making money in JimB2468 trading room
- #182
- Edited 7:32am Jun 27, 2011 7:25am | Edited 7:32am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
I rarely trade the asian myself. But pc called me so i thought i would look. Just traded .1 lot though. I use to trade london session but same thing, sleep deprivation was kicking in.
Nice trade in london, well played.
Happy Trading
JTee1
- #184
- Jun 27, 2011 9:49am Jun 27, 2011 9:49am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
15 pips
1.5% profit
Pigs live to eat again and hogs go to slaughter. Other words don,t get greedy
1.5% profit
Pigs live to eat again and hogs go to slaughter. Other words don,t get greedy
15 pips
1.5% profit
Pigs live to eat again and hogs go to slaughter. Other words don,t get greedy
took the second shot 1.4243,,,still watching flags,,pretty good combo,,i am watching :-)
thx
making money in JimB2468 trading room
- #187
- Jun 27, 2011 10:24am Jun 27, 2011 10:24am
- | Joined Jan 2011 | Status: Do good and throw it in the sea | 61 Posts
looks like it made 15 pips though
Happy Trading
- #189
- Jun 27, 2011 11:00am Jun 27, 2011 11:00am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
On this, the market for more than 150 pips go from the low of the day, I think it's not just news but also in volume. Instead of the light that you can only get smoke from the fire and the taste of defeat.
Happy Trading
Hi there.
Would like to ask, what does the Green Box which appears on the chart indicate?
Another would be, I already set up the 'ay-donchian-channel" to 15m.
But as i look through screenshots posted, it would appear that the donchian channels are somewhat tighter?
Is the another donchian channel setup?
Thanks in advance for clarification
Would like to ask, what does the Green Box which appears on the chart indicate?
Another would be, I already set up the 'ay-donchian-channel" to 15m.
But as i look through screenshots posted, it would appear that the donchian channels are somewhat tighter?
Is the another donchian channel setup?
Thanks in advance for clarification
- #192
- Jun 27, 2011 4:58pm Jun 27, 2011 4:58pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Hi there.
Would like to ask, what does the Green Box which appears on the chart indicate?
Another would be, I already set up the 'ay-donchian-channel" to 15m.
But as i look through screenshots posted, it would appear that the donchian channels are somewhat tighter?
Is the another donchian channel setup?
Thanks in advance for clarification
Happy Trading
JTee1
- #195
- Jun 27, 2011 5:53pm Jun 27, 2011 5:53pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
how much weight do u put on the very botom indi //1hslow,4hfast//?
and the second one from bottom,,''mtf miss'' pips,,,i think u consider take a trade when there are just 3 lines/time frames// agreeing? of course i am not questioning the PA itself,,these indies are just filters :-)
thx
I don't really concern myself to much with the 1 hr slow and 4 hr fast trix, more concerned with price action as you mentioned.
As far as 3 tf's aligning there is definitely some good moves. After watching and charting for to many months, i came to the conclusion that these were the highest probability trades. I'm looking to make 1 trade a day and not chase the market. But let the market come to me.
For example tomorrow i know i will be trading between 10:15 and 11:30 EST due to news releases. I will turn my speaker on then and wait for a call for permission to trade. Today I had more time and have been looking at an alternative trade strategy that aligns with Divergences flag trading, but uses same filters as my template but still incorporates my strategy all in the same template. So far it has been very successful with more trades but has a little more draw down. I like a clear entry and exit strategy.
Happy Trading
JTee1
- #196
- Jun 27, 2011 6:01pm Jun 27, 2011 6:01pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Ah okies. Understood!
So its 5min instead of 15min.
As for the green box which appears on the chart, what does that indicate?
Thanks
The green box is set to start of london session 3:00 am EST and goes through overlap with us session and ends 12:00 EST. I use it to highlight the optimum trade times I like. You can adjust the times for your trading times.
Happy Trading
JTee1
- #197
- Jun 27, 2011 11:01pm Jun 27, 2011 11:01pm
Konata
The green box is set to start of london session 3:00 am EST and goes through overlap with us session and ends 12:00 EST. I use it to highlight the optimum trade times I like. You can adjust the times for your trading times.
Happy Trading
JTee1
I trade the London session through NY session, so it fits my trading time really well.
As for my precious post, was wondering if you would have taken the trade and why.
Thanks again for your help!