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  • #7,661
  • Jun 20, 2012 4:27am Jun 20, 2012 4:27am
Love this comment from Ralph Shell (COT report fame) "We started the week with a Monday reversal day down, followed by a Tuesday up market. Usually this type early action means we are headed for a choppy week with position traders giving money to the nimble scalpers".
  • #7,662
  • Jun 20, 2012 5:20pm Jun 20, 2012 5:20pm
Quoting Phx62
I took this trade a little earlier than normal. I usually wait for the reversal (red) candle to break the low of the previous candle to enter and I usually wait for the London session to open. In this case, based on many hours of study, I have noticed that on Sunday nights in a trending market, PA does NOT often make a reversal following London Open, so I entered at the first reversal candle and rode it out until the London session ended. I entered at the beginning of the Frankfurt session on a retouch of the supply/demand box and the TDI confirmed...
Phx62,

It's good to see you posting again. What indicator are you using to draw your supply/demand boxes?
  • #7,663
  • Jun 21, 2012 12:45am Jun 21, 2012 12:45am
Hi,
yesterday EU H1 trade closed before FOMC. Took small profit +15pips.


Note, yesterday price made a new week high but did not break last week's high. Will see if today will test the high again....for the new week range.

Trade Well!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 20 Jun H1 trade 21-6-2012 1-35-59 PM.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,664
  • Jun 21, 2012 4:00am Jun 21, 2012 4:00am
Hi,

Made a bad entry, ...now sitting through the London session.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 21 Jun H1 trade 21-6-2012 4-51-25 PM.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,665
  • Jun 21, 2012 4:21am Jun 21, 2012 4:21am
Hi guys
could't pay attention on trading last two days.
had a typhoon here. lucky enough everything is ok now.
Good trading for all.
  • #7,666
  • Jun 21, 2012 10:13am Jun 21, 2012 10:13am
Hi guys
today's eur/usd result
entered long at pullback bar ,was up +30 pips.looked nice at that moment.
before us open it shows a very significant short signal.
so get out long position with -3 pips.
and entered short at 1.2663.
closed position too early at 1.2628 +35pips.
i watched my trade record .it is steady and slowly growing up.
but i know exit strategy is really a big issue to me.
I will reread my chart and back testing again.
must something missing there.
Attached Image (click to enlarge)
Click to Enlarge Name: ?? 3.jpg Size: 147 KB
  • #7,667
  • Jun 22, 2012 1:37am Jun 22, 2012 1:37am
Yesterday was a bad start during the Tokyo-London overlap hours. I had formed a bias when Tokyo open, and was not really looking from higher. Good thing it was a Thursday and I had my trading mentor and team buddies with me. They woke me up to things I refused to see. Had to close the bad ugly position taken earlier at small loss. Then it all turn out well when NYO.

Saw that pullback candle and the potential for a nice move down the fibo levels and breakout of Wednesday Low. Took that H1 pullback bar setup and with some help and guidance managed the trade well adding positions with the strong move down. Overall that was a great close to this week.

Have Good Trading day!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 25 21 Jun H1 Trade NYO.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,668
  • Jun 22, 2012 2:00am Jun 22, 2012 2:00am
Very well done , congratulations all Emmanuel.
  • #7,669
  • Jun 22, 2012 2:37am Jun 22, 2012 2:37am
Quoting izisale
Very well done , congratulations all Emmanuel.
Hi izisale,

Thank you.
Haven't seen you in the thread lately.
Hope you are trading well.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,670
  • Jun 22, 2012 2:39am Jun 22, 2012 2:39am
Quoting emmanuel7788
Yesterday was a bad start during the Tokyo-London overlap hours. I had formed a bias when Tokyo open, and was not really looking from higher. Good thing it was a Thursday and I had my trading mentor and team buddies with me. They woke me up to things I refused to see. Had to close the bad ugly position taken earlier at small loss. Then it all turn out well when NYO.

[color=black][font=Verdana]Saw that pullback candle and the potential for a nice move down the fibo levels and breakout of Wednesday Low....
Great trading yet again E.

When the Mon/Tues highs held (as we discussed here) the move down was not entirely unexpected when US session yesterday had a classic big upper wick, 1hr chart.

Unfortunately we have very bad connection problems and missed out completely.

Anyway we have had a TL break lower (clear from D/4hr) and whilst a move up to test the back of that TL may happen we are looking for good opp's to sell after Y's engulfing neg close completed an evening star pattern.
  • #7,671
  • Jun 22, 2012 2:39am Jun 22, 2012 2:39am
Hi S3 Singapore Traders,

I sent out email to those who PM me. But I am not sure if I missed out anyone in my email list.
So for those who had PM me and did not received my email this week, please check your ‘junk mail’ folder as it may have gone into.

And for those who did not receive my email this week, please PM me again with your email contact.

I plan to have this first gathering in 2 weeks time.

Thank you.

Have a Good Weekend!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,672
  • Jun 22, 2012 3:43am Jun 22, 2012 3:43am
Quoting emmanuel7788
Saw that pullback candle and the potential for a nice move down the fibo levels and breakout of Wednesday Low. Took that H1 pullback bar setup and with some help and guidance managed the trade well adding positions with the strong move down. Overall that was a great close to this week.
Have Good Trading day!
Very nice trade Emmanuel.

May I ask when you add the new positions where you put the SL?

Thanks.
  • #7,673
  • Jun 22, 2012 6:37am Jun 22, 2012 6:37am
Quoting emmanuel7788
Hi S3 Singapore Traders,

I sent out email to those who PM me. But I am not sure if I missed out anyone in my email list.
So for those who had PM me and did not received my email this week, please check your ‘junk mail’ folder as it may have gone into.

And for those who did not receive my email this week, please PM me again with your email contact.

[color=black][font=Verdana]I...
Hey emm....

So this is only for those in the far east singapore. What of those of us here in London erh? no partying for us erh? not fair Emma. Only joking bro, good on you and hope you all have fun and may be sometime some one here with so much green pips in the bank just like you can organise one for us here in London the financial capital of the world.

Have a nice weekend and leav the beer alone. hahaaa
Born to rule my Economic World and Make a Difference!
  • #7,674
  • Jun 22, 2012 6:48am Jun 22, 2012 6:48am
Quoting Cun
Very nice trade Emmanuel.

May I ask when you add the new positions where you put the SL?

Thanks.

Hi Cun,

For this trade, I made the first Add Pos 50pips from the initial EP 1.2667. I use a Running Stop Loss of 50pips for this trade .. it is about 2xATR(10) on H1 or 1xATR(10) on H4. So when market move another +50pips, I will BE the first Add Pos and will add the another Pos.

Note: I use a multi lot money management strategy for all my intraday trades.
Usually the first lot (or pos) I will exit at +1R and BE the remaining lot. Only in cases where there is a strong breakout potential, then I will add on pos. This is done only when initial lot is BE. The initial risk R is the same and after BE, every add-on trade is a 'free trade'. Just think of re-investing the gained profit.

Hope this explains clearly.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,675
  • Jun 22, 2012 6:57am Jun 22, 2012 6:57am
Quoting sharemaster2
Hey emm....

So this is only for those in the far east singapore. What of those of us here in London erh? no partying for us erh? not fair Emma. Only joking bro, good on you and hope you all have fun and may be sometime some one here with so much green pips in the bank just like you can organise one for us here in London the financial capital of the world.

Have a nice weekend and leav the beer alone. hahaaa

Hi sharemaster,

I will think of one gathering in Lon next summer when holiday there.

Sydney/Melbourne are next in my plan ...

already on my 3rd beer and the night is still young here.

you have a good weekend too! and be good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,676
  • Jun 22, 2012 7:02am Jun 22, 2012 7:02am
Quoting Vantage
Great trading yet again E.

When the Mon/Tues highs held (as we discussed here) the move down was not entirely unexpected when US session yesterday had a classic big upper wick, 1hr chart.

Unfortunately we have very bad connection problems and missed out completely.

Anyway we have had a TL break lower (clear from D/4hr) and whilst a move up to test the back of that TL may happen we are looking for good opp's to sell after Y's engulfing neg close completed an evening star pattern.
Thanks Vantage.

Yes, I read your posts and remember the Mon and Tue highs you highligted. That was one flasing light I woke up to but was not sober to think fast and straight.

Regards,

Have a Good Weekend!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,677
  • Jun 22, 2012 7:12am Jun 22, 2012 7:12am
Hi

Here is an article on multi lot positions.
It will give you a general idea what you can do with money management to make this nice S3 trading method into a profitable system. We all need proper money management system which will work for us individually.

But there is still a bigger part i.e. managaing our trading psychology. This is the biggest and most difficult part of being a trader.

Regards,
Attached File(s)
File Type: pdf Using Multiple Lot Positions To Improve Trading FX.pdf   66 KB | 1,646 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,678
  • Jun 22, 2012 9:13am Jun 22, 2012 9:13am
Hi everyone,

I am a newbie to this thread but had been a silent member for a period.

Today I am here to thank you all of your contribution to this thread and share your valuable forex experience to everyone.

In the mean time, I have a setup question about GBPUSD. I saw Fib + Previous Support on the chart below... but I afraid it may be too risky to enter long by catching the falling knife...

Also, should I wait until TDI crossed? but it may have gone away from the entry level... Pls advise. Thanks!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GU 2012.06.22.gif Size: 40 KB
  • #7,679
  • Jun 22, 2012 10:06am Jun 22, 2012 10:06am
Quoting shakeyiu
Hi everyone,

I am a newbie to this thread but had been a silent member for a period.

Today I am here to thank you all of your contribution to this thread and share your valuable forex experience to everyone.

In the mean time, I have a setup question about GBPUSD. I saw Fib + Previous Support on the chart below... but I afraid it may be too risky to enter long by catching the falling knife...

Also, should I wait until TDI crossed? but it may have gone away from the entry level... Pls advise. Thanks!!!!!!!

Hi,

if there is a falling knife, the safer way to catch it is to catch it from above.

it's Friday, wait till next week opens since you are looking at D chart TF.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,680
  • Jun 23, 2012 4:19am Jun 23, 2012 4:19am
Quoting emmanuel7788
Hi Cun,

For this trade, I made the first Add Pos 50pips from the initial EP 1.2667. I use a Running Stop Loss of 50pips for this trade .. it is about 2xATR(10) on H1 or 1xATR(10) on H4. So when market move another +50pips, I will BE the first Add Pos and will add the another Pos.

Note: I use a multi lot money management strategy for all my intraday trades.
Usually the first lot (or pos) I will exit at +1R and BE the remaining lot. Only in cases where there is a strong breakout potential, then I will add on pos. This is done only when initial...
Hi again Emmanuel,

Thanks so much for the explanation. You have explained it very clearly and been generous with your knowledge.

Thank you also for the PDF on Using Multiple Lot positions I will read and study the article this weekend.

Have a nice weekend and another great week of trading next week!
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