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my trade

  • #1,961
  • Jan 3, 2011 8:10pm Jan 3, 2011 8:10pm
http://img98.imageshack.us/img98/915/benb.png

whats the new year resolutions?

first 3 month target?
second one?
third one?
forth?

what i want to achieve within 12 month period? why ?how?
  • #1,962
  • Jan 3, 2011 10:13pm Jan 3, 2011 10:13pm
feel most comfortable with these combination. should trade best as well.
Attached Image (click to enlarge)
Click to Enlarge Name: Noname 20110104 _ak2x for reply to FF.png Size: 368 KB
  • #1,963
  • Jan 3, 2011 10:23pm Jan 3, 2011 10:23pm
Quoting ben10

first 3 month target?
second one?
third one?
forth?

what i want to achieve within 12 month period? why ?how?
improving current 1.3% daily gain to 2.0% within 6 months, 3.0% by the end of 2011. how? trade less, just trade the golden setup only.
  • #1,964
  • Jan 4, 2011 12:18am Jan 4, 2011 12:18am
Quoting RisingSun
feel most comfortable with these combination. should trade best as well.
You guys are doing really well. Entering on breaks of higher highs are extremely high probabililty. That is what I am working on now with 1min charts with a single 60ma setting.

And I like your idea, Rising Sun, about focusing on the 15min and using the lower TF for better entries. Real smart. 1.3% a day is amazing return, as anyone will tell you. Hope to join you in that range soon.
  • #1,965
  • Jan 4, 2011 2:07am Jan 4, 2011 2:07am
Quoting Magic Trader
You guys are doing really well. Entering on breaks of higher highs are extremely high probabililty. That is what I am working on now with 1min charts with a single 60ma setting.

And I like your idea, Rising Sun, about focusing on the 15min and using the lower TF for better entries. Real smart. 1.3% a day is amazing return, as anyone will tell you. Hope to join you in that range soon.
sounds interesting! wish seeing your example soon as when you get a chance.

0.5% per trade x 5 to 10 trades per day should bring in 2 to 3% after loss trades subtracted. over trading is major cause of a loss trades day for me. also pair diversification looks to be a must. i may need 3 screens to display 12 pairs, for instance. don't need fast machines - my 8 year old dell laptop 512mb mem, does well if only for chart monitoring ...
  • #1,966
  • Jan 4, 2011 7:16am Jan 4, 2011 7:16am
Quoting Magic Trader
And I like your idea, Rising Sun, about focusing on the 15min and using the lower TF for better entries. Real smart. 1.3% a day is amazing return, as anyone will tell you. Hope to join you in that range soon.
im on my way

Quote
just trade the golden setup only. http://cdn.forexfactory.com/images/s.../yim/happy.gif

absolutely .....
  • #1,967
  • Jan 4, 2011 7:32am Jan 4, 2011 7:32am
http://img221.imageshack.us/img221/8509/funig.png
  • #1,968
  • Jan 4, 2011 7:57am Jan 4, 2011 7:57am
...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Noname 20110104_2 for upload to FF.png Size: 46 KB
Click to Enlarge Name: Noname 20110104_3 for upload to FF.png Size: 42 KB
  • #1,969
  • Jan 4, 2011 11:05am Jan 4, 2011 11:05am
Quoting RisingSun
sounds interesting! wish seeing your example soon as when you get a chance.

0.5% per trade x 5 to 10 trades per day should bring in 2 to 3% after loss trades subtracted. over trading is major cause of a loss trades day for me. also pair diversification looks to be a must. i may need 3 screens to display 12 pairs, for instance. don't need fast machines - my 8 year old dell laptop 512mb mem, does well if only for chart monitoring ...
Wow, I can't say enough about your trading, Rising. I really like it, the more you talk about it. Good idea to look at a dozen pairs to find the setup you like the best. There are alway a few pairs trending at a time.

So here is an example of what I'm working on. Look at the right side of the chart. The idea is to use a 1min chart with a single 60wma. And to observe how price reacts to this line. The 60wma represents price over the past 1 hour exactly. Think of it as a dynamic support/resistance line. When price starts breaching the line, we are looking for direction change. The key is lower lows, lower highs.

There are several setups but this is one I like best. When price crosses the MA and comes back and bounces off as resistance. Enter at break of recent low. This is very high probability. Looking for TP of 10-15 but it often runs more than 30+. SL would be when price crosses MA. In this case it would have started at 10 pips and then gotten smaller as the MA moved down.
Attached Image (click to enlarge)
Click to Enlarge Name: Jan3-EU3.png Size: 70 KB
  • #1,970
  • Jan 4, 2011 11:10am Jan 4, 2011 11:10am
Here is another example. This time going long.
Attached Image (click to enlarge)
Click to Enlarge Name: Jan3-EU2.png Size: 113 KB
  • #1,971
  • Jan 4, 2011 3:58pm Jan 4, 2011 3:58pm
Quoting Magic Trader
Here is another example. This time going long.
multiple mma gives more info whats going on in the traders mind, i can not trade without it


http://img522.imageshack.us/img522/2743/continueh.png

Quote
0.5% per trade x 5 to 10 trades per day should bring in 2 to 3% after loss trades subtracted. over trading is major cause of a loss trades day for me. also pair diversification looks to be a must. i may need 3 screens to display 12 pairs, for instance. don't need fast machines - my 8 year old dell laptop 512mb mem, does well if only for chart monitoring ... http://cdn.forexfactory.com/images/s.../yim/happy.gif

awesome !
  • #1,972
  • Jan 4, 2011 4:15pm Jan 4, 2011 4:15pm
http://img821.imageshack.us/img821/8725/ak3q.png

flip the chart vertically (upside down) to see whats like in the bear market
  • #1,973
  • Jan 4, 2011 5:08pm Jan 4, 2011 5:08pm
Quoting ben10

http://img522.imageshack.us/img522/2743/continueh.png
... should add more shorts? ...

well, 3h displays a support @1.0050 but plenty room for downside, h1 tells price has gone down 200 pips since new year and the short term mma spine slightly turning up although the long term mma spine still holds straight, suggesting some caution be taken, and m15 recent low is 1.0030. so i would wait and see how price would react at this point. what do you say?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Noname 20110105 for upload to FF.png Size: 84 KB
Click to Enlarge Name: Noname 20110105_2 for upload to FF.png Size: 87 KB
Click to Enlarge Name: Noname 20110105_3 for upload to FF.png Size: 75 KB
  • #1,974
  • Jan 4, 2011 5:13pm Jan 4, 2011 5:13pm
Quoting RisingSun
... should add more shorts? ...

well, 3h displays a support @1.0050 but plenty room for downside, h1 tells price has gone down 200 pips since new year and the short term mma spine slightly turning up although the long term mma spine still holds straight, suggesting some caution be taken, and m15 recent low is 1.0030. so i would wait and see how price would react at this point. what do you say?
i close the short for very nice gain and go long for quick flip but the market abit slow

http://img828.imageshack.us/img828/2220/bene.png
  • #1,975
  • Jan 4, 2011 5:20pm Jan 4, 2011 5:20pm
Quoting ben10
http://img821.imageshack.us/img821/8725/ak3q.png

flip the chart vertically (upside down) to see whats like in the bear market
awesome! "flipping" adds to my chart reading skills. thanks.

two groups of mma: trying out Guppy's original charts. short term group representing "trader" and long term "investor" in his terms. there is no mathematical ground for the numbers, just visually chosen.

i compare the fan out, compression, distance between the two groups (the black space), spine curve. when ropes of two groups meet, the next moves should be very strong.

mma's provides these info "visually", which matches my liking.
  • #1,976
  • Jan 4, 2011 5:24pm Jan 4, 2011 5:24pm
http://img641.imageshack.us/img641/1319/12931694.png

move stop at BE
  • #1,977
  • Jan 4, 2011 5:26pm Jan 4, 2011 5:26pm
Quoting ben10
http://img641.imageshack.us/img641/1319/12931694.png

move stop at BE
really awesome!
  • #1,978
  • Jan 4, 2011 5:33pm Jan 4, 2011 5:33pm
Quoting RisingSun
awesome! "flipping" adds to my chart reading skills. thanks.

two groups of mma: trying out Guppy's original charts. short term group representing "trader" and long term "investor" in his terms. there is no mathematical ground for the numbers, just visually chosen.

i compare the fan out, compression, distance between the two groups (the black space), spine curve. when ropes of two groups meet, the next moves should be very strong.

mma's provides these info "visually", which matches my liking.
you reinforce what i had learn many years before
Thanks alot buddy and keep on rolling
  • #1,979
  • Jan 4, 2011 5:39pm Jan 4, 2011 5:39pm
http://img508.imageshack.us/img508/3206/renter.png

the two group of traders are teasing me at the moment
  • #1,980
  • Jan 4, 2011 5:40pm Jan 4, 2011 5:40pm
in 20 minute im done for today.... ciao!
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