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Peaks and Valleys (Trading Naked)

  • #601
  • Apr 12, 2010 4:09am Apr 12, 2010 4:09am
Hi, lovejoy80

please refer to below charts of your trades. for the first short entries of the two charts at least, I didn't see a LH and LL as a sign showing a downtrend has been established on the H4 TF. could you please provide more details of your thinking process for these trades? thank you as always.

jeurre



Quoting lovejoy80
There is no particular reason for my trades being CT...it's just going with the current 'trend' on that timeline...the break of HH and HL's indicated a trend change (talkng about a short entry) and then it's a case of playing each break of a HL until there is an obvious trend reversal point again...pickingthe start of the 'trend' is the hardest part...after that adding in further positions is straightforward and each time moving you SL's up etc...

Of course the market doesn't always trend...in fact it has been trending rather well lately.
Attached Images
  • #602
  • Apr 12, 2010 8:04am Apr 12, 2010 8:04am
Quoting jeurre
Hi, lovejoy80

please refer to below charts of your trades. for the first short entries of the two charts at least, I didn't see a LH and LL as a sign showing a downtrend has been established on the H4 TF. could you please provide more details of your thinking process for these trades? thank you as always.

jeurre
I think maybe LL and LH terminology was misleading...what I mean was the reason for the trade entries was a break of the previous support areas on the time frame in question which indicates a trend change...if you are still not clear let me know and I'll annotate the charts you posted.
  • #603
  • Apr 12, 2010 10:20am Apr 12, 2010 10:20am
Quoting jeurre
Hi, lovejoy80

please refer to below charts of your trades. for the first short entries of the two charts at least, I didn't see a LH and LL as a sign showing a downtrend has been established on the H4 TF. could you please provide more details of your thinking process for these trades? thank you as always.

jeurre
here are my current AJ trades...I've shown the line chart...is the reasoning behind the trades clear now?
Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 12 KB
  • #604
  • Apr 12, 2010 1:07pm Apr 12, 2010 1:07pm
Hi, lovejoy80

It is much clear with the charts. did you change your stoploss in between? I guess your entry was triggered upon the break of the head and shoulder, correct me if I am wrong.

jeurre

Quoting lovejoy80
here are my current AJ trades...I've shown the line chart...is the reasoning behind the trades clear now?
  • #605
  • Apr 12, 2010 2:27pm Apr 12, 2010 2:27pm
Quoting jeurre
Hi, lovejoy80

It is much clear with the charts. did you change your stoploss in between? I guess your entry was triggered upon the break of the head and shoulder, correct me if I am wrong.

jeurre
The chart I showed are current AJ trades...they look similiar to the previous ones (which were last week) as the location is about the same...the method for both sets of trades was the same...break of of support / valleys...was looking for shorts as AJ price is @ a TL resistance.
  • #606
  • Apr 13, 2010 12:55am Apr 13, 2010 12:55am
Thank you, lovejoy80 !

Quoting lovejoy80
The chart I showed are current AJ trades...they look similiar to the previous ones (which were last week) as the location is about the same...the method for both sets of trades was the same...break of of support / valleys...was looking for shorts as AJ price is @ a TL resistance.
  • #607
  • Apr 13, 2010 3:16am Apr 13, 2010 3:16am
Quoting lovejoy80
here are my current AJ trades...I've shown the line chart...is the reasoning behind the trades clear now?
Hi Lovejoy...I'm in the same Aj trade...it was going well...but i don't like so much the up move of last hour...let's see..
Attached Image (click to enlarge)
Click to Enlarge Name: aj2.gif Size: 21 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #608
  • Apr 13, 2010 3:29am Apr 13, 2010 3:29am
Quoting Chris_B
Hi Lovejoy...I'm in the same Aj trade...it was going well...but i don't like so much the up move of last hour...let's see..
Mine hit my profit target overnight @ 86.03...confluenc eof TL. fib and PPZ.

Uj, EJ and GJ looked good for potential shorts though after the move we just had...
Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 15 KB
  • #609
  • Apr 13, 2010 7:11am Apr 13, 2010 7:11am
I think we are steering away from the basic that this thread was started upon and i am first one who started it.

The main method is to take trades upon the break of Peak or Valley. But my trading (also LJ and now Chris also) involves lot of other things (TL's, Fibs, PA) that brings discretion in our trades.

So new people get a little confused when they read first couple of pages and see what's happening in last pages.

IMHO.
  • #610
  • Apr 13, 2010 7:16am Apr 13, 2010 7:16am
Quoting nasir.khan
I think we are steering away from the basic that this thread was started upon and i am first one who started it.

The main method is to take trades upon the break of Peak or Valley. But my trading (also LJ and now Chris also) involves lot of other things (TL's, Fibs, PA) that brings discretion in our trades.

So new people get a little confused when they read first couple of pages and see what's happening in last pages.

IMHO.
Yeah agreed will stick to posting trades that are in acordance with this thread method
  • #611
  • Apr 13, 2010 7:24am Apr 13, 2010 7:24am
Quoting nasir.khan
I think we are steering away from the basic that this thread was started upon and i am first one who started it.

The main method is to take trades upon the break of Peak or Valley. But my trading (also LJ and now Chris also) involves lot of other things (TL's, Fibs, PA) that brings discretion in our trades.

So new people get a little confused when they read first couple of pages and see what's happening in last pages.

IMHO.
Ok!! Even if my AUDJPY trade was opened (too late) as per this thread rules...after a valley break.
Anyway I colsed AJ in profit on the retracement of that big 1H green bar...
Market is like a puzzle, YOU have to fit the pieces!!
  • #612
  • Apr 14, 2010 2:37am Apr 14, 2010 2:37am
.
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  • #613
  • Apr 14, 2010 10:24am Apr 14, 2010 10:24am
Quoting nasir.khan
.

Tks Nasir , for the charts . R u entering these trades totally on touch or are you also using pa . Really enjoy all your posts an tks for sharing .
Gary
  • #614
  • Apr 15, 2010 3:58am Apr 15, 2010 3:58am
Quoting nasir.khan
.


Hi Nasir,

I see you using this strategy now for some time i wanna try it also because it is great for me i dont like all the noise.

Before i traded 15 min charts with indys etc But i need 1 larger timeframes i like the simplicity and it is based on pure pa.

But i have 1 question what ratio you will give it winning ratio?

Thanks for answer already
  • #615
  • Apr 15, 2010 7:11am Apr 15, 2010 7:11am
Quoting gjworley1952
Tks Nasir , for the charts . R u entering these trades totally on touch or are you also using pa . Really enjoy all your posts an tks for sharing .
Gary
I trade touches, Breakouts retraces and PA altogether. If you'r asking about above trades they only based on breaks of Valleys but if you have PA on your back it's a nice confidence booster.
.
  • #616
  • Apr 15, 2010 7:16am Apr 15, 2010 7:16am
Quoting ingmarforex
Hi Nasir,

I see you using this strategy now for some time i wanna try it also because it is great for me i dont like all the noise.

Before i traded 15 min charts with indys etc But i need 1 larger timeframes i like the simplicity and it is based on pure pa.

But i have 1 question what ratio you will give it winning ratio?

Thanks for answer already
I am not sure what you'r exactly asking here.

If your asking about Win/Loss ratio well i have don't have good idea how much is it? I don't pay attention to Ratios and RR's and % gains.
  • #617
  • Apr 15, 2010 7:45am Apr 15, 2010 7:45am
Quoting nasir.khan
I am not sure what you'r exactly asking here.

If your asking about Win/Loss ratio well i have don't have good idea how much is it? I don't pay attention to Ratios and RR's and % gains.


I mean the gains lets say 10 trades 8 winners 2 losers is 80% winning ratio.
  • #618
  • Apr 15, 2010 8:13am Apr 15, 2010 8:13am
Quoting ingmarforex
I mean the gains lets say 10 trades 8 winners 2 losers is 80% winning ratio.
I think somewhere near 70%-80%. Cause markets are trending hard so it will come down as they will start to range again.
.
  • #619
  • Apr 15, 2010 10:07am Apr 15, 2010 10:07am
Quoting nasir.khan
I trade touches, Breakouts retraces and PA altogether. If you'r asking about above trades they only based on breaks of Valleys but if you have PA on your back it's a nice confidence booster.
.

Thanks for the reply , my assumption was correct . i ve been studying j 16 for awhile an stumbled on peak an valleys , ive been testing it for a week . Reading your post have helped alot . Hope to contribute also . Cheers, Gary
  • #620
  • Apr 16, 2010 2:45am Apr 16, 2010 2:45am
A peaks & valleys trade I'm in...AUDJPY..let's see..
Attached Image (click to enlarge)
Click to Enlarge Name: aj3.gif Size: 17 KB
Market is like a puzzle, YOU have to fit the pieces!!
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