Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Quoting profitoffx

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Set SL at BE.

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Quoting profitoffx

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Hi Jonas!

I appreciate a lot your valuable comments - thank you! Actually one of my first questions would have been how you manage your trades. From what you have written it seems

- you set your SL to BE as soon as possible (according to the timeframe - thank you for this comment; indeed I often forget to have a look at the timeframe even if I read a lot about it at FF (average daily range,...); in this case I just didn't feel comfortable with the trade because of the low r:r (which r:r are you at least looking for when entering a trade?)).

-...

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Quoting profitoffx

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TP reached :-)

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Quoting PhAnTi'

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r:r at least 1." for swing trades because i only trade the very major supply/demand levels ,means i expect a turn of pa in at least 9 of 10 cases and i expect to set stops to be in at least 9/10 trades as well.

i let small partials run until next supply/demand levels to bank the rest.

chart looks better now,but we cannot see what is on the left side of your charts, so just zoom out and post em in zoomed out mode next time that we have a overlook of your chart.

kindest regards

Jonas

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Quoting profitoffx

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Thanks for your explanations, Jonas. This weekend I'll go through the whole thread in order to learn more about your system and to avoid posting redundant questions.

Todays trade hit SL. I'll work on my "charting skills" until the next trade...
I'm a little bit busy today. So I'll continue trading and posting on thursday.

I wish you all many green pips!

Daniel

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Quoting profitoffx

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Good morning everyone!

First of all I want to thank Jonas for sharing his system and everyone who contributed to this thread. Although I didn't read every single post (I'll surely do the next days) I already learnt a lot. The system really seems to fit my trading style and I hope I finally found my own "holy grail".

Today I'll start to post my live trades in this thread. As I'm a little bit busy the next weeks (studying for some exams...) I won't have so much time to trade...

Let me just introduce myself: My name is Daniel and I'm from...

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Quoting bullzeye

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Hey Daniel!
Glad to see you here, you are welcome! Nice trades so far, keep up the good work

I am going very busy for the next months, but i will still trading as well the h4 and Daily Charts...

Good Luck on the hunt for the pips

Bye

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Quoting profitoffx

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Attachment
GBPCAD is another pair I'm observing closely at the moment. As soon as there will be a clear sign of reversal on the H4 this could be an interesting opportunity...Any comments?

Have a nice day everyone!

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Quoting profitoffx

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Attachment
I just took a trade in NZDUSD H4. SL:0,75700; TP1:78100; TP2:0.78800; TP3:0.79250
I find the risk reward ration quite attractive...hope this will work out! Only thing I'm sceptical about is that the area isn't supported by the daily chart. What do you think?

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Quoting profitoffx

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Attachment
I just took a trade in NZDUSD H4. SL:0,75700; TP1:78100; TP2:0.78800; TP3:0.79250
I find the risk reward ration quite attractive...hope this will work out! Only thing I'm sceptical about is that the area isn't supported by the daily chart. What do you think?

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Quoting profitoffx

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Attachment
GBPCAD is another pair I'm observing closely at the moment. As soon as there will be a clear sign of reversal on the H4 this could be an interesting opportunity...Any comments?

Have a nice day everyone!

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Quoting bullzeye

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Well, for an entry i prefer a really clear signal of a reverse, i would wait...

Have a nice weekend!

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Quoting profitoffx

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Thanks for your comment :-)! What are the clear signs of reversal you're usullay looking at?

Indeed the trade didn't develop as I expected it to until now. Closed two of the positions at BE. I'll let the third run because I still think that the risk reward ratio is not that bad...

Have a nice weekend!

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