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Fail Better

  • #981
  • Jul 19, 2011 7:56am Jul 19, 2011 7:56am
Quoting canados
CHFJPY
Nice Level looked for a reaction at 96.43, looked like i got it! :-)
  • #982
  • Jul 19, 2011 8:42am Jul 19, 2011 8:42am
Quoting Sgrb1
Any chart of the setup Jon, or was it just a touch trade off the SR level?

hey Sgbr1, yeah a touch trade. i posted cos untill now i have really been watching rather than trading this method. dont know why i picked on this one to take a trade with limit orders but glad it turned out well...i usually want some kind of PA to enter.
closed at 1.3203, which was my FTA and the first area i was gonna target but decided it was a bit washed out and that price might go lower. lucky i wasnt greedy!! about an RR of 1:1

thanx for the comments guys.


jon
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.gif Size: 29 KB
PATIENCE... DISCIPLINE
  • #983
  • Jul 19, 2011 12:27pm Jul 19, 2011 12:27pm
Quoting plund
Trade I took on eurusd.

Attachment

pat

Plund can you expand a bit more here. Did you trade the gap?
  • #984
  • Jul 19, 2011 1:21pm Jul 19, 2011 1:21pm
Quoting ljr
Plund can you expand a bit more here. Did you trade the gap?
Entry=orange line, take profit=green line, stop loss=red line. Entry off support, we also had a daily pin bar, was looking for the gap to get filled.

pat
  • #985
  • Jul 19, 2011 1:52pm Jul 19, 2011 1:52pm
hope everyone on board # silver trade lets hope it plays out nice
  • #986
  • Jul 19, 2011 2:06pm Jul 19, 2011 2:06pm
Quoting plund
Entry=orange line, take profit=green line, stop loss=red line. Entry off support, we also had a daily pin bar, was looking for the gap to get filled.

pat
I was looking at doing a carbon copy of the same trade but I was hoping to catch it in the morning rather than leave a limit in and unfortunately I wasn't up in time!

Well done, Pat. Great stuff.

Love your contributions.
  • #987
  • Edited 3:22pm Jul 19, 2011 2:13pm | Edited 3:22pm
This is my trade from today.

I went long the USD/JPY after it false broke the channel (and H1 swing lows) and began to rally.

You can see that three bars after my fill it comes back for another attempt and this time creates the clearly visible swing failure pattern.

I am looking for a move up to 79.50 to take 50% profit and then for a run onto 79.92 to cut the other half and reverse short.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy1.jpg Size: 66 KB
  • #988
  • Jul 19, 2011 2:40pm Jul 19, 2011 2:40pm
Quoting the_wizard
This is my trade from today.

I went long the USD/JPY after it false broke the channel (and H1 swing lows) and began to rally.

You can see that three bars after my fill it comes back for another attempt and this time creates the clearly visible swing failure pattern.

I am looking for a move up to 0.7950 to take 50% profit and then for a run onto 0.7992 to cut the other half and reverse short.
great..I'm waiting for this scenario
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Jul. 19 21.39.jpg Size: 36 KB
  • #989
  • Jul 19, 2011 3:27pm Jul 19, 2011 3:27pm
Quoting g_j_hook@yah
hey Sgbr1, yeah a touch trade...
It is really nice to get in those touch trades that work right off the bat, you know your level was spot on. Although it's good to have the confluence of PA, I see touch trades are regularly used by of most of the seniors. Takes a bit of skill I guess.

Nice trade man.
  • #990
  • Jul 19, 2011 11:49pm Jul 19, 2011 11:49pm
Quoting plund
Good trade. We had atr confluence as well.

pat
Hi Pat,
I sent you a pm concerning the ADR indicator.
Cheers!!
  • #991
  • Jul 20, 2011 12:07am Jul 20, 2011 12:07am
Quoting jeffokes
Hi Pat,
I sent you a pm concerning the ADR indicator.
Cheers!!
Hi Jeff,

There you go.

pat
Attached File(s)
File Type: mq4 Daily Range PeterE.mq4   2 KB | 415 downloads
  • #992
  • Jul 20, 2011 12:29am Jul 20, 2011 12:29am
Quoting the_wizard
I was looking at doing a carbon copy of the same trade but I was hoping to catch it in the morning rather than leave a limit in and unfortunately I wasn't up in time!

Well done, Pat. Great stuff.

Love your contributions.
Thank you very much Tom.

pat
  • #993
  • Jul 20, 2011 2:57am Jul 20, 2011 2:57am
Just a follow up on yesterdays USD/JPY trade.

I actually thought this had a decent chance of getting through the H1 channel top after it false broke the channel low so I let this run.

As you can see it formed the swing failure pattern at the top as it did at the bottom. Unfortunately, you don't see this when you are asleep ;-)

Now it comes down to damage limitation.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy2.jpg Size: 64 KB
  • #994
  • Edited 9:15am Jul 20, 2011 9:02am | Edited 9:15am
What a beauty of a e-mini trade that is. Entered with a 1,50 point stop, exited too early in hindsight @ 1326,50.
Attached Image (click to enlarge)
Click to Enlarge Name: emini_001.png Size: 40 KB
  • #995
  • Jul 20, 2011 11:24am Jul 20, 2011 11:24am
Quoting artov
What a beauty of a e-mini trade that is. Entered with a 1,50 point stop, exited too early in hindsight @ 1326,50.
You guys are making me proud! :-)
  • #996
  • Jul 20, 2011 1:10pm Jul 20, 2011 1:10pm
did anyone take this ?

I missed it by 10 pips

Happy Pips to anyone who took

http://content.screencast.com/users/...1-19.07.21.png
  • #997
  • Jul 20, 2011 2:00pm Jul 20, 2011 2:00pm
Quoting artov
What a beauty of a e-mini trade that is. Entered with a 1,50 point stop, exited too early in hindsight @ 1326,50.
Nice Arto!
  • #998
  • Jul 20, 2011 4:39pm Jul 20, 2011 4:39pm
usd/jpy has to be one of the worst pairs to trade, it seems like it's been trading sideways for a long time now, cept for the recent break below 80.
  • #999
  • Jul 20, 2011 10:35pm Jul 20, 2011 10:35pm
Visa - Buy at Resistance trade around 80.. TP can be 90. Sl can be under 75.
Attached Image
  • #1,000
  • Jul 20, 2011 10:44pm Jul 20, 2011 10:44pm
Quoting plund
Hi Jeff,

There you go.

pat
Pat,
Thank you so much!!
Jeff
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