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True Trading Tactics

  • #641
  • Feb 21, 2012 3:57am Feb 21, 2012 3:57am
GU looks on again
  • #642
  • Feb 21, 2012 4:08am Feb 21, 2012 4:08am
Have attatched last candle trade for AUD:CAD, think it works?
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Click to Enlarge Name: AUDCAD 21st Feb.png Size: 229 KB
  • #643
  • Edited 4:10am Feb 21, 2012 4:08am | Edited 4:10am
In Cable Trade, sell at 1.5838 with 27 stop
  • #644
  • Feb 21, 2012 4:10am Feb 21, 2012 4:10am
GU and re-entry on EJ triggered. OMD you placed your stop perfectly.
  • #645
  • Feb 21, 2012 4:15am Feb 21, 2012 4:15am
Quoting RicOshea
In Cable Trade, sell at 1.5838 with 27 stop
looks like a good setup mate, i usually only take trend direction candle trades but this one looks ok, move ur TP if trend line inches up
  • #646
  • Feb 21, 2012 4:19am Feb 21, 2012 4:19am
EURUSD short from yesterday stopped me out.

In again short from another failure candle. Sorry, couldn't post at the time.

I've noticed an interesting pattern which sometimes plays out. Again, apologies but I can't post a chart at the moment.

Look at EURUSD H1.

We had a high, which we then pulled back from. Then we had another push up which also formed the reversal candle.

This second push up and reversal candle indicates a false breakout/stop hunt for the big players to create a better price and increased liquidity for themselves before sending it off south....

Try to think about what these candles "mean" guys!
  • #647
  • Feb 21, 2012 4:20am Feb 21, 2012 4:20am
Quoting RicOshea
In Cable Trade, sell at 1.5838 with 27 stop
First half off at +27 pips, second half to BE. Nice & quick this one!
  • #648
  • Feb 21, 2012 4:21am Feb 21, 2012 4:21am
Quoting Chulmleigh
GU and re-entry on EJ triggered. OMD you placed your stop perfectly.
happy to report that yes i'm still in EJ.
greedy me couldn't resist and also entered short on GU (oredi closed half +9 and moved SL to BE) and EU.

of course my UChf hit SL for -27 (i'm thinking i'd better reconsider dead stop for trend continuation, quite difficult)

rock on.
  • #649
  • Feb 21, 2012 4:24am Feb 21, 2012 4:24am
Quoting RicOshea
First half off at +27 pips, second half to BE. Nice & quick this one!
Is Cable forming a double bottom at todays low and just above round number?
  • #650
  • Feb 21, 2012 4:38am Feb 21, 2012 4:38am
Quoting RicOshea
Is Cable forming a double bottom at todays low and just above round number?
I think foward direction could be south, as the daily chart has a good doji cross formed from yesterday, se will see how this 1H 100sma stands, was tested earlier, i wont enter unless we break.
  • #651
  • Feb 21, 2012 4:41am Feb 21, 2012 4:41am
Quoting WestAus
I think foward direction could be south, as the daily chart has a good doji cross formed from yesterday, se will see how this 1H 100sma stands, was tested earlier, i wont enter unless we break.
Thanks-don't always remember to look at daily. I hope you are right about a move south. One thing I have noticed after an initial fairly positive response to news is that sentiment can change rapidly to the opposite!
  • #652
  • Feb 21, 2012 4:44am Feb 21, 2012 4:44am
Quoting Gt3rs
EURUSD short from yesterday stopped me out.

In again short from another failure candle. Sorry, couldn't post at the time.

I've noticed an interesting pattern which sometimes plays out. Again, apologies but I can't post a chart at the moment.

Look at EURUSD H1.

We had a high, which we then pulled back from. Then we had another push up which also formed the reversal candle.

This second push up and reversal candle indicates a false breakout/stop hunt for the big players to create a better price and increased liquidity for themselves before sending...
I am very sorry to admit that you are right and the big players are making the price not the market
  • #653
  • Feb 21, 2012 4:45am Feb 21, 2012 4:45am
Quoting RicOshea
Thanks-don't always remember to look at daily. I hope you are right about a move south. One thing I have noticed after an initial fairly positive response to news is that sentiment can change rapidly to the opposite!
100sma and double bottom broken, see where she lands!
  • #654
  • Feb 21, 2012 4:49am Feb 21, 2012 4:49am
Quoting WestAus
100sma and double bottom broken, see where she lands!
I would feel more positive if 1.5800 broken though.
  • #655
  • Edited 5:49am Feb 21, 2012 4:53am | Edited 5:49am
Quoting RicOshea
I would feel more positive if 1.5800 broken though.
Fairly thick support there.
  • #656
  • Feb 21, 2012 5:51am Feb 21, 2012 5:51am
closed half of EJ +20, half of GU +9, half of EU +14
now trailing the SL for all 3 as they move.
  • #657
  • Feb 21, 2012 6:33am Feb 21, 2012 6:33am
Quoting Omd
happy to report that yes i'm still in EJ.
greedy me couldn't resist and also entered short on GU (oredi closed half +9 and moved SL to BE) and EU.

of course my UChf hit SL for -27 (i'm thinking i'd better reconsider dead stop for trend continuation, quite difficult)

rock on.
hello all, looks like your having fun.

Omd when was your UChf trade. i only see a possible entry at 9am which went up some 25pips and is still going..Good trades on EU and GU for upto 50pips...EJ a bit trickier, but if you stuck with the signal at the high of the day you'd be fine.
  • #658
  • Feb 21, 2012 6:38am Feb 21, 2012 6:38am
Quoting kraven
just took some more off EU for +130, move SL to under todays open so locked in 60pips regardless

moved SL on UChf to .9124 to lock in +44
i'm out of these but i can't complain, done well already this week.
  • #659
  • Feb 21, 2012 6:39am Feb 21, 2012 6:39am
Quoting kraven
we have a daily GU short which broke earlier...i didn't get in (conflict of interest as i'm long EU) but i'll take it if it breaks 1.58280 again for a small bet
i just got triggered into this one now.........for a daily the SL is fairly low and i ain't put much on.
  • #660
  • Feb 21, 2012 6:51am Feb 21, 2012 6:51am
Quoting kraven
hello all, looks like your having fun.

Omd when was your UChf trade. i only see a possible entry at 9am which went up some 25pips and is still going..Good trades on EU and GU for upto 50pips...EJ a bit trickier, but if you stuck with the signal at the high of the day you'd be fine.
it was the dead stop at 7-8am for short. don't think i will be using dead stop anymore haha, i'm obviously using them wrong ;p better stick to krc.

hit SL for GU (total +18) and EJ (+26)
still hanging in there for EU.

missed a nice AU signal at 1100h. moving up now. anyone took it?
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