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  • #3,021
  • Edited 10:59am Dec 3, 2010 8:38am | Edited 10:59am
Quoting lovejoy80
nice! Mine was a pending order that got whilst I was asleep.

This was a nice setup from this moring that I'm in.
Price hit my TP before I could consider moving it higher (was busy watching reaction to NFP data). Still not bad 6.2R gained on this trade.
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  • #3,022
  • Dec 3, 2010 11:29am Dec 3, 2010 11:29am
Other trades today were:

UJ - 1hr pin got out at BE 5min before NFP!
Oil futures - short - touch trade - again out at BE
EP - short - touch trade - still in this will likely take profit at some point tonight
ECHF - 4HR BEOB - entered at retrace to obvious ppz - again will likely exit at some point tonight.

I'm also still long EJ from 110 and will leae this over the weekend.

I'll update daily and weekly results later, but in the meantime my monthly result was:

91 trades
86 winners
+149.37R
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  • #3,023
  • Dec 4, 2010 4:19am Dec 4, 2010 4:19am
Quoting lovejoy80
Other trades today were:

UJ - 1hr pin got out at BE 5min before NFP!
Oil futures - short - touch trade - again out at BE
EP - short - touch trade - still in this will likely take profit at some point tonight
ECHF - 4HR BEOB - entered at retrace to obvious ppz - again will likely exit at some point tonight.

I'm also still long EJ from 110 and will leae this over the weekend.

I'll update daily and weekly results later, but in the meantime my monthly result was:

91 trades
86 winners
+149.37R
I got out of ECHF and EP at BE before the close and EJ I decided to set a TP for 111 which was hit.

Yesterdays results:
+7.15R

Weekly:
17 trades, 17 winners +28.06R
  • #3,024
  • Dec 5, 2010 10:28pm Dec 5, 2010 10:28pm
Great stuff mate. You can go pro and ditch your job soon.

How's your bet sizing like? As in, how much risk do you typically take per trade? I've noticed you vary between 0.5% and 3%
One Mind, Any Market
  • #3,025
  • Dec 6, 2010 12:09am Dec 6, 2010 12:09am
Quoting Cyrus
Great stuff mate. You can go pro and ditch your job soon.

How's your bet sizing like? As in, how much risk do you typically take per trade? I've noticed you vary between 0.5% and 3%
I don't have a job.

I risk between 1% and 2% per trade...mostly 1% with 2% reserved for setups I think are near perfect...particularly touch trades using a daily PPZ and lots of supporting confluence for example the EG setup on Friday was a 2% risk trade.
  • #3,026
  • Dec 6, 2010 2:07am Dec 6, 2010 2:07am
Quoting lovejoy80
I don't have a job.

I risk between 1% and 2% per trade...mostly 1% with 2% reserved for setups I think are near perfect...particularly touch trades using a daily PPZ and lots of supporting confluence for example the EG setup on Friday was a 2% risk trade.
AH. I see I see. I was wondering "how the heck does he manage all these trades part time?"

Thanks for the clarification on risk. =)
One Mind, Any Market
  • #3,027
  • Dec 6, 2010 2:14am Dec 6, 2010 2:14am
Quoting Cyrus
AH. I see I see. I was wondering "how the heck does he manage all these trades part time?"

Thanks for the clarification on risk. =)
yeah there is no way I could take all these trades if I was working...I need to watch charts constantly in order to be able to take these types of trades.
  • #3,028
  • Dec 6, 2010 6:05am Dec 6, 2010 6:05am
Hi LJ,

I was just browsing at FF and I ended up to your thread.
I am happy to see that your journal is still alive and working.
How is trading going? I believe you are doing well (just read a few pages).

Anyway just wanted to say hello and wish you success.

Cheers
Ogeid
  • #3,029
  • Dec 6, 2010 1:46pm Dec 6, 2010 1:46pm
Been out all day today so no trading for me apart from ne trade which I stayed up during Asia to take on EU - short @ 1.3415 and it hit my TP at 1.3300 during the day.


So todays gain was +2.55R
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  • #3,030
  • Dec 6, 2010 1:47pm Dec 6, 2010 1:47pm
Quoting ogeid
Hi LJ,

I was just browsing at FF and I ended up to your thread.
I am happy to see that your journal is still alive and working.
How is trading going? I believe you are doing well (just read a few pages).

Anyway just wanted to say hello and wish you success.

Cheers
Ogeid
Hi Ogeid,

Trading is going pretty well recently...starting to wind down for the festive season now :-).

Thanks for the message, hope everything is going well for you.
  • #3,031
  • Dec 7, 2010 2:10am Dec 7, 2010 2:10am
Quoting lovejoy80
Hi Ogeid,

Trading is going pretty well recently...starting to wind down for the festive season now :-).

Thanks for the message, hope everything is going well for you.
Nice to hear it LJ, you deserve it.

I took a long break from trading during last summer. I started again in September when I began to study different approaches to the market. I completely reviewed the way I was trading and I use now a substantial different method (not that before I had one LOL).
Strange to say but I now focus more on lower TFs, mainly 5M with much better results.

Anyway happy to see you are doing well.

Take care LJ.
  • #3,032
  • Dec 7, 2010 3:09am Dec 7, 2010 3:09am
Quoting ogeid
Nice to hear it LJ, you deserve it.

I took a long break from trading during last summer. I started again in September when I began to study different approaches to the market. I completely reviewed the way I was trading and I use now a substantial different method (not that before I had one LOL).
Strange to say but I now focus more on lower TFs, mainly 5M with much better results.

Anyway happy to see you are doing well.

Take care LJ.
I'm glad you have found a method that suits you and are doing well. out of interest what type of method are you using on the 5min TF?
  • #3,033
  • Dec 7, 2010 3:18am Dec 7, 2010 3:18am
Quoting lovejoy80
I'm glad you have found a method that suits you and are doing well. out of interest what type of method are you using on the 5min TF?
http://www.maxtradingsystem.com/

If you want to know more please PM.

Cheers
O.
  • #3,034
  • Dec 7, 2010 12:38pm Dec 7, 2010 12:38pm
Only casualy watching charts at the moment as winding down for the year, but took this one today and my SL is at BE. MyTP is @ 85.80 althouh I might take some / all profit off at @84.35 if price gets there.

This is the sort of trade I'm looking to take for the rest of the year...ones to move to BE and just leave wiht a daily PPZ as a TP.
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  • #3,035
  • Dec 7, 2010 7:17pm Dec 7, 2010 7:17pm
Quoting lovejoy80
I took this continuation BEOB today...counter trend but off a PPZ area.

I risked 3% on this trade and split it 1.5% entered on break and the other 1.5% entered on a pullback to the PPZ which was also between 50 and 61 fibs (off the bar). Stops both just above the PPZ - if price pushed above then it it is highly likely that it will continue up and above the BEOB.

Exited the trade when it hit the first trouble area (FTA) - counter trend and it might hit the TL but I wouldnt want a setup like this to turn from profit into a loss.

Entry1 - 5.4935...
hi,

im newbie in forex...

may i know what is:

1. ppz?
2. BEOB?

Thank You
Today's You was Your previously Thought.
  • #3,036
  • Dec 7, 2010 9:50pm Dec 7, 2010 9:50pm
Quoting lovejoy80
Only casualy watching charts at the moment as winding down for the year, but took this one today and my SL is at BE. MyTP is @ 85.80 althouh I might take some / all profit off at @84.35 if price gets there.

This is the sort of trade I'm looking to take for the rest of the year...ones to move to BE and just leave wiht a daily PPZ as a TP.
HEH. Same one caught my eye mate. =) Think we could be looking @ a strong Doll. Doll index just put in a nice big pin (north) and intermediate term trend is poised north still too.
One Mind, Any Market
  • #3,037
  • Dec 8, 2010 6:46am Dec 8, 2010 6:46am
Quoting Ihor
http://www.brocompany.com/trading-platform/broco-trader/?faces...
Quoting jag1966
Admiralmarkets do usdindex too
Quoting Cyrus
...
Add dollar Index into the server of MT4 software and the address is “mt.forexua.com:443”....
windsor MT4 too

nice to see Cyrus here.
keep up the nice thread, Mark!
& advance happy holidays to everyone here!
  • #3,038
  • Dec 8, 2010 6:52am Dec 8, 2010 6:52am
Quoting Cyrus
HEH. Same one caught my eye mate. =) Think we could be looking @ a strong Doll. Doll index just put in a nice big pin (north) and intermediate term trend is poised north still too.
USDX is at some resistance at the moment...if it overcomes this then a retest of recent high is on the cards. UJ has some resistance at 84 but I'm holding onto my 2 longs for the time being.

I'm also short AU from the daily BEOB. I thought about staying up and waiting to get a discounted entry with a small SL on a retest of 0.9850 as resistance after price broke through this area yesterday but I decided sleep was more important lol! My overall TP should be clear.
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  • #3,039
  • Dec 8, 2010 6:57am Dec 8, 2010 6:57am
Quoting justinforex
hi,

im newbie in forex...

may i know what is:

1. ppz?
2. BEOB?

Thank You
1. ppz is a price pivot zone - an area where price has acted as support / resistance or ideally both in the past.

2. BEOB is a type of price action bar and means Bearish Outside Bar which is where the high and low of the bar completely encompasses the previous bar with the close lower than the open and ideally the open and close are near the high and low of the bar.

I haven't got a chart to hand but form memory look at the yesterdays daily bar on AU or the 4HR and daily bars on Gold on FxPro.
  • #3,040
  • Dec 8, 2010 7:09am Dec 8, 2010 7:09am
Quoting supremeChaos
windsor MT4 too

nice to see Cyrus here.
keep up the nice thread, Mark!
& advance happy holidays to everyone here!
Thanks
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