But since we a greedy we dont just stop here! (Bad exit, o well can't do anything if the price rallies against you, happy 7.7 pips 
I really would appreciate bigger moves btw. You can see my loosing trade for the day on the EJ chart (plain blue rainbow).
Update: Grrr I miss way too much trades whenever I post here
@denaro, I use 6-150 WMAs interval 6, And I look for good setups to enter The key in such "bad trading conditions" e.g. slow ranging market is not the entry it is the exit. As you can see I (try to) exit as early as possible and only grab a few pips.
Always watch out for a new trend, my loosing trade for instance is as can see a lower probability setup since it is in the mid of a downtrend.
btw. You can see my loosing trade for the day on the EJ chart (plain blue rainbow).Update: Grrr I miss way too much trades whenever I post here
@denaro, I use 6-150 WMAs interval 6, And I look for good setups to enter
The key in such "bad trading conditions" e.g. slow ranging market is not the entry it is the exit. As you can see I (try to) exit as early as possible and only grab a few pips.Always watch out for a new trend, my loosing trade for instance is as can see a lower probability setup since it is in the mid of a downtrend.
.
Canyouseeme
Update: Grrr I miss way too much trades whenever I post here
You are right, i missed two good opportunities while i was writing here. Its better to post here after trading, and better to fully concentrate on trading.
Update: Grrr I miss way too much trades whenever I post here
You are right, i missed two good opportunities while i was writing here. Its better to post here after trading, and better to fully concentrate on trading
.
- #1,851
- Sep 26, 2007 4:18am Sep 26, 2007 4:18am
- Joined Aug 2006 | Status: Trader | 3,126 Posts
Canyouseeme
Update: Grrr I miss way too much trades whenever I post here
You are right, i missed two good opportunities while i was writing here. Its better to post here after trading, and better to fully concentrate on trading
- #1,853
- Sep 26, 2007 4:26am Sep 26, 2007 4:26am
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
I can't believe I stayed awake for this. LOL
to take back what you give earlier perhaps ?
- #1,856
- Sep 26, 2007 4:53am Sep 26, 2007 4:53am
- Joined Aug 2006 | Status: Trader | 3,126 Posts
I only take a few trades in a 24 hour period, and they have to be better then a small speck mark above a rainbow spine in order for entry, they have to have momentum from the 5 seconds and 30 second trend direction, along with my other charts up to my hourly chart.
I have 10 charts on my desktop going at one time, the 5 second is a great tool to see entry and exit, but I will never trade against a 30 second trend, that keeps us in profits a lot more.
Also, I watch the GJ on every move, which sometimes gives a sneak peak on what may happen on EJ, it usually leads the way on most moves by at least 3 seconds or so, but this is only my observation, which I would recommend to no one. LOL
- #1,857
- Sep 26, 2007 6:23am Sep 26, 2007 6:23am
First stop - Pips central -
Well like the title says I am finally starting to get my head around this. My only change is that I trdae the 5 min chart as I can't sit in front of the screen all day long. Damn work !!
I am able to check the charts sporadically. So 5 min is the man...
Thanks LT for for this great information.
My first trade is on the NZD/USD and currently 7.7 pips in the green
Thanks
Well like the title says I am finally starting to get my head around this. My only change is that I trdae the 5 min chart as I can't sit in front of the screen all day long. Damn work !!
I am able to check the charts sporadically. So 5 min is the man...
Thanks LT for for this great information.
My first trade is on the NZD/USD and currently 7.7 pips in the green
Thanks
