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Daily Chart w/ 10sma

  • #301
  • Feb 2, 2012 6:40pm Feb 2, 2012 6:40pm
sorry, but i don`t want to make an advertisement for iphone, but i only want to say how i manage a trade if you want to know the apps than write me an pn, this apps are for free

cheers
  • #302
  • Feb 2, 2012 7:14pm Feb 2, 2012 7:14pm
Quoting frani60
here the picture i hope it is clearer, long candle put the sl -10 pips at the low and short +10 pips at the high of the candle...
Thanks, frani60. So, in the picture you effectively place the initial SL 108 pips (= 1.2743-1.2635) below your long entry. Please correct me if I am wrong. Also, thanks for the offer of iphone free apps. I don't have it yet, have to earn the money from trading to buy it.

Any comment from bkg102665?...


Cheers!
To excel by continuous learning
  • #303
  • Feb 2, 2012 7:19pm Feb 2, 2012 7:19pm
Quoting PeepCzar
Thanks, frani60. So, in the picture you effectively place the initial SL 108 pips (= 1.2743-1.2635) below your long entry. Please correct me if I am wrong.

Any comment from bkg102665?...


Cheers!
yes it`s the lowest low of the entry candle because it is a long candle, if it is a short candle than 10 pips above the highest high of the entry candly, so if it is a smaller candle than are les pips

okay
  • #304
  • Feb 2, 2012 7:21pm Feb 2, 2012 7:21pm
Quoting PeepCzar
Thanks, frani60. So, in the picture you effectively place the initial SL 108 pips (= 1.2743-1.2635) below your long entry. Please correct me if I am wrong. Also, thanks for the offer of iphone free apps. I don't have it yet, have to earn the money from trading to buy it.

Any comment from bkg102665?...


Cheers!
His explanation is dead on!
Please ask questions and share your experiences with us all!
  • #305
  • Feb 2, 2012 7:26pm Feb 2, 2012 7:26pm
Quoting bkg102665
His explanation is dead on!
what do you mean???
  • #306
  • Feb 2, 2012 7:32pm Feb 2, 2012 7:32pm
Quoting frani60
what do you mean???
It was a very good explanation my friend.
Please ask questions and share your experiences with us all!
  • #307
  • Feb 2, 2012 7:35pm Feb 2, 2012 7:35pm
Quoting bkg102665
His explanation is dead on!
Wow!... Now I fully understand where to place the initial SL and am confident to apply this method in a real trade.

You both are so valuable in my endeavor to learn fx trade. Thank you so much!

All the best!... http://www.forexfactory.com/images/editor/smilie.gif
To excel by continuous learning
  • #308
  • Feb 2, 2012 7:41pm Feb 2, 2012 7:41pm
Quoting bkg102665
It was a very good explanation my friend.
ahhh thanks

i think everyone must find his style from trading and how it is comfortable for himself, you gave us an very successfull strategy but trading must everyone aloe is my opinion, but if we can help than we should do this i think

i traded your method also on smaller tf`s it works too, but this is for another place to talk for

greets
  • #309
  • Feb 2, 2012 7:45pm Feb 2, 2012 7:45pm
Quoting PeepCzar
Wow!... Now I fully understand where to place the initial SL and am confident to apply this method in a real trade.

You both are so valuable in my endeavor to learn fx trade. Thank you so much!

All the best!... http://www.forexfactory.com/images/editor/smilie.gif

fine if you understand
  • #310
  • Feb 2, 2012 8:18pm Feb 2, 2012 8:18pm
Quoting frani60
fine if you understand
One more question friend. If you don't mind, please tell me what is your winning rate using this method?

Many thanks again in advance... http://www.forexfactory.com/images/editor/smilie.gif
To excel by continuous learning
  • #311
  • Feb 2, 2012 8:29pm Feb 2, 2012 8:29pm
Quoting PeepCzar
One more question friend. If you don't mind, please tell me what is your winning rate using this method?

Many thanks again in advance... http://www.forexfactory.com/images/editor/smilie.gif
i only trade it since a short time, and also i trade only 3 to 4 pairs, and on daily you have not so much opportunities, but this trades i took until now, was winners but exactly pips i cannot say, i trade also an other strategy, so comes many trades on a day for me, i have no exact list about my trades, the account is for me important
  • #312
  • Feb 3, 2012 6:04am Feb 3, 2012 6:04am
I will leave these positions ... waiting to enter in buy because they are very oversold

besides the price is far from the SMA 200 ... retracment's time, so the candles indicated by W and Mn
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  • #313
  • Feb 3, 2012 6:20am Feb 3, 2012 6:20am
Frani please give me a link via private message on the iphone model and applications?

thanks
  • #314
  • Feb 3, 2012 6:52am Feb 3, 2012 6:52am
new entries from yesterday and before yesterday ..

saludos.
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  • #315
  • Feb 3, 2012 8:11am Feb 3, 2012 8:11am
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These are two that I entered last night/ this morning (IBFX platform)
Always Learning
  • #316
  • Feb 3, 2012 8:26am Feb 3, 2012 8:26am
Quoting JayTrader
Attachment

Attachment



These are two that I entered last night/ this morning (IBFX platform)...


Two very nice trades!!
Please ask questions and share your experiences with us all!
  • #317
  • Feb 3, 2012 9:55am Feb 3, 2012 9:55am
Good trading - I got into EURCAD about the same time.
Entry 1.31324
SL 1.32320
TP 1.30300
I am probably leaving too much on the table but I am also very new to trading the Daily Charts. 100 pips for me would be great. We will see how it turns out.
  • #318
  • Feb 3, 2012 10:30am Feb 3, 2012 10:30am
Quoting tomthepoppop
Good trading - I got into EURCAD about the same time.
Entry 1.31324
SL 1.32320
TP 1.30300
I am probably leaving too much on the table but I am also very new to trading the Daily Charts. 100 pips for me would be great. We will see how it turns out.
Update: I have moved my SL to BE +5 and my TP 1.2952 - That is still above
the Support level of 1.2875 but I may move it down as it approaches the present TP level. Also why not add another order when I get into profit of +100?
  • #319
  • Feb 3, 2012 10:42am Feb 3, 2012 10:42am
Hi - just thought i would give you my latest trade. I do not know how to post charts but here are the details:

Entry: .83047 Still pretty current
TP: .82465
SL: .84050

Really interested in some comments. Want to learn this method.
  • #320
  • Feb 3, 2012 10:43am Feb 3, 2012 10:43am
Quoting tomthepoppop
Update: I have moved my SL to BE +5 and my TP 1.2952 - That is still above
the Support level of 1.2875 but I may move it down as it approaches the present TP level. Also why not add another order when I get into profit of +100?
Great job!! I often find when I get greedy it bites me in the butt. Just take it slow and get comfortable before you start doubling down would be my suggestion.
Please ask questions and share your experiences with us all!
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