Hi Emmanuel,
Thanks for explanation.
Thanks for explanation.
- #80,422
- Jun 28, 2017 1:36am Jun 28, 2017 1:36am
Trading small but it must also keep floating drawdown to minimal and short duration. aiming for 10,000 pips. {image}
also trading small with MEME, nearly all JPY-Pairs runs fine till end of month
CADJPY D1
regards
- #80,426
- Jun 28, 2017 9:57am Jun 28, 2017 9:57am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} also trading small with MEME, nearly all JPY-Pairs runs fine till end of month CADJPY D1 {image} regards
instead of risking 15% to 30% per trade like Big E did, we trade with smaller lots place at different entry levels.
also Big E did not like price pullback and he exit his trades very quickly. This is good because his account drawdown are usually very short duration never more than 1 to 2 days from my study of his old posts.
It is very important to pick only the best setups like Big E did and we can run our trades into profits with minimal account drawdown duration.
JPY pairs went crazy at month end trading this week.
my best trade this summer and we shall see if this can heads to 15,000 pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,427
- Jun 28, 2017 10:00am Jun 28, 2017 10:00am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} 144.22 is rather tempting...
A few PMs asking bhow I got that 144.22.
Here below look at the MN chart and the price swing level.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,428
- Jun 28, 2017 10:02am Jun 28, 2017 10:02am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
GBPJPY Week 26 Jun 28 update;
Nice run today and now heading to potential resistance 145.526
If this breaks higher, we can see 148.447 as our next target.
Nice run today and now heading to potential resistance 145.526
If this breaks higher, we can see 148.447 as our next target.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,430
- Jun 28, 2017 10:13am Jun 28, 2017 10:13am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,432
- Jun 28, 2017 10:24am Jun 28, 2017 10:24am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} EURGBP Week 26 June 27: No sign of any bearish reversal and GBP remains the weaker of the two. Huge drawdown for those sellers at 0.8500 and 0.8550. 0.8800 is very nice big round number .. perhaps more want to buy at. {image}
EURGBP June 28 update:
Interesting Day today with an outside bar but still too early to sell.
Wait till the month end closing and start looking again next week in the new month.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,433
- Jun 28, 2017 10:28am Jun 28, 2017 10:28am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,435
- Jun 28, 2017 7:53pm Jun 28, 2017 7:53pm
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,436
- Jun 28, 2017 7:55pm Jun 28, 2017 7:55pm
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,438
- Jun 29, 2017 12:14am Jun 29, 2017 12:14am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Good morning London, its 6am.
EURUSD made new Day high during today' Tokyo session.
Asian markets traded positive and European markets will open soon.
With weaker USD, what can we expect?
Trade what we see on our trading charts
I was looking to long EURUSD since June 18, did manage 3 positions and with today Asian session making higher high, I move my Sl to just below yesterday' low.
Price Action is now at the BRN 1.14000 some call this psychological price level and usually we see reaction.
Will the 1.14000 reaction result in deep correction? we don't know and we must not assume that it would correct deep enough to make money.
I will see the first few hours of London session and may decide to take the money, +500 pips is good considering these are big lots positions.
EURUSD made new Day high during today' Tokyo session.
Asian markets traded positive and European markets will open soon.
With weaker USD, what can we expect?
Trade what we see on our trading charts
I was looking to long EURUSD since June 18, did manage 3 positions and with today Asian session making higher high, I move my Sl to just below yesterday' low.
Price Action is now at the BRN 1.14000 some call this psychological price level and usually we see reaction.
Will the 1.14000 reaction result in deep correction? we don't know and we must not assume that it would correct deep enough to make money.
I will see the first few hours of London session and may decide to take the money, +500 pips is good considering these are big lots positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,439
- Jun 29, 2017 12:42am Jun 29, 2017 12:42am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
USDCAD June 29 review:
With only 2 trading days left this month, here is a quick review and perhaps we can prepare for next month's trading.
I know some harmonics traders in lower timeframe are calling for bullish reversal and started buying.
As it is now, I stand aside until I see the MN close and make my trade plan for July 2017.
If it falls below 1.3027, I see it as choppy down to 1.2705 but the range is good for me to sell with ME/ME. Anything can happen in the market so I remember Big E way of picking trades, he picked only the best setups. Therefore, what were his selection criteria for 'best setups' trades? I like his Post#647 very much and that is his key post for me the past 5 years. I pick trades based on what is of higher probability using Price Action and Support/Resistance PASR.
With only 2 trading days left this month, here is a quick review and perhaps we can prepare for next month's trading.
I know some harmonics traders in lower timeframe are calling for bullish reversal and started buying.
As it is now, I stand aside until I see the MN close and make my trade plan for July 2017.
If it falls below 1.3027, I see it as choppy down to 1.2705 but the range is good for me to sell with ME/ME. Anything can happen in the market so I remember Big E way of picking trades, he picked only the best setups. Therefore, what were his selection criteria for 'best setups' trades? I like his Post#647 very much and that is his key post for me the past 5 years. I pick trades based on what is of higher probability using Price Action and Support/Resistance PASR.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,440
- Jun 29, 2017 1:04am Jun 29, 2017 1:04am
USDCAD June 29 review: With only 2 trading days left this month, here is a quick review and perhaps we can prepare for next month's trading. I know some harmonics traders in lower timeframe are calling for bullish reversal and started buying. As it is now, I stand aside until I see the MN close and make my trade plan for July 2017. {image} If it falls below 1.3027, I see it as choppy down to 1.2705 but the range is good for me to sell with ME/ME. Anything can happen in the market so I remember Big E way of picking trades, he picked only the best...
I'm also in USDCAD and have taken 3/4 from my position on the monthly swing level and leaving 1 position open, If it did not work I still have a small profit left over, but when price will break through the line and closed on daily below this level I will start again with building a position with MEME, next goals will be 1.2850 and 1.2600.
regards