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Buy sell line trading

  • #541
  • Mar 13, 2012 4:30pm Mar 13, 2012 4:30pm
Just saw this one on the EU H4. Should be a nice one. Daily show pending short setup as well.

http://img220.imageshack.us/img220/1962/59949731.jpg

sell stop 1.3048, stop loss @ 1.3123,limit @ 1.2970

Ok, I'm gone for real now.
Consistency = Steady growth = Solid equity
  • #542
  • Mar 13, 2012 6:24pm Mar 13, 2012 6:24pm
Yea Nubeez i have pending short on eur and cad on daily. Will see how they turn out. This is on the fxxd feed ny close. Good luck man. Tex
  • #543
  • Mar 13, 2012 7:14pm Mar 13, 2012 7:14pm
ECAD DAILY TF

really love this set up, ECAD has one of the best trends around right now, strong and sustained.

Obvious swing low is 50 pips from entry I will remove risk there.

Blue and Yellow lines TP1 and TP2... might take a few days..

150 pip stop, risking 2%
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-14 at 02.10.09.jpg Size: 62 KB
tradewith60
  • #544
  • Mar 13, 2012 8:42pm Mar 13, 2012 8:42pm
Hello 60Mman,
It appears that your system here, may be just the one for my small live account.
Like the idea of the alternate pullback entry.
At the risk of infringing your ban on indicators and Ea, I had to ask if you would entertain the idea a simple arrow to highlight the highest/high or lowest/low in 5 bars?
It would really assist in scanning for pullbacks.
Thanks,
EP
  • #545
  • Mar 13, 2012 10:50pm Mar 13, 2012 10:50pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB


Im short at e/u @ 1.3055
Twitter @raitchev
  • #546
  • Mar 14, 2012 12:01am Mar 14, 2012 12:01am
Quoting raitchev
Attachment

Im short at e/u @ 1.3055
I guess liquidy was too low for any major move. Got just 7 pips
Twitter @raitchev
  • #547
  • Mar 14, 2012 2:06am Mar 14, 2012 2:06am
Hello, i don't wanna clutter your topic, i just want to compliment to you, this is a really good way to trade!

Althrough i don't trade this method (ill sit on my own for now), i have something for you, hope you will appreciate it: OB Ident

Just manually backtested it on EURUSD 4h, GMT+1, Activtrades broker, have scored about 285 pips since jan 1 2012.. 12 Trades, 7W 5L.
Those results are in line with yours?
Or maybe i'm just completley wrong, it's really possible

Have a good day, and green pips!
  • #548
  • Mar 14, 2012 3:19am Mar 14, 2012 3:19am
Quoting NuBeez
Just saw this one on the EU H4. Should be a nice one. Daily show pending short setup as well.

http://img220.imageshack.us/img220/1962/59949731.jpg

sell stop 1.3048, stop loss @ 1.3123,limit @ 1.2970

Ok, I'm gone for real now.


why are you shorting here ?
  • #549
  • Mar 14, 2012 3:22am Mar 14, 2012 3:22am
Quoting EaglePip
Hello 60Mman,
It appears that your system here, may be just the one for my small live account.
Like the idea of the alternate pullback entry.
At the risk of infringing your ban on indicators and Ea, I had to ask if you would entertain the idea a simple arrow to highlight the highest/high or lowest/low in 5 bars?
It would really assist in scanning for pullbacks.
Thanks,
EP
Hi Eagle, welcome... sorry I should of been more specific with the EA thing, what i dont like is a basic trading robot EA that people test 2 weeks on 1 pair and then proclaim "the system doesn't work", it's lazy and proves only 1 thing, they don't understand trading.

I actually use an EA to manage my trade, and I know someone who has one that searches for engulfings. Those sort of aids are great... so go for it.
tradewith60
  • #550
  • Mar 14, 2012 3:46am Mar 14, 2012 3:46am
Quoting SteMag
Hello, i don't wanna clutter your topic, i just want to compliment to you, this is a really good way to trade!

Althrough i don't trade this method (ill sit on my own for now), i have something for you, hope you will appreciate it: OB Ident

Just manually backtested it on EURUSD 4h, GMT+1, Activtrades broker, have scored about 285 pips since jan 1 2012.. 12 Trades, 7W 5L.
Those results are in line with yours?
Or maybe i'm just completley wrong, it's really possible...
Hi SteMag, excellent I will check it out, looks good on paper
tradewith60
  • #551
  • Mar 14, 2012 4:07am Mar 14, 2012 4:07am
Quoting whatfx
why are you shorting here ?
Hi whatfx,

I shorted the engulfing bearish bar. Although we were so close to the 1.3000 round, was following rules particularly with daily below sma.
Consistency = Steady growth = Solid equity
  • #552
  • Mar 14, 2012 4:08am Mar 14, 2012 4:08am
Quoting NuBeez
Just saw this one on the EU H4. Should be a nice one. Daily show pending short setup as well.

http://img220.imageshack.us/img220/1962/59949731.jpg

sell stop 1.3048, stop loss @ 1.3123,limit @ 1.2970

Ok, I'm gone for real now.
Trade closed -31pips.
Consistency = Steady growth = Solid equity
  • #553
  • Mar 14, 2012 4:12am Mar 14, 2012 4:12am
Quoting NuBeez
60mm or anyone...here is my concern, look at this NU short setup, but we are sitting on the ma. What do we do? ignore these or just trade the setup?

Daily down and H4 down.

http://img831.imageshack.us/img831/567/31153120.jpg

Your opinions welcome.
My doubted NU trade delivered.
Consistency = Steady growth = Solid equity
  • #554
  • Edited 5:12am Mar 14, 2012 5:00am | Edited 5:12am
EU short setup still valid. However I am trading it a little differently if that's ok. I am shorting the pullback at the 25 or 50%. Stop 1pip+spread above setup bar and limit the high of the setup bar. In this case, 65pips from entry (1.3088).

So short @ 1.3088,stop loss @ 1.3124, Limit @ 1.3023

http://img856.imageshack.us/img856/9461/eushort.jpg

Risk Reward must be around 1:1.5 minimum.
Consistency = Steady growth = Solid equity
  • #555
  • Mar 14, 2012 5:30am Mar 14, 2012 5:30am
Quoting NuBeez
EU short setup still valid. However I am trading it a little differently if that's ok. I am shorting the pullback at the 25 or 50%. Stop 1pip+spread above setup bar and limit the high of the setup bar. In this case, 65pips from entry (1.3088).

So short @ 1.3088,stop loss @ 1.3124, Limit @ 1.3023

http://img856.imageshack.us/img856/9461/eushort.jpg

Risk Reward must be around 1:1.5 minimum.
Stop @ breakeven (low of setup candle broken)
Consistency = Steady growth = Solid equity
  • #556
  • Mar 14, 2012 5:39am Mar 14, 2012 5:39am
EU H1 type 2 entry..

1/1 now, removing risk..
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-14 at 12.37.53.jpg Size: 87 KB
tradewith60
  • #557
  • Mar 14, 2012 6:00am Mar 14, 2012 6:00am
EU H1 stopped out at b.e.... bloody news!... (got to find something to blame )

big picture... stuck to my plan, stuck to the rules.... small losses, big wins
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-14 at 12.58.54.jpg Size: 69 KB
tradewith60
  • #558
  • Mar 14, 2012 6:37am Mar 14, 2012 6:37am
i got stopped out twice today at BE. I guess too much news today lol
Twitter @raitchev
  • #559
  • Mar 14, 2012 6:52am Mar 14, 2012 6:52am
CAD/YEN H1 at 1/1 removing risk here..
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-14 at 13.51.06.jpg Size: 43 KB
tradewith60
  • #560
  • Mar 14, 2012 7:05am Mar 14, 2012 7:05am
Quoting NuBeez
Stop @ breakeven (low of setup candle broken)
Stop @ +20
Consistency = Steady growth = Solid equity
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