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SeriousTrading

  • #1
  • First Post: Aug 16, 2009 7:12pm Aug 16, 2009 7:12pm
Trading in most of the major pairs and using technical analysis on 5 minute, 15 minute, 1 hour , 4 hours and daily charts. Market movements determine the parameters of each trade. My trading system is based on a mix of some successful strategies and professional technical analysis. Even though I do take proper care not to let any trade start in red, just be careful. I try for 2 to 3 trades per day, but if the market conditions are really good, I might get more, riding the 5 min swings.

 

  1. On this thread, I will be only posting my analysis and plan of action as I plan each trade.
  2. I will not be posting any indicators or templates here, they already exist on FF posted by me many times, so search for them yourself.
  3. I am removing everyone from my ignore list so you are free to comment anything, there is no room for grudges.

  • #2
  • Aug 16, 2009 7:15pm Aug 16, 2009 7:15pm
looking forward to your analysis. Should be a great thread.
  • #3
  • Aug 16, 2009 7:18pm Aug 16, 2009 7:18pm
Sounds very interesting, I´ll be reading your posts.
Best Regards.

Rod.
  • #4
  • Aug 16, 2009 7:21pm Aug 16, 2009 7:21pm
The weekly GBPJPY as I see it long term

Which suggests we might attempt 150.14
Attached Image (click to enlarge)
Click to Enlarge Name: gj2.gif Size: 15 KB
  • #5
  • Aug 16, 2009 7:24pm Aug 16, 2009 7:24pm
Quoting forexlion
The weekly GBPJPY as I see it long term

Which suggests we might attempt 150.14
So once, we know the general direction, lets move down to intra-day to see what is the game plan here.

 

  1. 1 hour still shows downtrend continuation, with no signs of recovery.

Attached Image (click to enlarge)
Click to Enlarge Name: gj2.gif Size: 17 KB
  • #6
  • Aug 16, 2009 7:28pm Aug 16, 2009 7:28pm
Quoting forexlion
So once, we know the general direction, lets move down to intra-day to see what is the game plan here.

 

  1. 1 hour still shows downtrend continuation, with no signs of recovery.

Good, now lets move down to 1 min charts for the actual swing trades

I trade 1 min to catch the max moves, based entirely off 1 hour swing, so till the time 1 hour does not change direction I know what to do on 1 min charts.
Attached Image (click to enlarge)
Click to Enlarge Name: gj2.gif Size: 15 KB
  • #7
  • Aug 16, 2009 7:31pm Aug 16, 2009 7:31pm
Thanks Bro...
My TP also area that target...
  • #8
  • Aug 16, 2009 7:36pm Aug 16, 2009 7:36pm
Quoting forexlion
The weekly GBPJPY as I see it long term

Which suggests we might attempt 150.14
forgot to add this

150.14 is purely subject to break of 155.35 support zone
Attached Image (click to enlarge)
Click to Enlarge Name: gj2.gif Size: 17 KB
  • #9
  • Aug 16, 2009 7:40pm Aug 16, 2009 7:40pm
[
  • #10
  • Aug 16, 2009 7:44pm Aug 16, 2009 7:44pm
makes me wonder
  • #11
  • Aug 16, 2009 7:48pm Aug 16, 2009 7:48pm
Hi ForexLion,

Which Pairs are you going to analyze?
  • #12
  • Aug 16, 2009 7:49pm Aug 16, 2009 7:49pm
neatly bounced off first support, nice 9 pips collected here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj2.gif Size: 15 KB
Click to Enlarge Name: gj.gif Size: 18 KB
  • #13
  • Aug 16, 2009 7:51pm Aug 16, 2009 7:51pm
Quoting Rednose
Hi ForexLion,

Which Pairs are you going to analyze?
well mostly GBPJPY as my indicator set needs to be changed to trade others, each pair uses a different set.
  • #14
  • Aug 16, 2009 7:51pm Aug 16, 2009 7:51pm
I think she`s going down. Don`t like trading this time of night. However that being said there was just a nice 30-40 pip trade. Maybe I`ll get the
next one.
  • #15
  • Aug 16, 2009 7:52pm Aug 16, 2009 7:52pm
Quoting forexlion
well mostly GBPJPY as my indicator set needs to be changed to trade others, each pair uses a different set.

Thank you very much. I´m following.

Do you use Fibs and Pivots?
  • #16
  • Aug 16, 2009 7:54pm Aug 16, 2009 7:54pm
Quoting Rednose
Thank you very much. I´m following.

Do you use Fibs and Pivots?
only fibs, nothing else works so neatly
  • #17
  • Aug 16, 2009 7:56pm Aug 16, 2009 7:56pm
Lion

Thanks buddy for starting this thread, it would be greatly greatly appreciated if you could add indicators you are using or else we newbies will be wasting hell of a time in the search,,

It would be of great help to the newbies like me....

LETS MAKE THIS THREAD A GREAT SUCCESS
Thanks
  • #18
  • Aug 16, 2009 7:57pm Aug 16, 2009 7:57pm
Quoting forexlion
only fibs, nothing else works so neatly
Ok.That´s nice.

  • #19
  • Aug 16, 2009 7:58pm Aug 16, 2009 7:58pm
Quoting forexlion
So once, we know the general direction, lets move down to intra-day to see what is the game plan here.

 

  1. 1 hour still shows downtrend continuation, with no signs of recovery.

as long as 1 hour is down, i am just selling tops, long trade is dangerous

unless it is near some major support area like 155.35 for starters
  • #20
  • Aug 16, 2009 8:00pm Aug 16, 2009 8:00pm
Forexlion,
I am a new member and was wondering if you or anybody could guide me to the explanation of your system, meaning the posts in which it was originally posted.
I'm sure that someone more handy than me with computers could find them since you say they are there somewhere, but I don't know how.

Thanks in advance for the help.

Franco
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