TT5 NZD/USD Long @ 0.7448
Target 50 pips at 0.7498
Target 50 pips at 0.7498
Attached Image (click to enlarge)
- #1,101
- Jul 23, 2008 7:29pm Jul 23, 2008 7:29pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,102
- Jul 23, 2008 8:20pm Jul 23, 2008 8:20pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
YA.. I forgot to say.. you got to put the 5 ema in there too...
- #1,104
- Edited 9:08am Jul 24, 2008 8:53am | Edited 9:08am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,105
- Edited 5:28pm Jul 24, 2008 4:50pm | Edited 5:28pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,106
- Jul 29, 2008 4:59pm Jul 29, 2008 4:59pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,107
- Jul 29, 2008 5:43pm Jul 29, 2008 5:43pm
Tiki,
In hindsight (great thing) with a market like N/U, would you better increasing your position and having a shorter TP - say 30? the average daily range for N/U is approx 70 so a retrace of 50 is about 75%
I have been adjusting the indicator using the average daily range (ADR) for each pair and setting ADR figure for closest band, doubling it for 2nd and trebling for 3rd, look for entries around the 2nd/3rd and setting targets less than half the ADR - not that you aren’t doing ok anyway, just my take on it.
BTW thanks for sharing this system - it appeals to my Psyche and seems to work well so far...
Cheers
Red
In hindsight (great thing) with a market like N/U, would you better increasing your position and having a shorter TP - say 30? the average daily range for N/U is approx 70 so a retrace of 50 is about 75%
I have been adjusting the indicator using the average daily range (ADR) for each pair and setting ADR figure for closest band, doubling it for 2nd and trebling for 3rd, look for entries around the 2nd/3rd and setting targets less than half the ADR - not that you aren’t doing ok anyway, just my take on it.
BTW thanks for sharing this system - it appeals to my Psyche and seems to work well so far...
Cheers
Red
The long trade TT5 NZD/USD from post 1101...
I finally got tired of it.... revised my target down... price came so close to hitting... then dropped....
I got out at 7396...
Loss of 52 pips... loss 1% of my account... CAN'T win 'em all I guess... !!!
- #1,108
- Jul 29, 2008 6:05pm Jul 29, 2008 6:05pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
Yes you are quite right..... though also I think the jig was up once price hit the 5 ema.... then it was free to go ahead and do whatever it wanted.... which is this case I think is go down.... I had this trade on for three days... after a day... this was no longer a TT5 trade.... but just an open trade....
Oh.. I am more lazy than you.... to do all that work with ADR etc..... I don't like NZD much anyways....
I think you are right though with all you say.. !!
Oh.. I am more lazy than you.... to do all that work with ADR etc..... I don't like NZD much anyways....
I think you are right though with all you say.. !!
Tiki,
In hindsight (great thing) with a market like N/U, would you better increasing your position and having a shorter TP - say 30? the average daily range for N/U is approx 70 so a retrace of 50 is about 75%
I have been adjusting the indicator using the average daily range (ADR) for each pair and setting ADR figure for closest band, doubling it for 2nd and trebling for 3rd, look for entries around the 2nd/3rd and setting targets less than half the ADR - not that you aren’t doing ok anyway, just my take on it.
BTW thanks for sharing this system - it appeals to my Psyche and seems to work well so far...
Cheers
Red
- #1,110
- Jul 29, 2008 10:31pm Jul 29, 2008 10:31pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,111
- Jul 30, 2008 7:48am Jul 30, 2008 7:48am
- | Joined Jun 2007 | Status: Trader | 1,021 Posts
No... ! plus 17 %..... 27 % comes next month !!!!
- #1,113
- Edited 5:16pm Jul 30, 2008 5:02pm | Edited 5:16pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,114
- Jul 30, 2008 5:09pm Jul 30, 2008 5:09pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,115
- Jul 30, 2008 5:12pm Jul 30, 2008 5:12pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,116
- Jul 30, 2008 5:16pm Jul 30, 2008 5:16pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,117
- Edited 5:31pm Jul 30, 2008 5:20pm | Edited 5:31pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #1,118
- Jul 30, 2008 6:51pm Jul 30, 2008 6:51pm
- | Joined Jun 2007 | Status: Trader | 1,021 Posts
many thanks for reply.
- #1,120
- Jul 31, 2008 7:06am Jul 31, 2008 7:06am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
