DislikedHi Guys,
I thought I would post the AUDJPY weekly chart, it is in an area where it is either going to break or drop like a rock again.
--NMIgnored
best regards
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DislikedHi Guys,
I thought I would post the AUDJPY weekly chart, it is in an area where it is either going to break or drop like a rock again.
--NMIgnored
DislikedAUDUSD is also ready for a breakout to the upside. Attached is the daily chart. Looking for a long entry on the hourly chart, but don't forget, in half an hour important news come out on aud. so enter only after the news have come out.
best regardsIgnored
Dislikedhehe, went exactly as I thought. But didn't get filled damn it. I am gonna try something here now. I am gonna enter at 0.9250 with a stop at 0.9208. I believe this is just the beginning of a move up, so I will take a longer term position on that one. It is just an experiment with only 0.5% of my account.
1st target: 0.9290, I will exit 50% of the trade
2nd target: 0.9390, I will exit 25% of the trade
3rd target: 0.9790, I will exit 12.5% of the trade
and finally 4th target: 1.0090, I will exit the rest.
R:R is around 1:5
best regards...Ignored
DislikedI haven't read through the thread yet, just browsed quickly. I will read through the old posts so I don't ask or repeat subjects that have already been discussed. In the mean time I thought I would add an old trade plan summary I made some time back that may fit in well with some of the methods used here. I have a the detailed plan knocking around somewhere too. If anyone is interested in it after reading the summary, let me know and I will dig it out.
Attachment
Cheers,Ignored
DislikedI haven't started trading yet, but have been following this thread with great interest. I would be interested in the 'detailed plan'. ThanksIgnored
DislikedGutsy trading...thats what I like to see.....
Good luck I almost did the same thing....now I can either say damn I am glad I did not do that or I can say I wished I would have followed his lead...
--NMIgnored
Dislikedhehe, went exactly as I thought. But didn't get filled damn it. I am gonna try something here now. I am gonna enter at 0.9250 with a stop at 0.9208. I believe this is just the beginning of a move up, so I will take a longer term position on that one. It is just an experiment with only 0.5% of my account.
1st target: 0.9290, I will exit 50% of the trade
2nd target: 0.9390, I will exit 25% of the trade
3rd target: 0.9790, I will exit 12.5% of the trade
and finally 4th target: 1.0090, I will exit the rest.
R:R is around 1:5
best regardsIgnored
DislikedI'm looking at same, but looking to enter off the h1 setup chart. Maybe around 0.9200 or so.
I'm with NM, gutsy trading, bold move.
How long are you planning to hold it ?
cheers
shomariIgnored
DislikedI haven't started trading yet, but have been following this thread with great interest. I would be interested in the 'detailed plan'. ThanksIgnored
DislikedHi Andy,
I have attached the detailed plan. I hope it is of some use. I called it a detailed plan but after reading through it, it is more of a methodology summary. It was created from stuff i learnt from Hector and some other traders over the years. Pull from it what you can. Any questions feel free to ask. You will see there is a lot of stuff in there that is already in this thread. I have no doubt NightMoves has probably given good explanations of the various techniques mentioned.
AttachmentIgnored
DislikedFrom what I read now, it is pretty much a good summary of the method. thanks for posting it on the thread!
Just one thing I would definitely exclude is the use of indicators (except maybe the SMAs and ATR), especially for newbies. I've been down the indicator road, and it has been an ugly experience.
So, for any newbie, I would advise to get rid of all oversold/overbought indicators & any bands. I believe a bounce of an S/R level says already everything. Most indicators will just clutter your charts and not give you any good information.
The less...Ignored
DislikedThot I share a trade I took today. Missed the usdcad short as there was no pull back even in 15 mins. Hope u guys caught it too.
Been playing off the oil lately , in fact this whole week ...so am inclined to be long cad.Ignored