{quote} {quote} Don't you just hate that! it drives me nuts... When you are not trading it hits every target you think of...when you are in the trade its always short of your TP by a pip or 2. The herculean task of becoming a successful trader!
- Post #26,721
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- Jan 15, 2014 1:45am Jan 15, 2014 1:45am
- Post #26,722
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- Edited 2:44am Jan 15, 2014 2:23am | Edited 2:44am
{quote} As requested, Tuesdays trade in progress. I didn't follow my weekly plan as i should have entered Long yesterday when i closed my sell.. But i imagined that price would go down some more (maybe it will from here) So today i find myself jumping the gun..Not sure if this is part of the system.. I have gone down to the H1 and found an area that i thought looks good for a long trade. you can see Buy/st/tp on the charts. Hope this helps.. {image}
I made 2660 pips on that trade!
NOT...
I did say i jumped the gun in my defence. Price has also returned to the area where I was originally looking to buy from.
I didn't wait for the BPM (breakout, pullback. move away)
Lessons learnt.
I had a profit over 20 pips at one stage, i should have moved to BE.. Never let a winner turn into a loser (famous trade quote) anon
Phillip.
Take the odds on. High probability. (i took the odds on before any BPM so low probability) ouch.
I have taken a CT trade long but only looking for 10-15 pips... danger but everything looked right when checking.
(the 365 is not showing on my chart but on the H4 price is bouncing on the 365 and could go to the 200..trapped between them...take the odds on!
I am waiting for BPM...price is not showing itself on the EU....could be going South as shown on my charts or could go North which is expected..
I will sit this out until we get a BPM either way..
Happy pippin all..
damn, blast, bugger, idiot, knobhead, dickhead, wally, plonker, moron, sausage
(first words i said to myself when i opened the charts this morning and saw my winner going to a loser)
- Post #26,724
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- Edited 11:41am Jan 15, 2014 8:50am | Edited 11:41am
I got involved in EURUSD
2 charts are shown: daily , then the 4hrs chart. target are way down.
It is making a TC, not a boz, sorry.
On the daily, where It Is written pull backs: It Is because it is a pull back to the neckline, before moving away.
On the 4hrs chart: that same pull back: there is a break of the 21ema(in blue), then a pull back followed by the move away, and a divergence on the macd.
the pair is now driving on a free ride...
secured:35 pips....and closed trade.
2 charts are shown: daily , then the 4hrs chart. target are way down.
It is making a TC, not a boz, sorry.
On the daily, where It Is written pull backs: It Is because it is a pull back to the neckline, before moving away.
On the 4hrs chart: that same pull back: there is a break of the 21ema(in blue), then a pull back followed by the move away, and a divergence on the macd.
the pair is now driving on a free ride...
secured:35 pips
....and closed trade. 
Yvon
- Post #26,725
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- Edited 11:25am Jan 15, 2014 11:01am | Edited 11:25am
In the EURAUD pair: just a RT targeting the 21ema for about 60 pips
But I used the 1hr chart as fine tuning entry, there is also a divergence in the macd.
secured 15 pips.
trade now closed for 60 pips gain.
But I used the 1hr chart as fine tuning entry, there is also a divergence in the macd.
secured 15 pips.
trade now closed for 60 pips gain.
Yvon
- Post #26,726
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- Jan 15, 2014 12:46pm Jan 15, 2014 12:46pm
- | Commercial Member | Joined Nov 2006 | 2,223 Posts
- Post #26,727
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- Jan 15, 2014 2:19pm Jan 15, 2014 2:19pm
Me too Yvon:
Euro finally gave me what I have been waiting for. During my sleep time price moved to +35 which is more than 1/2 way to target. Usually I will take 50% off there & move the rest to B/E+2. Did not get the chance to do this so have to be content with a free trade now and rely on a continuation further down. Worst case here is +2. But as we all know, it is painful to watch a 35 winner turn round to a +2.
Euro finally gave me what I have been waiting for. During my sleep time price moved to +35 which is more than 1/2 way to target. Usually I will take 50% off there & move the rest to B/E+2. Did not get the chance to do this so have to be content with a free trade now and rely on a continuation further down. Worst case here is +2. But as we all know, it is painful to watch a 35 winner turn round to a +2.
- Post #26,728
- Quote
- Jan 15, 2014 3:15pm Jan 15, 2014 3:15pm
Me too Yvon: Euro finally gave me what I have been waiting for. During my sleep time price moved to +35 which is more than 1/2 way to target. Usually I will take 50% off there & move the rest to B/E+2. Did not get the chance to do this so have to be content with a free trade now and rely on a continuation further down. Worst case here is +2. But as we all know, it is painful to watch a 35 winner turn round to a +2.
I sympathize with you, not easy sometime! But, as you said: in the worst case, you are still a +2.
Yvon
- Post #26,729
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- Jan 15, 2014 4:33pm Jan 15, 2014 4:33pm
Me too Yvon: Euro finally gave me what I have been waiting for. During my sleep time price moved to +35 which is more than 1/2 way to target. Usually I will take 50% off there & move the rest to B/E+2. Did not get the chance to do this so have to be content with a free trade now and rely on a continuation further down. Worst case here is +2. But as we all know, it is painful to watch a 35 winner turn round to a +2.
Nice trade Binnie, you warned me in a previous post..that is could go either way but i went bullish ..
Go the EURO ( either way will do
I got caught out but today did some scalping and got back what i lost...Its a little bit more difficult trading on my phone at work, no trendlines etc..
But the rhythm has to be in tact for it too work..
Now waiting again on the EU but looks bearish..hopefully have a chart in the (UK)morning to show.
Thanks Trademin too and Phillips video (not yet watched and learnt)
- Post #26,730
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- Jan 16, 2014 1:05am Jan 16, 2014 1:05am
Hi Guys:
Can anyone help here with this please?
I am still in this Short from earlier today but I am now starting to see a possible run back up towards the H4 neckline.
Any comments.
Yvon - this is your area of expertise I believe. What do you reckon??
Can anyone help here with this please?
I am still in this Short from earlier today but I am now starting to see a possible run back up towards the H4 neckline.
Any comments.
Yvon - this is your area of expertise I believe. What do you reckon??
- Post #26,731
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- Jan 16, 2014 2:49am Jan 16, 2014 2:49am
Hi Guys: Can anyone help here with this please?
Yvon
- Post #26,732
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- Jan 16, 2014 3:24am Jan 16, 2014 3:24am
{quote} that 's my view, anyone can have a different view, but there it is:
Thankyou my friend. It is amazing how we can have different views of what the market might do....
I will very happy to see a good old TC on the Macd H4. But if it doesn't come - then I will switch my anticipation to riding back up to that neckline above. Just need a solid pattern candle to let me get in.
Don't forget USA Data -employment figures then Bernancke.
Be safe guys.
Hey Richard - pleased you managed to get out ok,
Catch you tomorrow after the news.
- Post #26,733
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- Jan 16, 2014 1:27pm Jan 16, 2014 1:27pm
- | Commercial Member | Joined Nov 2006 | 2,223 Posts
- Post #26,734
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- Edited 3:21pm Jan 17, 2014 8:35am | Edited 3:21pm
{quote} that 's my view, anyone can have a different view, but there it is:
I am in now, 1.3596, having a free ride down,
Now 55 pips secured
Yvon
- Post #26,735
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- Jan 17, 2014 8:47am Jan 17, 2014 8:47am
{quote} EURUSD: I am in now, 1.3596, having a free ride down,
yep..US is very strong, just closed UsdCad +30 pips...good enough for me..
...love this strategy....good nite....
- Post #26,736
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- Jan 17, 2014 9:14am Jan 17, 2014 9:14am
{quote} yep..US is very strong, just closed UsdCad +30 pips...good enough for me..
Congrat!
Yvon
- Post #26,737
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- Jan 17, 2014 1:19pm Jan 17, 2014 1:19pm
- | Joined Dec 2013 | Status: It's all about S/R | 256 Posts
- Post #26,738
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- Jan 17, 2014 1:22pm Jan 17, 2014 1:22pm
Hey Hey EurUsd trade. {image} {image} {image}
congrat!
Yvon
- Post #26,739
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- Jan 17, 2014 1:27pm Jan 17, 2014 1:27pm
- | Joined Dec 2013 | Status: It's all about S/R | 256 Posts
{quote} hey! It is a nice shot!
Looking at the daily chart it could still go another 100 pips to the 200sma.
- Post #26,740
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- Jan 17, 2014 1:34pm Jan 17, 2014 1:34pm
- | Joined Dec 2013 | Status: It's all about S/R | 256 Posts
