1 trade so far today.
Anytime price makes a clear break of the 21EMA, price is likely to go further that direction.
Anytime price makes a clear break of the 21EMA, price is likely to go further that direction.
Attached Image (click to enlarge)
- #1,403
- Oct 8, 2009 7:45am Oct 8, 2009 7:45am
- Joined Jul 2007 | Status: Screw Long Term 5min For Life! | 1,259 Posts
Took the same as everyone else on the eur/usd. I got 20 out of it though for 8 risk 
Also to the poster asking how to get more then 10 pips? Look at the chart and look at resistance.... It the big sideways movement
Also to the poster asking how to get more then 10 pips? Look at the chart and look at resistance.... It the big sideways movement 
Keep taking CT trades, I need more money 
- #1,409
- Oct 8, 2009 8:20am Oct 8, 2009 8:20am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Hi guys,.... let me know what you think.
Thanks
in behalf of all here, Welcome!
- #1,410
- Oct 8, 2009 8:21am Oct 8, 2009 8:21am
- Joined Jul 2007 | Status: Screw Long Term 5min For Life! | 1,259 Posts
Nice trade, although not the 'standard' indicators in this thread.
in behalf of all here, Welcome!
So true, that trade was not a easy trade we had a lots of resistance above it and it could of just went down 10 more bars, only reason I got it was due to the Pinbar, if it was just a plan div play I would of passed.
Keep taking CT trades, I need more money
It's not about trade. It's about trader.
Same trade and million ways how to trade it.
Somebody don't trade, somebody get 0 from it, ... +10 for another and +100 for next trader...even -20 for somebody..
But anyway... there was downtrend, if you have div and pin, you can trade against the trend..
( if you know, what you are doing)
Same trade and million ways how to trade it.
Somebody don't trade, somebody get 0 from it, ... +10 for another and +100 for next trader...even -20 for somebody..
But anyway... there was downtrend, if you have div and pin, you can trade against the trend..
( if you know, what you are doing)
jankone, no offense. i see the downtrend you referring to. but i took this as a 'bb flat/range' trade. i guess different eyes see different things.
- #1,413
- Oct 8, 2009 10:22am Oct 8, 2009 10:22am
G/U 5min with trend pin. Nice 45 degree angle 21ema. Didn't get a chance to get into this but probably would have. What I didn't see in time was that price has retraced to the big daily resistance line where obvious short orders are stacked up. Does everyone pay attention to higher time S/R areas, or only the big ones like the daily?
Anything else telling me to stay out of this one?
Anything else telling me to stay out of this one?
- #1,414
- Oct 8, 2009 10:43am Oct 8, 2009 10:43am
- Joined Jul 2007 | Status: Screw Long Term 5min For Life! | 1,259 Posts
Keep taking CT trades, I need more money
- #1,415
- Oct 8, 2009 10:48am Oct 8, 2009 10:48am
- Joined Jul 2007 | Status: Screw Long Term 5min For Life! | 1,259 Posts
G/U 5min with trend pin. Nice 45 degree angle 21ema. Didn't get a chance to get into this but probably would have. What I didn't see in time was that price has retraced to the big daily resistance line where obvious short orders are stacked up. Does everyone pay attention to higher time S/R areas, or only the big ones like the daily?
Anything else telling me to stay out of this one?
Attachment
I would of been in the short 5 bars before that. You just have to put in time to see what works and what does not. Someone telling you what to do will not make you better. Put in a few 100 hours of work to start and look at the charts in your free time. If you can not do that or don't have the time stop trying to trade and work on getting a better job or something. I am not trying to be a ass here but it's no magic on this stuff it just takes time, can someone teach you how to paint from reading posts of a chat room? To trade is like painting to me, it takes time to learn how the flow goes and only 1 out of 10,000 will make it. I made it because I busted my ass and gave up everything to make it happen, 9,999 people will not do that because they are lazy or will make up some bullshit about how they don't have time or this and that but that's fine because people have to lose or I would not make money. Just remember this, every time you take a trade you have someone like me working hard to take your money.
Keep taking CT trades, I need more money
- #1,419
- Oct 8, 2009 11:14am Oct 8, 2009 11:14am
The fact that I don't trade after the London session is the simple reason I didn't even consider it.
I always scan through the timeframes 5min-daily in search for s/r. Earlier in the day I had already noticed and marked the daily resistance on gbp/usd.
And as you can see prior to the pinbar, price got rejected from the daily resistance. So it would not be wise to trade this pinbar into the daily resistance, despite how nice it looks.
- #1,420
- Edited 12:01pm Oct 8, 2009 11:14am | Edited 12:01pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
G/U 5min with trend pin. Nice 45 degree angle 21ema. Didn't get a chance to get into this but probably would have. What I didn't see in time was that price has retraced to the big daily resistance line where obvious short orders are stacked up. Does everyone pay attention to higher time S/R areas, or only the big ones like the daily?
Anything else telling me to stay out of this one?
Attachment
(Clue - elasticity)
I follow Ryans advice re looking and annotating lots of charts. Try covering up charts and working(uncovering) one bar at a time and decide if you would trade that bar. Then check your results. Not high tech. I know but it gets you thinking.
every Saint has a past. Every Sinner has a Future