Anyone closed longs and tp? For me taking profit is much harder to decide than making entry.
2 breakout buy strategy TF15 & all profits
Silent Reader with Ninja style, LOL!
[font="]Ok people!!! Stop the F¤%& BULLSHIT
Please write something we want to read...
Not what your position is, unless you can give us a reason why you have it and how you came to the conclusion and back it up if possible...
In other words.... if you have something we might laugh, find interesting or can benefit from post it... If not ----> leave it out...
If you don't understand this please... just stop trading...
And Egypt we talked about this last year.. take your time and translate to English...
1) price is stalling
2) price has broken below up channel/trendline
3) Price has broken below previous candles low
4) price has hit a resistance level at 3218
5)Moving averages are slowly turning (Do not use MA's to enter position just visually to help determine strength)
bais is now a pull back to 76 fib @3196
entry short will be on a retest of the 3218 and then break below previous candle lows. (i.e 123 setup)
S/L is 1or 2 pips above 3221
Wish you all the best
- #278,263
- Aug 5, 2010 6:15am Aug 5, 2010 6:15am
- | Joined Sep 2009 | Status: Unusual trader | 1,061 Posts
- #278,264
- Aug 5, 2010 6:22am Aug 5, 2010 6:22am
- Joined Jul 2010 | Status: Trader | 1,778 Posts
making green pips large and red pips small this is my goal.
- #278,265
- Aug 5, 2010 6:27am Aug 5, 2010 6:27am
- Joined May 2009 | Status: Re-member | 6,497 Posts
Hows this?
1) price is stalling
2) price has broken below up channel/trendline
3) Price has broken below previous candles low
4) price has hit a resistance level at 3218
5)Moving averages are slowly turning (Do not use MA's to enter position just visually to help determine strength)
bais is now a pull back to 76 fib @3196
entry short will be on a retest of the 3218 and then break below previous candle lows. (i.e 123 setup)
S/L is 1or 2 pips above 3221
Wish you all the best
Well, as long as it works for you its fine...
And never forget that...But... I would not trade that way, mainly because of the low timeframe you are using... If you are alone seeing it, its not worth looking at... I use 5M Heiken Ashi for entry with precision... Because it works more than 50% of the times in my case... But the direction is determined from weekly or daily charts...
There is always so many indicators and PA's to look at so you can always trade in any direction... The difference comes when you are able to execute in a imilar fashion... In other words, you can only be unlucky so many times.... these are just my opinions...
I also believe that less trades gives more profit... Flicking over to the daily weekly chart this is self explanatory... But if you can catch a daily or even weekly trend with 5M precision, we are talking an extreme risk/reward....
- #278,266
- Aug 5, 2010 6:27am Aug 5, 2010 6:27am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #278,267
- Aug 5, 2010 6:27am Aug 5, 2010 6:27am
EurUsd Bull train has paused, it seems some arrived at destination and tp.
Well profit is profit, i dont take it for granted.
Just a coincidence or it seems thursday is a really good day to observe.
1 month straight always a bull.
Well profit is profit, i dont take it for granted.
Just a coincidence or it seems thursday is a really good day to observe.
1 month straight always a bull.
- #278,268
- Aug 5, 2010 6:30am Aug 5, 2010 6:30am
- | Joined Sep 2009 | Status: Unusual trader | 1,061 Posts
- #278,269
- Aug 5, 2010 6:31am Aug 5, 2010 6:31am
- Joined Jul 2010 | Status: Trader | 1,778 Posts
making green pips large and red pips small this is my goal.
- #278,270
- Aug 5, 2010 6:34am Aug 5, 2010 6:34am
- Joined Apr 2009 | Status: Trader | 4,214 Posts
EurUsd Bull train has paused, it seems some arrived at destination and tp.
Well profit is profit, i dont take it for granted.
Just a coincidence or it seems thursday is a really good day to observe.
1 month straight always a bull.
- #278,272
- Aug 5, 2010 6:37am Aug 5, 2010 6:37am
- | Joined Sep 2009 | Status: Unusual trader | 1,061 Posts
- #278,273
- Aug 5, 2010 6:37am Aug 5, 2010 6:37am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #278,276
- Aug 5, 2010 6:43am Aug 5, 2010 6:43am
[quote=jimmyloz;3918210]Hello traders i think about that what else ? 
http://nsa17.casimages.com/img/2010/...1542578585.jpg
http://nsa16.casimages.com/img/2010/...5855547133.png
other analysis on my blog http://foxtrade-foxtrade.blogspot.com/
http://nsa17.casimages.com/img/2010/...1542578585.jpg
http://nsa16.casimages.com/img/2010/...5855547133.png
other analysis on my blog http://foxtrade-foxtrade.blogspot.com/
- #278,278
- Aug 5, 2010 6:49am Aug 5, 2010 6:49am
- Joined Oct 2008 | Status: Sentiment and Global Macro | 2,321 Posts
- #278,279
- Aug 5, 2010 6:51am Aug 5, 2010 6:51am
- | Joined Sep 2009 | Status: Unusual trader | 1,061 Posts
Well, as long as it works for you its fine...
But......
i dont really pick a direction that i only trade for that day.. i use the price action to determine.. for instance if price breaks above a few candles bais will then be bullish using 76% fib as support.. wait for a pull back then break above again to enter.. and i just repeat the process...
good luck..
