TT5 Trade # 10 USD/JPY
Closed at Target 101.77 for PLUS 50 pips...
Closed at Target 101.77 for PLUS 50 pips...
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- #761
- Apr 4, 2008 7:44am Apr 4, 2008 7:44am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #763
- Apr 6, 2008 4:46pm Apr 6, 2008 4:46pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #764
- Apr 6, 2008 4:51pm Apr 6, 2008 4:51pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #765
- Apr 6, 2008 10:37pm Apr 6, 2008 10:37pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #767
- Apr 6, 2008 11:05pm Apr 6, 2008 11:05pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
Oh OH... now I remember why I should not stay up so late doing this....
Right now I see no way to fix this unless I move my target down... which also seems risky... means also my gain possibility is only about 1.5% not the 3% I posted.....
I think I shall pray instead..... since I am going to bed....
Right now I see no way to fix this unless I move my target down... which also seems risky... means also my gain possibility is only about 1.5% not the 3% I posted.....
I think I shall pray instead..... since I am going to bed....
So you're risking 165 pips to gain 95...? :surprised :surprised :surprised
- #768
- Apr 7, 2008 7:23am Apr 7, 2008 7:23am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #769
- Apr 8, 2008 6:20am Apr 8, 2008 6:20am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #770
- Apr 8, 2008 7:31am Apr 8, 2008 7:31am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #771
- Apr 8, 2008 8:45am Apr 8, 2008 8:45am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
I have now taken another Trade Towards the 5 trade on GBP/USD
LONG @ 1.9675 Target... 50 pips 1.9725
......:surprised
- #772
- Apr 9, 2008 5:55am Apr 9, 2008 5:55am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
I have now taken another Trade Towards the 5 trade on GBP/USD
LONG @ 1.9675 Target... 50 pips 1.9725
Bummer! lol
Did it hit dude?
Bundy's status today: "Waiting..."
- #773
- Apr 9, 2008 6:43am Apr 9, 2008 6:43am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
NO man.... missed by 2 pips or so...!!!
1.9723
Bummer! lol
Did it hit dude?
- #774
- Apr 9, 2008 2:20pm Apr 9, 2008 2:20pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #775
- Apr 9, 2008 3:04pm Apr 9, 2008 3:04pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #776
- Apr 9, 2008 3:30pm Apr 9, 2008 3:30pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #777
- Apr 9, 2008 4:52pm Apr 9, 2008 4:52pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
In case anyone might be interested... here is a bit about me... and why TT5 came to be...
I am a lazy backwards person... I am often poor at analysing charts and price.... and I have never given up thinking there must a Po' Boy way of trading.... a way to be profitable without breaking my brain....
I also for some reason... thoughout my life. am always going against the grain... or against the trend... not just in forex... but in everything...
I have for more than 3 years now listened to each person tell me I have to trade with the trend... the trend is my friend.... never go against the trend... etc... etc...
Yet I think in all these years I have yet to ever be able to get on a trend in forex... I know, I know.... it is just me.. I just can't seem to do it... I see those lovely trends... I just never can figure out a way to get in....
A few months ago... it dawned upon me that it really is not necessary to trade with the trend.... it is necessary to know some things about the trend and how price works... it is necessary to be able to take advantage of the trend and trade the other way sometimes...
So I finally sat down and thought of a way I can trade the way I need to trade to make pips... a way that fits me.... and so came about TT5.... it is simply the idea that price will only get so far away from the 5 ema... then price will go back to the 5.... I pick opportune moments to do just that.. Trade Towards the 5 ema... This system seems to work for me... it may not work for anyone else... but it does for me... yes it goes against the trend...
Look also at the other things I trade... like diveregnce trades... they too often seem against the trend.. ( though they really are not )...
Often times... trading a good pin bar... is trading against the trend.... for instance... the beautiful weekly USD.CAD pin from Nov 2007...
The trend is our friend... it does not always mean we have to trade with the trend direction....
- #778
- Apr 9, 2008 5:33pm Apr 9, 2008 5:33pm
- | Joined Feb 2006 | Status: Trader | 1,305 Posts
So I finally sat down and thought of a way I can trade the way I need to trade to make pips... a way that fits me...
Although many traders prefer trading with the trend and you always hear it, some traders seem to excel more at trading against the trend. I think it was on Wall Street Warriors (someone posted a link here on forex factory) where one of the traders said some find it easier to short than to go long so they base their trading around that. Sounds a little like you although with counter trend trading
- #779
- Apr 10, 2008 5:55pm Apr 10, 2008 5:55pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #780
- Apr 10, 2008 6:00pm Apr 10, 2008 6:00pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
