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  • #2,421
  • Jun 17, 2010 10:11am Jun 17, 2010 10:11am
Quoting lovejoy80
This is the tough moment in trading...sitting at support...it's hovering aruond there...is it hovering to build up momentum before another leg down or will it bounce...do I take all profit now or wait and give it some time...hmmmm answers on a postcard lol!

Ym has broken its 4HR TL @ 10300...is it a false Bout or will it continue...the strength of the down bars suggest further moves down but as we all know the dow can retrace hard in a split moment.
Bleh, was waiting for this one, but got distracted by other trades. Would of just been bound for demo, but still. Always get too easily distracted. You think this would of been good enough lj? Erm, feel free to answer whenever. Feel bad all these posts, probably just distracting you.

Attached Image (click to enlarge)
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  • #2,422
  • Jun 17, 2010 10:16am Jun 17, 2010 10:16am
Quoting lovejoy80
This is the tough moment in trading...sitting at support...it's hovering aruond there...is it hovering to build up momentum before another leg down or will it bounce...do I take all profit now or wait and give it some time...hmmmm answers on a postcard lol!

Ym has broken its 4HR TL @ 10300...is it a false Bout or will it continue...the strength of the down bars suggest further moves down but as we all know the dow can retrace hard in a split moment.
Ok...I took all profit. If I hadnt taken a full bar loss on UC BEOB trade earlier and not taken any losses at all on my earlier 'basket' shorts then I'd be about 8% up for today... instead I'm just under BE.
  • #2,423
  • Jun 17, 2010 10:17am Jun 17, 2010 10:17am
Quoting Jlr
Bleh, was waiting for this one, but got distracted by other trades. Would of just been bound for demo, but still. Always get too easily distracted. You think this would of been good enough lj? Erm, feel free to answer whenever. Feel bad all these posts, probably just distracting you.

Attachment
I didnt see the TL but add a fib from the whole swing and you'll see you have BRN, TL, 61 fib and PPZ...pull the trigger every time on confluence like that. I missed it too.
  • #2,424
  • Jun 17, 2010 10:23am Jun 17, 2010 10:23am
Quoting lovejoy80
I didnt see the TL but add a fib from the whole swing and you'll see you have BRN, TL, 61 fib and PPZ...pull the trigger every time on confluence like that. I missed it too.
Noticed the fib too. Not sure why I wasn't in love with it. I guess I need more practice. Thanks
  • #2,425
  • Jun 17, 2010 10:33am Jun 17, 2010 10:33am
Quoting Jlr
Bleh, was waiting for this one, but got distracted by other trades. Would of just been bound for demo, but still. Always get too easily distracted. You think this would of been good enough lj? Erm, feel free to answer whenever. Feel bad all these posts, probably just distracting you.

Attachment


I cant make the trendline either lovejoy You also have fxpro right?
  • #2,426
  • Jun 17, 2010 10:35am Jun 17, 2010 10:35am
Quoting Jlr
Noticed the fib too. Not sure why I wasn't in love with it. I guess I need more practice. Thanks
Being confident enough to pull the trigger comes with lots and lots of practice...you then 'know' what are great setups...If you try to make it as mechanical as possible i.e.PPZ, and fibs as confluence then pull the trigger 1 lot...if more confluence e.g. TL or BRN or both then trade 2 lots. Just an example...but that's how I practiced on backtest on 4HR... before forward testing on small live to where I am now where I take them routinely ... well when I spot them,. Of course managing stops and exits are the tricky part...
  • #2,427
  • Jun 17, 2010 10:37am Jun 17, 2010 10:37am
Quoting ingmarforex
I cant make the trendline either lovejoy You also have fxpro right?
Yeah, no TL on fxpro...but even without that...RN, a very clear PPZ and 61fib is more than enough to take that trade.
  • #2,428
  • Jun 17, 2010 10:42am Jun 17, 2010 10:42am
Quoting lovejoy80
Yeah, no TL on fxpro...but even without that...RN, a very clear PPZ and 61fib is more than enough to take that trade.
Ok but what about this how is see it on fxpro

http://i48.tinypic.com/2w51u9f.jpg


http://i50.tinypic.com/121gbqu.jpg
  • #2,429
  • Jun 17, 2010 10:47am Jun 17, 2010 10:47am
Quoting ingmarforex
Ok but what about this how is see it on fxpro

http://i48.tinypic.com/2w51u9f.jpg


http://i50.tinypic.com/121gbqu.jpg
This is how I see it too, but if this H4 turns into a PB then it's the other way around. And it would fall in place with the S&P forecast of going to 1140-1150.
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  • #2,430
  • Jun 17, 2010 10:51am Jun 17, 2010 10:51am
Quoting lovejoy80
Being confident enough to pull the trigger comes with lots and lots of practice...you then 'know' what are great setups...If you try to make it as mechanical as possible i.e.PPZ, and fibs as confluence then pull the trigger 1 lot...if more confluence e.g. TL or BRN or both then trade 2 lots. Just an example...but that's how I practiced on backtest on 4HR... before forward testing on small live to where I am now where I take them routinely ... well when I spot them,. Of course managing stops and exits are the tricky part...
Hope you are right. I studied P and V so much you would not even believe it. I still am not very confident in it, even though its done me pretty well so far. Still, I have 1 bad day, and I know its part of the game, but I for some reason still start to question things. Sort of get the sense that I wasn't meant to be a trader, because every profit I make, is just so dang tough lol.
  • #2,431
  • Jun 17, 2010 10:51am Jun 17, 2010 10:51am
Quoting neutro
This is how I see it too, but if this H4 turns into a PB then it's the other way around. And it would fall in place with the S&P forecast of going to 1140-1150.

Lets see what the price will do
  • #2,432
  • Jun 17, 2010 10:51am Jun 17, 2010 10:51am
Quoting neutro
This is how I see it too, but if this H4 turns into a PB then it's the other way around. And it would fall in place with the S&P forecast of going to 1140-1150.
Yes it all depends on the close, TL intercepts @ 91 round number too...
  • #2,433
  • Jun 17, 2010 10:54am Jun 17, 2010 10:54am
took profit earlier on UC long...got out all on xxx/usd and xxx/jpy shorts at the right time! Now we have a retest of breakout so gone long and pending short on 1HR EU BEOB with divergence at swing high. Order below the support level below it.
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  • #2,434
  • Jun 17, 2010 10:55am Jun 17, 2010 10:55am
Quoting lovejoy80
Yes it all depends on the close, TL intercepts @ 91 round number too...
How do you make your pics sharp man? How do you attach them? Because I hate the way they're displaying...

Jing takes the pictures crisp and clear but when I attach them here (via Attachments button) it's just plain wrong...

Do you save them on your computer and add them from your computer, or do you paste their URL?
  • #2,435
  • Jun 17, 2010 11:01am Jun 17, 2010 11:01am
Quoting Jlr
Hope you are right. I studied P and V so much you would not even believe it. I still am not very confident in it, even though its done me pretty well so far. Still, I have 1 bad day, and I know its part of the game, but I for some reason still start to question things. Sort of get the sense that I wasn't meant to be a trader, because every profit I make, is just so dang tough lol.
Another touch trade opportunity...though I probably would have got stopped out on this initially with the follow through and then got in again on the way down.

P&V trading can makes your account grow a lot when you get good trends intraday. It's pretty straightforward method...just identifying the first position i.e. the start of the swing is key. Nasir has a lot of posts over there which are worth printing out and looking at.
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  • #2,436
  • Jun 17, 2010 11:07am Jun 17, 2010 11:07am
Quoting neutro
How do you make your pics sharp man? How do you attach them? Because I hate the way they're displaying...

Jing takes the pictures crisp and clear but when I attach them here (via Attachments button) it's just plain wrong...

Do you save them on your computer and add them from your computer, or do you paste their URL?
I just save pic straight from Mt4 onto computer and attach the image.
  • #2,437
  • Jun 17, 2010 11:10am Jun 17, 2010 11:10am
test

OK, now I get it. FF resizes the image and compresses it. If you save it with lower resolution it doesn't get resized. But lower resolution means less information to the left.
Attached Image (click to enlarge)
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  • #2,438
  • Jun 17, 2010 11:16am Jun 17, 2010 11:16am
Usd/chf pin also eu shows evening star maybe need to wait for both candles to close .

http://i49.tinypic.com/2hntmwy.jpg
  • #2,439
  • Jun 17, 2010 11:24am Jun 17, 2010 11:24am
By the way Lovejoy i wanna thank you!.

Because by following your journal has really made me a better trader with the confluence with the fibs and ppz it is incredible.

I will keep continue myself for this year still demo and a little micro account what is growing and at the end of the year i go live. And start a bigger acount and see if i can keep up making it live i will also hold positions longer according macro fundamentals and add on the possitions in the way.

Just wanna say thanks this journal is really helping me
  • #2,440
  • Jun 17, 2010 11:30am Jun 17, 2010 11:30am
Quoting neutro
test

OK, now I get it. FF resizes the image and compresses it. If you save it with lower resolution it doesn't get resized. But lower resolution means less information to the left.
Can you not change the resolution on Jing? I tried but on the shareware version you can not.

I also most of the times simply use MT4: "Save as Picture"
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