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haniam's anti Big Dogs trades

  • #541
  • Mar 18, 2008 6:37am Mar 18, 2008 6:37am
Hi Haniam,

Thanks for the above analysis. Much appreciated. I am still a "fan" ! I am currently long eurusd, buying on dips. Has been good so far with the strong rise of the euro against the usd!

regards,

Lee
  • #542
  • Mar 18, 2008 8:23am Mar 18, 2008 8:23am
student :.... good analysis

i'll post soon

safe trading !
  • #543
  • Mar 18, 2008 1:14pm Mar 18, 2008 1:14pm
We may get an urgent 1 point discount or more.

Beware S/R falling.

Try not to trade during the first few minutes up to 15 minutes. Unless you want to gamble!

Safe trade to all.
  • #544
  • Mar 18, 2008 1:19pm Mar 18, 2008 1:19pm
Quoting haniam
We may get an urgent 1 point discount or more.

Beware S/R falling.

Try not to trade during the first few minutes up to 15 minutes. Unless you want to gamble!

Safe trade to all.
Since we got 0.75 cut and the market has already priced a 1 point cut, we have the $ going strong for a while.
  • #545
  • Mar 18, 2008 3:58pm Mar 18, 2008 3:58pm
http://www.badongo.com/it/pic/3175139

-red squares indicate "entry" based on lines,candlestick pattern..(i already talked about my rules in the past )
-1° entry's target is fibonacci expansions at 1.58290 that is also a weak resistence.
-2° entry's target is the relative strong support at 1.57650
-3° entry's target is the upper trendlines (triangle pattern)
-4° entry's target is the lower trendlines (triangle pattern)

haniam i appreciate your comments..learning from your advices

good trading!
from italy
  • #546
  • Mar 19, 2008 5:22am Mar 19, 2008 5:22am
haniam i have found this chart in this forum. you can see a bull trap on the higher trendlines. how can we avoid this kind of bull trap?

thanks for your help


http://www.badongo.com/it/pic/3178152
  • #547
  • Mar 19, 2008 5:43am Mar 19, 2008 5:43am
Quoting john15689
http://www.badongo.com/it/pic/3175139

-red squares indicate "entry" based on lines,candlestick pattern..(i already talked about my rules in the past )
-1° entry's target is fibonacci expansions at 1.58290 that is also a weak resistence.
-2° entry's target is the relative strong support at 1.57650
-3° entry's target is the upper trendlines (triangle pattern)
-4° entry's target is the lower trendlines (triangle pattern)

haniam i appreciate your comments..learning from your advices

good trading!
from italy
Well done Jone.

But you missed the major break move, selling the break of the triangle and adding on every level break, mainly the 1.5680 break.

Attached Image (click to enlarge)
Click to Enlarge Name: 080319-EU-M15-Triangle.gif Size: 80 KB
  • #548
  • Mar 20, 2008 2:51am Mar 20, 2008 2:51am
Quoting john15689
haniam i have found this chart in this forum. you can see a bull trap on the higher trendlines. how can we avoid this kind of bull trap?

thanks for your help

http://www.badongo.com/it/pic/3178152
Big Dogs traps are mainly intended to trigger Stop/Limit orders and then go in the opposite orders, creating important losses in both sides like a jigsaw.

If avoiding them is not easy and may be more costy, minimizing the losses and directly making them back is not very difficult. It just needs discipline and prompt action.

Some rules to follow includes a good money management:
1- Determine the trend of the currency. Traps tend to be created in the opposite side of the trend. They are false breaks that will be promptly corrected.
2- a. Do not enter your full position on the first break, but enter 30% first if in counter trend, 40% if with the trend, then add on other level breaks in the way of the trend.
b. For bigger security for conservative traders, only trade breaks with the trend.
4- Be prepared to stop and reverse on the other side of the triangle until you protect your position.

In our example, we are in a clear downtrend.
1- If we are aggressive, we would buy the break for 30% of the position, close it and sell 40% on the other side, and add on every level break as needed until targets are reached.
2- If we are conservative, we would not buy as it is a counter trend.
We will only sell the break down with the trend for a full win.

In the very rare occasion of a false break in both sides, we will sustain a maximum of 70% of the position loss instead of a 100%. But it will always finish by breaking, won't it? We will then make up all the losses and more.

Money Management, Discipline and Patience... And you will make it to the top.

Safe trade to all!

Hani

Attached Image
  • #549
  • Mar 20, 2008 5:41am Mar 20, 2008 5:41am
Great work ...in this way we can minimize big dogs' effects on our accounts .

Happy holiday to all !
  • #550
  • Mar 21, 2008 8:52am Mar 21, 2008 8:52am
Hello haniam

You have said that you trade long term also. Could you reveal a little bit of that stradegy also and what to take consider when you are trading long term?


- Peke5
  • #551
  • Mar 31, 2008 2:02pm Mar 31, 2008 2:02pm
Quoting Peke5
Hello haniam

You have said that you trade long term also. Could you reveal a little bit of that stradegy also and what to take consider when you are trading long term?

- Peke5
Welcome Peke5 to the thread.

Long term trades are taken few times or less a month, targeting from 200 to 1000 pips or more, depending on volatility and pairs.

We had today a perfect setup for a long term sell trade, the retest of the all time high followed by a strong rejection targeting 1.5680, 1.55xx. The break of 1.4970 level for a long term buy entry targeting 1.5420 and higher at 1.59xx both reached.

You can search this thread for ' long term ' and read more how I enter them.

Regards,
  • #552
  • Mar 31, 2008 2:10pm Mar 31, 2008 2:10pm
Quoting haniam
Welcome Peke5 to the thread.

Long term trades are taken few times or less a month, targeting from 200 to 1000 pips or more, depending on volatility and pairs.

We had today a perfect setup for a long term sell trade, the retest of the all time high followed by a strong rejection targeting 1.5680, 1.55xx. The break of 1.4970 level for a long term buy entry targeting 1.5420 and higher at 1.59xx both reached.

You can search this thread for ' long term ' and read more how I enter them.

Regards,
what pair are u talking about?
  • #553
  • Mar 31, 2008 5:42pm Mar 31, 2008 5:42pm
Quoting ayour2a
what pair are u talking about?
Haniam is referring to the eurusd pair.
  • #554
  • Apr 1, 2008 9:55am Apr 1, 2008 9:55am
Quoting Bakuli
Haniam is referring to the eurusd pair.
Thank you Bakuli for replying.

Obviously the only currency that have an all time high at 1.59 level is the one we are being practically only trading in this journal, the EUR/USD pair.
  • #555
  • Apr 1, 2008 10:06am Apr 1, 2008 10:06am
Quoting haniam
Welcome Peke5 to the thread.

Long term trades are taken few times or less a month, targeting from 200 to 1000 pips or more, depending on volatility and pairs.

We had today a perfect setup for a long term sell trade, the retest of the all time high followed by a strong rejection targeting 1.5680, 1.55xx. The break of 1.4970 level for a long term buy entry targeting 1.5420 and higher at 1.59xx both reached.

You can search this thread for ' long term ' and read more how I enter them.

Regards,
Funny enough, the long term EU short we took yesterday reached all its targets less than 24 hours later, giving tons of pips. The market is very volatile and this explains the quick moves, that may take weeks in other cases.

It would have been more as a long term trade if it has been taken on March 28, 2008

We booked 80% of all positions on EU, and we will reenter short on a break of 1.5495-1.5525 resistance area. We can use this area now for a long (buy) trade using AMM-S to safely build the position with 60 pips stop, targeting 1.5600, 1.5670 and 1.5720.

Lot of pips for all,

Hani
  • #556
  • Apr 2, 2008 1:13am Apr 2, 2008 1:13am
Quoting haniam
Funny enough, the long term EU short we took yesterday reached all its targets less than 24 hours later, giving tons of pips. The market is very volatile and this explains the quick moves, that may take weeks in other cases.

It would have been more as a long term trade if it has been taken on March 28, 2008

We booked 80% of all positions on EU, and we will reenter short on a break of 1.5495-1.5525 resistance area. We can use this area now for a long (buy) trade using AMM-S to safely build the position with 60 pips stop, targeting 1.5600, 1.5670 and 1.5720.

Lot of pips for all,

Hani
EU bounced @1.5530 instead of 1.5525, and the next time test has a good probability of a break. If you entered a long, take half profit and move SL to BE. If you did not enter the trade, use now AMM-S support area is now at 1.5495-1.5470 with 40 pips stop targeting 1.5535, 1.5580.

Leave in mind that for the hour, EU is bearish and long term targets are at 1.5435 and 1.5350
  • #557
  • Apr 2, 2008 4:21am Apr 2, 2008 4:21am
Quoting haniam
EU bounced @1.5530 instead of 1.5525, and the next time test has a good probability of a break. If you entered a long, take half profit and move SL to BE. If you did not enter the trade, use now AMM-S support area is now at 1.5495-1.5470 with 40 pips stop targeting 1.5535, 1.5580.

Leave in mind that for the hour, EU is bearish and long term targets are at 1.5435 and 1.5350
90% of long positions colsed as they reached the 2 first targets and now at the PL around 1.5655 and last target is at 15 pips.

Moving SL for the remaining 10% at 1.5625. In fact, it does not really worth it and you may close all now.

This was a live example of a Short term trades.

Happy pips harvesting to all,

Hani
  • #558
  • Apr 11, 2008 4:10pm Apr 11, 2008 4:10pm
Hi haniam....your analysis, your advices are always pleasant...
I hope you are catching a lot of pips...all the best for you

i leave this post with a question: what do you think about "trading for living" ?Are you a full time trader? it is a pleasure for me if you can deal about this question

have a good time !
From italy
  • #559
  • Apr 23, 2008 1:34am Apr 23, 2008 1:34am
Quote
Dear Mr. Hani,

Excuse me for disturbing you, BUT there was a BIG question tickling me so I am sorry: "Would 1.6 be broken like what happened in 1.5 for E/$?"
I hope the best for you,

Thanks & Best Regards,

Unless a major intervention from both FED and ECB, all fundamentals and technicals are against the USD.

Yesterday it bounced around 1.6015 and just closed below 1.6

A daily close above 1.6 will confirm the move. A retrace is under way may go down to 1.58xx, and strategy is to buy on dips.

Weeks targets are 1.6050, 1.6100
Next month targets are 1.63xx then 1.65xx

Good support at 1.5950, 1.5920, 1.5865 and 1.5830 and may be good opportunities to buy, mainly using AMM-S on 1.5900-1.5915 area.

Let's get tons of pips!

Attached Image
  • #560
  • Apr 23, 2008 2:04am Apr 23, 2008 2:04am
Quoting john15689
Hi haniam....your analysis, your advices are always pleasant...
I hope you are catching a lot of pips...all the best for you

i leave this post with a question: what do you think about "trading for living" ?Are you a full time trader? it is a pleasure for me if you can deal about this question

have a good time !
From italy
Hi john15689,

Trading for living is one of the first subjects discussed in this thread after Bakuli messages asking about it. I think you should find the answer in the first few pages if you read them back.

As for me, check previous post as:
http://www.forexfactory.com/showthre...ts#post1777218

http://www.forexfactory.com/showthre...ts#post1893105

http://www.forexfactory.com/showthre...ts#post1777601
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