Working Stiffs

[Bob A]

Hi. My name is Bob Anderson (EUR/USD) and I am one of the working stiffs that gets home in the evening and has about 2 hours to watch videos, study and make trades. Funny thing is - I look forward to it every evening! I am working on developing a trade regimen for the 0:00 GMT timeframe.

So far, I have been setting buy-stop and/or sell-stop orders around the wide channel numbers looking for breakouts or bounces. I set the trades in the evening and let them trigger overnight if the numbers are hit. I have to set my trades during my 2-3 hour window in the evening or first thing in the morning (usually 6 AM EST) due to my working stiff schedule.

I have hit a few nice breakouts with TP1 and TP2 in EUR/USD and USD/JPY and gravy trains that have run a bit and then turned around. I have also managed to get whipsawed quite often. I think the whipsaws are mostly due to my entry timing since I get stopped out most often during the London session while I am sleeping. Drives me nuts.

What's scary is that sometimes I see the price charts in my sleep - geez. Anyone else have that happen? Kind of weird aaah.

I need to learn how to use the MT22 and ST21 reports in combination as I see potential there.

Wondering how many other working stiffs are out there trying to do develop a once a day evening trading regimen?

Joe - you're awesome, thanks so much for all the hard work that you and the OU team have put into this first month. Much appreciated from this working stiff.

[iluvgravy]

Hey Bob howzit,

You say you are seeing charts in your sleep - thats great - counting pips beats the hell outa counting sheep!!......also I bet you cant wait to start seeing yourself riding that gravy train in your sleep!!! Yebo!!

Keep up your enthusiam Bob and good luck:)!!

Cheers

[maddogpopp]

Bob, I too am a working stiff. Fortunately, I am able to scalp trades during the day using the 15 minute bars. I did take three trades from the OU Forex Trader Daily Report for Wednesday, April 8th directly from the report:

eur/usd N-sell break of 1.3200 and clear 3176 for 99 pips.

gbp/usd sell break of 1.4705/1.4700 and clear 1.4665 for 65 pips

usd/chf buy break of 1.1507 and clear 1.1547 for 100 pips

I see pips in my sleep when I can sleep. Taking this class was a wise move and Joe and his system is the best. screen snapshot attached.

Regards,
Jim (maddogpopp) Popp eur/usd

[Bob A]

Nice scalp trades Jim!

The numbers Joe's system generates are like magic:cool:. Wish I had the time during the day to jump on some of those trades when the S/R and Bias numbers are hit. I took one day off last week and was able to trade some during that day and made a quick TP1 of 40 PIPs on USD/JPY using 15 min. bars. That was the only chance I have had to trade the NY session to date.

Keep up the good work Jim.

Thanks for the words of encouragement Mike C!

[pipsterado]

Bob,

I am also in the same position that you are in with my job. I live on the east coast and have gone through and still going through the same concerns you are having. I have been with Joe for 2 1/2 years and still learning. It is difficult to tell you how to handle it not knowing your trading personality and risk tolerence. I have found that the best way to trade is to follow the weekly trend and pivot numbers for that week and use the daily charts for entries. If you use the ST21 chart to find the projected hi / low numbers and numbers between to find resistance or support areas to enter. I would enter in the direction of the weekly move and even better if the monthly trend is also in the same direction. Doing this you will have a deeper stop. Hope this helps it is a little jumbled

Jim

[J-Man]

Bob,

I too feel your pain. I spend way too many hours at the office and I am not allowed to have the RSS alerts fed to my work computer (kind-of makes them worthless for me). However, what I have done is purchase a Moto Q9H cell phone with an unlimited data plan, and I am trying to develop a mobile trading plan. Many brokers offer mobile trading solutions so I thought I would give it a try. So far, things have worked well for me. It takes a little more time for me to enter trades, but I think it is worth it. I really have to be disciplined with my documentation and carry my trading plan with me at all times. For instance, I can set up pending orders, or I can set up alerts, then execute accordingly. Last week I placed 4 pending orders from my phone, I went to a meeting came out with 270 pips. I will keep this up and let you know how I am doing.

Jeremy - EUR/USD

[Bob A]

Thanks Jim! Your 2-1/2 years of experience comes through in your message. I think us working stiffs need to think big picture swing trades and your suggestion to use weekly trend and pivot numbers to capture the big picture and then use the daily ST21 numbers to find entry points makes sense to me. The 50 PIP S/L I have been using is perhaps too tight for the longer term swing trades. I will start trying your suggestion in DEMO account. Thanks so much for posting.

[Bob A]

Jeremy,
Thanks for posting. I have thought about trying a mobile trading system and I will be curious to find out how well it works for you. One fear I have is that I may be too distracted by the alerts during my regular job. Keep me posted on your progress! Make some working stiff PIPS for us!

[J-Man]

Bob -

So far, all I have been doing is taking Joe's Daily Reports, both Potential and Recommended trades, and placing pending orders (Buy Stops and Buy Limits) into my phone. I set an alert on my phone for when the price hits my TP 1 levels so I know when to go adjust my SL. I enter all this data into my phone before I go to bed at night.

Last night /today I had 2 trades
EUR/USD for 179 Pips
GBP/USD for 92 Pips

This approach has worked well for me. I have only had 1 losing day (notice I said "Day" not Trades), which was becasue I set my stop losses too tight. I can place a limited number of indicators on the charts to aid in my entry/exit, but found it not to be necessary when following Joe's sheets. I cannot get the RSS alerts on my phone which would just be another tool.

At the end of the day, I see many potential trades that I may have missed from my inability to monitor the markets the way I would like. However, I am extremely happy with the results to date and cannot compalin with a 271 Pip day. These types of results have been frequent for me.

I hope this helps

Jeremy EUR/USD