Two Lines and a Chart

Okay! While I was going over charts I saw that I had an entry on nzdusd short. So, I opened up two trades. One with a TP and the other without a TP. One will hopepfully run for a thousand pips. The other, a much more reasonable target, yet with still plenty of profit.

Here is my chart and enjoy if it is useful to you.

I will have to make sure that this doesn't turn into a range area between the blue and brown line, as I think I would like to close all trades as I would be less than sure on the break direction.

I made the mistake of changimg;mg ;mgadding longs here before i was supposed to. It might work out since we may have entered a range, unless this is this is this is the continue leg for the run down. The run down in which I should be adding shorts for. That dotted line goofed me up and made me think that the last swing high gave us a higher high, but I would say that it didn't after looking hard at it. It was mearly bouncing a higher off the stop of the range, before heading lower. I'll ll hold longs for now. This is a nice looking trade. Got to run... hope this help!

eurusd h4

A nice breaK out higher deseved another long position to help take it even higher

Added another long trade. It should have been lower. So, for not recognizing it, I just went ahead and entered it later.

This post should show how I added an additional gbpusd long gbpusdntrade

Here is the first crossover trade of what I hope is a very nice long run, We'll see, the charts will reveal what I need to know to me, and I will try to understand what it is telling me. Time to start having some fun!

Dust

Well, this was my first good day of almost properly entered trades. I say almost because, yes. I got a little bit excited.

I saw a few pairs that were ready for the entries and so I entered them and a few pairs that usually swing with those pairs which showed they weren't read and of course, I thought the charts were wrong . Of course... again they were not !

It is all good though. It is the first time that I ran into this in real time, and next time the pips won't be so lucky. As it gets easyier for me to check and see my chart, it will get easier for me to load them up for anyone who wants to view them,

Later Pips!

Dust

Hello. I needed a break and so I took One

Here is where I am at:

1. I love the h4 entry and exit rules. They are absolutely how I want them to be. The first page does not have them right.

2. I have been trading too many pairs. I am also a full time student and am going trough cancer at the moment as well. For this reason I am going to cut down to just a few pairs and raise the lot sizes significantly

3. The remaining pairs I am going to trade using the same strategy on the weekly charts.

4. I may take off a few pairs to trade on the daily charts as well, but I might wait till things slow down for me to do that. Now I just need to pick thhe pairs that I want to trade.

5. I will than try to post every chart at every interval with commentary as best I can so people can follow along if they chose and update the first page as best I can.

Good Luck with the trade fellow pip masters!

The other thing that I wanted to mention about my earlier trading that I was doing, is that there is always one type of trade I take first, and if that trade doesn't show u, I don't take the other ones in that same direction. Earlier, I was just taking them to get the feel for entering and exiting the market again and get the used to when I should enter and exit the market again.

Here was a trade that went short when I was not around. Would have given us a few pips before going long. Then entered a range of how long I don't know, kind of at the same time I got a long signal again. It is pretty unique to get so many signals so close in a row, so I took the long, and it was my primary trade that I want as my first trade, and well hope that the range does not whip me around. Normaly I would enter some positions in a range, but I think that I will wait and see what happens as everything happend here on the same bar. I think I will see what establishes itself first.

Here is what I am looking to do:

1) I am going to trade eruusd, erujpy, eurnzd, gbpusd, grpjpy and grpnzd on the h4 chart. Hopefully this turns out to not be more then I can handle, as I would like to be able to post chart and give commentary right on my charts as I go along.

2) Since I already have a nice stake in a silver thru a silver traded fund, in my ROTH, I am going to watch silver on a daily as well as weekly chart. I hope to get out during sell positions as I cannot sell short thru this fund, then, buy back long when I get a signal for it. This will happen over time as I get comfortable, as this is a "no joke fund" with money I can no longer afford to lose.

3) For now, that is all I will put on the daily watch list as I get used to this. Everything else I will try to put on the weekly charts, and for a while will probably provide much less commentary but, will provide charts, and other things when I get a chance.

4) I believe that this system trades the best of the h4 and the w1 charts, but, with a little adjustments could do well on the daily TF's as well, The other thing that I would like to know is if GBP or EUR pairs trade better than the other on the h4 TF than the other. That is why I decided to try trading three euro pairs and 3 sterling pairs.

5) I believe that some rendition of this will become my first postm but just not right now.

From lower I would have been long with my primary trade. Then I would have entered the upper range, which I would be trading as a continuation zone for adding more long trades until something happened. I am not going to do this real time though, because I want my primary trade in place. This range is marked by the silver horizontal lines and the brownsih X's. The arrow would have triggered my first safe range trade once the range trade would have been verified enough for me to take a trade, and would have been entered into the market when the lower range would have been hit by the candlestick.

I will just have to wait and catch the next one.

I have a SS order place at 125.75 with a SL placed at 126.40.

I am still working on how to place my SL targets. I am sure that I am close, but still wanting to keep my eye on things.

All my targets will move with me, anyone can follow along which wants to, and I will update as I can. This was a tight area to take a trade. I certainly like them when they are a bit more open, but the rules were met, so in I go

currently silver is holding its long upper channel consolidation. It broke lower indicating that it may be weakening, but then had no problem shooting back to the upper channel TL. I would still be holding my longs with no thought of looking for an exit.

I have cancelled the ss order I had previously in place. This is because price has now entered the LOTL (The Land of the Lost). My conditions were met that verify that we have entered a consolidation long zone. For how long, I just don't know. I am anticipated that price will break out of this and continue higher, but I will be watching in case that it does not. If I was in a primary trade at this point, I would be looking to place BL orders at my lower channel line. Half of the trade would have a 1:1 ratio, and I would place no TP for the other half of the trade. For this I would go ahead and use my normal entry rules. But, I always start any trade sequences with a primary trade, and the primary trade for this run woul have been somewhere down around 119 maybe at a quick glance, but for sure around 122. That is all for now!

BL Orders


BL @ 125.65 SL @ 125.15 TP @ 126.70


Bl @ 125.65 SL @ 125.15 TP @ None Set


I have set two BL orders. I set my risk in half for each one, put the same SL on on both orders with no TP on one. Ot os essential one order, but I am able to manage them seperately.

This happened so fast I didn't get around to placing them, so I just entered them. I already determined that the range was tradeable, so I entered 2, 1/2 sized entries, as one will have a TP and the other will not.

I am still making sure everything is set before I leave my trades as I do not want to return for the next 4 hours if possible.

BL Entries

BL @ 1.8876 SL @ 1.8776 TP @ 1.8980
BL @ 1.8876 SL @ 1.8776 TP @ Nothing Set

I moved up my BL orders by 5 pips thsi morning. I usually mess with the lines myself. Rather than maing some set line, I usually see what line will work, and as it looks as if maybe price might just want to head on back up this morning, I thought I might give my trades a slight edge to get in the trades and still be safely in what I would call my range zone.

I see that I am going to have to do something with my margin. I think when I did my calculations, my lot sizes were figured at just a tad too steeply. Something else to redraw now

We have made it out of LOTL and are pushing higher. That means no more range play until I am satisfied we have entered another range.

Range Play Cancelled

I played a long bounce trade, but as a day later or so I got confirmmation that my upper range line had not been hit again. Because the upper range was not hit, I have to know that price is losing steam upwards. Incidentally, I had a short set up waiting and so I closed my longs with a small profit and entered a short.

Things are really tight right now, and if I don't get a lower low here before I get my next generated long signal, I will be reversing again. This does not mean it could not go higher, it is just that for the next few candles, I am betting that it won't.

I have stopped range trading at the moment, and closed the channel.