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my trade

  • #1,221
  • Aug 17, 2010 7:26am Aug 17, 2010 7:26am
Quoting google
This one worked out kinda nice. Ben I was reading and you mentioned that one should pick one pair and stick with it. Should i do that because at the moment i am watching 4 pairs on 1min.
Thanks
Hey google, nice trading

Personally I've found myself to be more successful when using 1 pair. I can focus on it entirely and fill my screens with it! This is critical when using 5sec in my opinion, but if you use 1min you may find more pairs works for you.

RisingSun does excellently whilst watching 2-4 pairs at the same time on 1-5min, I believe he looks for a corresponding move across all the pairs he watches to give confirmation of the setup.

So it's really a case of finding what works for you and your style.

Having said this, I think your trading time is the important thing - if you can only trade in Tokyo session try eurjpy for example. I trade in open of Frankfurt and London so I trade eurusd exclusively. It always has 0.9pip spread which suits my style.
  • #1,222
  • Aug 17, 2010 7:33am Aug 17, 2010 7:33am
Todays Frankfurt and London open.

I applied more filtering since yesterday, all entries using candlesticks. Tomorrow I'll add more filtering to stay out of congested areas (whilst rope forms!)

I used manual trail of SL to exit most of the trades - won me more pips than manual close. But I did make a mistake at 7.16 trade, opps!
Attached Image (click to enlarge)
Click to Enlarge Name: 17.jpg Size: 184 KB
  • #1,223
  • Aug 17, 2010 8:11am Aug 17, 2010 8:11am
Quoting ben10
are you using pipe set up or narrow compression set up? why would you to put limit order in there? the reason?

i try to think what you had in mind for that pair
hi ben,

thanks for your explanation for it,
please advise i had gu on 5mtf and 1mtf

brgds,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gum1.gif Size: 27 KB
Click to Enlarge Name: gum2.gif Size: 31 KB
  • #1,224
  • Aug 17, 2010 9:29am Aug 17, 2010 9:29am
Thanks Ben for the respond. In couple weeks i will be able to trade New York open for couple hours. Would EU still be a good choice to trade during New York.?
  • #1,225
  • Aug 17, 2010 9:47am Aug 17, 2010 9:47am
Quoting google
Thanks Ben for the respond. In couple weeks i will be able to trade New York open for couple hours. Would EU still be a good choice to trade during New York.?
Ffrank - not Ben mate
New York open is also brilliant for eurusd. I don't trade it (I am at work during the day, until I can make the jump!), but often watch it.

If you can get to your screen shortly before New York open, you should normally get a good move at the open or in the hour following.

Others may have more input regarding New York trading!

Cheers
  • #1,226
  • Aug 17, 2010 9:58am Aug 17, 2010 9:58am
Quoting Ffrank
Ffrank - not Ben mate
lol
  • #1,227
  • Aug 17, 2010 10:01am Aug 17, 2010 10:01am
http://img842.imageshack.us/img842/1226/20897301.png

hi Google, here is my opinion : just trade "the rope" anytime you like, only the rope! no rope no trade!
  • #1,228
  • Aug 17, 2010 10:15am Aug 17, 2010 10:15am
Quoting mrhb30jr
hi ben,

thanks for your explanation for it,
please advise i had gu on 5mtf and 1mtf

brgds,
if you dont mind me asking ....what is your best setup to trade, using mma?

http://img842.imageshack.us/img842/9452/mrhb.png

excellent trade by the way
  • #1,229
  • Aug 17, 2010 10:22am Aug 17, 2010 10:22am
Quoting Ffrank

Personally I've found myself to be more successful when using 1 pair. I can focus on it entirely and fill my screens with it! This is critical when using 5sec in my opinion,

So it's really a case of finding what works for you and your style.

Having said this, I think your trading time is the important thing - if you can only trade in Tokyo session try eurjpy for example. I trade in open of Frankfurt and London so I trade eurusd exclusively. It always has 0.9pip spread which suits my style.
good one Ffrank ! thanks

i saw your chart , you got 2 hours trading continuously
  • #1,230
  • Aug 17, 2010 10:37am Aug 17, 2010 10:37am
http://img42.imageshack.us/img42/9444/benl.png
  • #1,231
  • Aug 17, 2010 10:43am Aug 17, 2010 10:43am
she want to play fast finger with moi, challenge me

http://img831.imageshack.us/img831/6461/5pip.png
  • #1,232
  • Aug 17, 2010 10:47am Aug 17, 2010 10:47am
if you guys spot the rope , please shout! any time frame , any pair will do! im hungry for pips
  • #1,233
  • Aug 17, 2010 10:48am Aug 17, 2010 10:48am
Quoting ben10
if you guys spot the rope , please shout! any time frame , any pair will do! im hungry for pips
AUDUSD 1min. I'm short now. waiting for it to turn back down.
  • #1,234
  • Aug 17, 2010 10:53am Aug 17, 2010 10:53am
Quoting Magic Trader
AUDUSD 1min. I'm short now. waiting for it to turn back down.
9067 im short , stop 9075
  • #1,235
  • Aug 17, 2010 11:03am Aug 17, 2010 11:03am
http://img714.imageshack.us/img714/2433/15739559.png

im gonna make cuppa, want one?
  • #1,236
  • Aug 17, 2010 11:03am Aug 17, 2010 11:03am
Quoting ben10
if you dont mind me asking ....what is your best setup to trade, using mma?

http://img842.imageshack.us/img842/9452/mrhb.png

excellent trade by the way

hi ben,

please correction me if i made mistake
enclosure 5mtf gu see the chart yellow circle A and B i'll take the trade


brgds,
Attached Image (click to enlarge)
Click to Enlarge Name: gum3.JPG Size: 105 KB
  • #1,237
  • Aug 17, 2010 11:13am Aug 17, 2010 11:13am
Quoting ben10
http://img714.imageshack.us/img714/2433/15739559.png

im gonna make cuppa, want one?
I'm averaged at .90637. Let's take it down 20 pips
  • #1,238
  • Aug 17, 2010 11:16am Aug 17, 2010 11:16am
Quoting mrhb30jr
hi ben,

please correction me if i made mistake
enclosure 5mtf gu see the chart yellow circle A and B i'll take the trade


brgds,
thats very much correct imo.

now back to magic trader 1 minute aud/usd. the chart telling me that the trend is in question as she consolidate , could be nearly finish the trend for 1 minute chart unless she penetrate above 9075
  • #1,239
  • Aug 17, 2010 11:24am Aug 17, 2010 11:24am
ouch!

http://img838.imageshack.us/img838/1109/ouchs.png

waiting for the smoother slope to penetrate the priceline
  • #1,240
  • Aug 17, 2010 11:25am Aug 17, 2010 11:25am
Quoting ben10
ouch!

http://img838.imageshack.us/img838/1109/ouchs.png

waiting for the smoother slope to penetrate the priceline
I dont usually trade this pair. And now I can see why. But I'm still holding thinking we might have hit a top for the day.
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