Restart Trading - Mostly Support and Resistance Analysis | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Fibonacci Time Zones and Support and Resistance? 20 replies

How to restart a MT4 program automatically? 9 replies

get last values after restart 2 replies

Need help with EA- problem with restart FLAG 0 replies

Problem with restart FLAG "==true" to false 2 replies

Attachments: Restart Trading - Mostly Support and Resistance Analysis
Exit Attachments

Restart Trading - Mostly Support and Resistance Analysis

  • #61
  • Edited 11:48am Jun 13, 2012 11:33am | Edited 11:48am
Long @ 0.99707 0.05 lot


SL @ 0.9955 below NY lows.

Tp @ 0.9986 just above 50% retrace.


Reasons for Entry:

15M PB.
R1
Higher Lows at 15 M chart.


Reason NOT to Enter:
R1 wasnt very respected today .
Time of the day.

Attached Image (click to enlarge)
Click to Enlarge Name: 7.gif Size: 32 KB
Failure is a feedback. Learn from it.
  • #62
  • Jun 13, 2012 11:39am Jun 13, 2012 11:39am
Quoting Turveyd
Okay if so and you plan to continue entering that way with 3 positions, SL 23 then they are too tightly bunched.

Yes you might not always get all 3 positions in, but when you do, your average will be better to get out on, if you need an emergency BE!!

Aim for say -6 then -12 for your other entrys, I'd say set orders but I'm shying away from that, cause sometimes it's obvious it's going for the SL

Yes, it is in To Do list (define the entries).

I still didnt define my methodology.
I need to find a trades more structurally.
Currently I just browse through charts and if I find something interesting, than I trade it.
Failure is a feedback. Learn from it.
  • #63
  • Jun 13, 2012 12:37pm Jun 13, 2012 12:37pm
Quoting tomomi72003
Long @ 0.99707 0.05 lot


SL @ 0.9955 below NY lows.

Tp @ 0.9986 just above 50% retrace.


Reasons for Entry:

15M PB.
R1
Higher Lows at 15 M chart.


Reason NOT to Enter:
R1 wasnt very respected today .
Time of the day.

Attachment

TP hit +15 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 7.1.gif Size: 32 KB
Failure is a feedback. Learn from it.
  • #64
  • Jun 13, 2012 3:18pm Jun 13, 2012 3:18pm
Quoting tomomi72003
Yes, it is in To Do list (define the entries).

I still didnt define my methodology.
I need to find a trades more structurally.
Currently I just browse through charts and if I find something interesting, than I trade it.

The entrys that close together sounds very addicted OMG it's down slightly buy more buy more, making yourself hold out longer will be good for your addiction fighting.

Yes I've been through all of this madness, normally a very logical person, demo account no issues at at, $0.1 per pip and fall to peices.


Feel free to post / shout at me if I do stupid trade by the way in my thread
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #65
  • Jun 14, 2012 12:07pm Jun 14, 2012 12:07pm
Quoting Turveyd
The entrys that close together sounds very addicted OMG it's down slightly buy more buy more, making yourself hold out longer will be good for your addiction fighting.

Yes I've been through all of this madness, normally a very logical person, demo account no issues at at, $0.1 per pip and fall to peices.


Feel free to post / shout at me if I do stupid trade by the way in my thread

Yes indeed those are addicted entries,
I need to fight the urge putting those entries!!!
Failure is a feedback. Learn from it.
  • #66
  • Jun 14, 2012 12:12pm Jun 14, 2012 12:12pm
Short @ 1.25966 0.05 lot


SL @ 1.2620 above today highs.

Tp @ 1.2570 just around 65% retrace (1:1 r:r).


Reasons for Entry:

00 level
15M PB.
R1
5M BeOb


Reason NOT to Enter:
00 level .
Time of the day.

Attached Image (click to enlarge)
Click to Enlarge Name: 8.1.gif Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 8.gif Size: 32 KB
Failure is a feedback. Learn from it.
  • #67
  • Jun 14, 2012 1:42pm Jun 14, 2012 1:42pm
Quoting tomomi72003
Short @ 1.25966 0.05 lot


SL @ 1.2620 above today highs.

Tp @ 1.2570 just around 65% retrace (1:1 r:r).


Reasons for Entry:

00 level
15M PB.
R1
5M BeOb


Reason NOT to Enter:
00 level .
Time of the day.

Attachment

Attachment

Added to the position
0.05 lot @ 1.2604



Attached Image (click to enlarge)
Click to Enlarge Name: 8.2.gif Size: 35 KB
Failure is a feedback. Learn from it.
  • #68
  • Jun 14, 2012 2:21pm Jun 14, 2012 2:21pm
Quoting tomomi72003
Added to the position
0.05 lot @ 1.2604



Attachment

SL hit - 25 pips.

But didnt resist the temptation to re-enter at dailyR2 & weekly R1 and weekly open.

Short 0.05 @ 1.26282
Short 0.05 @ 1.2631


SL @ 1.2655 weekly highs.
TP @ 1.2550 longer term target(natural retracment of this week low to high)

Attached Image (click to enlarge)
Click to Enlarge Name: 8.3.gif Size: 48 KB
Failure is a feedback. Learn from it.
  • #69
  • Jun 14, 2012 5:25pm Jun 14, 2012 5:25pm
Todays tip if you don't mind sir,

1. drop to M15 charts it's easier to see direction.

2. Your trying to pick tops and bottoms, what you should be doing is saying the market direction is UP currently on EU then entering on a pull back with the trend then riding it. ( only just started to crack this with years of trying )

3. Drop a 220ema onto a M15 or 110ema onto a M30 that might give you a hint as where to enter with the trend and a simplistic view of the trend.



Market is super trendy at the moment, Jan and 6 months before I was trading chop like you with next to no losses, then it started trampling me and had to switch tactics.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70
  • Jun 14, 2012 8:21pm Jun 14, 2012 8:21pm
Quoting Turveyd
Todays tip if you don't mind sir,

1. drop to M15 charts it's easier to see direction.

2. Your trying to pick tops and bottoms, what you should be doing is saying the market direction is UP currently on EU then entering on a pull back with the trend then riding it. ( only just started to crack this with years of trying )

3. Drop a 220ema onto a M15 or 110ema onto a M30 that might give you a hint as where to enter with the trend and a simplistic view of the trend.



Market is super trendy at the moment, Jan and 6 months before I...
Still losing money turveydrop? Yet, still advising others on how to trade. Lastly and most importantly , it's highly amusing that you are as thick as fuck and still talking complete and utter bollocks.!!
  • #71
  • Jun 15, 2012 12:15pm Jun 15, 2012 12:15pm
Quoting tomomi72003
SL hit - 25 pips.

But didnt resist the temptation to re-enter at dailyR2 & weekly R1 and weekly open.

Short 0.05 @ 1.26282
Short 0.05 @ 1.2631


SL @ 1.2655 weekly highs.
TP @ 1.2550 longer term target(natural retracment of this week low to high)

Attachment

SL hit - 27 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 9.gif Size: 37 KB
Failure is a feedback. Learn from it.
  • #72
  • Jun 15, 2012 1:43pm Jun 15, 2012 1:43pm
Cancel pending orders because the usdjpy didnt reach to the resistance area.



Attached Image (click to enlarge)
Click to Enlarge Name: 2.1.gif Size: 31 KB
Failure is a feedback. Learn from it.
  • #73
  • Edited Jun 16, 2012 8:48am Jun 15, 2012 2:02pm | Edited Jun 16, 2012 8:48am
7 position were open this week that record here and about 2-3 trades that were not record here.

Out of the 7 trades:
2 winners (1 winner was only half position).
5 loosers

total pips this week:
-83

On all position I set SL!!!

But on 2 position (1 record here and 1 not) I open another position after stopped out, which is bad and emotional!!!


Out of the 7 trades:
5 were against the day trend (4 loosers and 1 winner).
1 with the session day trend (a winner).
1 on a choppy day (a looser).



Observation:

1) Most of the trade were against the day trends.
2) StopLoss were too loose. Ex: SL were above session high instead of setup bar high (in order to not get stopped out).
3) Most of the trades were kind of force , because I have a day job , so I can only day-trade after 9 am EST.
Failure is a feedback. Learn from it.
  • #74
  • Edited 11:42am Jun 16, 2012 11:26am | Edited 11:42am
Quoting tomomi72003
Since my main trading problem currently is not placing stops.

Then my focus for this month is placing stops when trading.

That way I confront and attack the issue.


I will post here every trade that I took and the stops regarding the trade.

I will also try to record any feeling that I felt placing the stops.

This week all my trades were with SL.
But because I also entered few impulse trades, I add another goal:

Not placing impulse trades!!!

Only trades that have reasonable setup.

(The implication of it is not placing another trade after being stopped out at least 2 bar after the stopped out bar).
Failure is a feedback. Learn from it.
  • #75
  • Jun 16, 2012 11:47am Jun 16, 2012 11:47am
Inserted Video
Failure is a feedback. Learn from it.
  • #76
  • Jun 16, 2012 11:48am Jun 16, 2012 11:48am
Quoting tomomi72003
This week all my trades were with SL.
But because I also entered few impulse trades, I add another goal:

Not placing impulse trades!!!

Only trades that have reasonable setup.

(The implication of it is not placing another trade after being stopped out at least 2 bar after the stopped out bar).
Then you will find you dont make any trades and miss everything then get annoyed and make loser trades.

Sadly a trade which will work looks much like a trade which wont.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #77
  • Jun 16, 2012 11:53am Jun 16, 2012 11:53am
Quoting Turveyd
Then you will find you dont make any trades and miss everything then get annoyed and make loser trades.

Sadly a trade which will work looks much like a trade which wont.

This rule is only after being stopped out.
There is no way around it in order to be discipline and stop the impulse trades.
Failure is a feedback. Learn from it.
  • #78
  • Jun 16, 2012 7:26pm Jun 16, 2012 7:26pm
Quoting tomomi72003
This rule is only after being stopped out.
There is no way around it in order to be discipline and stop the impulse trades.
As in don't trade for X period or something, I've done the market goes down, looks like a bottom go long, get SL's think it looks like a bottem, repeat repeat repeat repeat and lose 120pips for a 30pip move doh!!

These days I use a SL just below the low, if it makes a lower low then I class it as downtrending then I won't go long on that pair, I'll look for a short entry on the next retrace up, stops that stupid error so far so good.

SL's you can't trade profitably long term without them, but short term you can have a string of SL hits and with the spread cost do quite a lot of damage.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #79
  • Edited 4:33pm Jun 17, 2012 4:20pm | Edited 4:33pm
Quoting Turveyd
....

SL's you can't trade profitably long term without them, but short term you can have a string of SL hits and with the spread cost do quite a lot of damage.

Read this post and train yourself (I'm talking to myself also...) that taking a loss is a good thing.

Now all you have to find is a method that wins 70% of the time...
Failure is a feedback. Learn from it.
  • #80
  • Jun 18, 2012 6:50am Jun 18, 2012 6:50am
Long @ 1.26249 0.1 lot


SL @ 1.2607 below today low.

Tp @ 1.2650 50 level and near r1.


Reasons for Entry:

15M PB.
PP
Divergence at 15 M chart.


Reason NOT to Enter:
PP just above.
Down day (trading against the trend).


Attached Image (click to enlarge)
Click to Enlarge Name: 10.gif Size: 33 KB
Failure is a feedback. Learn from it.
0 traders viewing now