"Trading...in a way, it's like trapping. I set the traps where I expect the best trades will be and if the pips walk into them the traps are sprung. If the move is too strong the traps automatically lets the pips out (after a 35 pip loss). Otherwise, it contains them until I check the traps and collect any pips that are in them."
This thread will be for live discussion regarding the trades and setups.
3. or no posting..
BICKER AND YOU WILL BE BANNED
The thread is currently opened to all traders that are learning how to trade and all those who want to contribute to the thread.
I will post in my thread when I have the time. All will be backed by charts. There are many good trade setups and some systems which are used for trading. I will explain why most of MA's system are not that good, and what is the main difference between trading MA crossovers and RSI for example. Also I will make directions like how to use R:R ratio, how to spot a good trade setup etc.
Congratulations Was hoping to post in a decent thread
Sweet and simple ...
Will be posting setups here as well with all the defined criteria..
My Eu trade
Here is yesterday's example of Breakout-Pullback-Continuation or how it is popularly called a "Retest-Continuation".
How do we determine a trend. By placing Trendline, MA ( 144 for example) or just by looking for zigzag's in up/down direction. I can spot the trend on sight, but u need screening time for that.
In this particular trade I took an entry after a retest of red line which serves as a continuation move. Just look at the picture. The price was manipulated a bit.. EU was waiting 11h to drop but it eventually dropped.
A valid trendline need to have 3 touches. 2 to capture the trend and 3 to validate it.
Also my partner and buddy BlacWid0w will post trades here.
He is an experienced trader but he doesnt post on FF. Believe me this guy rocks.
One of the best traders I have encountered so far.
Nice Charts good explanation...
I guess now that the move has happened a lot of traders say what next and try and scalp here and there and make mistakes...I dont want to make this a discussion thread but more of an Look at the chart logic and trade...
I really disagree with the traders that call longs and shorts just based on
I THINK SYNDROME.
Also alot members on other threads tend to call its going here there and everywhere...umm Why..
We will change things in this thread...
Soon after post number 5, no delay
If the move continues we might expect 4150. If the rate stays unchanged we are heading there. Tomorrow will give us cues, Friday also.
As I say- REACTION not PREDICTION
But New trades to come up this afternoon...
We will not count this as a trade due to that reason...
I'm not much around these days, but i'm looking forward to keeping an eye on this one! I remember I went through your charts a few months back and definitely picked some great stuff. So this should be good
What to expect from this thread ?
Trading Session Times: 7:00 to 16:00 GMT
How Many Trades: Probably a Maximum of 4 Trades a day.
Stop Loss on Trades: Max 40 ( This is determined by the stop Loss)
Target on trades : Wait and see ...
Major Rule : Stop Loss is Stop Loss Either hit it or give us the profit
Trade discussion only after the trade has completed.
Statergy: This will be discussed as we go.
Reason for opening this thread:CLARITY ON FX TRADING NOT JUST POSTING PROFIT BUT LOSS TRADES AS WELL and trying to understand why the trade went wrong..
Just want to congrat you for starting this thread !
I'm sure it will be useful for many traders on FF.
T is very self-disciplined, consistent and honest - a real professional trader from Balkans
Успех! and many green pips to ALL
Congratulations on a thread which I am sure will turn out great my Friend! I don't post in the EU thread - too messy and hostile for me. But will follow and post charts here once in a while if you don't mind. I trade on completely naked charts; only S/R concepts & trends.
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