777's trades

I make trades only based on my finding I am not trading like majority. I use my big figure strategy on GBP/USD and 5min candle strategy. Also I use Jim's pin bar strategy (by the way Jim tell me that he is not trading like many traders do). Despite this I do not refuse to use classical indicators and chart patterns.

Today I did not have trade so I will begin to post my trades on Monday.

thanks
777

That is so great. Looking forward to that. Will you post trades as you take them or only end of day?

haha!! i was hoping you'd start a journal man!

ive seen some pretty good calls out of you on this forum, hoping to see some more

Thanks all,

I wll try to post my trades immediatelly If I can or at the end of day.
Look at GBP/USD if it opens around 1.7650 be sure that I placed OCO order at 1.7703 and at 1.7599

Guys I belive that there exist "magic points" on daily charts (I am calling this points the very points from where price goes up and down depending past trend).
I want to find them, I belive they are somewhere.
In forex I believe that statistic is more reliable indicator then Stoch, pin (pin may be considered as statistic too) or something else.

Entered long at 1.7703 withought stop loss
took profit at Pivot R2.

Good one 777.

Please try to put in a stop, even if it's 100 pips. You never know when siht will happen.

Happy trading
Habeeb

Yes quite right, but this strategy is only one when I very rarely use stops. It was excelent condition. GBP/USD opened at 1.7690 went down but could not get momentum rallied fast (remembered Bernake was dovish guy ) break big figure and my order at 1.7703.

I have read that the worst thing is when you will not use stop but do you know what? You are winning two, three, four times. I read that this was worse than when you will not use stop just for one trade and you lose.
But this strategy gives me pips man
I think I will use stops but about 50-60 pips.
big figures are like magnets

Entered short at 1.7803. 1) break of pivot and 49 EMA, 2) MACD crossed 0 line on an hourly with creating divergence before. 3) good GDP and deflator numbers. Still running open position. Currently 68 pip profit. i think on monday it will reach 1.7650 (daily trend was killed in embryon and my finding shows second daily candle is bearish one). Besides there is wedge.
I place stop at BE in any case.

Entered long at 1.1702 yesterday could not wait. There was clear pin on daily. It reached bollinger band and retraced.

reasons for long position: Divergence corner of Stoch is more than 45*. And fast stoch diverges from slow and trying to cross it (note that I did not wait stoch signal formation. really I hurried). I was 15 pip up even yesterday but GDP numbers and bad numbers for CAD really played big part. morning was so illiqude I was thinking of position liquidation But I decided to wait untill GDP numbers.

I think on monday we will have additional rally.

P.S.
I have profit in most currency pairs. Today I entered at EUR/GBP something like reversal pattern on daily.
I have losing trade at EUR/JPY. but profits are more I heard FED commented Yuan revaluation and EUR/JPY finally collapsed. I will wait until PBOC really revaluate Yuan.

Great trades 777. Cable's move I was anticipating too. Did you use your big-figure strategy to enter your long on usdcad? Could you maybe post the time you entered your trade too. Will make it a bit easier for us that are following.

Thanx
Habeeb

I only use big figure strategy on cable. As for USD/cad frankly speaking i did not wait pin bar formation I entered thursday evening before NY close. then it rallied by 15 pips before day close. then it retraced but my stop was 10 pip down from friday's minimum. then it rallied again and after GDP numbers accelerated.

I think i will not liquidate position until canada's GDP on monday. Will look at US consumer spending very carefully. I have short position in GBP/USD will look at UK numbers but I do not expect big reactions on this number. traders eye will focus on US consumer spending (consesus 0.5% if it is more than expected the FED will continue aggresive hawkish policy. i will not be surprized if FED hikes by 0.5% in future based on US consumers spending). So next week is fundamentally motivated trading.

I covered my cable position with 50 pips and USD/CAD with 67 pips. EUR/GBP with 15 pips.

I could get much more but I have read in a book about psychology "if your plan is done so relax and do not think what you could have done if you had not liquidate your positions. So I am not happy but not feeling bad.

How can I do that? I make screen shots and if pic's size is more than 600X600 pixels it does not allow me to post chart. I think it will be good if I zoom only the arae where I entered trade.

On MetaTrader4, under the "file" menu, choose "Save As Picture", then choose the "600x600" option.

thanks for advice

Entered short at 0.6795 took profit befor ECB announcement at 0.6781. 14 pips - 24pips in dollar value.

reasons: after false break of pivot price broke dowside, broke 21 EMA, T.O.P.S indicator showed sell too (thanks to author of TOPS), macd could not intersect 0 line

Pyramiding would have been good today with my trade but did not wait until ECB announcement

Entered at the break of 50 fib. My stop was 25 pips. Price retraced but did not hit the stop (If it was Cable may be it would hit it )I am 20 pips up.

I am going to make this trade long-term one. Weekly price broke 89 EMA, 50 fib is broken, week closes below this important levels.

I had one bad trade with EUR/JPY. Entered at day open (it was dbhlc) and my stop was triggered later (-35 pips).

Was deadly stopped out

Never had such dissapointment. It triggered my stop and then collapsed by 60 pips.