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Price Actions- EurUsd

  • #861
  • Apr 4, 2019 8:15am Apr 4, 2019 8:15am
Quoting abajiga
{quote} I'm in for a sell in usdsgd
i'm still in both from earlier.

Will have look for some you tube videos tonight on trade timings, frustrating im not getting it
  • #862
  • Apr 4, 2019 8:50am Apr 4, 2019 8:50am
Quoting oblong
{quote} i'm still in both from earlier. Will have look for some you tube videos tonight on trade timings, frustrating im not getting it
I added more position...
Time Is Money
  • #863
  • Apr 4, 2019 8:51am Apr 4, 2019 8:51am
Hopefully thats the high, it hit the upper limit drawn in last night
Attached Image (click to enlarge)
Click to Enlarge Name: USDSGD.JPG Size: 132 KB
  • #864
  • Apr 4, 2019 8:53am Apr 4, 2019 8:53am
Quoting oblong
Hopefully thats the high, it hit the upper limit drawn in last night {image}
i believe so, you got it right
Time Is Money
  • #865
  • Apr 4, 2019 9:53am Apr 4, 2019 9:53am
Oil Hit buy target as well for a bounce trade... I missed that
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Oil.JPG Size: 146 KB
  • #866
  • Apr 4, 2019 9:56am Apr 4, 2019 9:56am
Quoting oblong
Oil Hit buy target as well for a bounce trade... I missed that {image}
Easy now...two trades are max u can do
Time Is Money
  • #867
  • Apr 4, 2019 9:59am Apr 4, 2019 9:59am
Quoting abajiga
{quote} Easy now...two trades are max u can do
haha...... "Get Out The BIG GUNS"...

I know, cant if i wanted too.....No margin left

I screwed it right up today. Down on GBPNZD, reckon thats going to purple line posted last night
Attached Image
  • #868
  • Apr 4, 2019 10:27am Apr 4, 2019 10:27am
Quoting oblong
{quote} haha...... "Get Out The BIG GUNS"... I know, cant if i wanted too.....No margin left I screwed it right up today. Down on GBPNZD, reckon thats going to purple line posted last night {image}
This is what I meant with some trade you have to leave at 1PM. Signals change. But this will come back again up.
Time Is Money
  • #869
  • Apr 4, 2019 10:48am Apr 4, 2019 10:48am
Quoting abajiga
{quote} This is what I meant with some trade you have to leave at 1PM. Signals change. But this will come back again up.
Yeah its all learning. I dont have problems with entries, last night I even went back over the picks and confirmed with FIBS, the purple and yellow lines were pretty much bang on with FIBs.

Its the timing and relation to different sessions (London, US, Asia)I need to get my head around.
  • #870
  • Apr 4, 2019 10:51am Apr 4, 2019 10:51am
Quoting oblong
{quote} Yeah its all learning. I dont have problems with entries, last night I even went back over the picks and confirmed with FIBS, the purple and yellow lines were pretty much bang on with FIBs. Its the timing and relation to different sessions (London, US, Asia)I need to get my head around.
You need to track your signal. Try to find out more about the trade setup combined with signal and your time of exit. Try to scan and find out the characteristics of different signals. How long they last in between the time it starts the time it ends.
Time Is Money
  • #871
  • Apr 4, 2019 10:53am Apr 4, 2019 10:53am
Quoting abajiga
{quote} You need to track your signal. Try to find out more about the trade setup combined with signal and your time of exit. Try to scan and find out the characteristics of different signals. How long they last in between the time it starts the time it ends.
How do you mean by signals and trade setups, you mean bull and bear flags etc?
what time frame do you monitor on?
Oil would of been good trade today, nearly 80 pips since hit purple line around 2pm
  • #872
  • Apr 4, 2019 11:06am Apr 4, 2019 11:06am
Quoting oblong
{quote} How do you mean by signals and trade setups, you mean bull and bear flags etc? what time frame do you monitor on? Oil would of been good trade today, nearly 80 pips since hit purple line around 2pm
let's say for example the current sell we in now, the signal for sell starts around 3PM. This sell will last around 3PM - London open. Between this window time frame. Make sure you take your profit and don't stay till London open. In other words, close the trade position before London opens.
Time Is Money
  • #873
  • Edited 11:23am Apr 4, 2019 11:13am | Edited 11:23am
Lets take this example.
You entered for a bounce trade.
You entered at the green zone (first arrow facing UP)
The market went up about 8 pips in profit then it took a dive.
At the lowest point you add more positions (red stars) but this time you come out where you entered (first arrow facing up) knowing that this trade is no longer a bounce trade.
This way you managed your trade well and in profit
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.SBM1.png Size: 27 KB
Time Is Money
  • #874
  • Apr 4, 2019 11:21am Apr 4, 2019 11:21am
Quoting abajiga
{quote} let's say for example the current sell we in now, the signal for sell starts around 3PM. This sell will last around 3PM - London open. Between this window time frame. Make sure you take your profit and don't stay till London open. In other words, close the trade position before London opens.
What if you opened a position at 5pm after London shut, would this then last from 5pm - US open next day or would it still be London Open next day?
  • #875
  • Apr 4, 2019 11:25am Apr 4, 2019 11:25am
Quoting oblong
{quote} What if you opened a position at 5pm after London shut, would this then last from 5pm - US open next day or would it still be London Open next day?
Normally with this trade you have be in around London open and out by 3PM max
Time Is Money
  • #876
  • Apr 4, 2019 11:42am Apr 4, 2019 11:42am
Quoting abajiga
{quote} Normally with this trade you have be in around London open and out by 3PM max
What if it wasnt for this particular trade. And you entered at 5pm or even Asia open, would rule still apply be out next day by London Open?
  • #877
  • Apr 4, 2019 11:45am Apr 4, 2019 11:45am
Quoting oblong
{quote} What if it wasnt for this particular trade. And you entered at 5pm or even Asia open, would rule still apply be out next day by London Open?
if you entered at Asian open, normally the signal is usually of NY open and it should last till London open. If the signal started at Asian open, it normally last the whole day, sometimes till NY close.
Time Is Money
  • #878
  • Apr 4, 2019 11:48am Apr 4, 2019 11:48am
Quoting abajiga
{quote} if you entered at Asian open, normally the signal is usually of NY open and it should last till London open. If the signal started at Asian open, it normally last the whole day, sometimes till NY close.
So if you saw a Long oppportunity/signal at NY open you wouldnt take the trade there and then, you would wait until Asia open to make sure its valid and then enter?
If it was me and reached my entry price, I would go in guns blazing there and then :-)
For example the Oil trade today, i would of usually have gone straight into that. And had stops below, but lower than where I think the market may take it to trigger peoples stops, before taking it back up again.
  • #879
  • Apr 4, 2019 11:49am Apr 4, 2019 11:49am
Quoting abajiga
{quote} if you entered at Asian open, normally the signal is usually of NY open and it should last till London open. If the signal started at Asian open, it normally last the whole day, sometimes till NY close.
That's why I said, based on the signal, you need to track it over time and get used to the type of trade you dealing with. Usually a trade setup has it's own characteristics. This will include the best entry price, time it lasts and the exit price. Most traders who are successful master all this sort of conditions. They simply don't sit on one trade and let it run over night. It might work for few days or weeks, but in the long run, it will rinse your account.
Time Is Money
  • #880
  • Apr 4, 2019 12:06pm Apr 4, 2019 12:06pm
Quoting oblong
{quote} So if you saw a Long oppportunity/signal at NY open you wouldnt take the trade there and then, you would wait until Asia open to make sure its valid and then enter? If it was me and reached my entry price, I would go in guns blazing there and then :-) For example the Oil trade today, i would of usually have gone straight into that. And had stops below, but lower than where I think the market may take it to trigger peoples stops, before taking it back up again.
So take USDSGD today.
I went short as it was just after London opened and hit the planned target for entry (purple line). You went short on the second spike up at the second red arrow.
What did you see that said it was going higher to that level for entry, why didnt you take the trade on London open?
Attached Image (click to enlarge)
Click to Enlarge Name: USDSGD.JPG Size: 213 KB
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