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Backing Trades Thru Charts

  • #2,101
  • Jul 23, 2010 6:13am Jul 23, 2010 6:13am
Quoting TheLastCoke
GBP/CHF Even though they are ugly by nature, this is a beautiful Pipistrellus Pipistrellus. T1 at 1.6000

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How do u determine where to place your SL (I have trouble deciding)? And do you alter ur rules according to the currency pair u trade?

Also, what are your guidelines for trading on Friday, Sunday, & Monday?
  • #2,102
  • Jul 23, 2010 6:13am Jul 23, 2010 6:13am
this thing is on drugs looking to BE this trade ....im finished trading see ya next week ....edit *stopped out* ..something is not right in the PA found it tricky last 2 days been doing well up to now owell....
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  • #2,103
  • Jul 23, 2010 6:18am Jul 23, 2010 6:18am
audcad was been cautious closed earlier so now bring out the big guns the weekly chart! ....will try the 9420
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  • #2,104
  • Jul 23, 2010 7:29am Jul 23, 2010 7:29am
Just a simple trendline break and retest.

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Every time you use 'hopium' in a post, God kills a kitten.
  • #2,105
  • Jul 23, 2010 8:38am Jul 23, 2010 8:38am
Quoting TheLastCoke
CHF/JPY Right at LTL

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Stopped out +85

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  • #2,106
  • Jul 23, 2010 9:32am Jul 23, 2010 9:32am
Quoting profxtrader
Just a simple trendline break and retest.

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Trendline - did you say trendline - it seems to me you need to buy the supa dupa trendline advisor - LOL
I've got my pips - go get yours!
  • #2,107
  • Jul 23, 2010 9:41am Jul 23, 2010 9:41am
Quoting BackTestDummy
Trendline - did you say trendline - it seems to me you need to buy the supa dupa trendline advisor - LOL
yes, very funny.
  • #2,108
  • Jul 23, 2010 9:58am Jul 23, 2010 9:58am
Quoting TheLastCoke
EUR/AUR This looks good. Major TL is broken, the next bump is the red level but if overcome it is a free fall to white one.

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BTW, I'm waiting for a retest
Out +140...Reading PA to determine next entry

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  • #2,109
  • Jul 23, 2010 10:05am Jul 23, 2010 10:05am
Quoting TheLastCoke
It is at support again....I wouldn't think about selling. #1687 #1785

TP 1 and TP 2 successfully taken, thanks again TLC.
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  • #2,110
  • Jul 23, 2010 10:08am Jul 23, 2010 10:08am
EUR/USD Can't see a clear entry but the pennat like action on 15M can give us a clue.

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  • #2,111
  • Jul 23, 2010 10:22am Jul 23, 2010 10:22am
Long with a SL.
  • #2,112
  • Jul 23, 2010 10:26am Jul 23, 2010 10:26am
Quoting TheLastCoke
Out +140...Reading PA to determine next entry

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That's what I call a nice rejection.

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  • #2,113
  • Jul 23, 2010 10:33am Jul 23, 2010 10:33am
Quoting trj6911
this thing is on drugs looking to BE this trade ....im finished trading see ya next week ....edit *stopped out* ..something is not right in the PA found it tricky last 2 days been doing well up to now owell....
I was in this on also.... a 2% risk on the trade, led to a MAJOR payout.
Dr. C
  • #2,114
  • Jul 23, 2010 10:36am Jul 23, 2010 10:36am
Quoting TheLastCoke
EUR/CHF Right at LTL. Since it broke the 4H TL and bounced off the Monthly I see this as a nice set up.

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I was shaken out beautifully.

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  • #2,115
  • Jul 23, 2010 10:43am Jul 23, 2010 10:43am
Quoting TheLastCoke
EUR/USD Can't see a clear entry but the pennat like action on 15M can give us a clue.

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Should have trusted my TL a bit more. (but it didn't make a HH)

BTW, still flat

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  • #2,116
  • Jul 23, 2010 10:44am Jul 23, 2010 10:44am
Quoting TheLastCoke
I was shaken out beautifully.

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Hey TLC may I ask, do you set buy/sell options or do you watch the 1min chart to buy/sell?

Also would you re-enter if you had been shaken out but thought would now go the opposite way?

thanks
"Millionaires don't use astrology, billionaires do"
  • #2,117
  • Jul 23, 2010 10:56am Jul 23, 2010 10:56am
Quoting forex_growth
Hey TLC may I ask, do you set buy/sell options or do you watch the 1min chart to buy/sell?

Also would you re-enter if you had been shaken out but thought would now go the opposite way?

thanks
If I can't be in from of my pc, I prefer to stay out. Don't like pending orders unless it is a very SPECIAL setup. I try to draw my TL's as precise as possible to get a ''to the pip bounce'' so I save the noise of samaller TF's. There are tons of opp waiting out there, If I miss the train, chances are I'll wait for the next one. There is a setup for every trade; in order for me to keep a very high RRR I restrain myself from entering once it is half way my original targets. If it didn't work at once I will probably discard the trade.
  • #2,118
  • Jul 23, 2010 11:04am Jul 23, 2010 11:04am
I can see that the market seems drawn like a bunch of flies, to the TL's. Never concentrated on it before the Master showed me.
  • #2,119
  • Jul 23, 2010 11:12am Jul 23, 2010 11:12am
Quoting TheLastCoke
If I can't be in from of my pc, I prefer to stay out. Don't like pending orders unless it is a very SPECIAL setup. I try to draw my TL's as precise as possible to get a ''to the pip bounce'' so I save the noise of samaller TF's. There are tons of opp waiting out there, If I miss the train, chances are I'll wait for the next one. There is a setup for every trade; in order for me to keep a very high RRR I restrain myself from entering once it is half way my original targets. If it didn't work at once I will probably discard the trade.
cool thanks duly noted! PS: RRR's?
"Millionaires don't use astrology, billionaires do"
  • #2,120
  • Jul 23, 2010 11:13am Jul 23, 2010 11:13am
Quoting TheLastCoke
AUD/JPY Valid Gartley. I might regret this but I'm not going in.

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Very conservative Target

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