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- doriotcapita replied Sep 18, 2014
AUD is just an example. Will work with any pair as long as the the price action is pretty sane.
Trend Trading at its simplest!
- doriotcapita replied Sep 18, 2014
Thanks for the info. Didnt realize the 89 was that similar; I did put it on my chart and they are quite similar. I do like using the trix however so I can more clearly see when price seems to be moving up as often price will blow through a level ...
Trend Trading at its simplest!
- doriotcapita replied Sep 16, 2014
Here are some more charts I am posting with explanations in them on why these are such amazing set ups. Also note the last one which will show up on the next post I meant to enter but did not. I did get into another JPY trade which ended up being a ...
Gatsby Trading Journal
- Trend Trading at its simplest!Started Sep 16, 2014|Trading Systems|15 replies
I wanted to share this system I have developed with the help of the THV thread. I had a ...
- doriotcapita replied Sep 12, 2014
Another recent daily set up and the power of patience! Here we had a break of the 60 and the first retest after the 60 went red. Notice the overbought conditions and so we have an official entry on the daily when stochastic crossed down and a red ...
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- doriotcapita replied Sep 12, 2014
Another daily I am watching here is the GBPAUD pair. Again we are at the 60 sma AND a powerful level of horizontal resistance. Looking at the weekly chart, we have negative divergence on the THV so that says it may want to come down and also, it is ...
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- doriotcapita replied Sep 12, 2014
Here is one that I am watching for next week. I like it because price has made a lower low and lower high and price is respecting the sma very well. Because this is a daily I would want to see a sell signal and then go into the h4 TF and get in at a ...
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- doriotcapita replied Sep 12, 2014
Ive decided to go through some h4 charts from the last few days to show some set ups that popped up so enjoy. The first one is cadchf; again, we had a tremendous support level due to the horizontal yellow support line i drew, the 60 green sma and a ...
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- doriotcapita replied Sep 12, 2014
Here is an AWESOME Aud/Jpy 5 minute trade from last night. My risk was 10 pips and my profits were 12 on half and 19 pips on the other half for a great trade. I actually got into this twice however. The first time, I placed my stop 1 pip too tight, ...
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- doriotcapita replied Sep 10, 2014
Just closed my first trade of the day on the NZDCAD H4. I did sleep til noon today LOL...late night last night so I didnt initiate any small trades but I do have on two swings. The second one is in profit with a breakeven stop. But anyways this is ...
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- doriotcapita replied Sep 10, 2014
Here I will mention the importance of PATIENCE. This is a chart I was watching last night. Was setting up for the perfect h4 sell on EURCAD. Like I have said before, I do not like to take long trades because then I have to worry about setting alarms ...
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- doriotcapita replied Sep 10, 2014
Another example of how POWERFUL the 60 sma is. Notice how many price reversals there are at the 60 level. The 60 acts as major support and major resistance on charts so often. Also notice the yellow box, how price came to the 60 and could not ...
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- doriotcapita replied Sep 10, 2014
Posting this chart as a reminder of why i said in my rules if price does not respect the 60 SMA then it is necessary to stay out of a trade. As I said before, if a sell trade potential is coming and price blows through the 60 and does not quickly ...
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- doriotcapita replied Sep 10, 2014
Here is the last trade of the day, but was actually my first trade of the day an the most important one! Why? Because i did not obey the rules and I got stopped out! If you look at the pic you will see a massive move up and then sideways ...
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- doriotcapita replied Sep 10, 2014
Here is my eurcad trade on the M5: This was def a bit tricky but i stayed with it and it paid off for another 1:1! I did get in just after the stoch cross after the candles turned white for a buy trade. Something I want to say here is price went ...
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- doriotcapita replied Sep 10, 2014
Here is the audjpy trade I took today based off the 5 minute time frame. Again, another NY session trade on this one. I saw price migrating slowly to the MA (which often is a sign of the markets inability to move higher in this case) so when I saw ...
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- doriotcapita replied Sep 9, 2014
Heres another trade I took today. Now this trade actually hit my target area BUT I was greedy and did NOT get out and so I paid the price and took 0 pips. I always try to take off at least half once it hits my 1:1 but for some reason I was being ...
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- doriotcapita replied Sep 9, 2014
Okay I just took an AUDUSD trade here as it is the ASIA session so im really only interested in asian traded currencies. First of all, we can establish we have a downtrend as the 60 sma is RED and the 20 SMA's have been trading below it. I love this ...
Gatsby Trading Journal