Feel the Fear and do it anyway!!!
- #122
- Aug 9, 2011 8:33am Aug 9, 2011 8:33am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Feel the Fear and do it anyway!!!
- #123
- Aug 9, 2011 8:43am Aug 9, 2011 8:43am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Thank god the US Calvary got here at last!!!
God Bless America!!!
God Bless America!!!
Feel the Fear and do it anyway!!!
- #124
- Aug 9, 2011 8:52am Aug 9, 2011 8:52am
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
Thank god the US Calvary got here at last!!!
God Bless America!!!
Nice trade mate. Nor for me that 1 min TF!
jon
PATIENCE... DISCIPLINE
- #125
- Aug 9, 2011 9:15am Aug 9, 2011 9:15am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
there she blows!!
Nice trade mate. Nor for me that 1 min TF!
jon
Thanks for that hope you don't mind me keep posting on your thread but now I've discovered how to post charts, I just can't stop!!!
If you like I will start a thread of my own, its up to you I don't mind either way.
I know you don't like the 1 min charts but at least it was one of your setups, sell the pullback in a strong move down.
Next time you see a strong move have a peek at the 1 min chart it will surprise you how clear the price action is, especially if you use Hiekin Ashi candles. You can get some really tight entries using your trendline break method.
Anyway thanks for your comments and for putting up with my constant postings.
All the best Clive.
Feel the Fear and do it anyway!!!
- #126
- Edited 11:21am Aug 9, 2011 10:49am | Edited 11:21am
- | Joined May 2010 | Status: Trader | 357 Posts
Hi Jon
Thanks for that hope you don't mind me keep posting on your thread but now I've discovered how to post charts, I just can't stop!!!
If you like I will start a thread of my own, its up to you I don't mind either way.
I know you don't like the 1 min charts but at least it was one of your setups, sell the pullback in a strong move down.
Next time you see a strong move have a peek at the 1 min chart it will surprise you how clear the price action is, especially if you use Hiekin Ashi candles. You can get some really tight entries...
Are you still in the EUR/CHF short Clive? Hope you are it's about 200 pips from the wedge breakout now!
- #128
- Aug 9, 2011 3:25pm Aug 9, 2011 3:25pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
edit: 475 pips! please tell me you are still in this
I'm going to break your heart now and tell you that no I'm not in it still!!
Sorry to say that after bombing down 70 pips in the first 7 candles it bounced back and went sideways for about an hour. guess what ? I got bored and closed it out for a magnificent 30 pips!!!
You have to laugh
don't you or you'd start crying!
Heres the problem I'm a bit of a novice at this trading game, sure I'm pretty good at choosing the right pairs to trade and sure I'm pretty good at safely entering(I had 4 goes at this trade today getting stopped out for break even on everyone) But heres the crux of the matter:
My trade management stinks!!!:nerd:
But don't worry I'm learning fast as I go and hopefully I will get it right next time.
Oh well tomorrows another day lets see if I've learnt a lesson tomorrow.
Sorry to let you down pal, but thats trading!!!!
Feel the Fear and do it anyway!!!
Hi Stricky
I'm going to break your heart now and tell you that no I'm not in it still!!
Sorry to say that after bombing down 70 pips in the first 7 candles it bounced back and went sideways for about an hour. guess what ? I got bored and closed it out for a magnificent 30 pips!!!
You have to laugh
Heres the problem I'm a bit of a novice at this trading game, sure I'm pretty good at choosing the right pairs to trade and sure I'm pretty good at safely entering(I had 4 goes at this trade today getting...
Still it was a great entry, it pulled back a while later and tested the base of the triangle presume this is when you closed out the trade.
Over the last few days I've started to see the great potential of this approach, many thanks to Jon for starting the thread.
Keep up the great work, I will help keep my eye open for setup's too
- #132
- Aug 10, 2011 12:11am Aug 10, 2011 12:11am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Looks like a good entry assume you have now moved stop to break even since you entered it has come back and tested the resistance.
My one problem with it is I think you have entered in the direction of the pullback, of a recent reversal, look at my 15 min chart below
So if that is the case best to close out when descending trendline breaks and take your profit or if you feel adventurous reverse it!
Help that helps!
My one problem with it is I think you have entered in the direction of the pullback, of a recent reversal, look at my 15 min chart below
So if that is the case best to close out when descending trendline breaks and take your profit or if you feel adventurous reverse it!
Help that helps!
Feel the Fear and do it anyway!!!
- #133
- Aug 10, 2011 12:20am Aug 10, 2011 12:20am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Hi fxpatt
Of course it could be a pullback on the 1 hour chart, but I'm of the opinion that AUD strength is coming back to the market.
This is only my opinion of course, but heres the great thing, if it is a pullback in the hourly then just hold it as it shouldn't come back over the trendline and will head south rapidly!
But if I'm right and its a start of a reversal with the aUD strength returning to the market then just take your profit as it crosses back up trendline!
Hmmmm
Now I'm thinking about it probably safest option is to trail stop down to last 5 min high just in case.
Hope this helps
Of course it could be a pullback on the 1 hour chart, but I'm of the opinion that AUD strength is coming back to the market.
This is only my opinion of course, but heres the great thing, if it is a pullback in the hourly then just hold it as it shouldn't come back over the trendline and will head south rapidly!
But if I'm right and its a start of a reversal with the aUD strength returning to the market then just take your profit as it crosses back up trendline!
Hmmmm
Now I'm thinking about it probably safest option is to trail stop down to last 5 min high just in case.Hope this helps
Feel the Fear and do it anyway!!!
- #134
- Aug 10, 2011 1:28am Aug 10, 2011 1:28am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Hi Guys
Have a look at this one setting up on the hourly chart on GBPCHF!!!!
Yesterdays similar setup went 800 pips!!!! See chart 1 below.
So all you do is wait for a red HA candle on the 1 hour timeframe then drop down to 1 min for entry same as yesterday!!!
Drop down to 1 min and enter on 1st pullback that comes along!
I'm off to play golf today so will leave you guys to it!
Let me know how you get on!
Happy trading
Have a look at this one setting up on the hourly chart on GBPCHF!!!!
Yesterdays similar setup went 800 pips!!!! See chart 1 below.
So all you do is wait for a red HA candle on the 1 hour timeframe then drop down to 1 min for entry same as yesterday!!!
Drop down to 1 min and enter on 1st pullback that comes along!
I'm off to play golf today so will leave you guys to it!
Let me know how you get on!
Happy trading
Feel the Fear and do it anyway!!!
- #135
- Aug 10, 2011 1:34am Aug 10, 2011 1:34am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Feel the Fear and do it anyway!!!
- #136
- Aug 10, 2011 1:42am Aug 10, 2011 1:42am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
GBPCHF is notorious for spikes etc so probably best to trade a higher timeframe like 5 or 15 min for entry, also don't forget spread is usually pretty big on it too, anything from 5 to 10 pips so use a bigger stop too!
Don't try to catch the reversal either just wait patiently for the first pullback then only enter if it doesn't take out old high.
Wait for stoch to come up to 80 and CCI above 100, really important otherwise it might pull tyou in early, she's a devil like that!!
Good Luck!!!!
Don't try to catch the reversal either just wait patiently for the first pullback then only enter if it doesn't take out old high.
Wait for stoch to come up to 80 and CCI above 100, really important otherwise it might pull tyou in early, she's a devil like that!!
Good Luck!!!!
Feel the Fear and do it anyway!!!
- #137
- Aug 10, 2011 1:56am Aug 10, 2011 1:56am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
This looks good too!
Feel the Fear and do it anyway!!!
- #138
- Aug 10, 2011 2:13am Aug 10, 2011 2:13am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Wow!!!! that was an interesting London open!!
Hmmmmm Not sure what to make of that?
Maybe our Swiss friends are fed up with us all making money at their expense?
Best left alone for a while now, give it at least 30 mins to quiet down.
messes the charts up a bit doesn't it especially the old one min charts, but then I've always said if the one min chart looks like it does now "Don't Trade It!"
I want it like it was yesterday's open, nice and smoooooooth!
I wander if that was our Swissy friends????
Well not my problem I'm off to play Golf.
If its going to be like that all day then I suggest you all do the same, go and have some fun else where and come back again tomorrow.
But then that GBPCHF does look tempting??????
Ha Ha! Only kidding I'm off!!! Fore!!!!!
Hmmmmm
Not sure what to make of that?Maybe our Swiss friends are fed up with us all making money at their expense?
Best left alone for a while now, give it at least 30 mins to quiet down.
messes the charts up a bit doesn't it especially the old one min charts, but then I've always said if the one min chart looks like it does now "Don't Trade It!"
I want it like it was yesterday's open, nice and smoooooooth!
I wander if that was our Swissy friends????
Well not my problem I'm off to play Golf.
If its going to be like that all day then I suggest you all do the same, go and have some fun else where and come back again tomorrow.
But then that GBPCHF does look tempting??????
Ha Ha! Only kidding I'm off!!! Fore!!!!!
Feel the Fear and do it anyway!!!
- #139
- Aug 11, 2011 1:58am Aug 11, 2011 1:58am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Hi Folks
Had a nice days golf yesterday and see I didn't miss too much action.
Things are setting up nicely for a possible sell on EURCHF, look at my hourly chart below. A similar setup occurred on Tuesdays London open and it resulted in a 500 pip trade. Could it happen again today? Lets see?
Dropping down to my 1 min chart I am going to wait and watch the reversal from here. Here's a thing notice I said "watch" the reversal. I won't enter until I see a clear reversal then I will try to enter on the 1st pullback.
Sure I might miss a few pips when the reversal happens and who knows it might even drop down 500 pips and we miss it! But thats a chance I am prepared to take. I would rather wait for the reversal to actually happen. EG See the first lower high or lower low, then enter on 1st pullback.
Of course it could just keep pushing up, but one things for sure as eggs are eggs, this is going to turn down sometime? The question is when? Next 5 mins? Next week? Who knows but I'll be waiting>
Well thats the plan.
Lets see what happens?
Oh by the way those with a distint dislike of 1 minute charts you can play it on the 1 hour chart just as easily. It will just take longer.
Had a nice days golf yesterday and see I didn't miss too much action.
Things are setting up nicely for a possible sell on EURCHF, look at my hourly chart below. A similar setup occurred on Tuesdays London open and it resulted in a 500 pip trade. Could it happen again today? Lets see?
Dropping down to my 1 min chart I am going to wait and watch the reversal from here. Here's a thing notice I said "watch" the reversal. I won't enter until I see a clear reversal then I will try to enter on the 1st pullback.
Sure I might miss a few pips when the reversal happens and who knows it might even drop down 500 pips and we miss it! But thats a chance I am prepared to take. I would rather wait for the reversal to actually happen. EG See the first lower high or lower low, then enter on 1st pullback.
Of course it could just keep pushing up, but one things for sure as eggs are eggs, this is going to turn down sometime? The question is when? Next 5 mins? Next week? Who knows but I'll be waiting>
Well thats the plan.
Lets see what happens?
Oh by the way those with a distint dislike of 1 minute charts you can play it on the 1 hour chart just as easily. It will just take longer.
Feel the Fear and do it anyway!!!
- #140
- Aug 11, 2011 2:10am Aug 11, 2011 2:10am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Is this ther lower high we have been waiting for,? Only time will tell keep watching see the reversal happen then enter on 1st pullback. Remember the plan?
If it is I want to see a lower low now then I will sell the next lower high or double top.
Patience, patience, patience.
If it is I want to see a lower low now then I will sell the next lower high or double top.
Patience, patience, patience.
Feel the Fear and do it anyway!!!