Two Tube Trading

Forex Market Hours

http://www.forexmarkethours.com/

7-Indicator-Template, White
Indicators: CCI, EMA 8, EMA 21, EMA 55, SMA 200, 123PatternsV6, Pivotals
See attachment, please.

> EURUSD, H4

LTT PO NZDUSD, Weekly/Monthly, Short @ 1.8750, Target @ 1.7500

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Label:
LTT = Longer Term Trade
PO = Pending Order

LTT PO USDCAD, Weekly/Monthly, Long @ 0.95, Target @ 1.0/1.05

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Label:
LTT = Longer Term Trade
PO = Pending Order

LTT PO USDDKK, Weekly/Monthly, Short @ 5.6350, Target @ 5.12

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Label:
LTT = Longer Term Trade
PO = Pending Order

LTT PO EURTRY, Weekly/Monthly, Short @ 2.4, Target @ 1.96

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Label:
LTT = Longer Term Trade
PO = Pending Order

LTT PO GBPAUD, Weekly/Monthly, Long @ 1.47, @ 1.46, @ 1.45; Target @ 1.60, @ 1.6450, @ 1.77

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Label:
LTT = Longer Term Trade
PO = Pending Order

I am thinking out loud here. I don't know much about GA. I plotted your targets. It looks like the pair is at an all time low. you have 3 PO even lower the 1.47 should hit the others ????

The targets look like the last time they were at those levels was Oct- Nov 2011 the 1.77 6-8 months or more ago

I see where you are getting these targets . . . S/R level

A trader would have to show tremendous patience to watch the 1.45 to 1.77
that is over 3000 pips

Would you TS and is so what amount ? 200+?

Hi dryclean!
It's not my intention to give any explanation or clarification about my decision process. I like to trade the Forex Market at different time frames. In Long Term Trading (hosted to LTT-Extra Accounts) you have drawdowns about 200-1000 Pips (that's irrelevant) and maybe I will seldom take a look bimonthly in the order books. Realize that not all POs would be triggered and that I give the market its breath. The rest is MM. Maybe most of them I could delete anytime in particual when the negative costs (Swap - negative interest) will be come up. LTT-Accounts should be more additional revenues for me and have more the status of ultra-conservative managed accounts in comparison almost opposite with my scalping accounts. At LTT I make a decison and then I put it away for several months.

"A trader would have to show tremendous patience to watch the 1.45 to 1.77 that is over 3000 pips"
Patience?
Approximate Values
Simply bit of advice: Make not a hard rule of it! That's whack! You could fractionize your entry and exit orders at different entry and exit levels if you like, ...or don't watch! I select some PO's and put it aside. You could keep a LTT-Diary. What seems to be the trouble? I don't understand your aspect! If I could earn carry trades then it's not so important for me how long a trade will running in the win-zone. Maybe I will trade more orders in the bigger trend (the long intervall) at smaller time frames intermediate (H4, Daily). Maybe patience is age-dependent. I don't know. I wouldn't have any problems with long term orders who could also running for several years if I had my way. Other traders like to go out before out of the market. Why not!

20-500 LTT in one Account per anno?
Different Currency Pairs? ... same Currency Pairs at different Entry and Exit Levels? ....Carry Trades? ...Index Values? ...Gold?, ...Silver?...
The icing on the cake should be more then the sum of its parts.
Kindest regards
FXcube

Hi all !

Just finished watching this video of Jack D. Schwager, and found it funny and with some interesting theories. Hope you like it too.

54min. video.

I think that what the guy is drinking is water...not vodka!


Best regards,
Hatzerim

Every Trader has to follow their own light!

EURUSD, H4/Daily, 2012 March 04

Daily has reached EMA55 and H4 is near the SMA200 (~1.3179). Weekly has overdrawn the candle one week before. Wait for a clearer picture at M15 and try to make some scalping trades this week.
FXcube

EURUSD, M30/H1/H4, 2012 March 05
...at the back of one's mind?
@1.3237 (DP), @1.3263 (mR1)
Weekly, Daily, Monthly could go further down.
FXcube

EURUSD, M1, 2012 March 05

Scalping Trades beyound the Market Hours.

Profit: +1.4%

(Target: 1% per Day)

Every trader has select his own risk tolerance.

When I scalp I think in terms of order clusters. The orders in open clusters are relatively young and high in number.

The orders in any one cluster are related to one another by their common origin – they are all believed to have formed at roughly the same time from the same cloud of price area.
FXcube

EURUSD, M1, 2012 March 05

Scalping considered different Entry & Exit Levels.

Maybe that some scalping traders would go out at Point B with a Loss when they have enter Short at Point A. Looking at M5/M15 charts could save you from executing wrong decisions. To the contrary why not enter in the market at Point B de novo?
FXcube

5K-Account
Overview
Profit Today: 3.4%
(Target 1% per Day)

2012 March 05, 02h08 CET
Open Trades, Working Orders

If I would trade with 0.5 Lot normally (with a 5K-Account) I would fractionize the orders to 1:10 and favor to trade with several 0.05 Lot Size Orders. This way of trading gives me more freedom to go in and out of the market at different entry and exit levels and if the market price would run in a loss I could manage it via LOM at a higher time frame (See e.g. #78).
FXcube

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Label:
LOM = Loss Order Management

G'day FC and others
Following the recent PM I sent here are some charts to illustrate how I trade CCI divergence. After 3 months live trading and around 100 trades an edge possibly exists but it is pretty small. I'm hoping someone maybe able to increase the win rate which is currently slightly better than 60%. R/R is a nominal 1:1 with slight adjustments to avoid round numbers. TP and SL 12 pips. I use atr period 5 above 6 to avoid a flat market and generally trade 1 hr either side of London Open. As the charts show I'm looking for a CCI peak above /below 100 then a retrace then another peak above/below the 100 and divergence from price. This is on the 5 min chart. Once I see that setup I switch to the 1 min chart and wait for COB above/below the T3 MA 9---but I like to see price respecting the ma beforehand. You could probably use any MA. It is a simple system and the style of trading suits me but naturally I'd like to see profitability increase and any help is appreciated.

Here is a successful short on EU that just happened