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haniam's anti Big Dogs trades

  • #81
  • Oct 16, 2007 10:11am Oct 16, 2007 10:11am
Quoting haniam
Here is a snapshot of my trades for Monday and Tuesday

Attachment

I did not sell back yet @1.4180 as planed. Could have got 20-30 pips, but already had plenty (176 pips) so will wait:

1- A bigger retracement to sell a bounce back at my pivot level 1.42 and again if 1.4220 was tested again with 1.4265 as SL which will be lowered later as the trades go on.

2- A break of 1.4135-40 to sell targetting 1.4080
I am having today some Internet connection problems.

I was not able to take the perfect setup just after the news.

As I specified in the morning, I was waiting for 1.42 bounce for a sell. The news gave us the opportunity to sell @1.4185 and @1.4194 which are the 50% and 68% retracement of the last down move from 1.4225 to 1.4145

If I took the trade I would have closed now @.14155 for +30 and +39 = +69 more pips!

Hope you made some
  • #82
  • Oct 16, 2007 10:29am Oct 16, 2007 10:29am
Quoting haniam
I am having today some Internet connection problems.

I was not able to take the perfect setup just after the news.

As I specified in the morning, I was waiting for 1.42 bounce for a sell. The news gave us the opportunity to sell @1.4185 and @1.4194 which are the 50% and 68% retracement of the last down move from 1.4225 to 1.4145

If I took the trade I would have closed now @.14155 for +30 and +39 = +69 more pips!

Hope you made some

Hi, I've took it at @ 1.4188 and closed it at 1.4164 to grab 24pips, after reading this post.
  • #83
  • Oct 16, 2007 10:32am Oct 16, 2007 10:32am
Quoting maxkh
Hi Hani, I'm being following your thread very closely since you've started
and your insight about BD make me realized and reviewed the real world of forex. It's a must knowledge in order to survive and success in this business.
I think, without knowing how all these BD's manipulation and their 'pattern&motives', (in most cases, newbies like myself) usually will be wiped out sooner or later no matter how good ya you got a those nice,colorful& fancy 'new-found' indicators. (for example ya, see you divengence there! oh.it's coming, and got that colorful arrow appeared to confirm signal., so, time to shoot it(big, GREED) & grab big pips, however, BD knows that..... they send you one spike of price-movement against you to hunt your SL!. So, what you see and expecting is not what u think will happen.
Too many times, i see those manipulation of price movements as what you are educating. Very very true. Forex is full of BDs, they want your stoploss desperately and they have the genius killing-stings and know where to find those small-fishes-$toploss.

Thank you, Hani. Please continue to teach us and make us aware about
those BD's killing-stings-weapons. Together, we learn and we survive and we definitely will grow.

Max
Welcome Max to the thread,

I am glad I am able to help.

I believe that trading is not just following an indicator and trying all kind of colorful signal it may give.

Trading is first understanding the market and the way it moves.

Your comments show me that you are on a good way of understanding market rythm and what's behind.

Continue your good work,

Hani
  • #84
  • Oct 16, 2007 10:52am Oct 16, 2007 10:52am
Quoting haniam
Welcome Max to the thread,

I am glad I am able to help.

I believe that trading is not just following an indicator and trying all kind of colorful signal it may give.

Trading is first understanding the market and the way it moves.

Your comments show me that you are on a good way of understanding market rythm and what's behind.

Continue your good work,

Hani


Yes. before that, I just keep learning hard on certain indicators and try to figure hard how to filter their bad signals. (either by adding more indicators or keep changing another one). You reminded me that to understand market and its movement. importantly, keep beware of those BDs there behind.

Hani, now the price is trying hard to spike up to hunt for SL (for sellers) ha..ha.. I just got out. tempted to re-enter again if it near Pivot.

Thanks.
Max
  • #85
  • Oct 16, 2007 1:27pm Oct 16, 2007 1:27pm
Quoting maxkh
Hi, I've took it at @ 1.4188 and closed it at 1.4164 to grab 24pips, after reading this post.
Glad you made it Max!

But you should promise me you will do your own analysis of the market before taking a trade. Don't forget it's your money you are risking!

Happy trading!

Hani
  • #86
  • Oct 16, 2007 1:49pm Oct 16, 2007 1:49pm
Market will be calm for few hours now and it would be a pity not to take profit of the good winning trades if still opened unless you have some good long term trades.

I am at GMT +3 so it's 21:30 now and I will sleeping soon.

Tomorrow we will have plenty of other opportunities to sell again.

As reminder, my main trades in EU will only be in the selling side until 1.43 is broken (I believe this will not happen before few weeks) or until EU finds a solid support in it's way down from where it will resume up trend with enough power to break 1.43.

The break should only happen after BDs would have got rid of all their old EUs and would want to 'refill their stocks' buy buying what you will be so eager to sell.

Tomorrow EU will have a good support at 1.4140-50 and 1.4115-20 then 1.4075-80.

We will start the session by an upmove that will give us an opportunity to sell around 1.4190-1.4200 that may be tested again. The picture will be clearer in the morning where I will put my trading plan for the day one or two hours before London session.
  • #87
  • Oct 16, 2007 2:02pm Oct 16, 2007 2:02pm
Dear thread readers,

Anti Big Dogs thread is not a counter trend system or strategy.

This thread is to get the attention of traders about lot of points they should be aware of while trading.

I posted a document in the first post of the thread with some basic ideas in 20 points.

Hope this helps.

Hani
  • #88
  • Oct 17, 2007 1:23am Oct 17, 2007 1:23am
Prices are challenging my pivot level @1.4180 and it is rejecting prices with energy => lot of selling pressure on this level

Already did a scalp for +10 pips on the bounce of the level.

It seems it is solid enough, and a possible test break will give a second opportunity to sell @1.4195-200 level and 1.4220-30 levels

Targets are 1.4140, 1.4120 and 1.4080 with a safe SL @1.4250-60 level that will be lowered as trades are going in the 'right side'
  • #89
  • Oct 17, 2007 2:18am Oct 17, 2007 2:18am
Trade 1: Already closed for +10 pips scalping
Reason: Will sell higher according to plan

Trade 2: Sold @1.4188 closed @1.4165 for +23 pips
Reason: Expecting a rebound on 1.4160 level for another opportunity to sell hi

Will sell again on higher levels following the plan or on 1.4140 and 1.4115 clear break
  • #90
  • Oct 17, 2007 3:56am Oct 17, 2007 3:56am
Quoting haniam
Trade 1: Already closed for +10 pips scalping
Reason: Will sell higher according to plan

Trade 2: Sold @1.4188 closed @1.4165 for +23 pips
Reason: Expecting a rebound on 1.4160 level for another opportunity to sell hi

Will sell again on higher levels following the plan or on 1.4140 and 1.4115 clear break
Trade 3: Sold @1.4192 closed @1.4179 for +13 pips
Reason: Prices seems to bounce @1.4175.

Will resell as planed before
  • #91
  • Oct 17, 2007 2:18pm Oct 17, 2007 2:18pm
Quoting haniam
Trade 3: Sold @1.4192 closed @1.4179 for +13 pips
Reason: Prices seems to bounce @1.4175.

Will resell as planed before
As planned:

Trade 4: Sold @1.42 closed @1.4184 for +16 pips
Reason: End of day

Trade 5: Sold @1.4220 closed @1.4195 for +25 pips
Reason: Previous resistance turned support

I missed 1 trade today @9:10 GMT a sell @1.4190 for a 20-25 pips profit because of a conncetion failure just before the resistance bounce.

Total for Wed.17, 2007: +87 pips

Hope you made lot of pips today too

Hani
  • #92
  • Oct 17, 2007 2:52pm Oct 17, 2007 2:52pm
I forgot to mention a trade I took @11 GMT sold @1.4185 closed @1.4185 for 0 pips

Attached Image
  • #93
  • Oct 17, 2007 10:51pm Oct 17, 2007 10:51pm
EU is still ranging inside a narrow triangle that will break in the coming day.
Most analysis are betting a break to the topside pointing to a more modest new high @1.4368

I am still bear until 1.43 is removed. Then new buy power will come in place with the remove of some important stops and we will see new highs.

So I am selling all new highs until then but with a tight stop. I will sell again if 1.4280 is reached targeting 1.4240 and 1.4205 with 1.4310 as SL where I will buy the break.

My pivot level for today is 1.4205 and will be tested again later today.
Prices are now @1.4230-35 and I am selling 2 lots targeting 1.4205 and 1.4180 with SL @1.4255-60 that will be lowered during the trade.

I will be selling again the break of 1.42 targeting 1.4180 and 1.4160
  • #94
  • Oct 17, 2007 11:56pm Oct 17, 2007 11:56pm
I had today 3 wrong take profits I am investigating the reasons

Trade 1: Sold @1.4222 targeting 1.4195 closed @1.4233 for -11 pips
Reason: Closed by system for a wrong take profit

Trade 2: Sold @1.4231 targeting 1.4195 closed @1.4233 for -2 pips
Reason: Closed by system for a wrong take profit

Trade 3: Sold @1.4232 targeting 1.4195 closed @1.4233 for -1 pips
Reason: Closed by system for a wrong take profit

Attached Image (click to enlarge)
Click to Enlarge Name: 071018-EUWrongTP.jpg Size: 20 KB


Notice the round circle around 6:45 shows the wrong take profit.

I contacted my borker by mail with the following message:

"I have a problem with 3 transactions ticket numbers: xxx, yyy,zzz
They are sell market that closed at the same WRONG 'take profit' 1.4233 for a loss!
They should not have closed since the take profit in the transaction was 1.4195
What happened? How to fix the problem? How to prevent this from happening again?"

The issue was resolved in minutes and I received the following message:

"Due to one or more incorrect rate spikes that occurred on our FXTrade system, the following adjustments were completed to roll back transactions caused by the spikes:
Ticket xxxtp (EUR/USD) was deleted. (Wrong Take profit)
Ticket xxx (EUR/USD) was closed on Wed Oct 17 2007 11:46:58PM EDT instead.
Ticket yyytp (EUR/USD) was deleted. (Wrong Take profit)
Ticket yyy (EUR/USD) was closed on Wed Oct 17 2007 11:46:58PM EDT instead.
Ticket zzztp (EUR/USD) was deleted. (Wrong Take profit)
Ticket zzz (EUR/USD) was closed on Wed Oct 17 2007 11:46:58PM EDT instead.
Please check your account at your earliest convenience. If you have any questions or concerns, please do not hesitate to contact us"

So the three transaction were cancelled and I had no loss.

After correction:

Attached Image (click to enlarge)
Click to Enlarge Name: 071018-EUcorrected.jpg Size: 23 KB


Notice the round circle around 6:45 has disappeared.

My advice: Always check your broker statement and immediately do any reclaim you may doubt of. Honest brokers will very quickly fix the issue.
  • #95
  • Oct 18, 2007 12:01am Oct 18, 2007 12:01am
Trades 4: Sold @1.4230
Trades 5: Sold @1.4233
Trades 6: Sold @1.4233
Trades 7: Sold @1.4235

Will probably close two of them quickly for 10-20 pips and sell back
  • #96
  • Oct 18, 2007 1:27am Oct 18, 2007 1:27am
Quoting haniam
Trades 4: Sold @1.4230
Trades 5: Sold @1.4233
Trades 6: Sold @1.4233
Trades 7: Sold @1.4235

Will probably close two of them quickly for 10-20 pips and sell back
Trades 7: Sold @1.4235 closed @1.4230 for +5 pips
Was not able to close trade 6
Trade 8: Sold @1.4234
Trade 9: Sold @1.4240

Will probably close 2 or 3 other trades for quick 10-20 pips profit
  • #97
  • Oct 18, 2007 1:48am Oct 18, 2007 1:48am
Wait a second, do you ever have any loosing trades?
  • #98
  • Oct 18, 2007 1:54am Oct 18, 2007 1:54am
Quoting haniam
Trades 7: Sold @1.4235 closed @1.4230 for +5 pips
Was not able to close trade 6
Trade 8: Sold @1.4234
Trade 9: Sold @1.4240

Will probably close 2 or 3 other trades for quick 10-20 pips profit
Trade 9: Sold @1.4240 closed @1.4130 for +10 pips

Will sell back @1.4240
  • #99
  • Oct 18, 2007 1:59am Oct 18, 2007 1:59am
Quoting haniam
Trade 9: Sold @1.4240 closed @1.4130 for +10 pips

Will sell back @1.4240
Trade 10: Sold @1.4250
Trade 11: Sold @1.4249

Prices challenging resistance and approaching Stop Loss. Will cover lower sold price if possible. Will know better in few minutes on London open.
I expect more a spike down than up.
  • #100
  • Oct 18, 2007 5:32am Oct 18, 2007 5:32am
Quoting zek132
Wait a second, do you ever have any loosing trades?
Welcome Zek132 to the BD thread,

As I mentioned before, a trade is not lost or won unless you cash or pay after you close the trade.

I hate losing and the hate of loss made me lose lot of trades in the past.
In p# 35 and p#61 I closed 3 trades for -97 pips. But I made the double in the 24 following hours.

The secret?

I did not got married to my trade. Closing these 3 trades gave me the opportunity to reenter the market at better levels!

Why I lost these 3 trades? Because I did not cashed them when I had the opportunity...

And I lost only these 3 trades out of ... hum I did not count them but more than 50 I think, even if I would be considered as 'counter trading' for the moment

The bulls are trying today their last chance to attack 1.43 and to breach it.
I give them only 30% chance to succeed and if done, I will be buying the break. Until then, I am most of the time selling with tight SL and 5 to 30 pips profit.

Same for today.

If you took the trades I am taking, you should have some small losses maybe -15 to -20 just after London spike down for trades 4,5,6,8 and a make up of the loss by trades 10,11 for +20 to 25 pips.

The results of the trades would be in worst case -20+20+10+5= +15 pips until now.

I am still in the selling side and may sell again 1.4265, 1.4280 with 1.4310-15 as SL.

I will make very attention because the market is bull for the moment and any hesitation may let you lose lot of pips.

Maybe it would be better to stay away from the market for the rest of the week if you don't know exactly what you are doing and why.

So I do close some trades for a loss only to go into better trades and bigger wins. Again: Don't marry your trades...

So if you are trading my trades, well don't! Do your own analysis and if you still want to take the trades then maybe do. It's your money you are risking!

Happy Trading Zek132 and take care,

Hani
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