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Triple taps

  • #61
  • Sep 21, 2010 9:55am Sep 21, 2010 9:55am
Quoting vijidas
This is what I meant by adding order to a running position which I posted on Trendline thread. Rather then trade one standard lot in one trade. I split them up into multiple trades netting more pips and reducing the risk.

If my first trade failed then I would have a chance to fight again with the remaining order. Net profit result is more or less equal or more but risk is considerably reduced.

Nice i go all in one trade .... ,5% to 1% risk on account , BUT never lower than a 1:2 ratio and I do not trade for sake of trading . A valid set up as the long i took this morning has to be there
Blogging daily now at www.volume.zone
  • #62
  • Sep 21, 2010 10:06am Sep 21, 2010 10:06am
Quoting malcolmb14
Nice i go all in one trade .... ,5% to 1% risk on account , BUT never lower than a 1:2 ratio and I do not trade for sake of trading . A valid set up as the long i took this morning has to be there

What trades are you currently in, Malcolmb?
  • #63
  • Sep 21, 2010 1:35pm Sep 21, 2010 1:35pm
just got out of u/j.....got my loss back. i double up one time after a loss. worked out great. at work on a pda....no time to eval
  • #64
  • Sep 21, 2010 1:37pm Sep 21, 2010 1:37pm
Quoting lawgirl21
What trades are you currently in, Malcolmb?
opps sorry did not see this till now ...

I have been in a gu long since 1st thing this morning. Check out my vsa thread for updates and how i called this up move before it happened...as mentioned yesterday pros leave footprints everywhere , like bullsi n a china shop.

also added to gu 1.5540 , eu 1.3130
Blogging daily now at www.volume.zone
  • #65
  • Sep 21, 2010 2:35pm Sep 21, 2010 2:35pm
Still in GU and UJ, but have taken half off table and moved other half to break even. PA followed the rules, but it was scary at times. Have more than made up for gold loss...I actually reentered gold long and made up for my $630 and then some.
  • #66
  • Sep 21, 2010 2:39pm Sep 21, 2010 2:39pm
Quoting lawgirl21
Still in GU and UJ, but have taken half off table and moved other half to break even. PA followed the rules, but it was scary at times. Have more than made up for gold loss...I actually reentered gold long and made up for my $630 and then some.
if you can on gu try holding as long as 1,5580 holds.

Daily is completing a cup and handle formation and if 1.5640 is broken to upside this plays out to 1.5980

look for tripe taps 1.5600 for longs.

1.5625 is s/r area on charts

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 168 KB
Blogging daily now at www.volume.zone
  • #67
  • Sep 21, 2010 2:50pm Sep 21, 2010 2:50pm
Quoting malcolmb14
if you can on gu try holding as long as 1,5580 holds.

Daily is completing a cup and handle formation and if 1.5640 is broken to upside this plays out to 1.5980

look for tripe taps 1.5600 for longs.

1.5625 is s/r area on charts

Attachment
Actually I have set a TP for 1.5660.
  • #68
  • Sep 21, 2010 2:54pm Sep 21, 2010 2:54pm
Quoting malcolmb14
if you can on gu try holding as long as 1,5580 holds.

Daily is completing a cup and handle formation and if 1.5640 is broken to upside this plays out to 1.5980

look for tripe taps 1.5600 for longs.

1.5625 is s/r area on charts

Attachment
I'm not understanding your attention to the daily charts when you are trading 15M charts, except for general trend.
  • #69
  • Sep 21, 2010 5:26pm Sep 21, 2010 5:26pm
Looks like you guys were busy today. I didn't have much time at work so just took the u/j. I'm happy. Still sitting at an 83% win ration.

G/U looks like it could have a third tap around 156.60 if it's symetrical. It's such a mixed bag on the indicators and tf's. Not sure I'm jumping so quick tonight.

Time to look over the charts!
  • #70
  • Sep 21, 2010 5:48pm Sep 21, 2010 5:48pm
Quoting lawgirl21
I'm not understanding your attention to the daily charts when you are trading 15M charts, except for general trend.

well trend is your friend as they say.

There are patterns that happens every session to gu if it is in a three day uptrend that we can take advantage of on a 15 min chart

Frankie fake out to downside
If buyers come in price may do one of 2 things ....
1) complete daily range in london session to upside , in which case you are hoping for a small dip and a double tap of daily highs in US session.
2) move up slightly then go into a sideways range till US markets get going , then when us markets get going daily range completes.

If daily range completes to upside then asia will be a down move 90% of the time

damn giving all my secrets away lol

There is NO random walk in the markets....

And iof course i have to know form the daily charts wehre all support and resistance levels area.

On another note and I posted this in my vsa thread. GU futures had a VERY low volume down day yesterday , called a test and means that NO sellers are really interested. 90% sure that today was an up move. It is a move by pros to drive prices down under low volume to accumulate at ' discount' . In gu's case 1.5500 today. I do not want to confuse this thread as most of this stuff is covered on my vsa thread and is not grasped overnight. As mentioned footprints of pros are everywhere .. all we got to do is understand what we are seeing. IE see a fast down move on eu in asia.... that is shake out look for longs for london etc etc
Blogging daily now at www.volume.zone
  • #71
  • Edited 7:00pm Sep 21, 2010 5:57pm | Edited 7:00pm
I like most of the jpy pairs. I think shorts on most...The long terms don't look real consistent but the indicators look pretty good....especially the 1hr tf

u/jpy

E/jpy

NZD/jpy - probably better because of the open markets.

USD/CHF

AUD/USD looks to be maxing up.
  • #72
  • Sep 21, 2010 6:01pm Sep 21, 2010 6:01pm
I'm watching E/J real hard!!! The 1hr TF looks nice for a short....taps on the upper line.

Resistance at 112.90

I know the trend looks up on the higher TF's but I think it's changing because of all the indicators....daily is somewhat maxed...a little tweek upward of the green tdi line...could change quick
  • #73
  • Edited 6:23pm Sep 21, 2010 6:12pm | Edited 6:23pm
7:05pm - I'm in on E/J....don't think it's an all night trade going straight down but good for 10-30 pips. Could be more...

1hr - The rsi is turning, green tdi is meeting red and starting over, stoch maxed up

30 min, 15min....stoch is somewhat maxed

rsi keeps turning over at the trendline on the lower tf's

4hr is maxed except tdi

daily is pretty well maxed on everything

Looks like a short to me. I'm in at 112.83 short

30min and 1hr turning down.

S/R is moving down with the line...112.886 seems to be the magic number for now...top resistance.
  • #74
  • Sep 21, 2010 6:20pm Sep 21, 2010 6:20pm
I see you like rsi. i used to once then I found rsx .... much smoother than rsi ... try this and see if you like.

looks like chart below

Attached File(s)
File Type: mq4 RSX.mq4   2 KB | 586 downloads


Attached File(s)
File Type: mq4 MA_of_RSX.mq4   4 KB | 576 downloads


Quoting cugir321
I'm in on E/J....don't think it's an all night trade but good for 10-30 pips.

1hr - The rsi is turning, green tdi is meeting red and starting over, stoch maxed up

30 min, 15min....stoch is somewhat maxed

rsi keeps turning over at the trendline on the lower tf's

4hr is maxed except tdi

daily is pretty well maxed on everything

Looks like a short to me. I'm in at 112.83 short

30min and 1hr turning down.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 168 KB
Blogging daily now at www.volume.zone
  • #75
  • Sep 21, 2010 6:22pm Sep 21, 2010 6:22pm
ej last 15 min down move some buy vol came in ....

Quoting cugir321
7:05pm - I'm in on E/J....don't think it's an all night trade going straight down but good for 10-30 pips. Could be more...

1hr - The rsi is turning, green tdi is meeting red and starting over, stoch maxed up

30 min, 15min....stoch is somewhat maxed

rsi keeps turning over at the trendline on the lower tf's

4hr is maxed except tdi

daily is pretty well maxed on everything

Looks like a short to me. I'm in at 112.83 short

30min and 1hr turning down.
Blogging daily now at www.volume.zone
  • #76
  • Sep 21, 2010 6:29pm Sep 21, 2010 6:29pm
just a little....I'm not worried.

Quoting malcolmb14
ej last 15 min down move some buy vol came in ....
  • #77
  • Sep 21, 2010 6:31pm Sep 21, 2010 6:31pm
I will...thanks. Actually Lawgirl turned me on to the rsi 3.

I always used stoch and tdi.

P.S. I just loaded it on my chart...it does smooth it a bit but I think I need the sharp movements of the rsi (3). It goes with the stoch and tdi movements. Thanks anyway...I will keep it on to compare.

Quoting malcolmb14
I see you like rsi. i used to once then I found rsx .... much smoother than rsi ... try this and see if you like.

looks like chart below

Attachment

Attachment
  • #78
  • Edited 7:00pm Sep 21, 2010 6:46pm | Edited 7:00pm
I'm going to stick my neck out to be cut off....I think E/J will fall at 8:00pm eastern time usa.

Cut me if I'm wrong!

-------------------

jpy pairs. I think shorts on most...The long terms don't look real consistent but the indicators look pretty good....especially the 1hr tf

u/jpy

E/jpy

NZD/jpy - probably better because of the open markets.

USD/CHF

AUD/USD looks to be maxing up.
  • #79
  • Sep 21, 2010 6:56pm Sep 21, 2010 6:56pm
Does anyone here use EAs?
  • #80
  • Sep 21, 2010 6:57pm Sep 21, 2010 6:57pm
Quoting cugir321
I'm going to stick my neck out to be cut off....I think E/J will fall at 8:00pm eastern time usa.

Cut me if I'm wrong!
looking for drop tokyo open ?

still do not like it...not till this tl on 5 breaks .. higher low pivots indicates breakout , although I often play the fakes out moves up before tokyo and sell them at tokyo open

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 159 KB
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