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PTL Goes Daily

  • #21
  • Edited 12:54pm Mar 28, 2018 12:39pm | Edited 12:54pm
i like trading breakouts of daily inside bars, having the trend behinde me (i realy like them if the breakout it's counter to the trend, but after some time price is going back in the direction of the trend, giving a slap on the face to everyone that put the stop to the low/high of the bar) i enter with a bigger position after market hit the stop loss of rest of traders.

p.s. i know someone how used to trade with 120 daily donchian channel and using sma50 as trailing stop (i don't trade like that, but if you will check you will find that the breakout from this inside bar it's also the breakout of the 120 daily low donchian channel in this case)
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Price itself it's an indicator
  • #22
  • Mar 28, 2018 1:04pm Mar 28, 2018 1:04pm
Quoting PayTheLimit
also looking at shorts in GJ around 150.80, for a chance at 147.80..... nothing else near by for now, end of the month soon, and I have a few trades to baby sit already....back later... {image}
Just drilled down on the H4 for the Dragon...

Not sure that I'd be throwing in stops at 150.8...that might be just where the party get's started.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23
  • Mar 28, 2018 1:17pm Mar 28, 2018 1:17pm
Placed a sell stop on EURGBP..

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  • #24
  • Mar 28, 2018 1:39pm Mar 28, 2018 1:39pm
Quoting Magix
{quote} Just drilled down on the H4 for the Dragon... Not sure that I'd be throwing in stops at 150.8...that might be just where the party get's started. {image}

just working off the daily man, nothing lower...

PS, AUD nearing that support...I'm gonna pass for now...
Look Sharp/Trade Tight
  • #25
  • Mar 28, 2018 1:45pm Mar 28, 2018 1:45pm
UJ blew thru me like I was cheese...next up I have 107.10 or so,which I'm not crazy about... but I'm gonna hold off and try shorts in GJ...
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Look Sharp/Trade Tight
  • #26
  • Mar 28, 2018 2:35pm Mar 28, 2018 2:35pm
Quoting PayTheLimit
{quote} just working off the daily man, nothing lower... PS, AUD nearing that support...I'm gonna pass for now...

.7650 on AUDUSD I reckon...

I've got a Buy Limit set with a grid EA to help out on it.



Play this one a little light...Not much matter what happens with it, will be able to get out. Reactionary point.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #27
  • Mar 29, 2018 12:02am Mar 29, 2018 12:02am
Not seeing anything new this morning, just gonna hold what I have....will work a few orders in GJ, UC, and GC....check em later....gl...
Look Sharp/Trade Tight
  • #28
  • Mar 29, 2018 12:09am Mar 29, 2018 12:09am
Quoting PayTheLimit
Starting to make the transition to trading off the daily, the time has come.
I too am tending to try to build positions with a view to holding for days, weeks and even months. You are right. Just as much of a pain! I'm subscribed.
Gone to a better place
  • #29
  • Mar 29, 2018 12:13am Mar 29, 2018 12:13am
Quoting PayTheLimit
{quote} Like I said, I've traded short term for a long time. I have nothing against it, how could I, I made my living on it for decades. But now I'm interested in spending less time at my desk. I should also say that whilst I'm transitioning to daily levels, and set ups, I will be looking to exit trades, at profits or losses quickly. I'm not just going to sit in stuff, well at least not my whole line, for ever. And yes, exits are always tricky. Getting in is easy by comparison I'd say. Interesting method there, looking for the over stretched market....
I think there is an opportunity to cut losses and cultivate gains more accurately on higher time frames. (This is do as I say not do as I do!) But what do I know?
Gone to a better place
  • #30
  • Mar 29, 2018 1:26am Mar 29, 2018 1:26am
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Last year's low. Everybody wants to short here.

"With the dampened blanket of excess liquidity finally being withdrawn, beware of what lies beneath…" Couldn't put it better.
Gone to a better place
  • #31
  • Mar 29, 2018 1:44am Mar 29, 2018 1:44am
Quoting smikester
{image}{image} Last year's low. Everybody wants to short here. "With the dampened blanket of excess liquidity finally being withdrawn, beware of what lies beneath…" Couldn't put it better.
important area on several counts, wondering if I should try some shorts at 107.10...yesterday btw was the largest up day in a year or so....don't know what that means, if anything...
Look Sharp/Trade Tight
  • #32
  • Mar 29, 2018 2:06am Mar 29, 2018 2:06am
Quoting PayTheLimit
{quote} important area on several counts, wondering if I should try some shorts at 107.10...yesterday btw was the largest up day in a year or so....don't know what that means, if anything...
I hope it means the dollar is doing well, the US economy is doing well and everything will be hunky dory. But I reckon a ladder of over-extended stops.
Gone to a better place
  • #33
  • Mar 29, 2018 2:20am Mar 29, 2018 2:20am
I like this thread.
GJ
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  • #34
  • Mar 29, 2018 2:21am Mar 29, 2018 2:21am
Quoting smikester
{quote} I think there is an opportunity to cut losses and cultivate gains more accurately on higher time frames. (This is do as I say not do as I do!) But what do I know?
"Give me a firm spot on which to stand, and I shall move the earth" Archimedes.
surely, when we find a trend we need to build a bigger possition. being able to catch 3000 pips or more from a 1000 pips move, that's the proper way to follow markets.
Price itself it's an indicator
  • #35
  • Mar 29, 2018 2:23am Mar 29, 2018 2:23am
any opinions on cable.....1.3920 looks like a damn good support. and we have been mostly up as of late....
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Look Sharp/Trade Tight
  • #36
  • Mar 29, 2018 2:31am Mar 29, 2018 2:31am
Quoting PayTheLimit
Starting to make the transition to trading off the daily, the time has come. Have tired of the intraday crap and am liking spending less time in front of the screen. Not to mention these damn screens have blinded me. Less is more, I've been saying it for years, now actually starting to see that its true, at least for me. Anyway, this is a spot to post your daily levels, ideas, observations. I know people post them elsewhere, but you have to sift through a gazillion short term charts most times. By no means do I suggest, or subscribe to the idea...
HI PTL

Good to hear from you.

Daily? Interesting.......
trading is simple but is simple is not easy.
  • #37
  • Mar 29, 2018 2:32am Mar 29, 2018 2:32am
Quoting PayTheLimit
any opinions on cable.....1.3920 looks like a damn good support. and we have been mostly up as of late.... {image}
My view cable
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  • #38
  • Mar 29, 2018 2:41am Mar 29, 2018 2:41am
Quoting ZenNy
{quote} HI PTL Good to hear from you. Daily? Interesting.......
Gu broke the PDL and now testing it....
trading is simple but is simple is not easy.
  • #39
  • Mar 29, 2018 2:52am Mar 29, 2018 2:52am
Quoting PayTheLimit
{quote} important area on several counts, wondering if I should try some shorts at 107.10...yesterday btw was the largest up day in a year or so....don't know what that means, if anything...
UJ looks set to head North.
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Conventional trading is for losers
  • #40
  • Mar 29, 2018 2:57am Mar 29, 2018 2:57am
Quoting ZenNy
{quote} HI PTL Good to hear from you. Daily? Interesting.......

Cheers mate, good to see you....

Yup Daily....old man trading...I can sit at the club, smoking my cigar, sipping my gin and tonics, wearing my ascot and acting like a big shot....
Look Sharp/Trade Tight
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