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General Trading Chat / Ideas

  • #11,801
  • Dec 10, 2019 10:17am Dec 10, 2019 10:17am
Quoting Jp1
if yesterday's high fails, seems to be battling with it at the mo, then WR1 and the open come into play.....lets see if US pushes it down any further {image}
good point need to wait if your not already in here
love the note to self at the bottom of your chart it makes sense
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  • #11,802
  • Dec 10, 2019 10:35am Dec 10, 2019 10:35am
Quoting Bk55
{quote} good point need to wait if your not already in here love the note to self at the bottom of your chart it makes sense
cant see exactly on my phone, but i think WR1 was tagged just about
  • #11,803
  • Dec 10, 2019 11:13am Dec 10, 2019 11:13am
My styles pretty basic mainly patterns and fibs
So on this chart for me its a bearish cup with handle thinking if the pattern works it will probably test the daily 200sma around 1417
Attached Image (click to enlarge)
Click to Enlarge Name: Gold CWH DAILY.png Size: 185 KB
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  • #11,804
  • Dec 10, 2019 11:24am Dec 10, 2019 11:24am
Quoting Bk55
My styles pretty basic mainly patterns and fibs So on this chart for me its a bearish cup with handle thinking if the pattern works it will probably test the daily 200sma around 1417 {image}
you might say basic mate - but most of the time i have no idea what ur talking about (no offense intended!) i just havent studied that stuff that u do

so ur looking at higher TFs now (i think I remember u saying)......for me im looking at the 20 day atr on gold and its at say roughly 120pips at the mo......so im just looking to take a slice of that each day. As per the past week.....londons taken it up, and the us has smashed it back down. Throw in digs cam levels, which help a lot.....im not doing too much more - pretty basic
  • #11,805
  • Dec 10, 2019 11:35am Dec 10, 2019 11:35am
Quoting Jp1
{quote} you might say basic mate - but most of the time i have no idea what ur talking about (no offense intended!) i just havent studied that stuff that u do so ur looking at higher TFs now (i think I remember u saying)......for me im looking at the 20 day atr on gold and its at say roughly 120pips at the mo......so im just looking to take a slice of that each day. As per the past week.....londons taken it up, and the us has smashed it back down. Throw in digs cam levels, which help a lot.....im not doing too much more - pretty basic
yep im mainly monthly weekly daily maybe i should be targeting some that daily atr something to think about.
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  • #11,806
  • Dec 10, 2019 11:44am Dec 10, 2019 11:44am
Quoting Bk55
{quote} yep im mainly monthly weekly daily maybe i should be targeting some that daily atr something to think about.
to put it in perspective, that weekly consolidation chart u posted a page back....5 or so weeks with a total range of what, about 40points.......well in that time, with a rough daily range of 12points......theres been potentially 60 points each week on offer, so 300 points. Maths might be wrong (haha), but u catch my drift im sure
  • #11,807
  • Dec 10, 2019 1:26pm Dec 10, 2019 1:26pm
Quoting Jp1
{quote} to put it in perspective, that weekly consolidation chart u posted a page back....5 or so weeks with a total range of what, about 40points.......well in that time, with a rough daily range of 12points......theres been potentially 60 points each week on offer, so 300 points. Maths might be wrong (haha), but u catch my drift im sure
lots more opportunity but very demanding and less respected (ducking for cover) If i could self fund a 50k pluss account i wouldn't care about opinions. My Goals aimed towards doing what the industry likes Possibly open doors to help revenue stream down the road
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  • #11,808
  • Dec 10, 2019 1:43pm Dec 10, 2019 1:43pm
saying that 1% of 50k is £500 im not ready psychologically for that kind of risk it would be way out of my comfort zone
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  • #11,809
  • Dec 10, 2019 1:44pm Dec 10, 2019 1:44pm
Quoting Bk55
{quote} lots more opportunity but very demanding and less respected (ducking for cover) If i could self fund a 50k pluss account i wouldn't care about opinions. My Goals aimed towards doing what the industry likes Possibly open doors to help revenue stream down the road
yeh, nothing wrong with that....but i guess, add up how long u spend looking at 28 pairs on monthly / weekly / daily charts every day.....and instead chose one, maybe two pairs that move like shit.....not sure ull have more screen time. But anyway - each to their own - more than one way to skin a cat!
  • #11,810
  • Dec 10, 2019 1:47pm Dec 10, 2019 1:47pm
plan is 1k account on swing positions on micro lots risk 0.5% per trade targeting a few % per month most weeks i find 2 or 3 swing trades say 10 per month grow slow compounding acclimatize to growing risk
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  • #11,811
  • Dec 10, 2019 1:50pm Dec 10, 2019 1:50pm
Quoting Jp1
{quote} yeh, nothing wrong with that....but i guess, add up how long u spend looking at 28 pairs on monthly / weekly / daily charts every day.....and instead chose one, maybe two pairs that move like shit.....not sure ull have more screen time. But anyway - each to their own - more than one way to skin a cat!
yes i could probably watch the majors and keep up. I would like to run 2 accounts and run one on h1 but i need to get one account first if that makes sense
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  • #11,812
  • Dec 10, 2019 1:53pm Dec 10, 2019 1:53pm
Quoting Jp1
{quote} yeh, nothing wrong with that....but i guess, add up how long u spend looking at 28 pairs on monthly / weekly / daily charts every day.....and instead chose one, maybe two pairs that move like shit.....not sure ull have more screen time. But anyway - each to their own - more than one way to skin a cat!

I cant ague the potential of h1 a good trader could make huge returns fast
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  • #11,813
  • Dec 10, 2019 1:56pm Dec 10, 2019 1:56pm
Quoting Jp1
{quote} yeh, nothing wrong with that....but i guess, add up how long u spend looking at 28 pairs on monthly / weekly / daily charts every day.....and instead chose one, maybe two pairs that move like shit.....not sure ull have more screen time. But anyway - each to their own - more than one way to skin a cat!
I must agree with Jp here, I use to have 20+ charts open, now I look at GU only. Might start to look at Gold, bit scared of it tbh, it can really move.
What I have gathered from experienced traders they usually look apart from gold also at oil. So yep fast movers.
  • #11,814
  • Dec 10, 2019 2:02pm Dec 10, 2019 2:02pm
Quoting Bk55
{quote} I cant ague the potential of h1 a good trader could make huge returns fast
u shud just do what u used to talk about - one main steady investor account and one edge of ur seat, shit urself scalping account!
  • #11,815
  • Dec 10, 2019 2:03pm Dec 10, 2019 2:03pm
Quoting tommiho
{quote} I must agree with Jp here, I use to have 20+ charts open, now I look at GU only. Might start to look at Gold, bit scared of it tbh, it can really move. What I have gathered from experienced traders they usually look apart from gold also at oil. So yep fast movers.
yeh i trade GU as well.....but there is so much on offer on gold each day, not really needed
  • #11,816
  • Dec 10, 2019 2:05pm Dec 10, 2019 2:05pm
Quoting Jp1
{quote} u shud just do what u used to talk about - one main steady investor account and one edge of ur seat, shit urself scalping account!
Turn your wounds into wisdom
  • #11,817
  • Dec 10, 2019 2:11pm Dec 10, 2019 2:11pm
Quoting Jp1
{quote} u shud just do what u used to talk about - one main steady investor account and one edge of ur seat, shit urself scalping account!
Gold and gbp/jpy would be good for edge of your seat scalps
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  • #11,818
  • Dec 10, 2019 2:18pm Dec 10, 2019 2:18pm
Quoting Jp1
{quote} yeh i trade GU as well.....but there is so much on offer on gold each day, not really needed
it's a frickin rocket lol
  • #11,819
  • Dec 10, 2019 3:32pm Dec 10, 2019 3:32pm
USD CHF at daily support with bulish h1 inside bar with positive swop long possible 10pip stop 70pip tp
i risked 0.30% account on it
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  • #11,820
  • Dec 10, 2019 3:40pm Dec 10, 2019 3:40pm
Dont shot me if it fails but it has a chance and the RR makes it worth the risk to me position sixe is 0.30% account
Buying the h1 bullish inside bar at daily support RR 1/10
Attached Image (click to enlarge)
Click to Enlarge Name: USD CHF 030.png Size: 164 KB
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