yup ej for sure had a buying climax on nfp day ...
Cheers
petar
"Buy on fear, sell on greed !!!
- #3,481
- Sep 6, 2010 7:12pm Sep 6, 2010 7:12pm
- | Commercial User | Joined May 2009 | 5,751 Posts
Cheers
petar
- #3,482
- Sep 6, 2010 7:16pm Sep 6, 2010 7:16pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Hey malc please i just post my charts,i dont trade same as you and everyone has own strtegy.As i said i use Volume to recognaze better swings that is most important for me and i love to see when traders take some pips.I am 50 pips + on eurusd also my AUDUSD sell trigered...
Cheers
petar
nice little no demand bar off a double top
30 pip stop for 250 pip reward
Blogging daily now at www.volume.zone
- #3,483
- Sep 6, 2010 7:21pm Sep 6, 2010 7:21pm
- | Commercial User | Joined May 2009 | 5,751 Posts
aud I like ...and am also in at 9160 , but based on daily futures..
nice little no demand bar off a double top
30 pip stop for 250 pip reward
Attachment
As i said you are great traders but my advice try to improve your trading for maybe better way and maybe some addition.I never trade according one or two books.For me profesional trading is trading based on your eyes not eyes from others guys.I respect book from Tom V. i read that book but i took from that book just what i think it is for my style of trading (personality)...That is my advice for everyone> Learn to trade with your eyes and use forums just if you want to see diferent views...
Cheers
Petar
"Buy on fear, sell on greed !!!
- #3,484
- Sep 6, 2010 8:30pm Sep 6, 2010 8:30pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
GOod
That is my advice for everyone> Learn to trade with your eyes and use forums just if you want to see diferent views...
Cheers
Petar
do not fix what is not broken
everyone looks for gartleys , fibs , tl etc etc etc , but look at 60 min eu , gu or any other pairs and draw simple horizontal s/r lines .... pretty easy when used with a bit of vsa
this is why I like murrey math lines ... lazy mans way of getting all the s/r lines on a chart
Blogging daily now at www.volume.zone
- #3,486
- Sep 6, 2010 11:13pm Sep 6, 2010 11:13pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
look for any further signs strength euro
I hit this one 2nd bottom my risk is very small
I hit this one 2nd bottom my risk is very small
Blogging daily now at www.volume.zone
- #3,489
- Sep 7, 2010 2:30am Sep 7, 2010 2:30am
- Joined Dec 2009 | Status: Trader | 2,367 Posts
Hi everyone, I got a question about adding-up positions. I know we should add on sucessful tests/no supply. What I don't know is where I should put the stop loss of this add-on trade, and what should be the add-on amount comparing to the amount of money invested already? I find adding positions a money maker manouvre, but I don't know to control the risk with it.
And is there any other situation where we should add, like reaching a trendline or support with low volume?
As a rule of thumb .....'NEVER add to a losing position, ALWAYS add to a winning position IF the chance arises'.
In general I only tend to take high probability trades. I will work out how much to risk based on my particular strategy and away I go. From here I will add to my trade ONLY if I believe I find a virtually guaranteed continuation marker.
Before you all start shouting about there being no guarantees in forex, you're all correct however check out the following trades. The NDs at the 2nd chance entry points are so incredibly powerful, they almost never fail. Of course the bars arround the ND have to be right aswell. If I see one of these while I'm in a trade I will add HEAVILY to my position. The add on will be several times my original risk. I will tighten my SL accordingly. When price has fallen a bit I will move the SL to BE on the 2nd entry point. From that point in time onwards, I can't lose.
The amount to add on is up to you but you should never risk more than you can afford to lose.
Having said that, I believe that adding to wining positions is the KEY to making money in forex. If you have a 'sure thing' then trade it to the hilt.
I'm sure if some traders saw my risk % on some of these trades they'd do their raving nana
Mind you, if I was trading with all those wiggly lines, I'd never risk much either
- #3,491
- Sep 7, 2010 4:15am Sep 7, 2010 4:15am
- | Joined Nov 2007 | Status: Trader | 1,157 Posts
Thanks Jasus.
As a rule of thumb .....'NEVER add to a losing position, ALWAYS add to a winning position IF the chance arises'.
In general I only tend to take high probability trades. I will work out how much to risk based on my particular strategy and away I go. From here I will add to my trade ONLY if I believe I find a virtually guaranteed continuation marker.
Before you all start shouting about there being no guarantees in forex, you're all correct however check out the following trades. The NDs at the 2nd chance entry points are so incredibly...
Take note to add Intel charts to Intel.doc or vsa.doc.
- #3,493
- Sep 7, 2010 4:56am Sep 7, 2010 4:56am
- | Commercial User | Joined May 2009 | 5,751 Posts
Hello everyone i took eurjpy sell and eurusd sell looks very good to me..On EURUSD we have low volume on stront TL (Chanel),eurjpy is based on High volume on UP bar with sup-res confirm...
Cheers
Petar
This is my update :
EURJPY finished +110 pips and EURUSD is current +85 pips (SL be) wait lower TL to test,also AUDUSD +40
"Buy on fear, sell on greed !!!
- #3,494
- Sep 7, 2010 6:12am Sep 7, 2010 6:12am
- | Joined Nov 2007 | Status: Trader | 1,157 Posts
My 3rd VSA Trade (Live).
Executed Order.
GBP/USD - Long
Date: 3-Sep-10
Time: FxPro 9:15
Entry: 1.5435
SL: 1.5385 (-50 pips)
TP: 1.5485 (+50 pips)
Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Hull is Green on H1 and M15.
Signal Bar is Up, same with previous Price Bar Up,now with Volume increase from previous bar.
Then Red Price bar and a Doji to Test No Supply.
Entry was a few hours before Non-Farm Payroll news.
Attached:
M15 Entry, SL, TP.
I will inform of exit result no matter it is profit or loss.
Final Result.
The above order hit TP: 1.5485 ( +50 pips).
** Please comment on analysis.
Thanks,
FB.
Executed Order.
GBP/USD - Long
Date: 3-Sep-10
Time: FxPro 9:15
Entry: 1.5435
SL: 1.5385 (-50 pips)
TP: 1.5485 (+50 pips)
Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Hull is Green on H1 and M15.
Signal Bar is Up, same with previous Price Bar Up,now with Volume increase from previous bar.
Then Red Price bar and a Doji to Test No Supply.
Entry was a few hours before Non-Farm Payroll news.
Attached:
M15 Entry, SL, TP.
I will inform of exit result no matter it is profit or loss.
Final Result.
The above order hit TP: 1.5485 ( +50 pips).
** Please comment on analysis.
Thanks,
FB.
- #3,495
- Sep 7, 2010 7:15am Sep 7, 2010 7:15am
Hello guys i just woke up,
This is my update :
EURJPY finished +110 pips and EURUSD is current +85 pips (SL be) wait lower TL to test,also AUDUSD +40
Good luck for tomorrow.
Your charts are Very helpful and you post on time. Thanks.
Regards
Wajid.
- #3,496
- Sep 7, 2010 7:17am Sep 7, 2010 7:17am
- | Commercial User | Joined May 2009 | 5,751 Posts
Nice day petar.
Good luck for tomorrow.
Your charts are Very helpful and you post on time. Thanks.
Regards
Wajid.
"Buy on fear, sell on greed !!!
