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Buy sell line trading

  • #581
  • Mar 14, 2012 1:21pm Mar 14, 2012 1:21pm
Quoting raitchev
Attachment

How about that Daily short setup in AUD/USD (if we close tonight with engulfing bar which is about to happen)?
Combined with the broken channel looks like a good deal to me?
I am eyeing this one too...

Olu
If you think you can or cannot do it you are correct
  • #582
  • Mar 14, 2012 2:01pm Mar 14, 2012 2:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 27 KB


Euro/Gbp Sell stop @ 0.8300
Twitter @raitchev
  • #583
  • Mar 14, 2012 2:10pm Mar 14, 2012 2:10pm
An entry according to the rules stated in the 1st post.

But I'm not sure of taking this one. The overall trend is down, buit if we look to the left of the h4 chart, the last couple days look some sort of sideways. On the other hand, the down-momentum seems to be intact.
Another point is the time of day. Both, Frankfurt and London are closed, so there will not be too much action in this pair for the next hours. There seems to be some support a this place, too, but might well be, that it's gonna brake in this downmove. A lot of pro's and con's for this trade...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-14_2002.png Size: 68 KB
  • #584
  • Mar 14, 2012 2:13pm Mar 14, 2012 2:13pm
it seems we are together in that one.
Twitter @raitchev
  • #585
  • Mar 14, 2012 2:15pm Mar 14, 2012 2:15pm
Quoting xeqter
An entry according to the rules stated in the 1st post.

But I'm not sure of taking this one. The overall trend is down, buit if we look to the left of the h4 chart, the last couple days look some sort of sideways. On the other hand, the down-momentum seems to be intact.
Another point is the time of day. Both, Frankfurt and London are closed, so there will not be too much action in this pair for the next hours. There seems to be some support a this place, too, but might well be, that it's gonna brake in this downmove. A lot of pro's and con's...
yeah i tend to stick to yen and aussie crosses when the big boys have shut shop... unless im looking at daily tf of course...
tradewith60
  • #586
  • Mar 14, 2012 2:16pm Mar 14, 2012 2:16pm
Quoting raitchev
it seems we are together in that one.
Again... first time didn't work so well. Let's hope for the best! I'm still in the chf/jpy trade, after 60mm stated his thoughts... What about your eur/jpy? Looks nearly the same..
  • #587
  • Mar 14, 2012 2:22pm Mar 14, 2012 2:22pm
Quoting 60minuteman
yeah i tend to stick to yen and aussie crosses when the big boys have shut shop... unless im looking at daily tf of course...
Yeah, seems to be the better option. So maybe the aud/usd is giong to be interesting in 3 1/2 hours.
  • #588
  • Mar 14, 2012 2:31pm Mar 14, 2012 2:31pm
Yep i actually changed my mind and removed the stop buy order...
Twitter @raitchev
  • #589
  • Mar 14, 2012 3:21pm Mar 14, 2012 3:21pm
Quoting raitchev
Yep i actually changed my mind and removed the stop buy order...
It would have been a sell stop. I think that's what you meant.
  • #590
  • Mar 14, 2012 3:30pm Mar 14, 2012 3:30pm
Of course thats what i meant I apologize im sleepy.
Twitter @raitchev
  • #591
  • Mar 14, 2012 4:21pm Mar 14, 2012 4:21pm
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

Have...
Hi Stemag,

Do you mind sharing your entries? I have backtested EURUSD as well (Fxpro - 1 jan - 13 march). I have spotted 29 trades, I guess the difference is because fxpro is GMT instead of GMT +1..

Thanks!

Great system 60mm! I'm backtesting it at the moment to get enough confidence. Only problem I have is determing the TP, but I have noticed that the 2nd candle after the trade is triggered, gives you an indication whether you will hit the tp or not.
  • #592
  • Mar 14, 2012 4:25pm Mar 14, 2012 4:25pm
Quoting Diego
Hi Stemag,

Do you mind sharing your entries? I have backtested EURUSD as well (Fxpro - 1 jan - 13 march). I have spotted 29 trades, I guess the difference is because fxpro is GMT instead of GMT +1..

Thanks!

Great system 60mm! I'm backtesting it at the moment to get enough confidence. Only problem I have is determing the TP, but I have noticed that the 2nd candle after the trade is triggered, gives you an indication whether you will hit the tp or not.
Hi Diego, yeah im getting some data on when the first candle closes against you, i think over time it might pay to close for a small loss, also looking if re-entry would work if the next candle then trades lower...

Overall picking the right pairs, and right tf to trade seems very important... H4 entries were not so great last week, but at the same time H1 entries paid really well... guess it comes down to reading the set ups, price action etc
tradewith60
  • #593
  • Mar 14, 2012 7:02pm Mar 14, 2012 7:02pm
Quoting NuBeez
buy stop at 87.40 & 87.60 (whichever is filled first, I missed earlier entry) , stop loss @ 86.80, limit @ 88.80

http://img10.imageshack.us/img10/4501/ajlong.jpg
closed +10
Consistency = Steady growth = Solid equity
  • #594
  • Mar 14, 2012 7:03pm Mar 14, 2012 7:03pm
Quoting NuBeez
EJ Long Setup.

Buy Limit @ 108.96, stop loss @ 108.56, limit @ 109.90

http://img31.imageshack.us/img31/302/ejlong.jpg
closed +16
Consistency = Steady growth = Solid equity
  • #595
  • Mar 15, 2012 1:10am Mar 15, 2012 1:10am
Just took a trade on EUR Hourly chart . Stop at 1.3039. . target 1.2950.
  • #596
  • Mar 15, 2012 1:26am Mar 15, 2012 1:26am
Quoting cluster
Just took a trade on EUR Hourly chart . Stop at 1.3039. . target 1.2950.
and about to hit my stop
  • #597
  • Mar 15, 2012 1:37am Mar 15, 2012 1:37am
Quoting 60minuteman
Hi Eagle, welcome... .....
.... has one that searches for engulfings. Those sort of aids are great... so go for it.
60Mman,
Thanks for clarifying your views on EAs and visual aids to PA analysis. Have managed to adapt arrow signals to comply with the pull back rules. May still need some tweaking, but looks promising, especially on 15M.
See attached.
EP
Attached Image (click to enlarge)
Click to Enlarge Name: buysell.gif Size: 38 KB
  • #598
  • Mar 15, 2012 1:50am Mar 15, 2012 1:50am
I am currently holding short positions in eur/cad and aud/usd, both opened because of the Daily englufing bar.

60mm what do you recommend about signals taken from a daily chart? Do you think it is safe to keep them running for the weekend too?
Twitter @raitchev
  • #599
  • Mar 15, 2012 1:55am Mar 15, 2012 1:55am
Quoting cluster
and about to hit my stop
Maybe it is a good idea to wait for London to open, because liquidity is too low before that...
Twitter @raitchev
  • #600
  • Mar 15, 2012 1:59am Mar 15, 2012 1:59am
Quoting raitchev
Maybe it is a good idea to wait for London to open, because liquidity is too low before that...

kewl
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