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  • #4,781
  • Feb 16, 2012 8:01am Feb 16, 2012 8:01am
Letshope it makes the 50% retracement otherwise your locked in 40 pips is going to look pretty shrewd. Still holding on for the 50% with SL at b/e
  • #4,782
  • Feb 16, 2012 8:02am Feb 16, 2012 8:02am
And theres another thing that confirmed my long was that PA boucned off a demand zone created on 25th Jan 2011.
Since i started studying the thread on supply and demand it became a handy tool and just adds more confirmation to my trades
X-man the legendary conqueror of markets
  • #4,783
  • Feb 16, 2012 8:07am Feb 16, 2012 8:07am
The reason i choose 50% retracement is if you look to your left you will see resistance at 1.30774 and the daily pivot is just above there so PA might go there.
If it dont then i know i still have my 40 pips safe.
X-man the legendary conqueror of markets
  • #4,784
  • Feb 16, 2012 8:13am Feb 16, 2012 8:13am
did you use the supply demand indicator or just do it manually?
  • #4,785
  • Feb 16, 2012 8:19am Feb 16, 2012 8:19am
Quoting josh11
For me I trade 30mins chart first there was divergence, we had market baseline under 38 also a Trading Traders Dynamic Index Squeeze... for me this indicates a breakout to the upside most of the time!!! Waited all day and finally came
Good trade bro. Congrats on the patience.

I do also trade the 30 mins but got f**ked today
Thoughts are things
  • #4,786
  • Feb 16, 2012 8:33am Feb 16, 2012 8:33am
Quoting Quezoy
Good trade bro. Congrats on the patience.

I do also trade the 30 mins but got f**ked today
With this sort of set-up for me works alot of the time, If you had a bigger SL then you would of properly been in profit... For me PA is most important and I find TDI help me confirm and all other rule x-man has stated in post ones pdf....

I also think divergence help alot for better probability...
  • #4,787
  • Feb 16, 2012 8:34am Feb 16, 2012 8:34am
Quoting hale-mary
did you use the supply demand indicator or just do it manually?
You can use the indicator or you can mark it manually.
The indicator miss some important areas at times
X-man the legendary conqueror of markets
  • #4,788
  • Feb 16, 2012 8:40am Feb 16, 2012 8:40am
Quoting josh11
With this sort of set-up for me works alot of the time, If you had a bigger SL then you would of properly been in profit...
Yes, but Im not confident with a big SL, though I should get used to it.
Maybe 2x ATR or something.
In the end, I just should have waited.

Anyway, tommorow is a new day and I certainly wont do something like that again.
Thoughts are things
  • #4,789
  • Feb 16, 2012 8:41am Feb 16, 2012 8:41am
Just liquidated out at the 50% fib. line. Up 70 pips.
Hit my goal for the day...

snarlyjack
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  • #4,790
  • Feb 16, 2012 8:41am Feb 16, 2012 8:41am
Quoting X-Man
You can use the indicator or you can mark it manually.
The indicator miss some important areas at times
right, but i meant did you PERSONALY draw the area on this particular trade
  • #4,791
  • Feb 16, 2012 8:43am Feb 16, 2012 8:43am
Quoting X-Man

Like my goals from here is you trade 5 standard lots very soon and then 10 standard lots with minimum risk of course (3% and under). My dream to earn a 7 digit income per month is very very close I can almost feel it.
Wow, you'll be a millionaire soon, greetings.
How much balance did you begin trading with?
  • #4,792
  • Feb 16, 2012 8:45am Feb 16, 2012 8:45am
Quoting hale-mary
right, but i meant did you PERSONALY draw the area on this particular trade
LOL oh you talking about me , noo i had the indicator on.
add the indi and notice the bounce
X-man the legendary conqueror of markets
  • #4,793
  • Feb 16, 2012 8:48am Feb 16, 2012 8:48am
Quoting snarlyjack
Just liquidated out at the 50% fib. line. Up 70 pips.
Hit my goal for the day...

snarlyjack
Im also out .
A nice 65 pips for today.

Today the market tested the traders patience and discipline.
If you have those qualities the market will definitely pay you.
X-man the legendary conqueror of markets
  • #4,794
  • Feb 16, 2012 8:49am Feb 16, 2012 8:49am
Quoting X-Man
Im also out .
A nice 65 pips for today.

Today the market tested the traders patience and discipline.
If you have those qualities the market will definitely pay you.
Agree thanks for the wheelbarrow x-man
  • #4,795
  • Feb 16, 2012 8:49am Feb 16, 2012 8:49am
Goodnight everyone! Today ended up with +40 pips. Gotta double up my demo to go live with this wonderful system...

Looking to short G/J G/U A/J as they entered 68 area! G/J went to 80 lol.

Thanks for the guidance, X-man SnarlyJack and LL! <3 gudnite!
  • #4,796
  • Feb 16, 2012 8:55am Feb 16, 2012 8:55am
Quoting X-Man
Im also out .
A nice 65 pips for today.

Today the market tested the traders patience and discipline.
If you have those qualities the market will definitely pay you.
Last time I was trading when a central bank head was speaking I got out -200 pips (never did like Trichet after that) so when these guys are speaking I'm out. Worked out nicely, fortune favours the brave it seems.
  • #4,797
  • Feb 16, 2012 8:57am Feb 16, 2012 8:57am
look at the size of these one hour candles i will hold my long
  • #4,798
  • Edited 1:27pm Feb 16, 2012 8:57am | Edited 1:27pm
Quoting X-Man
50% retracement anyone???
Your analysis was correct, thats where I put my TP and it took it.Wasnt huge for me becuase I caught this bull move pretty late as I was out of office with an emergency.

On summary most of us felt this was coming.

TDI green was way below 32, 1.3 wasnt pierced too bad and there was a stubborn support (edit, originally I mistakenly wrote resitance) just a little bit below 1.3.
It was damn time for a reversal confirmed with TDI and pullback candle.Confirming once again that London session has volume and serious ADR that if its not shown yet, it will come after a few candles, so patience is a must.
Thanks once again X-man!


Edit
Now it should really hit the trendline and bounce back, from the 61.8 zone.Otherwise all the way up to 200 EMA..
  • #4,799
  • Feb 16, 2012 9:06am Feb 16, 2012 9:06am
What are the two indicators used on your chart? The upper left dashboard and the delta indicator. Can you please post a link.
  • #4,800
  • Feb 16, 2012 9:09am Feb 16, 2012 9:09am
I am out +105 pips what a day.... Done for the week!!!

total +278pips
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