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Trading with Deadly Accuracy

  • #681
  • Mar 15, 2010 1:02pm Mar 15, 2010 1:02pm
Quoting plasmapants
i dont blame you. the bops look like neatest entry.

there are some other factors for long on gbpchf like the gap not having closed yet, but may be not entrirely in tune with the theme of the thread.

happy birthday by the way.
hehehehehe...thnx plasmapants
it was yday actually .... (nigerian time atleast)
do post more, lets all compliment each other
cheers
Simplicity is the key to success
  • #682
  • Mar 15, 2010 1:07pm Mar 15, 2010 1:07pm
Quoting J-r
If you are indeed a trader, you should know that "100% deadly accuracy" is 100% rubbish.

-JR
No such thing as a 100% Guaranteed trade.
  • #683
  • Mar 15, 2010 1:21pm Mar 15, 2010 1:21pm
Quoting lovejoy80
Ahh....yes...didnt get any decent PA on my feed.
conservative entry after aggressive entry didnt trigger...
now there's adv & disadv btw the 2, i was thinking over the weekend about the entry approach.....
anyways later guys
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Simplicity is the key to success
  • #684
  • Mar 16, 2010 8:29am Mar 16, 2010 8:29am
euro dollar's not exactly my fravorite pair, but i see a couple of levels approaching.

the first one looks like it was almost tested, the upper one is confirmed s/r.
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bull in a china shop
  • #685
  • Mar 17, 2010 10:22am Mar 17, 2010 10:22am
pound long bops
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bull in a china shop
  • #686
  • Mar 17, 2010 11:04am Mar 17, 2010 11:04am
Quoting squeezy
conservative entry after aggressive entry didnt trigger...
now there's adv & disadv btw the 2, i was thinking over the weekend about the entry approach.....
anyways later guys
I left my pending order and got badly burned when the GJ shot higher on supportive GBP news this morning...grrrr it's been one of those days! Lesson learned!
  • #687
  • Mar 17, 2010 12:38pm Mar 17, 2010 12:38pm
Quoting lovejoy80
I left my pending order and got badly burned when the GJ shot higher on supportive GBP news this morning...grrrr it's been one of those days! Lesson learned!

ouch! i always check my pending orders from time to time incase i need to remove them.....sorry about that LJ
had a sell pending on uchf @ 1.0575, sell audcad @ .9358...price got close on my orders but didnt trigger...when pa started to get ugly on the 4hr tf....i cancelled my orders
have some other orders sitting though .......lol
ill post some charts later, the patterns im watching are just developing
cheers
Simplicity is the key to success
  • #688
  • Mar 17, 2010 12:47pm Mar 17, 2010 12:47pm
Quoting squeezy
ouch! i always check my pending orders from time to time incase i need to remove them.....sorry about that LJ
had a sell pending on uchf @ 1.0575, sell audcad @ .9358...price got close on my orders but didnt trigger...when pa started to get ugly on the 4hr tf....i cancelled my orders
have some other orders sitting though .......lol
ill post some charts later, the patterns im watching are just developing
cheers
I was in a UCHF short from the 1HR BEOB...well still am, taking a while to get to the round number target but nearly there - would have had a pending order there too otherwise. It was just carelessness on my part...it didnt help my mood when I got slippage above my SL though!
  • #689
  • Mar 17, 2010 3:11pm Mar 17, 2010 3:11pm
Quoting lovejoy80
I was in a UCHF short from the 1HR BEOB...well still am, taking a while to get to the round number target but nearly there - would have had a pending order there too otherwise. It was just carelessness on my part...it didnt help my mood when I got slippage above my SL though!

well this was my thinking, not sure people would agree with me but here goes
usdchf has been really choppy for a while now...and based on my 4hr charts, the trend is down ....thats y i had those sell orders which werent triggered.
now on the daily, the short term trend is up....and we have our resistance, breakout, a couple of hooks which lead to sideways movement making that area very ugly to the eyes ....lol
my buy order hasnt been triggered yet as u can see...watching this one closely to know further actions to take
dnt worry about ur mishap, ull bounce back...u seem to be doing pretty well
cheers mate
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Simplicity is the key to success
  • #690
  • Mar 17, 2010 3:51pm Mar 17, 2010 3:51pm
Looking long at usd loonie. Watching it on a mobile screen, but looks like it's hit ltl on 4 hr tf.
bull in a china shop
  • #691
  • Mar 17, 2010 4:10pm Mar 17, 2010 4:10pm
Quoting plasmapants
Looking long at usd loonie. Watching it on a mobile screen, but looks like it's hit ltl on 4 hr tf.
usdcad 4hr tf.....firstly look at what the trend tells you then look for oppurtunities with the trend, thats what wmd's strategy is about i believe....countertrend trrades are the hardest imo simply because you would be going against a lot of people....not saying it cant work and all but its defiantely not the safest
Simplicity is the key to success
  • #692
  • Mar 17, 2010 4:19pm Mar 17, 2010 4:19pm
wmd mentioned about using diagnal lines and reversal patterns. i've had pretty good success with it so far.

any way, heres what i'm looking at. note confluence of ltls from daily and 4h/1h timeframe. i've jumped in with small lot, and will add proper trade size if i see good reversal signal.

(there is also a cluster to the left on the daily so expect it should be good for bounces)
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bull in a china shop
  • #693
  • Mar 17, 2010 5:42pm Mar 17, 2010 5:42pm
Quoting squeezy
well this was my thinking, not sure people would agree with me but here goes
usdchf has been really choppy for a while now...and based on my 4hr charts, the trend is down ....thats y i had those sell orders which werent triggered.
now on the daily, the short term trend is up....and we have our resistance, breakout, a couple of hooks which lead to sideways movement making that area very ugly to the eyes ....lol
my buy order hasnt been triggered yet as u can see...watching this one closely to know further actions to take
dnt worry about ur mishap,...
Yep that is a nice PPZ area to go long ... I thought about reversing and entering but decided against it...not for any specific reason though. If you scroll out slightly on the 4HR - looka t how symmetrical price has been from when price went a broke the 1.0500 for the first time back in Jan until now...I'm sure I've seen that pattern explained in the No brainer Thread somewhere hmmm.

Thanks, GJ mishap was one of those things its begind me now...I'm going ok taking the PA setups on dailies and lower time frames ok but struggling with the more advanced entry techniques of the likes of Rac, Trigger and Nasir...not making much sense to me at the moment and re-reading posts they are all quite mystical in their chart explanations lol...more reading and practice required to get up to this level.
  • #694
  • Mar 18, 2010 10:48am Mar 18, 2010 10:48am
pound bop.

i've gone with a hundred pip stop, but will close the trade if i get an hourly candle closing below 5170.
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bull in a china shop
  • #695
  • Mar 18, 2010 10:53am Mar 18, 2010 10:53am
Quoting squeezy
well this was my thinking, not sure people would agree with me but here goes
usdchf has been really choppy for a while now...and based on my 4hr charts, the trend is down ....thats y i had those sell orders which werent triggered.
now on the daily, the short term trend is up....and we have our resistance, breakout, a couple of hooks which lead to sideways movement making that area very ugly to the eyes ....lol
my buy order hasnt been triggered yet as u can see...watching this one closely to know further actions to take
dnt worry about ur mishap,...
Are you still in this trade...
  • #696
  • Mar 18, 2010 10:57am Mar 18, 2010 10:57am
Quoting plasmapants
pound bop.

i've gone with a hundred pip stop, but will close the trade if i get an hourly candle closing below 5170.
Not sure why you went long there? 1.5200 was the last break out area and that has already been tested?
  • #697
  • Mar 18, 2010 10:57am Mar 18, 2010 10:57am
have to say i love the title of this thread!
  • #698
  • Mar 18, 2010 11:06am Mar 18, 2010 11:06am
i could be wrong, but looks like its the origin of yesterdays break out.
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bull in a china shop
  • #699
  • Mar 18, 2010 11:17am Mar 18, 2010 11:17am
Quoting lovejoy80
Are you still in this trade...
nope.... missed my entry , so ive cancelled my order obviously but im happy i picked & predicted what wld happen, makes me feel good
thats the thing about playing them aggressively....it cld trigger ur order & take u out, miss ur order by some pips, trigger ur order & tp etc
it definately did one of my predictions but not the one i wanted...
check ur 4hr usdchf can u see anything....ill post a chart soon if it plays out accordingly
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Simplicity is the key to success
  • #700
  • Mar 18, 2010 11:26am Mar 18, 2010 11:26am
Quoting squeezy
nope.... missed my entry , so ive cancelled my order obviously but im happy i picked & predicted what wld happen, makes me feel good
thats the thing about playing them aggressively....it cld trigger ur order & take u out, miss ur order by some pips, trigger ur order & tp etc
it definately did one of my predictions but not the one i wanted...
check ur 4hr usdchf can u see anything....ill post a chart soon if it plays out accordingly
Yeah it certianly does give you the confidence that you planned everything and it worked out as you planned...here is my current chart.
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