just want to add the penant on cable m30... Hope this would break any minute from now 
Drawing correct resistance and support-lines
- #1,402
- Apr 21, 2008 8:37pm Apr 21, 2008 8:37pm
- | Joined Oct 2007 | Status: Technical Trader | 765 Posts
Hi there Guy's... Today Gbd/Jpy Seem's to me Bullish at the first & maybe also in 2nd session of the day... But only if it able to break some important level's & manage to breakup in a falling wedge in 30-Minute's chart coz in 4-Hour chart There seem's a reversal hammer
... But Let's see ...as it's still struggling... I might not be available here from now...Bit busy today... Meet you all Later...
...
Umair!!!
... But Let's see ...as it's still struggling... I might not be available here from now...Bit busy today... Meet you all Later......Umair!!!
- #1,403
- Apr 21, 2008 8:43pm Apr 21, 2008 8:43pm
- | Joined Oct 2007 | Status: Technical Trader | 765 Posts
just want to add the penant on cable m30... Hope this would break any minute from now
...Seem's your lower line of your TL is accurate but on ur upper line you didnt draw line on the candle's wick...Though GU seem's little bullish today in a 1st session but try to connect candle's wick to wick...i,ll post the screenshot later coz right now im going see you all later...
- #1,404
- Apr 21, 2008 10:49pm Apr 21, 2008 10:49pm
Hi Gunset
Seem's your lower line of your TL is accurate but on ur upper line you didnt draw line on the candle's wick...Though GU seem's little bullish today in a 1st session but try to connect candle's wick to wick...i,ll post the screenshot later coz right now im going see you all later...
oh thanks umairs.. I just took the higher candle, so It didn't touch the other candle's wick.
- #1,407
- Apr 22, 2008 12:24am Apr 22, 2008 12:24am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Good to be back
Yeah, looking at the same option. Seems like a slow start today.
Hi There Aediaz ...Yesterday we Miss you Buddy
Umair!!!
Umairs2004 Gbd/Jpy!!!
Hi there Guy's... Today Gbd/Jpy Seem's to me Bullish at the first & maybe also in 2nd session of the day... But only if it able to break some important level's & manage to breakup in a falling wedge in 30-Minute's chart coz in 4-Hour chart There seem's a reversal hammer
Umair!!!
Measure twice, cut once
- #1,408
- Apr 22, 2008 12:29am Apr 22, 2008 12:29am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
not get in.. but it's worth 10pips
Measure twice, cut once
- #1,409
- Apr 22, 2008 1:38am Apr 22, 2008 1:38am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Measure twice, cut once
- #1,410
- Apr 22, 2008 2:42am Apr 22, 2008 2:42am
- | Joined Oct 2007 | Status: Technical Trader | 765 Posts
Let's see if 205.50 can be achievable;
See Gbd/Jpy Same Bullish as i expected ...Though i didnt enter as i was bit busy just came back & saw this wounderfull breakout for more than +100 Pip's...
Also i said in my last post about G/U that im also expecting it bullish today well seems it showing good bullish movement...Umair!!!
- #1,411
- Apr 22, 2008 3:21am Apr 22, 2008 3:21am
- | Joined Oct 2007 | Status: Technical Trader | 765 Posts
Hi Gunset
Seem's your lower line of your TL is accurate but on ur upper line you didnt draw line on the candle's wick...Though GU seem's little bullish today in a 1st session but try to connect candle's wick to wick...i,ll post the screenshot later coz right now im going see you all later...
...Umair!!!
- #1,412
- Apr 22, 2008 4:01am Apr 22, 2008 4:01am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Well Now see the screenshot of Gbd/Usd .... A Successfull Breakout so far for +44 Pip's...
Umair!!!
Measure twice, cut once
- #1,413
- Edited 4:45am Apr 22, 2008 4:07am | Edited 4:45am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Gonna watch how price reacts to .50 on G/J. I expect some resistance there but I hope I'm dead wrong
Edit: I'm all out, hope you guys had some nice profits too.
Edit: I'm all out, hope you guys had some nice profits too.
Measure twice, cut once
- #1,414
- Apr 22, 2008 5:00am Apr 22, 2008 5:00am
Gonna watch how price reacts to .50 on G/J. I expect some resistance there but I hope I'm dead wrong
Edit: I'm all out, hope you guys had some nice profits too.
great job on those pips i only managed 25 tonight as late home. have to learn to let those winning trades run and not cut them short.
happy pipping guys goodnight from me
joy
- #1,415
- Apr 22, 2008 5:25am Apr 22, 2008 5:25am
- | Joined Oct 2007 | Status: Technical Trader | 765 Posts
Hi there Guy's... Today Gbd/Jpy Seem's to me Bullish at the first & maybe also in 2nd session of the day... But only if it able to break some important level's & manage to breakup in a falling wedge in 30-Minute's chart coz in 4-Hour chart There seem's a reversal hammer
Umair!!!
...Bullish even still in 2nd-session...Umair!!!
- #1,417
- Apr 22, 2008 5:59am Apr 22, 2008 5:59am
- | Joined Oct 2007 | Status: Technical Trader | 765 Posts
Hi all, no trading today, Car problems had to spend a rainy morning at Nissan.
Nice trades this morning on Cable and Geppy. Aediaz1, this is your thread and the theme is perfect perfect for me, the 30 minute works especially well, entry gives enough time to see how it plays out and to get the trade set without having to crash around on lower time frames, although like yesterday it can help. I am familiar with some of the targets on breaks however, still have problems with stops if the trade doesn't move in my direction more or less straight away, I expect a small pull back but with your experience and Umairs is there any further light you can throw on the subject. Closing a trade too soon can also be an issue as targets are not always hit! I look at previous support and resistance points, round numbers and reversal candles. On posting trades I will try and state why I get into a trade and why I get out - targets etc. anything more you guys can add on stops and take profits would be great.
Thanks all for the imput on this great thread.
Paj
...Seem's you miss the great breakout's today specially on E/J , G/J & G/U...
Anyway's if you talk about my strategy that how i trade's then!!!
I first figured out the breakout apportunity on any specific pair on 30-Minutes chart , then i go back to 4-Hour chart & try to find the trend from their through candlestick pattren & Keep an eye on My Well Puted Support & Resistance level's on 4-Hour chart... If any S/R Level's break & also Reversal candle's are in it's favour than i post my perdiction's here like i did yestarday about Gbd/Usd & Today about Gbd/Jpy & Gbd/Usd....
...Now see all perdiction's are well putted...Anyway's if in 4-Hour chart trend is inthe favour of breakout's in 30-Minutes chart then i enter & believe me it's working very well for me...
Being a daytrader my SL is alway's -40 Pip's in all Jpy Related pair's & -30 Pip's in other's & My target profit is alway's +30 Pip's in all my trades...
That's It...
& Y i choose the 30-Minutes tf....? then the answer is that , that i dont enter in a candle which break's the trendline coz sometime's it happened that if i enter in a same then the certain chance is there for pullback also fake breakout's
.... So As soon as candle break's the trendline i wait & see it & enter's in a next one...& About your question about stop's then i think stop must of -50 Pip's on Jpy related pair's as sometime's it happened that even after a valid breakout market go agains't you for -30, -35 or even -40 Pip's but after that retraces back in your favour but i use -40 Pip's reason is experience & reversal candlestick pattren... & If you know it's art than Pip's will alway's locked in your favour!!!
Umair!!!
Umair!!!
- #1,420
- Apr 22, 2008 6:08am Apr 22, 2008 6:08am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
hello aediaz and everyone
great job on those pips i only managed 25 tonight as late home. have to learn to let those winning trades run and not cut them short.
happy pipping guys goodnight from me
joy
To let your profits run you need targets. Without targets its very hard to let profits run.
Like today on G/J we targeted 205.50 based on three things;
- Upper TL on 1h
- Distance between 30m TL (wedge)
- Round number
Price retraced about 60 pips when hitting 205.50.
You will need confidence too. If you are unsure about your target, you will most likely close your profit way too early. Only practice will make you more confidence.
Measure twice, cut once