OPEN POSITIONS (0)
CLOSED POSITIONS
EURJPY - Bearish Pattern
USDCHF - Bullish 3 Drive (added 04.05.2011 - 14:28 GMT +1)
CANCELLED ORDERS
EURCHF - Bearish Butterfly (added 28.04.2011 - 13:45 GMT +1)
USDCHF - Bullish Deep Crab (added 29.04.2011 - 10:21 GMT +1)
EURUSD - Bullish 5-0 Pattern (added 03.05.2011 - 18:07 GMT +1)
EURGBP - Bearish Buttefly (added 29.04.2011 - 08:23 GMT +1)
EURJPY - Bullish Gartley (added 28.04.2011 - 22:16 GMT +1)
PENDING ORDERS (2)
GERMAN30 - Bearish 5-0
EURGBP - Bearish Gartley
http://my.jetscreenshot.com/3270/201...mj4z-131kb.jpg
That is the kind of Setups i like. We have perfect ratios.
SELL ZONE: 0.9116 - 0.9170 ... 54 PIPS
STOPLOSS: ~60 PIPS
TAKEPROFIT 1: Point B: 0.8940 ~ 175 Pips
RRR: 1:2,9
----------------------------------------------------------------------
Hi everybody,
i opened this thread because i really need help with my trading.
So far, i did very well but the last 2 month have been a catastrophe. My account is down 34%.
I have to stress that i know Moneymanagment very well and only trade with a min 2:1 RRR and customized positionsizes.
I used to trade from higher timeframes and made 20% and more each month in and out.
As i wanted to become more active as a trader and dont wanted to wait that long for my setups i began trading on an intraday basis. The system i used on higher timeframes is suitable for lower ones.
But for now it doesn't work for me and i know i can't force the system to work.
In the future i will post charts and setups interactively and hope you guys are interested in discussing these trade ideas.
But let me first explain how i work:
The fundament of my trading are harmonic price patterns as you can see them on harmonictrader.com
For my longer term trades i used the following in allignment with those patterns:
- Levels of Support & Resistance (horizontal, Trendlines, Channelprojections)
- MACD (only Divergences)
- COT Report (looking for extreme positioning)
Example:
http://my.jetscreenshot.com/3270/201...iheh-125kb.jpg
This is a possible scenario. There's no point to go long right now @ C. Price can move down further. The PRZ is about 70 Pips (note we are @ a daily chart) and the first TP is @ Point B 200 Pips. So almost 3:1.
On the Intraday Basis i use the following tools (the heart of the system are still the harmonic patterns):
- Support & Resistance
- Pivot Points
- Psychological Levels
- Yesterday High & Low
- MACD (only for Divergences)
I do not have to see all tools in confluence. The most important thing to me is support & resistance. Sometimes i trade them without harmonic patterns.
Example:
http://my.jetscreenshot.com/3270/201...an14-134kb.jpg
-----
http://my.jetscreenshot.com/3270/20110413-hd96-99kb.jpg
At the moment i have no actual loosing trades to show you. I will post them consistently. I would really appreachiate any help!
CLOSED POSITIONS
EURJPY - Bearish Pattern
USDCHF - Bullish 3 Drive (added 04.05.2011 - 14:28 GMT +1)
CANCELLED ORDERS
EURCHF - Bearish Butterfly (added 28.04.2011 - 13:45 GMT +1)
USDCHF - Bullish Deep Crab (added 29.04.2011 - 10:21 GMT +1)
EURUSD - Bullish 5-0 Pattern (added 03.05.2011 - 18:07 GMT +1)
EURGBP - Bearish Buttefly (added 29.04.2011 - 08:23 GMT +1)
EURJPY - Bullish Gartley (added 28.04.2011 - 22:16 GMT +1)
PENDING ORDERS (2)
GERMAN30 - Bearish 5-0
EURGBP - Bearish Gartley
http://my.jetscreenshot.com/3270/201...mj4z-131kb.jpg
That is the kind of Setups i like. We have perfect ratios.
SELL ZONE: 0.9116 - 0.9170 ... 54 PIPS
STOPLOSS: ~60 PIPS
TAKEPROFIT 1: Point B: 0.8940 ~ 175 Pips
RRR: 1:2,9
----------------------------------------------------------------------
Hi everybody,
i opened this thread because i really need help with my trading.
So far, i did very well but the last 2 month have been a catastrophe. My account is down 34%.
I have to stress that i know Moneymanagment very well and only trade with a min 2:1 RRR and customized positionsizes.
I used to trade from higher timeframes and made 20% and more each month in and out.
As i wanted to become more active as a trader and dont wanted to wait that long for my setups i began trading on an intraday basis. The system i used on higher timeframes is suitable for lower ones.
But for now it doesn't work for me and i know i can't force the system to work.
In the future i will post charts and setups interactively and hope you guys are interested in discussing these trade ideas.
But let me first explain how i work:
The fundament of my trading are harmonic price patterns as you can see them on harmonictrader.com
For my longer term trades i used the following in allignment with those patterns:
- Levels of Support & Resistance (horizontal, Trendlines, Channelprojections)
- MACD (only Divergences)
- COT Report (looking for extreme positioning)
Example:
http://my.jetscreenshot.com/3270/201...iheh-125kb.jpg
This is a possible scenario. There's no point to go long right now @ C. Price can move down further. The PRZ is about 70 Pips (note we are @ a daily chart) and the first TP is @ Point B 200 Pips. So almost 3:1.
On the Intraday Basis i use the following tools (the heart of the system are still the harmonic patterns):
- Support & Resistance
- Pivot Points
- Psychological Levels
- Yesterday High & Low
- MACD (only for Divergences)
I do not have to see all tools in confluence. The most important thing to me is support & resistance. Sometimes i trade them without harmonic patterns.
Example:
http://my.jetscreenshot.com/3270/201...an14-134kb.jpg
-----
http://my.jetscreenshot.com/3270/20110413-hd96-99kb.jpg
At the moment i have no actual loosing trades to show you. I will post them consistently. I would really appreachiate any help!