DislikedA winner and a loser... nasty whipsaw on all JPY pairs, stay away from them... crazy jumpy tonight...
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Looking on a naked chart, can you pick the best strategy? 32 replies
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Bow's trading journal 2 (almost naked trading on m5) 26 replies
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DislikedA winner and a loser... nasty whipsaw on all JPY pairs, stay away from them... crazy jumpy tonight...
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DislikedI really, really hate that stop hunting like we just saw. Price is coming back now, but we are seeing more and more of this whipsawing to take out stops these days.Ignored
DislikedMs. Counselor, esq.!!! Nice to see you, master LG! Hope you just came from the bank after unloading your wheelbarrow...Ignored
DislikedYou are too funny, doc! I check in almost every day and you are carrying on just fine without me. As you know, I needed to get back to more active trading and was just not having the time.
How are those gallbladders you work on?Ignored
DislikedHi Maudur - a couple of questions if you don't mind.
At what point did you actually enter this trade? What does the little red arrow indicate - is that entry? or exit maybe? Same question for the blue arrow at yesterdays high?Ignored
DislikedThanks for that -
so roughly speaking -
entry 1.0210
stop, I would assume, would have to be back up around the lower of the bands ( ~1.0250-1.0260)
target perhaps lower end of yesterdays band (1.0180) or even yesterday's lows (1.0140)
This entry makes sense to me (and answers my query to Pippete yesterday) in that you've waited for strong indication from the actual candle (PA) before jumping on the trade. This way you've sacrificed the initial move (the break of the range) in the hope that we are more likely to see further downward movement....Ignored
DislikedLong in EURCAD
Reasons:
- RSI point up
- STO confirm RSI
- TDI, RSI Price Line (green) > Trade Signal Line (red)
- price has good space to travel until it hits resistance on D1Ignored
DislikedLong in AUDNZD
Reasons:
- RSI point up
- STO confirm RSI
- TDI, RSI Price Line (green) > Trade Signal Line (red)
- price has good space to travel until it hits resistance on D1Ignored
DislikedI will pass this setup, to close too D1 S/R for my taste and we are trading against BRN
Until it breaks through I will wait and watch first.Ignored
DislikedJust got back to my house to see how they ended the orders sent this morning. The results were:
AUDUSD: Close 50% (80 pips) at BreakEven
Close 30% (130 pips) at TakeProfit1
Now 20% running with TrailingStop (Now 80 pips secured)
EURCAD: Close 50% (61 pips) at BreakEven
Close 30% (99 pips) at TakeProfit1
Close 20% (86 pips) by TrailingStop
AUDNZD: Close 50% (26 pips) at BreakEven
Close 30% (37 pips) at TakeProfit1
Close 20% (37 pips) by TrailingStop
Good trades. I hope things go well.Ignored