- #566,564
- Nov 27, 2011 8:43pm Nov 27, 2011 8:43pm
- Joined Feb 2011 | Status: Forex Master | 3,328 Posts
There is Time for Bull, and Time for Bear. and so be the Wolf.
- #566,565
- Nov 27, 2011 8:47pm Nov 27, 2011 8:47pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
My TP hit in 3284. long from friday. I have some sketches on the line ...3284, 3315, 3388. but we have a big gap. My daily pivot is 3265.
if we look at the candle 4H 30/9 it was close in 3386 and opened on 3/10 in 3348 and it continued to down till 3177 close. Gap is resumed on 6/10 ..... what u thing...
Example have attach cable 4hr
We will 1st defend wpp, 5551 if fail will look to defend 5625ish, waiting reaction around utl of channel, so if cable look like continue to these levels will make us hesitate EU defend level 3333, we need levels to stay as close as possible, presently cable have larger pip move to target level, whilst eu is lot closer, so we little bit more cautious eu, so look to other pars for clues
Kiwi
If you are new to Forex? Say Goodbye to your account!!
- #566,568
- Nov 27, 2011 8:56pm Nov 27, 2011 8:56pm
- | Membership Revoked | Joined Aug 2011 | 1,123 Posts
Nice numbers, I prefer not to get to stuck on one pair, prefer watch multiple prs especially in sync prs, and use swissy as contrarian, so need over all picture from all prs before make decision on entry exit etcetc
Example have attach cable 4hr
We will 1st defend wpp, 5551 if fail will look to defend 5625ish, waiting reaction around utl of channel, so if cable look like continue to these levels will make us hesitate EU defend level 3333, we need levels to stay as close as possible, presently cable have larger pip move to target level, whilst eu...
emm,
ok thx Kiwi...have a nice day... 
remain calm...most times more often than not, it plays within the range. if it breaks and closes above or below the range depending what side of the market ur on... take the loss and re-evaluate...
I'd rather have 8 out of 10 trades that are good and accept a loss; end result is still a positive
I'd rather have 8 out of 10 trades that are good and accept a loss; end result is still a positive
what if the price move against u suddenly?
- #566,571
- Nov 27, 2011 9:08pm Nov 27, 2011 9:08pm
i am utterly shocked by euro...
every entry that i make...seems to end up in a consolidation within secs!
awwww, i wanna to have a good and fresh record starting this week and this is what i get!
i really wish i could have a 50 pips or more profit in a single trade. i'm sick of winning 7 pips and losing 30 pips....all the time. the cycle is endless!!!
Do you mind stating how you define your entries? I suppose what I want to know is whether you pay any attention to momentum. I've found a lot more success in waiting for a strong momentum candle to break a S/R level then entering with the trend. If the candle just sort of meanders past a level, I won't act on it.
And by that I mean a longish candle with little to no wick in the direction of the momentum. I think if you follow these candles closely you will not get caught in consolidation zones so easily as they signal the breakout from the consolidation.
I've only taken one short today near Tokyo open, the candle is circled. I didn't take the bullish candle there because it didn't give a retracement to enter on.
"Don't Panic..."
- #566,574
- Nov 27, 2011 9:18pm Nov 27, 2011 9:18pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
it seems everybody is shorting. therefore i see another opportunity to go long. trade safe guys
As Above, So Below
- #566,576
- Nov 27, 2011 9:24pm Nov 27, 2011 9:24pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #566,577
- Nov 27, 2011 9:24pm Nov 27, 2011 9:24pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
then trade the range, mark out the highs and lows and wait for the price to hit one of those two levels and act appropriately... not hard, i've already taken out 147 pips in the last couple of hours scalping
- #566,578
- Nov 27, 2011 9:25pm Nov 27, 2011 9:25pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #566,580
- Nov 27, 2011 9:27pm Nov 27, 2011 9:27pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below