hi, karthik.
really impresive your prediction, was this based in this method??
nice trades.
iŽll post my trades a little bit later.
ok, this was my trade today morning
we can see after the frankfurt open the volume and the ema rises, then we are looking for shorts at 7:55 we got a white candle that indicates us a posible change in the trend, this change is confirmed one hour later in the candle of 8:55 with another white candle and the broken of the trendline wich is a flag or a retrace of the main trend which is downtrend, we enter in a very good point just at the end of this candle and take a nice and easy profit with a maximun drawdown of 6-7 pips.
we can see after the frankfurt open the volume and the ema rises, then we are looking for shorts at 7:55 we got a white candle that indicates us a posible change in the trend, this change is confirmed one hour later in the candle of 8:55 with another white candle and the broken of the trendline wich is a flag or a retrace of the main trend which is downtrend, we enter in a very good point just at the end of this candle and take a nice and easy profit with a maximun drawdown of 6-7 pips.
exited....-21 pips...
took the long and got stopped and also went short EU and after initial + 6 revesrsed and stopped. - 10 and - 14. These are rare losses for me with this syatem.
My lessons...
wait for the london session to get under way, I think I was to early.
when on holiday don't pop in and trade....
Back Friday and resisting any more popping in.
Have a great day.
- #552
- May 4, 2011 2:27am May 4, 2011 2:27am
- | Commercial User | Joined May 2006 | 1,808 Posts
i never take a trade in between frankfurt-london open, usually when london open it changes his direcction.
karthik youŽve been stopped out just in the moment that the trade goes in your direction
lol...indeed....it happens...:-)
- #553
- May 4, 2011 2:30am May 4, 2011 2:30am
- | Commercial User | Joined May 2006 | 1,808 Posts
Hi NSK
took the long and got stopped and also went short EU and after initial + 6 revesrsed and stopped. - 10 and - 14. These are rare losses for me with this syatem.
My lessons...
wait for the london session to get under way, I think I was to early.
when on holiday don't pop in and trade....
Back Friday and resisting any more popping in.
Have a great day.
the long on GU wasnt wrong...i guess the stop placement was wrong...we got the volume right and the support right...a stop at 6448 would have been good and fetched us a good 35 pips now./...
update: closed at 4860 (+50). Fear of greed!!
Good morning/afternoon/evening/night all of you guys!
I've watched the euro in the last few hours and after a strong down wit rising volume ot got support in the 4060/80 area; then volume went down and after break of the down trend line i've jumped in, now at 4844 (+34) sl BE.
brax64
- #559
- May 4, 2011 3:11am May 4, 2011 3:11am
- | Commercial User | Joined May 2006 | 1,808 Posts
update: closed at 4860 (+50). Fear of greed!!
exited with +20....