hmmm...when to take PROFITS, its always tough
I am bored..
- #5,882
- Jan 29, 2008 2:34am Jan 29, 2008 2:34am
Sorry Br0,
Not that I'm good, I'm just lucky only. I was following my chart closely and my BGX system. When it's showing doesn't break thru my h1 chart ( red line not crossing blue ), It's tell me there's a strong retracement ( Rebounce ). So I just place order some where higher to the previous higher. Then I slot in entry when it climb the 3rd time and head down again....
Still practising ... sharpening my small blunt knife...
Not that I'm good, I'm just lucky only. I was following my chart closely and my BGX system. When it's showing doesn't break thru my h1 chart ( red line not crossing blue ), It's tell me there's a strong retracement ( Rebounce ). So I just place order some where higher to the previous higher. Then I slot in entry when it climb the 3rd time and head down again....
Still practising ... sharpening my small blunt knife...
Banker please return my pipins.
- #5,883
- Jan 29, 2008 2:36am Jan 29, 2008 2:36am
abanglong,
thanks for the method. one more thing, just need a clarification, you mean straddle (both side) around that time?
I used to get my self f*ck up when it comes to pick a trade based on anything less than 4 hour chart (hourly or minute chart). so I cherry pick a trade by simply spotting a trend on daily chart, buy/sell a pullback of a break of yesterday high/low. Pattern and formation or whatever i posted just simply an alert to me. There will loses or winner here and there but when i see my weekly or monthly budget, it works all the time
Thaks again. Regards.
Or you can target the lowest candle on 1H at that time, and minus another 1 pip for your order. for example, the lowest before 3.30 pm KL time, is 1.4756. So, u can make order @ 1.4755.
Now it attempted to break the resistance of 1.4750. If it does break, should go south today.
have fun trading
- #5,884
- Jan 29, 2008 2:42am Jan 29, 2008 2:42am
closed my nice "30 pips" for euraud
okay guys, i am tired, need to have some rest. see you again when consumer confidence is announced.
good luck to all and my regards.
Banker please return my pipins.
- #5,885
- Jan 29, 2008 4:16am Jan 29, 2008 4:16am
Well r00m,
Today FR:100pips on GJ.
Packing from here.... Price seems ranging narrowly.. Perhaps there's a big movement later ... Let see tonite...
H@ppy D@y...
Today FR:100pips on GJ.
Packing from here...
. Price seems ranging narrowly.. Perhaps there's a big movement later ... Let see tonite...H@ppy D@y...
Banker please return my pipins.
- #5,886
- Jan 29, 2008 5:03am Jan 29, 2008 5:03am
Closed my trade on GJ 212.30. Entry was at 210.95 earlier so another 135 pips for today. Will wait again late tonite for another trade if possible. If not we will do it tomorrow. Good luck.
Monthly Profit & Lost :-
May - +85 pips
- #5,887
- Jan 29, 2008 5:07am Jan 29, 2008 5:07am
Well r00m,
Today FR:100pips on GJ.
Packing from here...
H@ppy D@y...
Well, seems like its no more 30 pips for u daily. U should set 100 pips daily from now. Nice one!
Monthly Profit & Lost :-
May - +85 pips
- #5,888
- Jan 29, 2008 5:43am Jan 29, 2008 5:43am
Closed my trade on GJ 212.30. Entry was at 210.95 earlier so another 135 pips for today. Will wait again late tonite for another trade if possible. If not we will do it tomorrow. Good luck.
Looking at the chart, you got it in at the right time. Lowest is @ 210.85. Can you share the secrets? Are you trading using pivot as a guideline? Only twice did I traded GJ. Very volatile. But, BIG pips.
Thanks, bro.
- #5,889
- Jan 29, 2008 5:58am Jan 29, 2008 5:58am
Savant,
Looking at the chart, you got it in at the right time. Lowest is @ 210.85. Can you share the secrets? Are you trading using pivot as a guideline? Only twice did I traded GJ. Very volatile. But, BIG pips.
Thanks, bro.
Hi, Abanglong, i indeed use pivot more than fibbo, simple reason is one will not get wrong with pivot as for fibbo, there r few way to draw it, top to bottom, bottom to top, even the different price makes the different. As for entry, sometimes u get lucky and sometimes u dont, remember that ,there is no perfect entry and as for my entry today is very simple, if you read my earlier post with my chart, u will c i have draw a trendline under the candle stick, there is where i will try to place my po to make an entry. Most of the time i would set po on pivot , support or resistance line to make my entry. Hope you understand what i mean, its simple and easy. Good luck
Monthly Profit & Lost :-
May - +85 pips
Hi, Abanglong, i indeed use pivot more than fibbo, simple reason is one will not get wrong with pivot as for fibbo, there r few way to draw it, top to bottom, bottom to top, even the different price makes the different. As for entry, sometimes u get lucky and sometimes u dont, remember that ,there is no perfect entry and as for my entry today is very simple, if you read my earlier post with my chart, u will c i have draw a trendline under the candle stick, there is where i will try to place my po to make an entry. Most of the time i would set po on pivot , support or resistance line to make my entry. Hope you understand what i mean, its simple and easy. Good luck
Cheers!
May God blessing all of you!
- #5,891
- Jan 29, 2008 6:59am Jan 29, 2008 6:59am
Hi Savant, i am totally respect your trade, i have noticed your trade everyday and i can say your winning rate is 9 out of 10. Eventhough i learned from you at the cafe but i am still couldnt catch the tactic. Will need to learn from 'Sifu' again when the next time we meet!
Cheers!
LoL... Nah.. im not sifu.. too many otai or sifu here, they will laugh at me only if u call me sifu. Anyway it really takes me sometime to stable myself with this kind of tactics, although its not 100% (nothing is 100%) it does have more winning chance based on pivot but still sometimes we still need to do reading on news too. Thats why i seldom trade whenever there's big news coming out, i would close trade earlier even if it dont hit my TP just like today it did go up to 213 but i was avoiding the US session thats why. Well, hope we meet again soon, we could do this whenever u wanna meet up at any place in around KL.
Monthly Profit & Lost :-
May - +85 pips
- #5,892
- Jan 29, 2008 7:11am Jan 29, 2008 7:11am
- | Joined Oct 2007 | Status: how many wrongs to make it right? | 112 Posts
Hi Savant, i am totally respect your trade, i have noticed your trade everyday and i can say your winning rate is 9 out of 10. Eventhough i learned from you at the cafe but i am still couldnt catch the tactic. Will need to learn from 'Sifu' again when the next time we meet!
Cheers!
i like savant entries. it's quite 'in-time'.. not too late.. just nice. so that the stoploss will be as minimal as possible (this is my main problem here).
would like to learn from u. please share more tips with us
anyway, thanks ya.
nasi lemak style! wachaaa... em, nyum nyum mamam... 
- #5,893
- Jan 29, 2008 7:25am Jan 29, 2008 7:25am
yep2, im agree with u!
i like savant entries. it's quite 'in-time'.. not too late.. just nice. so that the stoploss will be as minimal as possible (this is my main problem here).
would like to learn from u. please share more tips with us
anyway, thanks ya.
Lol.. TQ TQ. Makes me wanna post more.
Hope to meet u guys soon. Monthly Profit & Lost :-
May - +85 pips
- #5,895
- Jan 29, 2008 8:05am Jan 29, 2008 8:05am
Well, seems like its no more 30 pips for u daily. U should set 100 pips daily from now. Nice one!
Banker please return my pipins.
. Looking forward to join the team at SHAM cafe .... after CNY ... - #5,897
- Jan 29, 2008 8:20am Jan 29, 2008 8:20am
Hi, Abanglong, i indeed use pivot more than fibbo, simple reason is one will not get wrong with pivot as for fibbo, there r few way to draw it, top to bottom, bottom to top, even the different price makes the different. As for entry, sometimes u get lucky and sometimes u dont, remember that ,there is no perfect entry and as for my entry today is very simple, if you read my earlier post with my chart, u will c i have draw a trendline under the candle stick, there is where i will try to place my po to make an entry. Most of the time i would set po on pivot , support or resistance line to make my entry. Hope you understand what i mean, its simple and easy. Good luck
Back for trading after the news. Catch up Heroes at Starworld.
Watch out for EU upwards
- #5,898
- Jan 29, 2008 9:23am Jan 29, 2008 9:23am
Thank you for the tips. Someone once told me that if we are trading Yen, we have to refer to pivot, especially before NY closing. Got 10 PIPS on EU before stayed aside just now.
Back for trading after the news. Catch up Heroes at Starworld.
Watch out for EU upwards
- #5,899
- Jan 29, 2008 2:00pm Jan 29, 2008 2:00pm
hi guys,
made a lot of pips trading gbpjpy range ?
ok, just to share an old story on gbpusd (my personal view not advice). i have been looking for some sort of re-test or whatever on the failed area (as the week is not over yet, the bar is still open for dispute). A broadening formation at the top (think so), from my often failed memory and observation, if failed to make a clean break of the horizontal line normally may result at least 50% retracement from the recent pivot low (recent lowest trough). so if failure valid, things can get very exciting
:.
best regards and a lot of luck.
made a lot of pips trading gbpjpy range ?
ok, just to share an old story on gbpusd (my personal view not advice). i have been looking for some sort of re-test or whatever on the failed area (as the week is not over yet, the bar is still open for dispute). A broadening formation at the top (think so), from my often failed memory and observation, if failed to make a clean break of the horizontal line normally may result at least 50% retracement from the recent pivot low (recent lowest trough). so if failure valid, things can get very exciting
:.best regards and a lot of luck.
I am bored..
- #5,900
- Jan 29, 2008 2:05pm Jan 29, 2008 2:05pm
G33, I'm still learning ... moreover, with your early advise, make my entry more confident ... But, I'm still looking at 40pips maintain ... Thx @ll bruders
i didnt say anything. savant said it i guess but i think he's right. you are so modest, 30 pips revise up 10 pips only? should target for higher now hehe.
anyway, what advice? i am also learning from you guys.
I am bored..