Trades based on Market Geometry and Price Action | Page 37 | Forex Factory

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Trades based on Market Geometry and Price Action

  • #721
  • Jun 14, 2011 10:43am Jun 14, 2011 10:43am
Quoting dailyking
yes of course. because this market is too volatile. But the worst draw down i can accept in a week is 5%...not more. and this is very rare..

i just put eur/yen and gbp/yen on my shit list. mostly eur/yen, giving good signals, and failing to follow up. i don't want such pair in my basket. did you go long on eur/usd ?
im just trying to long eu right now from 144541, still long on gu...i always set my trades at 2 to 1 reward to risk...i could have a good night and be back to breakeven for the week...maybe ill try adding a % trail stop and also something so i can follow the prevailing trend a little better...so how long does a pair stay on your "shit list" before you would trade it again?
  • #722
  • Jun 14, 2011 10:48am Jun 14, 2011 10:48am
i strongly recommend you not to go long on gbp/usd...the daily bars you are seeing now are fake. wait for the 1;00 pm close to make a decision...
i still think this pair is short.

the eur/yen will stay there till it gives a very good signal. and then, will trade with half investment...
  • #723
  • Jun 14, 2011 11:22am Jun 14, 2011 11:22am
Quoting dailyking
i strongly recommend you not to go long on gbp/usd...the daily bars you are seeing now are fake. wait for the 1;00 pm close to make a decision...
i still think this pair is short.

the eur/yen will stay there till it gives a very good signal. and then, will trade with half investment...
on gu, might have a short below 163810...if that comes i will close my long
  • #724
  • Jun 14, 2011 12:04pm Jun 14, 2011 12:04pm
it can work...let's wait and see. i know tonight, the beautiful set up will be the eur/gbp
  • #725
  • Jun 14, 2011 12:20pm Jun 14, 2011 12:20pm
Quoting dailyking
it can work...let's wait and see. i know tonight, the beautiful set up will be the eur/gbp
was tryn to get long on eu gb already, you think the same or short?
  • #726
  • Jun 14, 2011 12:39pm Jun 14, 2011 12:39pm
eugb long set up im looking at...maybe back up to 89336
Attached Image (click to enlarge)
Click to Enlarge Name: eugb.gif Size: 27 KB
  • #727
  • Jun 14, 2011 1:22pm Jun 14, 2011 1:22pm
i'm sure it will give a good entry set up...look at the usd/cad too, nice short coming..
  • #728
  • Jun 14, 2011 1:57pm Jun 14, 2011 1:57pm
Sugarbelly, how much (in term of percentage), do you make monthly?
  • #729
  • Edited 3:18pm Jun 14, 2011 2:25pm | Edited 3:18pm
impossible to say, but 50% is feasible and I don't have a lot of time....
So that's about average. I have been known to do 700 % in one day, but that was a bit stressfull as you can imagine.
I went without one single loss for two years. Now I use a system that gives me 148 winning trades and only two losses.
The system is not for sale. I am looking around for good traders who we can invite and improve on the system and the trades. So do your best DailyKing
  • #730
  • Jun 14, 2011 4:35pm Jun 14, 2011 4:35pm
i cancelled all my orders which were not executed...
  • #731
  • Jun 14, 2011 4:47pm Jun 14, 2011 4:47pm
do you use it on daily or 4 hr time frames ?
  • #732
  • Jun 14, 2011 5:09pm Jun 14, 2011 5:09pm
15m 1hr 4hr and daily for trendcheck
  • #733
  • Jun 14, 2011 5:11pm Jun 14, 2011 5:11pm
ok no pbm
  • #734
  • Jun 14, 2011 5:12pm Jun 14, 2011 5:12pm
how many pairs do you trade ?
  • #735
  • Jun 14, 2011 5:39pm Jun 14, 2011 5:39pm
just bought eur/gbp at 0.8822 sl=0.8810 tp1=0.8862 tp2=0.8900

this is a 5 min entry, but the set up is perfect...even if there is no volume now...

Attached Image (click to enlarge)
Click to Enlarge Name: eur.gbp.gif Size: 18 KB
  • #736
  • Jun 14, 2011 6:02pm Jun 14, 2011 6:02pm
buy gold at 1,526.20 sl 1,510.00 tp1=1,540.00 tp2-1,550.00

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 14 KB
  • #737
  • Jun 14, 2011 6:51pm Jun 14, 2011 6:51pm
sitten on a few trades short nz jp, ca ch, eu au, long gb us, au ca...dk what % do you average monthly?
  • #738
  • Jun 14, 2011 6:55pm Jun 14, 2011 6:55pm
average return depends on market conditions...but i can say more than 12%, when i'm conservative...with 1% per transaction
  • #739
  • Jun 14, 2011 7:18pm Jun 14, 2011 7:18pm
Quoting dailyking
average return depends on market conditions...but i can say more than 12%, when i'm conservative...with 1% per transaction
so you have months where you are down then??
  • #740
  • Jun 14, 2011 7:22pm Jun 14, 2011 7:22pm
no ...no down month...
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