smell that? I smell bull.
- #698,561
- Sep 26, 2012 8:17pm Sep 26, 2012 8:17pm
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
- #698,562
- Sep 26, 2012 8:19pm Sep 26, 2012 8:19pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #698,563
- Sep 26, 2012 8:21pm Sep 26, 2012 8:21pm
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #698,564
- Sep 26, 2012 8:23pm Sep 26, 2012 8:23pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #698,565
- Sep 26, 2012 8:25pm Sep 26, 2012 8:25pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #698,566
- Sep 26, 2012 8:27pm Sep 26, 2012 8:27pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #698,567
- Sep 26, 2012 8:28pm Sep 26, 2012 8:28pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Bear Flag?
so the ltl of flag need to be breached and held to bare fruits as a bear flag, is 3 options could play
if we agree 1hr is down trend!!
Bear flags aka ascending channel, while it is a channel, long bottom of channel and flip at top, long bottom flip at top, until ltl of channel breaches, then wait retest of breached ltl then play out flag as normal.
Is down trend so safer to only short utl of flag, I often sell utl with sl, when pa hit ltl I open long and remove sl from short, and wait break out.
If pa breaches utl of channel retest and hold, the bear flag is voided.......
or sit on hands and wait other S&R FIB etc to come into play even brit open, before decide, is not a nice day to be trading, is to many variables
If you are new to Forex? Say Goodbye to your account!!
- #698,568
- Sep 26, 2012 8:40pm Sep 26, 2012 8:40pm
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
- #698,569
- Sep 26, 2012 8:41pm Sep 26, 2012 8:41pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #698,570
- Sep 26, 2012 8:43pm Sep 26, 2012 8:43pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
yep I see a flag, not neat but a flag, problem is her at ltl of flag aka ascending channel
so the ltl of flag need to be breached and held to bare fruits as a bear flag, is 3 options could play
if we agree 1hr is down trend!!
Bear flags aka ascending channel, while it is a channel, long bottom of channel and flip at top, long bottom flip at top, until ltl of channel breaches, then wait retest of breached ltl then play out flag as normal.
Is down trend so safer to only short utl of flag, I often sell utl with sl, when pa hit ltl I open long...
This is flag as post above
Is tricky I need this hr close for last asian level
I have present range 2885 2866 (old strong S&R zone)with todays open zone 2870 -2876 asian still to print in 18min
So right now her in middle no-mans land really but my entry was because 2885 with 38fib just above, entry risk was 7 pip sl targeting 32 pip, trend is down, r/r is ok, I gain 32 pip or lose 7 pip, will not be alter
Is set and forget, I going out bbl
If you are new to Forex? Say Goodbye to your account!!
- #698,572
- Sep 26, 2012 9:00pm Sep 26, 2012 9:00pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #698,573
- Sep 26, 2012 9:07pm Sep 26, 2012 9:07pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #698,575
- Sep 26, 2012 9:48pm Sep 26, 2012 9:48pm
- | Membership Revoked | Joined Aug 2011 | 1,123 Posts
Sell EU 1.2878 Target 1.2840 Stop 1.2910
- #698,576
- Sep 26, 2012 9:50pm Sep 26, 2012 9:50pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #698,577
- Sep 26, 2012 10:08pm Sep 26, 2012 10:08pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
BTW for anyone who cares (probably no one does) I am going to diversify my risk using new strategies and old ones. After a while I will see which one I like more
#1 - Catch intraday trend with 20-30 pips S/L
#2 - Scalp trend and pull backs with a 10 pip stop loss (target does not have to be 10 pips).
Max loss of 10 pips a day. No limit on amount of trades taken.
#3 One scalp (with the trend on heavy momentum preferably) with a 5 pip stop loss. Target of 5-10 pips (or when market shows any sign of slowing down the move I will get out instantly).
Max loss of 5 pips a day (one trade), even with a winning trade, I MUST end after ONE trade.
#4 Scalping - 2-3 pip stops or can cancel trade for BE if stalling for a while near my entry.
Max of 10 pips of loss per day.
Anyone have a guess on which will come out more profitable? All have the same starting capital and daily risk %, so strategy with smaller amounts of pips risked daily are using more leverage.
#1 - Catch intraday trend with 20-30 pips S/L
#2 - Scalp trend and pull backs with a 10 pip stop loss (target does not have to be 10 pips).
Max loss of 10 pips a day. No limit on amount of trades taken.
#3 One scalp (with the trend on heavy momentum preferably) with a 5 pip stop loss. Target of 5-10 pips (or when market shows any sign of slowing down the move I will get out instantly).
Max loss of 5 pips a day (one trade), even with a winning trade, I MUST end after ONE trade.
#4 Scalping - 2-3 pip stops or can cancel trade for BE if stalling for a while near my entry.
Max of 10 pips of loss per day.
Anyone have a guess on which will come out more profitable? All have the same starting capital and daily risk %, so strategy with smaller amounts of pips risked daily are using more leverage.
Be hopeful in a winning position, and fearful in a losing position.
