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6200trading Method

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  • Post #101
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  • Aug 11, 2019 9:00pm Aug 11, 2019 9:00pm
  •  6200trading
  • | Joined Jul 2019 | Status: Member | 105 Posts
In addition to the pending order on the AUDNZD, if I wasn't already in the EURUSD, I would look for an entry.
 
 
  • Post #102
  • Quote
  • Aug 11, 2019 9:06pm Aug 11, 2019 9:06pm
  •  6200trading
  • | Joined Jul 2019 | Status: Member | 105 Posts
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
 
 
  • Post #103
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  • Aug 11, 2019 9:22pm Aug 11, 2019 9:22pm
  •  Beerbelly
  • | Joined May 2017 | Status: Member | 78 Posts
Quoting 6200trading
Disliked
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
Ignored

I did put a sell already, this one seemed obvious to me as well. Sl just above the high, and reward at least 2x if not more...

Attached Image (click to enlarge)
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Size: 58 KB


Edit: this was EURUSD...

for USDCAD i thought to wait it out.. looks like an Ema cross soon to the wrong direction, but could be a pull back as well.
 
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  • Post #104
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  • Aug 11, 2019 9:35pm Aug 11, 2019 9:35pm
  •  yonnie
  • Joined May 2008 | Status: Member | 1,158 Posts
Quoting 6200trading
Disliked
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
Ignored
U/C is back to a support area at around 1.3200........from here it might go up or down, not clear to me........taking the oil price in consideration, I`ll pass on a short....
can hardly get into my own brain, let alone yours......lol............good luck anyway.
 
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  • Post #105
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  • Aug 11, 2019 9:38pm Aug 11, 2019 9:38pm
  •  Beerbelly
  • | Joined May 2017 | Status: Member | 78 Posts
Not sure if you are following gold. But there might be an opportunity coming up too there.

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  • Post #106
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  • Aug 11, 2019 9:42pm Aug 11, 2019 9:42pm
  •  yonnie
  • Joined May 2008 | Status: Member | 1,158 Posts
Quoting Beerbelly
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Not sure if you are following gold. But there might be an opportunity coming up too there. {image}
Ignored
will be a counter trend trade
 
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  • Post #107
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  • Aug 11, 2019 9:46pm Aug 11, 2019 9:46pm
  •  Inthebox
  • Joined Jun 2010 | Status: Member | 7,897 Posts | Online Now
maybe to sell at resistance
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ITB - Seeking Orderliness amongst 'Randomness'
 
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  • Post #108
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  • Aug 11, 2019 9:47pm Aug 11, 2019 9:47pm
  •  6200trading
  • | Joined Jul 2019 | Status: Member | 105 Posts
Quoting Beerbelly
Disliked
Not sure if you are following gold. But there might be an opportunity coming up too there. {image}
Ignored
If you look at that Gold chart ( and I do not follow Gold), it should be good when it comes back.
 
 
  • Post #109
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  • Aug 11, 2019 10:18pm Aug 11, 2019 10:18pm
  •  6200trading
  • | Joined Jul 2019 | Status: Member | 105 Posts
Quoting Inthebox
Disliked
maybe to sell at resistance {image}
Ignored
Not bad.
 
 
  • Post #110
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  • Aug 12, 2019 12:47am Aug 12, 2019 12:47am
  •  Inthebox
  • Joined Jun 2010 | Status: Member | 7,897 Posts | Online Now
Quoting Inthebox
Disliked
maybe to sell at resistance {image}
Ignored
sold. appropriate time to put to break even.
Attached Image (click to enlarge)
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Size: 63 KB
ITB - Seeking Orderliness amongst 'Randomness'
 
 
  • Post #111
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  • Aug 12, 2019 12:55am Aug 12, 2019 12:55am
  •  6200trading
  • | Joined Jul 2019 | Status: Member | 105 Posts
Quoting Inthebox
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{quote} sold. appropriate time to put to break even. {image}
Ignored
You're killing me. Maybe a thread is order for you.
 
 
  • Post #112
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  • Aug 12, 2019 12:59am Aug 12, 2019 12:59am
  •  Inthebox
  • Joined Jun 2010 | Status: Member | 7,897 Posts | Online Now
Quoting 6200trading
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{quote} You're killing me. Maybe a thread is order for you.
Ignored
? just applying to multi time frame.
ITB - Seeking Orderliness amongst 'Randomness'
 
 
  • Post #113
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  • Aug 12, 2019 7:36am Aug 12, 2019 7:36am
  •  grandfather.
  • | Joined Jun 2014 | Status: Member | 51 Posts
Quoting 6200trading
Disliked
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
Ignored
Hi!
In my opinion the reason is obvious.
The long-term trend of 6 months is down.
The medium term trend of 3 months is down.
The short-term trend of 1 month is up.
Based on this analysis, the one month uptrend should first be done "no Trend"

For this reason one has to wait especially when the chart is daily.
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Size: 90 KB
 
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  • Post #114
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  • Aug 12, 2019 3:54pm Aug 12, 2019 3:54pm
  •  emadmax001
  • | Joined Jun 2015 | Status: Member | 114 Posts
Hi 6200. I have subscribed to your thread. I have been trying to learn Forex for years now, without much success. The more indicators we add on the charts, the less we see what's happening. I like your method as it's simple to follow and I like MA's. Would it be possible to add occasionally some charts with the trades you took? I think the most difficult part for me (and probably for others) is when do you decide the pullback is over and you enter the trade? There are times when the price action just blasts through the 20MA and 50MA then gets rejected by the 200MA; sometimes it even penetrates the 200. When the pullback is in progress, do you enter a lower TF and study the candle formation or any other forex studies? (ie fibs, pivots, round numbers, resistance/support). Good luck with your thread.
 
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  • Post #115
  • Quote
  • Aug 12, 2019 6:24pm Aug 12, 2019 6:24pm
  •  emadmax001
  • | Joined Jun 2015 | Status: Member | 114 Posts
Quoting 6200trading
Disliked
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
Ignored
The most obvious sign to short that I can see is the gigantic rejection once the price action kissed the 200MA which also coincided with a round number (1.33000 level) however from what I can see the bulls are still in control.
 
 
  • Post #116
  • Quote
  • Aug 12, 2019 9:26pm Aug 12, 2019 9:26pm
  •  6200trading
  • | Joined Jul 2019 | Status: Member | 105 Posts
Quoting emadmax001
Disliked
Hi 6200. I have subscribed to your thread. I have been trying to learn Forex for years now, without much success. The more indicators we add on the charts, the less we see what's happening. I like your method as it's simple to follow and I like MA's. Would it be possible to add occasionally some charts with the trades you took? I think the most difficult part for me (and probably for others) is when do you decide the pullback is over and you enter the trade? There are times when the price action just blasts through the 20MA and 50MA then gets rejected...
Ignored
very often I will move to a lower timefame for entries and for places to put my stop.

The most important thing for you to grasp is that the actual idea to trade. The daily chart will give this.
 
 
  • Post #117
  • Quote
  • Aug 12, 2019 9:31pm Aug 12, 2019 9:31pm
  •  6200trading
  • | Joined Jul 2019 | Status: Member | 105 Posts
Quoting Inthebox
Disliked
{quote} sold. appropriate time to put to break even. {image}
Ignored
I apologize for getting short with you.
 
1
  • Post #118
  • Quote
  • Aug 13, 2019 1:52am Aug 13, 2019 1:52am
  •  Inthebox
  • Joined Jun 2010 | Status: Member | 7,897 Posts | Online Now
Quoting 6200trading
Disliked
{quote} I apologize for getting short with you.
Ignored
it's alright hit break even. a number of candle tails with lower high appeared earlier. the three sma for d1 and h4 pointing down. so bias is still down.
ITB - Seeking Orderliness amongst 'Randomness'
 
 
  • Post #119
  • Quote
  • Aug 13, 2019 6:40am Aug 13, 2019 6:40am
  •  TheCrusade
  • | Joined Mar 2016 | Status: Member | 84 Posts
Hey 6200trading,

thanks for sharing your thoughts and methods about trading.
Your contributions are very interesting to read and im looking forward to see more of this.

Would you like to share how many markets you are monitoring?


thanks and greetings
 
 
  • Post #120
  • Quote
  • Aug 13, 2019 6:35pm Aug 13, 2019 6:35pm
  •  6200trading
  • | Joined Jul 2019 | Status: Member | 105 Posts
Quoting TheCrusade
Disliked
Hey 6200trading, thanks for sharing your thoughts and methods about trading. Your contributions are very interesting to read and im looking forward to see more of this. Would you like to share how many markets you are monitoring? thanks and greetings
Ignored
For this thread, the majors and minors. No exotics. No Gold, no oil and no commodities or indexes.

BUT, this method will work trading anything, even those I just mentioned.
 
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