totally sleeping market, nothing to do
trading is like dancing, don't think and just listen to the music!
- #2,001
- Oct 11, 2010 6:37am Oct 11, 2010 6:37am
- Joined Aug 2010 | Status: absolute beginner | 5,463 Posts
- #2,004
- Oct 11, 2010 10:05am Oct 11, 2010 10:05am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
We can Dance now. Just close my short, wait for PA to touch SMA35 again
Just be careful, because today is USA and Japan Bank holidays and action could be weird. Keep small SL.
- #2,007
- Oct 11, 2010 10:42am Oct 11, 2010 10:42am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #2,008
- Oct 11, 2010 10:43am Oct 11, 2010 10:43am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #2,009
- Oct 11, 2010 11:03am Oct 11, 2010 11:03am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #2,011
- Oct 12, 2010 2:32am Oct 12, 2010 2:32am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #2,012
- Oct 12, 2010 2:33am Oct 12, 2010 2:33am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
Could see constrainment in EURUSD early London opening today. All the time frames were showing good short there. Was waiting for a free ride but a shapr spike in 15 minutes made it a bit troublesome. To catch that zoomed to 5 minutes the entred on a pinbar there.
Took half lot at 20 pips and covered another half at 40 pips. Was looking for more but thanks Kostas for teaching me not to be greddy. Gosh it just shot up after i took my 40 pips!
Please post comments if you i need help in trading it better.
The reason it shot up was H1 SMA 200.
- #2,013
- Oct 12, 2010 2:38am Oct 12, 2010 2:38am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
Boy, from the day that polling thread by kk007 came up, it seems our thread got a lot of attention. Advertisement really works!
Anyway, my PM got swamped by messages, so I will choose some of those and respond here for the benefit of everybody.
1. To all newbies, before you ask any questions and if you really are focused on following this method, read the manual and read the CHOROS thread carefully. All questions have been answered more than once.
2. New question: "Hi kostas,
Great post. I just wanted to say I am very happy for you having the success you have - congrats!!
May I ask which tools you use ie. are you using any excel for example? If so (please excuse me for asking) would you be willing to share or recommend what you are using? If not, no problem and thanks anyway for all the time and effort you put into your thread. Great help."
I am actually using an Excel spreadsheet which is my money management plan. So I thought it may be useful to the rest of you. That's what I have been following from March. It gives you a daily target that if achieved you should stop trading. Also if you loose a day's worth of profit (30pips at 3%) you also stop. The sheet also provides suggested lot size. You can modify the daily risk (3%) to something smaller or bigger if you want. It is made for Euros as base currency but if somebody is using $ or pounds it is not hard to modify.
Anyway, my PM got swamped by messages, so I will choose some of those and respond here for the benefit of everybody.
1. To all newbies, before you ask any questions and if you really are focused on following this method, read the manual and read the CHOROS thread carefully. All questions have been answered more than once.
2. New question: "Hi kostas,
Great post. I just wanted to say I am very happy for you having the success you have - congrats!!
May I ask which tools you use ie. are you using any excel for example? If so (please excuse me for asking) would you be willing to share or recommend what you are using? If not, no problem and thanks anyway for all the time and effort you put into your thread. Great help."
I am actually using an Excel spreadsheet which is my money management plan. So I thought it may be useful to the rest of you. That's what I have been following from March. It gives you a daily target that if achieved you should stop trading. Also if you loose a day's worth of profit (30pips at 3%) you also stop. The sheet also provides suggested lot size. You can modify the daily risk (3%) to something smaller or bigger if you want. It is made for Euros as base currency but if somebody is using $ or pounds it is not hard to modify.
- #2,014
- Oct 12, 2010 3:13am Oct 12, 2010 3:13am
Nice first effort
The reason it shot up was H1 SMA 200.
Appreciate the 100H SMA hint. Guess i should put that on my charts. Am still using old dance tempalate. Yet to read through entire thread.
But hey I another shot at euro sell immidiately after i closed first one.Again all charts looking bearis so took EURO constrainment at 10EMA below 50RN. Already half lot booked and 17 pips locked in another half
Making money is easy- Just dont take losing trades
anybody else took that one? the chart is attached.
- #2,016
- Oct 12, 2010 3:35am Oct 12, 2010 3:35am
- | Joined Jan 2010 | Status: Trader | 1,354 Posts
"Being picky only cost your time - not MONEY"...Hans
- #2,017
- Oct 12, 2010 3:37am Oct 12, 2010 3:37am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #2,018
- Oct 12, 2010 5:23am Oct 12, 2010 5:23am
Hey Kostas
Just had to say, i still follow this thread in the shadows, its really amazing that you are still trying to help others, think you are the only one left from the original gang and doing a fantastic job
I don't trade dance anymore, trade naked now, so won't post my charts here, but some of the trades taken i have been in. Hopefully thread stays clean, will continue to follow
Just had to say, i still follow this thread in the shadows
, its really amazing that you are still trying to help others, think you are the only one left from the original gang and doing a fantastic job I don't trade dance anymore, trade naked now, so won't post my charts here, but some of the trades taken i have been in
. Hopefully thread stays clean, will continue to follow 
- #2,020
- Oct 12, 2010 6:08am Oct 12, 2010 6:08am
- Joined Aug 2010 | Status: absolute beginner | 5,463 Posts
trading is like dancing, don't think and just listen to the music!