True Trading Tactics | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Carpe diem: Intraday tactics for Dax and Dow 54,658 replies

What tactics will prevent getting hurt in enormous swings? 7 replies

NEWBIE Tactics! 18 replies

S/R Trading tactics 4 replies

True Range Trading 2 replies

Attachments: True Trading Tactics
Exit Attachments

True Trading Tactics

  • #701
  • Feb 22, 2012 4:14am Feb 22, 2012 4:14am
Quoting handy148
KRC on EU
timeframe would be useful
  • #702
  • Feb 22, 2012 4:18am Feb 22, 2012 4:18am
anyone take the EUR:GBP 1hr trade a couple hours ago, was looking like a good short setup, i got in then got crushed as it surged north
  • #703
  • Edited 4:23am Feb 22, 2012 4:22am | Edited 4:23am
Quoting WestAus
anyone take the EUR:GBP 1hr trade a couple hours ago, was looking like a good short setup, i got in then got crushed as it surged north
I know not everyone takes account of news when using this strat. but the Bank of England minutes released at 9:30 am had sharp effect on the pound I think.
  • #704
  • Feb 22, 2012 4:22am Feb 22, 2012 4:22am
sorry H1
  • #705
  • Feb 22, 2012 4:26am Feb 22, 2012 4:26am
Quoting RicOshea
I know not everyone takes account of news when using this strat. but the Bank of England minutes released at 9:30 am had sharp effect on the pound I think.
i clicked for my trade to go in then a few seconds later i was $80 down, though i had stumbled on a terrible spread but it was just going up up up......
  • #706
  • Feb 22, 2012 4:30am Feb 22, 2012 4:30am
Quoting handy148
sorry H1
think a few of us are already in a short position for EU from the previous H1 reversal candle which was also derived from the high of the day...
  • #707
  • Feb 22, 2012 4:34am Feb 22, 2012 4:34am
Quoting handy148
sorry H1
  • #708
  • Feb 22, 2012 4:43am Feb 22, 2012 4:43am
Quoting Omd
think a few of us are already in a short position for EU from the previous H1 reversal candle which was also derived from the high of the day...
Could you pic this, was it reverse candle or railroad?
  • #709
  • Feb 22, 2012 4:50am Feb 22, 2012 4:50am
Here you go.
Attached Image (click to enlarge)
Click to Enlarge Name: high of day example.gif Size: 35 KB
  • #710
  • Feb 22, 2012 4:59am Feb 22, 2012 4:59am
Beware of support trendline.

I feel if this breaks, we could finally make it back to the gap fill...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 79 KB
  • #711
  • Feb 22, 2012 5:02am Feb 22, 2012 5:02am
True, but the 200ma is in the way.
  • #712
  • Feb 22, 2012 5:05am Feb 22, 2012 5:05am
However, if it plugs the gap I can't see much holding it up as the momentum would be fairly strong.
  • #713
  • Feb 22, 2012 5:20am Feb 22, 2012 5:20am
for fks sake ive been smashed in the last couple of days with every trade, lost a week work and more...ahahahrgajhahaha
  • #714
  • Feb 22, 2012 5:45am Feb 22, 2012 5:45am
Quoting WestAus
for fks sake ive been smashed in the last couple of days with every trade, lost a week work and more...ahahahrgajhahaha
sorry about that
  • #715
  • Feb 22, 2012 6:25am Feb 22, 2012 6:25am
Quoting WestAus
for fks sake ive been smashed in the last couple of days with every trade, lost a week work and more...ahahahrgajhahaha
Hi mate, maybe you could post up your charts with entries etc and we'll see if we can help?
  • #716
  • Feb 22, 2012 6:55am Feb 22, 2012 6:55am
Quoting Gt3rs
Hi mate, maybe you could post up your charts with entries etc and we'll see if we can help?
Will try to put them up in next couple days. But i trade using rising star and falling star candles, other doji candles such as a large cross, usually at the top of a recent move up or down to signify change in direction. Also try to trade these only when above 100ema going long, and below going short.
I use 1H charts on majors and usually only enter once the next candle has exceeded last candles low or high 'in profitable direction'.

My risk reward ratio is 2.5:1
SL between 15-25, so some trades are not made due to large TP move required. Just been lots of good candles and then entered trades, only to be wipped out of them.
  • #717
  • Feb 22, 2012 7:12am Feb 22, 2012 7:12am
Quoting WestAus
Will try to put them up in next couple days. But i trade using rising star and falling star candles, other doji candles such as a large cross, usually at the top of a recent move up or down to signify change in direction. Also try to trade these only when above 100ema going long, and below going short.
I use 1H charts on majors and usually only enter once the next candle has exceeded last candles low or high 'in profitable direction'.

My risk reward ratio is 2.5:1
SL between 15-25, so some trades are not made due to large TP move required....
Ah! OK, so you're not trading the reversal candles as per this thread then.

Maybe no point posting your charts for everyone to analyse.....
  • #718
  • Feb 22, 2012 7:18am Feb 22, 2012 7:18am
Hey Caillou,

I see you are there. I reckon your M15 method is doing quite well today.
  • #719
  • Feb 22, 2012 7:30am Feb 22, 2012 7:30am
Yes I've been observing the M15 charts today and see what you mean.
  • #720
  • Edited 7:45am Feb 22, 2012 7:36am | Edited 7:45am
Quoting handy148
Yes I've been observing the M15 charts today and see what you mean.
Yeah, I've been following his tactic too. Marking out the trades I didn't take. I did score on one with the flow of the H1 trade: the break of the 10:30 candle. After the Brokers bit I got +10.

Incidentally, just closed EU H1 at BE as I now want to see a break and test of the triangle (not thread rules I know), and I quit EJ earlier for -5 as I didn't like the fact that the Yen is clearly more of a pushover than the Dollar.

Cheers.

EDIT: Calliou method so far since 08:00 I reckon is +48. 5 trades which means my net would be something like +40
EDIT #2: Actually there might have been a dead stop long close of 10:15 candle which was voided by the 10:30 reversal so subtract 3 pips from that account.
3 traders viewing now