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Simple EMA/Trendlines Strategy

  • #81
  • Feb 12, 2009 4:18pm Feb 12, 2009 4:18pm
ok very quik trade opportunity short for gold @ 941.85 ...

REMEBER we are against the major trend so we are looking for trades with a short range

TP @ 936.00
SL @ 948.80
  • #82
  • Feb 12, 2009 4:22pm Feb 12, 2009 4:22pm
like i said stay on top and wait out is a quick trade around 600pips keep your stops tight and wait to manually booked the TP

see chart
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  • #83
  • Feb 12, 2009 6:30pm Feb 12, 2009 6:30pm
that is a great presentation about price action....

take look at it....it is very informative and very simple explained

Inserted Video
  • #84
  • Feb 12, 2009 8:59pm Feb 12, 2009 8:59pm
Quoting JK$$$
update:Xau/Usd : the first order has been manually closed by my trading Partner and he open another long @ 947.80 ....

now the scenario on this one is in case it completes the anticipated move to book the rest of the profits and (we already closed the 1st order with some profits) for the 2nd order we will risk what we made from the 1st order ....

[font=Fixedsys]so basically we taking the risk to either the 2nd order give us the rest of the anticipating profits or to break...

I wonder if you would mind elaborating on the rational for manually closing the first trade. Was it the doji?

Thanks
  • #85
  • Feb 12, 2009 9:32pm Feb 12, 2009 9:32pm
to be honest i didnt close that trade my partner did i just show the report this afternoon, but the way i see it.... the reason he manually closed that trade is that if you draw a line from jun 30, jul 01 -03, jul 09, jul17, jul22 on the daily chart you will notice a strong resistance so that automatically makes it a resistance pivot point.... so the plan was since this trade is profitable ....he closed it when he notice a little resistance with profit, and he risked it by opening another trade with less units so if that resistance holds he will have just break even if that resistance break you will still have a profitable trade and hit the original Target ....

i am sorry i dont know if that makes sense....my english arent my best weapon lol ...

if you cant figuer out what i said let me know i will try to put it in a chart maybe it will be better than my english lol
  • #86
  • Feb 12, 2009 10:00pm Feb 12, 2009 10:00pm
Update for XAU/USD: order still open holding my SL and Targets as i posted earlier
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  • #87
  • Feb 12, 2009 10:38pm Feb 12, 2009 10:38pm
Quoting JK$$$
[font=Fixedsys]to be honest i didnt close that trade my partner did i just show the report this afternoon, but the way i see it.... the reason he manually closed that trade is that if you draw a line from jun 30, jul 01 -03, jul 09, jul17, jul22 on the daily chart you will notice a strong resistance so that automatically makes it a resistance pivot point.... so the plan was since this trade is profitable ....he closed it when he notice a little resistance with profit, and he risked it by opening another trade with less units so if that resistance...
I see exactly what you mean. Thank you.
  • #88
  • Feb 13, 2009 12:54am Feb 13, 2009 12:54am
update XAU/USD: order still open running towards our target 936.00
  • #89
  • Feb 13, 2009 1:38am Feb 13, 2009 1:38am
Update XAU/USD : Target has been hit 936.00 to the pip!!!

this is my last post for tonite shift changing time to hit the sack!!

from Monday i will be doing the NY session!!
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  • #90
  • Feb 13, 2009 1:49am Feb 13, 2009 1:49am
last post so i can keep you thinking a little check the 1hr chart of EUR/USD

draw your lines study the daily and try to find out whats in the makings!!!

and tomorrow who ever feels to post his or her study please feel free to do it

G nite all !!
  • #91
  • Feb 13, 2009 4:27am Feb 13, 2009 4:27am
Quoting JK$$$
[font=Fixedsys]hi uz1kid and welcome to the thread!

well your question doesn't really have a straight answer, because some times i will open a trade when is just penetrating one of my lines and some times i will wait for the next candale to open, and the reason is that i follow the major trend form daily when i have clear picture fro the daily that it will make a strong move i will not hesitate to open an order little early if i m having a little doubt about the trend i will wait for the next or maybe some more confirmations to open the trade...

i...
JK$$$, thank you for your answer. I've got your point. And you folow the major trend is because for safety reason.
So, your position often on floating position, but of course, floating on the short time only. If market move against your position and you're late to recognize it, when will you close that position? Do you have any limit for that or you just trust your stop loss to close your trade?
  • #92
  • Feb 14, 2009 10:28am Feb 14, 2009 10:28am
Quoting uz1kid
JK$$$, thank you for your answer. I've got your point. And you folow the major trend is because for safety reason.
So, your position often on floating position, but of course, floating on the short time only. If market move against your position and you're late to recognize it, when will you close that position? Do you have any limit for that or you just trust your stop loss to close your trade?

UZ1KID what do you mean by floating position?

if the market trick me which happens sometimes i have my stops carefully placed to protect my investment .. i can not predict the future 100% im not god ...i just take high probability trades based on the trend....

losses are part of trading the trick is to be able to trade the markets successfully so your wins will be greater than your losses ....

  • #93
  • Feb 18, 2009 4:24am Feb 18, 2009 4:24am
Quoting JK$$$
UZ1KID what do you mean by floating position?

if the market trick me which happens sometimes i have my stops carefully placed to protect my investment .. i can not predict the future 100% im not god ...i just take high probability trades based on the trend....

losses are part of trading the trick is to be able to trade the markets successfully so your wins will be greater than your losses ....

What I mean with floating position is, that your position not yet close neither by your target nor your stop loss for a few time (few hours or few days).

By the way, thank you for your answer and to remind me that this is a game of probability.

I agree with you that profit or loss is the part of this game.
So, please don't stop posting your thread. I still want to read a lot from your thread.
  • #94
  • Feb 18, 2009 4:32am Feb 18, 2009 4:32am
Hi. I have just discovered your thread. I must say excellent.
This is exactly the way I trade (using the same provider). I use the 3H and GU. Might post some charts. But this is excellent I tell you. The main trick is to be patient and to wait for the next setup.
.
  • #95
  • Feb 24, 2009 10:53pm Feb 24, 2009 10:53pm
sorry i havent be able to post charts the past few weeks, but we have make some changes and we have to trade from the office now on!!!

anyways very quick trade

XAU USD short @ 957.87 target 945.60 and SL971.79
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  • #96
  • Feb 24, 2009 10:55pm Feb 24, 2009 10:55pm
Quoting bullrock
Hi. I have just discovered your thread. I must say excellent.
This is exactly the way I trade (using the same provider). I use the 3H and GU. Might post some charts. But this is excellent I tell you. The main trick is to be patient and to wait for the next setup.

thanks Bullrock

feel free to post your charts along with your analisys!!
  • #97
  • Feb 24, 2009 10:58pm Feb 24, 2009 10:58pm
Quoting uz1kid
What I mean with floating position is, that your position not yet close neither by your target nor your stop loss for a few time (few hours or few days).

By the way, thank you for your answer and to remind me that this is a game of probability.

I agree with you that profit or loss is the part of this game.
So, please don't stop posting your thread. I still want to read a lot from your thread.
i will try, but now is kind of hard i dont trade from home anymore so its kind of hard to post charts very often!!!
  • #98
  • Feb 25, 2009 12:59am Feb 25, 2009 12:59am
hi,
good system.
  • #99
  • Feb 25, 2009 1:18am Feb 25, 2009 1:18am
last post for tonite

update for XAU/USD
note: (i know that i posted a 15min chart earlier, but is the same thing with the 1hr the order was open with the 1hr as i always do just happened to press print screen when i was looking at the 15min )
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  • #100
  • Feb 25, 2009 1:19am Feb 25, 2009 1:19am
Quoting arianptc01
hi,
good system.

thank you mate!!!
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