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Trading is as simple as 1-2-3

  • #5,501
  • Dec 18, 2017 8:04am Dec 18, 2017 8:04am
Quoting bojack34
{quote} Looking back at this trade I would have put in some more short orders in and play that bounce of the Supply Zone. I once heard a wise man say something about adding to losers . Never give up never surrender!!
If you trade fixed % of your account, that could be so dangerous that it could blow your account in hours. If that's your trading style, investment % in 1 trade would be much smaller.
  • #5,502
  • Dec 18, 2017 8:22am Dec 18, 2017 8:22am
Quoting netas369
Basically if this account wouldnt be demo, I wouldnt had taken this trade. Like we see previous day it was a huge price drawdown, now buyers trying to get back in, and get the price back to normal price. Basically it's a freight train, but I was hoping small swing, but for now buyers are to strong. That's my opinion why I lost this trade. {image}
I think your opinion is probably right!

Candle shape gives some clues as well, though obviously that's harder to see and interpret as it happens live.
  • #5,503
  • Dec 18, 2017 8:28am Dec 18, 2017 8:28am
Quoting lemercenaire
{quote} I think your opinion is probably right! Candle shape gives some clues as well, though obviously that's harder to see and interpret as it happens live.
The more I test this strategy the more I see that the signal candle shape is very important. That's very good reason to sit hours on the chart, to learn this strategy. For now I can't get consistent profit, but the more I sit, the better Im getting.
  • #5,504
  • Dec 18, 2017 9:46am Dec 18, 2017 9:46am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,505
  • Dec 18, 2017 9:52am Dec 18, 2017 9:52am
Quoting TooSlow
{image}
Where is the entry on this pair ?
  • #5,506
  • Dec 18, 2017 11:00am Dec 18, 2017 11:00am
Quoting netas369
{quote} Where is the entry on this pair ?
Was waiting for an entry when posted
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,507
  • Dec 19, 2017 3:14am Dec 19, 2017 3:14am
Attached Image (click to enlarge)
Click to Enlarge Name: 1219cf.png Size: 17 KB

Too this long CF last hour after it had set a new low +5 locked.
  • #5,508
  • Dec 19, 2017 3:26am Dec 19, 2017 3:26am
Attached Image (click to enlarge)
Click to Enlarge Name: 1219eg.png Size: 19 KB

Short EG +5 locked
  • #5,509
  • Dec 19, 2017 3:27am Dec 19, 2017 3:27am
Attached Image (click to enlarge)
Click to Enlarge Name: 1219ej.png Size: 17 KB

Short EJ +5 locked
  • #5,510
  • Dec 19, 2017 6:07am Dec 19, 2017 6:07am
I was looking back at my charts this morning doing a little analysis as I am prone to do. I generally but not always start taking my positions after one hour into London. Sometimes I will see a move before that and jump on it.

Of the pairs I track everyone of them got to +5 in that first hour trigger. This is usually not the case as pairs are making there trending moves during this time and making new highs or lows for a few hours. There was no news out and things tending toward rangy. So the results were AU +9, EU +11, EJ +10, GU +22, GJ +21, NZ +8, JY +7, CF +7, CA +9, EG +8
and I will throw in there AJ +7 and CACF +9.
  • #5,511
  • Dec 19, 2017 6:13am Dec 19, 2017 6:13am
Quoting hal7
I was looking back at my charts this morning doing a little analysis as I am prone to do. I generally but not always start taking my positions after one hour into London. Sometimes I will see a move before that and jump on it. Of the pairs I track everyone of them got to +5 in that first hour trigger. This is usually not the case as pairs are making there trending moves during this time and making new highs or lows for a few hours. There was no news out and things tending toward rangy. So the results were AU +9, EU +11, EJ +10, GU +22, GJ +21, NZ...
You spread that risk out such good info
  • #5,512
  • Dec 19, 2017 6:25am Dec 19, 2017 6:25am
Well it's just what I am looking at. I think I took 3 trades. Not enough time to pull them all off. Just an interesting observation as they all occurred at the same time. Deciding which one to take and when is the art of it. Experience, instinct, luck, and plain dead reckoning often determine that... Sometimes right, sometimes wrong but enough to stay in the black. That's a wrap for today...
  • #5,513
  • Dec 19, 2017 6:40am Dec 19, 2017 6:40am
Quoting hal7
I was looking back at my charts this morning doing a little analysis as I am prone to do. I generally but not always start taking my positions after one hour into London. Sometimes I will see a move before that and jump on it. Of the pairs I track everyone of them got to +5 in that first hour trigger. This is usually not the case as pairs are making there trending moves during this time and making new highs or lows for a few hours. There was no news out and things tending toward rangy. So the results were AU +9, EU +11, EJ +10, GU +22, GJ +21, NZ...
Wow, that's actually very good info, thank you.
  • #5,514
  • Dec 19, 2017 11:49am Dec 19, 2017 11:49am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,515
  • Dec 19, 2017 5:11pm Dec 19, 2017 5:11pm
End of day move UK time and as straightforward as they come. Added weight from the Supply Zone.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURJPYH1asstraightforward1-2-3Dec18th17_LI.jpg Size: 295 KB
  • #5,516
  • Dec 19, 2017 5:19pm Dec 19, 2017 5:19pm
Quoting lemercenaire
End of day move UK time and as straightforward as they come. Added weight from the Supply Zone. {image}
There was also a sweet HOLO out of this as well.
  • #5,517
  • Dec 20, 2017 2:39am Dec 20, 2017 2:39am
Attached Image (click to enlarge)
Click to Enlarge Name: 1220jy.png Size: 17 KB

Short JY +5 locked
  • #5,518
  • Edited 3:21am Dec 20, 2017 2:41am | Edited 3:21am
Magic hour coming up !

EDIT: EUR/USD; AUD/USD; USD/JPY Triggered.
Attached Image (click to enlarge)
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  • #5,519
  • Dec 20, 2017 3:04am Dec 20, 2017 3:04am
Carney this afternoon and then Crude Inventories should inject some life into proceedings...maybe, lol.
  • #5,520
  • Dec 20, 2017 3:21am Dec 20, 2017 3:21am
Short EJ - +9 locked and second position BE to run. Entry was on 1 min for better accuracy.
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