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Trend Trading Chart Thread

  • #901
  • Feb 16, 2010 6:38am Feb 16, 2010 6:38am
a chart
Attached Image (click to enlarge)
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  • #902
  • Feb 16, 2010 7:55am Feb 16, 2010 7:55am
zoli I normally move SL to BE if next major support or rezistance is hit. In case of kiwi I hade major support at 6900 so I moved SL to BE at the time. I was 100 pips in profit and was stopped out this morning but I wouldn't risk more.
  • #903
  • Feb 16, 2010 8:25am Feb 16, 2010 8:25am
Quoting alter
zoli I normally move SL to BE if next major support or rezistance is hit. In case of kiwi I hade major support at 6900 so I moved SL to BE at the time. I was 100 pips in profit and was stopped out this morning but I wouldn't risk more.
Yeah... Congratulation for the BE trade! That is a winner IMO.
I am looking at it and feel rather short but do not do a thing below 7120.
Kind Regards zol
  • #904
  • Feb 17, 2010 10:44am Feb 17, 2010 10:44am
wonder if anyone managed to get into the sell? i missed this totally.i mean today's fall
  • #905
  • Feb 17, 2010 10:49am Feb 17, 2010 10:49am
an AH put me back in. We'll see what happens
  • #906
  • Feb 17, 2010 12:01pm Feb 17, 2010 12:01pm
I managed to get short the eur/usd @ 1.3767.... and in long on the usd/chf @1.0663.
hopefully this will have some legs and go for a few days or longer.
  • #907
  • Feb 17, 2010 1:42pm Feb 17, 2010 1:42pm
Quoting coolshades
wonder if anyone managed to get into the sell? i missed this totally.i mean today's fall
Yeah CS,

I feel like an idiot. This is a set up what I told myself to take by all means. Established down trend, touch of trend line, 50% retracement.....

Missid it.


Attached Image (click to enlarge)
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Kind Regards zol
  • #908
  • Feb 17, 2010 1:58pm Feb 17, 2010 1:58pm
Gents,

point of interest for some of you. Let us see ho it reacts to these levels.

Attached Image (click to enlarge)
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Kind Regards zol
  • #909
  • Feb 17, 2010 3:24pm Feb 17, 2010 3:24pm
Quoting coolshades
wonder if anyone managed to get into the sell? i missed this totally.i mean today's fall
Hi Coolshades,

I was lucky enough to get in on the sell at 1.3750 - it was a perfect bounce off the 50% level!

My GBP/USD sell finally got triggered at 1.5800 too.

USD/CHF also set up for a long trade today - 1.0650 was the entry but I missed it as both of my other trades were open to loss at that time.

Regards,


Dan
  • #910
  • Feb 18, 2010 1:23am Feb 18, 2010 1:23am
Quoting DanUK
Hi Coolshades,

I was lucky enough to get in on the sell at 1.3750 - it was a perfect bounce off the 50% level!

My GBP/USD sell finally got triggered at 1.5800 too.

USD/CHF also set up for a long trade today - 1.0650 was the entry but I missed it as both of my other trades were open to loss at that time.

Regards,


Dan
Caongrat Dan!

Do I understand right that you do not enter a third trade unless existing trades are BE at minimum?
In other words, do you limit your risk further by not having more than 2 potential SL hits at a time? If so, I assume you may have even 6 trades going if minimum 4 are at BE or better - is this correct?

Thanks
Kind Regards zol
  • #911
  • Feb 18, 2010 2:15am Feb 18, 2010 2:15am
Quoting zoli
Caongrat Dan!

Do I understand right that you do not enter a third trade unless existing trades are BE at minimum?
In other words, do you limit your risk further by not having more than 2 potential SL hits at a time? If so, I assume you may have even 6 trades going if minimum 4 are at BE or better - is this correct?

Thanks
Hi Zol,

Yes that's the ideal situation. There are some cases in which I would open additional trades if the setup warrants it (i.e. A+++ setup - confluence of factors, confirming price action etc).

Regards,

Dan
  • #912
  • Feb 19, 2010 1:29am Feb 19, 2010 1:29am
why o why did i miss these trades when i knew at what level i wanted to take them
  • #913
  • Feb 19, 2010 1:43am Feb 19, 2010 1:43am
Quoting coolshades
why o why did i miss these trades when i knew at what level i wanted to take them


Never worry CS. I missed them too but kept saying myself no problem. If you look at the charts it turned out that there were 2000000 missed trades from last month. We will get there!
Kind Regards zol
  • #914
  • Feb 19, 2010 10:14am Feb 19, 2010 10:14am
Quoting coolshades
why o why did i miss these trades when i knew at what level i wanted to take them
Hi Coolshades,

Were you thinking AU 0.8900 and UCAD 1.0500? If so, you can at least take comfort in the fact that you are picking good levels! Now you just have to build confidence in the method by sticking with it. Perseverance and patience is the key here. If you can persevere with it I am confident that you will trade well!

Regards,

Dan
  • #915
  • Feb 19, 2010 11:10am Feb 19, 2010 11:10am
hi Dan,

was actually looking to sell audusd at .9 and buy usdcad at 1.04! audusd my plan was to sell at .9 since price had stalled at that area which also happened to be confluence with a downtrend, and move price to be as soon as it hit lower trend line.

in any case i am in with buy at .89 ish now.

Quoting DanUK
Hi Coolshades,

Were you thinking AU 0.8900 and UCAD 1.0500? If so, you can at least take comfort in the fact that you are picking good levels! Now you just have to build confidence in the method by sticking with it. Perseverance and patience is the key here. If you can persevere with it I am confident that you will trade well!

Regards,

Dan
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  • #916
  • Feb 19, 2010 11:30am Feb 19, 2010 11:30am
Got ya!

Not quite in my comfort zone for trades but to each his own!
  • #917
  • Feb 21, 2010 12:30pm Feb 21, 2010 12:30pm
Am new to this thread and still reading the posts...i noticed the EURNOK....any comments....Daily is DT and zooming to the 4-hr we had price just move from the 50%Fibs....any comments.....Cheers
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  • #918
  • Feb 21, 2010 1:59pm Feb 21, 2010 1:59pm
Quoting traderathome
Attached are TzPivotsMW_v3.5 and TzPivotsD_v3.5 and the summary of changes is as follows:

TzPivotsMW_v3.5 -

1) In forex mode you can now display either the 4 or 5 digit format. If your platform is 4 digit and you choose the 5 digit format, a "0" is added to the displayed numbers. If your platform is 5 digit and you choose the 4 digit format, numbers are rounded off to 4 digits. This is was the only format previously available. Now you can display 5 digits on a 5 digit platform.

2) You now have the option to not display the line label for...


These are floor trader pivots or something else?
  • #919
  • Feb 21, 2010 2:10pm Feb 21, 2010 2:10pm
Quoting DanUK


These are floor trader pivots or something else?
The indicators provide normal pivots (based upon previous period candle) using either the Daily or the Fibonacci formulas. They allow time shifting to enable the pivot calculations to be based upon a previous candle that starts per a different time zone than your platrform server starts with.
  • #920
  • Feb 21, 2010 2:36pm Feb 21, 2010 2:36pm
Quoting traderathome
The indicators provide normal pivots (based upon previous period candle) using either the Daily or the Fibonacci formulas. They allow time shifting to enable the pivot calculations to be based upon a previous candle that starts per a different time zone than your platrform server starts with.
How do you set it to the fibonacci formula?
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