everyday?

Tony112 Jul 14, 2009 3:08am

Quote:

Originally Posted by ForexSV Hey, Tony whats up.

how many trades are you doing per session?

do you trade everyday?

yea, I try to trade everyday.... I would find about 1-2 setups per day like this

Tony112 Jul 14, 2009 3:08am

yea 1 Attachment(s)some japan money

Page 77: 5 Seconds L System

http://www.forexfactory.com/showpost...&postcount=240

Hi Tony, nice pattern

darkness Aug 3, 2009 8:50pm

eurjpy should offer you some nice setups every day

AndySW Aug 5, 2009 8:59am

Just to update the thread, to freshen up so to speak, a couple of questions:

1. Any info on the improved L system?

2. Do you still apply this system primarily on EUR/USD or also on other pairs?

ben10 Aug 6, 2009 10:29pm

Quote:

Originally Posted by AndySW Just to update the thread, to freshen up so to speak, a couple of questions:

1. Any info on the improved L system?

2. Do you still apply this system primarily on EUR/USD or also on other pairs?

i dont know where Tony is may be enjoying his profit but im still practicing this stuff and waiting his reply too

ben10 Aug 6, 2009 10:53pm

Page 78: 5 Seconds L System

Eddie_yes Aug 13, 2009 4:38am

Waiting for 90% hit rate Hi Tony ,

great & simple system. But yet still want more and it is the 90% hit rate system.

make it soon and all the best.

darkness Aug 13, 2009 3:11pm

whats your current hit rate Eddie?

Eddie_yes Aug 14, 2009 6:47am

Quote:

Originally Posted by darkness whats your current hit rate Eddie?

Just traded 6 time and now at 50%. 3 win 3 lose and best part win 45 pips and lose less than 30 pips. ursdarkness?

darkness Aug 17, 2009 10:41pm

Page 79: 5 Seconds L System

how did you lose 30pips? you didnt set s/l to zero once in positive?

Eddie_yes Aug 18, 2009 6:36am

Quote:

Originally Posted by darkness how did you lose 30pips? you didnt set s/l to zero once in positive?

my initial sl was 10 pips and normally i will let it ride with trailing stop, but sometimes it happen too fast. Now ilearn, we need to be very fast as well with the platform handling.

JR_globalp Sep 6, 2009 7:41pm

Here is an indicator for Ninja trader 1 Attachment(s)I paid a paid a programmer to make this indicator for Ninja trader. The reason I went with ninja trader isbecause their charts go down all the way to 1 second. Anyways the indicator is adjustable so that you caninput the time 5 sec, 10 sec etc and have it alert you by an alarm when it moves x amount of pips example Ihave mine set for if it moves 8 pips in 5 seconds and alarm goes off.

The reason Im posting this is I have 2 jobs right now and dont have time to test it. I am hoping someone willtest it for me. Im hoping that Tony wont mind. Tony email me at [email protected] if you wantme to start my own thread. I think the value in this is that you can keep track of more currency pairs at once.Just a thought.jrRangeAlert.zip

Tony112 Sep 14, 2009 1:47am

1 Attachment(s)L system still effective

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ben10 Sep 15, 2009 9:57am

Quote:

Originally Posted by Tony112 L system still effective

more screen shot please Tony! im loving it

Tony112 Oct 3, 2009 1:47pm

1 Attachment(s)this setup is nice

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Tony112 Oct 12, 2009 3:34am

1 Attachment(s)here we go again... I will keep count of how many times I see this during my lifetime...

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Tony112 Oct 12, 2009 3:35am

I'm actually looking at my collection of L charts on my living room walls and they look like twins almost

darkness Oct 12, 2009 10:44pm

Haha, i hear ya on that!

Nomnom Oct 29, 2009 10:42am

Quote:

Originally Posted by JR_globalp I paid a paid a programmer to make this indicator for Ninja trader. The reason I went with ninja traderis because their charts go down all the way to 1 second. Anyways the indicator is adjustable so that youcaninput the time 5 sec, 10 sec etc and have it alert you by an alarm when it moves x amount of pipsexample I have mine set for if it moves 8 pips in 5 seconds and alarm goes off.

The reason Im posting this is I have 2 jobs right now and dont have time to test it. I am hopingsomeone will test it for me. Im hoping that Tony wont mind. Tony...

Thanks JR Global for the alert. Can u pls tell me how to install the file as i am very new in ninja trader ?Anynews regarding the performance of the EA ?

Page 83: 5 Seconds L System

Thanks in advance,

N

fxkred Nov 23, 2009 10:03am

DownlAD the zip file, then from ninja control center : tools /new ninjascript.

ForexSV Nov 23, 2009 2:43pm

Quote:

Originally Posted by Tony112 I'm actually looking at my collection of L charts on my living room walls and they look like twins almost

Hey, Tony...

Whats your wife/gf, friends reaction when they see printed charts on your walls?

Tony112 Nov 27, 2009 11:01pm

Quote:

Originally Posted by ForexSV Hey, Tony...

Whats your wife/gf, friends reaction when they see printed charts on your walls?

My wife's reaction is none because she's been helping me with forex from the start. She's been watching chartswith me from the beginning and worrying too in the beginning with me when I was placing trades. She knowswhat those charts are very well.... guests and friends look at my with respect. Most people have respect forthings they don't know... some of them try to talk to me about stocks and telling me what to buy and what tosell... I always find that funny and pretend to listen to them.

gambler997 Feb 8, 2010 7:38pm

thanks 1 Attachment(s)

Page 84: 5 Seconds L System

I love the huge risk/reward ratio and 5 sec chartsMAX 3 Pips stop loss and using 90% of 50:1 leverage without stress

target 5 to 150 I have a lot of succes with usd/jpy

Thanks Tony

gambler997 Feb 10, 2010 7:38pm

1 Attachment(s)yesterday 3/3 b/e trades

today i'm done 1/1

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Sim Feb 10, 2010 7:51pm

good work batman!

nothin satisfies me more than people killing the simple 5sec charts....i love 10 and 30 myself but get a bittechnical

gambler997 Feb 11, 2010 7:43pm

1 Attachment(s)first one today

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gambler997 Feb 12, 2010 8:47am

1 Attachment(s)first one today break even behhh

I have believed!!!!

Page 87: 5 Seconds L System

sorry tony for the thread hijack

gambler997 Feb 12, 2010 9:02am

1 Attachment(s)i'm done -3 pips todayThe market don't want to cooperate.

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gambler997 Feb 14, 2010 8:25pm

1 Attachment(s)1/1 +4 pips +1%

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tenmilewalk May 8, 2010 1:33am

Hello tony, why are you not posting on this thread anymore?

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