New voice message: Why are you calling me? If I need you, I'll call you!
- #682,601
- Aug 21, 2012 6:00pm Aug 21, 2012 6:00pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
- #682,603
- Aug 21, 2012 6:16pm Aug 21, 2012 6:16pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
montly, just a view.
IF she get to where the DTL (see arrow) that will be a gain of 1300 pips (about) and also the 61.8 retracement of the previous leg. Keep i mind that the previous leg retraced 88.6 % and the one before 78.6.
IF she get to where the DTL (see arrow) that will be a gain of 1300 pips (about) and also the 61.8 retracement of the previous leg. Keep i mind that the previous leg retraced 88.6 % and the one before 78.6.
"Men who can both be right and sit tight are uncommon."
- #682,604
- Aug 21, 2012 6:30pm Aug 21, 2012 6:30pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Or Aud/Usd short
Mohan
- #682,606
- Aug 21, 2012 6:45pm Aug 21, 2012 6:45pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #682,608
- Edited 7:42pm Aug 21, 2012 7:29pm | Edited 7:42pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #682,609
- Aug 21, 2012 7:30pm Aug 21, 2012 7:30pm
Good morning.
Well I started my long term system the 10th of this month and my account is up 31%. Now I am just wondering, maybe the real money is the long term? Instead of fluctuation?
I trade long term all the time. I even trade long term on a 5 minute chart using the weekly, daily, 4hr high/lows and mid points, then scale down to a 1hr and 5 min chart for entries in aggreement with the longer timeframe s/r, trendline, etc.. Looking at your charts I think you are pretty much doing this already, may just need refining, understanding or just getting used to it.
31% since the 10th August says you are certainly doing something right.
- #682,611
- Aug 21, 2012 7:36pm Aug 21, 2012 7:36pm
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
All posts are my personal opinion
- #682,612
- Aug 21, 2012 7:41pm Aug 21, 2012 7:41pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,021 Posts
Patience, Emotion Control and Discipline.
- #682,614
- Aug 21, 2012 7:48pm Aug 21, 2012 7:48pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #682,615
- Edited 8:14pm Aug 21, 2012 7:55pm | Edited 8:14pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Hi Mike,
I trade long term all the time. I even trade long term on a 5 minute chart using the weekly, daily, 4hr high/lows and mid points, then scale down to a 1hr and 5 min chart for entries in aggreement with the longer timeframe s/r, trendline, etc.. Looking at your charts I think you are pretty much doing this already, may just need refining, understanding or just getting used to it.
31% since the 10th August says you are certainly doing something right.
Interesting what you are saying, I was just looking at cable and making TA on to it and I was thinking exactly the same that entry can be made on a smaller TF (15 or 60m).
But if we do that our entry need to be completely spot on, otherwise we are going to be stopped out of that 20 (about) pips SL. And I think is a good idea for short term only. Correct me if I am wrong.
The way I made 31 % from the 10th of this month was made like this:
First of all my technicality confirmed to me that this has bottomed, combined with fundamentals like "wherever it takes", plus the US in my view is in a worst scenario, but just not exposed yet.
Based on the above I bought my first lot risking 10% with 100 pips SL and I am buying every 50 pips UP with the same SL and risk. Once I gain 200 pips for each lot, I will move my SL to BE. Also I soon as I move my SL to BE for each lot I will try to buy the equivalent lots at pullbacks.
The Idea is to enter 10 lots with a minimum 1:10 RR gain.
I hope it helps.
"Men who can both be right and sit tight are uncommon."
- #682,616
- Aug 21, 2012 8:08pm Aug 21, 2012 8:08pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #682,617
- Aug 21, 2012 8:25pm Aug 21, 2012 8:25pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #682,618
- Aug 21, 2012 8:28pm Aug 21, 2012 8:28pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #682,619
- Aug 21, 2012 8:32pm Aug 21, 2012 8:32pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
0.0176
but it will not going happen even in my dream for next few decades
Mohan
