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PA based LTG

  • #281
  • Aug 18, 2017 3:51am Aug 18, 2017 3:51am
Ensale,, how do we manage the trades with this strategy? Do we cut losses, or they are set and forget trades? NU and EU both losing, at the moment.
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  • #282
  • Aug 18, 2017 4:14am Aug 18, 2017 4:14am
what is rwl?
  • #283
  • Aug 18, 2017 4:19am Aug 18, 2017 4:19am
Quoting catalin_eros
Ensale,, how do we manage the trades with this strategy? Do we cut losses, or they are set and forget trades? NU and EU both losing, at the moment. {image} {image}
Hope you dont mind me comment ing on this Ensale?

I exited my NZDUSD for loss of 9 pips simple because I did not like the short-term price-action.

At the same time, I am sure the pair will fall but I was not in for the swing trade.

I guess this is a call only you can make...

Cheers.
  • #284
  • Aug 18, 2017 4:30am Aug 18, 2017 4:30am
Quoting krismitt
{quote} Hope you dont mind me comment ing on this Ensale? I exited my NZDUSD for loss of 9 pips simple because I did not like the short-term price-action. At the same time, I am sure the pair will fall but I was not in for the swing trade. I guess this is a call only you can make... Cheers.
I do not mind, not at all.

EU hit my SL, NU still struggling. The thing is that I do not mind losers, as long as the loss did not happen because I did something wrong. That is why I asked if the strategy is a set and forget one, or one in which we cut the losses. Ensale has been trading it for a while, so he must know which option is more profitable.
  • #285
  • Aug 18, 2017 5:13am Aug 18, 2017 5:13am
Quoting catalin_eros
Ensale,, how do we manage the trades with this strategy? Do we cut losses, or they are set and forget trades? NU and EU both losing, at the moment. {image} {image}
Set and forget on h4. manage the trade according to your experience . so use price action knowledge if it help's
It's in fear when people show what they truly value.
  • #286
  • Aug 18, 2017 5:23am Aug 18, 2017 5:23am
Quoting catalin_eros
{quote} I do not mind, not at all. EU hit my SL, NU still struggling. The thing is that I do not mind losers, as long as the loss did not happen because I did something wrong. That is why I asked if the strategy is a set and forget one, or one in which we cut the losses. Ensale has been trading it for a while, so he must know which option is more profitable.
NU could have a DT now forming
  • #287
  • Aug 18, 2017 5:28am Aug 18, 2017 5:28am
Quoting bistolis
{quote} NU could have a DT now forming
it's in a place where I will sell right up to .7375
the cautious seldom err....C
  • #288
  • Aug 18, 2017 5:38am Aug 18, 2017 5:38am
Quoting bistolis
{quote} NU could have a DT now forming
I dare say even a Tripple Top might be in play....or is it?
Attached Image (click to enlarge)
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Also looking a bit like a Head & Shoulder to me so time will tell. A break of the "Top" or a break of the 20 EMA will definitely tell.
Regards
  • #289
  • Aug 18, 2017 5:48am Aug 18, 2017 5:48am
Quoting ensale
{quote} Set and forget on h4. manage the trade according to your experience . so use price action knowledge if it help's
What I've also noticed that trader's with more experience like erebus etc. fine this method, and have their own way to develop . nonethless the private group has given me ideas on how to keep it simple for the guys slightly less experienced..

Will share in upcoming post's.
It's in fear when people show what they truly value.
  • #290
  • Aug 18, 2017 5:52am Aug 18, 2017 5:52am
AUDCHF going long until 50 fib and then awaiting a retrace..still trying to understand how this works

http://prntscr.com/ga0o63
Carpe Diem
  • #291
  • Aug 18, 2017 5:54am Aug 18, 2017 5:54am
Inserted Video


Here's a bit of an explanation on the swing failure setup (wick above the high) ... mind you the person in the video is not the inventor or originator.. just discovered and shared by him. I heard it before in this fx market.. his further development, research and the excellent explanation is why I share it here.
It's in fear when people show what they truly value.
  • #292
  • Aug 20, 2017 2:42pm Aug 20, 2017 2:42pm
NZDUSD H4
"Perfect" Double Top?

Attached Image (click to enlarge)
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Trade well.
  • #293
  • Aug 20, 2017 5:21pm Aug 20, 2017 5:21pm
Quoting krismitt
NZDUSD H4 "Perfect" Double Top? {image} Trade well.
Nice chart, even a triple if you look back a little further, and now those points are last week's high.

Now I have a suggestion for Ensale and others posting here, out of respect for the classical definition of Double Top & Double Bottom as defined by

https://en.wikipedia.org/wiki/Double..._double_bottom

I suggest that the shorter term patterns detected be labelled Double Touch (or Triple and so on) this will cover both highs & lows, no need for top & bottom.

Or we could use Double Touch Support & Double Touch Resistance

Because anyone coming here later will want to argue that these are not "true" tops & bottoms in the old fashioned definition

That is, the very highest & lowest turning points on a large time frame eg. weeks & months.

Your thoughts, good luck to all
It takes a lot for me to IGNORE you, but you can try.
  • #294
  • Aug 20, 2017 8:34pm Aug 20, 2017 8:34pm
Quoting frenchy.fx
what is rwl?
A question like this is usually ignored because no one can answer because there are no details or context provided.

The only reason I am taking time to respond is because I recognize the "RWL" and I posted the indicator that prints that on whatever chart you seen it.

R is for Range

W is for Week and D is for Day

L is for Low, conversely H is for High

Not so hard is it?

Basically an Average True Range that is projected from where the current High and Low are right now.

These levels are dynamic with that indicator, which means they move depending on how far price is going in one direction.

Once the Range is filled, the levels are fixed.

If I remember, I will re-post this chart on Friday to see how the RWL and RWH looks then

Good luck all

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #295
  • Edited 4:50am Aug 21, 2017 2:23am | Edited 4:50am
NU DT 15m chart
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USDCAD possible DT
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  • #296
  • Aug 21, 2017 5:22am Aug 21, 2017 5:22am
Quoting Erebus
{quote} Nice chart, even a triple if you look back a little further, and now those points are last week's high. Now I have a suggestion for Ensale and others posting here, out of respect for the classical definition of Double Top & Double Bottom as defined by https://en.wikipedia.org/wiki/Double..._double_bottom I suggest that the shorter term patterns detected be labelled Double Touch (or Triple and so on) this will cover both highs & lows, no need for top & bottom. Or we could use Double Touch Support & Double Touch Resistance...
That's fine... up to you what you call it.
It's in fear when people show what they truly value.
  • #297
  • Aug 21, 2017 5:29am Aug 21, 2017 5:29am
It's fair to say this thread has died down... ok now i look for a 5 experienced traders who can join group. no newbies etc..

erebus? you up for it...

previous week,, 2/3 trader's seem to be catching the concept.. 100-200 pips during the past week. I will working less in this thread.. leave it for you all to take it forward.. study the fib's etc.. keep it simple.. I will share slowly from time to time.
It's in fear when people show what they truly value.
  • #298
  • Aug 21, 2017 7:30am Aug 21, 2017 7:30am
Quoting ensale
It's fair to say this thread has died down... ok now i look for a 5 experienced traders who can join group. no newbies etc.. erebus? you up for it... previous week,, 2/3 trader's seem to be catching the concept.. 100-200 pips during the past week. I will working less in this thread.. leave it for you all to take it forward.. study the fib's etc.. keep it simple.. I will share slowly from time to time.
Hey ensale,
I am very interested to be a part of this group. I have been following but work has kept me very busy last two weeks. I like what you have going on here and would love to join in. thanks for your consideration
  • #299
  • Aug 21, 2017 7:40am Aug 21, 2017 7:40am
Quoting ensale
It's fair to say this thread has died down... ok now i look for a 5 experienced traders who can join group. no newbies etc.. erebus? you up for it... previous week,, 2/3 trader's seem to be catching the concept.. 100-200 pips during the past week. I will working less in this thread.. leave it for you all to take it forward.. study the fib's etc.. keep it simple.. I will share slowly from time to time.
Why do you think it had died down?

For me, the main thing, actually two main things, is understanding the differences between a DT/DB in a context of HH/LL or as a continuation.
The second thing is to be disciplined which I'm working towards achieving.
Sometimes I place a trade thinking "That's a DT/DB" and everything goes sideways from there and reverses on me, with a small account and too many trades or a SL placed too far, it means the end of the account (again )


I will share charts when I can but we're not allowed to upload images here at work and when I'm home I have little time to do anything other than packing these days but I'll do my best.


Anyways, thanks for the DT/DB, I completely forgot about it till now.
  • #300
  • Aug 21, 2017 7:46am Aug 21, 2017 7:46am
A quick chart before packing again.
A trade I took this morning, it might go down some more but before it breaks the "0" line of the fib (levels are taken from another thread) I will not place another trade.
Took some profit with fast TP and the second trade was stopped out on BE plus some pips.

[EDIT]
Thing is, this might also be a DB and price might bounce, these are the areas which I struggle with as I find myself "hoping" something or other will happen here.
I usually lose.

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