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Buy sell line trading

  • #241
  • Mar 8, 2012 6:37am Mar 8, 2012 6:37am
Quoting johntan
on H1 AJ, there was a buy call signal on previous candle.
signal candle: high 85.84;low 85.57.
spread 10pips.
buy trigger: Long 85.95 (1 pip + 10pips spread)
stop loss: 85.56 (1 pip) or 85.46 (1 pip + 10 pips spread), which one is correct?
target: 86.34 for (1 pip SL) or 86.44 (1 + 10 SL)?
update profit trade AJ + 39pips.
Attached Image (click to enlarge)
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patient....
  • #242
  • Mar 8, 2012 6:44am Mar 8, 2012 6:44am
Quoting johntan
update profit trade AJ + 39pips.
Nice Trading Johnstan

See how the trade is much more powerful when it bounces off the pivot area..

And you had 40 pips clear to R1 line
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #243
  • Mar 8, 2012 6:44am Mar 8, 2012 6:44am
EU H1 long signal, bailed when it closed down... fear!.. bad call

GU H1 long hit tp
Attached Image(s) (click to enlarge)
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tradewith60
  • #244
  • Mar 8, 2012 6:46am Mar 8, 2012 6:46am
GJ AJ trades asia and london open, both went to obvious stop/pause points.
Attached Image(s) (click to enlarge)
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tradewith60
  • #245
  • Mar 8, 2012 6:48am Mar 8, 2012 6:48am
Quoting johntan
update profit trade AJ + 39pips.
well done mate
tradewith60
  • #246
  • Mar 8, 2012 6:51am Mar 8, 2012 6:51am
Quoting Seabreeze
Nice Trading Johnstan

See how the trade is much more powerful when it bounces off the pivot area..

And you had 40 pips clear to R1 line
thanks seabreeze.
i'm currently test the system on demo.
i am apply the simplest strategy as mention #1 which without pivot or S/R line on it.
it could be luck to profit this time.http://www.forexfactory.com/images/icons/icon10.gif
kinda like this simple system. http://www.forexfactory.com/images/icons/icon6.gif
patient....
  • #247
  • Mar 8, 2012 6:54am Mar 8, 2012 6:54am
..even though price was above the hrly MA in this example, two successive BEOBs off resistance piqued interest. Dropped down to the 5min and entered off a 123. Watched price closely at the round number, there was a 5min BUOB where a break would have prompted an exit around breakeven. From there price fell nicely to target at today's pivot.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BEOBAC080312-1.GIF Size: 57 KB
Click to Enlarge Name: BEOBAC080312-1a.GIF Size: 40 KB
Click to Enlarge Name: BEOBAC080312-1b.GIF Size: 8 KB
  • #248
  • Mar 8, 2012 6:57am Mar 8, 2012 6:57am
Quoting johntan
thanks seabreeze.
i'm currently test the system on demo.
i am apply the simplest strategy as mention #1 which without pivot or S/R line on it.
it could be luck to profit this time.http://www.forexfactory.com/images/icons/icon10.gif
kinda like this simple system. http://www.forexfactory.com/images/icons/icon6.gif
Hi johntan

60mm has presented a very sound trading strategy here and you will do very with this..Over time you will get better and better at filtering out weaker trades and you will not need any indicators.

I have taken part in this thead because I too trade like this I have three ways to trade the Forex and this is very simular to one of them..

I hope 60mm dont mind my posts..
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #249
  • Mar 8, 2012 7:03am Mar 8, 2012 7:03am
Quote by seabreeze - "Trading without pivots is like going shopping naked.. "
Where did you get your PP indi? I downloaded one that turned out to be modified for a particular strategy and it wasn't useful for me. thanks, p

Quoting Seabreeze
Hi Charmane as Billbss said there are many reasons that some trades fail and this was a classic..

If you see the chart below you can first see that several hours ago there was a pin bar or hanging man indicating a possible reversal of trend

The next candle pierced the pivote line and has most times you then get a rejection of resistance 1 and causes a tempory pullback..

What we would then wait to see is if the price uses the pivot as support..

The price did use the pivote as support and infact your sell entry was right on pivote support....
  • #250
  • Mar 8, 2012 7:04am Mar 8, 2012 7:04am
Quoting sidefx
..even though price was above the hrly MA in this example, two successive BEOBs off resistance piqued interest. Dropped down to the 5min and entered off a 123. Watched price closely at the round number, there was a 5min BUOB where a break would have prompted an exit around breakeven. From there price fell nicely to target at today's pivot.
Nice price action trading sidefx,
tradewith60
  • #251
  • Mar 8, 2012 7:06am Mar 8, 2012 7:06am
Quoting piprac
Quote by seabreeze - "Trading without pivots is like going shopping naked.. "
Where did you get your PP indi? I downloaded one that turned out to be modified for a particular strategy and it wasn't useful for me. thanks, p
Threre you go

Attached File(s)
File Type: mq4 PivotsDaily.mq4   15 KB | 832 downloads
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #252
  • Mar 8, 2012 7:16am Mar 8, 2012 7:16am
Quoting Seabreeze
Threre you go

Attachment
Thank you. This is a very good thread with helpful traders pointing out the obvious and the not-so-obvious for old guys like me. Thanks to all, p.
  • #253
  • Mar 8, 2012 7:17am Mar 8, 2012 7:17am
Quoting 60minuteman
Nice price action trading sidefx,
...and a similar setup now on AU (hrly short). Need to be wary of news in 5 though..
  • #254
  • Mar 8, 2012 7:38am Mar 8, 2012 7:38am
Quoting sidefx
...and a similar setup now on AU (hrly short). Need to be wary of news in 5 though..
yeah we've hit some serious levels, expecting a retrace to the lows of that swing low 21st feb, if we close above then likely going up to the top of the range high again

AU H4
Attached Image (click to enlarge)
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tradewith60
  • #255
  • Mar 8, 2012 7:46am Mar 8, 2012 7:46am
Quoting 60minuteman
yeah we've hit some serious levels, expecting a retrace to the lows of that swing low 21st feb, if we close above then likely going up to the top of the range high again

AU H4
  • #256
  • Mar 8, 2012 8:12am Mar 8, 2012 8:12am
Quoting 60minuteman
yeah we've hit some serious levels, expecting a retrace to the lows of that swing low 21st feb, if we close above then likely going up to the top of the range high again

AU H4
NZD/USD is pretty much identical. just a bit 'cleaner' that the AU chart + has put in a nice pinbar right at sup/res area ... will be looking for an englufing short on 1hr ... or not just had a look at one hour and price is way above sma ...what do we do when sma's on different time frams are contradicting each other ?

Attached Image (click to enlarge)
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  • #257
  • Edited 8:52am Mar 8, 2012 8:27am | Edited 8:52am
Quoting sidefx
...and a similar setup now on AU (hrly short). Need to be wary of news in 5 though..
..a very pleasing +30 odd. I really like this setup off pivots, gives more confidence to enter counter the MA. In fact, i'm now finding the MA a little redundant and have taken off the template.
Attached Image(s) (click to enlarge)
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  • #258
  • Mar 8, 2012 8:28am Mar 8, 2012 8:28am
Quoting dan89
NZD/USD is pretty much identical. just a bit 'cleaner' that the AU chart + has put in a nice pinbar right at sup/res area ... will be looking for an englufing short on 1hr ... or not just had a look at one hour and price is way above sma ...what do we do when sma's on different time frams are contradicting each other ?

Attachment
Thanks for the heads-up...looks interesting.
  • #259
  • Mar 8, 2012 8:55am Mar 8, 2012 8:55am
Hello, today I had a little time, so no trade. I liked the morning signals on GU and UC. I would definitely take it.
Sorry for my bad english.
  • #260
  • Mar 8, 2012 8:56am Mar 8, 2012 8:56am
oh, after all bad remarks by dan89 i see the reason. Is he that jump from system to system, accepting erevything they saw to him. Plus he jump from scammer to scammer:
http://www.forexfactory.com/showthre...77#post3778477
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