So far only 9 plays, +43p, get back to home first and see what will happen after the US news.
- #421
- Jul 20, 2010 4:55am Jul 20, 2010 4:55am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #422
- Jul 20, 2010 8:08am Jul 20, 2010 8:08am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #423
- Jul 20, 2010 9:34am Jul 20, 2010 9:34am
- Joined Nov 2009 | Status: Following X to get the effect | 1,302 Posts
- #424
- Jul 20, 2010 9:44am Jul 20, 2010 9:44am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
14 plays, 2 loss, 12 win, +107
Sometime the late London + US session is really good for trade!! Today much better than London lunch.
Sometime the late London + US session is really good for trade!! Today much better than London lunch.
- #425
- Jul 20, 2010 9:48am Jul 20, 2010 9:48am
- Joined Nov 2009 | Status: Following X to get the effect | 1,302 Posts
Waiting for this candle to close then will decide for short it or not....
I missed the GU pinbar exactly at 61.8 fibo level now will see if i get the chance again to long it at 1.5200 area.....
Hope City u grabbed many nice pips today.... i noticed ur EJ freak nice pingpong playing for EJ...
I missed the GU pinbar exactly at 61.8 fibo level now will see if i get the chance again to long it at 1.5200 area.....
Hope City u grabbed many nice pips today.... i noticed ur EJ freak nice pingpong playing for EJ...
- #426
- Jul 20, 2010 9:50am Jul 20, 2010 9:50am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Both made false breakout of support levels........
On your charts, some other traders would only go for the breakout after a retest, see whether it works for you
- #427
- Jul 20, 2010 9:55am Jul 20, 2010 9:55am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Waiting for this candle to close then will decide for short it or not....
I missed the GU pinbar exactly at 61.8 fibo level now will see if i get the chance again to long it at 1.5200 area.....
Hope City u grabbed many nice pips today.... i noticed ur EJ freak nice pingpong playing for EJ...
- #428
- Jul 20, 2010 9:55am Jul 20, 2010 9:55am
- Joined Nov 2009 | Status: Following X to get the effect | 1,302 Posts
Haha, I'm still no good on H1 trading. trying...............but M15 is much more better for me, at least at the moment.
On your charts, some other traders would only go for the breakout after a retest, see whether it works for you
- #429
- Jul 20, 2010 9:57am Jul 20, 2010 9:57am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #430
- Jul 20, 2010 10:08am Jul 20, 2010 10:08am
- Joined Nov 2009 | Status: Following X to get the effect | 1,302 Posts
- #431
- Jul 20, 2010 10:26am Jul 20, 2010 10:26am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Some one PM me how I traded this GU long (bit early entry when there was no confirmation). Here is my play in details, hope this help. But its my view only.
The KC did tell me there was a nice up trend, So if you spotted a retracement 50% ~ 61%, and the candle didnt want to go down anymore (feel it!!), then I didnt really need to wait for the end of candle formation. Instead, if you got in the trade a bit early, you got more chance to win a few pips!! Think about the candle was to be ended with similar shape, then you would decide to go for long afterall, and your SL would be set at the same place, then why not go for a bit earlier? If you have been with Sho's thread for a while, Sho did tell us a number of times that "when you are in, I'm out". That's the way Sho did so many times. Just trying to pick similar technique from him
.
Hope this help. My view only, not applicable to conservative palyers.
The KC did tell me there was a nice up trend, So if you spotted a retracement 50% ~ 61%, and the candle didnt want to go down anymore (feel it!!), then I didnt really need to wait for the end of candle formation. Instead, if you got in the trade a bit early, you got more chance to win a few pips!! Think about the candle was to be ended with similar shape, then you would decide to go for long afterall, and your SL would be set at the same place, then why not go for a bit earlier? If you have been with Sho's thread for a while, Sho did tell us a number of times that "when you are in, I'm out". That's the way Sho did so many times. Just trying to pick similar technique from him
.Hope this help. My view only, not applicable to conservative palyers.
- #432
- Jul 20, 2010 10:36am Jul 20, 2010 10:36am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #433
- Jul 20, 2010 10:46am Jul 20, 2010 10:46am
- Joined Nov 2009 | Status: Following X to get the effect | 1,302 Posts
Haha, I'm still no good on H1 trading. trying...............but M15 is much more better for me, at least at the moment.
On your charts, some other traders would only go for the breakout after a retest, see whether it works for you
- #434
- Jul 20, 2010 11:00am Jul 20, 2010 11:00am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Some one pls tie up my hands
Spotted a great chance on counter trend trade,
- good upper resistance;
- daily highest;
- After several hrs of up move;
- r/n
- 2 pins
Why not try this; put your SL right above the top resistance, let the trade run!!
Exit when it didnt move at 7.5p gained, seems stall or retest the upper level. Sharp cut.
Spotted a great chance on counter trend trade,
- good upper resistance;
- daily highest;
- After several hrs of up move;
- r/n
- 2 pins
Why not try this; put your SL right above the top resistance, let the trade run!!
Exit when it didnt move at 7.5p gained, seems stall or retest the upper level. Sharp cut.
- #435
- Jul 20, 2010 11:39am Jul 20, 2010 11:39am
- Joined Sep 2008 | Status: Trader | 1,364 Posts
Some one pls tie up my hands
Spotted a great chance on counter trend trade,
- good upper resistance;
- daily highest;
- After several hrs of up move;
- r/n
- 2 pins
Why not try this; put your SL right above the top resistance, let the trade run!!
Exit when it didnt move at 7.5p gained, seems stall or retest the upper level. Sharp cut.
- #436
- Edited Jul 21, 2010 8:54am Jul 20, 2010 10:45pm | Edited Jul 21, 2010 8:54am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Some one requests me to upload my template and indicators, I dont really mind as soon as I can for sharing.
Those indicators I used:
- P4L Clock - world time display;
- CandleTimer1 - display of currency, candle time and currency rate; which is modified by one of my friend Peter in Sho's thread (I trust he doesnt mind I share with you guys);
- Display Spread - as named;
- Keltner Channel - Sho's stuff, haha
- BlankWindow - create a blank sub-window for other indicator;
- Stochastic_Divergence - stoch with alert and divergence lines;
- FFCal Headlines (White) - news display;pretty useful but cant remember where I got it, cos there are so many versions on FFCal;
- SDX-SweetSpots - round numbers lines; this one recommended by Francis, if you are "Old" enough in Sho's thread, you know who is this great guy
- Support and resistance lines - this is a paid indicator "Dashboard" that developed by Stratman, which can auto display the MAs, fractal, THV signals, stoch, world time and session lines, and the support and resistance lines etc. This indicator is pretty useful when I was seriously involved in THV trading system (do a little search in FF, you can easily find this thread). But now I am trading with pure price action associated with support / resistance zones, so that I only use the function of support and resistance, that pretty good though. If you are interesting on Stratman product, check his thread:
http://www.forexfactory.com/showthread.php?t=210461
Check my comment too:
http://www.forexfactory.com/showpost...&postcount=331
- regarding the thicker wick - see this link:
http://www.forexfactory.com/showpost...&postcount=217
Remember: no matter what indicator(s) you used, you have to know how it works and its pros & cons. Don't fully trust those. Trust youself.
Template - tune by your self please, MT4 built in
PS - If there is anything involved commercial stuff, I'm not promoting anything, but just want to let you know where to get it if you really want, the decision is on yours.
City
Carry on part 2 below
Those indicators I used:
- P4L Clock - world time display;
- CandleTimer1 - display of currency, candle time and currency rate; which is modified by one of my friend Peter in Sho's thread (I trust he doesnt mind I share with you guys);
- Display Spread - as named;
- Keltner Channel - Sho's stuff, haha
- BlankWindow - create a blank sub-window for other indicator;
- Stochastic_Divergence - stoch with alert and divergence lines;
- FFCal Headlines (White) - news display;pretty useful but cant remember where I got it, cos there are so many versions on FFCal;
- SDX-SweetSpots - round numbers lines; this one recommended by Francis, if you are "Old" enough in Sho's thread, you know who is this great guy
- Support and resistance lines - this is a paid indicator "Dashboard" that developed by Stratman, which can auto display the MAs, fractal, THV signals, stoch, world time and session lines, and the support and resistance lines etc. This indicator is pretty useful when I was seriously involved in THV trading system (do a little search in FF, you can easily find this thread). But now I am trading with pure price action associated with support / resistance zones, so that I only use the function of support and resistance, that pretty good though. If you are interesting on Stratman product, check his thread:
http://www.forexfactory.com/showthread.php?t=210461
Check my comment too:
http://www.forexfactory.com/showpost...&postcount=331
- regarding the thicker wick - see this link:
http://www.forexfactory.com/showpost...&postcount=217
Remember: no matter what indicator(s) you used, you have to know how it works and its pros & cons. Don't fully trust those. Trust youself.
Template - tune by your self please, MT4 built in
PS - If there is anything involved commercial stuff, I'm not promoting anything, but just want to let you know where to get it if you really want, the decision is on yours.
City
Carry on part 2 below
- #437
- Jul 20, 2010 10:56pm Jul 20, 2010 10:56pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #438
- Jul 20, 2010 11:26pm Jul 20, 2010 11:26pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #439
- Edited Jul 21, 2010 10:34pm Jul 20, 2010 11:40pm | Edited Jul 21, 2010 10:34pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts