Now we have a move on UJ let see if my pips will increase.
Anyone on the trade with me ?
B.R
Sey.
Anyone on the trade with me ?
B.R
Sey.
Attached Image (click to enlarge)
- #85
- Jan 30, 2012 2:58pm Jan 30, 2012 2:58pm
The game for me the next weeks will be to ride some intervention from Swiss National Bank -SNB- and Bank of Japan -BOJ-
Like fishing you never know when you get the big one.
Like fishing you are happy when you get one.
Let see if the ride is big or small
Enjoy life !!
Cold here in Sweden but sunshine.
I post this just to make one small note to all Technical traders. "it is crucial to keep an eye on large fundamental developments that can change the trading landscape."
Like fishing you never know when you get the big one.
Like fishing you are happy when you get one.
Let see if the ride is big or small
Enjoy life !!
Cold here in Sweden but sunshine.
I post this just to make one small note to all Technical traders. "it is crucial to keep an eye on large fundamental developments that can change the trading landscape."
- #86
- Jan 30, 2012 3:58pm Jan 30, 2012 3:58pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Like fishing, unless I am going for bluegill, it is boring and catching that big one few and far between 
The game for me the next weeks will be to ride some intervention from Swiss National Bank -SNB- and Bank of Japan -BOJ-
Like fishing you never know when you get the big one.
Like fishing you are happy when you get one.
Let see if the ride is big or small
Enjoy life !!
Cold here in Sweden but sunshine.
I post this just to make one small note to all Technical traders. "it is crucial to keep an eye on large fundamental developments that can change the trading landscape."
"Keep your eyes on the helpers" - Mr. Rogers
- #89
- Feb 17, 2012 7:31am Feb 17, 2012 7:31am
Is there anybody riding JPY pairs with me ?
I enjoy the ride
I enjoy the ride
The game for me the next weeks will be to ride some intervention from Swiss National Bank -SNB- and Bank of Japan -BOJ-
Like fishing you never know when you get the big one.
Like fishing you are happy when you get one.
Let see if the ride is big or small
Enjoy life !!
Cold here in Sweden but sunshine.
I post this just to make one small note to all Technical traders. "it is crucial to keep an eye on large fundamental developments that can change the trading landscape."
- #93
- Mar 5, 2012 12:45pm Mar 5, 2012 12:45pm
As always good call. Looking further into long term trading. Any tips and tricks you can share?
For long term trading you need to trade less big lots and bigger SL. So you give your trade some room.
Long term trading is following trends. So use simple trend following rules. Remember that trend following is enter and exit to late.
That my 2 cents ....
- #95
- Edited 2:11pm Mar 7, 2012 1:59pm | Edited 2:11pm
Thanks for answer.
Simple trend following rules?
I like reversal patterns like pin bars etc. If they occur at "good" levels its enough for me to take a trade, Maybe combined with RSI.
I'm not too fond of MA's etc as I think they usually indicate a trend change too late.
That's the time span I'm looking for.
I have started to analyse the weekly charts of the majors for basic patterns, the weekly and daily for S/R levels. My aim is to find the trend change on the weekly and trigger on the daily.
Ill post an example later this week or early next.
You wrote "As always good call". I say "Luck"
For long term trading you need to trade less big lots and bigger SL. So you give your trade some room.
Long term trading is following trends. So use simple trend following rules. Remember that trend following is enter and exit to late.
That my 2 cents ....
I like reversal patterns like pin bars etc. If they occur at "good" levels its enough for me to take a trade, Maybe combined with RSI.
I'm not too fond of MA's etc as I think they usually indicate a trend change too late.
Just as info "Even though my focus on charts is longer term, my actual trading tends to be short term, with trades lasting anywhere from a day or two (in the case of losses) to a month or two."
I have started to analyse the weekly charts of the majors for basic patterns, the weekly and daily for S/R levels. My aim is to find the trend change on the weekly and trigger on the daily.
Ill post an example later this week or early next.
- #99
- Mar 8, 2012 1:50pm Mar 8, 2012 1:50pm
Hey Sey!
So I started to do some analysis on a pair i never traded before, USD/CAD.
Starting on the daily I pulled up a line graph to find S/R of interest. Dating back to May 2007 these are the levels I came up with:
1.2963
1.2048
1.1491
1.0716
1.0287
0.9769
0.9442
Some of these levels are far away from todays price yet been in play for the last five year. If you look at the 1.2963 level its been in play as long back as 1982!!
Around these levels I will look for patterns.
Today we are between to s/r probably heading down. Taking a trade now is not a good idea. R/R is bad and on the daily we have three inside down (even though the last candle hasn't closed yet). The weakly is showing a lot of small indecision candles not indicating a trend.
I will be monitoring this pair and look for trading opportunities in the future.
Any feedback is most appreciated.
So I started to do some analysis on a pair i never traded before, USD/CAD.
Starting on the daily I pulled up a line graph to find S/R of interest. Dating back to May 2007 these are the levels I came up with:
1.2963
1.2048
1.1491
1.0716
1.0287
0.9769
0.9442
Some of these levels are far away from todays price yet been in play for the last five year. If you look at the 1.2963 level its been in play as long back as 1982!!
Around these levels I will look for patterns.
Today we are between to s/r probably heading down. Taking a trade now is not a good idea. R/R is bad and on the daily we have three inside down (even though the last candle hasn't closed yet). The weakly is showing a lot of small indecision candles not indicating a trend.
I will be monitoring this pair and look for trading opportunities in the future.
Any feedback is most appreciated.
- #100
- Mar 9, 2012 12:35am Mar 9, 2012 12:35am
Hi,
Some quick comments so we move the talks forward.
I always trade with multi-time frame view.
The structure of a chart becomes redefined over a period of time (especially in broad periods of consolidation), it is crucial for a trader to understand the time frame that determines candidate trades. If a trader tells me he is bullish on a certain market, I ask him if he is long, at what price, what is his target, what is his time frame, and at what price does he admit he is wrong. The concept of being bullish or bearish means nothing.
I always ask me those questions when I trade. One thing I also always have is "I'm wrong in this trade" What I mean by that I search for why I'm not wrong.
Most of the newbies search for reasons why they are right. Not sure you get my point - Quite sure you are not a newbie -
One more comment:
I like that you search for horizontal lines trading.
I greatly prefer to trade a pattern that offers a horizontal or flat boundary, such as the boundaries of a rectangle, ascending triangle, H&S, etc. I consider such patterns to be horizontal. The reason these are superior patterns for trading is that the penetration of a boundary line most often occurs simultaneously with the violation of a major or minor high or low point within the pattern.
Enjoy your day and hope you get some answer.
Some quick comments so we move the talks forward.
I always trade with multi-time frame view.
The structure of a chart becomes redefined over a period of time (especially in broad periods of consolidation), it is crucial for a trader to understand the time frame that determines candidate trades. If a trader tells me he is bullish on a certain market, I ask him if he is long, at what price, what is his target, what is his time frame, and at what price does he admit he is wrong. The concept of being bullish or bearish means nothing.
I always ask me those questions when I trade. One thing I also always have is "I'm wrong in this trade" What I mean by that I search for why I'm not wrong.
Most of the newbies search for reasons why they are right. Not sure you get my point
- Quite sure you are not a newbie -One more comment:
I like that you search for horizontal lines trading.
I greatly prefer to trade a pattern that offers a horizontal or flat boundary, such as the boundaries of a rectangle, ascending triangle, H&S, etc. I consider such patterns to be horizontal. The reason these are superior patterns for trading is that the penetration of a boundary line most often occurs simultaneously with the violation of a major or minor high or low point within the pattern.
Enjoy your day and hope you get some answer.
Hey Sey!
So I started to do some analysis on a pair i never traded before, USD/CAD.
Starting on the daily I pulled up a line graph to find S/R of interest. Dating back to May 2007 these are the levels I came up with:
1.2963
1.2048
1.1491
1.0716
1.0287
0.9769
0.9442
Some of these levels are far away from todays price yet been in play for the last five year. If you look at the 1.2963 level its been in play as long back as 1982!!
Attachment
Around these levels I will look for patterns.
Today we are between to s/r...