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  • #13,941
  • Edited 3:20am Jun 27, 2012 2:55am | Edited 3:20am
hello...im a newbie...can anyone plz tell me if i have marked things right...if so then why did the trade fail...help is much appreciated...

im a newbie so plz be patient with me,,
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  • #13,942
  • Jun 27, 2012 3:04am Jun 27, 2012 3:04am
Quoting Mackem10
Thanks for all that Tehno, I enjoy using the fractal's.
Thanks , here are today entry examples. I suggest to open one more chart with higher tf like m15 m30 or h1 and always keep one eye on price and fractals on that one. if you have breakout on 5min and lets say 15min then you can use target1 from 15min to be target2 of 5min for even more profit!
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  • #13,943
  • Jun 27, 2012 4:06am Jun 27, 2012 4:06am
Quoting tehnobyte
Thanks , here are today entry examples. I suggest to open one more chart with higher tf like m15 m30 or h1 and always keep one eye on price and fractals on that one. if you have breakout on 5min and lets say 15min then you can use target1 from 15min to be target2 of 5min for even more profit!
Im currently on 1H - 5m. My signals seem to differ from your example and shows hitting a SL rather than target.
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  • #13,944
  • Jun 27, 2012 4:10am Jun 27, 2012 4:10am
Quoting Mackem10
Im currently on 1H - 5m. My signals seem to differ from your example and shows hitting a SL rather than target.
Same trade. PA is in a S/R line and ranging, will see where it gonna break out.

The "mistake" was to take the trade right below the round number of 1,25. EU, AU and GU are in bullish patterns but EJ in a bearish one
  • #13,945
  • Jun 27, 2012 4:17am Jun 27, 2012 4:17am
Quoting Fable
Same trade. PA is in a S/R line and ranging, will see where it gonna break out.

The "mistake" was to take the trade right below the round number of 1,25. EU, AU and GU are in bullish patterns but EJ in a bearish one

It wasnt an actual trade I took fortunatly, was just wondering why my signals were differing from tehno's.

Everything seems to be wondering around DP and Im not greatly experienced in that so wont be looking to trade until a strong breakout on E,U or G.
  • #13,946
  • Jun 27, 2012 4:20am Jun 27, 2012 4:20am
Yes this is first false breakout in this session and i have already recuperate this loss with next signal. (6positive to 1negative ).
I have noted that more false breakout are on reentry signals ! so we must be more careful on reentrys (adjust lot size)!
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  • #13,947
  • Jun 27, 2012 4:27am Jun 27, 2012 4:27am
Quoting tehnobyte
Yes this is first false breakout in this session and i have already recuperate this loss with next signal. (6positive to 1negative ).
I was just curious as to why your chart shows the price hitting the target and mine shows it as comeing up short. Obviously the targets were different but im not sure why it would calculate it differently?

Im currently on a short in GU as the 1H was a decent break so I took a signal from 5m.
  • #13,948
  • Jun 27, 2012 4:35am Jun 27, 2012 4:35am
Quoting Mackem10
I was just curious as to why your chart shows the price hitting the target and mine shows it as comeing up short. Obviously the targets were different but im not sure why it would calculate it differently?

Im currently on a short in GU as the 1H was a decent break so I took a signal from 5m.
If you look better you will see that my chart is showing early(different) entry when target was hit and yours show later entry (false breakout)!
breakout on gu / 1h has already hit target1 be careful!
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  • #13,949
  • Jun 27, 2012 4:38am Jun 27, 2012 4:38am
Quoting tehnobyte
If you look better you will see that my chart is showing early(different) entry when target was hit and yours show later entry (false breakout)!

I see, cheers again.
  • #13,950
  • Jun 27, 2012 4:48am Jun 27, 2012 4:48am
does anyone else feel like this is another false breakout to the downside??
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  • #13,951
  • Jun 27, 2012 5:19am Jun 27, 2012 5:19am
Quoting mogulmedia
Hi RJ,

Good to see you too and great you continue to do so well with this, though you always were doing well with it!

I noticed there has been a bit of negativity here recently and I find it funny that when someone can't make a system work for themselves, they don't realise that it's probably their fault and not the systems! They don't consider that many others are using the exact same system and profiting from it!

Many people don't seem to understand that every system isn't suited to every trader. In fact symphonie wasn't quite for me personally,...
Yep.....you're exactly right.....the system works and there is plenty of proof of this. Every now and then some people who haven't got the faintest idea of how to trade come here seeking the holy grail and lose money. They don't seem to understand that the system, any system, will only be profitable if the trader actually knows how to trade. This isn't a 'How to trade and make money for dummies' system!!

Babypips.com is the place to go to learn the basics.

Also, as you say, systems and traders have to suit each other, and if the system doesn't suit the trader, then it's not the fault of the system!

Never mind......many people here are making good money, and that's the main thing
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,952
  • Jun 27, 2012 5:21am Jun 27, 2012 5:21am
Quoting roobii
does anyone else feel like this is another false breakout to the downside??

there's only 1 meaningful trade in EU today, which was before frankfurt open TP: DP.

we have triple bottoms but a lower high and an ATR of 28.

until PA hits a meaningful support or resistance, i think its really dangerous to trade something like this
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  • #13,953
  • Jun 27, 2012 5:57am Jun 27, 2012 5:57am
This an interesting read while the market is in a coma.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,954
  • Jun 27, 2012 6:01am Jun 27, 2012 6:01am
Inserted Video
  • #13,955
  • Jun 27, 2012 6:08am Jun 27, 2012 6:08am
Quoting peterporter
http://www.youtube.com/watch?feature...&v=TN_1mF-3JTI

LOL.......give that man a BIG round of applause
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,956
  • Jun 27, 2012 6:35am Jun 27, 2012 6:35am
Quoting realjumper
This an interesting read while the market is in a coma.......
lol a coma for sure... I just got up and see that it sucks today...

That youtube video was awesome. haha
  • #13,957
  • Jun 27, 2012 6:56am Jun 27, 2012 6:56am
my matrix give me strange signal
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  • #13,958
  • Jun 27, 2012 7:07am Jun 27, 2012 7:07am
New AI in MT4 ?
  • #13,959
  • Jun 27, 2012 7:10am Jun 27, 2012 7:10am
Quoting patiencepays
hello...im a newbie...can anyone plz tell me if i have marked things right...if so then why did the trade fail...help is much appreciated...

im a newbie so plz be patient with me,,
Anybody????
  • #13,960
  • Jun 27, 2012 7:29am Jun 27, 2012 7:29am
Quoting patiencepays
Anybody????
I can't even find that set up on my charts....what time (GMT) was it?
Doing what you like is Freedom. Liking what you do is Happiness.
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