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Buy sell line trading

  • #1,141
  • Apr 10, 2012 5:26am Apr 10, 2012 5:26am
bumper start to the week, up 7% already GJ EJ and AU shorts!

just sticking to the rules...!
tradewith60
  • #1,142
  • Apr 10, 2012 6:01am Apr 10, 2012 6:01am
Quoting 60minuteman
bumper start to the week, up 7% already GJ EJ and AU shorts!

just sticking to the rules...!
Great going 60mm..I too had these three pairs...Nice to get back into it after the bank holidays..
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #1,143
  • Apr 10, 2012 6:15am Apr 10, 2012 6:15am
Quoting Seabreeze
Great going 60mm..I too had these three pairs...Nice to get back into it after the bank holidays..
Cool, always nice to bag profits before NY opens...
tradewith60
  • #1,144
  • Apr 10, 2012 6:49am Apr 10, 2012 6:49am
Quoting 60minuteman
Cool, always nice to bag profits before NY opens...
Yeah I agree....A nice start to the week..
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #1,145
  • Apr 10, 2012 6:57am Apr 10, 2012 6:57am
Quoting 60minuteman
niceeeee!
Hi ,

Can you please let me know how you do strong and weak currency analysis?

Regards,
Bedayan.
  • #1,146
  • Apr 10, 2012 7:02am Apr 10, 2012 7:02am
Quoting bedayan
Hi ,

Can you please let me know how you do strong and weak currency analysis?

Regards,
Bedayan.
Hi Bedayan, just look at the trend, Have you watched the video on the first post about reading the trend?
tradewith60
  • #1,147
  • Apr 10, 2012 7:39am Apr 10, 2012 7:39am
Quoting 60minuteman
Hi Bedayan, just look at the trend, Have you watched the video on the first post about reading the trend?
Yes I have watched your first video.That is way you are determining the trend.I was expecting some definitive way to go for strong and weak currency determination.Then we can pair those currency then automatically trend will strong for them and probability of trade going in that direction will be strong.

Regards,
Bedayan.
  • #1,148
  • Apr 10, 2012 8:05am Apr 10, 2012 8:05am
Quoting bedayan
Yes I have watched your first video.That is way you are determining the trend.I was expecting some definitive way to go for strong and weak currency determination.Then we can pair those currency then automatically trend will strong for them and probability of trade going in that direction will be strong.

Regards,
Bedayan.
Hi Bedayan


The 50ma is all you really need to to determine the trend. It is a great instant visual as you can see at an instant which currency is taking charge..
The steaper the 50ma the stronger the trend. Always avoid flat ma if you want a conservative entry.

The weekly and daily key S/R is all you need for target profits..

You do not really have to make it any more complicated than that..

I stand to be corrected by 60mm but this is how I trade this method..
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #1,149
  • Apr 10, 2012 8:55am Apr 10, 2012 8:55am
Quoting AlexC
Eur/Usd 4hr engulfing and type 2
Did you get stopped out on this one ?
  • #1,150
  • Edited 9:58am Apr 10, 2012 9:40am | Edited 9:58am
Quoting dan89
Did you get stopped out on this one ?
No. Remember 60m's rule#4 on SLs, first page.
  • #1,151
  • Apr 10, 2012 9:55am Apr 10, 2012 9:55am
Quoting 60minuteman
bumper start to the week, up 7% already GJ EJ and AU shorts!

just sticking to the rules...!

Good Stuff 60..... like a soldier you are.

Keep on truckin'

Blue
Master your Mind,,,Master the Market
  • #1,152
  • Apr 10, 2012 10:14am Apr 10, 2012 10:14am
Quoting bluesteele
Good Stuff 60..... like a soldier you are.

Keep on truckin'

Blue
the markets are being kind to me, giving such lovely set ups on a monday morning...

could of picked 6 valid signals today and all winners..
tradewith60
  • #1,153
  • Apr 10, 2012 1:08pm Apr 10, 2012 1:08pm
Quoting 60minuteman
the markets are being kind to me, giving such lovely set ups on a monday morning...

could of picked 6 valid signals today and all winners..
Hi 60Minuteman,

Can you please let me know which are currency paris you trade?

Regards,
Bedayan.
  • #1,154
  • Apr 10, 2012 2:26pm Apr 10, 2012 2:26pm
Quoting bedayan
Hi 60Minuteman,

Can you please let me know which are currency paris you trade?

Regards,
Bedayan.

This will work on any pair that is in a strong trend, Just take into consideration the spread if the trade has a low pip profit target and make sure the trade has pleanty of room between entry and key S/R
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #1,155
  • Apr 10, 2012 6:14pm Apr 10, 2012 6:14pm
Hi 60minuteman

Thanks for this thread. I've attached two screenshots of what appear to be good entries but bad trades. Could you (or anyone else) tell me whether these were good entries or there's something I missed?

thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: badtrade3.gif Size: 22 KB
Click to Enlarge Name: badtrade4.gif Size: 18 KB
  • #1,156
  • Edited 1:07am Apr 11, 2012 12:55am | Edited 1:07am
Quoting edd91
Hi 60minuteman

Thanks for this thread. I've attached two screenshots of what appear to be good entries but bad trades. Could you (or anyone else) tell me whether these were good entries or there's something I missed?

thanks
Hi 60mm may have a differant view on why these trades failed so I stand to be corrected.

On the first trade I would have left this one alone because it was a week trade..

The reason is that the price had tried and faild to go beyond 0.94575 nine times prevoius and so was indicating a weak trade. see below.

Attached Image (click to enlarge)
Click to Enlarge Name: badtrade3.gif Size: 27 KB


On the second trade there was an engulfing candle but the following candle did not push 1 pip below the low of the signal candle so there should not have been an entry..See Below

Attached Image (click to enlarge)
Click to Enlarge Name: badtrade4.gif Size: 21 KB


Hope this helps
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #1,157
  • Apr 11, 2012 12:59am Apr 11, 2012 12:59am
Thanks for your reply Seabreeze. I guess the first chart is indicative of the need to apply some discretion with this system.

With respect to the second chart, you're absolutely right. I had mis-read the rule to be the entry candle goes beyond the open of the previous candle but its the low, which makes sense
  • #1,158
  • Apr 11, 2012 2:08am Apr 11, 2012 2:08am
Quoting edd91
Thanks for your reply Seabreeze. I guess the first chart is indicative of the need to apply some discretion with this system.

With respect to the second chart, you're absolutely right. I had mis-read the rule to be the entry candle goes beyond the open of the previous candle but its the low, which makes sense
Hi Edd,

yeah Seabreeze was spot on with what he said, practice some more and you will improve at picking the trades.

Have you watched the video on page 1?

Try watching the video again, then set ACHF up as i suggest in the video.... Then have another look at the trade....
tradewith60
  • #1,159
  • Apr 11, 2012 2:37am Apr 11, 2012 2:37am
Hi 60,

Thanks for the thread, I take it a bit late I think but now I'm following.
Will practice this, I'm bored scalping

Cheers,
LhDT
#### Follow me at @LioH_ on Twitter ... ####
  • #1,160
  • Apr 11, 2012 6:50am Apr 11, 2012 6:50am
As a follow-up question, I have real trouble drawing SR lines. It's like a can of pringles for me, once I pop I can't stop, and I end up with lines everywhere and I can't take any trade because its so close to a line...

I've watched the video on p 1 of this thread and I see places there where I think "shouldn't he draw a line there?" Is there a good video or explanation somewhere on how to properly draw lines and where to draw them.
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