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Backing Trades Thru Charts

  • #1,841
  • Edited 3:18am Jul 16, 2010 2:47am | Edited 3:18am
I just cannot stop trading some days. Here is the latest quick trade.

Attached Image (click to enlarge)
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And here's a bit further into the trade. History repeating itself again.

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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,842
  • Jul 16, 2010 3:12am Jul 16, 2010 3:12am
Quoting profxtrader
I just cannot stop trading some days. Here is the latest quick trade.

Attachment

And here's a bit further into the trade. History repeating itself again.

Attachment
And I'm out. An easy 28 pips with a total 2.4 pip drawdown.

I'm really done for the day now. May the pips be with you!
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,843
  • Jul 16, 2010 3:42am Jul 16, 2010 3:42am
Quoting MarketTrader
I think this can work as buysignal, the pair is in uptrend since some days
that trade was a loose, i think i mut work on my trendline drawing. has anybody a rule how he calculate the stoploss and takeprofit for any pair when he trade with trendline?
  • #1,844
  • Edited 6:41am Jul 16, 2010 5:48am | Edited 6:41am
Breakout EURGBP 4H.
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  • #1,845
  • Jul 16, 2010 6:30am Jul 16, 2010 6:30am
Quoting egkid
Hi
My own view i read on my own Chart for next 24h
e/u 1.2945 , Current 1.2740
g/u 1.5475, Current 1.5260
My interest "I ask my self should i close my position there or let it because that not my long term target!"
Better back to sleep now have work early and as always say Please follow only ur own chart and ur own plan

PS:Something i have read it and i like it thought to share
“If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties.”

GL
Simply I'm Happy because Cracked time and PA this time
Catch u next week and happy weekend to All
  • #1,846
  • Jul 16, 2010 6:39am Jul 16, 2010 6:39am
Good work EG still not sure how you drawed that conclusion but you did ....

closed usd/jpy +9 and eurjpy for +88 didnt have the fore thought to sell it there am short dragon thou....usd jpy is game on now imo...
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  • #1,847
  • Jul 16, 2010 1:48pm Jul 16, 2010 1:48pm
I've gotta say I'm pleased with today. That said, again this is not bragging. This is just to show people again that the way that TLC trades is really all you need to make a buck... or 72 thousand of them in this market. I used to have my charts so cluttered with indicators that I could barely make out price action which is all I should have been looking at anyways. It was TLC's thread that got me back to trading price action only. I am like a militant vegan when it comes to indicators. Indicators are murder!

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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,848
  • Jul 16, 2010 1:58pm Jul 16, 2010 1:58pm
In Muslims way the best to say for a hero like you is "Masha Allah" to protect your talent.

Cheers,

Quoting profxtrader
I've gotta say I'm pleased with today. That said, again this is not bragging. This is just to show people again that the way that TLC trades is really all you need to make a buck... or 72 thousand of them in this market. I used to have my charts so cluttered with indicators that I could barely make out price action which is all I should have been looking at anyways. It was TLC's thread that got me back to trading price action only. I am like a militant vegan when it comes to indicators. Indicators are murder!

Attachment
Depict history, predict future, and the area in between ...
  • #1,849
  • Jul 16, 2010 2:05pm Jul 16, 2010 2:05pm
Quoting profxtrader
I've gotta say I'm pleased with today. That said, again this is not bragging. This is just to show people again that the way that TLC trades is really all you need to make a buck... or 72 thousand of them in this market. I used to have my charts so cluttered with indicators that I could barely make out price action which is all I should have been looking at anyways. It was TLC's thread that got me back to trading price action only. I am like a militant vegan when it comes to indicators. Indicators are murder!

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Nice work Profx....you're living my dream.....
  • #1,850
  • Jul 16, 2010 2:06pm Jul 16, 2010 2:06pm
Quoting Low
Nice work Profx....you're living my dream.....
Ditto! Great job Pro4x
  • #1,851
  • Jul 16, 2010 3:09pm Jul 16, 2010 3:09pm
Quoting TheLastCoke
I'M NOT SHORTING. If TL is broken Bulls won't have mercy

Attachment
Pretty much as expected.....sorry no charts to show, I wont have acces to my PCs until Sunday.
BTW, ProFX, Congrats on your Achievements.

TLC.
  • #1,852
  • Jul 16, 2010 4:00pm Jul 16, 2010 4:00pm
Good day good people,i am just viewing this tread for the first time today.I will like to know from you guys how can i benefit from the price action that got one of you 72,000 usd today?
Can anyone predict the likely price action for some of the currency pairs for next week please?Thanks.
  • #1,853
  • Jul 16, 2010 4:37pm Jul 16, 2010 4:37pm
Quoting brosd
Good day good people,i am just viewing this tread for the first time today.I will like to know from you guys how can i benefit from the price action that got one of you 72,000 usd today?
Can anyone predict the likely price action for some of the currency pairs for next week please?Thanks.
This thread is not a signal service.
  • #1,854
  • Jul 16, 2010 6:11pm Jul 16, 2010 6:11pm
Quoting brosd
.I will like to know from you guys how can i benefit from the price action that got one of you 72,000 usd today?
Read all of TLC's posts. Then read them again. Might seem like a BS answer but if you can start to see these patterns on your chart, then you've found a way to benefit from the price action. Welcome to the thread.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,855
  • Jul 16, 2010 7:50pm Jul 16, 2010 7:50pm
Quoting profxtrader
I've gotta say I'm pleased with today. That said, again this is not bragging. This is just to show people again that the way that TLC trades is really all you need to make a buck... or 72 thousand of them in this market. I used to have my charts so cluttered with indicators that I could barely make out price action which is all I should have been looking at anyways. It was TLC's thread that got me back to trading price action only. I am like a militant vegan when it comes to indicators. Indicators are murder!

Attachment
Impressive
I wish I can trade 50lots someday

plz keep posting for us!
  • #1,856
  • Jul 16, 2010 7:52pm Jul 16, 2010 7:52pm
Wow. Upon looking at that printout of your trading, it was all done in less than an hour.

Are you manual? Because that is some serious processing. Do you teach/mentor? Have a book, dvd? I am pretty good and put up some great numbers. But I only see two or three trades a day at most. I would love to be able to make more trades. Love to.

I was a professional stock trader, one of the best in many peoples minds, and when I waddled into forex, I received quite a surprise. It might as well have been going from tennis to playing squash. Similar, but OOOOOH so different.

Its really good now, but looking at your printout, I realize that it could be a LOT BETTER.

Name your price, I would love to pay to learn. You basically, on the amount invested, took the amount ventured and made what? 500%? I made 8% on my overall account this week and felt proud. I only traded two days.
  • #1,857
  • Jul 16, 2010 8:48pm Jul 16, 2010 8:48pm
Quoting steroidman
Wow....
It's all manual and in reality it was about 8 hours of trading. I don't know why the times are all over the place, but there are some 8AM trades in there if you look closely.

I've thought about teaching but honestly it's out for at least a couple of years. I've got too much going on in my life right now. I was serious when I answered the question above. There is no magic. A lot of the trades today were simple support and resistance trades. A few of the larger ones were pattern trades. I can't teach that because it's all been taught before. The information is freely available. Get Thomas Bulkowski's "The Encyclopedia of Chart Patterns" if you don't already have it. It'll improve your accuracy. But to be completely honest, I believe that if you manage risk correctly, you can flip a coin and make money, but if you do both.... well the recipe for great rewards lies somewhere within that.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,858
  • Jul 16, 2010 9:20pm Jul 16, 2010 9:20pm
I hear ya. I saw on your twitter that sentiment plays a big role in your trading. Any comment on that? Do you ever play news items?
  • #1,859
  • Jul 16, 2010 10:55pm Jul 16, 2010 10:55pm
Quoting profxtrader
I've gotta say I'm pleased with today. That said, again this is not bragging. This is just to show people again that the way that TLC trades is really all you need to make a buck... or 72 thousand of them in this market. I used to have my charts so cluttered with indicators that I could barely make out price action which is all I should have been looking at anyways. It was TLC's thread that got me back to trading price action only. I am like a militant vegan when it comes to indicators. Indicators are murder!

Attachment

Man, you have just brought me back from the brink...I am an indicator addict.
No matter what I do to limit the addiction, my charts have a sinister compulsion to invade the trade...and that sabotages my bottom line, which is now a dotted squiggle.
Im now going to pay more (proactive) attention to TLC's thread, charts and traders.
Ive been watching and paying attention, but my addiction...LOL

thanks for sharing that info profxtrader

Awsome

  • #1,860
  • Jul 17, 2010 2:04am Jul 17, 2010 2:04am
Quoting steroidman
I hear ya. I saw on your twitter that sentiment plays a big role in your trading. Any comment on that? Do you ever play news items?
Sentiment plays no role in my trading. I'm a member of currensee.com a facebook of sorts for forex traders. They have an app to post directly to twitter. It automatically adds the sentiment crap in, but if you do look at it, I'm against the crowd. I'd be interested to see the number of times I'm against the general public as time goes on.

I had an EA that a FF member wrote that I actually prefer to use to post trades to twitter, but it's buggy and at least the currensee app works thus far.
Every time you use 'hopium' in a post, God kills a kitten.
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