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  • #463,381
  • Jun 15, 2011 3:28pm Jun 15, 2011 3:28pm
forming on the 1 min.....maybe now to 4125
  • #463,382
  • Jun 15, 2011 3:30pm Jun 15, 2011 3:30pm
Quoting Gleneagles
i don`t even buy green bananas trading dustbin trades for me is as close to stressfree trading as it comes
there is no doubt in my mind that you are spot on there. i said before and will again how much i respect a lot of traders on here that can hold a trade. dustbins will and always will be my favorite way to trade. on days like today though i would like to broaden my skills by seeing how the heck they do it. then possibly trade dustbins 90% of the time but when there is a runner have the knowledge to see that and act. does that make sense?
  • #463,383
  • Jun 15, 2011 3:33pm Jun 15, 2011 3:33pm
Quoting AllyB
there is no doubt in my mind that you are spot on there. i said before and will again how much i respect a lot of traders on here that can hold a trade. dustbins will and always will be my favorite way to trade. on days like today though i would like to broaden my skills by seeing how the heck they do it. then possibly trade dustbins 90% of the time but when there is a runner have the knowledge to see that and act. does that make sense?
lol, for me, it really is just getting away from the computer. For instance, my short from today is from last night @ 4477. Still looking for lower. We still follow our if-then-if-then stuff, it's just the logic check only happens once a day at the daily close

I certainly can't be making decisions on incomplete candles, now can I?
  • #463,384
  • Jun 15, 2011 3:33pm Jun 15, 2011 3:33pm
Quoting sisse
Based on what AllyB?

As I mentioned in the morning in my case below 1.428x opened 1.412x without much effort (didnt expect today but you saw what happened ...) but that was based on daily Supports. Is your 1.413x also on daily chart?
based on my H4 chart
Attached Image (click to enlarge)
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  • #463,385
  • Jun 15, 2011 3:34pm Jun 15, 2011 3:34pm
Quoting Mr Hatch
4132.8 is the -50%-fib from the top. got that as well.
when you look at your 4284, you can see that if not tested properly, the area above up to around 4323ish will for sure stay marked on my charts, so that it doesn't stick a finger into my ass once we return to that place. better now, than later.
Good day Mr Hatch indeed you are right this zone have not been tested for stop run as yet either mid London so the Pa is looking to get higher are looking for stop run.
Following the current trend
  • #463,386
  • Jun 15, 2011 3:35pm Jun 15, 2011 3:35pm
Quoting Gleneagles
i don`t even buy green bananas trading dustbin trades for me is as close to stressfree trading as it comes
I have never seen anyone take 90 % trades with stop loss so lower ! impressive !
  • #463,387
  • Jun 15, 2011 3:36pm Jun 15, 2011 3:36pm
Quoting Venice
lol, for me, it really is just getting away from the computer. For instance, my short from today is from last night @ 4477. Still looking for lower. We still follow our if-then-if-then stuff, it's just the logic check only happens once a day at the daily close

I certainly can't be making decisions on incomplete candles, now can I?
you make it sound soooooooooo easy LOL
  • #463,388
  • Jun 15, 2011 3:38pm Jun 15, 2011 3:38pm
Quoting AllyB
there is no doubt in my mind that you are spot on there. i said before and will again how much i respect a lot of traders on here that can hold a trade. dustbins will and always will be my favorite way to trade. on days like today though i would like to broaden my skills by seeing how the heck they do it. then possibly trade dustbins 90% of the time but when there is a runner have the knowledge to see that and act. does that make sense?
pick your levels on H1, then H4 for a start and adjust your position.
just creating the chart-levels and throw an eye on them from time to time will give you practice while you keep going with the dustbin-trades.
  • #463,389
  • Jun 15, 2011 3:39pm Jun 15, 2011 3:39pm
Quoting needpips
forming on the 1 min.....maybe now to 4125
a raging bull on the 10 second chart.
those who can, do. those who cant, talk about those who can
  • #463,390
  • Jun 15, 2011 3:39pm Jun 15, 2011 3:39pm
Quoting Mr Hatch
4132.8 is the -50%-fib from the top. got that as well.
when you look at your 4284, you can see that if not tested properly, the area above up to around 4323ish will for sure stay marked on my charts, so that it doesn't stick a finger into my ass once we return to that place. better now, than later.
that's a nice chart hatch ... goes in my goodie folder
  • #463,391
  • Jun 15, 2011 3:40pm Jun 15, 2011 3:40pm
Quoting needpips
forming on the 1 min.....maybe now to 4125
PA is changing don't return into short until the PA say so again that't what the market what to gather seller at this time if the PA is changing. Be careful
Following the current trend
  • #463,392
  • Jun 15, 2011 3:41pm Jun 15, 2011 3:41pm
Quoting AllyB
based on my H4 chart
Thnx mate but I don't see how are you getting to that level on h4.

In any case close enough to my daily Support so we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #463,393
  • Jun 15, 2011 3:41pm Jun 15, 2011 3:41pm
Quoting AllyB
there is no doubt in my mind that you are spot on there. i said before and will again how much i respect a lot of traders on here that can hold a trade. dustbins will and always will be my favorite way to trade. on days like today though i would like to broaden my skills by seeing how the heck they do it. then possibly trade dustbins 90% of the time but when there is a runner have the knowledge to see that and act. does that make sense?
the real benefit trading dustbins is when the market is ranging or consolidating, in a strong trend everyone can grab pips as long as they don`t ignore the trend or try to pick tops and/or bottoms against the trend

splitting you trade in smaller parts and using a trade management ea is one way of trying to latch onto a runner

i dont even bother trying to chase down the last pip in a trend, what i miss out on in pip count, i make up for in consistency and compounding

i bargain on a few bites out of the cherry, after all i don`t know how big the cherry will be, they don`t come prepacked in small, medium, large and WOW before the time
" Never let the past hold the future to ransom "
  • #463,394
  • Jun 15, 2011 3:42pm Jun 15, 2011 3:42pm
Quoting Mr Hatch
pick your levels on H1, then H4 for a start and adjust your position.
just creating the chart-levels and throw an eye on them from time to time will give you practice while you keep going with the dustbin-trades.
good advice my friend
  • #463,395
  • Jun 15, 2011 3:43pm Jun 15, 2011 3:43pm
shorted at 1.4181...off the pennant....looking for 1.41 at least
  • #463,396
  • Jun 15, 2011 3:43pm Jun 15, 2011 3:43pm
Quoting AllyB
you make it sound soooooooooo easy LOL
lol, catching the top'ish was just pure chance and circumstances. It was originally just a 15m play but then once the daily closed, I set stops a few pips above the weekly pp and it never got triggered.
  • #463,397
  • Jun 15, 2011 3:43pm Jun 15, 2011 3:43pm
Quoting gatorinla
a raging bull on the 10 second chart.
Good day Mr Gatorinia i never heard of that term before will try and google such a pattern although i don't trade pattterns
Following the current trend
  • #463,398
  • Jun 15, 2011 3:44pm Jun 15, 2011 3:44pm
holding strong. i'm not exactly confident on a solid fib retrace here, so i have coverage at 23.6.
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  • #463,399
  • Jun 15, 2011 3:45pm Jun 15, 2011 3:45pm
Quoting Gleneagles
i dont even bother trying to chase down the last pip in a trend, what i miss out on in pip count, i make up for in consistency and compounding
This is where it is at. A lot of people should learn from this statement.

Don't try and catch tops or bottoms, just grab a chunk of the middle of the movement. Makes for a much smoother trading experience. lol
  • #463,400
  • Jun 15, 2011 3:46pm Jun 15, 2011 3:46pm
Quoting Larseg
Pay The Limit if you consider covering its probably not the time yet

also breaking 4400 not 4500 is a fairly big thing...

4300 even more so... (4321)

Reckon your smiling now
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