There are a few daily trading oportunities that conform to the rules of the strategy today, however, the candle sizes are way too big for my comfort. Therefore, will pass on the daily charts today.
Price Action Trading with Indicators! The Freebie System
- #4,282
- Edited 7:39pm Aug 2, 2011 7:21pm | Edited 7:39pm
Update on these trades from last week...
EUGBP - Second position hit B/E
EURJPY - Second position hit target... +147
GBPJPY - Second position hit target... +102
CADJPY - First position hit target (+50). Second position hit target... +157
All positions closed after three days.
Totals for these trades...
First positions = +225 pips
Second positions = +406 pips
Total pips = 631 pips
Awesome trading!
Damn The Torpedoes, Full Speed Ahead!
- #4,283
- Aug 2, 2011 11:27pm Aug 2, 2011 11:27pm
wtg
Update on these trades from last week...
EUGBP - Second position hit B/E
EURJPY - Second position hit target... +147
GBPJPY - Second position hit target... +102
CADJPY - First position hit target (+50). Second position hit target... +157
All positions closed after three days.
Totals for these trades...
First positions = +225 pips
Second positions = +406 pips
Total pips = 631 pips
- #4,288
- Aug 3, 2011 1:15am Aug 3, 2011 1:15am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Update on these trades from last week...
EUGBP - Second position hit B/E
EURJPY - Second position hit target... +147
GBPJPY - Second position hit target... +102
CADJPY - First position hit target (+50). Second position hit target... +157
All positions closed after three days.
Totals for these trades...
First positions = +225 pips
Second positions = +406 pips
Total pips = 631 pips
WTF
You only need these kind of trades once a week and you set. You can have a life besides trading and laughing all the way to the bank.
Great trading !!l
Udine
Sleep less, live fast, as it aint gonna last 
- #4,290
- Aug 3, 2011 1:19am Aug 3, 2011 1:19am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
WTF
You only need these kind of trades once a week and you set. You can have a life besides trading and laughing all the way to the bank.
Great trading !!l
Udine
Ive tried to tell people to move to a higher TF if they do not have the time for smaller TFs....only a few listen(prof8t
)....Guess everyone thinks they will make more on the smaller TFs, which could be true but is alot more work & stress! Why do you guys think i trade higher TFs for "Bill Money" then trade smaller TFs for "FUN Money"
- #4,291
- Aug 3, 2011 1:29am Aug 3, 2011 1:29am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Ive tried to tell people to move to a higher TF if they do not have the time for smaller TFs....only a few listen(prof8t
These trades shows you have been right all along
Udine
Sleep less, live fast, as it aint gonna last
- #4,292
- Aug 3, 2011 1:31am Aug 3, 2011 1:31am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
These trades shows you have been right all along
Udine
Scroll back in the thread man...i have shown 1000-2000(pips) with screen shots of profits from trading the H1-D1 charts before....but no one wants to wait for the MONEY to FLOW....
- #4,293
- Aug 3, 2011 1:34am Aug 3, 2011 1:34am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Scroll back in the thread man...i have shown 1000-2000(pips) with screen shots of profits from trading the H1-D1 charts before....but no one wants to wait for the MONEY to FLOW....
I know, but it is a lot of "fun" playing the shorter timeframes.
I will add the longer TF's also to my playlist in September !!
(August is only good for holidays
)Udine
Sleep less, live fast, as it aint gonna last
- #4,294
- Edited 1:46am Aug 3, 2011 1:35am | Edited 1:46am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
- #4,295
- Aug 3, 2011 1:38am Aug 3, 2011 1:38am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
I know, but it is a lot of "fun" playing the shorter timeframes.
I will add the longer TF's also to my playlist in September !!
(August is only good for holidays
Udine
For holidays? Sorry i do not get what you are hinting at.....want to go into a little more detail?
- #4,296
- Aug 3, 2011 1:47am Aug 3, 2011 1:47am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
yes sir!!
many times with this system when a trade is taken it moves directly into profit and turns out to be a big winner..
this trade was hovering around the entry price for long..
trades which move directly into profit have a higher chance of winning for me..
so just out of some experience closed the trade..
Look at your UsdChf chart now....Would you have hit TP? or atleast made a 1:1 Risk:Reward?
The markets WERE NOT OPEN....TO make better trades...ONLY trade a pair if the MARKET(S) for THAT pair are OPEN
So if trading any pair with JPY in it...Make sure Tokyo is open or the other market for that pair.
If a pair with Eur in it....Make sure London/Frankfurt is open or the other market for that pair.
Pairs have a better change of big moves when the BIG BANKS for that country are OPEN.....I am not saying you have to follow that...but it might help you find and catch the HUGE moves.
- #4,299
- Aug 3, 2011 1:56am Aug 3, 2011 1:56am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #4,300
- Aug 3, 2011 1:58am Aug 3, 2011 1:58am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
Sure,
this friday I'm off for three weeks of this (Formentera - Balearic islands) with the family for some R & R:
http://www.google.it/search?q=formentera&hl=it&rlz=1T4ASUT_itIT424IT429&prmd=ivnsm&tbm=isch&tbo=u&source=univ&sa=X&ei=xPA4TsOyAoHPhAfIiOSeAg&ved=0CGQQsAQ&biw=1366&bih=622
Udine
OH OK!
lol i thought you ment BANK HOLIDAYS or something! LMAO I was like WTF! is he talking about...the Bank Holidays already passed for this week. Looks really nice....dont get too drunk on the beach lol