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Trading 101

  • #601
  • Edited 7:16pm Nov 25, 2021 6:40pm | Edited 7:16pm
Quoting pips29
what a move , took profit and off to bed {image}

the H1 BB went from inflated balloon to tight squeeze with the MA-Hi and MA-Lo ... something bound to happen technically.

I have been wondering for weeks when that big correction would start with UJ ... still have to wait ...

H1 traders now wait for the pull-back to mid-BB and PA test of MAHi and MALo.

Kind of fun doing some year-end holiday revision of BBMA.

Attached Image (click to enlarge)
Click to Enlarge Name: Uj BBMA H1 squeezed 26-11-2021 8-30-58 am.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #602
  • Nov 25, 2021 7:08pm Nov 25, 2021 7:08pm
Quoting hasib
EU, There is still lots of room to move down in weekly chart. If you can trade 2 currency pair, You don't need to trade Stock index, gold, Crypto, other instrument. Just become good at 2 currency pair, If it is major pair it will help you a lot. You don't need indicators at all, Indicators is not system it can't be a system. Your MM, RM, Exit and entry all together is system. I can teach many indicator and discuss about many indicator here I know some of the idiot will buy those things and lose money. Forget all those crap, Use clean chart observe,...

Do you use weekly time frame to find and enter the trade or lower time frames? I would like to follow your strategy on just 2 pairs. I am in NY session. So, one may be USD/JPY and the other GBP/JPY or EUR/USD. Any thoughts?
  • #603
  • Nov 26, 2021 3:17am Nov 26, 2021 3:17am
took 2 longs during the period beore Asia open and woke up with one hitting target,,got another looking for the top of weekly range,,The swissy also put my trades in profits
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 54 KB
the cautious seldom err....C
  • #604
  • Nov 26, 2021 3:23am Nov 26, 2021 3:23am
the "mhv" that finally came
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily.png Size: 73 KB
the cautious seldom err....C
  • #605
  • Nov 26, 2021 3:36am Nov 26, 2021 3:36am
Quoting emmanuel7788
{quote} the H1 BB went from inflated balloon to tight squeeze with the MA-Hi and MA-Lo ... something bound to happen technically. I have been wondering for weeks when that big correction would start with UJ ... still have to wait ... H1 traders now wait for the pull-back to mid-BB and PA test of MAHi and MALo. Kind of fun doing some year-end holiday revision of BBMA. {image}
I have to correct you as we don't wait for a pullback to the mid bb but only to the MA...as I don't trade using H1 I did not see the squeeze..when you are looking at H1 you could have gone down he ltf like M5 or M15 to get in like what I marked on the chart..looks like you are applying the uses/functions of the bb more than the MMA. They are together and that makes bbma unique..damn! I missed a good ride , I like my sleep more
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 46 KB
the cautious seldom err....C
  • #606
  • Nov 26, 2021 4:25am Nov 26, 2021 4:25am
short taken...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 65 KB
the cautious seldom err....C
  • #607
  • Nov 26, 2021 4:43am Nov 26, 2021 4:43am
locking in at + 50
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 66 KB
the cautious seldom err....C
  • #608
  • Nov 26, 2021 4:46am Nov 26, 2021 4:46am
Quoting pips29
short taken... {image}
trade is based on the monthly, so you may need a much bigger dd..please manage risk according to your tolerance...have to leave my computer for a shortwhile, bbl
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADMonthly.png Size: 60 KB
the cautious seldom err....C
  • #609
  • Nov 26, 2021 5:49am Nov 26, 2021 5:49am
Quoting sura4x
{quote} Do you use weekly time frame to find and enter the trade or lower time frames? I would like to follow your strategy on just 2 pairs. I am in NY session. So, one may be USD/JPY and the other GBP/JPY or EUR/USD. Any thoughts?
yes, of course I watch weekly tf, specially current candle and previous candle.
I focus on price above or below week, daily, h4 open line and how much price move away out from open line. I read price structure that is why I feel like every indicator is funny. When you can read structure with in structure you don't have to trade every single move of the market. Just like I am not buying eu today, eu is moving up nicely today. I open trade in h1 change.
MA provides the market's current direction and strength.
  • #610
  • Nov 26, 2021 6:11am Nov 26, 2021 6:11am
Before you installing indicator you have to have a trading philosophy. For example if your trading philosophy is counter the directional move you can use pivot or other tools. My trading philosophy is not counter the directional move instead playing the directional force move with a better price, I counter the short term move.
if you have no trading philosophy you will trade stupid indicator like TDI you will get in every where and lose money.
some traders trade only breakout, that is also very good way, just you have to select right market.

Trading success depends on emotion control and stress control ability. In small tf like m15 and h1 trading only those chart, you cannot manage your self forget about trade management.
MA provides the market's current direction and strength.
  • #611
  • Nov 26, 2021 6:48am Nov 26, 2021 6:48am
gone in with a small short, will add...the kiwi should strengthen very soon
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 67 KB
the cautious seldom err....C
  • #612
  • Nov 26, 2021 6:50am Nov 26, 2021 6:50am
Quoting pips29
short taken... {image}
I have added another sell....pending orders are still there
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 66 KB
the cautious seldom err....C
  • #613
  • Nov 26, 2021 8:21am Nov 26, 2021 8:21am
closing my other entry
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 57 KB
the cautious seldom err....C
  • #614
  • Nov 26, 2021 8:28am Nov 26, 2021 8:28am
got 4 longs on the kiwi, some on GN and the loonie...enough for the day to monitor
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.rDaily.png Size: 64 KB
the cautious seldom err....C
  • #615
  • Nov 26, 2021 9:22am Nov 26, 2021 9:22am
GU
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 48 KB
MA provides the market's current direction and strength.
  • #616
  • Edited 11:10am Nov 26, 2021 10:42am | Edited 11:10am
taken profit on one entry and the other two are locked in with small profit
EDit : stopped out on the remaider at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 58 KB
the cautious seldom err....C
  • #617
  • Nov 26, 2021 10:47am Nov 26, 2021 10:47am
taken 1/2 out on the highest entry
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 63 KB
the cautious seldom err....C
  • #618
  • Nov 26, 2021 10:52am Nov 26, 2021 10:52am
this is the only problematic pair I have atm, guess the move will happen after H1 closes or H4 close in an hour
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.rM15.png Size: 62 KB
the cautious seldom err....C
  • #619
  • Nov 26, 2021 11:10am Nov 26, 2021 11:10am
Quoting hasib
GU {image}
both trade hit tp
MA provides the market's current direction and strength.
  • #620
  • Nov 26, 2021 11:15am Nov 26, 2021 11:15am
Those who are new or not test the trading success yet. I recommend develop a detailed trading plan. If you want you can share here, if I find any possible improvement I will definitely help.
MA provides the market's current direction and strength.
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