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Trading Made Simple

  • #11,161
  • Sep 6, 2011 7:21pm Sep 6, 2011 7:21pm
yep nice little spike on the news.....
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  • #11,162
  • Sep 6, 2011 7:23pm Sep 6, 2011 7:23pm
Anyone go for AUD/ CHF daily?

What'd u think?
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  • #11,163
  • Edited 8:04pm Sep 6, 2011 7:35pm | Edited 8:04pm
Quoting lhDT
And you exits the trade when MA5 touch any candle ?
I exit if the H/A changes color. If it's crossed back through the MA5, then it has. Hitting the stop is rare.
Thanks Xlxessox for that, I'll check it out. This system is good, I'm just looking to refine and reduce risk whilst capturing steady pips. Thanks to everyone for input!
Hey, looking to utilize this indicator for stop loss zones. Any reason Big-E dropped it when moving from C.H.Stoch over to this? Looks pretty useful to me. Just Sayin.
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File Type: ex4 Support and Resistance (2).ex4   2 KB | 531 downloads
  • #11,164
  • Sep 6, 2011 8:17pm Sep 6, 2011 8:17pm
Another 3 orders. Please comment if i've done anything wrong, still new to this. Thanks!
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  • #11,165
  • Sep 6, 2011 8:31pm Sep 6, 2011 8:31pm
Quoting Krypty
LOL, so who is going out today to buy a Ferrari?
If I had traded 100 lots on that one (CHF Pairs), I would be at the dealer now!
A trader must be humble - else the market would humble him.
  • #11,166
  • Sep 6, 2011 9:09pm Sep 6, 2011 9:09pm
Closed out for about 40-50 pip loss after hook of daily.

A bit sad

Might enter again later if 4H agrees at open of london
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Ask me again when I know what I'm talking about.
  • #11,167
  • Sep 6, 2011 9:50pm Sep 6, 2011 9:50pm
Quoting fufighter
Another 3 orders. Please comment if i've done anything wrong, still new to this. Thanks!
The only thing I can think of is that you arent trading the london hours.

But If thats part of your plan thats fine, the setups look good.
Ask me again when I know what I'm talking about.
  • #11,168
  • Sep 7, 2011 2:26am Sep 7, 2011 2:26am
Welp.. just got stopped out on E/U.

I got in around 1.4025 and took off 1 lot at 22, then let it go .. put a 30 pip stop on there and it just hit it for 32 pips on the second lot.

Done for the night I think...
  • #11,169
  • Sep 7, 2011 2:29am Sep 7, 2011 2:29am
Anyone looking at the EU and GU for Longs in this next London session?

Both have longer term up but short term down, Also seem to be stuck in a range.

I might get in, R:R Seems high
Ask me again when I know what I'm talking about.
  • #11,170
  • Sep 7, 2011 2:46am Sep 7, 2011 2:46am
Quoting Loooit
Anyone looking at the EU and GU for Longs in this next London session?

Both have longer term up but short term down, Also seem to be stuck in a range.

I might get in, R:R Seems high
I'm waiting for a long signal on the daily for these. Ideally I would have wanted the EU to go down to 1.3900 first.

Target profit 1.4500 EU and 1.6400/1.6500 GU
  • #11,171
  • Sep 7, 2011 2:47am Sep 7, 2011 2:47am
Quoting Loooit
Anyone looking at the EU and GU for Longs in this next London session?

Both have longer term up but short term down, Also seem to be stuck in a range.

I might get in, R:R Seems high
EU and GU is still in a overall downtrend, so if long will be short lived.
(Personal opinion, my 1 pip)
  • #11,172
  • Sep 7, 2011 2:55am Sep 7, 2011 2:55am
Thanks to all who have contributed here. I have been trading for 3 years and I like the simplicity of this system. I see a couple of setup; however, News out of German courts re: bailouts tomorrow and Obama speech too. And, with DOW and S&P decline, markets are a bit spooked. I think I will sit out until things settle down a bit.

Happy trades
  • #11,173
  • Sep 7, 2011 3:20am Sep 7, 2011 3:20am
Yeah, ill wait for some kind of confirmation.

Will see how this session plays out and trade accordingly tomorrow. Dont always need to be in.

A bit annoyed with my losses though.
Ask me again when I know what I'm talking about.
  • #11,174
  • Sep 7, 2011 3:21am Sep 7, 2011 3:21am
Are snb up to their tricks again?

I must have had the quickest trade of my life just now on that spike!
  • #11,175
  • Sep 7, 2011 3:27am Sep 7, 2011 3:27am
Quoting mogulmedia
Are snb up to their tricks again?

I must have had the quickest trade of my life just now on that spike!
Yes me too, in and out of EU in 5 minutes for +62
  • #11,176
  • Sep 7, 2011 3:32am Sep 7, 2011 3:32am
Quoting mogulmedia
Are snb up to their tricks again?

I must have had the quickest trade of my life just now on that spike!

German court (Ruling).... rejected suits regarding the euro rescue.
It Is Well With My Soul..(Amen)
  • #11,177
  • Sep 7, 2011 3:49am Sep 7, 2011 3:49am
Quoting MeLe
Yes me too, in and out of EU in 5 minutes for +62
I got in going up on that 8 hours ago.. but as I said earlier, my 30 pip stop was hit for a total on that lot of 32. something.. After getting in again going back up last night after the intervention, what a dumb thing to do, I wasn't about to do it tonight too!

I'm happy with the pips I made.

Going to wait after the 2am report.. 2am my time anyway and see if there is another reversal on the H1 chart...
  • #11,178
  • Sep 7, 2011 4:10am Sep 7, 2011 4:10am
I didnt see any interested intry for the new 4H candle. You guy?
  • #11,179
  • Sep 7, 2011 4:19am Sep 7, 2011 4:19am
Quoting fufighter
I didnt see any interested intry for the new 4H candle. You guy?
I looked at eu and gu. But momentum was down, so didn't enter to the long side.

Waiting for confirmation on daily or so, just a direction change perhaps.

Is that what you are asking?
Ask me again when I know what I'm talking about.
  • #11,180
  • Sep 7, 2011 4:26am Sep 7, 2011 4:26am
Good pivot resistance! TDI and Stoch turning and 50% fib. Disregard emas' just my filters.

Regards,
Cigarguy
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