SAFE - KISS

Who old you that? LOL

Always lazy people looking for free meal. The best way to trade is by applying an excellent method like Rallfe has presented to you and using human instinct. A EA is too rigid will not trade as effective as you providing you follow the rules.

Quoting rick2flee
Have a system that works and fit to your trading style and when you have it ACT in every situation. Do not hesitate or have doubt on it or else it will ruin the whole structure of your trades.
++++++++++++++++++

Quoting tenthman

Disliked

{quote} Who told you that? LOL

Ignored

++++++++++++++++++++++++++++

This is common practice on higher time frames in particular.

Looking forward to this weeks trading and further testing of Rallfe's method. 10th man, i'm still in E/U trade short too. I am experiencing a big draw down. Not gr8, but it's ok for me as i'm ok with the amount i'm risking. While my SL hasn't been hit, i reckon i could've got out earlier as D1 looks to be trending up. (Note that this is not a pair that Rallfe lists on page 1 of the pairs he trades with this method). Usually i would trade with trend, but i'm happy to experiment with this method and find my way with it for now, which means trading it. I have a small account, so keeping my risk low. Be careful trading any new method with a live account. Best to demo it first. SAFE trading to all.

I was also in EU sell, but closed late Friday for -50. With EZ elections this w/e, I chose to bail.

So far lost 50 on UChf, am still in NU @ BE, and holding UCad around +220.

Looks like many pairs could be in play this week.

I have USDCAD, AUDUSD, GBPJPY, NZDUSD, EURGBP, EURJPY & XAUUSD on my watchlist at the moment. Probably going to bin EURGBP as it's been spending a lot of time going sideways recently. What are you all keeping an eye on this week guys?

Enjoying being short with this current selling on E/U. Maybe the USD is being bought as other USD pairs are responding in kind.

Sa12, i'm still short from last week on E/U, G/U, N/U. Long S&P 500. Good trading

Hi all.

Three open trades at the moment.

1st is XAUUSD, this one is on demo, added to it last week(I think my original entry was early). Daily chart.

2nd is GBPUSD, live trade with different broker short at 1.3873, sl at 1.4355. H4 chart with daily trend lines (H4 add on line, I think.)

3rd is AUDUSD , also live diff. broker, 3 positions avg. in at .7851, sl at .8007. H4 chart with daily trend lines (H4 add on line, I need to watch the videos again)

Trading small and trying to get a feel for it.

Kind of like the way NZDCAD looks. I would like to have something other than bets on the USD.

...3 trades:
1. eu short @1.2226 [email protected] ; currently @1.2335 (ca. -110pips dd)
2. gu short @1.3745 [email protected] ; currently @1.3800 (ca. -55pips dd)
3. au short @0.7805 [email protected] ; currently @0.7765 (ca. 40pips)

WTI H4. Buy Limit order set for possible retrace. Closed N/U for nice profit.



GBP/USD D1 Sell.

resscion

EUR/JPY D1. Watching where the daily candle closes on this pair. A bit of room to head south.

Ponyo, good luck with that trade.

Guitarbloke, Thanks I have not order yet.
wait until the supply zone,

Everyone makes their own trading strategies. It's better to analyze the market because it often repeats its actions.

WTI H4 In profit, heading for target. missed limit order, but got in at market price. Profit locked in and letting her run. SP500 bought and hit target. I closed EUR/USD short trade from last week, as draw down was getting too much because i had 3 positions open. Price did not/has not hit my SL, but In hindsight i entered a sell trade too low on chart which meant lower probability than if i had entered higher. Sell high, buy low with trend as they say. Anyway, i am happy that my Oil and SP500 trades offset E/U losses and my account is in profit. Lesson learned. All in all, the lines are giving me some good reference points to trade on the charts. More practice needed though. Thanks Rallfe.



Edit: CHF/JPY D1 Sell.

Worth another look for review.

NZD/CAD SL Hit (it was on the top, not like in the screenshot)

I could have taken it long on m15 and make a lot of money. But i'm trading less now, i am preparing for exams. So i'll be less active in the thread; Hope you taked it long guys. With this method there are tons of occasions... learn PA, read a lot of books and all will be clear, and i suggest you to give a look on these levels (Close/Open, Max, min of : d1, w1, mn, 3mn, 6mn, 12mn) if you trade m15 with this method. Cheers

Today got SL on EU & NU.
1) On NU I think I moved SL too early. Should have waited for two or three days

2) On EU I moved SL above consolidation. According to initial rules I should enter long now but I don't want to do it)) I think soon we will see continuation of the downtrend.


On both trades I had initial orders plus add-ons. Loss was normal as I managed my risk correctly.
Still have 4 open trades with add-ons on other pairs.