That's when you usually know things are not right--They just went
STOP HUNTING........clearing out stops..
- #6,801
- Nov 16, 2010 9:57am Nov 16, 2010 9:57am
- #6,804
- Nov 16, 2010 11:46am Nov 16, 2010 11:46am
- | Commercial User | Joined May 2009 | 5,751 Posts
Have to thank Polomine
for the ATR indicator---fantastic stuff...
Daily range on GU is done !!!
Cheers
Petar
"Buy on fear, sell on greed !!!
- #6,805
- Nov 16, 2010 11:47am Nov 16, 2010 11:47am
- | Joined May 2010 | Status: Day by Day | 1,004 Posts
Another newbie question...not really purely vsa, but here it is anyway.
I look for entries on the 15 based on the current 60/240 trend. Actually quite proud of my two trades yesterday and today as I bagged 45 pips yesterday and 104 pips today - helps recoup some poor trades last week
.
I closed today's short on EU as it hit 1.35 due to that level being psych level, resistance on 9/24-25, bottom of days estimated range using 21-day ATR, and what appeared to be volume appearing followed by a NS.
while trying to control greed, any suggestions on how to improve the trade management since EU has dropped a further 40 pips. In hind sight that NS wasn't really valid as it was likely volume drop off after the London close...
-tg
I look for entries on the 15 based on the current 60/240 trend. Actually quite proud of my two trades yesterday and today as I bagged 45 pips yesterday and 104 pips today - helps recoup some poor trades last week
. I closed today's short on EU as it hit 1.35 due to that level being psych level, resistance on 9/24-25, bottom of days estimated range using 21-day ATR, and what appeared to be volume appearing followed by a NS.
while trying to control greed
, any suggestions on how to improve the trade management since EU has dropped a further 40 pips. In hind sight that NS wasn't really valid as it was likely volume drop off after the London close...-tg
Change is the only constant
- #6,806
- Nov 16, 2010 12:42pm Nov 16, 2010 12:42pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
I must say nice trade and i am glad you took pips
Cheers
Petar
GU won the days range Battle with 248 :
EU 209 :
i expanded my GU chart and i think GU qualified for Your style of trading trading today...
- #6,807
- Nov 16, 2010 12:47pm Nov 16, 2010 12:47pm
- | Commercial User | Joined May 2009 | 5,751 Posts
Thanks Petar :
GU won the days range Battle with 248 :
EU 209 :
i expanded my GU chart and i think GU qualified for Your style of trading trading today...
Gu is finaly on point i waited
but still wait my MA to confirm that on M15...I took USDCAD setup for sell with risk about 40 pips and potencial TP 80 pips it will be interesting,we are in good chanel i we have nice chanel projection,i put TP on for me strong previuse swing and also there is fibo..If se MA on GU i will take trade and TP on 61.8 fibo....
Cheers
Petar
Charts :
"Buy on fear, sell on greed !!!
- #6,809
- Nov 16, 2010 1:57pm Nov 16, 2010 1:57pm
- | Commercial User | Joined May 2009 | 5,751 Posts
"Buy on fear, sell on greed !!!
- #6,813
- Nov 16, 2010 6:43pm Nov 16, 2010 6:43pm
- | Joined May 2010 | Status: Day by Day | 1,004 Posts
When you're floating on a lot of profit, you have a few options. Close at the end of the session or move the SL to some recent swing high/low, or partially close a position. If you got 100 pips today you should be happy and not let the "oh I should have held for more" mindset cloud your judgement. Whatever you saw that made you close your position just might save you next time. You can also try allowing 1 or 2 bars go to your disadvantage before bailing out. Or see the ATR of the bar for your TF and set a trailing stop. It's...
Thanks comapip! I am very happy with a 100 pip trade today, believe me! Given my lack of experience, i know i made the right decision to close when i did given i thought the risk was higher by leaving the trade open.
Some excellent points for consideration as I get better at this
Change is the only constant
- #6,814
- Nov 16, 2010 6:46pm Nov 16, 2010 6:46pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #6,817
- Nov 16, 2010 7:14pm Nov 16, 2010 7:14pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #6,819
- Nov 16, 2010 8:32pm Nov 16, 2010 8:32pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
omg this set up is way to easy.... now the hard part is do I just place a sell stop under asia open at 5859...for at least 5780 or do i pry the eye lids open until 2 am in the morning my time...
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