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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #3,901
  • Aug 25, 2010 6:53am Aug 25, 2010 6:53am
LOSS trade of the day .......any comments welcome
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FxHome
  • #3,902
  • Aug 25, 2010 6:56am Aug 25, 2010 6:56am
No real signs of momentum shifting there imho bro
keep up the good work!
  • #3,903
  • Aug 25, 2010 6:57am Aug 25, 2010 6:57am
i.e.

it is different from here

http://www.forexfactory.com/showpost...postcount=3898
  • #3,904
  • Aug 25, 2010 6:59am Aug 25, 2010 6:59am
Quoting Muhammad989
LOSS trade of the day .......any comments welcome
Just my advice ,


Work one max 2 pairs with this strategy my advice work just EURUSD ,


CHF is very dangerus pair to trade if yo dont have exp with it...




Cheers


Petar
"Buy on fear, sell on greed !!!
  • #3,905
  • Aug 25, 2010 7:45am Aug 25, 2010 7:45am
thnx for the comments....i m thinking wat u said.
FxHome
  • #3,906
  • Aug 25, 2010 9:03am Aug 25, 2010 9:03am
Quoting Muhammad989
LOSS trade of the day .......any comments welcome
You never should have let it hit your SL imho. The next two candles were pins in the opposite direction, which should have told you that there were buyers that absorbed the selling that took place in the 10 minutes after "your" pin was formed. When doing CT trades, if it doesn't break hard, get out fast. You've had your chance to get out at or around breakeven there, mate.
It's not about how much you make, it's about how much you don't lose.
  • #3,907
  • Aug 25, 2010 9:24am Aug 25, 2010 9:24am
Quoting Dhb
You never should have let it hit your SL imho. The next two candles were pins in the opposite direction, which should have told you that there were buyers that absorbed the selling that took place in the 10 minutes after "your" pin was formed. When doing CT trades, if it doesn't break hard, get out fast. You've had your chance to get out at or around breakeven there, mate.
I agree with you. Your observations are very insightful. I have learned a lot about your advices.

Thanks
If I Change, the whole World changes!
  • #3,908
  • Aug 25, 2010 9:47am Aug 25, 2010 9:47am
Quoting Dhb
You never should have let it hit your SL imho. The next two candles were pins in the opposite direction, which should have told you that there were buyers that absorbed the selling that took place in the 10 minutes after "your" pin was formed. When doing CT trades, if it doesn't break hard, get out fast. You've had your chance to get out at or around breakeven there, mate.
Hi Dhb,

I´d like to know how to operate Pinbar, BUOB/BEOB when Trend is Flat? Do you have Chart to show it?

Thank you
If I Change, the whole World changes!
  • #3,909
  • Aug 25, 2010 9:51am Aug 25, 2010 9:51am
Quoting Forex Girl
Hi Dhb,

I´d like to know how to operate Pinbar, BUOB/BEOB when Trend is Flat? Do you have Chart to show it?

Thank you
Run the range, or just staying out is always a viable option
I'm not Dhb though so that's my bad lol
I dream, therefore I become.
  • #3,910
  • Aug 25, 2010 10:01am Aug 25, 2010 10:01am
actually i set sl and TP 1ST 1:1 rr AFTER hit tp1 then i set My sl BE .Price was just kiss my way n ran away after that u see price just hit Both TPs ......its heppend np...btw thx your commenets.



Quoting Dhb
You never should have let it hit your SL imho. The next two candles were pins in the opposite direction, which should have told you that there were buyers that absorbed the selling that took place in the 10 minutes after "your" pin was formed. When doing CT trades, if it doesn't break hard, get out fast. You've had your chance to get out at or around breakeven there, mate.
FxHome
  • #3,911
  • Aug 25, 2010 10:17am Aug 25, 2010 10:17am
Quoting Muhammad989
actually i set sl and TP 1ST 1:1 rr AFTER hit tp1 then i set My sl BE .Price was just kiss my way n ran away after that u see price just hit Both TPs ......its heppend np...btw thx your commenets.
I was thinking about that, you know. I was wondering what TP you had in mind, because it did look like you could have made 1:1. Still, if it came that close to your TP, you still should have bailed when it got back to almost B/E.

Capital preservation is king. If you save your capital, you live to fight another day. Think about it. If you had an account of e.g. $ 500,000, and you risked 1%, or $ 5,000, on this trade. Would you have let your trade get stopped out for a loss of $ 5,000 when it was up $ 4,850? I don't think you would. The least you would have done is move your stop to B/E.
It's not about how much you make, it's about how much you don't lose.
  • #3,912
  • Aug 25, 2010 10:36am Aug 25, 2010 10:36am
Quoting mike w
Run the range, or just staying out is always a viable option
I'm not Dhb though so that's my bad lol
Mike's right. If the BB is flat, you can either stay out, which is probably the best thing to do in most cases, or you can take pins, or other PA that indicates a reversal, that pierce the outer BB (see chart). Be careful not to search for trades when the BB is flat, because you will always find something to trade. It will cost you most of the time. Only take setups that "beg" to be traded.

When trading flat BB's, take the mid BB as initial profit target, and if price manages to get past that, the opposite side of the BB should be next. And remember to move your stop to B/E people. Without capital a trader cannot do his/her thing.

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It's not about how much you make, it's about how much you don't lose.
  • #3,913
  • Aug 25, 2010 10:51am Aug 25, 2010 10:51am
Here are a few scalp trades I was able to make this morning... This method is still a major part of my trading plan, although I really do like to fade the ema 60 with the trend...

Cheers
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  • #3,914
  • Aug 25, 2010 11:53am Aug 25, 2010 11:53am
hey dan, how u been
  • #3,915
  • Aug 25, 2010 1:28pm Aug 25, 2010 1:28pm
OK....
Thank you, Mike and Dhb....
If I Change, the whole World changes!
  • #3,916
  • Aug 25, 2010 1:41pm Aug 25, 2010 1:41pm
6p risk looking for 20+ or leave overnight

peaceeeee
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  • #3,917
  • Aug 26, 2010 9:52am Aug 26, 2010 9:52am
I only opened up my MT4 platform a few seconds ago, so I'm only in time to spot the setup after the fact, unfortunately. Hope someone here took this beautiful A+ trend pin on EJ that formed half an hour ago. This is what you should be looking for, people. These are the best and easiest ones.

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It's not about how much you make, it's about how much you don't lose.
  • #3,918
  • Aug 26, 2010 10:24am Aug 26, 2010 10:24am
Quoting Dhb
I only opened up my MT4 platform a few seconds ago, so I'm only in time to spot the setup after the fact, unfortunately. Hope someone here took this beautiful A+ trend pin on EJ that formed half an hour ago. This is what you should be looking for, people. These are the best and easiest ones.

Attachment
I dream, therefore I become.
  • #3,919
  • Aug 26, 2010 12:28pm Aug 26, 2010 12:28pm
Hi to all
I've a question...
Is this system good only with Heikin Ashi bar ?
Many thanks and sorry for my bad English
Ciao
Il successo si condensa in pochi attimi.Buddy Fox
  • #3,920
  • Aug 26, 2010 4:43pm Aug 26, 2010 4:43pm
Quoting alt.end
Hi to all
I've a question...
Is this system good only with Heikin Ashi bar ?
Many thanks and sorry for my bad English
Ciao
No, HA bars nothing to do with this
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