Hi F,
Finally I decided to make my first post on your thread. I’m one of your biggest fans (not the alternative kind, though). I’ve been reading your threads from quite a while. As a matter of fact, I’ve read every single post on your other threads and have compiled a word document quoting every gold nugget that describes your method. It’s some 35 pages long atm. I even know that Basil is one of the most expensive dogs in the UK!
Unfortunately, I can’t follow you real time on this thread due to the time difference, but in my afternoon I rewind my charts and read your daily journal here. I think I have now a pretty good idea of the method, and I think it’s brilliant. I’ve been trading like this for some 1.5-2 months and I can see clearly it works. It requires a lot of focus, but overall it really works. Through this time, I’ve had some 3-4 losing days and of course I feel I need to improve a lot. I don’t have specific statistics, but trading some 4 hours (NY session), I can get 12-25 pips on 1 or 2 pairs (being GU my favorite). Not much for your standards (let alone MM’s), but trading 1% on 6 pips SL, it’s 2-4 % daily. I tend to close my trades too soon…need to work a lot on this bad behavior.
However, I’m so happy trading your method, that after 2,5 years on demo, I finally decided to open a real account. I’ll start soon real account…sort of nervous. I want to learn to manage my emotions in parallel with learning your method. Of course I’ll go with micro lots for some months.
I’m very wary of everything I read on these forums as, as you know, most of it is plain cr@p and full of people trying to take advantage of newbies. But when I started to read your method, everything made sense to me (I felt really connected!). I guess one must have spent some time scalping to really understand why it’s the most efficient way of trading. But hell, it’s not easy! Takes a lot of effort and dedication, something most people are not willing to do. I guess that’s where most of your alternative fan’s (I admire you’re such a gentleman with them) rage come from….they want your method in a cook recipe style without even bothering to read and practice your method.
As I said, I think I have a solid understanding of your method, but I have some questions and would like to discuss your philosophy on some specific trading scenarios. If you don’t mind, I’ll ask you on my subsequent posts. On this one I just wanted to introduce myself. But I’ll try to be more active on this thread.
Last but not least, I just wanted to say a big thank you for sharing your knowledge here for free. I just wish more people would take the time to appreciate it.
Cheers,
Keen246
