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Fail Better

  • #1,981
  • Edited 2:49pm Nov 8, 2011 2:37pm | Edited 2:49pm
$index - nice level for a possible rounded retest
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  • #1,982
  • Nov 8, 2011 2:44pm Nov 8, 2011 2:44pm
Quoting shanto_w
What time frame is this?
Hi shanto,

It was H4. I cut it for a couple of pips profit as I reviewed the trade and thought it was coming back into too much traffic. Didn't make a trade today as I couldn't see anything that looked worthwhile.
  • #1,983
  • Nov 9, 2011 5:14am Nov 9, 2011 5:14am
Took a nice trade on this earlier for +77 pips, big support previously on the daily at 5644 but it looks as if I got out too early... AGAIN! lol

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  • #1,984
  • Nov 9, 2011 11:35am Nov 9, 2011 11:35am
Fantastic trade , congrats shanto_w !!

Quoting shanto_w
Took a nice trade on this earlier for +77 pips, big support previously on the daily at 5644 but it looks as if I got out too early... AGAIN! lol

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  • #1,985
  • Nov 9, 2011 11:54am Nov 9, 2011 11:54am
Quoting SoftControl
Fantastic trade , congrats shanto_w !!
Shame I got out so early, could have gotten 200 pips out of it! :O
Follow me on twitter: @shantrades
  • #1,986
  • Nov 9, 2011 12:00pm Nov 9, 2011 12:00pm
EURJPY - Rounded retest short at 106.54 - any thoughts??
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  • #1,987
  • Nov 9, 2011 12:07pm Nov 9, 2011 12:07pm
Quoting gdb
EURJPY - Rounded retest short at 106.54 - any thoughts??
Have my order in with a target level of 105.005
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  • #1,988
  • Nov 9, 2011 1:44pm Nov 9, 2011 1:44pm
Quoting shanto_w
Have my order in with a target level of 105.005
Agreed, great level, I'll be entering a bit early circa .40-45

In addition, I like a long in the 1.0480s...SR + fib
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  • #1,989
  • Nov 9, 2011 1:59pm Nov 9, 2011 1:59pm
Quoting sam0182
Agreed, great level, I'll be entering a bit early circa .40-45

In addition, I like a long in the 1.0480s...SR + fib
Not a good Entry Last Time it was support
Greetings, BeLikewater
  • #1,990
  • Nov 9, 2011 2:29pm Nov 9, 2011 2:29pm
Solid setup in my experience but I can understand hesitation as it's not FTB, etc.

Cheers, GL

Quoting BeLikeWater
Not a good Entry Last Time it was support
  • #1,991
  • Nov 9, 2011 5:13pm Nov 9, 2011 5:13pm
Hi Wizard and others...I would like to join the webinar list. How should I sign up? I have been following this thread and am really enjoying it and learning alot.

Thanks...........
  • #1,992
  • Nov 9, 2011 7:20pm Nov 9, 2011 7:20pm
Quoting gdb
EURJPY - Rounded retest short at 106.54 - any thoughts??
great level, but i'm curious as to where you would place your stop?
  • #1,993
  • Nov 9, 2011 7:36pm Nov 9, 2011 7:36pm
Quoting sam0182
Solid setup in my experience but I can understand hesitation as it's not FTB, etc.

Cheers, GL
Typically if there's enough time (which is hard to quantify) passed between the tests, it's worth taking the trade. I have my order set at 104.90 and FTA 106.45.
  • #1,994
  • Nov 10, 2011 12:43am Nov 10, 2011 12:43am
Very good level eur/gbp looking sell 0.8527
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  • #1,995
  • Nov 10, 2011 3:48am Nov 10, 2011 3:48am
Yea this level looks very good, but the timming is not very good, also GBP interest rate today, for me, I'm not going to touch GBP pairs before news.

Levels can look perfect but you need very good timming and feeling of the market sentiment (don't trade weak/weak pairs or strong/strong)


Quoting kirvis
Very good level eur/gbp looking sell 0.8527
  • #1,996
  • Nov 10, 2011 5:00am Nov 10, 2011 5:00am
Quoting shanto_w
Shame I got out so early, could have gotten 200 pips out of it! :O
Don't worry about it, you are talking post trade, and in hindsight everything looks easy, instead, everytime you make a decision, ask yourself, is this the right action STATISTICALLY speaking ??
  • #1,997
  • Nov 10, 2011 5:43am Nov 10, 2011 5:43am
Hi folks, possible spider on eur aud H1 ??

I would probably take it if I get filled in the pit -->


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(HQ chart http://www.screencast.com/t/83GzfQwYCyM0 )
  • #1,998
  • Nov 10, 2011 6:35am Nov 10, 2011 6:35am
Quoting FXwinner
Typically if there's enough time (which is hard to quantify) passed between the tests, it's worth taking the trade. I have my order set at 104.90 and FTA 106.45.
Sure. I would agree that the 106.45 short is a higher quality setup...but, IMO, 1.0485 longs are still valid.

I hopped in a little early at 105.06 and am out of most of the position now.
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  • #1,999
  • Nov 10, 2011 7:09am Nov 10, 2011 7:09am
Quoting SoftControl
Don't worry about it, you are talking post trade, and in hindsight everything looks easy, instead, everytime you make a decision, ask yourself, is this the right action STATISTICALLY speaking ??
It really seems to be a pattern in my trading, I shall start leaving T/P levels at lower t/a's!
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  • #2,000
  • Nov 10, 2011 7:17am Nov 10, 2011 7:17am
Had an order in this overnight and it was executed and profit was taken by the time I woke up! The level was last support with D1 bias. I entered at 0.91478 and took profit at .90829 for +65 pips.

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