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Dashboard TZ

  • #8,581
  • Jul 10, 2019 2:44am Jul 10, 2019 2:44am
Good morning all,

Entered a short last night on AUDCHF which is still currently running at a profit... will continue to monitor.

Also taken note of todays news, best regards DT
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  • #8,582
  • Jul 10, 2019 2:54am Jul 10, 2019 2:54am
Update.... Stop loss moved to break even. DT
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  • #8,583
  • Jul 10, 2019 2:57am Jul 10, 2019 2:57am
Quoting doubletop
Update.... Stop loss moved to break even. DT {image}
You are improving your trading fast. Look you are gaining confidence
Try don't lose pants never...
  • #8,584
  • Jul 10, 2019 2:59am Jul 10, 2019 2:59am
Quoting doubletop
Update.... Stop loss moved to break even. DT {image}
I think you can set BE at H4 61. Its above last h1 candle shadow. It will not return there if down movement is real. And if returns at least you take some extra pips
Try don't lose pants never...
  • #8,585
  • Jul 10, 2019 3:06am Jul 10, 2019 3:06am
Quoting braintheboss
{quote} You are improving your trading fast. Look you are gaining confidence

Good morning btb,

Thank you for your kind comment, it is very much appreciated

Taken your advice and moved stop loss on the 4hr chart to H61.

Best regards, DT
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  • #8,586
  • Jul 10, 2019 3:14am Jul 10, 2019 3:14am
Quoting doubletop
Update.... Stop loss moved to break even. DT {image}
now all you need is to watch price near that 50 level what might doing and see histo bars near that level. according with what you will see you can play that order MM very easy. no stress as long youre set already in a BE free trade is a win win situation.
my entry is not normal by my rules cos i took it in the no trade zone near middle level,but PA was so strong and histo just showed me the way.
cheer up
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Take what you can, give nothing back
  • #8,587
  • Jul 10, 2019 3:20am Jul 10, 2019 3:20am
This is good info thanks!

Thanks also for the chart and explanation, I will monitor the 50 level and see what happens.

DT
  • #8,588
  • Jul 10, 2019 3:24am Jul 10, 2019 3:24am
Quoting Husky77
{quote} now all you need is to watch price near that 50 level what might doing and see histo bars near that level. according with what you will see you can play that order MM very easy. no stress as long youre set already in a BE free trade is a win win situation. my entry is not normal by my rules cos i took it in the no trade zone near middle level,but PA was so strong and histo just showed me the way. cheer up {image} {image}
Good histo analysis view...
Try don't lose pants never...
  • #8,589
  • Jul 10, 2019 3:31am Jul 10, 2019 3:31am
Really histo soft price turns ( as macd ) then its easier see when price is gaining power
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Try don't lose pants never...
  • #8,590
  • Jul 10, 2019 3:32am Jul 10, 2019 3:32am
Quoting doubletop
This is good info thanks! Thanks also for the chart and explanation, I will monitor the 50 level and see what happens. DT
think simple after some time you achieve some trades ,look back and remember how much stress each entry gave you while was rolling. according to this build your own way. take example you last trade,youre at over 20 pips and trade is free so no stress if you get BE or if any sign will make you close it at 20 pips. then try repeat same way trades ,5 easy trades like this can give you an average of 100 pips. dont count pips in first look but the situation formed AFTER you made the entry which is very important. for you as a trader the less stress one trade give you is the best. yes some may make hundreds of pips but be sure the amount of stress and risk they have is huge and even put their whole account at risk. from this perspective you must look into your strategy.
Dont be that kind of trader who entry in the market then pray for price to move in his favor,thats easy steps to disaster,prayers dont work in forex
- low risk
- low stress
cheer up
Take what you can, give nothing back
  • #8,591
  • Jul 10, 2019 3:35am Jul 10, 2019 3:35am
100p per day in a few trades don't look much. But at end of month is a lot of money
Try don't lose pants never...
  • #8,592
  • Jul 10, 2019 3:45am Jul 10, 2019 3:45am
Quoting Husky77
{quote} think simple after some time you achieve some trades ,look back and remember how much stress each entry you had gave you while was rolling. according to this build your own way. take example you last trade,youre at over 20 pips and trade is free so no stress if you get BE or if any sign will make you close it at 20 pips. then try repeat same way trades ,5 easy trades like this can give you an average of 100 pips. dont count pips in first look but the situation formed AFTER you made the entry which is very important. for you as a trader the...
Good morning Husky77,

Thank you for your reply, good info thanks.

I see where you are coming from re the less stress - no stress approach.
Your thought process is scary it is like having you look over my shoulder!

This is exactly what I am trying to achieve, that is 100 pips per day and be happy and confident with these sort of gains.
I certainly do not expect these sort of gains for quite some time and will gladly initially settle for 20 pips daily @ £5 per pip.

Onwards and upwards as they say.

Best regards, DT
  • #8,593
  • Jul 10, 2019 3:47am Jul 10, 2019 3:47am
Quoting braintheboss
100p per day in a few trades don't look much. But at end of month is a lot of money
Your reading my thoughts too... scary!

Logging off for a while be back later,

Cheers DT
  • #8,594
  • Jul 10, 2019 5:41am Jul 10, 2019 5:41am
Decided to exit as it appears to be a conflict of interest area?

Profit is a profit!

DT

Footnote: Also decided to reduce my watch list!
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  • #8,595
  • Jul 10, 2019 6:00am Jul 10, 2019 6:00am
Quoting doubletop
Decided to exit as it appears to be a conflict of interest area? Profit is a profit! DT Footnote: Also decided to reduce my watch list! {image}
It's normal some small retracements. I don't see reason can't go more down ( gaps are tricky ). If go up to PP and not brake it you can try a reentry

Try trade AUD/NZD pairs. Histo is still using fixed settings and works better in low volatility pairs with slow swing ( parabolic turn )
Try don't lose pants never...
  • #8,596
  • Jul 10, 2019 6:14am Jul 10, 2019 6:14am
Hello btb,

Yes I would say your right re dropping lower.

I just got a little concerned when I looked left and observed price action between two opposing levels.
It is probably me being too concerned

Looking for another trade to enter as I type.

Best regards, DT
  • #8,597
  • Jul 10, 2019 8:15am Jul 10, 2019 8:15am
New H4 candle and PP retest. Histo shows bull below H1 but H1 still red. Time to wait
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Try don't lose pants never...
  • #8,598
  • Jul 10, 2019 9:41am Jul 10, 2019 9:41am
Entered this trade, waited until after 15:00 hrs re CADUSD News, not that I cant see it affecting this pair much?

Stop loss is a little high but we will see what happens.

Cheers, DT.
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  • #8,599
  • Jul 10, 2019 9:52am Jul 10, 2019 9:52am
Quoting doubletop
Entered this trade, waited until after 15:00 hrs re CADUSD News, not that I cant see it affecting this pair much? Stop loss is a little high but we will see what happens. Cheers, DT. {image}
Tips:

1) Only use H4 as max TF ( high TFs have delay and its more for long term ). If you are scalper you only use M15/M30

2) You never enter while price it dont have clear rejection/break. In your capture histo is losing bear power and candle shadows around PP only shows some resistance. When you have some movement below PP and histo show power gain you can try open.

Anyway as last movement looks a sell off maybe you have luck and later go down. But now not look will stop. At least while histo is losing power...
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Try don't lose pants never...
  • #8,600
  • Edited 10:31am Jul 10, 2019 9:59am | Edited 10:31am
This is the main idea. See a clear rejection/break of level and confirm with histo
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Try don't lose pants never...
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