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my trade

  • #1,001
  • Aug 9, 2010 10:11am Aug 9, 2010 10:11am
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  • #1,002
  • Aug 9, 2010 10:19am Aug 9, 2010 10:19am
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  • #1,003
  • Aug 9, 2010 11:03am Aug 9, 2010 11:03am
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  • #1,004
  • Aug 9, 2010 11:16am Aug 9, 2010 11:16am
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  • #1,005
  • Aug 9, 2010 11:27am Aug 9, 2010 11:27am
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  • #1,006
  • Aug 9, 2010 11:47am Aug 9, 2010 11:47am
ok guys thats that
  • #1,007
  • Aug 9, 2010 2:48pm Aug 9, 2010 2:48pm
Hey guys, great charts everyone, loving it. Brilliant trading RisingSun and Ben

Sorry I haven’t been on much – no trading Friday. Traded today entries were ok, exits not so good.

I’ve just added some pipes/compression/slope trades to the chart retrospectively, what do you think?

I’m wondering how quickly we can enter these entries. If the slope is obvious – an entry before breakout may be higher risk than a break out, but it may also give time to move to BE, where as a breakout may stall and take one further retrace. I'll have a play in tomorrow session - 1 unit trading again this week.
Attached Image (click to enlarge)
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  • #1,008
  • Aug 9, 2010 6:05pm Aug 9, 2010 6:05pm
Quoting ben10
risingsun, do you always looking to trade 10 pips priceline(grid sapcing) target?
not necessarily, ben. it so happened that the pipe lines were 10 pips apart in case of the previous post.

i do however widen or shrink the vertical price scale of chart at 10 pips so that all charts of the 4 pairs i look/trade are in an equal scale pip-wise vertically. same for the time scale (horizontal scaling).

i am talking about the m1 charts for the 4 pairs, displayed in one screen here.

in this way, i am hoping to avoid jumping on tiny moves or panic on seemingly huge moves.

i also always compare the moves between the***usd, gbp*** or ***jpy pairs. for example, if gbpusd is climbing, do i see the climb too on gbpjy or eurusd, to verify if it is the gbp or usd that is driving the move, etc. a chicken mentality
  • #1,009
  • Aug 9, 2010 7:59pm Aug 9, 2010 7:59pm
http://img685.imageshack.us/img685/4613/17447833.png
  • #1,010
  • Aug 9, 2010 8:06pm Aug 9, 2010 8:06pm
Quoting Ffrank
I’m wondering how quickly we can enter these entries. If the slope is obvious – an entry before breakout may be higher risk than a break out, but it may also give time to move to BE, where as a breakout may stall and take one further retrace. I'll have a play in tomorrow session - 1 unit trading again this week.
i found that if we were to trade high equity with full margin, the minute we enter and the trade shows some pip/s get out immedeatly and wait for another setup. so does for losing trade, its actually depend upon how fast the finger can clikc , just IMO!
  • #1,011
  • Aug 9, 2010 8:20pm Aug 9, 2010 8:20pm
Quoting RisingSun
not necessarily, ben. it so happened that the pipe lines were 10 pips apart in case of the previous post.
its seems better way to map out the pre-plan trade target using pricelines(gridspacing), also like to see more of your yellow long pipe(your chart).

Quoting RisingSun
i do however widen or shrink the vertical price scale of chart at 10 pips so that all charts of the 4 pairs i look/trade are in an equal scale pip-wise vertically. same for the time scale (horizontal scaling)..
a- ha i see, thank you.

Quoting RisingSun

i also always compare the moves between the***usd, gbp*** or ***jpy pairs. for example, if gbpusd is climbing, do i see the climb too on gbpjy or eurusd, to verify if it is the gbp or usd that is driving the move, etc. a
in that case i have an idea , could it better if we try to map out the move via synthetic :

usd/jpy x eur/usd = eur/jpy
eur/jpy : eur/usd = usd/jpy
eur/jpy : usd/jpy = eur/usd

every individual currency move will affect another one, just a thought!
  • #1,012
  • Aug 9, 2010 8:48pm Aug 9, 2010 8:48pm
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  • #1,013
  • Aug 9, 2010 8:53pm Aug 9, 2010 8:53pm
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  • #1,014
  • Aug 9, 2010 9:23pm Aug 9, 2010 9:23pm
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  • #1,015
  • Aug 9, 2010 9:28pm Aug 9, 2010 9:28pm
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  • #1,016
  • Aug 9, 2010 9:49pm Aug 9, 2010 9:49pm
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  • #1,017
  • Aug 9, 2010 9:51pm Aug 9, 2010 9:51pm
i dont know how fast my finger is but the computer connection was excellent

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  • #1,018
  • Aug 9, 2010 9:53pm Aug 9, 2010 9:53pm
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  • #1,019
  • Aug 9, 2010 10:02pm Aug 9, 2010 10:02pm
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  • #1,020
  • Aug 9, 2010 10:12pm Aug 9, 2010 10:12pm
Quoting ben10
http://img710.imageshack.us/img710/3664/28958604.png
This reversal signal is really great info, Ben. Please keep it coming.

Last night I refined my charts to make it more clear. Its starting to look a lot like RisingSun. He is on to something good.
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