anyone taking th gj ?
.
dagoods,
What's your timeframe mate? If you can see past all your fibs, you might notice the last 4 days being relatively flat on this pair. It's all relative to the timeframe you're trading.
Personally, my take on this pair is that it's poised to break out, the current trend is flat, and we are back where we started at the beginning of this week. I'd bet good limits to place would be on this week's high and low, because it never stays flat forever
I also have been straddling it and this again goes back to what your timeframe is and whether you are willing to wait for the serious pips. You can prolly trade more than one pair if you are trading longer timeframes. Normally, I will pick and choose the pairs that are trending better than others. I try not to forget that staying out is always an option.
It turns out shorting GBP/CHF earlier was a good plan. I will now begin to attempt a pyramid based on 3-hour peaks and valleys permitted the trend continues..
may i ask what u base your anlyysis on?
)
...what a haul!...well done, Sir!
Are all these trades off the Oanda 3hr and do you still use 50 pip initial stops across all pairs/crosses?
The 50 pip stop is definitely too small at this time frame, and right now I'll be going for bigger stops, better accuracy. We'll see how it turns out
Hey guys,
Hope everyone had a good weekend! Forex just got done pippin' my ride as I woke up this morning, and I'm currently up a little over 1k pips..
Anyone else banking, too?
Beautiful...
No major position here except for some Ctrend on g/u.
Daily entries work best and keep you out of the noise imo, but require larger stop, so proper MM is a must...
They'll also good to practice discipline and patience....
e.g. last fiber long would be around 1.4760 (and before at 1.4720 and 1.4410 (daily TF)) and is still running... netting you around 760-780ps (a little better than jacko's ah method)
!Tools for the real deal
Hi kharvell !
Someone once a time said to me : "Come to the point or piss of man"
You came to the point man
Attached my trade on USD/JPY 15min chart from today...
Pure price action, fibonacci 50% retracement, trendline breaks and
paying attention to round numbers and order flow.
(Order flow => Knowing the main direction of the currency !)
These are the parts of my Pip puzzle !
Refer to jackos thread and james 16 group.
I learned the hart way and can assure you :
1. NO INDICATORS !!!!!!!
2. NO INDICATORS !!!!!!!
3. MONEY MANAGEMENT !!
4. MONEY MANAGEMENT !!
5. CONFIDENCE !!
6. CONFIDENCE !!
Nothing else needed to reach heaven !!
Full stop !!
Greetings and happy trading
Bernhard
)
Hey raczekfx,
Are those EUR/USD trades real? If so, nice work man! If not, thanks for the example
Keep up the good work,
Kevin
) behind your method. I like it to the point that I'm going to give it a shot with real money in my test account. I've setup a system on both C2 and zulutrade (for verification purpose) and will auto trade it off daily charts (minimum maintenance required...) I tweaked it a bit to take advantage of PA and if everything goes right I may post results here in a month or two...
Racze are you going to be able to hold positions for as long as it requies, ie past 100-150 pips....?
he, he... time will tell my friend... currently holding cable (+150) and still sitting on my hands ..
(added more at 1.9566- 4hr pb and 1.9606 - 4hr peak)
p.s. next trigger might be eur/gpb short few pips below current price....
mmmmmm, I am liking this more & more. Kind of strange to just look at a line instead of bars though. I will have to get used to it.
Kevin the line overlay on your candels, is it 1 ema set to close or median?
Racze are you going to be able to hold positions for as long as it requies, ie past 100-150 pips....?
. Also, if you truly plan to trade off of 3-hour charts or higher, it is a must to aim for big pips IMO.
looks a good plan.
