Can you post your indicators
Thank you
Here is a 5 minute snapshot of today - only 2 trades compared to last monday's 13... about the same amount of profit.
Make Money Everyday - A Guide to Short-Term Trading
- #485
- May 24, 2011 7:30am May 24, 2011 7:30am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
Mongolian you have a very strong foundation there in your strategy, however some further tweaking is probably required, still the foundation is very very solid. On a side note your posts are very much appreciated and I must admit that your contribution is very much appreciated as well! Thanks! 
- #486
- May 24, 2011 7:53am May 24, 2011 7:53am
Thanks! I think PA is the key to be successfull on the forexmarkt, if mix this with discipline and patience! i know an another awesome strategy, it is the dance (CHOROS), does anyone know this? it based on PA too... iīm a little bit impatient, so i need something what i can trade, if i havenīt opportunities for the Dance...
This strategy seems to be very profitable and it isnīt a typical system with many indicators, what wouldnīt work after 1 year..
It would help me, if you post your chart! Thanks!
I may have to post tonight's chart in the morning, had a big day. My chart from last night is on the previous page. Also if you go back from there the others have posted some great charts that you may not have seen either
Mongolian you have a very strong foundation there in your strategy, however some further tweaking is probably required, still the foundation is very very solid. On a side note your posts are very much appreciated and I must admit that your contribution is very much appreciated as well! Thanks!
Mongolian
- #498
- Edited 12:17am May 25, 2011 12:06am | Edited 12:17am
First Chart:
Wasn't all that focussed at the charts last night, was at a family members house on laptop prior to going to dinner, so perhaps that didn't help
1- Missed long at 1.4075, so got in 3-4 pips into the move, price went close to next level then came back. -6
2- Yellow arrow at 1.4062 is where I could have had an order for long, same for move next to it, but wasn't really on the ball so missed it.
3- Limit order long at 1.4075, perhaps should have waited for price to reach level above and retrace for this long move. -6
4- Not sure if I should have been thinking short here yet, but I did, went against me 3 so closed it. It eventually made to short to the pivot which was my PT. -3
Went to dinner at this point.
Second Chart:
First two trades on left are from earlier chart.
1- Limit order filled for long at 1.4087, PT: 1.4100. +12
Thumb down is where I missed the next long leg up, talking to a family member. Woopsy.
2- Order filled at 1.4075 for long, chart says BE, but there was actually some profit. Moved stop too early, price eventually reached PT (just). +3.5
= +0.5 for the night.
As pa_pips mentioned in his post, I still need to get used to first identifying how heavily price is trending, then adjusting my trading style to fit. There were many opportunities to be had last night, I just need to picking my spots.
I would love some comments from everyone else on how they would have traded the charts posted!
Cheers guys,
Nic
Wasn't all that focussed at the charts last night, was at a family members house on laptop prior to going to dinner, so perhaps that didn't help
1- Missed long at 1.4075, so got in 3-4 pips into the move, price went close to next level then came back. -6
2- Yellow arrow at 1.4062 is where I could have had an order for long, same for move next to it, but wasn't really on the ball so missed it.
3- Limit order long at 1.4075, perhaps should have waited for price to reach level above and retrace for this long move. -6
4- Not sure if I should have been thinking short here yet, but I did, went against me 3 so closed it. It eventually made to short to the pivot which was my PT. -3
Went to dinner at this point.
Second Chart:
First two trades on left are from earlier chart.
1- Limit order filled for long at 1.4087, PT: 1.4100. +12
Thumb down is where I missed the next long leg up, talking to a family member. Woopsy.
2- Order filled at 1.4075 for long, chart says BE, but there was actually some profit. Moved stop too early, price eventually reached PT (just). +3.5
= +0.5 for the night.
As pa_pips mentioned in his post, I still need to get used to first identifying how heavily price is trending, then adjusting my trading style to fit. There were many opportunities to be had last night, I just need to picking my spots.
I would love some comments from everyone else on how they would have traded the charts posted!
Cheers guys,
Nic
First Chart:
Wasn't all that focussed at the charts last night, was at a family members house on laptop prior to going to dinner, so perhaps that didn't help
1- Missed long at 1.4075, so got in 3-4 pips into the move, price went close to next level then came back. -6
2- Yellow arrow at 1.4062 is where I could have had an order for long, same for move next to it, but wasn't really on the ball so missed it.
3- Limit order long at 1.4075, perhaps should have waited for price to reach level above and retrace for this long move. -6
4- Not sure if...
1. trade: we had a very strong uptrend, so i would wait for a bigger correction and would set my limit buy order by 1.4063, i think
2. trade: this i would take too.
3. i wouldnīt take this, because a lower high was forming and for me it means attention, the trend turns down.
second chart
4. trade. by 1.4075 we have a strong support, the price tried 3 times to break this level and failed once again, i wouldnīt take this trade.
5. trade: i wouldnīt go long because a new uptrend wasnīt really forming.
just my thoughts..
cheers