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True Trading Tactics

  • #421
  • Feb 16, 2012 7:46am Feb 16, 2012 7:46am
Quoting Chulmleigh
Possible Cable and Swissy anyone at end of this candle?
Chum,be better, if you were to include timeframe, may be able to agree or disagee then
  • #422
  • Feb 16, 2012 7:47am Feb 16, 2012 7:47am
Yeah, sorry. H1
  • #423
  • Feb 16, 2012 7:52am Feb 16, 2012 7:52am
Well, we'll have time to see if it looks on.
  • #424
  • Feb 16, 2012 7:53am Feb 16, 2012 7:53am
Can someone please explain what is the logic here to determine a reversal bar??

Thx
  • #425
  • Feb 16, 2012 7:57am Feb 16, 2012 7:57am
Quoting pipmonger
Can someone please explain what is the logic here to determine a reversal bar??

Thx
Go back to the first posts. That is the basic criteria though you might want other filters/opportunities.
  • #426
  • Feb 16, 2012 8:05am Feb 16, 2012 8:05am
Quoting Chulmleigh
Possible Cable and Swissy anyone at end of this candle?
Don't like cable for reasons mentioned above, and also the reversal candle has a large upper wick.

Swissy is a dead stop, so could be a nice play, although it has a long lower wick......

It's worth mentioning that dead stops can be played in the opposite direction as a trend continuation.......................
  • #427
  • Feb 16, 2012 8:22am Feb 16, 2012 8:22am
I've taken both 1:1.
  • #428
  • Feb 16, 2012 8:24am Feb 16, 2012 8:24am
Ok. Here’s another one

GBP/AUD H1 6th Jan 2012 to 30th Jan 2012
33 set ups
4 Not Triggered (NT)
Total Pips +181
Assumed all trades taken without any other reference than KRC
All trades taken immediately on KRC breakout
All stops at top or bottom of KRC
All Profit or Loss taken at 1:1 or at competing KRC
Spread not accounted for so BE is probably a loss

Notes
(1)Plenty of warning to get out sooner
(2)Took 26 hours
(3)Cancelled order due to weekend coming
(4)Probably would not have closed on that competing KRC as only a little spinner
(5)See above. Probably would not have taken it
(6)No way would I have taken a 105 pip SL
(7)Closed at end of week, but would have got out sooner

I’ll do EUR/USD next
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpaud test 1.gif Size: 28 KB
Click to Enlarge Name: gbpaud test 2.gif Size: 31 KB
Click to Enlarge Name: gbpaud test 3.gif Size: 33 KB
  • #429
  • Feb 16, 2012 8:26am Feb 16, 2012 8:26am
If EURUSD can break above the London open price, then it should be good for the Swissy short.................
  • #430
  • Feb 16, 2012 8:53am Feb 16, 2012 8:53am
TP hit on Swissy, Cable needs a push but I'll move to BE in 7 mins
  • #431
  • Feb 16, 2012 8:59am Feb 16, 2012 8:59am
Quoting Chulmleigh
TP hit on Swissy, Cable needs a push but I'll move to BE in 7 mins
Well done. Battle going on around the London open price on EURUSD. London defending shorts I wonder......................?
  • #432
  • Feb 16, 2012 9:02am Feb 16, 2012 9:02am
I'd class both of those deals as B grade set ups BTW.

Would be interesting to hear Kraven's comments on all this....................
  • #433
  • Edited 9:08am Feb 16, 2012 9:02am | Edited 9:08am
You're probably right. But TP hit on Cable too. Awaiting another sign. Cheers.............
  • #434
  • Feb 16, 2012 9:08am Feb 16, 2012 9:08am
Quoting Gt3rs
I'd class both of those deals as B grade set ups BTW.

Would be interesting to hear Kraven's comments on all this....................
Was swissy a trade?.......the reversal candle was an inside bar on my platform, it had'nt posted a new high?
  • #435
  • Feb 16, 2012 9:10am Feb 16, 2012 9:10am
And cable was ranging for hours,so looks basically like a breakout trade to me, but well done!
  • #436
  • Feb 16, 2012 9:10am Feb 16, 2012 9:10am
Was your entry on cable above the whole range? [safest IMHO] or above the reversal candle [risky IMHO]?

EUR longs winning out for now - pushing above the London open.
  • #437
  • Feb 16, 2012 9:12am Feb 16, 2012 9:12am
Quoting FOURX
Was swissy a trade?.......the reversal candle was an inside bar on my platform, it had'nt posted a new high?
Swissy was a "dead stop" as kraven has termed them.
  • #438
  • Feb 16, 2012 9:13am Feb 16, 2012 9:13am
Quoting Gt3rs
Swissy was a "dead stop" as kraven has termed them.
  • #439
  • Feb 16, 2012 9:14am Feb 16, 2012 9:14am
Quoting FOURX
Was swissy a trade?.......the reversal candle was an inside bar on my platform, it had'nt posted a new high?
No, it was a Dead Stop by the rule. On full zoom looks the same to me. Anyhoo, it turned out alright.
  • #440
  • Feb 16, 2012 9:15am Feb 16, 2012 9:15am
Sorry, answered at the same time.
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