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Trading With Limit Orders

  • #321
  • Jan 2, 2011 11:00pm Jan 2, 2011 11:00pm
VSA is the soul behind the market and glad to see someone can use it to make money, more price action only type of a guy. depends on your broker and the fluidity of the market, limit order can be an advantage or disadvantage.

example:

spread of your broker is too high, limit order might never get filled and the price moves on without you.

market order; pay your broker the spread, make many pips later


trading forex afterhours, limit order guarantee you your price

market order = filling at a price you dont want(sometimes positive slippage, sometimes negative).
  • #322
  • Jan 2, 2011 11:02pm Jan 2, 2011 11:02pm
hit tp,my etoro tp alarm scared the hell out of me

i have a paranoia of stoploss alerts,the same sound

amazingly not like all my other trades,in this trade i wasnt scared of a loss,because volume manipulation is seen all over the place,and so easy to see where the major players are
  • #323
  • Jan 3, 2011 7:32am Jan 3, 2011 7:32am
Thank you 1:3 r:r
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  • #324
  • Jan 3, 2011 1:54pm Jan 3, 2011 1:54pm
may i ask whats the point of using short moving averages on ur chart

ru looking for weakness and strenght when line starts breaking?
  • #325
  • Jan 3, 2011 8:04pm Jan 3, 2011 8:04pm
Quoting dragan53
may i ask whats the point of using short moving averages on ur chart

ru looking for weakness and strenght when line starts breaking?
I'm currently experimenting with paying attention to the daily/weekly momentum using the 5/12 emas.

Other than observations, I don't use the information they give me to make trading decisions. They look pretty I suppose.

I have a hunch that trading with the daily trend (using SD levels) could be a robust methodology, when combined with longer term (daily/weekly) levels as areas to not trade into. I'm just observing basically.
  • #326
  • Jan 3, 2011 8:07pm Jan 3, 2011 8:07pm
Quoting pumpkin24
VSA is the soul behind the market and glad to see someone can use it to make money, more price action only type of a guy. depends on your broker and the fluidity of the market, limit order can be an advantage or disadvantage.

example:

spread of your broker is too high, limit order might never get filled and the price moves on without you.

market order; pay your broker the spread, make many pips later


trading forex afterhours, limit order guarantee you your price

market order = filling at a price you dont want(sometimes positive slippage,...
Hey there,

Yeah VSA is cool. At this point I'm working about 50 hrs/week and taking classes full time. Limit orders.. bahh what matters is consistent profits and so far they have delivered in a way that allows me to tend to my busy schedule

Funny to note that in one of my classes they're going over indicators like MAs and MACD and the like, and everyone is like "wow what is this technical analysis"
  • #327
  • Jan 3, 2011 8:12pm Jan 3, 2011 8:12pm
Quoting frankkn
Hey there,


Funny to note that in one of my classes they're going over indicators like MAs and MACD and the like, and everyone is like "wow what is this technical analysis"
heheh lol,
  • #328
  • Jan 3, 2011 8:14pm Jan 3, 2011 8:14pm
supply levels are awesome,it always stop where they are
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  • #329
  • Jan 4, 2011 10:05pm Jan 4, 2011 10:05pm
One loss today brings me back to break even for the week/year. In another long, here are my TP/SL.

The daily trend is still up. I have pending shorts up much higher.
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  • #330
  • Jan 5, 2011 12:09am Jan 5, 2011 12:09am
Quoting frankkn
..
Funny to note that in one of my classes they're going over indicators like MAs and MACD and the like, and everyone is like "wow what is this technical analysis"
hye frank,
what class are u taking? was it really a part of your course?

that technical analysis stuff sounds cool.
  • #331
  • Jan 5, 2011 7:44pm Jan 5, 2011 7:44pm
Quoting supremeChaos
hye frank,
what class are u taking? was it really a part of your course?

that technical analysis stuff sounds cool.
Lol hey there bud!

I'm only taking 3 classes this quarter (the only other 2 classes I need to graduate are only offered Spring quarter). I should have spent more time with an adviser planning out my classes than trading and ignoring school.

I'm taking "Case Prob in Financial Planning", "Estate Planning", and "Investing in Securities". The last one is the one that covers technical analysis, and I am curious to see what they have to say.

My work schedule doesn't become compatible with my school schedule until next week, so I'm missing my first week of all of my classes. I've been arranging meetings with professors to cover stuff I missed, and emailing assignments.

One of my professors told me that 100% of students who miss the first week of class either fail or drop the class.

I feel like crap right now I've been very very sick with a fever all day. I have lost two trades from today, and am currently sitting with a long position. This long is the first trade of the year from a decent level.
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  • #332
  • Jan 5, 2011 8:27pm Jan 5, 2011 8:27pm
i lost 2 positions in euro and am loosing a 3rd one,

study man,finish of the last part of ur school then u can do whatever u want
  • #333
  • Jan 5, 2011 10:25pm Jan 5, 2011 10:25pm
Quote
I'm only taking 3 classes this quarter (the only other 2 classes I need to graduate are only offered Spring quarter). I should have spent more time with an adviser planning out my classes than trading and ignoring school.
i think u simply prioritized the stuff that is more important. hehe
seriously, if u treat trading as your business, then this is part of your future too, right.

Quote
I'm taking "Case Prob in Financial Planning", "Estate Planning", and "Investing in Securities". The last one is the one that covers technical analysis, and I am curious to see what they have to say.
interesting classes.
dont expect too much on that 3rd subject/class. u might just 'learn' about the basics & indicators. regardless, i think it's still worth attending to; u'll never know what's in store. please do update us about your classes.

Quote
I feel like crap right now I've been very very sick with a fever all day. I have lost two trades from today, and am currently sitting with a long position. This long is the first trade of the year from a decent level.
lost several yesterday too (lack of sleep). i guess we really shouldnt trade under such circumstances.

take care of your eu long. PA has deteriorated yesterday. i think 1.3200 - 1.3350 must be breached with conviction ASAP for your eu long to gain some good ground.

hope u are feeling much better now.
  • #334
  • Jan 6, 2011 9:13pm Jan 6, 2011 9:13pm
I wonder if taking trades from SD levels with the daily trend is too simple. I'm willing to give it a shot.

I'm pretty stressed out about missing my classes this week for work. Next week, if all goes well tomorrow, I'll be on a much easier work schedule for the next couple quarters.

I've been sick as a dog all day, but still worked for 9 hours. Winter in Ohio is bleak, everything is cold and gray. It helps to think back to the summer time biking and hiking through national parks with my lady.

Anyways I had another loss today (that long I had from yesterday). Here are my orders at the moment. We're right at a weak daily level, the next demand level is near 1.2700.
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  • #335
  • Jan 6, 2011 9:21pm Jan 6, 2011 9:21pm
Quote
i think u simply prioritized the stuff that is more important. hehehttp://cdn.forexfactory.com/images/s...m/big_grin.gif
seriously, if u treat trading as your business, then this is part of your future too, right.

Thanks for saying that, the people in my daily life just don't understand. I'm definitely going to take care of my school and study for the things I'll need in my career. A career will make it much easier to get to a 7 figure account and a living from trading.

Quote
interesting classes.
dont expect too much on that 3rd subject/class. u might just 'learn' about the basics & indicators. regardless, i think it's still worth attending to; u'll never know what's in store. please do update us about your classes.

Yes, and I'll have to remember to keep my mouth shut during that class for sure!

Quote
lost several yesterday too (lack of sleep). i guess we really shouldnt trade under such circumstances.http://cdn.forexfactory.com/images/s...m/big_grin.gif

Limit order trading definitely helps that! Just no confirmation.

Quote
take care of your eu long. PA has deteriorated yesterday. i think 1.3200 - 1.3350 must be breached with conviction ASAP for your eu long to gain some good ground.

hope u are feeling much better now.http://cdn.forexfactory.com/images/s...im/winking.gif

Yep got burned on that long, ouch.

Feeling a little better, thanks
  • #336
  • Jan 6, 2011 9:23pm Jan 6, 2011 9:23pm
Quoting dragan53
i lost 2 positions in euro and am loosing a 3rd one,

study man,finish of the last part of ur school then u can do whatever u want
Rough week for us all with EU.

Thanks for the encouraging words!

Hope your trade turned out better than mine.
  • #337
  • Jan 7, 2011 12:04am Jan 7, 2011 12:04am
u mean the trade?

no,im in a loss with cad,2 open looks like a hedge,which i didnt realise when i opened it,but fuk it now,ill just leave,.and hope for profit
cadjpy looks pumped it might fall and usdcad has majority of oanda customers with longs,so always go against the herd rule,not turning out as i thought it will,
  • #338
  • Jan 8, 2011 5:36pm Jan 8, 2011 5:36pm
euro daily supply levels
works quite good actually bounced evrytime
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  • #339
  • Jan 8, 2011 5:39pm Jan 8, 2011 5:39pm
1h
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  • #340
  • Jan 8, 2011 9:03pm Jan 8, 2011 9:03pm
hey supreme chaos,i remember u said u make a living out of trading

whats ur strategy,i would be very interested to broaden my perspective and learn some more from u
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