Nice move by GU.Did anyone else make money?
Attached Image (click to enlarge)
Hey everybody, today I took this trade as the picture attached.
I opened it at 7.35 a.m. (Italian time: GMT +2) @ 1.6020 after the previous high was taken, because the first entry signal was too early in the morning and I waited for the bounce on Gann 7 and the Open Line.
I closed the trade @ 1.6055 after 2 hours when it touched Resistance 1 with 35 pips gain
.
Sojmanie, I am glad you keep on posting your successful trades: they give me more stamina.
But Oke is ok? He's not posting for awhile...
Huh, did you see the mess of the afternoon (GMT+2 time) ? A lot of false signals but there were a lot of red news.
I opened it at 7.35 a.m. (Italian time: GMT +2) @ 1.6020 after the previous high was taken, because the first entry signal was too early in the morning and I waited for the bounce on Gann 7 and the Open Line.
I closed the trade @ 1.6055 after 2 hours when it touched Resistance 1 with 35 pips gain
.Sojmanie, I am glad you keep on posting your successful trades: they give me more stamina.
But Oke is ok? He's not posting for awhile...
Huh, did you see the mess of the afternoon (GMT+2 time) ? A lot of false signals but there were a lot of red news.
- #463
- Oct 15, 2010 3:18pm Oct 15, 2010 3:18pm
Hey everybody, today I took this trade as the picture attached.
I opened it at 7.35 a.m. (Italian time: GMT +2) @ 1.6020 after the previous high was taken, because the first entry signal was too early in the morning and I waited for the bounce on Gann 7 and the Open Line.
I closed the trade @ 1.6055 after 2 hours when it touched Resistance 1 with 35 pips gain
Sojmanie, I am glad you keep on posting your successful trades: they give me more stamina.
But Oke is ok? He's not posting for awhile...
Huh, did you see the mess of the...
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
- #467
- Edited 4:39am Nov 3, 2010 4:23am | Edited 4:39am
Since I guess it's really a pity to let this thread die, I would like to help in keeping it alive, so I am going to post my trades in order to share my experience with others (and if other people wanted to post their trades it would be great! 
).
Today I gained 43 pips on Eur/Jpy that is more smooth like Eur/Usd and not so herratic like Gbp/Usd (I am a newbie with this method, so I prefer docile horses for my rides for the first times... ).
Since one picture worths one thousand words, I let my chart speak (I closed the trade since I put my TP on Resistance 1 -maybe in the near future I'll manage to close part of the trade and let the other part run-).
My friend Steve has a very good track record for October (the month he started
), so I hope he will join me in sharing his experience.
I think we all need to be motivated when things do not go the way we would like. For example yesterday wasn't a good day for GU but it was great for EU and EJ (but unfortunately I was busy in losing on GU to follow other setups...
)
This morning I opened my trade as soon as the signal candle closed.
I use the Laguerre double oscillator as another confirm for the entry signal (the blue line) and to keep me inside the trade (the red line).
).Today I gained 43 pips on Eur/Jpy that is more smooth like Eur/Usd and not so herratic like Gbp/Usd (I am a newbie with this method, so I prefer docile horses for my rides for the first times... ).
Since one picture worths one thousand words, I let my chart speak (I closed the trade since I put my TP on Resistance 1 -maybe in the near future I'll manage to close part of the trade and let the other part run-).
My friend Steve has a very good track record for October (the month he started
), so I hope he will join me in sharing his experience.I think we all need to be motivated when things do not go the way we would like. For example yesterday wasn't a good day for GU but it was great for EU and EJ (but unfortunately I was busy in losing on GU to follow other setups...
)This morning I opened my trade as soon as the signal candle closed.
I use the Laguerre double oscillator as another confirm for the entry signal (the blue line) and to keep me inside the trade (the red line).
Good morning everybody.
Today the trade on EJ hit my TP put on the first resistance (the open line) after 30 minutes.
+27 pips gained
In this very moment the price is going nowhere on the open line but now I am out with my profit
.
If the price keeps going up, maybe there will be the chance to re-enter on a hi-low when the price bounce on the MA or on Gann and take the high of the previous candle.
Today the trade on EJ hit my TP put on the first resistance (the open line) after 30 minutes.
+27 pips gained
In this very moment the price is going nowhere on the open line but now I am out with my profit
.If the price keeps going up, maybe there will be the chance to re-enter on a hi-low when the price bounce on the MA or on Gann and take the high of the previous candle.
Last days I didn't like GU very much: it behaved like a fool.
Today I entered the trade as usual after the close of the signal candle @1.6122 and after a nasty retracement (35 pips
but without closing below Gann, so I hold the position) I closed my position on yesterday's high level at 1.6162 with +40 pips gain 
.
According to Oliver Velez I could have entered as soon as the high of the pullback's third candle (the pin bar) was taken, but I was not sure enough (and I would have scored about the same number of pips).
Nice lesson to take not of for the next time
Today I entered the trade as usual after the close of the signal candle @1.6122 and after a nasty retracement (35 pips
but without closing below Gann, so I hold the position) I closed my position on yesterday's high level at 1.6162 with +40 pips gain .According to Oliver Velez I could have entered as soon as the high of the pullback's third candle (the pin bar) was taken, but I was not sure enough (and I would have scored about the same number of pips).
Nice lesson to take not of for the next time
Today I got a false signal on EU and closed the trade as soon as the candle closed below Gann. As usual the market suddenly found its way up and I am left here with bad thoughts in my mind... 
Fortunately I managed to enter on GU after the bounce on SMA7 since, the entry signal was given when I was asleep yet. I closed as soon the price retraced
with +38 pips profit
Now I am in long on EJ... Let's see what happens
Fortunately I managed to enter on GU after the bounce on SMA7 since, the entry signal was given when I was asleep yet. I closed as soon the price retraced
with +38 pips profit Now I am in long on EJ... Let's see what happens
- #472
- Edited 4:22am Nov 6, 2010 4:18am | Edited 4:22am
As soon as I entered the trade, the price started to go in the opposite direction and hit my 30 pips SL...
If anyone had some suggestions or comments, it would be very appreciated
The first thing you must do is try not to watch price action until candles closes.
The second thing is to understand that fundamental perceptions determine the direction of price, technicals determine how far it will go before reversal. Consequently, during the london open period, any significant fundie news will change the direction of price. For example the euro was weak on friday because of the irish austerity problem and uncertainties for the greek election.
Since we do not trade fundies we just follow the system because it will catch the beginning of a new swing. My approach is to try to trade the london hours and if price stops me I double my lot size to recoup my iniital loss. I do this up to 3 times and then I am out for the day if it fails. (good money management is key)
Now trading Eurjpy (chart attached), I use the 30 min chart with an 8sma and 8 gann configuration and aim for 45 pips per swing.(Take note also change the GU to 8sma and 8 gann on 15 min ) I also trade gbpchf using both the 15 and 30 min (It is the pair with the highest daily range currently). I hope this helps. My Eurjpy chart with my trading period highlighted.
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
I agree with Dzhini.
What should it best to do with this kind of ranging market?
Okay, maybe staying aside and watch, but I would have understood that it was ranging only after being hit almost three or four times in a row after entering on precise signals.
Fortunately this week I am not trading, otherwise with this chart, I am afraid I would have blown my account.
What should it best to do with this kind of ranging market?
Okay, maybe staying aside and watch, but I would have understood that it was ranging only after being hit almost three or four times in a row after entering on precise signals
. Fortunately this week I am not trading, otherwise with this chart, I am afraid I would have blown my account
.