I short AU 1.0410
sl 1.0427
tp 1.0376
Keep Simple...!
- #37,662
- Jul 20, 2012 8:34am Jul 20, 2012 8:34am
Hi Timur
You did very well today and those pips profits speak volume. More important is that you traded your plan and manage those trades very well.
I can sense that you are also calm when you trade. That is very good.
For intraday trading I usually look at the pair day trading range and my target is only 60% of the average day range. Also look at the daily pivot R1 R2 and S1 S2 just to be within realistic target range.
ADR for :
AU is 85pips
EU is 95 pips
GU is 90pips
Compare these to the past 4 years, these are very narrow so we must keep...
- #37,663
- Jul 20, 2012 8:37am Jul 20, 2012 8:37am
Hi Timur
You did very well today and those pips profits speak volume. More important is that you traded your plan and manage those trades very well.
I can sense that you are also calm when you trade. That is very good.
For intraday trading I usually look at the pair day trading range and my target is only 60% of the average day range. Also look at the daily pivot R1 R2 and S1 S2 just to be within realistic target range.
ADR for :
AU is 85pips
EU is 95 pips
GU is 90pips
Compare these to the past 4 years, these are very narrow so...
Example:
Please let me know what do you think.
- #37,665
- Jul 20, 2012 8:54am Jul 20, 2012 8:54am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Whats wrong?
He is right.
It is just market noise.
Listen to this video.
Inserted Video
Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #37,666
- Jul 20, 2012 8:58am Jul 20, 2012 8:58am
Hi Timur,
He is right.
It is just market noise.
Listen to this video.
http://www.youtube.com/watch?v=JdNwa...layer_embedded
Regards,
- #37,667
- Jul 20, 2012 9:06am Jul 20, 2012 9:06am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
What is market noise? My trades were bad, or VSA is wrong? Didnt get it sorry
VSA is also good trading aid... it tells a story what goes on in the market.
SonicR method is all good.
Let this matter rest as it is.
Readers will make out their anwers themselves.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #37,668
- Jul 20, 2012 9:12am Jul 20, 2012 9:12am
Your trades are all good.
VSA is also good trading aid... it tells a story what goes on in the market.
SonicR method is all good.
Let this matter rest as it is.
Readers will make out their anwers themselves.
Good trading.
- #37,671
- Jul 20, 2012 9:53am Jul 20, 2012 9:53am
Stop talking about BBs. Please.
What they are doing we have no way of knowing. Sometimes they do what is advantageous to them, sometimes not. We have to trade with and against them. They are market participants just like us. Some have influence over price, some don't. And they certainly DO NOT hunt for your stops. Don't get deluded.
The point is. Forex acts the way it acts and it does not make a difference if we apply "BB theory" to it. Just let it go. Let go off the need to find a reason for every single move. It's so much easier to trade without...
- #37,672
- Jul 20, 2012 10:03am Jul 20, 2012 10:03am
Whats wrong?
Anyway thank you sonic for this system cos i've been trading it for a week now and all i can say is i've finally found home in this system. thanks again sonic you're the best.
- #37,678
- Jul 20, 2012 11:02am Jul 20, 2012 11:02am
Guys, does anyone know how i can get the pasts days daily pivots and their corresponding S/R to appear on my chart. thanks in advance.
- #37,679
- Jul 20, 2012 11:08am Jul 20, 2012 11:08am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #37,680
- Jul 20, 2012 11:11am Jul 20, 2012 11:11am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
