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Trading Major Lines

  • #61
  • Feb 22, 2011 1:20am Feb 22, 2011 1:20am
My long position from last week died at break.No big deal.
This morning I had a good looking pinbar on 4hr and tried to enter long but didn't have chance to do so..This is one of the times that patience and good entry skills/rules saved me from a wrong timing at least (we don't know yet if I am wrong with the direction too until this week is over)...
Charts attached..
Attached Image(s) (click to enlarge)
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  • #62
  • Feb 22, 2011 1:50am Feb 22, 2011 1:50am
Quoting nomask
My long position from last week died at break.No big deal.
This morning I had a good looking pinbar on 4hr and tried to enter long but didn't have chance to do so..This is one of the times that patience and good entry skills/rules saved me from a wrong timing at least (we don't know yet if I am wrong with the direction too until this week is over)...
Charts attached..
keep going nomask, bit by bit i understand your strategy, thank you

ps : im aplogize for my bad english because english is not my mother languange.

regards,
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #63
  • Feb 22, 2011 2:09am Feb 22, 2011 2:09am
Quoting noer1962
keep going nomask, bit by bit i understand your strategy, thank you

ps : im aplogize for my bad english because english is not my mother languange.

regards,
your welcome noer...
This is a very simple strategy with very low risk for huge reward..
It also keeps you away from over-trading and making sloppy entries.
Charts that I'll be posting by the time will make things clearer because I'll be doing only "wash&rinse" every time..
Attached Image (click to enlarge)
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  • #64
  • Feb 22, 2011 2:44am Feb 22, 2011 2:44am
hi nomask,

i have bought since it rejected from 61.8 fib on 4h,is it ok?,see my chart please,comments welcome!,thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 12 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #65
  • Feb 22, 2011 3:25am Feb 22, 2011 3:25am
Quoting sam69
hi nomask,

i have bought since it rejected from 61.8 fib on 4h,is it ok?,see my chart please,comments welcome!,thanks!
Hi sam..
I want to buy this pair too but I still need a completed 4hr price action..
I noticed that wicks of the 4hr candle rejected at 61.8 fib level but no pinbar nor any price action yet..
Its little early to say something..
It may work out though
p.s:and I suggest everyone to master on a method with regular rules then you can of course make some exceptions once you mastered on it
  • #66
  • Feb 22, 2011 3:32am Feb 22, 2011 3:32am
Quoting nomask
your welcome noer...
This is a very simple strategy with very low risk for huge reward..
It also keeps you away from over-trading and making sloppy entries.
Charts that I'll be posting by the time will make things clearer because I'll be doing only "wash&rinse" every time..
Good Morning

Simple and very powerful
Regards
  • #67
  • Feb 22, 2011 3:59am Feb 22, 2011 3:59am
Quoting howard
Good Morning

Simple and very powerful
Thanks howard

here is an update as my 4hr candle ending soon...
p.s:time differences in terms of candle signals make no difference in the long run..
Attached Image (click to enlarge)
Click to Enlarge Name: 40.png Size: 26 KB
  • #68
  • Feb 22, 2011 4:03am Feb 22, 2011 4:03am
Quoting nomask
Thanks howard

here is an update as my 4hr candle ending soon...
p.s:time differences in terms of candle signals make no difference in the long run..
Is it time to seek long on 5M chart now?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-5M.png Size: 28 KB
  • #69
  • Feb 22, 2011 4:05am Feb 22, 2011 4:05am
Quoting tentoerun
Is it time to seek long on 5M chart now?
I'm trying not to make this as a live call thread since It may cause trouble for some traders but to give an example.
Yes Its time to watch 5 min
  • #70
  • Feb 22, 2011 4:08am Feb 22, 2011 4:08am
5 min chart attached..
Attached Image (click to enlarge)
Click to Enlarge Name: 41.png Size: 40 KB
  • #71
  • Feb 22, 2011 4:13am Feb 22, 2011 4:13am
Quoting nomask
5 min chart attached..
hi,

My broker 4h candle will close in a hour (45 min exactly). Shall I wait for it's close?

BaliuxXx
  • #72
  • Feb 22, 2011 4:18am Feb 22, 2011 4:18am
Quoting BaliuxXx
hi,

My broker 4h candle will close in a hour (45 min exactly). Shall I wait for it's close?

BaliuxXx
Its just sometimes your platform will give you a signal earlier than mine but sometimes mine will be earlier..
My real account with an u.s broker but I live in European zone thats why I base my trades on a demo fxdd-malta time zone which uses European timezone..
Its all up to you but its better to use a platform which has a timezone that suits you..

Edit:I tried both my live account broker and fxdd-malta...I decided on fxdd-malta since It works better in my timezone
  • #73
  • Feb 22, 2011 4:26am Feb 22, 2011 4:26am
Quoting nomask
I'm trying not to make this as a live call thread since It may cause trouble for some traders but to give an example.
Yes Its time to watch 5 min
Very interesting thread, Nomask, thanks! Very keen to follow what PA you like to see for the 5min entry...entries around inner fibs have alluded me so far, a 123 break from here (EU) would probably be my signal to get on board..edit which has just triggered.
  • #74
  • Feb 22, 2011 4:27am Feb 22, 2011 4:27am
Here is my entry..
I won't give out live calls this is just for an example..
Attached Image (click to enlarge)
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  • #75
  • Feb 22, 2011 4:29am Feb 22, 2011 4:29am
Quoting sidefx
Very interesting thread, Nomask, thanks! Very keen to follow what PA you like to see for the 5min entry...entries around inner fibs have alluded me so far, a 123 break from here (EU) would probably be my signal to get on board..edit which has just triggered.
thanks side..
here is an update..
Attached Image (click to enlarge)
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  • #76
  • Feb 22, 2011 4:31am Feb 22, 2011 4:31am
Quoting nomask
Here is my entry..
I won't give out live calls this is just for an example..
Thanks for sharing this....there are very few threads where the author offers a glimpse of realtime entries....i wonder why You're one of the few real-dealers here. Completely appreciate your sentiments re thread not becoming live though.
  • #77
  • Feb 22, 2011 4:33am Feb 22, 2011 4:33am
Chart talks for itself..I'm off for lunch..
see you guys later
Attached Image (click to enlarge)
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  • #78
  • Feb 22, 2011 4:34am Feb 22, 2011 4:34am
  • #79
  • Feb 22, 2011 4:36am Feb 22, 2011 4:36am
Tentoerun owes me 6 pips because I got late with my entry when I was writing to him..
just kidding
Here is my live trade
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  • #80
  • Feb 22, 2011 4:43am Feb 22, 2011 4:43am
hey people, look at that!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 10 KB
Money is made by sitting, not trading. Jesse L. Livermore
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