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haniam's anti Big Dogs trades

  • #161
  • Oct 23, 2007 3:11am Oct 23, 2007 3:11am
Quoting haniam
trade 5 Sold @1.4206
Trade 5 closed @1.4203 for +3 pips
Trade 6 closed @1.4202 for +10 pips
Trade 7 closed @1.4203 for +10 pips

Reasons: Some buying pressure up. Will sell higher

Still have trade 3 sold @1.4201 that is in play
  • #162
  • Oct 23, 2007 3:41am Oct 23, 2007 3:41am
Quoting haniam
Trade 5 closed @1.4203 for +3 pips
Trade 6 closed @1.4202 for +10 pips
Trade 7 closed @1.4203 for +10 pips

Reasons: Some buying pressure up. Will sell higher

Still have trade 3 sold @1.4201 that is in play
Trade 8 Sold 1.4213 targeting 10-20 pips
  • #163
  • Oct 23, 2007 3:49am Oct 23, 2007 3:49am
Quoting doughboi
wow!!...spot on dude,,,and you say you base your trades off of your strategy that is posted on here?
Welcome to the thread doughboi!
As you say : Learn from others, but follow your own path

You have to be confortable with your trading style or you will never get more pips than you lose.

Happy trading,

hani
  • #164
  • Oct 23, 2007 4:55am Oct 23, 2007 4:55am
Quoting haniam
Trade 8 Sold 1.4213 targeting 10-20 pips
Closed trade 3 @1.4200 for +1 pip
Closed trade 8 @1.4200 for +13 pips

Reasons: Bad connection. Can not follow up with market.
  • #165
  • Oct 23, 2007 6:52am Oct 23, 2007 6:52am
Pivot point @1.4218 is now broken.

A trade setup, I will not be following, would be to buy now @1.4218-20 targeting 1.4235, 1.4250, 1.4280.

I will be wating to sell @1.4250, 1.4280 targeting the down side.
  • #166
  • Oct 23, 2007 7:13am Oct 23, 2007 7:13am
Quoting haniam
Pivot point @1.4218 is now broken.

A trade setup, I will not be following, would be to buy now @1.4218-20 targeting 1.4235, 1.4250, 1.4280.

I will be wating to sell @1.4250, 1.4280 targeting the down side.
Trade 9 Sold @1.4259
Trade 10 Sold @1.4260
  • #167
  • Oct 23, 2007 10:09am Oct 23, 2007 10:09am
Quoting haniam
Trade 9 Sold @1.4259
Trade 10 Sold @1.4260
Trade 9 closed @1.4248 for +11 pips
Trade 10 closed @1.4248 for +12 pips
Trade 11 Sold @1.4261 closed @1.4247 for +14 pips
Trade 12 Sold @1.4262 closed @1.4246 for +16 pips
  • #168
  • Oct 23, 2007 10:11am Oct 23, 2007 10:11am
Quoting haniam
Pivot point @1.4218 is now broken.

A trade setup, I will not be following, would be to buy now @1.4218-20 targeting 1.4235, 1.4250, 1.4280.

I will be wating to sell @1.4250, 1.4280 targeting the down side.
The prices reached 2 pips from my sell point @1.4280 so I was not in the trade for the beautiful 45 pips down.

I did not sell manualy at 1.4275-8 since I was already in to 4 trades around 1.4260
  • #169
  • Oct 23, 2007 10:18am Oct 23, 2007 10:18am
Quoting haniam
Pivot point @1.4218 is now broken.

A trade setup, I will not be following, would be to buy now @1.4218-20 targeting 1.4235, 1.4250, 1.4280.

I will be wating to sell @1.4250, 1.4280 targeting the down side.
Well even if I posted the buy setup live before it happened, I did not buy as mentioned previously. Why?

Because I believe that all these suddenly up moves are BD works and traps for traders before a much bigger down move.

I think that the BD are trying to put buyers to take as much as they can!

Look how prices went down much faster than they needed to go up! 3 hours to go up, 45 minutes to go all way down!

In english: Bull attemps to send prices highers are being weaker and weaker. Bears are winning more and more and we will see big move downs in the coming days. Don't fell into bull traps.

Beware the Big Dogs!
  • #170
  • Oct 23, 2007 10:40am Oct 23, 2007 10:40am
Bulls have still rooms to try another attempt to a higher level.

Unless they manage to take 1.4355 major resistance level, I will stay bearish and in sell mode.

New attempt 1.4310-20 level where I will be selling massively targeting 1.4090, 1.4030.

Still 1.4278 may give a good selling entry point depending on price reaction at this level.

At this level we may see a good bounce I will talk about later on.
  • #171
  • Oct 23, 2007 1:49pm Oct 23, 2007 1:49pm
Yesterday was a great day for BD where they managed to take the EU to a YTD high taking many stops up, then all the way down 200 pips taking lot of other stops down!

Another play today to let us think the EU is on it's way to the highs and higher again. But I am not so sure it will.

12 sell trades today for +24+28+5+3+10+10+1+13+11+12+14+16 = +147 pips
  • #172
  • Edited 12:47am Oct 24, 2007 12:11am | Edited 12:47am
Pivot level today is @1.4237.
It has not yet being tested today

A sell setup can be @1.4258 and 1.4265 targeting 1.4240 with SL @1.4280-90. The P/L ration @1.4258 is not very good, but the pression is down so it may not reach 1.4265 for a better sell. This scenario is void if 1.4240 is tested first.

Then we may see a test of 1.4290, 1.4315 where would get another sell entry targeting 1.4240, 1.4190, 1.4145 and 1.4090 with a SL @1.4360-65

If these level are not reached, and 1.4235 is broken before, then I will sell the break bounce back with same targets

Happy pips harvesting to all!

hani
  • #173
  • Oct 24, 2007 12:41am Oct 24, 2007 12:41am
In WWII, France had a great defense line called Maginot at the frontier with Germany and Italy where no enemy would be able to pass by without very big losses.

Nevertheless, the German army did invade France without big losses! The secret? They passed by the Belgium frontier that was very weak and after they used this line to create big arms factories.

This same line was used by German at the end of the war to resist to the allied army during the liberation of France.

The resistance against the Bulls became support against the Bears!

Watch you resistance and support areas!

More on this interesting story in French http://fr.wikipedia.org/wiki/Ligne_Maginot

Attached Image
  • #174
  • Oct 24, 2007 2:04am Oct 24, 2007 2:04am
Why France lost so quickly towards the German at the beginning of the war.
Because they did not have a full defensive plan.

When you go trading, you are at war with the Big Dogs, and you will have no chance of winning unless you have an excellent training and more a good trading plan.

You can not plan your battles while you are fighting! You should always plan before the battle. When it begins, no time to think. Just execute what you planed! If you lose the battle, no problem. Your plan would have secured you a way out with minimal stops (SL, hedging...) until the next battle.

You do not have to win all the battles to be on the way of winning the war.
You just have to win more than you lose. That's it.

So plan your trades everyday (If you are a day trader) or every week.
After every battle, think why you won or lost, how to do better, what is the next step.

As much as you still have soldiers, the war is not finished. And fight to win big and to lose small!
  • #175
  • Oct 24, 2007 2:07am Oct 24, 2007 2:07am
Quoting haniam
Pivot level today is @1.4237.
It has not yet being tested today

A sell setup can be @1.4258 and 1.4265 targeting 1.4240 with SL @1.4280-90. The P/L ration @1.4258 is not very good, but the pression is down so it may not reach 1.4265 for a better sell. This scenario is void if 1.4240 is tested first.

Then we may see a test of 1.4290, 1.4315 where would get another sell entry targeting 1.4240, 1.4190, 1.4145 and 1.4090 with a SL @1.4360-65

If these level are not reached, and 1.4235 is broken before, then I will sell the break bounce back with same targets

Happy pips harvesting to all!

hani
Hi!

I've been following your thread without saying a word to you.

OK. It's time to say it:

Bravo!!
  • #176
  • Oct 24, 2007 2:10am Oct 24, 2007 2:10am
Quoting haniam
Pivot level today is @1.4237.
It has not yet being tested today

A sell setup can be @1.4258 and 1.4265 targeting 1.4240 with SL @1.4280-90. The P/L ration @1.4258 is not very good, but the pression is down so it may not reach 1.4265 for a better sell. This scenario is void if 1.4240 is tested first.

Then we may see a test of 1.4290, 1.4315 where would get another sell entry targeting 1.4240, 1.4190, 1.4145 and 1.4090 with a SL @1.4360-65

If these level are not reached, and 1.4235 is broken before, then I will sell the break bounce back with same targets

Happy pips harvesting to all!

hani
Trade 1 Sold @1.4236 on the bounce back of Pivot closed @1.4209 for +27 pips
Will sell back higher

Don't forget, make a plan and follow it!
  • #177
  • Oct 24, 2007 2:52am Oct 24, 2007 2:52am
Hi Hani

Been following your set-ups closely (but still not trading yet, just learning and 'feeding' to grow into a big fish one day ).
I was wondering what time frames do you use ?

Thanks
L
  • #178
  • Oct 24, 2007 5:26am Oct 24, 2007 5:26am
Thanks Haniam! You've got plenty of fans, please keep posting!!
  • #179
  • Oct 24, 2007 7:03am Oct 24, 2007 7:03am
Quoting marc
Hi!

I've been following your thread without saying a word to you.

OK. It's time to say it:

Bravo!!
Thank you Marc.
I am glad you are interested in my thread.
Hope you find usefull stuff inside.

Happy trading,

Hani
  • #180
  • Oct 24, 2007 7:20am Oct 24, 2007 7:20am
Quoting Bakuli
Hi Hani

Been following your set-ups closely (but still not trading yet, just learning and 'feeding' to grow into a big fish one day ).
I was wondering what time frames do you use ?

Thanks
L
Hi Lee,

I would advise you to always work from up to down.

Looking at weekly once or twice a week to see what’s happening, on daily once or twice a day to check where we are, drawing trendlines and Fibonacci levels as needed.

But trading from the daily TF is difficult in the beginning.

H4 is a great time frame to follow the market without the need to stick to your PC.

Lower trendlines are dangerous to trade in the beginning.

I use all timeframes to trade, depending on my 'humor', on the market and on the time of the day.

But I would advise you not to focus on more than 2 TF, choosing them as you feel comfortable with. In your choice you can select for example H4 as your leading TF and H30 as your entry TF for more precision.

I use sometimes M1, but it is dangerous and I would not advise you to go into less than M15 to start with.

Read again post#7 for a Top down analysis using EU.

Don't jump too quickly into trading, but don't stay for ever watching.

Use a live account that would have very small lot size to work with, like 1$ for example (1 pip = 0.0001$) so you move away the emotion problem, then grow slowly the lot size as you become successful in your trades. Many borkers offers this possibility, and some for free.

Happy trading,

Hani
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