Trading Major Lines | Page 69 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Horizontal Lines on Round/Major Numbers? 30 replies

execution time for major broker, major pairs 3 replies

Trading With Speed Resistance Lines 12 replies

Trading With Median Lines book 1 reply

How to Build a Trading System around these Lines 15 replies

Attachments: Trading Major Lines
Exit Attachments

Trading Major Lines

  • #1,361
  • Jun 30, 2011 4:47am Jun 30, 2011 4:47am
Waiting on GBPUSD all week

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd weekly.gif Size: 23 KB


Signal candle near the 50 fibo

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4hr.gif Size: 25 KB


Two entrys on 5 min chart

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 5min.gif Size: 22 KB


Both set to BE, love this method.
  • #1,362
  • Jun 30, 2011 5:06am Jun 30, 2011 5:06am
Quoting Vaydon
Waiting on GBPUSD all week

Attachment

Signal candle near the 50 fibo

Attachment

Two entrys on 5 min chart

Attachment

Both set to BE, love this method.

Super entry boss....congrats & best of luck!
  • #1,363
  • Jun 30, 2011 5:15am Jun 30, 2011 5:15am
Quoting Vaydon
Waiting on GBPUSD all week

Attachment

Signal candle near the 50 fibo

Attachment

Two entrys on 5 min chart

Attachment

Both set to BE, love this method.

Congratulation,

this is book setup. Unfortunatelly I didn't catch it, will wait for retracement on next 4H candle.

Green pips buddy
  • #1,364
  • Jun 30, 2011 7:40am Jun 30, 2011 7:40am
Through my trading career, I have created formulas, invented algorithms, bent lines, designed the most sophisticated of indicators, developed EAs, utilized robots, and mixed a plethora of strategies and methodologies. After 20,000+ hours of trading, I have come to realize, as many of you have, that the method presented within this thread combined with Graeme's teachings, is indeed "the answer".
  • #1,365
  • Jun 30, 2011 8:40am Jun 30, 2011 8:40am
Another chance to add a short

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4hr.gif Size: 25 KB


5 min chart entry

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 5min.gif Size: 23 KB


Waiting to move to BE
  • #1,366
  • Jun 30, 2011 10:40am Jun 30, 2011 10:40am
Quoting Vaydon
Waiting on GBPUSD all week

Attachment

Signal candle near the 50 fibo

Attachment

Two entrys on 5 min chart

Attachment

Both set to BE, love this method.

Congrats!! I would say excellent timing!
  • #1,367
  • Jun 30, 2011 10:41am Jun 30, 2011 10:41am
So we finally got the signal we've all been waiting for to short GU. It even made approx a 100 move, with retrace price action to add another position. Then it retraced right back and stopped us out at BE...well at least for me anyways.

I find that rather depressing so I've decided that instead of adding new positions, I am closing out partial positions so I gain "something" when this happens...and that feels good
  • #1,368
  • Jun 30, 2011 10:51am Jun 30, 2011 10:51am
Quoting Sweet Pip
So we finally got the signal we've all been waiting for to short GU. It even made approx a 100 move, with retrace price action to add another position. Then it retraced right back and stopped us out at BE...well at least for me anyways.

I find that rather depressing so I've decided that instead of adding new positions, I am closing out partial positions so I gain "something" when this happens...and that feels good
Sure it may feel good now but what happens when you cash out half your position for 100 pips and then the other half for 1000. You just missed out on 900 pips...
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,369
  • Jun 30, 2011 10:52am Jun 30, 2011 10:52am
The first two positions are still hanging in but it came real close within 5 pips of one of them, third one died out at BE.
  • #1,370
  • Jun 30, 2011 11:04am Jun 30, 2011 11:04am
My feeling is that GU is not ready to take a direction yet. It seems like it's floating around 1.6. I'd say fundamentals are holding the pound from going down.
  • #1,371
  • Jun 30, 2011 1:27pm Jun 30, 2011 1:27pm
Should we have to analyse, how many of our good entries that fetched 100-400 pips after entry but died at BE while waiting for 500-1000 pips? If the number is over say 5-10 trades in a 2-3 months period...how should we consider it?.... thanks in advance for your valuable replies/suggestions
  • #1,372
  • Jun 30, 2011 2:09pm Jun 30, 2011 2:09pm
Quoting IbrahimTamim
your trading system is great
i use a trading system very similar to it to it
Ibrahim,
If your system is similar to this, can you elaborate on it?
Thanks
  • #1,373
  • Jun 30, 2011 2:39pm Jun 30, 2011 2:39pm
Quoting ava_ind
Should we have to analyse, how many of our good entries that fetched 100-400 pips after entry but died at BE while waiting for 500-1000 pips? If the number is over say 5-10 trades in a 2-3 months period...how should we consider it?.... thanks in advance for your valuable replies/suggestions
Ava,
Although I haven't been able to catch any of those, I believe that being able to realize 200 pips per trade or say per week and compound is something that may best suit my style. In effect chances to get 1000 pips in a shot require lots of time, patience, discipline, and many more attributes that are build over time and experience. Just my insight.

Cheers
  • #1,374
  • Jun 30, 2011 2:52pm Jun 30, 2011 2:52pm
Quoting zusch
Sure it may feel good now but what happens when you cash out half your position for 100 pips and then the other half for 1000. You just missed out on 900 pips...
No use cryin over what we missed out on and that includes signals too which does happen. Actually if it does go on for another 900 pips then I'll still effectively gain 450 pips of it (losing 450 not 900pips )...and I can live with that very comfortably
  • #1,375
  • Jul 1, 2011 6:44am Jul 1, 2011 6:44am
hi everyone..another entry i took on cable..managed to move it to b.e for now..charts on the way
  • #1,376
  • Jul 1, 2011 7:09am Jul 1, 2011 7:09am
charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-07-01_1444.png Size: 38 KB
Click to Enlarge Name: 2011-07-01_1447.png Size: 46 KB
Click to Enlarge Name: 2011-07-01_1448.png Size: 83 KB
  • #1,377
  • Jul 1, 2011 7:19am Jul 1, 2011 7:19am
Quoting tradista
My feeling is that GU is not ready to take a direction yet. It seems like it's floating around 1.6. I'd say fundamentals are holding the pound from going down.
I do feel things about directions/timing too.However i trade against my feelings deliberately if my technical analysis says other way around.
Because like most of you already know as a trader I just have to do that..
If i let my feelings effect my trading decision once then it will most likely take over all my trading skills by feeding me with greed,fear etc..
  • #1,378
  • Jul 1, 2011 7:47am Jul 1, 2011 7:47am
What used sl? thanks
  • #1,379
  • Jul 1, 2011 9:26am Jul 1, 2011 9:26am
Quoting nomask
I do feel things about directions/timing too.However i trade against my feelings deliberately if my technical analysis says other way around.
Because like most of you already know as a trader I just have to do that..
If i let my feelings effect my trading decision once then it will most likely take over all my trading skills by feeding me with greed,fear etc..
Thanks for the wise words, Nomask. You're absolutely right about not letting the feelings interfere with what the charts are saying. I had indeed a winning position on EU that I deliberately closed this week based on fear (news, announcements, etc) with 150 pips profit. Later on, the bulls continued their march towards +300 pips.
  • #1,380
  • Jul 1, 2011 2:49pm Jul 1, 2011 2:49pm
Quoting ava_ind
Should we have to analyse, how many of our good entries that fetched 100-400 pips after entry but died at BE while waiting for 500-1000 pips? If the number is over say 5-10 trades in a 2-3 months period...how should we consider it?.... thanks in advance for your valuable replies/suggestions

This is a good point. Let's discuss this? I've had at least 4 positions die after reaching 200+ pips since April.
0 traders viewing now