WOW!!
Thank FX-Pro that article was nothing but pretty awesome,
Thank FX-Pro that article was nothing but pretty awesome,
- #267
- Sep 18, 2012 8:33am Sep 18, 2012 8:33am
- Joined Jul 2012 | Status: Trader | 1,880 Posts
soon as the price moves 20 pips in my favor, i'l move my SL to BE, & then i take my first half position at 50 Pips, & the other will ride the complete trend till i see a reversal/price close below/Above 12EMA
i guess you need to fine tune your entries... & need to give enough space for the price to breath...
Don't worry... looks like you are moving to the next level of trading...
Good Luck
FX-Pro
You will get stop out many many times.....
Hi ya FX..
At the time I took the trade the MA's looked a bit sharper turned up so I took it like your first post where you have your first green circle but looking at it now I think I missed the point completely of having a nice clean clear pull back into the area..cheers 
I seen that area however I was looking at the Daily for the main stronger trouble area as the 1Hr had space at the time between the price and that resistance area to the left of it..
Thanks for the confidence in my trade! 
Thanks for the help and advice!
Cheers,
Adrian
This is not exactly a pull back entry...but it shows nice HH & HL...
more over you should have looked at this resistance zone as well...
never mind... please move your SL... & keep your fingers crossed...
Thanks for the help and advice!
Cheers,
Adrian
Wow, moving to BE after 20 pips...how is the market breezing?
You will get stop out many many times.....
I'm not sure how good a trader you are but I'm pretty crappy myself..
But if you look at these 2 posts:
1. http://www.forexfactory.com/showthre...86#post6011386
Now that's a fair amount of pips from bad to good..now you imagine if you have a large account..times it by $10pip times it by $20pip times it by $100pip, I think you can figure the numbers..
2. http://www.forexfactory.com/showthre...59#post6020959
Now that 's a pretty high % return on trades as long as you have good MM on it obviously which FX-Pro is showing us clearly and logically and is working as the returns are coming in from 12+ trades a month..and that's only on the Aud/Usd he's been trading..throw in other pairs for more trades..you do the numbers..
Add to that what I understand from some of FX-Pro's post's he's just getting started with this thread so plenty of room for improvement maybe?
..The best thing about this system is I feel comfortable with it which I'm sure as you know we have to build a system around our personality for it to work properly and get a return on capital..
Now I don't know why you would want to complain about those sorts of returns unless your obviously getting larger returns and in that case please be generous and share your system..
Cheers,
Adrian
Do you think it would be a good entry? (if its closed above 12EMA)
Looking at this trade on the Daily TF we are seeing price come off a strong double top so it may be going down further...however if you look at the other parts of the story it has bounced back down to a 50%Fibo level which is also confluenced with a strong Support level meaning it may be heading back up again so maybe you could use the option of trading long now on the 1Hr TF till the 72ema area and then watching to see what price does from there and then catching the bounce off the 72ema and back across the 12ema for entry in which ever direction the currency wants to play nice..
Hope that helps
Hi ya FX..
I've been meaning to ask you a couple of questions...
How do you go about looking for trades?..I mean do you check the charts every hour, and if the Aud/Usd is way off giving any signals do you check back the next day or every 4hrs??
Once your in a trade how do you manage it..do you check it on the hour or do you sit there watching it or is it a matter of set and forget the trade??
Are you trading full time and if so are you only trading between certain hours of the market being open??
Any answers would be appreciated
Cheers,
Adrian
I've been meaning to ask you a couple of questions...
How do you go about looking for trades?..I mean do you check the charts every hour, and if the Aud/Usd is way off giving any signals do you check back the next day or every 4hrs??
Once your in a trade how do you manage it..do you check it on the hour or do you sit there watching it or is it a matter of set and forget the trade??
Are you trading full time and if so are you only trading between certain hours of the market being open??
Any answers would be appreciated
Cheers,
Adrian
- #277
- Sep 18, 2012 10:02am Sep 18, 2012 10:02am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi ya FX..
I've been meaning to ask you a couple of questions...
How do you go about looking for trades?..I mean do you check the charts every hour, and if the Aud/Usd is way off giving any signals do you check back the next day or every 4hrs??
Once your in a trade how do you manage it..do you check it on the hour or do you sit there watching it or is it a matter of set and forget the trade??
Are you trading full time and if so are you only trading between certain hours of the market being open??
Any answers would be appreciated
Cheers,
Adrian...
This is what I believe he does.
1. Break Even after 10-15pips
2. 15pip trailing stop
3.Take profit on half position on next S/R
4.If continues same direction then TP next s/r
Above mostly I do myself except I let it ride full force.I don't take profit partially.Its your preference.
I am going to include great indicator which shows daily range.That should tell you how many pips particular pair has potential to move.
I look at it to get an idea TP levels.
In trading, you have to be defensive and aggressive at the same time
- #278
- Sep 18, 2012 10:10am Sep 18, 2012 10:10am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
Good morning brother
This is what I believe he does.
1. Break Even after 10-15pips
2. 15pip trailing stop
3.Take profit on half position on next S/R
4.If continues same direction then TP next s/r
Above mostly I do myself except I let it ride full force.I don't take profit partially.Its your preference.
I am going to include great indicator which shows daily range.That should tell you how many pips particular pair has potential to move.
I look at it to get an idea TP levels.
Sweet!, thanks for the trade ideas
This indicator looks lush!..Big thanks for this..
Hope your raking in the pips..and if you are send some my way
- #280
- Sep 18, 2012 10:22am Sep 18, 2012 10:22am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time