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Attachments: GBP/JPY London Open trades
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GBP/JPY London Open trades

  • #161
  • Mar 12, 2009 3:52am Mar 12, 2009 3:52am
50+ London trade time 19 min.
short entry 132.72 exit 132.22
Discipline will take you where luck can't.
  • #162
  • Mar 12, 2009 3:56am Mar 12, 2009 3:56am
Quoting FOURX
hi ccolb.

going by your time in ntrade you took the trade before London open?

Thanks

hi Fourx,

7:30am GMT
Discipline will take you where luck can't.
  • #163
  • Mar 12, 2009 3:58am Mar 12, 2009 3:58am
hi ccolb,

it looks like you've crammed 72 minutes into Londons first hour?
  • #164
  • Mar 12, 2009 4:00am Mar 12, 2009 4:00am
Quoting ccolb77
hi Fourx,

7:30am GMT
ok then , so the trades you take are not to do with the London open?
  • #165
  • Edited 5:09am Mar 12, 2009 5:01am | Edited 5:09am
Quoting FOURX
ok then , so the trades you take are not to do with the London open?
technically no but i get the best trades within an hour or so of London opening
and it works for me. technically i will take a trade any time i see the opportunity
to take one profitably. there is no way to change the title of the thread as i've
already tried that.
Discipline will take you where luck can't.
  • #166
  • Mar 12, 2009 11:01am Mar 12, 2009 11:01am
Hello! it's been a couple of days since I last visited your thread, had been busy with that descending channel.


Let me sing you a little song...hmmmmm (clearing my throat)...."please don't go.....don't gooooooo!...there's something I need you to know....please don't go".... (there's nothing I need you to know, but that's the way the song goes).

If you leave, who's going to slap me in the face? (by the way, I need one right now, I just lost 120 pips doing some old fashioned revenge trading....sometimes it sucks that the market is always right...lol)
On a journey to consistency.
  • #167
  • Mar 12, 2009 11:34am Mar 12, 2009 11:34am
Quoting Tataocb
Hello! it's been a couple of days since I last visited your thread, had been busy with that descending channel.


Let me sing you a little song...hmmmmm (clearing my throat)...."please don't go.....don't gooooooo!...there's something I need you to know....please don't go".... (there's nothing I need you to know, but that's the way the song goes).

If you leave, who's going to slap me in the face? (by the way, I need one right now, I just lost 120 pips doing some old fashioned revenge trading....sometimes it sucks that the market is always...

You are too funny !!! Thanks for making me smile and laugh today. I will stay. My private blog is pretty boring anyway because it's more for keeping records. I missed the U.S. long break at 134.09. The momentum was good on that one too....I lost my internet connection around that time and am just getting back up. Once I move to Texas I'll get T1.

Oh btw, here's a little something for you . Stick to your trading plan !!
Discipline will take you where luck can't.
  • #168
  • Mar 12, 2009 12:12pm Mar 12, 2009 12:12pm
I'm using a down trend line right now. I missed the 134.09 long break. At this point I will not take any more longs unless the candles close outside of the trend line.

http://i43.tinypic.com/2i1nsdt.jpg
Discipline will take you where luck can't.
  • #169
  • Mar 12, 2009 12:47pm Mar 12, 2009 12:47pm
....I find it better to laugh at my mistakes (and learn from them of course) than to beat myself up as I used to do a couple of weeks ago.

I think I'm trying to mix up too many components. I didn't use the breakout strategy because I drew up a channel which had held for about 2-3 days. Too much information can end up confusing you rather than helping you.

But the beauty of this market is that it's filled with opportunities to come. So sure I had a bad day today, but more opportunities will come tomorrow and next week to hopefully win some beautiful pips. What I need is some ninja style discipline. Maybe I should get into martial arts to help me develop it.

Im glad to make you laugh.
On a journey to consistency.
  • #170
  • Mar 13, 2009 3:32am Mar 13, 2009 3:32am
50+ London trade time 14 min.
long entry 136.59 exit 137.10
Discipline will take you where luck can't.
  • #171
  • Mar 13, 2009 4:31am Mar 13, 2009 4:31am
Hey Ciara that was a nice quick trade, good on you :-) I like your system and thanks for showing it to us.

As you mentioned before about maybe wanting to hold trades for more pips, have you thought or looked into, holding say part of your position longer if both the GBP/USD and USD/JPY are moving with GBP/JPY ?

Dean.
perception is reality
  • #172
  • Mar 13, 2009 5:41am Mar 13, 2009 5:41am
Quoting ccolb77
I'm using a down trend line right now. I missed the 134.09 long break. At this point I will not take any more longs unless the candles close outside of the trend line.

http://i43.tinypic.com/2i1nsdt.jpg
Hi Ciara,

you stated you will not take longs till after close outside trendline?

Had you had a close outside?

Thanks
  • #173
  • Edited 3:24am Mar 16, 2009 3:16am | Edited 3:24am
50+ London trade time 29 min.
long entry 138.40 exit 138.92
Discipline will take you where luck can't.
  • #174
  • Mar 16, 2009 3:22am Mar 16, 2009 3:22am
Quoting deanz
Hey Ciara that was a nice quick trade, good on you :-) I like your system and thanks for showing it to us.

As you mentioned before about maybe wanting to hold trades for more pips, have you thought or looked into, holding say part of your position longer if both the GBP/USD and USD/JPY are moving with GBP/JPY ?

Dean.
Thanks. Yes I am still testing certain patterns to see what the average amount of movement is on the breakout. I will hold these positions for 100 pips depending on the price action. A while ago I used to watch GBP/USD, GBP/CHF and USD/JPY but now I focus solely on G/J.
Discipline will take you where luck can't.
  • #175
  • Mar 16, 2009 3:23am Mar 16, 2009 3:23am
Quoting FOURX
Hi Ciara,

you stated you will not take longs till after close outside trendline?

Had you had a close outside?

Thanks
Yes. When I posted the screen capture I was referring to a close of the 1 hour candle outside the trend line.
Discipline will take you where luck can't.
  • #176
  • Mar 16, 2009 10:10am Mar 16, 2009 10:10am
Quoting ccolb77
50+ London trade time 29 min.
long entry 138.40 exit 138.92
My question about today's trade, is ..did you enter on just the momentum being bullish, at the London open?
I looked at the chart and if I see it right there was not a 100 pip retracement from the past several hours... Just getting a little confused on the entries.
  • #177
  • Mar 16, 2009 10:56am Mar 16, 2009 10:56am
Quoting jimbo61
My question about today's trade, is ..did you enter on just the momentum being bullish, at the London open?
I looked at the chart and if I see it right there was not a 100 pip retracement from the past several hours... Just getting a little confused on the entries.
On March 13th you will see the highest point of 138.39 followed by a lowest point of 135.96. This made a good long trade opportunity since it retraced over 100 pips past 138.39 from the lowest point.
Discipline will take you where luck can't.
  • #178
  • Mar 16, 2009 11:42am Mar 16, 2009 11:42am
Quoting ccolb77
On March 13th you will see the highest point of 138.39 followed by a lowest point of 135.96. This made a good long trade opportunity since it retraced over 100 pips past 138.39 from the lowest point.
Thanks. I am understanding this a little better now.
  • #179
  • Mar 16, 2009 2:12pm Mar 16, 2009 2:12pm
Quoting jimbo61
Thanks. I am understanding this a little better now.
You are welcome. It's really difficult explaining how I trade because it's not as black & white like indicator based systems. Some things I see and just know from experience but haven't found a way to translate that knowlegde into words.
Discipline will take you where luck can't.
  • #180
  • Mar 20, 2009 6:07am Mar 20, 2009 6:07am
I'm ending the work day early. Only one trade this week but that's okay. Sometimes it happens like that especially when it ranges most of the week. I have 138.00 for long entry but I'm not going to take it. I'm just not sure about it since we had alot of ranging the last several hours. I'll wait for more normalcy to return to the market before I take anymore trades.

TGIF
Discipline will take you where luck can't.
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