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Price is everything

  • #26,141
  • Jan 4, 2012 5:29am Jan 4, 2012 5:29am
Quoting flytox
Heavy XAG
Out @ tg.
Explanations on why this tg on RTP.
Rien ne sert de courir il faut partir à point.
  • #26,142
  • Jan 4, 2012 5:49am Jan 4, 2012 5:49am
flat

as for the compression yesterday, it was so close to supply and made a wedge. So i decided to wait. It's all about low risk entry's imho.
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  • #26,143
  • Edited 6:14am Jan 4, 2012 6:02am | Edited 6:14am
Quoting flytox
out 4/5 a bit late.
Eu
Added 3 now 4/4.
Can do this right above a demand, cos of the stacked deep zone below, and my risk is tight (above the flag) and this M5 EU chart has been traded till the bitter end and has given a lot.
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Rien ne sert de courir il faut partir à point.
  • #26,144
  • Jan 4, 2012 6:44am Jan 4, 2012 6:44am
Quoting flytox
Gu
exited the heavier at tg and added 2 of normal size
GU added 2 more and locked the middle 5/5 again.
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Rien ne sert de courir il faut partir à point.
  • #26,145
  • Jan 4, 2012 6:51am Jan 4, 2012 6:51am
Quoting flytox
GU added 2 more and locked the middle 5/5 again.
A H4 engulf is forming. Could reach a tg1 @ 1.5540. But, are the correlated in sync ? To monitor.
Rien ne sert de courir il faut partir à point.
  • #26,146
  • Jan 4, 2012 7:04am Jan 4, 2012 7:04am
Quoting flytox
GU added 2 more and locked the middle 5/5 again.
now 7/7, normally never go above 5/5 but so happy to reuse Mt4.
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Rien ne sert de courir il faut partir à point.
  • #26,147
  • Jan 4, 2012 7:08am Jan 4, 2012 7:08am
Quoting flytox
Eu
Added 3 now 4/4.
Can do this right above a demand, cos of the stacked deep zone below, and my risk is tight (above the flag) and this M5 EU chart has been traded till the bitter end and has given a lot.
MAGNET hit;
no out for now (deep zone)
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Rien ne sert de courir il faut partir à point.
  • #26,148
  • Jan 4, 2012 7:21am Jan 4, 2012 7:21am
GU
tg hit. No out.
why: H4 engulf forming, everything is locked, and one must let gains running (even with some loss).
My advice to the newcomers: Spend more time on the exit rather than on the entrance, and your trade is a sequence of multiple trades with dynamic MM, not one entrance, one tp and one sl.
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Rien ne sert de courir il faut partir à point.
  • #26,149
  • Jan 4, 2012 7:33am Jan 4, 2012 7:33am
EU, GU out some cos of M5 PA heading north. now 3/5 on each pair, lot of pips.
Rien ne sert de courir il faut partir à point.
  • #26,150
  • Jan 4, 2012 7:50am Jan 4, 2012 7:50am
EU, GU, out all but locked uppers.
Think about it.
Mainly 10 trades on each pair in a 100 pips range,started this morning with some very heavy in size. You can be a swing trader, a trend follower, a news trader or a scalper, I, by far, prefer top be a PRICE TRACKER, whether it is swinging, trending or ranging. And never forget, never ever let breath the losers.
Good trades to all I am done.
Rien ne sert de courir il faut partir à point.
  • #26,151
  • Jan 4, 2012 7:59am Jan 4, 2012 7:59am
Quoting flytox
EU, GU, out all but locked uppers.
Think about it.
Mainly 10 trades on each pair started this morning with some very heavy in size. You can be a swing trader, a trend follower, a news trader or a scalper, I, by far, prefer top be a PRICE TRACKER, whether it is swinging, trending or ranging. And never forget, never ever let breath the losers.
Good trades to all I am done.
  • #26,152
  • Jan 4, 2012 8:17am Jan 4, 2012 8:17am
Quoting vasmiza
will let the rest run because of these sxy looking H1 bars, might have caught this at the top. If I get stopped @ BE I couldn't care less....

closed euro, what a drama.

p.s. this is H1 not M5
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  • #26,153
  • Jan 4, 2012 8:37am Jan 4, 2012 8:37am
Quoting flytox
EU, GU, out all but locked uppers.
Think about it.
Mainly 10 trades on each pair in a 100 pips range,started this morning with some very heavy in size. You can be a swing trader, a trend follower, a news trader or a scalper, I, by far, prefer top be a PRICE TRACKER, whether it is swinging, trending or ranging. And never forget, never ever let breath the losers.
Good trades to all I am done.
Awesome trades and posts Fly! Respect. Today my targets on EU and GU were hit perfectly but due to new year I didn't have enough faith in the market so it was more of grab the money and run, than come back for some more. In periods like this I prefer to be on the safe side. Also you're are very right about adding small positions instead of one big. This is a very easy and apropriate method of MM. With S&D and PA trading mistakes also happen but with small positions you can easiely reposition or add new trades when opportunity arises (S&D on M1/M5) or bail out if it goes bad. I know this well, as for years I've prefered one trade per instrument and it was way harder to manage. Now I simply add orders with different targets or close the winners pocketing the money with great flexibility.

Fly is so right that with this kind of MM you can care less about entry (enter on SD zone, than add if pentrated etc) and focus on exit. This way you make money all the time and are able to cover the loosers easiely. It might look hard to manage all the trades at first but you'll get quickly used to it as you see how good it is to have 5 orders on one pair

Still there goes a first wire transfer to celebrate new year and EU limit buy @ 1.2920 in demand on demand on demand just in case. This turned out to be a vary good day!

Good trading in new year! Thank you.
  • #26,154
  • Jan 4, 2012 9:04am Jan 4, 2012 9:04am
final trade for today, short cable
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  • #26,155
  • Jan 4, 2012 9:11am Jan 4, 2012 9:11am
Quoting vasmiza
final trade for today, short cable
closed half rest to BE. this pattern I call fingering "the finger"
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  • #26,156
  • Jan 4, 2012 9:42am Jan 4, 2012 9:42am
EU
a last chart just to illustrate how advisable to keep a locked upper.
Here EU diving in the blue, and giving pips continually.
More on locking technics in RTP Kenny'Z posts
Please keep chats in PIE chatroom .
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Rien ne sert de courir il faut partir à point.
  • #26,157
  • Jan 4, 2012 10:09am Jan 4, 2012 10:09am
dollar gap fill
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  • #26,158
  • Edited 11:20am Jan 4, 2012 10:46am | Edited 11:20am
EurUsd normally moved rally @ 1%, can't go more short for today.
I'm out short trade with +111pips for today.
Have fun with "fx games"
BullShit BearShit
  • #26,159
  • Jan 4, 2012 11:26am Jan 4, 2012 11:26am
relax for now.
waiting for Nikkei open, if it goes up, EurUsd will go up again.
BullShit BearShit
  • #26,160
  • Jan 4, 2012 11:31am Jan 4, 2012 11:31am
Quoting etrade360
relax for now.
waiting for Nikkei open, if it goes up, EurUsd will go up again.
why is that?
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