any thoughts about this one?
short?
best,
Jonas
Hero calls followed by margin calls...
''Trading Price II'' by PhAnti - have fun
- #381
- Nov 7, 2012 7:41am Nov 7, 2012 7:41am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
best,
Jonas
- #382
- Nov 7, 2012 8:02am Nov 7, 2012 8:02am
- Joined Nov 2012 | Status: Trader | 1,449 Posts
thanks P.Action... my long AU already hit SL+1... only got 1 pip,, hahaha,, (at least still propit)... need more hard work and practice..
aud/usd corelated with gold/usd. at this time gold pull back and so AU pull back too more than we hope. if price breaks 1.0400 round number level it means that cancel long opportunity. that is why i put my SL 1.0396 or near.
but as i mentioned in the chart. this cross rate has more R/R ratio. because of the breakout candle's length. this means higher risk.
actually good line,but please let me give you my opinion in this very certain trade.
You bought in a bullish trend at the retest of the pole level.
Fine, good job !
But please check out your stop and target, whats your r:r here ? theres a supply level right above your long entry, means you bought straight into supply...we need to avoid such trades to increase our overall profit.
Nothing offensiver here buddy, just a hint....
best,
Jonas
regards
faldot
Dear Faldot
aud/usd corelated with gold/usd. at this time gold pull back and so AU pull back too more than we hope. if price breaks 1.0400 round number level it means that cancel long opportunity. that is why i put my SL 1.0396 or near.
but as i mentioned in the chart. this cross rate has more R/R ratio. because of the breakout candle's length. this means higher risk.
- #388
- Nov 12, 2012 11:35pm Nov 12, 2012 11:35pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #390
- Nov 14, 2012 8:30am Nov 14, 2012 8:30am
- Joined May 2010 | Status: Trader | 2,693 Posts
Thanks ..... here time to going down ...... AUD D1
cheers
did it work out ?
however I have slightly modified my approach to trading this method.. and would like some feedback from you or anyone else who wants to comment
essentially what i have done is used 3 pairs...the eurusd/gbpusd and eur/jpy and gone back to the first trading day of the year (3rd of jan) for each chart..and drawn pole lines for each of the pairs..i moved the chart forward and added more lines until i ended up repeating on myself which was from about july/august.
to draw the lines i first drew the lines (dashed lines) on the h1 chart and made them only visible on the h1 chart and them moved to the h4 charts and drew them again (solid lines), what i found was that when the two lines were less than 10 points or so away from each other.. those were our supply and demand areas, if the the h1 lines that were in the middle of the h4 lines they acted as poles. and using the same methodology i would buy or sell on the supply/demand areas and wait for a clear direction in price before entering new long or short positions. i have attached the 3 templates in the following post. i don't think the lines are perfect...far from it.. but any feedback would be greatly appreciated.
Btw the reason i picked the 3rd of jan as a starting point was because i needed abig enough sample size, you can move the chart backwards to see if the lines held before this time and yu can add more...essentially doing one for the whole of the pairs, but i cant see price moving that much in the near future..
Peace!x
- #396
- Nov 17, 2012 2:05am Nov 17, 2012 2:05am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hi Jonas,
Thank you so much for your great sharing and the e book. Really helpful to develop my own setup based on SnD.
By the way, your background setup is so cool and soft. May I know what color your background set up..
Regards
Hero calls followed by margin calls...
- #397
- Nov 17, 2012 2:06am Nov 17, 2012 2:06am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
hi all,
USDSEK D1 bullish set up ..... PBT + CA the TL of SHS and above the BRN level 1.675...
zoom to 15M,5M and 1M.......
cheers
did it work out for you ?
PS : i guess you would od much better if you just change your template interface, you will likely miss important levels using this template.
best,
Jonas
Hero calls followed by margin calls...
- #398
- Nov 17, 2012 2:15am Nov 17, 2012 2:15am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
hi jonas,
what is your view of EJ ??? my view to going short if the pa closed below 102.xx nice entry for sell
cheers
well since price tested 100.30 area at demand we did have a straight and strong bullish uptrend following.... now price did test supply at 1. , note that we are in an uptrend,means supply at 1. got consumed and we are likely to break this supply level at the very next test because there shouldnt be that much short orders left. red line would be next stop, a break and we are rdy to go a lot higher.
Either you search for a good long entry for 104.50 area or wait for higher highs to sell again.
Sell high - buy low.
Hero calls followed by margin calls...
- #400
- Nov 17, 2012 8:23am Nov 17, 2012 8:23am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Danke Jonas..
I like your country, Germany..
Last year I visit my wife in Gottingen. She is a PhD student at Gottingen University in Gottingen. Germany is a great and big country..
Regards
Hero calls followed by margin calls...