my trade

ok thats it folk! im done for today

see you all tonite/early morning hey, Ciao!

last one before i go to work


http://img541.imageshack.us/img541/9084/verycool.png

http://img192.imageshack.us/img192/8171/cool2f.png



huh now i feeeel better, Ciao!

Just wondering do you guys take counter trend trades? just saw the stall and shorted.

Few trades at Frankfurt open today. I called it a day after these, 9.25% for the week so that's close enough to weekly target to want to protect profits!

First trade was a fake break, followed by a BE (entered a bit late on this one) and then a few pips won. I needed it to move 2 pips further but it wasn't to be

Think I will have a lie in tomorrow!!

Good trading everyone

Hey google, nice trade but I think it's a higher risk one.

I think your call is right, BUT.. price might continue up further before the actual reversal.

What this trade is a very early entry on a new trend direction, we have already had a lower low and we are now supposing we are having a lower high. This is a sound view in my book, as the candles are also confirming this at 2818 - which is a strong S/R level on eurusd.

My take on this would be to notice what you did, but then wait until a candle closes below the rainbow as in my entry (1.) As it is an early entry on a new trend direction I would look to move to BE quickly.

The next possible entry for me would be if the last candle on your screen closes outside the rainbow (2.)

However - a warning flag is the last low was the same level as the previous low, so again I would want to get to BE quickly incase price bounced on this level again. If I get to BE I can sit back and hope it breaks this low this time! I like my entries to be far enough away from a bounce line like this to give me time to get to BE, so that may be something to consider also.

But will done on some great pips mate

Well done buddy, nice trading

Do you use martingale on your trade sizes? I would imagine if you do this would add a lot of stress to your trading? Just wondering if using the same trade size on each entry would help you focus on spotting your setup each time - which we all know you are so good at. I think the rope/slope is the best method I have seen and martingale-style seems a risk to an otherwise low risk method?

Just my thoughts mate!

http://img821.imageshack.us/img821/7091/10424661.png

no , not necessarily martingale that is to slow for me. im more aggressive than that. i used combination of sequence depend on what in my mind, for info ... please read FTI's thread "technical analysis fallacy".

if you read my thread from the beginning you will know that im reading the price behaviour try to feel the dance except i use "the pipe" to map out and "the rope" to execute all my trade and finally " priceline break out" to increase or add more positions( as long as the comb still intact).

good to see you exploring the possibility and experimenting difeerent style using MMA

have a look at 3 hour chart of eur/yen you will see the compression.

put the candle on you will see the support at around 109.30 draw the horizontal line there!

now switch the chart to 10 second and you will see the price just bounced from there, spot the rope and execute the trade you done for today !

from 3 hour chart prespective , execute every rope pattern on 10 second chart , its your choice how much you wanna bet

http://img818.imageshack.us/img818/8466/amazing.png

when the 10 sec chart keep on bouncing around the support of 3 hour chart, the slope on 3 hourchart will exhibit downwards .

and my rule are = rope + slope = direction

something like that

i think im talking too much , help me out guys my learning has to progress so i have to measure my progress.

by sharing ideas i got plenty questions from others but also got variety different solutions from them, like a kid in the candy store to play with the question and answer, add little ingenuity the system was created


need some coffee

did you see on 10 second chart euro/yen how many times its boucing around and the rope keep popping out all the time

4 pips x 4 trade = $1600


lol just kidding

hi ben nice pips,

ucad +113pips for today

sorry guys i need to focus when im trading

http://img21.imageshack.us/img21/9693/nostressg.png

great job mrhb

and this is also for google and who ever like to play with MMA

explore and practice the combination of MMA(multiple moving average), find wht suit you best, i use 1 - 40 others may have different combo.

things to scan on your chart:

flat spine + choppy flame + compression

flame= average price line chart

spine = biggest moving average of your mma

just an ideas

any questions just shoot we are sharing ideas and keep the positivity flow

by contolling the exposure i have flexibility to trade and eliminate unnecessary pressure such as greed, fear and most of all EGO.

now i can monitor the price "dance" fluctuation and reading the price/traders behaviour, watching the fight between bulls and bears and ..... react to it with calm mind and reasons, to execute the highest probability trades by using "the rope set-up" and to increase the positions by using combination of sequences.

to attack when the pair is weaken and to rescue when the positions are in trouble but most important thing is to bail out and accept the sweating finger without complain!

http://img299.imageshack.us/img299/4566/mrhab.png

hot ride

http://img508.imageshack.us/img508/271/hardp.png